Welcome to my Shit Show

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

  1. Matt_K74

    Matt_K74

    weight: 174
    fitness: B
    weed/alcohol: Using heavily - shit week across the board, work, trading and money wise. I'm buying a second short term rental and from colorado secretary of state company registration to me saying good bye to 600 grand took the best of me. Savings are down to 200k after this - so with my current spending/college tuition projection I'll run out of money in Feb 2024. I did much better looking at this money making 4.75% in short term government debt. Way too much drama in my head though - so I'll start withdrawing from my trading account to keep the cash flow alive.

    Weekly P&L -2251 - traded sooo bad - traded manually which I rarely do and blew 3 grand in 45 minutes trading futures yesterday morning - a true master at work :). Looking forward to next week - I feel I'm getting very motivated to maximize it.
     
    #271     Jan 27, 2023
  2. easymon1

    easymon1

    Which futures did you trade? What timeframe?
     
    #272     Jan 27, 2023
  3. Matt_K74

    Matt_K74

    S&P EMinis - 5 lots - minute charts but that didn't matter - or another way to look at trimeframe is - until the 3000 were gone and i hated myself
     
    #273     Jan 27, 2023
  4. easymon1

    easymon1

    Why?
     
    #274     Jan 27, 2023
    Matt_K74 likes this.
  5. Have you reached the point where the pain is enough to make you want to do the "deep work" to make the necessary changes?
     
    #275     Jan 27, 2023
    Matt_K74 likes this.
  6. Matt:

    Just trying to help here. I'm only going off what I can gather from your posts, but your identity seems to be holding you back. I mean, we can talk about plans, discipline, etc. but until you see yourself differently (see yourself how you would ideally like to be, not how you currently are), you won't make progress. It's not always easy to make big mindset shifts but you have to start somewhere. I guess you have to decide if you're sick and tired of your current situation. Best wishes to you.


     
    #276     Jan 29, 2023
  7. Matt_K74

    Matt_K74

    I'm willing to try - do you have some specific examples (what to change or how to think differently about my identity)?
     
    #277     Jan 29, 2023
  8. You are a gambler, not a trader.

    Place the probabilities in your favor. Trade from a written trading plan that includes both rules and permissions (mostly rules). Don’t violate your rules. Any trade that you execute outside of your written plan is a stupid trade. If you don’t have a written plan, any trade that you take is stupid.

    I know nothing, but this is what helps me from being a degenerate. Best wishes!
     
    #278     Jan 29, 2023
  9. easymon1

    easymon1

    delete.jpg
     
    #279     Jan 29, 2023
  10. Matt_K74

    Matt_K74

    weight: 178
    fitness: B
    weed/alcohol: Stopped yesterday - hope it'll last for a while

    Daily P&L -1739 - Pairs trades made 4957 today, all losses came from option trades (not a surprise since direction and volatility went the wrong way)
     
    #280     Jan 30, 2023