FAVE FISHING HOLESIt has been said that knowing when and where to fish is just as important as how to fish!
My fishing plan is dependent on the type of fishing hole. I have three favorites.
Pond fishing or Day trading
Seems easy, chock-full of fast-moving fish just within reach, but it’s also exhausting at times with so many erratic moves that it distracts from the bigger fish. Question I repeatedly ask: Am I here for the fish or for the chase?
Lake fishing or Swing trading
Ensures some good eats. I settle into my favorite spots or set ups and I know how the fish will move because I’ve mastered these waters.
Deep sea fishing or Trend trading
Big catches require big picture thinking and even bigger patience. But when opportunity presents, all hands on deck! These big hauls are few and far between, but when they hit, they feed me for a good while!
Weekly Fishing Plan (Trade Journal)
You don’t have to cast for every fish and risk losing your bait. Bait is expensive! When conditions are unsafe, it’s best to stay on dry land.
I like to fish. I love the thrill of the catch! Not so much baiting the hook. I know I risk bloody fingers, or worse, often my bait is gobbled up or not put on thoughtfully enough and it floats away. I hate losing my bait. Old Fishing Motto: Wrong – Gone but Right – Hold Tight!
Depending on the size of the fish and fishing hole, I know how much bait to use and how long to leave it exposed in the water.
Jumping up fish!
This happens about as frequently as a giant squid sighting, but when it does: accept the luck of falling fish in your boat just don’t get use to it. It’s the stuff of Fish Stories not Trading Plans.
Taking down a shark!
Shorting takes guts, and since markets and stocks fall 60-80% faster than they rise, why not ready your boat and your nerves and take down a shark. Just remember to buy insurance first!
Here is a sample of a Weekly Fishing Plan (Trade Journal) for members.