Eric Evenstad

Visiting Austin, New Habits, Aeropress, AutoGPT & Managing Emotions as a Crypto Trader

Visiting Austin, New Habits, Aeropress, AutoGPT & Managing Emotions as a Crypto Trader

Eric Evenstad • Apr 23, 2023

Read Time: 4 Minutes

Happy Sunday! Hope you had a great week. Here are a few things that have caught my interest this week. I hope you enjoy.

Great Place to Visit: Austin, Texas


Last week, my wife and I took a kids-free trip to Austin, Texas with a couple of friends. After spending 3 days there, I can easily see why Austin has become such a popular place to live. It has warm weather, beautiful parks & bike paths, world-class restaurants, and an abundance of live music & entertainment. We had a great time so I thought I'd share a few of the things that we enjoyed most.

Where to stay: We rented an Airbnb at the Natiivo Condo Tower. It had all of the amenities of a nice hotel including a bar & coffee shop in the lobby, a well-equipped gym, and a beautiful rooftop pool. But the real reason to love Natiivo is its location. It's centrally located in the Rainey Street District and within walking distance of Lady Bird Lake, Downtown, and the South Congress area.


Things to do: 

- Walk or bike the path along Lady Bird Lake in the center of Austin

- Swim at Barton Springs Pool

- Watch 1.5 million bats fly out from under Congress Avenue bridge at dusk
- Explore
Austin's Central Library (sounds boring but it's worth a visit)

- Listen to live music pretty much anywhere

- Catch a comedy show at Comedy Mothership, Joe Rogan's new comedy club (we didn't get a chance to do this but it'll definitely be on the list for next time).


Where to eat: 

- Intero: Incredible farm-to-table Italian restaurant

- Happy hour on the patio at Perla's for oysters & drinks

- Aba for cocktails & Mediterranean food and top-notch vibes (make sure you get a reservation)

- Terry Black's BBQ for Texas-style barbecue. There are other more well-known places for BBQ but if you want to skip the 3-hour line, Terry Black's is a great option.

- Grab a marg and some Mexican food at Guero's Taco Bar (the Burrito Especial with Chicken al Carbon is crazy good) and then head next door to their "Outdoor Cantina" for live music and drinks. 

New Habit


I'm a learning junkie. If I'm not working or with my family, I'm deep in a podcast, book, or online course. But last week, I made it a priority to schedule more time with my thoughts. Instead of throwing in headphones while I walk my dog, I've been using the time to brainstorm, think deeply about my goals, and analyze what's working and what's not. It's given me a sense of calm and allowed me to uncover simple areas for improvement in my life. 

Favorite Find


Aeropress Coffee Maker: For years, this has been my go-to coffee maker. It's compact, affordable, easy to travel with and it makes an exceptional cup of joe. It's not great if you regularly have guests over for coffee but if it's just you or your significant other, I don't think you can find a better coffee apparatus. 

What Has My Interest


AutoGPT: I still need to spend a lot more time learning about AutoGPT but it appears to be the next big breakthrough in AI. Basically, AutoGPT turns GPT-4 into your own powerful assistant by connecting GPT-4 with apps, software, and web browsers. Here are some pretty incredible use cases

Managing Emotions as a Trader: This week I took my first big L since I started to leverage trade crypto. I was on the wrong side of an impulsive move and it took a good chunk out of my portfolio. This is part of the game and I expected it to happen at some point, but what I didn't expect was the emotional reaction I would have to the loss.

In the days after, I found myself making poor investment decisions in an effort to "make up" for the loss. I threw my trading rules to the side, lost my confidence, and forgot everything that had previously made me successful. This resulted in me taking an even bigger loss and missing clear opportunities to get on the right side of the next trade.


It's now clear to me that I need to make it a priority to understand and regulate my emotions when I'm trading. I need to get better at setting up non-negotiable rules for when and how I trade. I need to create frameworks for how to trade after wins and losses and how to manage risk.


All of this will be a huge focus for me in the coming weeks and as always, I'll be sure to share what I learn along the way.

That's a wrap for this week's newsletter. I hope I've helped you discover or learn something new. 


Have a great week ahead!


Eric

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