New Year New Strategy! Here we go...

May 14th, 2021, 11:25 PM

Today was an a-hole.

Well it was for me anyway. Had a few whipsaws to start. Then climbed to $500+ until I lost patience and moved my next sitting entry like 20 points down to go short.

Well the market decided to grind higher at an absolutely mind melting frozen molasses pace for hours.

I had another entry sitting and moved it down another 15-20 points only to have it grind for hours higher more to my original target entry!

So impatience cost me on two counts.

I took two contracts off near the end of the day as the market swhooshed in my favor and let the remainder ride for the weekend. I'll manage on the other side.

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May 15th, 2021, 07:56 PM

I was just going over my stats and holy shit the day I increased my account 5 fold (April 22) I LOST %32.15 of it THAT day!

So for every $1000 in my account I added till it was $5000.

Then that SAME DAY (this is all the day the funds were available to trade) I lost $1607.50 for every $5000 in the account.

You can see I LOST MORE that day then I had in the account to begin with!

I knew this and posted about it at the time but still is still crazy how the jump in funds like that compromised my ability to trade correctly. Even downright terrible.

I have since then recovered 2/3rds of that back. Not all of it, but getting there.

I'm hoping to eventually be able to pull something of a tangible size amount out of the account to signal to myself I can do this vs ALWAYS adding. Then continue to try to build the account for awhile.

We'll see.

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May 18th, 2021, 08:19 AM

So exited!!!!

Reading "The mental game" by Jared Tendler. "Misbehavior of Markets" (again) by Benoit Mandelbrot.

Now I just got my preordered copy of "Noise" by Daniel Kahneman!!!

This is gonna be a good week.

I'll update after reading book a bit.

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New Year New Strategy! Here we go...

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New Year New Strategy! Here we go...