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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

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.