By the way the extent of which I drew down in 2022 is around 12-13% of my all time gains.
Also made very smart investments in 2022 which passively will pay out multiples of my 2020 yearly PNL.
I didn't start a chatroom for $, I just want to help people who are dedicated.
Also made very smart investments in 2022 which passively will pay out multiples of my 2020 yearly PNL.
I didn't start a chatroom for $, I just want to help people who are dedicated.
Risk management is the #1 thing for me, I may have gotten overzealous at the start of the year but I do believe most traders were thinking along the same lines:
"I want to 2x-3x my last year"
That desire on peak size made it difficult to reconcile lower liquidity markets.
"I want to 2x-3x my last year"
That desire on peak size made it difficult to reconcile lower liquidity markets.
I also have had issues dealing with "not working everyday", something that I came a LONG way from this year but not even anywhere where I want to be.
I never took time off and, even when I did, I felt kind of empty.
That also contributed to wanting to force the market.
I never took time off and, even when I did, I felt kind of empty.
That also contributed to wanting to force the market.
I had a lot of savings and the money I had in the bank from consistently and diligently wiring out felt meaningless to stack more capital instead of using it for growth.
I felt like I should have enough 'cushion' to pay off my tax liability of 2021 in literally 2 months.
I felt like I should have enough 'cushion' to pay off my tax liability of 2021 in literally 2 months.
That could've been the case and I felt like I should enjoy my life and retire around February but then I couldn't shake the urge to trade. I was getting way too many needs met: spontaneity, progress, comradery, growth, creativity etc...
Turns out that my advice is...
Turns out that my advice is...
...as true today as it was when I first started out.
You are never above the laws of trading, no matter how high you sit.
"All of the capital in your account is up for grabs in the market, you have to accept that when you leave it in there"
Hence I took larger DD than...
You are never above the laws of trading, no matter how high you sit.
"All of the capital in your account is up for grabs in the market, you have to accept that when you leave it in there"
Hence I took larger DD than...
...I should've, feeling meaninglessness in wiring out more and more when the number no longer excited me or made me feel any more or less secure.
I felt I was going to be able to detach from the need to make money, eventually able to quit the grind and take only A+ setups.
I felt I was going to be able to detach from the need to make money, eventually able to quit the grind and take only A+ setups.
In the end, I was caught with my fear of missing out, greed, identity issues and a reckless ambition to make more of what I didn't necessarily need.
All of those factors lead me to a 12-13% drawdown in one of the toughest environments I've ever dealt with.
All of those factors lead me to a 12-13% drawdown in one of the toughest environments I've ever dealt with.
I know what to do next time and I know how much I took for granted. It's a small price to pay for the gratitude I feel and the immense amount of progress I made as a result.
I've been more inspired/motivated to trade well than even when I was starting out.
I've been more inspired/motivated to trade well than even when I was starting out.
I've been performing the best I have ever performed and I am 100% confident in my ability to take advantage whenever it comes.
I have already made significant progress when the market started to align for me, in flow more often and seeing clearly- cutting excuses.
End.
I have already made significant progress when the market started to align for me, in flow more often and seeing clearly- cutting excuses.
End.
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