Cycle 4, day 1:
Last night, I did dream a lot but I don't remember the exact details of what inside the dreams.
In terms of productivity, yesterday, I took care of all the other tasks that I usually leave for when I'm done except that I'm never done so they rest unaddressed for some time. The end result is that I did the other tasks except working on the main one all day.
This make me realize that one cannot do everything. Time is limited and life is made of choices.
Well, that is not 100% truth. I may have spent 15-30 minutes starting one last required refactoring. I did make a quick assessment of what would be required and I have found out that the situation was more hairy than expected.
I went outside for doing my daily physical activity and while I was relaxing and changing my mind, the solution came to mind. So this morning, I know exactly how to proceed.
Last detected trading opportunity was 4 days ago. So I think that I did ventilate about the situation but back when I did last time in my BASE journal, it appears that my conclusion that, beside in extreme volatility situation like last week-end, where there is more trading opportunities that can handle a single trader, it appears that a bigger trader is employing a similar strategy. He may not be better than me but the simple fact that he is bigger, makes him pay lower fee, therefore, he grasps all the available opportunities before they ever turn profitable at my higher transaction fee.
Now that it is an accepted reality, what do I do:
I see 2 ways to approach that problem:
1. Lower my profitability threshold and even accept a small loss with the only goal to inflate my monthly trading volume to reach the next lower fee bracket.
2. Leave my arb strategy alone and develop a second new strategy that doesn't suffer from this weakness in order to build my trading volume.
With #2, at some point, my arb strat will start to be working again... I'll think that I'll go with #2.
Cycle #4, day 2:
Not much to tell...
Last night, I did dream a lot but I don't remember the exact details of what inside the dreams.
In terms of productivity, yesterday, I took care of all the other tasks that I usually leave for when I'm done except that I'm never done so they rest unaddressed for some time. The end result is that I did the other tasks except working on the main one all day.
This make me realize that one cannot do everything. Time is limited and life is made of choices.
Well, that is not 100% truth. I may have spent 15-30 minutes starting one last required refactoring. I did make a quick assessment of what would be required and I have found out that the situation was more hairy than expected.
I went outside for doing my daily physical activity and while I was relaxing and changing my mind, the solution came to mind. So this morning, I know exactly how to proceed.
Last detected trading opportunity was 4 days ago. So I think that I did ventilate about the situation but back when I did last time in my BASE journal, it appears that my conclusion that, beside in extreme volatility situation like last week-end, where there is more trading opportunities that can handle a single trader, it appears that a bigger trader is employing a similar strategy. He may not be better than me but the simple fact that he is bigger, makes him pay lower fee, therefore, he grasps all the available opportunities before they ever turn profitable at my higher transaction fee.
Now that it is an accepted reality, what do I do:
I see 2 ways to approach that problem:
1. Lower my profitability threshold and even accept a small loss with the only goal to inflate my monthly trading volume to reach the next lower fee bracket.
2. Leave my arb strategy alone and develop a second new strategy that doesn't suffer from this weakness in order to build my trading volume.
With #2, at some point, my arb strat will start to be working again... I'll think that I'll go with #2.
Cycle #4, day 2:
Not much to tell...
