No this is not working. I am not a wildly profitable trader with a parabolic equity curve (Hence the saying – there are bold traders and there are old traders, but there are no bold old traders.). But I have crossed a subtle line – I am finally a BREAKEVEN trader.

I started off with Rs.1,00,000 in my account. I have Rs.1,13,000 in my account as of today. The capital shot up till Rs.1,30,000 and then I wiped off Rs.17,000 in a single cocky trade.

In the month of June I was:

- somewhat patient in waiting for good entries, - roughly 50 % of the time (the other 50% was where I jumped in eagerly and then had to spend the time miserably watching price going nowhere, and good trades missed because all my capital was tied up)

- was mildly willing to take losses at points where I had pre-decided to pull the plug on the trade if price ever reached, - roughly 30 % of the time (the remaining 70% I froze in a thawed soft fashion, i.e. not a deep freeze like earlier times

- I somewhat took the trades as my system dictated even though my heart was pounding DANGER, DON’T DO THIS (though this good thing happened and I was good with my analysis 80% of the time. The other 20 % of the time the analysis was correct in warning me that this is a low probability setup but I took the setup nevertheless out of pure cockiness due to recent heady wins – this happened in my last trade yesterday.

Earlier I would have developed an automatic swagger on the last part of the statement alone – being right 80% of the time on intraday trades. But I am neutral now in the sense that I feel I am staying on the road. Not yet at a place like @GaryD where I can think of being a fulltime trader. That would eat me up alive and bring nervousness, depressive – happy mood swings, and got knows what other problems.

I will be focusing on studying Al Brooks further, though I know that I could still continue doing whatever I have garnered from earlier study and still be profitable if I follow money management and keep my awareness of my psychological barriers sharp.

This is the hardest easy money a man can make.

And I have decided to resume posting again – it makes me reason out my trades clearly and makes me more responsible.

Coincidentally like @GaryD I too had a conversation with my wife two days ago about full time trading. And my wife was a gem with her support. She said that I can focus full time and she will take care all the chores that I currently do such as dropping off the kids to school, being their playmate in the evening, i.e. everything that currently takes up my time before and after my day job - and also continuing to work fulltime for bringing home a steady pay. Rock solid base to launch a TraderShuttle I say. Only that my NASA brain is not ready for the countdown yet. One half-step at a time. A giant leap for ManKind (with WomanKind's support).