Is Trading Right For You?

Michael Shopshire has provide a nice post at his blog called - Persistence: Is It Always Good? Among several interesting points, he provides a nice little exercise to determine if trading is right for you:

Ask yourself, would you trade for no money. Suppose that you did not have a dime to bet. Would you enjoy following stock prices anyway? Would you enjoy reading about stocks, making forecasts, and seeing if you were right just for the fun of it? If the answer is yes, trading may be right for you. But if you think, why bother following the markets just for fun, then you may want to consider whether trading is right for you. In other words, if you are in it only for the money, it may not be right for you.

The entire post is worthy of a read and I recommend it highly for anyone who trades and especially those who are considering trading as a career.