I guess what it comes down to is that trading is what I do when I don't have anything else going on. And after being gone all day with a boatload of lots open, I hate to be in a position where I am gone for sometimes 8 hours or more at a time. If I had a driver and traded while driving, that would be ideal.
I have been so buried in service calls it isnt funny, which is good. It only takes so much time to take care of some Alpaca and chase after some rent.
All the Alpacas are sheared. We had a baby alpaca friday. So there isn't much going on, but service calls which I never want to turn down because it decreases business when you don't provide reliable service, which to me does NOT includes denying someone service when they call because you dont feel like working or something. The distances I have been driving are crazy.
Always in the past when I am not trading a live account, I always had a demo acct or two going. I guess I dont trade anymore demo accounts and for me a micro account is like a demo account, very little money at risk.
So I guess until I can be assured the new guy I hired can cover all the calls,
I will be doing service calls. The kids are home for the summer. So sitting here trading with them all day and night doesn't sound like my best choice.
I guess I am too conservative to have too much at risk with no stop loss orders while away from the wheel all day with the meter running and not knowing which way it is going. That was one of the largest contributing factors to my loss on 3/17/08. I was away from the market for 8 or 10 hours only to find I got creamed that day long after it was over. Up until that point I just didnt think there could be a fall that fast in such a short period of time. I had been winning for so long before that, that I got sloppy.
I am a bit more excitied about my p2 interest which it appears pretty soon here will supply more than enough money all by itself to cover everything we need. SO I guess I am limiting my risk and in the back of my mind there is always the thought that we could be in for another hard fall for which the recovery will take a very long time.
I don't think we can get below 209.50 but it is possible that things could retreat back into the 207's. The GU is looking strong and what is interesting to note: just before the 3/17 GJ crash GU was just off its high of ALMOST 204.00. GU is heading back up or has been. It looks like RIGHT NOW would be a great time to short GU as it looks severly overbought on the daily.
'But is could jump up another 100 pips before it tanks. It looks almost certain.
And oddly enough if GU tanks GJ should tank with it, but it could go opposite like on 3/17. SO I am always aware of her downward fast fury. So for now I am happy taking $300-500 a week from my broker until I have more money to risk (money I really dont need).
I guess for me it is more gambling in my mind than a business even though I keep telling myself I have to treat it like a business. But in business I never lose money, like I can and have in forex in the past.
Quote:
Originally Posted by Andrewunknown
So why do you trade with so little capital in your brokerage account, relative to what your net worth seems to be, Elijah? I don't mean to pry, but I wouldn't ask if I didn't expect a candid answer. I know trading the Guppy is as much (or more of) a source of enjoyment and a hobby for you as a profit-making activity; but why not put more capital into something your already doing, anyway, on the line with a strategy in which you have implicit confidence?
Perhaps it would seem too much like business, then. Or maybe you're working up to the point. I remember having a few posts we exchange about time-cost: why not make your investment of time more valuable?
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