Neurotic traders use trading for the “high” it gives them. These people have a need to be always on the edge. They trade during the day, bet on professional sports at night, go to the racetrack on weekends, and even plan their vacations around gambling. For them, the thrill is in the bet, not the outcome. Their mind is always on the next game, the next trade, wherever money can be won or lost. They have no goal beyond the moment…That is the underlying psychology of impulsive behavior, and it is the exact opposite of the healthy psychology of successful traders.
– Victor Sperandeo, Trader Vic II: Principles of Professional Speculation
