Update on the day to day- Been MIA for the past few weeks
Good Saturday to all(4-22-2023) May all have been well, fine and in good form.
I 've been occupied with the normal day to day plus a few extra's just to stretch the agony out over a wider day of 'needs to get done' stuff.
The activity with work and plans has not stopped but has been stuck in the mud with a few ongoing must have new paper work updated issues and requests. There were one or two errors on our part but remedied easily enough, certain wording needed to be included in a certain way on the street sign for the home.
But with both efforts there was more of the 'here is another hoop or two' we need to jump through before we get to being done. With saying "done" by no means does it mean we can sit back and have a conversation or chat about the weather.
We are going to be busy. What it means we just get to get started and say go. The work has yet to begin.
A new date has been set with the town board and the activity with the other side of life has been fast and tenuous to say the least.
The first position of activity closed out with a $900.00 loss and that was held for over 45 days. But was the impetus to have the second position open and running and that is keeping the lights on.
A few other conversations and efforts are ongoing and the convergence of all these efforts seems to be culminating and is very close at hand.
Just have to ink it.
In the process with these two efforts we have learned some new hard lessons from the items we did not account for in our preliminary efforts and research before we started this journey and this new intel gives us additional avenues of exploration and development and insight.
With the past few weeks we have also gained some background with some services and opportunities that are in great need of being filled even with today's economic and work related environment and challenges.
The current and open positions have been involved both activities we like to utilize, Options and Futures. These are the income generating tools we like to work with within various markets. It is not proper to say what is being done because that creates a situation that in our point of view should not be and our understanding of various SEC laws and FINRA rules and NYS Banking and FED Banking Laws, the position is never divulged. The efforts and work can be explained. The capital management can be explained. The moves can all be done with out divulging the name. As it should be.
The work involves two forms of activity as the main Income Producing engine drivers of the account; Options and Futures, but that is not the whole menu board of activity, skills, knowledge or services available. It is a hands on activity that can be daily or not. It is totally up to the individual but to be successful and that is a varied meaning word to many, takes a lot of skill, training education and knowledge on market behavior and media influence and most importantly discipline. Lastly and the most difficult to achieve; Emotional Control.
It does not serve any benefit to a person who wants to have the day in their control if you have to exceed and add a continuous new amount of principal capital being added with each passing transactions. The transaction that was a loss was from not executing the close on my part properly and then going through the agony of the OIC-CME shuffle. A horrible dance indeed.
One more thought, the maximum Capital-Principal amount ever going to be involved should not have to be exceeded if the work structure you are implementing is functional and repeatable. In the understanding held here a novice or a retiree starting out needs about $300k to give themselves a nice lifestyle that should last many, many decades. A person with previous skills and knowledge may be able to do the same with a less, sometimes a lot less. The issue of the lifestyle is the question of concern. Just how much do you want to make per year on your own terms in a WFH occupation or effort, that is the question.
Realistic can be achieved, the fantasy well that is not so achievable. The dollars that we are working with right now are being structured to deliver a certain high rate of return. Risk-Reward in the realm of - for every dollar at Risk we anticipate 2 or 3 in Return. Now that is not aggressive, that is knowing what tools to use and what math to structure the application and implementation of these tools to the markets they are involved with.
Have a wonderful weekend and enjoy each day to the maximum effort and joy.
All The Best
Gregory