Risk Cubed

As is clear, I sometimes berate myself for getting greedy. I choose excessive lot sizes or I choose to stalk bots that can’t handle the pressure. Or, before I made even those decisions, I decided to invest in the foreign exchange market. My financial planner has let me know he won’t be recommending this to any of his clients no matter how successful it is for me. So, what could be the point of this post?

NURP has a portal for those who operate their bots. (i.e. Gold Digger and The Fed) Within this community, the various users talk about successes and failures. One user made a 40% return using The Fed last month. He didn’t make this on conservative settings! What did I make? I made over 8% using the recommended settings. Some users talk about 4X-ing the recommended lot sizes. With my recent leap into gold scalping, I know how 2X-ing the recommended lot sizes can nearly blow up your account. Slow and sure-ish sounds more appealing than a determination to be first to the finish line despite the financial danger.

Don’t get me wrong. I love the idea of my account rocketing to consistent double digit monthly returns. But, it isn’t realistic. Even with the settings I do have, I know the monthly returns will vary. That is why I “bought the farm”. To get predictability and sustainability, I need to make a commitment to boring. When I receive the email from NURP on Monday morning about expected risk this week, I am not the guy who thinks, “NURP says get greedy.” I am the guy who says, “The farm is doing best when it falls within a predictable range.”

Over the coming months, I am likely to add some additional NURP bots or those from other bot suppliers. What you won’t be seeing is me trying to prove my financial genius on the farm. Is it possible to be successful and conservative in a risky environment? I an committed to trying!

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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