May 18, 2013
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Friday Night Fun
I was literally up all night last night back-testing my methods as I made some more refinements after looking at the weeks results. Didn’t turn in until after 5am,…now that’s the way to party on a Friday night! Haha.
The time spent went quickly, which is a key difference between working on something you’re interested in versus doing something you’re not.
Back testing is time consuming since once I test my new methods on current data and charts, I have to try it on older data/charts to see if there is consistency. If they fail on the past, then current success is suspect.
Since my trading isn’t automated, that means I have to “simulate” real time trading by covering up the chart data on the right, and slowly stepping through it, making decisions with the smaller data set, then seeing if my decisions are correct or not.
To be successful in any field, if not blessed with “connections” or wealth, you have to be willing to put in the massive amount of time to iron out the rough spots. It is the trademark of most entrepreneurs.
The thing is, time spent doesn’t feel like work. You know how you feel playing a video game where you spend hours trying to solve a certain puzzle or level? That’s what it feels like.
Of course my ultimate goal is to master the markets so that I can spend my evenings in a more, um, conventional fashion.
Comments (8)
Good analogy w/ the videogames..totally know how that feels at least!
@Kittyluve - Trading resembles a game of sorts, where you are awarded or deducted “points” ($$) based on your actions.
@selfuniversity - Well, I wouldn’t go so far as to say I was “enjoying” the effort, haha. Interesting work is still at the end of the day, work.
I have a ton of much more social and enjoyable things I’d rather be doing but this was a priority that had to be done. So when things are settled in this area, I will be more than happy to move onto more desirable activities.
@SoullFire - It’s nice to see that you can utilize your time wisely. Most people I know, in real life blow their cash on booze at bars/clubs every night, while looking to get laid but won’t pay their own bills or spend time with their kids.
@RealistMe - I know several people like that as well. The old saying applies – one may have to grow old, but that doesn’t mean one will grow up. Some people are not able to delay immediate gratification in order to reach the bigger goals, and usually it eventually catches up with them.
@SoullFire - Yeah, I know what you mean. There’s nothing wrong with being youthful and “young at heart,” but there are some people, who just want to act immature, when they have their own kids to raise.
@SoullFire - gotcha! and i second that…