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1/x 2021 Trading Goals
There's something about writing down goals that makes the likelihood of that goal being achieved increase dramatically. I don't know why it works, but it definitely works. Some of these might seem kind of odd, but they make sense to me.
Anyway, here goes...
There's something about writing down goals that makes the likelihood of that goal being achieved increase dramatically. I don't know why it works, but it definitely works. Some of these might seem kind of odd, but they make sense to me.
Anyway, here goes...
2/x
Fish more & get outdoors more. Some ppl like meditating or yoga, I like starting my day outdoors - preferably fishing. It helps mindset which helps trading. Also, I don't think it's healthy to sit in front a computer all day. Need to get up & move more in 2021.
Fish more & get outdoors more. Some ppl like meditating or yoga, I like starting my day outdoors - preferably fishing. It helps mindset which helps trading. Also, I don't think it's healthy to sit in front a computer all day. Need to get up & move more in 2021.
3/x
Pay off mortgage. Prior to trading, I worked for a major biotech for 15 yrs - also flipped houses at the same time. So, I'd work in a lab, come home & work on the house. Main thing that I learned during various crashes was I didn't want to have 100% of my net worth in stocks.
Pay off mortgage. Prior to trading, I worked for a major biotech for 15 yrs - also flipped houses at the same time. So, I'd work in a lab, come home & work on the house. Main thing that I learned during various crashes was I didn't want to have 100% of my net worth in stocks.
4/x
Plan for various levels of $VIX in 3 buckets: ST stuff, swing trades, & LT forever holds. For ex, high $VIX 60-80 = ST stuff & LT buys, no swings. Low $VIX <20 = More swings, less ST stuff, & no LT buys. So, 3 levers that I can push or pull back to cover any market situation.
Plan for various levels of $VIX in 3 buckets: ST stuff, swing trades, & LT forever holds. For ex, high $VIX 60-80 = ST stuff & LT buys, no swings. Low $VIX <20 = More swings, less ST stuff, & no LT buys. So, 3 levers that I can push or pull back to cover any market situation.
5/x
Swing trade ETFs on 65m charts (long/short) - mainly ARK funds, but all ETFs are fair game. Also, relying on 4H charts for futs for market direction.
Swing trade ETFs on 65m charts (long/short) - mainly ARK funds, but all ETFs are fair game. Also, relying on 4H charts for futs for market direction.
6/x
Swing trade small bios on 130m (long only). I have a background in bio & I remember just enough of it to make some trades. Small bios trade like call options - extremely volatile. 5m charts don't work well on small bios (just my experience) - need another system for high vol.
Swing trade small bios on 130m (long only). I have a background in bio & I remember just enough of it to make some trades. Small bios trade like call options - extremely volatile. 5m charts don't work well on small bios (just my experience) - need another system for high vol.
7/x
Convert some ST trading accts into LT funds when $NAA150R <13%. Only happens every few yrs - may not happen in 2021, but when it does I want to take advantage for LT holds (boring mutual fund stuff).
Convert some ST trading accts into LT funds when $NAA150R <13%. Only happens every few yrs - may not happen in 2021, but when it does I want to take advantage for LT holds (boring mutual fund stuff).
8/x
Plan for custodial acct(s) for daughter. She doesn't have any earned income yet, but basically I want to set her up for life as best I can as soon as I can. Need to figure out a plan there in 2021, so far just have a small cash acct set aside for her.
Plan for custodial acct(s) for daughter. She doesn't have any earned income yet, but basically I want to set her up for life as best I can as soon as I can. Need to figure out a plan there in 2021, so far just have a small cash acct set aside for her.
9/x
Depending on how things go w/ everything else going on, get back into options. Blew up a small acct in 2019 ($10K) & put myself in the penalty box for a yr. (This was prob the worst yr ever to be in the penalty box). Hopefully I've learned enough this yr to give it another go
Depending on how things go w/ everything else going on, get back into options. Blew up a small acct in 2019 ($10K) & put myself in the penalty box for a yr. (This was prob the worst yr ever to be in the penalty box). Hopefully I've learned enough this yr to give it another go
10/10
OK, that's enough goals. See how many that I can cross off in 2021. If you haven't made goals for next yr, maybe give it some thought & write them down. Just the simple act of writing them down helps.
Happy New Year!
OK, that's enough goals. See how many that I can cross off in 2021. If you haven't made goals for next yr, maybe give it some thought & write them down. Just the simple act of writing them down helps.
Happy New Year!
