Feb Updates

Finally have the bike fixed up. I took some time today to polish the head light, clean the exhaust pipe and repaint some things that needed painted. On top of that, while I was fixing the bike out in a parking spot in front of the apartment, out of nowhere a red pickup truck with an older bearded guy pulled up and handed me a business card and told me "If you ever need any work done I work on sport bikes."

I thought to myself "What the hell is this guy doing here??"

Well, turns out he lives in this complex and was told he can no longer work on his bike on the complex property because he leaves a mess... My maintenance guy came running up telling me that this guy video taped me working on the bike and sent it in to the office. What an asshole. I always clean up after myself, and this lazy person who doesn't has to ruin it for me. Either way, if I want to wash my bike, I'm gonna do it. If I need work done on my bike, I'm going to do it...

As far as the trading goes, I have started running the portfolio on my high performance rig at the same time and have noticed that my older computer has internet problems that my rig doesn't have. I will probably be switching over to just this rig for trading the portfolio. Possibly spending some money to have a newer dedicated rig just for the trading portfolio... but we'll see. After expenses and everything in the last 7 months, I've got about $21,000 total to trade with. Spending on dental crap and all that necessities I have turned out to be more expensive than I wanted. There is a truck wash in town that is hiring between $12.50-$15.00/hr. That would easily enable me to put consistent capital into the business. That's all for now.

How to lose $42 in 2 hours

Home today so I figured I'd check out the markets for a bit and give it a go. Decided to trade large today so as not to be around much, but because I couldn't leave a profit at a profit, I defeated my reasoning for larger size.

I must admit, the price action was pretty decent for the lack of news and although I ended the day at a small loss (pips) I certainly could have done a better job managing the profitable trades I was a part of. Here are the charts.

There was definitely a point where I was wanting to jus

t walk away for the day and be done with it, but I saw the chart setting up several times and stuck around. For my first day trading in a while, it was not too bad, but very stressful. I traded way too big for my comfort. I tried to stay objective to my position and look at the price action and what it was telling me regardless. If it was not moving in my favor I had to take that as a sign to get out and take a large loss (dollar wise). The last little bit was easier to stay in because the EURO has just been diving off a cliff lately. If this were a sideways market I'd have had a lot harder time staying short.

The good things I did was focus on shorting because of the overall trend. It took effort, but I did not try to hold on for unrealistic moves, which honestly hurt my ability to come back positive on the day as I left a ton on the table. Never the less, it was a learning exercise.

Here are some color concepts for the new bike. Just fooling around.