Welcome to my Shit Show

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

  1. So the whole weed/alcohol thing is part of your identify. Do you see yourself as a drinker / pot smoker? If you can flip the switch so it's not a matter of stopping -- it's just not who you are anymore, that changes everything.

     
    #281     Jan 30, 2023
    Matt_K74 likes this.
  2. hilmy83

    hilmy83

    Like I've said before, give up the alcohol. You can keep the weed if you want.

    Alcohol is a poison. I don't think i've seen anybody's life ruined by weed lol
     
    #282     Jan 31, 2023
    comagnum likes this.
  3. easymon1

    easymon1

    My two cents worth says do what you will about the weed/booze/sugar/chocolate thing.
    Lotsa people do weed/booze/etc and handle they business affairs just fine, eg Hunter B.
    Do weed/booze show a correlation to P/L in black and white? How much?

    But before you go on that wild goose chase why not get to the cutting edge of
    your situation and verify the effectiveness of your trading plan.
    What makes you think that it works?
     
    Last edited: Jan 31, 2023
    #283     Jan 31, 2023
  4. Matt_K74

    Matt_K74

    weight: 178
    fitness: B
    Followed plan all day and day went in my direction - could have done without the end of day rally.

    Daily P&L 2574 - all from options - pairs trades lost -737 today.
    I need to start distributions from my trading account - otherwise I'll run out of money in Feb 2024 - so I'll start distributing 7.000 each month.
    Monthly performance: 23447
    Raw trading performance (account growth if there were no distributions): 30447
    Hoping Feb looks similar
     
    #284     Jan 31, 2023
  5. Matt_K74

    Matt_K74

    It's hard to define what "works" means.
    Here's the data i have:
    It works most days, it works most month, it works most years.
    It's highly skewed towards small winners and large losers.
    It usually works better than putting a similar amount of $$$ into the S&P.
    It didn't work last year, it didn't work in 2016.
     
    #285     Jan 31, 2023
    sysdevel99 and easymon1 like this.
  6. Matt_K74

    Matt_K74

    weight: 178
    fitness: B
    Followed plan all day and still sucked. Got my work cut out for me this month.

    Daily P&L -7794 - equal split - pairs trades lost 4167 - options lost the rest
     
    #286     Feb 1, 2023
  7. How confident are you in the plan?

     
    #287     Feb 1, 2023
  8. Matt_K74

    Matt_K74

    Still confident - these outlier days are painful.
    I make money from little moves and noise in the market - if there is an actual signal I often get crushed. Having said that usually the option premium gain accounts for these monster move days but today it didn't. Same with pairs trades - they were up before the announcement
     
    #288     Feb 1, 2023
    formikatrading likes this.
  9. Matt_K74

    Matt_K74

    weight: 177
    fitness: F - talking about painful - may have cracked two ribs moving furniture into the new rental - in serious pain without meds right now.

    Weekly P&L -6670 - outlier days are not my friend - things are more deteriorating than improving right now but i'm mostly pissed that i'm in pain all day long
     
    #289     Feb 4, 2023
  10. Do you think that pain contributed to the results?

    No substances to report?

     
    #290     Feb 4, 2023