My name is Uncle Aegeus. 4 years experience. Attempting to go full time funded trader, and documenting that process. It all started right here on babypips. After that I joined a mentorship program. Today I’m all price action and no indicators.
I approach the markets with a modern day pirate philosophy - bleed the banks and live life on your own terms.
Good luck going forward.
I hope living life on your own terms doesn’t mean fighting the Fed.
Could we see some of your documentation? Your trading journal must be impressive!
Haha! I’ll turn 41 in a few days. All my pillaging is done legally and with the assistant of an accountant.
WARNING: Diatribe incoming.
While the banks provide us traders with liquidity - which is the field upon which all of us live, move and have our being - my motivation for involvement is anything but benevolent. I have somewhat of a personal vendetta against the banks.
That indomitable will was born back in the subprime mortgage crisis. I watched the health of my father decline as he approached retirement age. I watched his 401k disappear overnight. I buried him 4 years later with all the equity he was left with - from the sale of his Harley Davidson.
He was just one of many that received the reward for their adherence to American work ethic and company loyalty. The day I put him in the ground was the day I decided I would never repeat his mistake. His economic world is now, in my opinion, for the most part dead. I mean the world where American workers were anything other than as entirely inessential and disposable as workers are in North Korea (though I’m thankful we don’t have work camps and 112 hour work weeks - unless you are in retail).
I’m not sure that my father’s economic world was ever anything but an ideal, and I follow Jung’s observation about idealism. While I was still an hourly-worker I tried to convey these ideas to my co-workers and failed, which is why I decided to start talking publicly on the internet. I want people living lives such as my father did to realize what opportunities there are available to them. All it takes is a little spark of ambition, which is more than what the average blue collar American worker possesses. I want to act as the flint on the steel. To show not by words, but by example.
There are a couple of us here who have an interest in Jung - Please do tell What “observation” you speak of ?
Hey dushimes!
I don’t know about impressive - it’s taken me 4 years to come from knowing nothing to knowing something.
The real journey has just begun. I’m in the threshold right now, just having left my job. If you google “Grow Big Trading podcast” you’ll find me. Every trade I take from January 4, 2021 onward will be analyzed on GBT.
I as well keep a Leuchtturm 1917 journal, which isn’t as much about the trades I take as it is tracking the movement of price - taking what’s showing on charts and transmuting it into a language of logic, by quarterly slices, further broken into monthly, weekly and daily. It’s how I keep a constant awareness of market flow. Since I started this, I have not once sat down to a trading day feeling lost as to what I’m doing. The old fail to plan and plan to fail…
My warfare discipline pertains to 3 arenas: Logistics, Strategy and Tactics. The journal contains logistics. The strategy is mechanical and contained on cue cards that I actually go through card-by-card closing in on execution. The tactics by nature are reactive to the market. Tactics are largely discretionary, and can either be a detriment to the strategy, or can actually inform the strategy, strengthening it.
Hey Falstaff!
Sure!
“Every form of addiction is bad, no matter whether the narcotic be alcohol or morphine or idealism.”
-Memories, Dreams, Reflections* (1962) ch. 12
I listened to a recent Chat with Traders with Brannigan Barrett. He mentioned his interest in the Stoics, and how they distinguished knowing a thing from practicing it. Really knowing something comes in with practicing it. This is especially made clear to people involving themselves in the mirror which is the market.
People become locked in a print-created world - they choose an ideal over reality. Their knowledge is strictly conceptual, and an ideal unattainable. Because it is unattainable they project the shadow out onto imagined enemies, who are the supposed fault for their inability. In observing addicts, they always have at their core a believed victimization at the hands of another. Jung’s saying that’s what idealism breeds in the self. Idealism prevents personal responsibility and growth. It’s much easier to sit on a pew and listen to why the world is against you than to go out and conquer the world.
That’s great if it is working for you. A lot of traders don’t prefer using indicators and that’s okay.