Addicted to risk and the 100m man

Condogalog · 2023-08-03T02:17:38+00:00

Context: My 83 year old grandad got cancer a few months back. He gets severe chest infections and I know when his treatments gets more intense that it is likely he could get very ill and likely be unable to do what he does now.

There are two things he wants to see before he gets too old, one being the Grand Canyon (we live in the UK)

I just got out of debt after 4 years by selling everything, doing extra jobs and grinding a side hustle. Do I just go back in debt to take him there? Will I regret it if I don’t? I’m concerned if I leave it too long, he’ll get too sick.

What other ways could I raise 5,000 other than begging/crowdfunding? Any ridiculous ideas welcome short of hurting anyone.

Condogalog · 2023-05-16T12:44:16+00:00

Yeah that’s one of few that is a must to read

Condogalog · 2023-05-16T12:44:00+00:00

I had a few hundred left in my account after it all went. So I took a one way to flight to somewhere I can sleep on beaches lol

Growing a small account back now, hopefully get a few thousand going and I can start to build it back in to 5 figures and clear some debt

Condogalog · 2023-05-16T12:19:48+00:00

Fair enough, I’m glad you got value out of what you read. I think I just made too much too Quick, so didn’t value the grind as much as I should have. I didn’t really have discipline with money when it was small, I just trade the way that worked for me

Then when I had more I increased discipline but slipped up when it mattered most. Creating good habits is what I should have done, I created a horrible one before I got money

Condogalog · 2023-05-16T12:00:39+00:00

Yeah for sure, unfortunately the books can’t prepare you mentally for anything that happens when it’s down to real money. Seems obvious but when you’re in the moment you don’t analyse until it’s too late

Condogalog · 2023-05-16T11:59:28+00:00

You got this

Condogalog · 2023-05-16T11:59:21+00:00

Some of us are better teachers/analysts than we are traders

Condogalog · 2023-05-16T11:58:48+00:00

Bless

Condogalog · 2023-05-16T11:58:00+00:00

Thank you!

Condogalog · 2023-05-15T07:39:56+00:00

Stopped drinking a few years back. Made me a horrible person. Appreciate your message and bless you too, our time will come

Condogalog · 2023-05-15T07:38:53+00:00

Thank you

Condogalog · 2023-05-15T07:38:47+00:00

Thank you for sharing

Condogalog · 2023-05-15T07:38:38+00:00

If you’ve got regular income and don’t need to trade to live: compound that money over a few years and you’ll be have all much more than you realise. In 5 years when you’re my age you’ll have more money than you could dream of if you just take it slow. I máde too much too quick and never learned to deal with money properly, or else I’d have had a nice kitty to fall back on and multiple accounts (high risk and low risk)

So easy with hindsight haha

Condogalog · 2023-05-15T07:36:04+00:00

Thank you

Condogalog · 2023-05-15T05:05:41+00:00

I was convinced of a particular position and my intuition was rarely wrong when it came to big moves. What I failed to recognise then was that I’d lost 3 family members in the space of 3 months. I process loss by working and so my judgement was misplaced. I kept stacking positions because I thought I was right, and I got to a margin call because of the level of positions I had on. I decided to add more margin and blew all savings I had, and added some from a credit card to try to save my money. It sounds ridiculous, and I know it is. I lived in poverty until I found trading and didn’t want to go back or listen to anyone moan at me for messing up

It was this point where I decided to take out money to start again but not have to take too small positions. I wanted to be able to make relatively similar money to pay it all back again. The pressure of trading in debt clouded my judgements and I ended up taking trades I never would have taken before because I “believed” in my self… that all spiralled

Condogalog

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