What the heck have I been doing?

[Anonymous]

The post title sums up my thoughts about the “trading” that I have done up until a few months ago when I first started listening to the CWT (chat with traders) and BST (better systems trader) podcasts.

My clients (completely unrelated field) universally tell me that I have an extreme propensity to do “short story long”; and hey, it helps with my career! I’ll try and spare anyone reading this of my life back story and summarize the relation to how I have gotten here:

Saw stock ticker when I was young, thought it was cool
Told dad to buy MSFT because the Xbox was coming out
[fast forward 10 years, a BA in Economics, and a small business in an unrelated field later]
Index investing via 401k: simple, boring
Bitcoin mining
Bitcoin trading manually
Bitcoin trading with bots*
Easily have lost the cost of this course in crypto buffoonery (read: not trading, because I had no idea what I was doing)

I realized that my small business was doing poorly because of my lack of desire to engage in social media, and that my desire would not change.
I determined that it was time to change careers.

The * above… I had realized that someone who actually knew what they were doing could do far better than I was – and to be clear, I was doing worse than the monkey with darts [random]. I also deduced that those people had to be out there exploiting this, cleaning up all of my losses! I fell on Nick’s episode of Chat With Traders, and, excuse the cliche phrase…”the rest is history”.

S

[GlenPeake]

Hey Seth,

Sounds like you had an “Epiphany” moment…..

I think it’s fair to say we/most/all have had similar journey’s, the nitty gritty details would be unique to the individual, but the overall structure of each ‘journey’, then finally reaching the Mentor Course, could be summarised as (and this should sound familiar)…. “The Beginner’s Cycle”…..

Well done on taking control and taking positive action to make a change with your trading!!!

[MichaelRodwell]

Awesome Seth! Welcome.

Did you skip the part of the story that goes “and then I met a girl”?

Seriously though, I agree with Glen and my story is pretty similar – the “met a girl part” is when I liquidated my ‘portfolio’ (2 holdings) and took a 15 year break…

You’re in the right place now! Good luck and very interested to see your progress!

Cheers

Mike

[Nick Radge]

Great to have you here Seth.

And as they say, ‘Next 1000 burpees’ :sick: :sick:

[MichaelRodwell]

Are we going to start Crossfit jokes on the forum ?

[GlenPeake]

WOD the heck are you talking about Mike…….

[Anonymous]

Oh boy….. this is getting out of control quickly and I like it quite a lot.

Well, the “I met a girl” / Epiphany moment has been a cumulative realization that I hated the direction of small business’ such as mine in the USA – I am completely unwilling to do the social media thing… and I’ll leave it at that. I love my clients, etc etc etc… but at the end of the day, I want to retire in as short of a time as possible! I’m aware that time is ~20 years away, but I’m going to do what I can to reduce that number.

Nick – when I first heard your ‘next 1000 trades’ adage, I did have quite a chuckle to myself! Just yesterday I was snatching and someone said to me “wow, you make it look so easy”, to which I replied the same thing that I have said for many years now and in my matter-of-fact-coaching-voice: “I’ve done ten thousand.”

Cheers to you guys, thanks for the warm welcome Glen and Mike!

[MichaelRodwell]

Glen Peake wrote:

WOD the heck are you talking about Mike…….

As long as its not Jackie or Murph I’m ok.

alrighty… I’ll leave it at that!

[TimothyStrickland]

Welcome Seth!

I have a similar story, I have probably dropped more money in trading and business courses than a college education, actually, I know I have. I have tried all kinds of tricks but in the end, Nick’s “simpler is better” method worked for me. I do a little bit of research here and there but for the most part I just stick to what Nick teaches. I abandoned most strategies I have tried in the past.

[Anonymous]

My only current strategy is buy and hold – it has done well for the past years since the GFC, which coincides exactly with when I started investing. Fortunately I have learned that investing and trading are not at all the same, and I didn’t have to learn that one with retirement money… it came from plenty of research. I’ve got a few ideas of strategies that I want to backtest and implement, and I think there is plenty of an edge to be exploited in the cryptocurrency market, but for now I need to learn the code so that I can prove it with actual software. I’m doing automated trading of a PSAR/ST and a fisher transform strategy with BTCUSD, and it is profitable.

I was first intrigued by an image of Nick’s portfolio return and how it had a straight line (reverted to cash) before the GFC. I figured, shoot, if I can learn how to do that and all I did was still buy and hold, then I could make up the value of the course before I retire! Hah.

[Author]

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