Updates...

So starting to become frustrated with my trading.

While I have been going over my Jan010 trades, I have noticed common problems:

A. I have issues with position sizing for the account. I need to learn how to scale into a position. Started with 1:1 and ended up 14:1 on the account, only to have it go the direction I was feeling after I was stopped out (was short cable). This leads me to show that my logic is correct, it is just my timing and Risk Management that needs to be addressed.

B. Time commitment. I cannot afford to sit in front of the computer trading a demo account. Simply as that. Paper Profits cannot pay bills. Even if it is for the track record.

C. Capital. I Cannot deem trading anything under $100k. It doesn't pay the bills, even on good months. Unless there is salary involved (even if its small). Seeing how my trading methodology is based on sustainability, you cannot be sustainable when you cannot pay your bills.


Starting to come to conclusion that trading is becoming a hobby and not a goal. I take two steps forward, and three back. Work is slow, but not slow enough to give me adequate time to trade. Slow means no money, this is leaving me to look for a second job just to pay rent. Becoming worried that if I even get into Quantitative Economics @ university for September, I will not have enough cash to stay there. Becoming a sink or swim mindset...paying my way into a prop firm will put me another $5k into debt (making $10k) but has the possibility to push my foot in the door for a track record (prop firm pays 50% commission). But if I preform poorly, then I am out 5k and I go home to $10k of debts with a terrible job. I honestly do not know what to do anymore other than get a second job and try to keep afloat.




“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.”