I recently came across a quotation that made me think of traders; what drives folks to be traders and why they are compelled to trade.
I remember being down with John Person staying @PersonsPlanet in FLA on May 20, 2010 to work on the Commodity Trader’s Almanac 2011 (now Seasonal Sector Trades) However, May 20, 2010, if you remember was two weeks to the day after the “Flash Crash” and was a mini flash crash of its own. DJIA (NYSEARCA:DIA) was down 376 points on the day and S&P 500 was off 3.9%.
As we sat down to work on our project that infamous day, John took one look at the market, then one look at me and said, “Sorry, I have to trade this market.” “Have to” is also the reason my high school English teacher told us people right poetry. So, while reading my trusty copy of Walking the Appalachian Trail (Stackpole Books, 1994) this quote jumped out at me on top of the chapter entitled “The Man Who Dares: Difficulties and Dangers along the Trail.” I inserted “traders” for effect.
“There’s a race of men [or traders] that don’t fit in,
A race that can’t sit still;
So they break the hearts of kith and kin,
And they roam the world at will.
They range the field and rove the flood,
And they climb the mountain’s crest;
Theirs is the curse of the gypsy blood,
And they don’t know how to rest.”
― Robert W. Service (Bard of the Yukon, from “The Men That Don’t Fit In,” 1874-1958)