XJO 0.92% 7,889.1 s&p/asx 200

wink fails at daytrading, page-53

  1. 4,960 Posts.
    Thanks folks,
    What a fantastic and unexpected lot of support respect advice and dare I say it love.

    Just a bit of background, the last three weeks have been my annual leave (I actually have about twice that left as I am one of those stoopid people that is not good at taking "holidays") from my day job.

    this has been an experiment as such, an attemot to try day trading after fair success at it whilst holding down a full time job.

    I WILL become a successful trader, of that I have no doubt. Finding the style which suits my personality and psychological makeup is the challenge that I choose to take up.

    As per usual with human endevours, a persons expectations are often higher for the short term and lesser for the long term, and that is how I see this last little journey.

    Although the word "failure" has been pointed out as perhaps over harsh, I know, and so do all you who are successful traders, that kidding oneself about losses is a sure fire way to fail spectacularly.

    During the three weeks, i actually made some pearlers of trades, really good ones of which I am justifiably proud.

    I provided some analysis Which was spot on.

    In the majority, money management was successful, and although in net loss, it was not a complete wipeout

    I have three weeks of recorded trades, huge insights to my own trading habits, weaknesses, and strengths. Data that I can glean and analysise and pinpoint the actions and reactions that both do not and do bring success to the account.

    My rules will become tighter my discipline stronger, and my level of self knowledge greater.

    In the meantime, I am back at the day job. I must respect the guys who pay me and respect their expectations of a happy and productive wink. Prior to my annual leave this was getting borderline, as my distraction levels were huge, with analysis and trading taking up 8 + hours a day, and my day job taking up at least another 8.

    I actually do love the commpany and people i work for, and have missed them in these last three weeks.

    My job specifics I do not have the same passion for as I have for following and analysing the markets, but so be it, reality states the day job is better for my account than the trading, so would be stoopid for me to neglect that while I do not have the trading sorted. Ain't gonna stop me from learning in the meantime and pursuing study in analysis and specifics of trading and psych, til i get it right.

    Once I've got things sorted regarding trading data from these last three weeks, I do promise to chuck up a precis of my findings, perhaps not relevant to each individual and I already suspect (know) that it will underline bad habits and repition of mistakes which will closely align with rules posted in this thread by many giving contributors...

    Fortunately or unfortunately I am an individual who learns from mistakes, however slowly (lol), but apparently I DO need to make mistakes to learn, being a pig-headed self-determined arrogant idiot, with a yen to prove other people right by proving myself wrong... think that last bit needs a samll amount of work (!!) and once conquered, hahahahah try and stop me then.

    So in closing, the analysis will continue, the learning will continue, and the trading will resume.

    I will remain on HotCopper, how could I possibly disrespect all of you who give enough of damn about me as an individual to open up and communicate with me, someone you (mostly) don't even know.

    Big point though... this ridiculous opennenss of mine, a desire and determination to not bullshit you lot, has brought me more than I could possibly imagine, an acceptance in a community, a bunch of virtual friends, self confidence, and self understanding.

    I'm the one who has received the greater gifts here and I thnak you all.

    I never left so I will not return... you can't get rid of me that easy.

    AS per usual big ups to the mods and all that dwell herein my beloved HotCopper.

    And as a final note.

    YOU CAN ALL GET STUFFED!!!!!

    LOLOLOL

    ;)




 
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