Feels like its been a while since I journal/blog. I wanted to write down how I felt about listening to Roland Wolf's interview on B the Trader podcast (excellent podcast btw). Roland talks about when the markets are not hot, he goes into capital preservation mode and doesn't trade as much. It was good to hear him say this and confirm what I've been doing lately is right. It's tough when you are trading for a living, to sit on the sidelines when you know the markets are somewhat cold and still see everybody posting about making money on twitter/profitly, etc etc. I've always been pretty diciplined about this, but its good to reinforce this thinking with Roland's views. 

For me, I made around $65k in just 3 months or so this year. I think it was August - July off the top of my head. It was great. I just stuck with pre-market shorting garbage as it was up. When September rolled around, we got a little bit of those in the beginning, but it was definitely slower. I still went about what I was doing, as my philosophy through it all was to keep doing it until it didn't work anymore. Not going to lie- when you have a 90% win rate doing something, you think it's going to last forever and you get a feeling of euphoria Lol. I thought I could hit $200k by year end towards the end of this run! When I caught myself thinking that, I was like "oh shyt" because that was the point where my psychology was screwed. When I noticed this, I pulled the money out and started again with $29k which was a smart thing to do. I ended up getting a nose surgery (which I'm still recovering from) and trading alot less. Ever since then I had some success pre-market, but its not like it was. I'm pretty much break even since. I decided to go into capital preservation and do some traveling to close out the year. I will probably swing trade OTC pump and dumps while I travel, since those are stress free and easy. 

Won't be looking to trade with IB anymore and I've already filed to open an LLC business account with Cobra (asset protection purposes). It's $200/month to have the account if you don't trade much, so when I'm done traveling, I'll transfer the money over. Gotta have shares to short if you want to short. IB just not good for that. 

In the past when I was under PDT, I found myself taking some trades overnight that I didn't want to just because I didn't want to waste a day trade. Now, I find myself with IB staying in a short I don't really want to be in early because of shares to short. Also, you can't average up when the POS has a pop. Terrible all together! I used to deal with it when the market was hot and I could put up with it, but now it is terrible! Whoever is doing it, don't do it Lol! 

Anyway, I like to write these blogs as months from now or whatever, I can look back and reflect how far I've come. Pretty cool.