[00:00:01] Good to be back on here. It's been a while. I like to come out when I have something to say not just for the hell of it
[00:00:06] That's why any kind of subscriptions are getting more and how to do this or how to do that in charging people's and hate in the ass Because then you have to deal with Contently keeping up with it and to me that's
[00:00:17] That's not that fun. So this is more fun I like it to be fun and playful maybe sometime later it changes but But um, anyways back to what I want to talk about today. So People who listen to this for a while know that I
[00:00:32] Started off trading futures in the background Not in the background in the short term as we're meant to say and I've done a lot of stock stuff and Kind of
[00:00:42] Worked the last few years on right to the last three to five years on longer time frames and position trades and swing trades and all this other stuff around my futures
[00:00:50] And I the message that I really want to drive home because I feel like this is kind of a big point I don't know who else out there is going through somebody else out there has to be going through something somewhere
[00:00:58] They can benefit from this and that's you There's a life that you think you want Who's you like the the ego or the character thinks that they want of life and So they start pursuing that life kind of like an external
[00:01:13] Like I'm gonna grow and be better and bigger and I've done this and I want to make more and grow and touch more people or Have bigger size or hold my trades longer and sometimes
[00:01:23] That is not coming from what you actually want to do that's coming from what you think you want to do and I believe that I might have went down that path for a long time and I
[00:01:33] Ironically what often happens is you get that when you give up on it and do what you're good at and do it You enjoy keep yourself
[00:01:40] Going productive and making money and then you also get the other thing and you start to trade smaller and develop a new strategy And all of a sudden low and behold you have both and I kind of
[00:01:50] My future strategy that I got good at and made it that's how I basically made my money that 10 15 years about or whatever it's better that Doesn't take a lot of money Eventually at some point because there's so much leverage in futures
[00:02:03] You can make hundreds and hundreds of percent on your account and I busy year 1000 even I mean it doesn't It's not it's not necessarily the same as the stock market. It's Massive leverage so what happened is when I started making more money I had extra money
[00:02:17] Am I okay? Well, I need to figure out how to trade this money now and I don't need to use it in futures because I just don't need the Yeah, I don't have enough leverage in futures So I'm gonna learn to trade stocks and I'm gonna learn to
[00:02:28] To hold longer you know stuff in both markets and earnings trades and all the stuff I worked on I tried so many things and I think I found a lot of things that I have worked pretty well actually I've had some ups and downs doing that and
[00:02:41] But in the process since I had success in one thing I was trading the other thing Probably a lot bigger than I should just because I could and this stupid Let's just not not a smart thing you do and I thought it would be
[00:02:53] I've talked with this at length another podcast. I've also talked about how You know, you think you're running the 100 meter race and you can run the 400 or the one mile Hey, racing's racing's not that was totally different you have people spending their whole lives
[00:03:07] And like an Olympic sport recording their screens studying every 20% move Doing things like that for a swim trading like a whole life just for swim trading and you have people like me We spent their whole life learning to trade index futures during the day and the amount of
[00:03:22] Learning I have in my head. I can't pass that on somebody that you could maybe sit by me for a long time And pick up a bunch of things and then add it to your style, but it's hard to even teach that because there's so much
[00:03:33] There's so much going on there. It makes like a full life that's been lived on that And if you're an investor a position trader is the same thing right and then like an a legitimate investor who has a five year holding period
[00:03:44] That's a whole another life full life Being multiple of those things in one person extremely difficult So I think in the realm of being a trader when you're when you're trading short term like day trading and going into swim trading
[00:03:58] You can do that you can add that it's not easy, but you can add that on and I tried to take on so many different things wealth management long term position What was doing it all on say at some point and
[00:04:10] I started talking myself out of what I was really good at and what started to happen is I started to trade too big and eventually I got my butt kicked this year and took some big losers And got away from myself. So after taking a few months off
[00:04:23] I've now gone back to Short-term trading because of right now is a great environment for it in the futures and I'm trading smaller to rebuild myself I'm doing great Doing way better than I then I I'm surprisingly doing better than I even thought and
[00:04:40] I mean it's funny because there's a magic that's small size you're always in the game You never feel too low or too high and you just you end up trading way bigger when you're least expected It's it's the biggest
[00:04:51] Magical secret that's high in and playing side and trading is this smaller size and it leads to bigger size It just does but you want to everyone wants to ramp it and have a linear mind and add more when they're winning
[00:05:02] It's it doesn't I've seen so many people go through this It happens when it needs to happen on its own because your process is right and because you're feeling good about what you're doing And you'll start winning and you start winning bigger
[00:05:14] So my point of this podcast though is that How mine a walk right now by the way some puffing and puffing but the the point on the podcast is that I felt like just
[00:05:25] Needed to grow like let's my my natures to grow and read and learn study like a lot of you
[00:05:29] You know always try and stuff and I start doing that just for the sake of doing it and I cost myself a lot of pain a lot of a set back and lost a lot of money
[00:05:36] That I probably didn't need to lose if I was trading smaller and the answer is well, did you get what you wanted? It's like well ultimately yeah the punch line here is Have the life that chose you
[00:05:48] Not the life that you're thinking you're choosing because a lot of times you're choosing a life You think you want for reasons that don't make a lot of sense besides your ego
[00:05:55] But really there's a deep down kind of connection that you have or a gravitation towards something that you're good at Or that you like and you'll just feel better when you're doing it and sometimes you talk yourself out of that And that's what I did and
[00:06:06] I still have interest in learning swing trading and position trading and I have a lot of Stuff that I've worked on and I believe when we get out of this kind of choppy volatile market That a lot of those things are gonna be good
[00:06:17] I'm gonna benefit from that right now. They're just not the best strategy to use so I've probably done myself a good favor
[00:06:23] It's just happened to be learning at a time and doing a lot of studying and it kind of culminated at time where it's not the best thing you do But The other stuff I've done is this is a great time for it
[00:06:34] And it always will be when it's volatile and busy and Slow grinding low volatility bull markets are crappy Index trading usually speaking so I kind of have a hedge on both sides I have stuff for that and stuff for this
[00:06:46] But I thought I had to just you know transition myself because I made this money and now I need to use it to To position trade it hold growth stocks for three months or whatever
[00:06:56] I thought I had to do and I tried all these things and it just kind of I eventually got a really far away from what brought me here in the first place is what I'm trying to say
[00:07:04] I got away from the love of the game a little bit too because it came just an angst Learning and growing and come on you can get this and that's you know this shouldn't be so bad
[00:07:13] There should be easier than what you already know and all this kind of stuff and I just didn't have that playful nature and carry out in that curious nature. I had it when I started future trades
[00:07:23] And now that I'm back doing it more and enjoying myself. I'm productive again and You know weird way I think I'm gonna hit the other goals without trying And it's like a back door and that's kind of what I wanted to talk about today
[00:07:37] It's my experience with that maybe talk about that more in depth later It would be a fun thing to do a Q&A with and just go back and forth with people because there's so much to say But I just leave it at that for now