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former leveraged discretionary

Joined December 2022
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informed dog her costume is in the mail
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tracking to plan
awakened by a rush of vyvanse+ket delivered via iv. combined fat loss/hair loss reversal/turmeric pill tastes like skittles. its 2031. todays nflx ppv execution starts in 5 min. need to hit the over on time of death to refi the california rolls subscription. bitcoin is at 83179
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55% daily win rate 10% daily stop loss (momoing pnl) 50% average daily limit usage 1:1 win/loss ratio yields ≈100% median cagr while enabling leverage from risk controls and consistency risk on/off agnostic building sample size and trajectory, semblance of a profession
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at 52% win rate cagr = 0 game of inches
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final summer sunday
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currencies respond to vibe shifts. they are coins. dont trust the industry of fx gigabrain explainers. do they make $15m on 3 sharpe?
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q3 voucher deployed
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last weeks usdjpy selling seemed weirdly organic 155 break today prob gets trend and rules based to close yen shorts and gets spec excited into fed/boj 152 tough one to crack tho short term
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6 year old really nailed it with +crox/-nke and +amzn/-duol
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401k opened at first job + years of contributions purest representation of long term views 20+yr cagr below tbills a reminder trading is a task and not an expression of personal views teapawt.net/pnlcorrect/status/2042…
allocated everything to the pros end of an era quit while ahead
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no idea when this xau move ends, but seen some exit because of 200dma revisit (reasonable on 1st touch) and "ppl lesser than me are long" (lame, surrendering agency, ngmi mindset) to a passive observer id rather go w round number hold + inconvenient (circled) momentum
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boj needs to hit it again in coming days
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this is partially why i push for low status daytrading so often. its a controlled chaos workable compromise between the upside of letting loose and damage control. but its also grueling and hard to adhere to beyond a certain pnl and age.
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unlike some psychopaths ive met blessed with the temperament to trade forever into astronomical numbers, i knew i could never outrun my flaws and needed to quit while the going was good.
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i doubt/hope any of this applies to you. i do know this job is highly personal and everyone needs to identify his own strengths and defects and figure out how to manage around them. copying other peoples techniques and ideas will never cut it.
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so i stopped trading ideas and calibrated for pnl instead. results were predictable. a normal well-adjusted human person accepts losses as cost of business and resets. i would disappear into my customized spiral of disgrace and compound a routine loss into a crisis for no reason
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but the same delusion ensured drawdowns would be comically prolonged: since i believed i controlled outcomes, losses were avoidable personal failures. rather than a tough market, it was my fault. to erase the mistakes and unbearable shame, i had to make it back. immediately.
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good trades are objectively rare yet i had unlimited ideas at all times + full conviction: max short gbpnok first day back from vacation, selling more palladium from hospital bathroom after child was born, etc. i had the drive to work all waking hours and the results were alright
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shameful memories 50%+ existential drawdowns shouldnt happen to experienced short-term market neutral traders, but i managed to do it twice back to back. “edge” is mostly a bullshit interview/newsletter topic. but if i had one, it was pure delusion of exceptionalism.
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to have 250k/year all in spend (nice, nothing crazy) in retirement you need 250k/3.5% = 7.15m, assuming: - respectable 100k starting stack - casual 40% rentec medallion returns - controlled spend - zero drawdowns itll still take about 20 years to get there after taxes
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what im trying to say is enjoy this, make the most of it, but always have a plan for less accommodating environments. we are perpetually 1 argument, 10 lines of coke, and 20 errant clicks from nuking it all. no matter what the ytd says.
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