Thursday, May 23, 2013
Saturday, May 18, 2013
Be my friend
While we are dealing with the craziest market ever, trading is just small portion of our life. Someone told me "You always emphasize the friendship, why you hide your identity from public?". I guess she is right. We've been together long enough, so let's be friends, and let's start with Facebook. Please send me your friend request to my facebook (Ui Dezine), so that we can see each other. ;)
Wednesday, May 15, 2013
Confessions Being A Bear
Well, maybe this will mark either a top or very close to it, though I'm majorly close to capitulating despite having traded a bit "better" lately. But I have no one to blame but myself, but I thought I'd share the circumstances I'm in just to let it out.
What it boils down to, honestly, is I am dangerously low on capital despite, in the last month, not taking more than a 7-8 point loss on any one trade (and that 7-8 pointer was actually due to a gap where I wanted to see how it opened), just the numerous -1, -2, -3 stops out have added up.
Did I trade right? I really tried, though the one thing I did not fulfill was taking profit, mainly because I wanted to hit the big one. Greed on my part? Yes, it was, in hindsight, just was at the time, I "rationalized" it as I've only got 2 contracts, do I truly want to close 1 just to get 5-10 points when all the stops out I've had have added up to (huge negative number)?
Sadly it is true most of the time, I held on, only to get stopped out when market invalidated another bear setup, or my entry was bad. The other fault I have actually was one I should have analyzed and seen coming a while. Due to my schedule, when I am able to place order, I usually let a cushion of 2-3 points on stop since I can't watch during class and the setup I was looking at came to fruition. So often I took inferior price or not an ideal entry.
Sorry, I know I wrote a lot though I hope this helps someone just to avoid mistakes that I committed. I truly love this community and whatever the case, I will continue to serve it as best as I am able to even if honestly times are bad right now in my life (even now outside of market). If anyone has any encouragement, advice or just wants to say anything to me, I'd welcome it.
On market, I came in with a couple setups in mind (there are 2 similar days I looked at), both appear to be not working, my only, I suppose, read, now, is that NQ, which we all know was very strong last week, is now much weaker and isn't really going up with the rest of market today.
What it boils down to, honestly, is I am dangerously low on capital despite, in the last month, not taking more than a 7-8 point loss on any one trade (and that 7-8 pointer was actually due to a gap where I wanted to see how it opened), just the numerous -1, -2, -3 stops out have added up.
Did I trade right? I really tried, though the one thing I did not fulfill was taking profit, mainly because I wanted to hit the big one. Greed on my part? Yes, it was, in hindsight, just was at the time, I "rationalized" it as I've only got 2 contracts, do I truly want to close 1 just to get 5-10 points when all the stops out I've had have added up to (huge negative number)?
Sadly it is true most of the time, I held on, only to get stopped out when market invalidated another bear setup, or my entry was bad. The other fault I have actually was one I should have analyzed and seen coming a while. Due to my schedule, when I am able to place order, I usually let a cushion of 2-3 points on stop since I can't watch during class and the setup I was looking at came to fruition. So often I took inferior price or not an ideal entry.
Sorry, I know I wrote a lot though I hope this helps someone just to avoid mistakes that I committed. I truly love this community and whatever the case, I will continue to serve it as best as I am able to even if honestly times are bad right now in my life (even now outside of market). If anyone has any encouragement, advice or just wants to say anything to me, I'd welcome it.
On market, I came in with a couple setups in mind (there are 2 similar days I looked at), both appear to be not working, my only, I suppose, read, now, is that NQ, which we all know was very strong last week, is now much weaker and isn't really going up with the rest of market today.
Thursday, May 9, 2013
Remember Mini-Crash & TruLine?
The recent mini crash is mini preview of what's coming. Since it's TruLine has been expired without proper action, it will do its action in bigger scale - SPX 147x minimum. When does it start? I do not know - I have to keep trying until MM shows up since they are passing up patterns for some time. It is one of those times I really need SD. Blame my long time laziness. MM has no reason to hurry, but they won't pass this golden setup. It took months for them to get this? I will get it in days.
I feel good muhahahaha
I feel good muhahahaha
Monday, May 6, 2013
They insist, and I do too
I received a message from someone who subscribes a trading service. Apparently she suffers from their wrong calls for sometime. Hence SOS.
Well, I have been fighting the "trend" for a while myself, so I have no magic words for her. I picked up some profit from here and there, but essentially I have been wrong too. Only difference between me and them is stop and/or exit plan. Stop mean stop - if you tweak it, your fate will be tweaked.
We all know the bullish outcome later this year, but I expected the correction too early. I have been wrong. I haven't seen this kind of long series of invalidations. Patterns, channels, line, you name it. Of course, all those small guys came up and playing guru games. "Money is flowing into market and only I can measure it" kind of bullshit thanks to NK.
None of these affect my opinion or outcome. I continue to short, as I did it again today. I do not know if this would be their last. Probably not. But when that happens, you will clearly see why I insisted.
Well, I have been fighting the "trend" for a while myself, so I have no magic words for her. I picked up some profit from here and there, but essentially I have been wrong too. Only difference between me and them is stop and/or exit plan. Stop mean stop - if you tweak it, your fate will be tweaked.
We all know the bullish outcome later this year, but I expected the correction too early. I have been wrong. I haven't seen this kind of long series of invalidations. Patterns, channels, line, you name it. Of course, all those small guys came up and playing guru games. "Money is flowing into market and only I can measure it" kind of bullshit thanks to NK.
None of these affect my opinion or outcome. I continue to short, as I did it again today. I do not know if this would be their last. Probably not. But when that happens, you will clearly see why I insisted.
Thursday, April 25, 2013
Tuesday, April 23, 2013
Tough to be bear? :)
There is one pattern that has been consistently invalidated recently (3 times in a row) all by opposite gap ups. This pattern represents decreasing rate of certain move, but it failed as if someone is waiting for the moment to step in. Fortunately the stop for this pattern is well defined, but still it's mysterious move.
Anyway, it cannot/will not affect my trading. I continue to trade the exactly the same way I did except I solely rely on patterns rather than SD these days. It's just mental game they play, UI is/will be the same UI no matter what they threw me into. It may not sound convincing, but I do expect gap down which has been delayed today.
Anyway, it cannot/will not affect my trading. I continue to trade the exactly the same way I did except I solely rely on patterns rather than SD these days. It's just mental game they play, UI is/will be the same UI no matter what they threw me into. It may not sound convincing, but I do expect gap down which has been delayed today.
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