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The PandaWarrior Chronicles

  #411 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


bluemele View Post
I think success is 'boring' if you are not reaching to further heights. When you reach success in your business it 'should be boring' in the sense that it comes easy.

There is a difference in the feelings one gets when they first start clicking live compared to when you click now. In a way, it is 'boring'. But, I think the point is for all of us to keep our passion strong as to think it does not evolve is a falsity.

I come to trading mainly for that reason. I don't want to go through cycles of ups/downs again like what we have seen in RE. I prefer something 'boring' and consistent and without the steep learning curve and I do not see trading having a continued learning curve indifferent than anything else. But of course, I am not the guy pulling in millions per year either.. Or even thousands from trading...

For me, its the utter dependency on myself as opposed to depending on outside factors that appeals to me so much. And no employees.....thats the best part.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #412 (permalink)
 
VinceVirgil's Avatar
 VinceVirgil 
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
Posts: 1,752 since Aug 2011
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PandaWarrior View Post
For me, its the utter dependency on myself as opposed to depending on outside factors that appeals to me so much. And no employees.....thats the best part.

Ah, having a personal assistant is wonderful. He/she does the stuff you dont like to do and are not very good at. Someone that can pick up you dry cleaning, do the shopping at the grocery store, take the car in for an oil change, or at least arrange for the oil change. They make appointments for you, so you dont have to. All the mundane stuff that is time consuming. Need to book a flihght...done. Need flowers for the wife? no problemo. I could go on and on and on.

Sure, you have to pay them a salary, but, whats 100 bucks a day, when you are pulling down 2000? And how much more could you be making without the interuptions of the mundane stuff?

I think I'll always have an assistant. The one employee.

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  #413 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405



VinceVirgil View Post
Ah, having a personal assistant is wonderful. He/she does the stuff you dont like to do and are not very good at. Someone that can pick up you dry cleaning, do the shopping at the grocery store, take the car in for an oil change, or at least arrange for the oil change. They make appointments for you, so you dont have to. All the mundane stuff that is time consuming. Need to book a flihght...done. Need flowers for the wife? no problemo. I could go on and on and on.

Sure, you have to pay them a salary, but, whats 100 bucks a day, when you are pulling down 2000? And how much more could you be making without the interuptions of the mundane stuff?

I think I'll always have an assistant. The one employee.

I've had the assistant and it was nice, but since simplifying my life dramatically, I no longer need one. My iPhone along with Google's various services make these things pretty simple. In fact, I kinda enjoy some of these mundane things. Since I only trade about 2 hours a day and I'm done before most people go to work, it looks like I am retired! Maybe someday, I'll do the assistant thing again. But first I'll have a pool guy and a lawn guy and a house cleaner....three chores I hate......

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #414 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
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PandaWarrior View Post
I've had the assistant and it was nice, but since simplifying my life dramatically, I no longer need one. My iPhone along with Google's various services make these things pretty simple. In fact, I kinda enjoy some of these mundane things. Since I only trade about 2 hours a day and I'm done before most people go to work, it looks like I am retired! Maybe someday, I'll do the assistant thing again. But first I'll have a pool guy and a lawn guy and a house cleaner....three chores I hate......

I can think of some trivial duties that either myself or my wife could be excused from:

-Massage, 1 hour every 3 days! ya baby!

-Life Coach, every other day, Mental cheering up and re-positioning!

-CPA/Bookkeeper/Tax Attorney full time, this is obvious as I don't know anyone enjoying this!

-Exercise coach, I personally don't need this but my wife does and something I don't like 'coaching'.

-house chores, etc..

Oh the joy of making millions in the market.

Visit my NexusFi Trade Journal
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  #415 (permalink)
 
Adamus's Avatar
 Adamus 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker: IB/IQFeed
Trading: EUR/USD
Posts: 1,085 since Dec 2010
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PandaWarrior View Post
2. I've heard traders talk about stalking the trade....like it was some sort of prey to be stalked and killed. Its like sitting in a hunting blind looking to shoot a bull elk and passing the time while assorted other wildlife walk by unharmed. The bars on the chart are just assorted wildlife. Let them pass until the bull elk you are looking for shows up and its within range of your rifle. And then wait until you can make a kill shot with 100% certainty. I felt a bit of that today. An oddly exhilarating feeling. It could become addicting.

That metaphor really helps, the waiting and the certainty part. To keep myself out of trades and not to overtrade with dumb trades. Thanks v. much.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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  #416 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010

You guys are going about it all wrong. The first thing you need isn't a gardener or an assistant, it's a couple of ex-CIA/Secret Service guys to keep you safe.

I don't really like employing people, because it makes me feel guilty. Therefore I end up overpaying to rid myself of that feeling.

Thankfully one can order most of what one needs online these days. For all other arrangements I find using a concierge service is good, especially for traveling. I've been a Quintessentially member, and it was pretty decent.

Apparently the Amex Centurion service is good, but I haven't received my invite yet. Maybe others can chime in on that?

Visit my NexusFi Trade Journal
  #417 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


bluemele View Post
I can think of some trivial duties that either myself or my wife could be excused from:

-Massage, 1 hour every 3 days! ya baby!

-Life Coach, every other day, Mental cheering up and re-positioning!

-CPA/Bookkeeper/Tax Attorney full time, this is obvious as I don't know anyone enjoying this!

-Exercise coach, I personally don't need this but my wife does and something I don't like 'coaching'.

-house chores, etc..

Oh the joy of making millions in the market.


Massage. check
Life Coach. Check
CPA. Check
Personal Trainer. Check

Done all of those....enjoyed them all except the personal trainer....I think she tried to kill me!!!!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
Thanked by:
  #418 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


Lornz View Post
You guys are going about it all wrong. The first thing you need isn't a gardener or an assistant, it's a couple of ex-CIA/Secret Service guys to keep you safe.

I don't really like employing people, because it makes me feel guilty. Therefore I end up overpaying to rid myself of that feeling.

Thankfully one can order most of what one needs online these days. For all other arrangements I find using a concierge service is good, especially for traveling. I've been a Quintessentially member, and it was pretty decent.

Apparently the Amex Centurion service is good, but I haven't received my invite yet. Maybe others can chime in on that?

I like the look of that Quintessentially thing....I've used the Amex stuff in a former...much wealthier life and I have to say they are good but left me stranded in Asia once because I failed to inform them I was leaving the country and therefore they denied all charges. I had to rustle up some cash to get home......not helpful....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #419 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405

+45. Would have been more but I got stopped out to the tick on my -8 trade and then price when my way instantly...That was the open and I think I should have been flat but forgot to take notice of the time.

Two other trades less than ten ticks were me trying to get cute with the stop.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #420 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


Took my kid to school, came back. Was on skype with my friend and while we talked, I took a few more trades. Ended up +72 on the day. Tried a couple of things I normally wouldn't do but I was up nicely and felt like I had a few ticks to give.

Anyway, a nice day and now I am toast.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread

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Last Updated on May 14, 2014


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