7/19/17: Return of the night of the dawn of the son of the palindrome.

So, yeah. I’m having “Shit or get off the pot” itis. I can’t keep doing what I’m doing, and I’d be a fool to think that any other firm is going to be any better than this one.

So it’s time for me to come up with another income plan and start making it happen.

My current candidate is Forex trading. I day traded for a few years in a couple stints back in the 2000s and I was pretty good at it. I had really shitty money management skills though. I didn’t QUITE realize how much of a thing it was. But now, running some simulations I’m starting to agree with Van Tharp, that money management and exit strategy is PROBABLY more important than your entry price and thesis.

It sounds like a strange thing to say, and I’m not going to go in to the particulars just yet. But “cutting your losers short and letting your winners run” is how you turn the probabilities to your advantage.

So it’s back to school with me. Lord knows I’ve already got the library. I’m most of the way through the first Anna Coulling book. She’s positively excellent for this stuff. Trading the currency exchanges is a much different beast than trading equities. Though I fully expect I’m going to do a lot of that as well.

Also I went back and did another of the Roguelikedev lessons. I somehow let that slip and had almost forgotten about it. I SUSPECT I was trying to trick myself out of finishing it now that I’m getting towards the end. That’s…an unfortunate thing I do sometimes. Leave projects at 90%. I haven’t really decoded it. But it’s on my short list of shit to fucking sort out.

But it’s time to call the broker, get my old account reinstated, and check the funding requirements for currency trading.

This is going to be fun.

*cracks knuckles*

2 thoughts on “7/19/17: Return of the night of the dawn of the son of the palindrome.”

    1. Fun Fact: I’ve done this before. I just REALLY sucked at it.

      The biggest problem has been that, while working on Wall Street, I’ve had pretty amazing regulatory constraints. So I could never trade in parallel with my day job. I had to just quit and wing it.

      But now that I’m in the *cough* grocery industry I can get this all up to speed at nights and such, so I don’t have the truly amazing amount of pressure that comes with “trading for the milk money” which really screwed up my edge last time around.

Leave a Reply

Your email address will not be published. Required fields are marked *