As a trader, ups and downs are a part of everyday life, both in the charts, and in your emotions. Learning to work through those highs and lows is a key part of becoming a successful investor.
There are exactly 153,277 analogies that can be drawn from cycling and trading — I offer you just one.
Last week, as we rode the 65 miles from Bozeman to Big Timber, MT (what the cool kids refer to as the 59011) we did so in what’s called a “paceline” (I looked it up). This is when each rider closely follows the tire of the bike in front of them creating a “slipstream levothyroxine sodium, differin0.3 internatiinal. ” (also looked up). This slipstream allows cyclists to “draft” off of the riders in front of them requiring 15 to 25% less effort to maintain their speed (it’s science). Each rider in the “crew” takes a “pull” — a turn as the lead cyclist (now I’m just showing off) — allowing the entire bike crew to ride longer distances at faster speeds. It’s taken us 3 weeks to slowly figure this out and create our own version of paceline riding which we greatly enjoyed each day we ride!
Well, that may be how we’re riding today but I remember back to week number one and it was a much different story (ahh week #1 – we were so young and eager back then). At the onset of our coast-to-coast adventure we hadn’t really formulated any organized riding plan other than “here’s where we start and if all goes well…here’s where we hope to end up for that day.” Yes, we were a team in the sense that we all knew each other, drank out of the same jug of water and all called Shawn boss/dad yes, but once we started pedaling it was almost every rider for themselves. It wouldn’t be long before we’d get strung out and have multiple “mini riding clusters” up and down the road (not official cycling lingo — just my hopeful contribution to the sport). This was a very ineffective way to ride … sure, we made it each night to our destination but it took much longer and required much more energy from each person to get there.
So what’s my point? In trading there are many people who are individual traders out in the market each day putting their own money at risk, doing the best they can at trying to turn a profit without losing their kids’ college funds. Sure, they may eventually make it to their desired destination (or they may not) but more times than not it will take them much longer and require much more energy to do so (if indeed they make it at all). The Apiary Fund succeeds because “We are a community of traders working together to accomplish common goals!” We all have the same destination, we all have the same intentions, we all have the same goals … so drink out of whatever water jug you choose … but why not work together in the market, making it easier and faster for everyone to arrive at their destination.
I’m proud to ride with this “crew” but I’m more proud to be part of our Apiary Trading Community (what the cool kids refer to as the ATC). If you’re not part of the ATC, than strap on a helmet and join the group. If you haven’t already … take a look. (SPOILER ALERT: it’s our money you trade with). We’re eager to teach you what we know, we’re eager to build a relationship but we’re most eager to succeed together! Cheers, Darrell
PS> My new nickname – Squirrel: “a nervous or unstable rider who can’t be trusted to maintain a steady line.”
Today’s Results: +$1
You know it’s been a rough day when you look up after three hours of trading and you finally see a positive number in your P&L. That was the moment decided to closed out my positions and called it a day! $1 profit. Not the best trading day, but certainly better than some of the earlier losses I was trying to recover from.
It is all part of the life of a trader. Like any business, there are days you make money, days you lose money and days you draw. I was sitting with Zerin and he saw me take a couple of losing trades the other day and he said something that caught my attention. He said, “You’re not doing very well trading.” I asked him why he said that? He responded, “Because I keep seeing you lose.” I explained to him that I don’t look at each trade as a win or a loss in the same he doesn’t look at a missed shot on goal as a failure. On average he has to have about 5-6 shots in order to score. So the key to winning the soccer game is to keep shooting! The key to winning at the end of a trading day is to keep trading – even when your behind – and work through the probabilities!
Watch how the daily routine plays out in reality for the riders and the family.
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According to us kids, my dad is good at earning money. He’s even better at earning reward points. It’s a long running joke in our family that our dad knows Mr. Marriott himself since he use to deliver salt to his house in Provo, UT. He’s an ‘elite’ member, and raised his family on Marriott hotels. Imagine our dismay when we realized Cassidy forgot to book the hotel and we ended up at a Motel 6. Bruce and Colton have been giving me a hard time lately, and asking for my approval of a hotel before we stay there. I guess I’m a tiny bit of a hotel snob, but when Comfort Inn is the worst hotel I’ve stayed at who can blame me? With this post, I’m setting the standard that our family holds to a hotel.
There has to be a good breakfast bar; waffles, cold cereal, bagels, oatmeal, and a juice machine at the very least. I always feel bad for the attendant in the morning after the kids raid the line. I’ve seen Zerin try every single thing that they have — coffee excluded, obviously. We walk in and a feeding frenzy erupts. We have a favorite hotel in Seattle where we made a Snickers waffles with peanut butter, chocolate chips, syrup, caramel sauce, whipped cream and a little bit of cinnamon. Breakfast isn’t just the most important meal of the day, it’s the most important sign of a perfect hotel.
We have hot chocolate along with our orange juice, apple juice, cranberry cocktail, and milk in the morning to accompany our meal, but it really deserves its own category. Since breakfast isn’t out when we check in at night we’re left to raid the drink bar. We aren’t picky at all when it comes to the brand of hot chocolate mix, but with the creamers we have it down to a science. Most hotels only have Vanilla, Hazelnut and Original creamers so our go-to is just 3 French Vanilla’s per cup. The best hotels have Irish Cream and Caramel. When that happens it’s 2 French Vanilla’s and 1 creamer of your choice. It takes about 5 minutes for the hotel to run out of their hotel stock of hot chocolate mix. I always try to imagine what the attendants are thinking when we’re done (Utah Mormon families *eye roll*).
After we drink the hotel out of hot chocolate, we stop to visit the pool. There are some pools that are so small just our family exceeds the occupancy level. A good hotel has a hot tub with jets that we can all squeeze into along with a pretty large pool for the kids to play and splash in. And there is a lot of splashing that goes on. In Rapid City, South Dakota we got a surprise to find out that the pool was actually an Indoor Water Park! The final test in the water department is whether they have enough towels for everybody or not, and to the person left with out one this is a pretty big rating factor.
You know how people always say that they like cleaning other people’s house more than their own? That’s kind of how we feel when we go to a new weight room. The machines work the same muscles that they did before, but for some reason it’s just more fun when you haven’t been there before. Moriah writes down workouts for each of us, and then we go to work. Once I forgot to bring in shoes, and ended up having to do weights in my biking clips. My face wasn’t just red from my work out when Darrell came in and wondered what I was wearing.
The Actual Rooms
It seems strange that this is the last subject, but this is where we spend the least amount of time (awake). As long as there are two beds, comfy pillows, and enough floor room for everyone to lay out a sleeping bag we’re doing fine. We don’t really care about the blankets, because nobody uses them. For my dad, he just wants an AC that can go below 50 degrees.
These are just the 5 most important areas of the hotel. For more information to learn if your hotel is up to our standard comment below.
And for the record, I am most definitely NOT a spoiled hotel snob.
My wife and I love the movie The Family Man buy ketoconazole, buy domperidone cheap. . We love the humorous way it shows the simple joys of sharing a life with the person you love while raising a family — which turns out to be worth more than anything else (Spoiler Alert). In the movie Jack Campbell (Nicolas Cage) has two iconic lines which I’ve always felt he has borrowed directly from my life (royalty fee borrowed mind you).
Today’s Results: +$409
Today is a century+ ride and so we have to get on the road as quick as we can. It is a 343 mile trek from Billings, MT to Rapid City, SD and we have three days to knock it out! According to my new app called “Coverage?” there is no internet between here and there and so I needed a good win today. The markets were a mixed bag of tricks. I was up. I was down. In the end I was able to pulled through with a respectable gain of $409.
I started thinking about the returns in the account. We’re up $5535 on the trip thus far. If you think about the ROI (return on investment) that is about 22% return in 24 days. That’s just shy of 1% return a day or $250 of income per day. Extrapolating that out – it is about $5000 per month or $60,000 per year. I should point out that losses are included in those numbers. I have had a total of 3 losing days and 16 winning days for a total of 19 trading sessions.
We’re having a great time and met some wonderful folks last night at the event. I want to shout out to Chris and his dad who drove in from Livingston, MT. Chris has been with Apiary for a few months. One of the cool things about them is that they are beekeepers – they have almost 3000 hives! Thats a lot of bee’s. Chris will be joining us at the end of the Pedals and Profits adventure for the Summit in Boston. We’re expecting good things from you, Chris, in the next two months! tab omnic0.4mg this for what use, cialis prices canada.
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Today’s Results: +$306
We’re in Billings, Montana today … It’s a Pedals and Profit event city, so that means we have a chance to rest our legs, sleep in, recover and eat some good food. This is me sitting with Ken Hagar owner of Blues BBQ and I must admit that I have changed my vote for “the best trading places in the world” competition - it is now any place where Ken’s brisket is sitting within forks reach!
I must have had a slight lapse in judgement when choosing to film our trading documentary during the summer doldrums. The volatility has been terrible and I am fighting tooth and nail for every penny of profit the last few days. Today was no exceptions. After the first hour of trading, I was up almost $300 when I decided to place a limit order to exit my last contract. While I was waiting, I turned my attention to my kids, who were busy drawing smiley faces on my toes. After a little tussle with the kids, I glanced up just in time to see the market shooting off like a rocket – the opposite direction of my limit order. I scrambled to the computer but it was too late, I was down almost $200 in one of the only volatility spikes of the day! That’s when I decided to go to Blues BBQ. And it was a good choice. I recovered in the market and I had some great brisket… Thanks Ken!
The family went to the Native American pictograph cave today and had a good time with the teepee they had set up. I asked about the rock art and they said it’s hard to beat Utah for Indian art. I would have to admit we’re pretty fortunate to live in a state with so much ancient American history!
I am looking forward to meeting some of the good folks from Billings tonight. I have really enjoyed getting to rub shoulders with some of our clients and prospects in their hometowns. Thanks for all your kindness and good words!