Thanks for sharing Nodoji. Have been fighting the same thought process for 4.5 years. I am slowly but surely starting to realize that the trend is your friend.
Thanks for advice and a good reminder. I did this in Sep and Oct and did quite well. Reverted back to pushing it again and it was obviously costly. Glad I am keeping this journal. It keeps me honest.
I am at that point of not making money for a substantial amount of time. Finally starting to realize what you are saying about focusing. Although I agree with your statement on downsizing, I think there is a time and place for it that helps get you back to focusing. Worrying about the money aspect is another part of the equation. This has held me back. Just have to accept it is all part of the game and move on. Easy to say hard to do. Thanks for advice.
that is the craziest statement ever. the key to staying rich is not losing your money and be aggressive when things are going your way.
I have heard "be aggressive when things are going your way". The question is can one do this and stay disciplined at the same time; I doubt most can because most end up really pushing the envelope and take on too much risk. I personally loose focus when I do because I end up taking too much risk and we all know where that leads (i.e. the last 4- 5 weeks after my good run). Simply my viewpoint, not trying to bash your statement.
i mean aggressive as in your current style and trade a lot less when your doing poorly. i don't agree or disagree with you. you should do what you think is right because you are the only one who lives with the outcome.
Week ended 12/23/11 +2100 Happy to have a positive week. Decided to paper trade the basket strat the last 2 weeks of the year. This week would have been a wash even with the move in the market. Pairs did nothing this week; pretty much a wash. Typical for lower volatility although I am starting to notice drift again. If VIX drops below 20, time to make a serious adjustment at how I will trade them going forward. I told myself to watch for this so glad to be on the look out this time. Futures were decent. I sized down, stayed disciplined, and took only high prob setups with the trend. Looking to finish the year on a positive note.
Week ended 12/30/11 +7100 Dec 2011 -1100 2011 -31k Ended out the week on a good note. It was a mix of strategies that contributed to the positive week in both accounts although my year end trade performed nicely the last 2 days of the year. Hope to keep this momentum going into 2012. It was a year I would like to forget but also a year where I have learned a lot. This is the first time in my trading career where I have lost money for the year. As much as I went through both on the trading and personal front I'm surprised it was not worse although 31k is not pocket change. I am looking forward to 2012 to see if I can apply what I have learned through this rocky road. Good luck to all.