It has been way too long since an update to the blog but as I explained in the last post my son had just had surgery. He is recovered now and back up to full speed. That means running, jumping, and basically doing as many of the things we restricted him from doing in his post-operative recovery period as he can do. Some days we feel like it is all we can do to just to keep up with him.
We recently had our first day attempting to fly a kite. It is National Kite Month (March 29th – May 4th) and he seemed to be getting coordinated enough to handle it so we threw the kite in the car in case a nice day would present itself. One Sunday, it was a cool but windy day and we were already at a park with a large enough open space to try it.
It was fun to see him bouncing up and down jumping for joy as we pulled the colorful kite out of the bag. This is a kite from Kitty Hawk Kites that my wife and I picked up a few years ago on a trip to the Outer Banks of North Carolina. It was so hard for him to contain himself as it unrolled and clipped together. Once we started to play out the line he began running around in the field in a start of pure joy. As the first breeze lifted the kite into the air and he took over control of the line, I was amazed at the way he was able to concentrate on holding the line tight. As the wind died down and the kite came back to the ground he was very upset that it was no longer aloft. Explaining to a two and a half year old that another breeze would come soon and the opportunity to make it fly again would present itself soon was difficult. He would pull at the line dragging the kite but it would not rise. The longer time passed the more impatient he would become until another breeze did come and take the kite back into the air. Every time the cycle was the same but the day ended in a huge smile.
The last few weeks the market has seemed like a similar situation for me. I was excited as we set up and rolled out the experiment that I could not wait to see the first trade trigger. Once that trade closed I felt like my son as the kite hit the ground. I wanted to see another trade that would lift our account up to our first milestone. Knowing that the right opportunity is coming and being patient enough to wait for it and not overtrade have been difficult. Thinking of my son dragging the kite along the ground trying to “force” it into the air has been a great image for me to think about when I have been tempted to place trades in my own account.
It is this kind of market where I am glad that we are collaborating with Anne-Marie for this experiment. Last week we set the account setting back to “alerts only” per her request. I discussed in an earlier post that our risk management strategy only allowed for trades when a trend is present. We are currently down approximately $680.00 in our account since the beginning of this experiment. Given the choppy market behavior and that it is earnings season, it has not been that difficult to be patient waiting for some solid momentum to make up these losses and continue forward.
Like my son gaining patience to wait for the next breeze, it might take me a while to get used to the wait but seeing things take off when the opportunity is right will be well worth the wait!
Gene Hobbs is a technical diver and founding board member of the non-profit Rubicon Foundation. Hobbs has served as medical officer for the Woodville Karst Plain Project since 2004 and was named the 2010 Divers Alert Network/ Rolex Diver of the year. Hobbs is the medical simulation coordinator for a simulation and patient safety laboratory at a major university medical center.