I buy him dinner if he calls me a kid. I wish I were a kid again.
You realize what you just said? If you average $1K a day, you made $250K a year. Unless you live in SF, NYC, you don't need your day job.
Too Many Traders Are Cry Babies...
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You realize what you just said? If you average $1K a day, you made $250K a year. Unless you live in SF, NYC, you don't need your day job.
I buy him dinner if he calls me a kid. I wish I were a kid again.
You realize what you just said? If you average $1K a day, you made $250K a year. Unless you live in SF, NYC, you don't need your day job.
Yes, I realized that. But it has NOT been a year yet. I don't count my chickens before they hatch. If after a year, I net $250K then I will say, "Hmm.. Not bad."
But it will not quit my day job. My goal is $5K/day. That's my freedom point.
In my career space, $250K or even much higher is quite normal for big cities. I purposely decided not to live in big expensive cities(NYC, SF) thus not making that amount though I get recruiters trying to lure me every week. I've been struggling with this. The tyranny of choices. I'm currently being actively recruited by big tech companies. But I like to live in my smaller less expensive city. I'm sure their pay packages will be higher than I've ever made in the past. But I still like where I am because it allows me the freedom to do both trading and work. If I work at a "prestigious" big company then I'll no longer have time and energy to do my passion(trading).
A lot of people think I'm wasting my time, academic credentials(top schools undergrad and grad school), etc. But I don't feel like I need to follow the crowd. It's been a struggle inside of me of what society thinks I should do and what I know in the depth of my heart what I should be doing.
Anyhow, I feel I like I'm getting closer and closer on my path to my freedom point of $5k/day. I might not hit that target in a year and will incur expensive opportunity cost of not taking one of those "big pay package from big companies in big cities". Every year that I don't hit my $5k/day average is costing me a lot. If I do hit that then I don't need any big prestigious job.
When I do hit that target, then I'll be a "free" man. I know @dozu888 will say I'm an idiot and should take one of those big pay package jobs and just save and invest on the side and give up on trading. lol.
This requires DEEP FAITH that things will turn out as part of the plan the Universe has for me. There's no rational proof but just an intuition about things unfolding...
I'm sure once I hit $5K/day average, then I will move the goal post to something higher. hehe. Kaizen. Constant and never ending improvements.
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Be careful of recruiters from big companies, they play the numbers game.
It sounds to me like you've got a good head on your shoulders and are making good decisions
Thanks for admonition. But there's nothing wrong with recruiters. That's how I've gotten my other jobs in the past. My only concern is that if that's a good use of everyone's time. Especially if I don't have my entire heart into it.
Sorry man! I didn't follow your admonitions! I went into room 237. Now I'm up $878. So $178 up from my overnight session gains of $700. Trading 1 lots. Peanuts. Had I been trading my normal size I will be up a lot more. Preserving gains instead of executing my edge. Suboptimal behavior.
In my IRA account, I'm up $103. It could have been up $800. Last night I shorted but was too chicken shit to hold! So I covered at a slight loss. Made it back up this morning.
I need to change a few more things to take my trading to the next level.
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oh yea! Made $1274 on my regular account. I could have many multiples of that. I was trading too conservatively. But then it went against me. In the back of my voice, I heard @Overnight voice telling I TOLD YOU SO! LOL.
I held on. I thought about doubling down and buying 10 more lots. But then another voice told me what happened if you are wrong then you will wipe out all of your gains for the day and then @Overnight I TOLD YOU SO will be true! LOL.
But I held on. Then it steadily recovered. Got out 2 lots at so so profits. Should have held everything longer. Held one lot left and got out at the very top of that move! Max MFE! at least that's what it looks like now. Had I kept all 3 lots and exit at the top it would be glorious. Next time.
Or had I had the cajones to double down and buy 10 additional lots at the lows then I would have been up an additional $4K! that would push my day's total to my ideal target of $5K.
Not there yet as a trader. This is progress. But I still have a ways to go in terms of my timing and thinking to be a $5K/day trader. But doubling down would NOT be the best approach. The best approach is to continue to REFINE my entry so that I don't have to sit through that drawdowns.
For the IRA account, made a pittance $229. but better than being down $500 earlier.
@Overnight , I avoided GC and NQ. Total focus on my baby NG. hehe. Thanks for that pointer!
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And non Western countries and regions don't have free enterprise? Japan is a shithole?
You fail to realize it isn't America that made you who you are. Look at your ethnicity and culture.
You would be just as successful in Japan or Korea.
1)Who the fuck cares about grey market imports. So let's get a country to drain it's FX reserves by importing more. Brillant idea. More consumption. Netflix for everyone!
2)Show us which financial services lags. There are more financial services available there than there are State side.
You mean just like nationalism running full steam over here?
I'm all for improving peoples's lifes, you however are willing to throw your own birth culture away because you have found one that works for you and thought was responsible for your success. Imagine a Brit telling the Queen to get fucked and throwing shit at Westminster. Or France melting down the Eiffel Tower and putting up a Mcdonalds. @dozu888 you truly are a piece of shit if you believe that.
I've done that a couple of times myself. A glorious feeling for sure. Can you still hear the market beckoning you with "Come play with us" in stereo?
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I'm done for the day! I think... LOL. I have other non-trading stuff I have to attend to.
It would have been more glorious if I held all 3 lots. Or better yet 15 lots. LOL. Next time. Kaizen. Constant and Never ending.
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5K/day average or 5k/day?