Today’s sucky results
-$891.78
Man, today sucked. After Friday, I was pretty stressed out over the weekend. I am feeling money pressure. It isn’t that I don’t have enough to live on, it is just that I am not making anything from trading recently. One thing that has become painfully clear to me since August is that the pressure to do well is having a negative effect on my trading. The pressure isn’t all about money, it is also related to time and ego. I have been trading for 10 months now and I am getting close to the point where I had planned on knowing whether or not I can do this for a living.
Honestly, if the next 10 months are the same as the last 10 months, it is not enough. It is enough to live on, but it isn’t enough to build up. I don’t think I can continue to only trade for a living.
I have come to the conclusion that I will contine to put my focus on trading, but I will probably get another job or some consistent work during non-market hours. I have done pretty well this year - up about 75% so far - but it isn’t as much as I’d like and it is barely enough to live on. The problem is that I started with too little money and too much confidence.
Getting 75% return on my money will be great if I have another source of income, so hopefully I can do that. I have a lot of free time in the evenings anyway, so my plan is to have income from trading and another job. I’m diversifying myself.
I’ll admit, it is depressing. I don’t want to be somebody’s chump and have a boss and less freedom. But I’ve got to do what I’ve got to do. At least I will be able to coninute to trade and focus on trading.
I only trade until 1pm, so not doing other work seems kind of lazy of me anyway.
I also plan to put more focus on developing an automated trading system. This may give me more time to do other things and it would be a way to continue to trade without the negative effects of pressure.
