Now, well it is worth a thought what does this term WANDER LUST have to do with the Stock Markets.
Well, this is one of the first drawbacks of any trader , especially a day trader. A day traders lifestyle is very much the main aspect of his hold over his work.
Now this word WANDER LUST can be elaborated upon as wandering around the lust of trading which most of the beginners to a trade do. I don’t claim that waiting with a hope for an opportunity will help a trader in his trade but neither will the wandering around the lust to trade.
Greed to make a quick buck may be the main drive behind this , which leads the traders sometimes to even overtrade, which is one of the main reasons for an unsuccessful trade.
This atitude of one makes one more a gambler in the stock market than a calculative trader with strict stop losses.
Thus , i can only say understanding ones trade is equally important to understanding the micro & macro aspects of the market.
( VIEWS EXPRESSED PURELY BASED ON ONES OBSERVATION & UNDERSTANDING OF INDIAN EQUITY MARKETS ALONE)