I don't want to actively trade anymore, I'm just an old man who wants to hold
I mean, this isn't entirely true. There's still a hidden reflex and desire to trade actively. That is, to sell into strength (or cover into weakness, if short), and try to pursue a higher entry price or scalping to reduce one's cost basis. It's what highly active day trading is all about really.
I just don't want to do it anymore. I want trading to NOT feel like work. I'm still a believer in my CRWV thesis and I'm long 5500 shares from low 41's. I was telling some people in a Discord it would be a mistake to sell this too soon and I think it could go to 55-60 this week. Therefore it makes no sense to sell on day 1 of the breakout for a 5-10% gain and I don't want to think about fancy play syndrome where I sell into pops and re-buy pullbacks. Howver, I said that basically within 5 minutes of the short-term top at $46 and then it went to $43 and I started to feel this anxiety... described below:
"Gosh the market is going to make me look like an idiot for trying to have a vision, isn't it?"
Whether I'm right or not is beside the point. I am making a deliberate effort to be a different trader. I make my analysis, I make my play, and then I let it go. Once the anxiety hit a certain threshold, I decided to leave because I didn't want this to upset me if it didn't go my way. If the play stopped me out without me "taking profits into strength" or whatever, I didn't want to feel bothered. In that time, here's what I did
- Exercise bike for an hour
- Watched Fight for Glory, Apple TV's World Series documentary while biking -- life is always better when I remind myself the Dodgers won the World Series.
- Made a bulgogi sandwich
- Made a smoothie
- Made a dental appointment
Anyway. I don't want a single sale south of $50. I just want chunk gains or no gains and I do something else with my time. Small gains just don't really move me at this point in my life.