27 Aug Hating Waiting
Aug. 27, 2014
Previously I had mentioned that I’d opened a small account that I was betting aggressively in an attempt to see how fast a Robot account could grow.
My behavior since opening that account can best be described by this.
For me, the time between finishing testing and seeing if the Robot performs properly is excruciating. There is no better way to see if a System is viable than to just watch it trade for a while. I know this. That doesn’t mean I can actually do it.
In May (2014) I opened a small $2,000 account and bet it more aggressively than I’ve ever bet any Robot before.
As I’ve said, growing a small account into a big account is the most exciting thing in trading. Plus, a $2,000 account size is reasonable for almost any investor, so the success of this account could be helpful to many other traders. If this account performs, it’s a win/win for everyone.
So, how has the account been doing? Surely you know how it started out. It started losing.
It started with a sweet little 10% drawdown right off the bat.
Trading is fun.
On top of that, the USDJPY decided to not trade very much. Thanks, world of finance. In summary, I got to suffer a drawdown and then I had to look at a Robot that wouldn’t trade every day after that. Nothing was out of line mathematically. This was nothing that the numbers hadn’t shown a million times before. That didn’t stop my life from becoming this.
To my credit, I stayed the course. It was pretty easy to tell that the market was acting abnormally and that the news events coming out constantly were making traders freak out about the dollar. Soon enough, the USDJPY got back into a groove.
Slowly but surely, the USDJPY has worked its way back and is now doing okay. After yesterday’s winning trade, the account balance is now sitting at $2,399 (20% gain so far since May).
When I cross over the $2,400 mark, I will be upping the betting again. The end of the year is one deadline I have for this account and the next one will be at the one year mark.
Despite the bad start and the waiting, the numbers say big things are possible.
We’ll see if I can survive long enough to find out.
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