dojirock wrote:Plan is to build a small army of strategies to act as a investment portfolio. The insights and experiences over the last year have been changing my perception on risk and the market.
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no trades today triggered.
Have a great weekend market warriors!
I'm going to take a guess. Less risk per trade, protect your capital like you'll never get anymore and diversify?
Yea for sure, its never really bothered me over the last 6 years. Now im asking myself, how long can I continue to do this without experiencing burnout? For six years now i have moved from forex to futures, scalped my butt off, (reaped the rewards month in and month out) but never grew my account, or saved it. I spent it because I knew I could always trade more. I sold my businesses almost 2 years ago now, obtained my health and life licenses, tax and accounting licenses, series 65, and almost ready to test out on my series 66, series 7 and SIE licenses. I love my new part time job, making relationships with clients, hearing their dreams and goals and im very passionate about helping them obtain those goals. Risk, planning, and tax planning can change a persons world in just a few years financially. Im in my late 50's and Im feeling its time to build and utilize compound interest (rule of 72 is my favorite) while minimizing risk. The markets have been so volatile and will probably remain this way for at least another 24 months. Higher time frame, lower risk bots is a realistic possibility. My goal for the next 12 trading months (i will stop in November and start again in late January)is to build the account and trade less.