Re: Discipline

FINZtv — Wed, 14 Jan 2009 19:51:04 -0000

Thanks for stopping by FINZ.tv. We're so excited to have Brasil61 blogging with us. He's a great teacher and hopefully lots of traders, amateur and professional, can learn something from him.

Re: Discipline

firebones — Wed, 14 Jan 2009 00:06:47 -0000

I'm working on a longer post about what I did between September and December and how I got about 125% return on around $17K of sweep money. I had three theories, two of which were right (the range of $AAPL, and puts against the $SPY) and one that was a disaster ($USO as hedge against October surprises, which was walking into a propeller blade). Most of the rest of the theories were profitable-to-neutral; a lot of little wins with $AMZN, a few losses here and there. December was largely neutral; a couple of $AAPL flips for wins, but offset by my education in $SRS. The volatility and psychology were so messed up, and the news cycle so predictable, that it was akin to that surfing feeling @brasil61 describes.

Thanks for all the great lessons (and great post you linked to above, BTW). There are many areas where I do have expertise; active trading is not one of them, so it's interesting to conduct an open experiment in learning, if only to try to help keep myself honest.

Firebones - Latest Comments in Discipline

Re: Discipline

Re: Discipline