Starting 6 August, 2018 I will be trading from my new business account, Pipville LLC. {image} Thanks to Oanda for reimbursing all the wire fees involved in moving money around to get this account opened: Oanda-->Credit Union-->Bank-->Oanda. The entire process took less than three days, including Oanda crediting me for my July rebate--which usually takes about ten days before I see it in my account. It is amazing how quickly things happen when Oanda wants to minimize my time-off.I'm planning to trade from two hours before NY opens to London...
{quote} this is all for tax purposes only right? like roughly how much of improvement of tax savings we're talking about here between individual vs corp?
Meanwhile:
https://www.investopedia.com/article...ve-trading.asp
Great to see you back here at the Factory.
First day trading the new Account. I was too excited and woke up really early, 
then went for a run at midnight and started trading 30 minutes before Frankfort opened, on this no-news day.
Not much movement then, and I didn't make a positive basket until London opened and started -G, +A, +C. I focused too much on +A vs C and N when the action was mostly +U, +A, +C and -G. Finally figured that out, and wrapped up trading before NY opened today.
then went for a run at midnight and started trading 30 minutes before Frankfort opened, on this no-news day.Not much movement then, and I didn't make a positive basket until London opened and started -G, +A, +C. I focused too much on +A vs C and N when the action was mostly +U, +A, +C and -G. Finally figured that out, and wrapped up trading before NY opened today.
- #225
- Aug 6, 2018 9:50am Aug 6, 2018 9:50am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
First day trading the new Account. I was too excited and woke up really early,
Time to have a talk with myself.
Yesterday I had three trades open, and was waiting for them to come into profit. Instead of keeping my charts open, and paying attention for the best possible exit I was busy watching Youtube videos and randomly checking my trades by phone between videos. That laziness cost me several thousand dollars as I exited these trades on my phone, at bad prices, and with wi-fi slippage. Dude, seriously. Pay attention to work, even when you're tired and feeling lazy.
Today I waited for C and U news, then jumped into a series of poorly planned trades that had no momentum. Meanwhile, I ignored the larger picture of +J (Daily/Weekly, Monthly charts) and then finally remembered that -N Rate news last night had N still making new lows on -NJ and -NU. It took way too long to finally get into a sensible trade and finish the day just above b/e.
Today should have been a +8% to 10% day, had I simply paid attention to -N after the N rate news last night, and sold NU and NJ. At least I racked up a lot of credit towards this month's volume rebate, but that is no excuse for sloppy thinking and trading. Dude, use that sand-timer, chill, take a better look at the charts, review major recent news and have a better plan at the open of each trading day. Way too much catch-up happening on most days.
The good news this week is that I've managed to find my way back into profit each day, and have been running 4-7km every morning before starting each trading day
Yesterday I had three trades open, and was waiting for them to come into profit. Instead of keeping my charts open, and paying attention for the best possible exit I was busy watching Youtube videos and randomly checking my trades by phone between videos. That laziness cost me several thousand dollars as I exited these trades on my phone, at bad prices, and with wi-fi slippage. Dude, seriously. Pay attention to work, even when you're tired and feeling lazy.
Today I waited for C and U news, then jumped into a series of poorly planned trades that had no momentum. Meanwhile, I ignored the larger picture of +J (Daily/Weekly, Monthly charts) and then finally remembered that -N Rate news last night had N still making new lows on -NJ and -NU. It took way too long to finally get into a sensible trade and finish the day just above b/e.
Today should have been a +8% to 10% day, had I simply paid attention to -N after the N rate news last night, and sold NU and NJ. At least I racked up a lot of credit towards this month's volume rebate, but that is no excuse for sloppy thinking and trading. Dude, use that sand-timer, chill, take a better look at the charts, review major recent news and have a better plan at the open of each trading day. Way too much catch-up happening on most days.
The good news this week is that I've managed to find my way back into profit each day, and have been running 4-7km every morning before starting each trading day
- #235
- Aug 12, 2018 9:19am Aug 12, 2018 9:19am
- Joined May 2017 | Status: Trader | 2,047 Posts
Time to have a talk with myself. Yesterday I had three trades open, and was waiting for them to come into profit. Instead of keeping my charts open, and paying attention for the best possible exit I was busy watching Youtube videos and randomly checking my trades by phone between videos. That laziness cost me several thousand dollars as I exited these trades on my phone, at bad prices, and with wi-fi slippage. Dude, seriously. Pay attention to work, even when you're tired and feeling lazy.
I guess it's summer time laziness. At least I called it like that. Barely managed 3.3% last week. Which is far below my weekly target . Need to put my shit together as well!
- #236
- Aug 12, 2018 10:12am Aug 12, 2018 10:12am
{quote} Great job. Sounds like me a little.
+3.3% is still a great week!
Let's catch those waves this week!
I'm watching:
-NU, -GU, +EG, +AN, +EC, +GC, +AC, +UC, +EN, +GN, -GJ, -NJ.