Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Monday, October 30, 2017


This has parallels in trading but is true across all areas of life.

As I was thinking about things this morning, it occurred to me that joy comes not from the fruit of the labor but from the labor itself.

There is pleasure in the thinking, the planning, the strategy implementation and finally realizing the outcome, good or bad. Truthfully, well thought out, well planned and properly implemented plans that fail are just as good at producing pleasure as ones that do not for we cannot know the outcome in advance and therefore carry equal amounts of pleasure and uncertainty.

The fruit of labor is nothing more than the result of planning and implementation carried to its natural conclusion. A man can enjoy that fruit with extreme satisfaction knowing the effort, thought and planning that went into producing that fruit.

I'm not certain where this thought came from but I suspect it came from the moments of quiet and meditation I have been enjoying in the mornings these last few weeks. I know its not earth shattering or particularly deep but for me it was insightful and motivating as my goal has always been the fruit and not the pleasure of the labor. From now on I will pursue the pleasure of the labor and let the fruit develop on its own.

Sunday, September 17, 2017

Extended Hiatus

I've been gone for awhile and I will be gone for an undetermined amount of time. I've been doing consulting work over the summer and that is finally over at least for now. However, since last September, a major bank has been after me to work for them. I put them off for a long time until after my father passed and then I didn't feel like working after that. Then the consulting thing came along and I did that for a while but the bank came calling again a couple of months ago with a better offer.

I took them up on that offer and I finished my training last week in Chicago. I am a full on employee again. I will be working 40+ hours a week in the mortgage business and truthfully I am fairly excited about it. I am good at it and I know I can make mid low six figures a year. Plus there are great benefits which my family needs.

However, I do not intend to abandon trading altogether. While I am probably done as a day trader, I am looking forward to switching to forex as a long term swing trader using daily, weekly and monthly charts and holding for weeks and potentially months.

Day trading simply has not produced the sustainable gains that I had hoped. I am not sure I have the temperament for it. I like instant satisfaction when I am sitting in front of the machine. With longer term trading, I feel like a set and forget strategy will be more suited for me. I'm not 100% certain about that but I have had success in the past with it and so hopefully it will repeat itself. At some point, I may come back to day trading but it will be under completely different circumstances and with much better funding than I have today. But in all honesty, I think I will give myself probably a year off before I think about coming back to day trading.

I'll still follow a couple of traders whose work I feel is important but for the most part I plan on withdrawing from day trading inputs. I need to give most of my attention to my new employer at least for the near future while I build a business to where it is self sustaining which I think will take a year.

Once I start trading forex with any degree of size, I will start posting here again. Until then, it has been fun, exciting, disappointing, frustrating, etc. I've run the emotional gamut in this trading game and yet I do not regret even one second of it. This journey has helped me grow in ways I did not know I needed to grow.

Cheers and good luck to all.

Thursday, August 17, 2017

No Bull Shit Zone

No real trades this week so far. I tried a couple yesterday prior to inventory that scratched out and one after inventory that scratched out. The bull shitters seem to be out in force this week although to be fair, they always are. Maybe I just notice it more now. I've actually been waiting for this price action the last few days but never found a way to be on board without significant risk. Maybe I don't know how to do that but rather than gamble, I'd rather just wait until the risk is both reasonable and readily observable. Neither of these seemed to be the case so this week. On the other hand, today is setting up to perhaps see a nice long break to the upside tomorrow. If the day closes without making a significant move either way, it will close green setting up a decent long signal on the daily chart. I hope to participate in that tomorrow.

On another note, I need to vent just a bit about a non trading thing. My kiddo is 15, she doesn't drive and she is a freshman in high school this year. She also made the cheer team. This means LOTS of work. Two hours a day practice, junior varsity games on Thursday, varsity games on Friday's, fundraisers every month, one or two Saturdays a month choreography and the list goes on....all this is fine, we signed up for that but what we didn't know was the head coach has an 8-5 job and coaches cheer in the evening. This means we pick our kid up at 2:45PM, go home for 90 minutes and then return to the school at 5:30-7:30 5 nights a week except on Thursdays and Friday's where she will probably get home around 10:00 after the games. She is expected to maintain good grades, be involved in other school activities plus whatever family obligations we might have.

The issue is the practice start time. The school just gave the finger to dozens of parents because the coach is a lawyer that won't change her schedule to better accommodate all these parents, many of whom have at least one job and sometimes two. I spoke to the coach and the athletic director and they both essentially gave me the finger. There was no communication about how difficult the schedule was going to be BEFORE we signed the contract to make it to all the practices, games and other events. We knew there would be lots of work but we honestly felt like we got rear ended and then to just be blown off like we were today made me realize how other parents we have know over the years who have been upset with their kid's school feel. I've always blamed the parents for being poor sports or just being assholes about it but now I understand. Its as though the school doesn't give a damn about the parents. They just want the kids on the property for as long as possible. I'm about read to have a coronary over this....and its really not that big a deal. I am more pissed over the attitude than I am over the actual issue. A for profit company would never get away with something like this. There would be blood in street.

All that said, we are leaving the decision to stay or leave the team up to our daughter. It's time for her to begin making bigger decisions that affect her future. We will walk with her through it and guide her through the pros and cons but its gonna end up being her decision. If she decides to stick with it, then there will be a ton of work to maintain grades which come first. We will do all we can to enable her to balance the load and if she decides to focus on school work and quit the team, we will do all we can to ensure her decision isn't regretted later. High school is supposed to be fun and we want to make sure she has her fair share during these next four years. Grades are important for the future (kinda) whereas cheer is not a marketable skill except in the narrowest of situations.

Back to trading.

I have a long trade on right now with minimum size. I am not convinced yet and so I am waiting for a bit more price action in my favor before adding size. So far its just sitting there going on ten minutes. It is showing some signs of heading up but still to soon to know....with the narrow ranges, the targets are fairly small, not sure if the reward is worth the risk in all honesty. This will be my second trade of the day. Both longs. I bought 46.49 early on and only took about 10-15 ticks. Of course its gone much further than that but at the time, that is what I saw as resistance to further upside. But if the day is long and it appears that it will finish that way, then the right choice would have been to hold all day. I didn't have that kind of time so I took what appeared to be the right target. I'm doing the same right now. Smallish target inside yesterday's 50% level. If it gets there that is. I think it will, that would be about the right level for a break out tomorrow.

Sunday, August 13, 2017

weekly update

This was an interesting week from a variety of standpoints. I finished up 4% after friday's trading, no charts as I didn't take any pics. However I learned a few things about myself and my trading which I noted in the blog and won't repeat here and a ton of other stuff happened as well.

My wife had a minor wrist surgery on Thursday.

I had an eye doc appointment on Friday morning.

My daughter made the high school cheer squad as a freshman (but I think everyone that tied out made it as well so not sure if this is a big deal or not) Still, she's both nervous and excited.

I had a fairly major angina attack. It hurt like heck and lasted for about 3 hours and I didn't have any nitro with me. Not fun at all.

My total weight loss for the 30 days I've been doing intermittent fasting as of this morning is 13.2 pounds. Last week I had 2 cheat days where I had a small coke and yesterday I had two pieces of pizza with maybe three swallows of coke to wash it down. I still lost a total of 2 pounds last week bringing my 30 day total to 13.2

I'm not keto yet. I never tried actually although I think I will at some point, but I have gotten rid of 99.9% of the sugar or at least extra sugar, 99.9% of the bread, rice, pasta, potatoes, etc along with reducing my portion size to probably half of what I used to eat.

I feel TONS better already, the brain fog is gone, my low blood sugar issue is no longer an issue, I can fast for 16-17 hours without unpleasant side affects ( not true the first 3-4 days) I have more energy that is sustained throughout the day. Frankly I am stunned at how well this has worked with almost no effort on my part. And to top it all off, last week I actually had the desire to work out. I have intellectually made the decision to work out in the past but I never wanted to but this week I wanted to and so I did. Of course I regretted it almost instantly as it was not easy but just like anything else, it will get easier as time goes by. I have no intention of becoming Mr Olympia, I just want to be healthy and fit again.

This feels sustainable unlike anything else I've ever done and that is what I was ultimately looking for, easy sustainability.

On a different note, I am looking for a new laptop. I want a 13 inch ultra book with a very small footprint and very lightweight and I'm having a terrible time deciding between machines. Anyone with any experience that would share with me? Just email me your ideas or suggestions. use the form at the side of the blog. It will go straight to me.

Ok, time to move on to other things this morning. Cheers.