One should always find downtime - especially when in such a situation....otherwise I suggest it will not end well my friend.
Some point to ponder on;
1. Chance of taking way too much risk Traders must be disciplined, and be meticulous in their risk management skills. Trading websites often cite risk management as the most important skill of trading. Poor risk management, they say, can ruin even profitable traders. Doctors trying their hand out in trading may not fully appreciate the importance of risk management, and just throw 5%, 10%, or even 20% of their portfolio on a single stock.
In addition, there is always a risk that short-term “trading” eventually just becomes gambling, with the goal simply of getting the rush of a winning trade. As such, there is a danger, especially for a losing trader, that larger and larger portions of a portfolio are allocated to trading in order to make back money lost or to have some winning trades. It is better just to never start.
2. Time Commitment Required to Succeed It takes time to trade well. Remember, you are competing against professionals who have been studying the markets full-time for years, with research analysts to back them up. It’s unlikely that you would be able to beat the market in your spare time. You aren’t going to beat the market during your lunch break, or even by doing 1 hour of homework per stock a week.
Dr. Michael Burry from the Big Short attributes his success to poring over financial statements during quiet hours on call. Eventually it became an obsession for him, and he no longer works as a neurologist in order to focus on his hedge fund. Success in trading requires a commitment far beyond what a full-time physician can give.
3. One Rarely Beats the Market Many traders make money in the short-run. Probability states as much. If you flip a coin, with half of investors betting on heads, and half betting on tails, 50% of investors will be making money. These 50% will brag to their friends about their winning trade, or post on message boards touting their investment returns. This is dangerous, because it can lure traders into thinking that they are beating the market, when in actuality, luck has been on their side. In the long-run, very few traders will be able to consistently make money, especially taking into account the structural disadvantages of the bid-ask spread, trading commissions, and taxes.
4. The Stress of Losing Moneythrough trading is excruciating. Even if you make money, it is stressful. The daily gyrations of the market cannot be controlled, and if your money is at risk, it is stressful. I would argue that trading can be more stressful than most jobs, particularly if one day trades.
