Trading = fishing?

The more I learn, the more I see similarities between trading and fishing. Not that I am a big fisherman, really, but what I mean is, it's more about what you don't do than what you do. Many times I am tempted to do something and to act on impulse. When I don't act on it, I never regret it. But when I do act, I often regret it.  That was the case last year before the end-of-April market dive and this week with the RSX trade. This is the second time that as soon as I see funds available in my brokerage account, I rush into a trade. Like a kid in a candy store. I really need to count to ten before acting. In the end, a missed gain is less expensive than a loss.  After a missed gain, I still have my capital.  But after a loss, some of it is gone.

Patience is the key to capital preservation.