Down to about $90k, where would you park it if your trading skills were trash?

zghorner said:
It was built in the late 60s...thank God the walls aren't plaster I've heard about those with wire mesh? and they sound like a nightmare.

I wish they were oak but they are pine...still good grain though being so old. I have a respirator I'll wear when sanding.

The kitchen and dining room were covered in laminate tile glued down with black mastic glue (yes it tested positive for asbestos). Had to scrape it all up with a heat gun and putty knife...then had to liquify the remaining glue with diesel to scrape it up (none of the non toxic floor adhesive removers would touch it). Probably the most horrendous job I've ever done honestly. If I ever run into it again ill just cover with tile or something else.

This is what I get for trading like shit haha.
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Be very careful about asbestos dusts. Your respirator may not be good enough to filter out microscopic dust particles.

A cause of some lung cancers. Not worth the risks.
 
ironchef said:
This is the best advice and analysis I have seen. Follow it (and read Bennett, Hull) if you ever want to get back to trading:
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No doubt that is top-tier advice. Did he post it in this thread?

Maybe one day I will revisit options, "the learning curve is high" is the truest statement ever. I just have severe doubt that I will ever get it without someone holding my hand. My math is fairly weak, never took calculus...basic level college algebra was a challenge even. Reading "trading volatility" currently and it is good...but still I just don't think I am at a skill level to pull much out of it.
 
ironchef said:
Be very careful about asbestos dusts. Your respirator may not be good enough to filter out microscopic dust particles.

A cause of some lung cancers. Not worth the risks.
More...
Yea the good thing is asbestos is its really only threat when in dust form and inhaled...using a heat gun to scrap the stuff up was no danger as it doesn't really vaporize/has an extremely high melting point.
 
zghorner said:
It was built in the late 60s...thank God the walls aren't plaster I've heard about those with wire mesh? and they sound like a nightmare.

I wish they were oak but they are pine...still good grain though being so old. I have a respirator I'll wear when sanding.

The kitchen and dining room were covered in laminate tile glued down with black mastic glue (yes it tested positive for asbestos). Had to scrape it all up with a heat gun and putty knife...then had to liquify the remaining glue with diesel to scrape it up (none of the non toxic floor adhesive removers would touch it). Probably the most horrendous job I've ever done honestly. If I ever run into it again ill just cover with tile or something else.

This is what I get for trading like shit haha.
More...
I spent a year remodeling the family home that was built in the 20s on the North Shore of Chi. 4500SF of lathe, wire and plaster -> drywall. It was a nightmare, yeah. Full basement made of huge concrete blocks that I had to chisel and re-mortar. It took me 12 hours/day for 100 days inside a damp basement on 90+ degree days. 1995. Grandpa stashed 90oz of gold in the walls (Krugerrands).
 
zghorner said:
No doubt that is top-tier advice. Did he post it in this thread?

Maybe one day I will revisit options, "the learning curve is high" is the truest statement ever. I just have severe doubt that I will ever get it without someone holding my hand. My math is fairly weak, never took calculus...basic level college algebra was a challenge even. Reading "trading volatility" currently and it is good...but still I just don't think I am at a skill level to pull much out of it.
More...
https://www.elitetrader.com/et/thre...ading-mentor-short-term-trading.380129/page-2
 
zghorner said:
No doubt that is top-tier advice. Did he post it in this thread?

Maybe one day I will revisit options, "the learning curve is high" is the truest statement ever. I just have severe doubt that I will ever get it without someone holding my hand. My math is fairly weak, never took calculus...basic level college algebra was a challenge even. Reading "trading volatility" currently and it is good...but still I just don't think I am at a skill level to pull much out of it.
More...
After you are done with Trading Volatility, if you have time in between remodeling, read Taleb's two classics: Black Swan and Fooled By Randomness. No maths needed.
 
ironchef said:
After you are done with Trading Volatility, if you have time in between remodeling, read Taleb's two classics: Black Swan and Fooled By Randomness. No maths needed.
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I've read FBR but not black swan. That thread you quoted is really good I guess I missed most of it.

Also, handle123s post linked by poop is insane.

Good stuff, thank you.
 
zghorner said:
I've read FBR but not black swan. That thread you quoted is really good I guess I missed most of it.

Also, handle123s post linked by poop is insane.

Good stuff, thank you.
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We are both amateur retails, so I understand and share your pain. To win, we have to find a path, less traveled.

I have been paper day trading stocks for over a year (couldn't find a good way to back test scalping tick by tick PA). Finally came to the same conclusion @poopy stated in his posts. It is hard to win when you started out already behind the 8 ball.

I am overall profitable on paper but I think it is an illusion.
 
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