This is the fundamental problem with making money. You then aren't playing with your hard earned money, you are playing with winnings, and you get wreckless.
When I started this blog, I made more money than you could probably guess in the first month or two (sept-oct).
I was aware of the wreckless concept but I pretty much blew all those winnings sense then. I got into the mindset that I had to keep investing and keep investing, or I would be missing out on opportunities.
This leads to me doing such jibberishness as making official picks of December lol. I don't even want to link to them.
My first real lead, which is why I even opened up these accounts to begin with, was Sept 7. I waited actually over a year for it, and it paid off big, I think I tripled my money that Wednesday by the next Tuesday. I also had a tip on Sept 23rd. By that time I'd lost a large portion of my winnings, but made a ton more on these few days, going long a couple days through the fed meeting, then flipping short.
I had good data in Early oct as well. I was following that resistance line that I thought was biblical, and got way short before the plunge coming after comey announced he was reopening the email case. I hit about 6x my investment from sept6 at that point. I could have paid cash for my dream house at that point.
From then on it was all crap, I kept trying to catch the end of the fall and go long :( then the line broke costing me more money. Then I was short before the election, that looked brilliant, and I may have been up as much as 10x my initial investment, theoretically, but that vanished by the open. Then I tried to pick the top of this rally a few times. I never had good information for these plays.
It's also worth noting, is that if I just picked my spots when I had the most confidence, I could have made those huge gains, and not blown it when playing with the house money on lesser confidence plays.
It seems as though I am into some new opportunities now though. So I will carefully play these, and blog about them. Hopefully I will recover during this time. The good news is that this has been a highly educational process.
I will post this information soon. Of all the stuff I've used, timing arrays have been good. Mannarino's picks when I've done them, have been really bad. I can believe that he makes money with them, but not nearly as efficiently as he implies, and only with constant monitoring, which I can't do.
Also, I'm genuinely cleaning house on predictit.com. You can't invest large portions of money though. I'm not sure if the market is big enough to have even like 5 people using the same strategies without significantly affecting the markets, so I probably can't blog about them.