Things were going pleasantly inside Stocklabs and I was trading like a real pro. I was made to look professional, zipping in and out of stocks for sport and profit. Then I stumbled into the Playboy mansion and was summarily raped, shed 10% in a doubled sized position. I was also then capsized in two others stocks for 9% drubbings. Seeing the market moving higher, I immediately stopped trying to trade like a pro and instead took most of my cash to possess a market position, slightly geared towards alpha.
By 2:30pm I waned and was heaving over like a fat pig, up only 35bps.
But then into the final hour I wore the armor of a champion, went out there and applied leverage to my account and came out ahead by 166bps.
Why do I tell you this?
Not to boast. I am reminding you that there are times you need to step aside and let the market move and there are other times when you’re tuned in and you can outrun the market. Most times I am able to outrun the market. But over the past two weeks I have shed 10% from the highs. That’s not much, especially since I am +160% YTD — but I felt it. The money isn’t important but the confidence is important. When confidence is high, trades come easy and the ideas flow. We are only human.
Stocklabs has launched only for Exodus users and we are working thru the beta trial, fixing bugs and adding features in preparation for a general audience launch. I can tell you without equivocation, it is the only thing I will ever use when trading and once you’re inside you will appreciate all of the detailed effort we put into it.
I am exhausted and have been running a chaotic schedule. I am back to cutting and at the gym or tennis 5 days per week. I depart for Savannah in mid April and could use a vacation.
NO BOOZE, NO CARBS, NO FUN — just work.If you enjoy the content at iBankCoin, please follow us on Twitter