TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Blog and Rants

August 2006: Week 4 review

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Time to review result of this week. Beautiful.. This is the first ever negative week for me. My performance curve started the week down and drifting down with no turning back until Thursday. Nice downtrend huh?

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This is a tough week for me.

Overall, I am still in positive territory for August, but this week’s bloody performance has dramatically dragged down my performance.Anyway,
Another week to go.

One of these days,we will get them

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This is the business we have chosen ~ The GodFather, the movie

Read: The four-day week challege

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This is an interesting article about working only 4 days a week by Ryan Carson. It is kinda mental game. Here is the snippet of it.

So why is it important to work less? What?s the big deal?

The reason is that when you work less, it gives you more time to experience life and think; you can use the extra time to not only spend with people you love, take up hobbies, or invest in causes you believe in, but also to have ideas. Some of our best ideas have come while driving, gardening, reading, or painting on the weekend.

But what if your job is something you enjoy? What?s the harm in working hard and long at it? Well, I can fully identify with this. I absolutely love running Carson Systems. It?s fun, challenging, rewarding and profitable. I often find it hard to work less because I love what I do.

Here?s the problem though: When I?m old, I won?t wish that
I spent more time building web apps or organizing events. Spending time with people I loved or helping people is what will really have mattered to me. Working less gives you the time to do it and also rejuvenates the brain cells so that you can come back to your work with a fresh outlook. Variety is key.

You can find the full article here

Postmortem 24-August-2006

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Dear diary,

It is getting more obvious now, I am likely to end the week with loss. In fact, I am preparing the performance chart now, DARN.

There were a couple of setups appeared in E-mini S&P, mini-sized Dow and E-mini Nasdaq. I chose mini-sized Dow and missed the entry of Nasdaq.

It really involved a little bit of luck here. I chose a bad one. Nasdaq was running without me happily, and it hit a 1-R gain easily. While, the old man Dow was enjoying its strolling. I was extremely tired, physically. In fact, after putting my stop order, I dozed off in front of my screen. Dow was 2 ticks away from 1-R gain, AGAIN!?! , this time I decided to move my stop to break even point and subsequently covered the short position with some very small gain after realising my tiredness.

This is a trading day that my broker is the only one who is pleased. But, at least I put a pause at my string of losses. I will really slow down and strict in stocks index trading now until U.S larbor day. I am shifting my focus to currency trading for the time being.

Time to have some coffee. Let’s fight another day.

Dummy day trading #21 24-August-2006: mini-sized Dow: Short trade closed

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This is a slow trade. Short position of mini-sized Dow was established below 10am (chicago time) candle. Due physical tiredness, I decided to close the trade with small gain.

Time to catch some sleep. Postmortem will be posted tomorrow. At least, I stopped the bleeding week.

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Netvibes.com rocks

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Thanks Trader Mike for introducting NetVibes. I have tried out this Web 2.0 product. That’s so cool. Do a bit of configuration and set it as your home page of your browser.

You can have you Email (Yahoo, gmail or even your pop3 email!) To-Do list, web note, news feed, world time zone, RSS feed, web search box etc…in one place. If you are a tab fanatic like me, you can always create a new tab anytime.

Netvibes.com rocks.

Here is my Netvibes screen. Cool huh. 😀

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