Thanks for sharing this case study. It’s a great example of how having a solid plan and a realistic mindset can make all the difference when it comes to gambling.
Don’t try this at home!!!
Without paywall (atleast some more text):
does anyone here actively track their trades like a professional gambler might track bets? curious if others do the same and it helped them
I have been tracking every trade for a little more than 5 years. I used to manually track basic metrics. Now ChatGPT does it for me.
Incidentally, I ran metrics today.
It helps to identify if I followed my system.
I track at what EPS I bought a share and what the current EPS is. I don’t usually average, but it gives me an idea of whether there is potential to average.
I will also know how much dividend I made and YTC.
It gives me confidence when I am miserable at work, like today (having worked the weekend, they want me to join a short call for 45 min, which will drag for a few hours on my comp off … sorry about venting here)
It points out where my good trades are, and where the risks are, like below.
ChatGPT suggests “ Both open and closed trades are dominated by a few very big winners. That means your performance depends on catching those ‘outlier’ trades. If they don’t show up in future, results could shrink.”
“ When you trust your exit rules, you crush it.”
The remarks I add for each trade help me in reinforcing sticking with the setup. Sacrosanct (I just wanted to use the word 
)
It gives how I behaved when markets fell during the Russian military operation, Operation Sindoor…
It sometimes gives an idea of previous stocks I own, like Finolex cables, which I will buy tomorrow.
Many more, but my 9 pm meeting is on.
P.S.: not a financial advisor, not an intraday trader
1 Like