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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Thursday, May 18, 2017

Quick update

I'm buried but thought I would do a 2 minute update.

1. I am neck deep in the project I started last week. This is at least a month long project and perhaps several more.

2. I am still trading (poorly) Last two weeks have been net draw down. My own fault. I was short all day today....against all common sense and indicator crutches to the contrary. I continue to trade against the crutches and I continue to mismanage perfectly good trades.

3. I am taking tomorrow off from trading. I need to process nearly ten days of losing....small losers to be sure but losers nonetheless. Combined, they represent a nearly 5% draw down from the equity high.

4. Its not the system or method. Its me. I feel WAY out of the zone compared to the week I made $5000.

5. Meditation has gone great...mostly. I had a great winning day in the middle of all this losing and I visualized a super winning day prior to it starting.

6. I should get my car back in a day or two after the shop has completed the repairs it needed after being stolen almost 2 months ago.

7. I won't be posting very frequently due to the project I am working on. If you want to know, its a forensic project on a major mortgage fraud case involving one of the largest US banks and a REIT. Its boring and tedious but it pays really well. Its like looking for a needle in a very large haystack. If you ever wonder why litigation costs so much, its because of work like this. Paying lots of people really good money to find evidence that might not be there. I working on a file right now that has 253 documents inside it and each document has between 5 and 75 pages with the occaisional 175 page document. This one probably has 1200-2000 pages in it. We are doing a sample of 800 of these files with 7000 more to follow. Millions are being spent just to find evidence. Fun times.

8. Stay tuned and hopefully you are trading better than me.....

2 comments:

  1. good to hear from you and congrats on the well-paying project. i wish i could get something like that and take like a month or two off from the markets. i think it'd be nice - a jesse livermore thing to do except he didn't work, of course.

    def. take the day off from trading. looks like this whole comey thing is gonna linger around for a while

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    Replies
    1. I'd rather not need the project...but since trading isn't paying all the bills all of the time, when I get these kinds of gigs, I take them....they take the pressure off for a few months for sure.

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