Anyone else self-sabotage?

A little late to the party, but maybe the solution is actually quite simple??

I recognize all those symptoms, I would feel jittery and stressed whenever I didn't have a position in the market. It didn't take much self-reflection to realize that I needed to find a way to constantly have a position in the market, any market. In other words, daytrading, sniper trades and even short term swing trading just wasn't my jam.

So I switched to a style with much longer holding periods, i.e. running a portfolio of positions in multiple asset classes (stocks, bonds, commodities, Forex etc). Yeah, yeah I know this daytrading blasphemy, but this is what works for me. :D

My process now is more about portfolio management, macro-technical analysis and capital rotation and less about waiting patiently for a setup and timing entries/exits. Just a thought! :)
 
Dollar_McGavin said:
A little late to the party, but maybe the solution is actually quite simple??

I recognize all those symptoms, I would feel jittery and stressed whenever I didn't have a position in the market. It didn't take much self-reflection to realize that I needed to find a way to constantly have a position in the market, any market. In other words, daytrading, sniper trades and even short term swing trading just wasn't my jam.

So I switched to a style with much longer holding periods, i.e. running a portfolio of positions in multiple asset classes (stocks, bonds, commodities, Forex etc). Yeah, yeah I know this daytrading blasphemy, but this is what works for me. :D

My process now is more about portfolio management, macro-technical analysis and capital rotation and less about waiting patiently for a setup and timing entries/exits. Just a thought! :)
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Welcome to the dark side of investing...Luke it is your calling!!
 
Dollar_McGavin said:
So I switched to a style with much longer holding periods, i.e. running a portfolio of positions in multiple asset classes (stocks, bonds, commodities, Forex etc). Yeah, yeah I know this daytrading blasphemy, but this is what works for me.
More...
Be careful as managing stoploss will be difficult across multiple positions.
There's the danger you get distracted.
Dollar_McGavin said:
My process now is more about portfolio management, macro-technical analysis and capital rotation and less about waiting patiently for a setup and timing entries/exits. Just a thought! :)
More...
This bit I don't understand.
 
themickey said:
Be careful as managing stoploss will be difficult across multiple positions.
There's the danger you get distracted.
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Managing multiple stoploss is not a problem when you trade long term, I hold positions for years and often have days/weeks to time entries and exits.

themickey said:
This bit I don't understand.
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Simple principle of buying low and selling high via selling out of overvalued assets and buying undervalued assets. Part of the process is analyzing the underlying macro currents, knowing which assets to trade / hold, which assets are under-/ overvalued, have the greatest risk adjusted upside and are on the verge of a major long term trend change.
 
Dollar_McGavin said:
Managing multiple stoploss is not a problem when you trade long term, I hold positions for years and often have days/weeks to time entries and exits.
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Would you be using the same calculations and methods for stoploss on different instruments, ie for fx as for stocks, bonds etc?
 
I trade multiple stocks (up to over 70 at one time) and admit, coding, trading, living life and managing stops is a handful.
I've decided to wean my universe of trading, I'm down to about 20 atm, want to cut that down in half again.
 
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