A short monologue by a trader reflecting on the psychological and practical lessons of trading as primary income. The speaker discusses loss of confidence during a 14–16 month drawdown, the need to diversify strategies and income (seasonal strategies, part-time work), and the lifestyle impacts of taking non-trading work. The speaker also recommends sharing accumulated trading knowledge after years of experience.
Having confidence in the systems like the last year. I guess this goes for a lot of trend for momentum traders.
Their return is not positive. Like, like for one and a half years I'm, I'm in a drawdown and that takes a lot of confidence. Emotional pain, especially when this is your main income and trading is my main income. I have some other incomes but not generating consistent profits in the last, let's say.
14 to 16 months had a huge impact on my confidence like personality wise and realizing this and I say okay, take a step back, what can you do now? Okay, you can add different strategies like season seasonal strategies and this makes your overall portfolio much more consistent. And then just remembering, okay.
The time is not the best time for trend following momentum strategies. And this is part of the game. And so.
If you want to stay long term, yeah you need to get more different strategies. You also have to consider maybe taking a job on top to not drain my trading capital. And these are like a lot of lessons or.
Thoughts. I.
Kept the last eight months because it's not only taking a job, it's like also impacting my whole lifestyle. Like I want to get up early in the morning and do my two hour yoga session. Like this is very important for me. And so if I take a job, a part time job like and say look I, I can work from 10 to 15 maybe. Yeah, it's like you don't get many results back so yeah, so it's good to have confidence and also maybe diversify your income let's say instead of just trade. Also it's good to start sharing your knowledge because you accumulate a lot of knowledge when you trade over eight years. And there's a lot of theoretical knowledge but there's also some like experience which you cannot read. And sharing this experience with other people, it's also.
Very satisfying and you get different income so you're more resistance against the market fluctuation which is also good. And yeah, these are like learnings I had.
