The truth is, I’m not as calm and collective as I pretend to be. The reason why I do 70 trades per day is because I’m always second guessing myself on the long and short side. I’m more or less dust in the wind and travel wherever the wind takes me, almost the complete opposite of my life which I conduct in a more obstinate unforgiving manner.
I’ll load up and unload in a span of 15 mins because of a single red candle. Or, I’ll hedge up dramatically because some news came out that spooked me. Towards the end of the session I’ll load up on stocks at 52 week highs only to discard them at the open for little gains, just to buy back way more aggressive stocks 10 mins later.
If my returns weren’t so good, I’d worry about my trading. But I’m averaging +155% over the past 4 years so perhaps this form of neurotically driven angst in my trading is the way to go.
Could I perform at the same level if I was managing money again?
Of course!
Only a moron would think differently. But I don’t like to manage money and also I don’t want to make too much money. It might make me happy or worse — lazy.
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Sounds dialed in to me!