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Writer's Notes by Sophia Tesch
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What a day with firefighters taught me about trading.

10/14/2021

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-It's been about 13 years since I took Leadership training. During the course I was required to do a ride-along with the local firefighters to see what their experience was like. It wasn't a burden at all for me. I would love to spend all of my Friday nights that way if I could.

During the ride-along as we waited for an ambulance to come and pick up someone needing help I asked the firefighters, How do you do it? How do you deal with constant crisis, tragedy, and dangerous situations all of the time?

​He answered, "You go into your training. You do what you are trained to do. Allowing your emotions to take control does no one any good. You are not helping the people that need help, you are not helping your team, you are not helping yourself. The most important thing is to do your job and go home at the end of the day." 

This discussion has come to mind as I am learning day trading and the other types of investment strategies that I am practicing now. Not at all to say that trading and investing has the same weight or gravitas as the real crises and danger that firefighters face. What I am talking about are the strong emotions and the panic that can occur when things are going against you. Instead of panicking and getting emotional which helps nobody, stick to the training. Stick to your trading plan and work the problem. 

The first thing to do is to put safety guides in place when you begin a trade. There are strategies that you can learn from programs like the one taught at livetraders.com that helps to mitigate that risk. And where no trades are risk- free, the risk can be greatly reduced using trade management strategies.

The other important thing is to train. Paper trading in a simulator before investing actual money is a way to feel the feelings and manage the trades before your actual paycheck is on the line.

Paper trading is a challenge as I have not found one yet that really allows a person to practice day trading in a meaningful way. But learning the mechanics of the platform has value. You don't want to learn how to fly a plane in mid-flight. That's a recipe for disaster. 

Once you have a plan, a platform that you feel comfortable with, and the education to spot what are most likely to be winning patterns. Then work your plan in the moment. When you have an outside source to rely on then the emotions are less likely to guide you into making irrational decisions that can put you in a bad place financially.

​This advice can be used for many things in life. Don't make panic decisions on the fly, have a game plan ahead of time and rely on it when things go sideways as they will in life.

Work the problem, work your plan, take it moment by moment and breathe until it is done. 

And in the great wisdom of Hitchhiker's Guide to the Galaxy, Don't panic!  
"You go into your training. Do what you are trained to do. Allowing your emotions to take control does no one any good. You are not helping the people that need help, you are not helping your team, you are not helping yourself. The most important thing is to do your job and go home at the end of the day." 
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Personal Value

10/13/2021

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"Some of them want to use you. 
Some of them want to get used by you. 
Some of them want to abuse you. 
Some of them want to be abused." 
-Lyrics by the Eurythmics
​
Ego is a powerful thing. The way we determine our own self worth particularly when there isn't a long list of accomplishments to tick off that society would deem traditionally successful. From my observations of myself and others is the temptation to measure self worth by who we interact with instead of doing the work to be truly successful on our own. Hence the dynamic of the lyrics the power comes from the story of who loves us, who hates us, who we allow to use and abuse us just to say that they are in our lives. Because we find personal value in that. Let me explain further. 

I have been on both sides of this dynamic. Being both the bestower and recipient of perceived personal value due to association.  Neither side of it feels awesome once the realization happens that that is what is going on. For example knowing that someone is trying to strike up a relationship in an attempt to steal some of the aura of success you created by working hard and achieving goals feels bad.

It also feels bad when after a personal evaluation you find yourself inquiring "Why does it matter so much to me that I have a relationship with this person? Is this a bond on mutual connection and affection in exchange or am I just trying to make myself feel better because of the company I keep?" That is especially problematic when knowing the relationship is an excuse for not doing the work and finding true personal success. True personal success allows one to feel good about life's accomplishments regardless of what anyone else does. Personal accomplishment that is authentic is a feeling that no-one can take away from you. Basing value on relationships leads to unhealthy power dynamics all the way around. It doesn't last because it isn't real. 

A healthy way to come together with a successful person, either in a friendship or something more intimate is to do the work to deal with personal insecurities. Do the work to create personal fulfillment and feelings of success that way there is something to share. Confidence is attractive, dependence is not.

Always remember all happiness and power is yours to access whenever you want to when you internalize personal value. Do not place the ability to obtain it outside of yourself in what may be some unattainable standard that another person, for their own reasons, places outside of your grasp. That is no way to live a contented life. Add value to the lives of those around you. Do something difficult and stick with it until it is done. Each time this is accomplished a higher level of confidence is achieved. Ego dies, as it is not needed, and personal value is felt deeply and authentically because it is real. It is all yours. No one can take that away from you because you earned it and it's yours to keep. 



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Sophia Tesch is a writer and #momtrepreneur living in Arizona. 

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    Sophia Tesch is a graduate of the Hugh Downs School of Human Communication at Arizona State University. Sophia is a community advocate. She lives in San Tan Valley, Arizona with her husband and children.

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