Wow almost a full year without a post. I'm working towards getting my trades updated. I am building spreadsheets of all my trades since I started. I am so behind on my Profitly entries it would take months w/o the auto-upload from Etrade. So I'm not really transparent but yet for me I have every trade in a journal and an excel sheet.
2020 was crazy. I started getting into options, it was good until it wasn't, and in hindsight I'm bummed I even tried to build upon Croock's strategies as it cost me from focusing on others. While my biggest gains come from options, by far my biggest cumulative $$$ loss is options and so I'm transitioning back into stocks primarily and save options for only the most primo setups on higher priced plays.
Why is rule #1 the hardest? It's so fucking obvious but my background in engineering is about doing as much analysis as it takes to not be wrong. Trading isn't governed by any rules of physics, it's human emotion, and learning to accept I'm wrong and cut my loss and even occasionally reverse my position is just so foreign. It's a struggle.
I don't participate in chat as much as I should but I'm basically in it all the time. I live on the West Coast and I get up at 3:30 AM when I need to for premarket but I'd much rather avoid that which is why I like OTC's and options (although options have so much more risk potential) so I can get started more like 5:30 AM (8:30 EST) as it disrupts life less
I am doing this full time now. But on top of being a dad/husband/avid mtn biker. Part of my day each day is dropping off and picking up kids from school and taking them to sports. I love the freedom this gives me and them to not be a slave to the 9-5 routine. I want this to work so bad. I'm not on the fastest pace as I have a lot of other responsibilities but it's coming.
There are so many awesome and inspirational people in The Challenge. Maybe one day I'll be one of them but for now it's a struggle and a grind. That's my yearly update. Good luck to anyone who reads this. "the harder your work the luckier you get" - Jackaroo 2021
I ended Jan 21 up $5300 which is not too bad in some ways but it could have been so much better if I could just take the fucking loss. Not being able to take a $400 loss so I end up taking a $3000 loss. It's just crazy.