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Tonight I am in hospital after the second emergency surgery on my ear this year. After 3 surgeries in 2 years, and 4th ear infection of the year ….
I’m good for now and the hospital & staff are awesome (we are soooo lucky in Australia).
But here’s the cool part of the story.
A few weeks/months ago I looked at single points of failure in our trading business. One of my solutions was to set up a “tech pack” with mouse, power plugs, batteries and I have a spare small laptop that has AB etc on it.
This morning I had 15 minutes notice that I needed to present to emergency for this surgery. So I grabbed a backpack, my tech pack and the spare laptop, and left home. It was super easy and I didn’t need to think or stress whether I had everything I needed (or not).
Whilst waiting around in hospital, I was able to run my daily P & L, daily backtest and exploration/load trades for tonight.
No business interruption. I could have gotten family to do it for me, but I love what I do … and its given me something inspiring to work on in hospital
Moral of the story: take your trading business seriously. Yes, the markets have not been kind to the P& L lately, but during this period I have invested more hours than ever to improve and refine my trading.
Its not just about HOW or WHAT system you trade, its about the structures, the admin, tax planning, rules, backups, mindset …
I’ve also been thinking about what happens when I made X profit, where/how will I structure funds? Planning in advance instead of reacting emotionally to events as they happen …
PS – I’m a big believer in mindset. It has been fascinating to listen to other patients in the hospital play the victim with whatever family drama / illness they may have.
Having gratitude speeds up the healing process. Being accountable and not playing the blame game makes the nursing staff here want to help you more.
I’m sure the same applies for Nick and Craig. The more we help ourselves, the more they want to help us excel and achieve our trading goals
Update
Completed a revision of the new ranking system. Performance is very similar to the previous system, difference is the results don’t produce large quantities of shares with the same rank number on exploration.
Craig taught me to look at charts with indicators and think of ideas (for trading systems or otherwise). It took me about an hour of thinking and playing to come up with a different variation of the rank that produced similar results. You can get quite creative.
The last 4 – 6 weeks has been harder than usual to develop systems. I guess 18 months of continued ear infections, surgeries and antibiotics is starting to wear me down. For example, I easily forget things (like what day of the week it is). All my energy is invested into trading and outside of that … I’ve consciously let a few things go (eg cleaning the house). Its all about priorities at the moment, and outside of my health, achieving my trading goals is a priority.
The more I work on the trading systems, the less I worry about the current results / drawdowns … whatever. Trading everyday has become a habit, just like brushing my teeth. When the profits come again, I will feel like I’ve earnt them for sure !
Heading to the Sunshine Coast for a mini break this weekend.
Next week will get back to revamping my first day trade system.
Happy trading everyone
Update:
Weekend getaway postponed due to rain and an unexpected post surgery complication.
Worked over the weekend to get the first day trade strategy launched … this has been done now.
Reviewed brokerage costs since launching higher price minimum for day trade. Costs are down average 15% – 20% per trade.
Reviewed overall P & L for 6x trading systems (started at end of 2020 and added systems every 6 months). Overall, am making a small loss on all systems combined (4x Chartist systems, 2x Day trade systems). It seems its just bad timing and the systems are still healthy and robust.
Created a spreadsheet to work out when/if I need to rebalance portfolios, especially in relation to the portfolios that use margin. So far I’ve had 3 trading days where my equity has fallen below 10% and orders have been frozen by IB. Aim is to avoid (where possible) this happening in the future so I can get as close to the backtest as possible.
Next, will be working on my trading plan and setting some more goals. I’ve achieved most of my trading goals this year. I have very loose financial trading goals, as I can’t control the market, but I do set lots of “doing goals” … eg create new system, research X module on mentor course, review trading system performance
Finally, the final (fingers x) surgery is booked for Monday. I pay to go private, as the wait is only 5 weeks vs 3 years public (and getting a crippling ear infection every 4-6 weeks). The cost increase since my Nov ’21 surgery is 90% … and its pretty much the same procedure. Inflation is
Think its time for the market gods to be kind and let us earn some money yeah ? Who is with me on giving an offering to the trading gods ?
What is the process?
Do we throw someone into a volcano and pray? Who wants to volunteer? Julian ?? Nick ???
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