Tuesday, December 31, 2024

A Trader's Journey: Charles Harris

Here is the link.

My personal journey as a stock trader over a 20+ year period of time sharing my highs and lows, the many boom and bust cycles that I've experienced along the way, and the lessons I've learned and continue to relearn. This presentation was originally given at the final IBD Level IV Master's Program workshop in Santa Monica, CA in December 2019. @chasharris1025

My rules

  1. Preservation of Capital
  2. Sell if stock violates my expectation
  3. Trade in-line with my personality



The power of compounding 

Two essential elements:
Investment Return
Time

2003 - 2007 


2001 - 2013



2012 - Mainly house stock 

2014 - TSLA stock 

4 weeks - Oct 60% - down from the peak - 13 years return 

2015 Start to rebuild 

Mental status - post analysis - Recover for remorse 

1:19:47

What exactly is worthiness

Work on with therapist - Work hard on this 

Someone has more than you. 

Sense of worthiness - Figure out what is wrong, but why - post analysis 

25 years journal, trading - deeper - Tiktok - power of vulnerability - study connections - why we are here - give us meaning in our life - Shame - something about me - Universal 

Good enough, smart enough - connection - be active - struggle - courage to be imperfect - willing to let go, who they are - why they decide to take a journey to be a trader 

Relate to trading, ego to protect, hestitate, refuse to cut loss - protection of ego - Look for market to fill some holes - internal conflicts - bad chapter - rebuild - trading, constant opportunities - stakes - possibilities unlimited - 25 years ago, virtual nothing - questions of if, when 

Zone - Roth up 50%, questions - consistent winners - yes? Talk is cheap - Results to speak it itself 

Lose discipline - consistent - Lose - Mental shift - Muscle - consistent winners without good setbacks





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