40yo's new career or bust

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Originally posted by AAAintheBeltway


40,

I don't remember all the trade management logic of your system but if a 40k loss will blow you out in real life, how can you potentially take a one day15k one on paper? You could be finished in two days.
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Sorry, I was just kidding. I'm tired and thought I'd pay tribute to the naysayers. Lots of losses can happen when volatility remains constant and whipsaws takeover the market for extended periods. Both events have to happen together to have large drawdowns. Normally, I see one or the other, but not both. Today, the volaility has died down...so far. Whenever it increases, I'll be trading at my largest size, so it won't take long to make it all back. As I've said before, if the volatility dies, my 40k will go down the tubes. HERE's TO A VOLATILE NOVEMBER, brother.
(typed with a raised glass of milk)...............
 
Originally posted by 40yotrader
Today, the volaility has died down...so far. Whenever it increases, I'll be trading at my largest size, so it won't take long to make it all back. As I've said before, if the volatility dies, my 40k will go down the tubes.
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Why not include the option of not trading at all unless there is a certain minimum of volatility? I certainly didn't lose anything by stopping at 1130 today. In fact, I lose very little by stopping at 1130 most days recently.

--Db
 
I've really been moved by your journal man and want to thank you for sharing it all with us. Your story has some similarities with mine so I can really relate.

Anyway, I wish you all the best.

:)
 
40,

A few quotes to put you in the right frame of mind for tomorrow .....

Great spirits have always encountered violent opposition from mediocre minds (Einstein)

Only those who dare to fail greatly can ever achieve greatly (R.F.Kennedy)

Be sure you put your feet in the right place then stand firm (Lincoln)

He is richest who is content with the least (Socrates)

Courage is resistance to fear, mastery of fear - not absence of fear (Twain)
 
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