High Heeled Traders

We were having dinner last night when my son blurted out “Mom, why don’t you have a job?”
It’s funny because after I said, “I do, I work, I have a business with my stocks and book, I do most of it when you are sleeping”. He continually says “why” to everything I said that goes something like this”
… on why I do my business when he is sleeping…
“So I can take care of you,,, help you in what you need to learn”
He says, “Why?”
“Because I love you”
“Why”
“Because you are my son and I want you to be the best person you can be … to reach your true potential”
They’ve been watching Lego Movie with the ninja story and and one of the episodes
had the theme of finding one’s “true potential” (Deeeeepppppp yeah)
He laughs and says “Why”
“So you will have a good life and be of help to other people”
He says again, “Why?”
“Because you are blessed to be alive, healthy and with means, you should not waste it”.
The Whys continued with laughing after that …

This morning, I got to show him that even if it doesn’t seem like I’m “at work”, I have to be
disciplined and get online with the market when it opened at 10am, saw that the stock price of BHP had moved down 60cents and my position is ready for profit-taking, all “work” done in 10 minutes. Just executing the action to close the trade could just be 2 minutes but I have ro be disciplined and follow my procedure carefully step by step, even checking the market again,even as I’ve done so early local time after the US market had closed. Double checking the number of positions, prices, symbols, writing the details down again etc.

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I Have A Business

I was in two minds whether to close the trade since the prices could still fall, but I decided with the expiry happening today, average volatility being at 50cents and price already bounced back up 20cents from today’s low that there could be positioning again for upside for the big GDP report happening tomorrow = this way I’d minimize my risk and take the 2R profit. True enough, prices are recovering as the day progresses. In trading, you need discipline and flexibility in different parts of the business.

So profit made after days of looking at the possible low-risk trade, total time spent online could be around 3 hours of intermittent checks and finally closing the trade this morning.

Then I get to spend time on this blog for people to benefit, and of course, time for you, son.

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