Ahh I see now, good luck, if you hit it big, I agree it's a good idea to pull out some risk capital and reinvest in non trading assets. So easy to blow up. A good friend of mine recently blew up big time and destroyed a trading account he spent 20 years building. So much of a hit to his psyche that he had to quit trading completely. He couldn't even look at the screens anymore.
For those whi have hung in with this journal thus far, I applaud you. After all I have called Surf satan because of his disdain for TA. I have relived moments in my real life that may or may not actually benefit anyone, including myself. I have been bragadocious and even insisted that people follow me on collective 2 and instagram. (That was done so that I might troll certain members of ET) In all seriousness this is a legit journal that will chronicle my comeback. As a Southern boy who spent more than a few days in church I believe in certain principles even if I don't subscribe to any particular faith or dogma. For example, call those things that are not as though they are. Seek and you dhall find. I am not talking about Jesus. My references are only applicable to trading and the mindset that I believe is necessary to over come the drawdowns - especially the mental/emotional ones. Without works faith is dead (still talking about trading and that alone). Here is the checklist that I will go through each morning, courtesy of bar charts. This is new and meant to stop the bleeding. Paper cuts are no fun!
Wow! I couldn't even imagine. Your friend obviously had an edge, among other things, to do it that long, successfully - no matter how this last run turned out.
Yes. I am only looking to see the overall picture, and also, to look for similar patterns that show up on multiple time frames.
High probability trader had something similar happen to him in the first decade of the new millenium. He posted a video as he was cursing and throwing his stuff around. That took some balls. I see that he is trading again. (The futures tanked over the weekend) In 2015 I wasn't trading and really had no plans to try again. There is something to be said about people who go public with that info. It is probably therapeutic too.
He used to have a really popular blog in 2005. He would make like $700 a day for weeks on end and then have huge drawdowns. Sort of like a modern day Livermore. Can you imagine how ET would troll Jesse if he traded today?