For the sake of verifying that I'm alove and serving as a self-reminder of what I've been up to for the past several months, I thought I'd check in and drop a few lines.
Amazingly, I haven't watched Wall Street 2 yet, largely due to hearing about how much of it was essentially a love story. I've gotta watch it though, but just haven't been in a hurry. Here are a few updates/thoughts:
- Traded over the summer, had success in battling back a few times from repeated large losses. This was quite encouraging as my "winning %" was quite good, but the major issue seems to be holding onto gains (trading too big of a position size after experiencing gains). Have concluded that I need to exit the game, build up capital, and trade a smaller percentage of my overall cash reserves, so hopefully overconfidence and excitement won't be a major factor then.
- Trading seems to be too time consuming and mentally exhausting even if not actively trading. Currently planning to maintain constant education, observation, and future planning of a more specific effort. Trading less capital as a % of overall cash as stated earlier could be a part of this strategy. Currently reading "How I Became a Quant," which is making me wonder if I would be suited for that line. I seem to be more of a Qual though, in spite of having studied engineering, though a quant job could be a way to get into the game professionally.
Anyway, those are some thoughts for now. Laterz.
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