Aug 232015
 

I was replying to a post at BMT and I looked for an example chart to use in my reply, so I googled about volume composite and clicked “images” and took the first chart.  When I pasted the link, I was surprised that it was one of my charts from my blog!  That reminded me that I have a blog!  I had kind of forgotten.

I can’t believe it’s been over 1 year since I last posted to my blog.  So I thought I’d take a few minutes to write an update.  A couple years ago I accepted an exciting consulting offer to redesign the architecture for a bank.  It’s been a great experience for me.  It’s also about the time we had our son.  Between the two I haven’t had much free time.  I stopped participating in forums (except once in a while someone wakes up an old thread and I get an email notification), etc.

But I still kept on trading.  I did get very selective with my trading and only trade when I’m home and the markets are moving.  This results in less trades, but it has been profitable.  I have a profit for last  year and this year as well.  So I’m happy about that.

A week ago I had some time to think about all this while laying on the beach in the Cote d’Azur.  I wrote out a list of goals for myself.  I want to win $1 SNG (poker) (I’m currently slightly better than breakeven for $0.25).  I want to redo my CV for my consulting in order to offer more services to my clients such as Agile Coach.  And then I thought about trading.  What do I do about trading?

My trading partner is taking some time off and when that happened I scaled back a bit too.  I miss many trades which is a shame because I see many that would have qualified as a setup and paid off nicely.  I felt like I was letting good opportunities pass me by, and with a little more attention I could turn it into a serious income.  So I added trading to my list and decided I wanted to make $500/month consistently.  Once I achieve that I can scale up to 2 lots.

In the past when I was trading full time I was trading 2 lots and was making money but unfortunately it wasn’t consistent.  So a few years ago I decided to accept less and go for consistency.  And a few years later I think that is the right approach for me at this time.  Kids have activities, I have a weekly class, and I help out a lot around the house.  So I had to refine my method to make it more hands off.  Typically I set up audio alerts in my areas of interest and wait for the market to come to me.  Then based on what I see, I choose to enter a limit order and go about my activities.  It’s a compromise, but it allows me to trade evenings in addition to my full time consulting business and my family.

So now I think it’s time to step it up a bit.  I want to be less passive, take a bit more risk, but most importantly, not let perfect setups pass me by.

If there is interest, I will update my blog with my results.  I’m not really interested in promoting myself, advertising my blog, posting on forums, etc.  I realized that was a hobby but not really a business.  Well some shady characters have succeeded in turning that sort of thing into a business, but I prefer not to go there.  Time is limited.  Since I’m profitable, any extra time I have is either spent trading or doing hobbies.  I’m still not sure playing poker for 30-40 minutes to make $1 is worth it, but it’s fun at least.

So if you’re still here after all these years, let me know.

 

 

 

 

  3 Responses to “Still trading..”

  1. Hey I’m still here! I enjoy your blog and your place on my RSS feed is secure. I’m another FT disciple and it sounds like we are in similar boats. I’ve got a 2 year old at home, an inconsistent track record, and am getting ready to put other work ahead of trading for the indefinite future. It hurts to do it, but clearly is necessary.
    This while my trading continues to inch forward, with a positive expectancy over my last 150 trades. (2 ticks per trade in the NQ- not positive enough!). Anyway, keep up the updates and good luck with everything,
    Ben

  2. Hi, we are here. Keep posting please )

  3. Hi, thanks a lot for your blog and hopefully everything is fine and your trading is going well

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