This is a blog post to set multiple records strait and hi light my own flaws which I need to work on. I've wiped out my trading history because it has been tainted with trades that I have done in both mine and my grandfathers account, and I am looking at being as transparent as possible to the investment community and to myself. I took the challenge on over a year ago, and quit my full time job to trade in order to fulfill my dreams of making a lot and being free to be my own boss. Since the start of the challenge in my account, i'm currently down around $1.5kish, and I've been stuck in a 3k dollar amount range which I'm trying to figure out how to get consistency. Part of the reason why I haven't uploaded many of my etrade trades was because I was having trouble uploading them to profitly and I got lazy and didn't want to upload over 30+ trades. From now on i'm going to make out a promissory note to myself to see if I can upload all trades to profitly and push to kick my damn lazy habits once and for all! I'm a 25 (going on 26) grown ass man living with my parents. (not that I have a problem with them, but eventually, the baby bird needs to leave the nest) I am grateful for them for being so patient and understanding of me and my grandfather who set up a college fund for me early on, to which I now use to pursue my real dream. (If I ever make it, then i'm dedicating my success to him and my parents as they mean everything to me)
My top two biggest flaws I need to work on are laziness and discipline. I say i'm going to do a simple task like waking up early and often I don't do it. Or watching more of the dvd content and I don't do it. I've been waiting for that spark to be sustained in me where i reach a point and say, "enough is enough! can't take this lazy pathetic existence of a life anymore!" (but it still hasn't happened). my other flaw is discipline. Often I find myself making semi good trades, but I end up getting trade happy when I get a couple of wins and think I can just be a gunslinger and trade anything and lose most or all of the gains and i'm back down to square one. What has kept me in the game so long without losing $$ is that I invoke a prevent defense in my account. When my account value gets to a certain point, it causes me to be very picky with my trades and only look for the easy layup setups with usually small size. then I trade not so great setups after the win to boost my account value even more so I can take a bigger position on the next trade to which i'll lose and i'm back down to square one. Often times i'm a gambling addict, and i'll tell myself to paper trade, one live trade 2-3 times a week, or don't trade at all and just watch in order to reign myself in but I don't stick to my plan. There's a lot of problems I need to fix and in an effort to fix them, I will do my best to be transparent and share my thoughts openly and trades.
Bottom line: I know I can be successful IF.......IF I can fix these habits (easier said then done) good luck to all who trade and may we profit and prosper to the fullest!