Guys, I am now below one third of what I had 2 months ago, when I reached a record of 47k.
I wish I had known the future, and that I wasn't on my way to 80k but on my way to below 20k.
This is really hard on me.
All I have is my learning right now. My studying of German for example.
Capital and my hopes of leaving the office are at an all-time low for the year.
I can't believe for how long the markets have persecuted me, against all odds.
How on earth could I have expected that everything would have gone against my predictions for so long, despite all the money printing that's been going on?
All commodities have been falling for years and years, despite inflation.
Gold, silver, even copper.
Grains, natural gas...
Pretty much everything.
And GBL? Just the opposite way of where I wanted it to go. Now the yield, today, is at 1.14% return per year.
I can't even complain. The markets really went against my predictions. It is a wonder how I even ever managed to reach 47k starting with just 4k. and despite all my predictions being wrong.
Such are the markets, and such are futures.
I am starting to accept it.
...
Also, I have to remember the many times in this odyssey when I closed all my 10 diversified positions to chase the one position that wasn't showing me a profit. I did this several times: with copper, with GBL, to mention just two. Had I not done this, I would probably now be at about 30k.
So, it wasn't just about being diversified and wrong, but mostly about betting almost everything on one thing, and being wrong.
I was wrong and I wasn't diversified. Otherwise this wouldn't have been as bad.
And I remember precisely that when I did this, I knew that maybe I was making a mistake, but I was too bored to sit and watch. This last time, it happened with GBL.
But... what can I do? This is me and this is the markets. I have what I have. I have done what I've done. There is still some more time before I die to try and make this work.
I am very disappointed with myself. Very.
And now I almost feel as if I made it happen on purpose.
At 45k, I knew I could have just stopped investing and let the systems run and make a few thousands per month. But I wasn't happy with it, and I thought it would have been a boring life. I wanted more, I wanted to get to 80k, and make from the systems about 10k per month. That would have been right and satisfactory.
Instead here I am. Should I blame myself for not being content with 4k per month of profit, effortless?
I still don't know.
That memory is very clear and fresh in my mind. That feeling of boredom to come. I thought: what am I going to do with 4k per month? There's not much I can do...
By now, I would probably be at 80k, had I accepted it.
But I wanted it immediately.
I was at 40k already 2 years ago. Back then, once again, I said "I want more". And I went back down to 10k.
Then, again, about a year ago, I was at 45k, and once again, I said "I will now make much more", and once again I returned below 20k.
Then up again... to above 40k, then down again below 20k.
Then I clearly recall I went up again above 40k once more, by betting everything on copper, and then I diversified everything perfectly, in 10 different markets, but then once again, GBL showed me a loss, I sold everything, and bet everything on it.
But then GBL kept on rising, and yesterday it touched 148.5 or so, with yield at 1.14%.
So, after all, it is not self-sabotage. It is boredom that defeats me each time. Boredom in turn causes me to tamper, when everything is diversified and slowly growing -- because it's not even enough to me that my capital grows slowly. I want it to grow fast -- after a while I get used to it growing and it has to grow faster and faster or I'll tamper.
So, ok, basically, it is not self-sabotage in the intention, but it is self-sabotage in the consequences. I destroy my capital by wanting it to grow too fast. It would by like giving too much water to your plants.
It is awful, and I don't know if I'll ever change, because the feeling of boredom is hard to defeat.
I may see things clearly now, but boredom and the hope for more profits are a dangerous combination and they're stronger than any wise realization.
This perverse mechanism has been happening for so long that I don't know if it even makes any sense to write about this process on this journal any longer.
Why shouldn't it happen again, once I'll reach 45k again?
Why don't I stop gambling once I get to that level?
I know I do gamble to get to that level. But for some reason, I got lucky, or maybe I did something right. But, no matter the reason why I can manage to get to that level, something keeps me from going any further. So, given that 45k is good enough to just use my systems and make enough money to retire, then why don't I stop there?
Because I know that even then I'd have to wait years before retiring. And I feel this desperate urge to leave the office. Oh, damn.
I am really screwed. I see no way out.
The only way out would be if my parents both died and left me all their money, but they're already talking about giving it to charity. Maybe so that I don't plan on killing them.
Well, at the moment, all I can think of, is to keep studying German. And just keep on eating healthy and getting enough sleep.
I still have some capital. I'll see, if it ever reaches 45k again, if I have changed and can act wisely.
...
Yep, May 6th, 2014, those were the days:
http://www.trade2win.com/boards/trading-journals/140032-my-journal-3-post2325246.html:
Now I must do nothing, not even monitor, lest I tamper and destroy everything.
Remember how my mind works:
1) i monitor and enjoy profit
2) i rely on profit and a rising equity line to be happy
3) equity line stops rising and falls
4) i tamper to make it go up again
5) i lose
6) i increase the contracts on my losing positions
7) sometimes I get lucky and break even, other times I lose everything
It keeps happening, again and again, year after year... I remember specific instances since 2008 all the way to just 2 months ago
Now, at above 47k, it is definitely the time to stop tampering.
And to do so, I must stop monitoring my equity line and taking pleasure in seeing it rise. I must stop relying, emotionally, on a rising equity line.
Financially, I haven't relied on my trading capital, which is good. Emotionally, it's a very different story, and it screwed me again and again.
Also, from this point on, I mustn't tell anyone. Because it'd set me up to rely on it emotionally.
And then what did I do?
I lost a bit on GBL, tampered, added another contract, then another one, then closed all other positions... a total mess basically. And I had predicted it would happen. Still, I could not resist boredom.
I think this has just happened once too many. I think I cannot take this crap from myself, and, since I don't think that I'll grow up and solve this problem, this is the moment I am going to start going crazy, because my mind cannot figure out how it works. I cannot understand myself. I cannot accept myself. I cannot accept the two different selves that are in my mind. The wisdom of now vs. the madness of when I am bored. I officially cease to hope to figure myself out, because this is just too much. I am about to go crazy. This thing has already happened dozens of times.