Welcome to my income report for September 2021

In September, I have earned $574 passively in total. 5% more than in the previous month.

What I Did In September

Started Day-trading Again

There is something you might not know about me. In 2011 with a few hundred bucks in my pocket, I was thinking about how to get out of poverty quickly.

Because earning 300 USD a month from student jobs was not enough. So I emerged myself into what the world wide web offered at that time as a solution. Besides some obvious scams, one of the apparently achievable get-rich-quick schemes caught my eye.

It was trading Forex using 200 to 500 leverage. What really got me was how technical and mathematical all strategies sounded. Use this indicator, use that indicator, calculate Hull exponent or apply image recognition on trading charts.

I believed since I was studying technical university, that using math and physics while lacking fundamentals will make my trades profitable. The danger was that since it is a zero-sum game, you win some and you lose some.

Winning streaks get you hyped, overconfident, making you make a bad judgment on the next trade. Losing trade reversely paralyzes your decision-making process and you miss recovery run.

So in a nutshell it didn’t work and I have burned an account losing few hundred bucks. I am not good at manual trading because of the flaws mentioned. So I took a break and changed my focus to algorithmic trading. It kept me busy for few years before I gave up again.

It was a vicious circle. You lack capital so you take leverage, risk more than necessary, take a loss, lose confidence and give up on strategy. Then you try another strategy with the same results.

Haven’t I learn the lesson?

I didn’t. At least I believe this time it will be hopefully different. Instead of a zero-sum game market, I will try my luck with an upward bias asset, that is actually generating value.

This time, I won’t use any fancy indicators, just naked charts and order flow. It will be stressful and time-consuming, but I hope to train my brain with how the market behaves by spending thousands of hours reading charts.

In the past, I just set up an alert once I got a signal, executed trade, and left the position open with a take profit and stop loss. I never eyeballed the market.

Will it work? I honestly don’t know, but I am willing to try once more.

Postponed Driving Classes

It was naive to think, that after a year of the national lockdown, I could easily nail both driving classes for car and motorcycle in less than a month.

I signed for the class at the end of May with a vision to be done by end of July, so I can eventually drive the bike through summer.  But I haven’t started the first driving class until the beginning of July due to 9-5 work, holidays, and rainy weather.

To finish both classes in time, I would have to literally practice twice a week, which is not possible. Moreover, they made driving trials even more strict, giving you only 3 tries, else you have to repeat the whole class.

So there is very little margin for error and the instructor can dump you on the slightest sign of distraction. Also, the season for motorbikes ends early in October, when the weather becomes cold and rainy.

On top of that, since I signed for both vehicles I have to pass both trials at once to get a driving license.  And it does not make sense to buy a vehicle right now due to chip shortages and elevated purchase prices.

If Skoda Octavia cost about 500K CZK last year, now it climbed to 690K.

So all the odds are stacked against me, therefore I have decided to keep few driving classes left and postpone trials to spring next year. Hopefully, the situation will get better and if not, at least I will be able to enjoy riding a scooter next summer.

Live projects

The Hustle App

In September, I continued to use The Hustle every day. The big refactoring project is still on hold.

Good House Music

At the time of writing this post, my Good House Music Youtube Channel grew to 321 subscribers. A 5% increase over the previous month. I have uploaded 0 DJ mixes and only 4 new single tracks. The most viewed track recorded 92 views.

I will keep uploading till I reach 269 uploads, then we will see if it is going anywhere.

Personal Youtube Channel #1

In the previous month, I posted 0 new videos on my personal Youtube channel.

I will keep uploading till I reach 246 uploads, then we will see if it is going anywhere.

Personal Youtube Channel #2

In the previous month, I posted 1 new video on my personal Youtube channel.

I will keep uploading till I reach 30 uploads, then we will see if it is going anywhere.


I got two new customers. One old customer churned on failed debit card charge. It happens, when someone pays with a disposable virtual card that Revolut offers.

The card gets canceled after a one-time payment, which is aimed at neverending subscription services, that renews payment on your behalf.

I could carefully ask the customer for the reason he chose to not continue with the subscription, but I have to wait until I implement new useful features.

Who knows when I will get any free time since I have so much on my plate. Maybe during the Christmas holidays.

Income Report Breakdown

For charts and numbers, click on my new Open page

P2P Lending

I am still keeping few dollars on my account with an Autotrader turned on.

Savings Accounts

Right now, I still keep a small portion of money in savings accounts to cover my living expenses.

Czech National Bank increased repo rates by 0.75% to prevent further inflation growth. This allowed banks to increase their savings rates along with it.

Now the maximum rate you can get is 1.53% at Trinity Bank, but with some limitations and the new account requirement.

The second place is occupied by Creditas Bank with 1.3% up to 350K.

I have to rebalance my savings yet again to reflect the top offers on the market.

Stock Investing

In September SP Index declined by 5.7%.

There was a huge correction in mid-September when I took a 900 USD loss. It would again eventually turn around into profit in the next weeks if I hold the contract. But since I don’t have a crystal ball, I have to work with what charts show me.

I think the bubble starts to shamble and we might revisit 4000 in the near future. FED is decided on tapering QE and the inflation growth all over the world limits the growth of the companies.

Add the green deal into the mix and its implications on China’s production volume and we are set for another major correction next year.

Yes, the decline will come slowly with some minor bounce up in between because Q4 is usually the strongest quarter out of all. Companies plan a yeah ahead with the Christmas season in mind, so the anticipation from outperforming yields will prevail until the end of the year.

I will stick to my strategy and look to enter into declining undervalued titles after I noticed, that majors firms rotate from high-growth tech/meme/EV stocks into consumer discretionary stocks. Maybe it is time to bet on the staples and bulk up on chipotle and energy sector stocks.

I also know I won’t beat the market this year because of my fails and its losses. But I take it is an education fee. Having skin in the game is necessary to achieve long-term sustainability.

Used Stuff Sales

My path to life minimalism went well in the previous month. I have sold a CPU, the fewer material things I own, the more freedom I get.

Plans, dreams, and wishes

My goals for October are the following. Keep dancing and get back to creating content!

That would be it. Thank you so much for following me on this journey and see you in the next report.

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