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I just mailed the following to my mental health clinic's case managers:
I didn't make any trades today.
But after just one day of doing nothing my profit went up by a thousand dollars.
I have a friend who used to be a day trader - trading stocks. He told me it was incredibly stressful, and that he would make more money by working in a regular job.
So he gave up the stock market, then got hired as a Civil Service engineer at Corona Naval Airbase in Southern California.
He loves that job and has held it for so long that he is quite close to retirement.
I once worked for a private hedge fund that traded commodity futures at the Chicago Board Of Trade. His trades were guided by a very complex computer program. I called his software "A license to print money".
It happened all the time that he'd lose tens of thousands of dollars, only to get it all back and then some. His fund consistently outperformed all the publicly-traded funds.
The owner was quite definitely the most bitter, angry man I ever met. It was easy to see why. He thought the key to happiness was for his hedge fund do so well that he would have a billion dollars.
(Score: 3, Insightful) by Snow on Friday January 19 2018, @04:27PM (1 child)
Hang in there buddy. Weeks like this can turn even the most adjusted person into a manic-depressive.
Remember, you are a small fish. Whales eat hundreds of small fish like us every day. If you are not careful, you will get rekt. Be smart with what you have, and NEVER trade crypto on leverage. Crypto is already crazy risky, but trading on leverage is no different than going to Vegas and placing your entire life savings on black -- It might take a few times, but eventually you will lose you shirt.
Be careful my friend. I'm really happy to see how well you are doing, and I'd be sad to see you lose it all :).
-- Snow
(Score: 2) by MichaelDavidCrawford on Friday January 19 2018, @08:08PM
There is a certain bank balance that I must maintain to avoid anxiety. So about once a week I tally up how much I spent then sell that much crypto.
I've bought into four different ICOs. I made quite a lot of money on NAGA (NGC). The other ICOs are still in progress.
Were I to lose everything I would still be OK.
Yes I Have No Bananas. [gofundme.com]
(Score: 2) by MichaelDavidCrawford on Friday January 19 2018, @09:16PM (2 children)
The source code for all my work yesterday has disappeared.
Yes we are using Subversion but no I didn't check anything in yesterday.
I once lost an entire month's source code. It took me just one day to recreate it from scratch.
Yes I Have No Bananas. [gofundme.com]
(Score: 1, Informative) by Anonymous Coward on Friday January 19 2018, @11:00PM
I learned some hard lessons from MS-DOS back in the day. I lost so much hard work due to random crashes. So wherever I go nowadays, and whatever system I have to use and no matter the convincing platitudes from the old timers and corporate types, I always keep my own backups.
With tools like rsync, it's trivial. For source code changes, git is lightweight and simple. You do don't even need to set up a special server.
Just copying stuff into a different disk is a good first step.
When I start a new job at a new company, I have a bunch of utility scripts committed now to muscle memory. At a bare minimum, I have a script to make a backup of a directory tree simply by recursively copying the source to a destination with a date and timestamp in the directory name. That way you can recover your state exactly by date and time.
These things may take a few tens of minutes or even hours to set up, but they can save weeks and months.
Invest the time. And don't forget cron. It can back up your source while you sleep.
(Score: 3, Insightful) by hendrikboom on Saturday January 20 2018, @03:36AM
Yes, the second time you do something, it gets easier, because you already know all the ways that didn't work last time, and you know all the ways you realized you should have done it but you balked at replacing hard-won working code.