Welcome to my Shit Show

Discussion in 'Journals' started by Matt_K74, Jul 5, 2022.

  1. Matt_K74

    Matt_K74

    weight: 179
    fitness: C
    weed/alcohol: using
    sleep: C
    trading plan execution: A
    Daily P&L 4281 - got lucky today
     
    #191     Aug 23, 2022
  2. Matt_K74

    Matt_K74

    weight: 180 - last bike race of the season on Saturday - sucks to be 10 pounds over race weight :(
    fitness: B
    weed/alcohol: using
    sleep: A
    trading plan execution: A
    Daily P&L 3381
     
    #192     Aug 24, 2022
  3. easymon1

    easymon1

    How long ago did you realize that would suck?
    How does that make you feel now?
    Were you raised Catholic?

    Easy now, lol. Food for thought. Why you beat yourself up for crap you don't take steps to "correct"? What ever "the correct way" means. That's the way that you do it whether you like it or not is your choice. Whether or not you do something about it is what makes your decision correct. You are the boss of you. Know what I mean Vern? If ya decide to do or not do something is up to you as an adult. You wanna smoke dope. do it. You wanna fart? Fart Proudly, You Own the joint. It is the least you deserve in your own damn house. 2cents, lol.

    Catholic guilt - Wikipedia
    Catholic guilt is the reported excess guilt felt by Catholics and lapsed Catholics. ... Guilt is a by-product of an informed conscience but "Catholic" guilt is ...
     
    Last edited: Aug 24, 2022
    #193     Aug 24, 2022
    spy and Matt_K74 like this.
  4. Matt_K74

    Matt_K74

    weight: 179
    fitness: B
    weed/alcohol: using
    sleep: B
    trading plan execution: A
    Daily P&L 4338 - I guess fireworx will b tomorrow where this week's profits can go up in flames
     
    #194     Aug 25, 2022
  5. Matt_K74

    Matt_K74

    weight: 179
    fitness: A
    weed/alcohol: using
    sleep: C
    trading plan execution: A
    Daily P&L -11722 killer day - weekly P&L -3850
     
    #195     Aug 26, 2022
    easymon1 likes this.
  6. easymon1

    easymon1

     
    #196     Aug 26, 2022
  7. deaddog

    deaddog

    I've noticed that trading plan execution is A for the most part.
    Without revealing too much, what makes up your trading plan.
    Should there be something to limit Killer days
     
    #197     Aug 27, 2022
    easymon1 likes this.
  8. cowmoo99

    cowmoo99

    Just piggbacking on MattK's journal (as I trade primarily similar strategy, thetagang and also a bit of pairs trading).

    My weekly performance(+0.32%); YTD: 17.11%:
    main portfolio is blue, benchmarks are the other colors in ascending performance, BRK.A, SPY, QQQ
    [​IMG]

    This year has been very challenging as we have been primarily in a bear market - so I've been buying tons of puts on any bear market rally. I really don't care about chasing performance with benchmark - but hedging myself. (And when market really crashes, I have the liquidity to buy really cheap or sell expensive premium).
     
    #198     Aug 27, 2022
    Matt_K74 and sysdevel99 like this.
  9. Matt_K74

    Matt_K74

    Unfortunately the cost of getting into and out of trades is pretty high on options (wide spreads even on liquid options like EEM MSFT ..) so the limit killer is hard to implement. I could have reduced my size before the jackson hole thing - but it can obviously go both ways, so as long as I stay within my limits I'm ok - think this way - I lose < 1% - the indexes did way worse.
    I usually start with a trading execution of A - then if I mess up the process it degrades. The process can be easily messed up when I over-leverage (had a good run and am pushing my luck - that's a C at best) - when I under-leverage - as positions go against me (since i'm short puts on the wheel) I usually get more leveraged by default or if I don't check the pair trading candidates. The pairs trades can be run without checks - but in general I make sure that the individual symbols aren't part of SEC investigations, mergers ...
     
    #199     Aug 27, 2022
  10. Matt_K74

    Matt_K74

    Keep posting - I like the comparison. I don't like the yearly gap but let's keep comparing weeklies since we're trading similar strategies.
     
    #200     Aug 27, 2022