Tuesday, September 25, 2007

Working Less

I didn't trade too much today. Instead, I built a position in DE and sweat.

I don't have my work computer up anymore, but I think I lost $300 in him. There were times I was up $800 in him and other times when I was down $1000 in him. It was a lesson for me, to hold a position the whole day and not churn in and out of it.

The thing is, I think I can trade less and make more if I put my mind to it.

August was great for me... it was a market that asked to be traded heavily. However, September is completely different, volume has declined and the swingers seem to be raking it in. And you know, longer term I think that swing trading would be healthier for me... and if I could put on a few positions and not have to obsessively watch them, I could probably "work less" so to speak.

Working less is one of my goals in life.

Work less and write more. Write less about trading.

This is all developing of course. I'm just thinking here...

Anyway, it was great to read some of the posts on Wallstreak today. Some of those guys really did well today. If you're the type who can build a position and be confident enough to let it run for you this market has been great.

So I'm going to try to do more research in the morning and make a watchlist of like, 10 stocks and look to trade them only...

We'll see. Time to watch a movie. I got September Sessions through my local library. I'll report back on it tomorrow.

No stats tonight... I'm keeping that work computer off.


artha said...


I was under the impression that you need to generate high trading volumes at prop firms. Or do they only care about the profits you make?

Dinosaur Trader said...


If you trade less, they'll just raise your commissions, so they make their money despite how much I trade.

I trade with a prop firm because of the leverage it gives me. That's really it...