August 03, 2010

Operation "Absolute Trader"

I've been focusing hard on 2 objectives lately :
- Make £100 million from trading
- Do 100 press-ups (or push-ups for American fellows) in a row.

I'm not sure which of those is the most difficult but I first managed to do the press-ups after I followed a 6-week program found on the web : http://www.hundredpushups.com/
100!!! I nailed them yesterday! Now it's done, I'm thinking I should have focused more on the trading as with 100 million quids I'm sure I could buy for myself Gerard Butler's body (while I understand he's more a 300 guy than only 100 :)) ).

Now the press-up thing (as the £100m quids one) is a part of the more general project of mine : become the ABSOLUTE trader (I mean even better than I'm now, not sure it's possible :))) ). Since I stopped running the Rat Race and started dedicating most of my time speculating for my own account, I've done well and my trading has dramatically improved. But not enough! I'm now in my career at a point where I've a lifetime opportunity to live a life under my own terms, (almost) no managerial pressure and most of all plenty of time which is arguably the most valuable of the commodities and I decided to optimize it and give all what I can to master the art of speculation. That's definitely the most difficult challenge I've faced so far and zillions of people failed before me but in my situation, it's just worth to try. In a few words : Sauros expects a performance near to Soros' , needless to say that's not gonna be that easy....

Operation "absolute trader" requires a very disciplined life, a lot of routines (I'm currently thinking about a list to start with) and obviously hours and hours spent to watch the markets and trade. It aims at my improvement in all the disciplines I think will give me an extra edge to trade : mathematics, statistics, econometrics, technical analysis, macro-economics, history, psychology and all what I'll find on my way (any suggestion is welcome). It also includes my being fit and healthy (that's where the link between press-ups and trading is) but this part is far more standard : good nights of sleep, 3 workouts a week a good diet will do it. My personal experience shows that the correlation between a good health and good trading results is very high and I tend underestimate it. Ohhh, last but not least, I'm not sure you noticed but I'm trying to post here on a more regular basis (almost daily) : blogging about my thoughts and exposing them to "public scrutiny" helps me to push my focus and analysis further.

Now back to my £100m objective, I just put on a long EURUSD (finally !) so I might be on the good way... the US could default and the dollar be worth nothing overnight who knows ? OK, OK, back to work...

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FYI As this post is published: SPX 1124 // SX5E 2816 // NKY 9694 // DAX : 6304 // EURUSD 1.3228 // USDJPY 85.92 // XAUUSD : 1188

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