It is for the most part - although that doesn't make it much easier - knowing your risk parameters and living through them is not the same.
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- Thread starter Matt_K74
- Start date
You are down 80K this year, what has your PnL been in previous years.
If you don't want to mention your previous PnL, did you at least make more than 80K in profits previously?
What i am really asking is, is this 80K loss from previous profits on from deposited capital?
If you don't want to mention your previous PnL, did you at least make more than 80K in profits previously?
What i am really asking is, is this 80K loss from previous profits on from deposited capital?
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I agree on the engineer type.Software development and trading...are basically polar opposites of another, different ends of the spectrum.
I hate to burst your trading dream bubble...but I don't think a software developer engineer type guy....would make a successful trader. You are, naturally, way too left, linear, brained for this kind of endeavor that is part art, part science on a daily scale.
There was a trading documentary, or more of a reality show, about trading once. And the software engineer type fared really low compared to everyone else. It was a UK show called Million Dollar Traders, or something like that.
May the Farce be with you, though, on this trading journal adventure journey,
Hopefully, you will be the exception to the rule....and print millions annually,
If I had to hire traders I would probably hire musicians, philosophers, artists, etc...
This is where numbers get blurry - a fair comparison would only be across similar leverage/size imo.Just think you make 30% on 1M and you loose 90% on 200.000 - is that good or bad? good obviously since you've made net $$$ but bad when it comes to trading ability or confidence.You are down 80K this year, what has your PnL been in previous years.
If you don't want to mention your previous PnL, did you at least make more than 80K in profits previously?
What i am really asking is, is this 80K loss from previous profits on from deposited capital?
Anyway - my worst year was 2015 with -585.000 and my best year was 2008 with 1.2M - last year I made 283.000. Since 2015 I've significantly reduced my $$$ in the market.
Boston is a fun place to go to school. Riding the T is good enough; no need to own a car.Got the cars covered - I'm fairly cheap and my high schooler has a 2002 Nissan Xterra - seems perfectly fine for a 17yo.
My daughter is in Boston studying data science and we're paying 80.000/year, the idea is that both kids get 300.000 for college, my daughter burned through her first 100.000 after the first year and summer classes.
Maybe you get lucky and the younger one goes to an in-state college. If one or both decide on becoming a doctor or a lawyer, the $300,000 per could easily double.
An undergraduate degree is like a high school diploma unless it’s a STEM degree from a top school. You need at least two degrees, a bachelors and a graduate or a professional degree, to be competitive for higher paying jobs.
Better keep hustling. The tuition bills may continue for another 8 years.
I'm not familiar with your trading style, and I'm sure you already know this, but selling premium is a negative skew strategy...
Lots of small gains, but infrequent large losses. Is that what accounts for your losses? If so, you may just be going through a rough period. Market behaviour has definitely changed.
Lots of small gains, but infrequent large losses. Is that what accounts for your losses? If so, you may just be going through a rough period. Market behaviour has definitely changed.
good obviously since you've made net $$$ but bad when it comes to trading ability or confidence.
When confidence is shot the only thing you can do is trade smaller size until the confidence returns.
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It is for the most part - although that doesn't make it much easier - knowing your risk parameters and living through them is not the same.
Yeah, we get attached to profits and don't want to give them back during a drawdown so we can end up breaking our rules. This is counter productive and normally means we miss out on further profits.
Graduate school extra.
Not every major. Engineering grad school is usually free and includes a small stipend. Unless one only qualifies for the master's program and won't do TA / RA. It's one of the few departments that actually brings in money for the school.