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Rant

Postmoterm 08-Nov-2006

by Gav Leave a Comment

Prejudice. I always have this problem when I am looking for trade. Today’s action showed my problem again. subconsciously, I was thinking the market “Should’ sell down. The “Should” limited me. I was not flexible to look for other trading opportunity. Because of this ‘Should’, I gave myself a lot of excuses, like ‘ moving avarage is trending down, there were resistance up there blah blah blah’. In the hindsight, I do not think these thoughts are judgement calls, instead, they are excuses to be inflexible.

I am not saying my last stopped out ES trade was bad trade. The trade was established according to plan. But, after the trade was closed, I just can’t switch myself back. I was still in ‘Shorting’ mood for the rest of the day. Looking back at charts, there were a couple of nice scalping setup, should I be not so inflexible.

Mental problem. I acknowledge this problem. I am going to fix this. Fix my own brain.

Well, I received an email from Tradestation this morning. Though I am yet to receive my refund, I am glad with their prompt response. I was informed about the billing issue when I gave them a call yesterday, and, a formal email reply is received within 1 working day.

After reviewing our November billing, we have determined you were billed in error for the TradeStation platform ($99.95) and/or RadarScreen ($59.95). In October, you did meet the thresholds for these fees to be waived. We will process a credit for the amounts you were billed. We apologize for any inconvenience you experienced and we are working to insure this does not happen again.

Thank you,
…..

Filed Under: Rant Tagged With: Trading Psychology

My money blog link

by Gav 4 Comments

Go check out My Money Blog.

Interesting entry, I got from Eyal and Maoxian’s blogs.

My Money blog caught my attention some time ago. And, in fact, it inspires me to start a blog to write about money and wealth growing since I am below 30, not cash rich and I am definitely not from a rich family (we moved to our own small house when I was 11 years old, before that we were moving around , renting), working in rat-racing corporate world.

My desire of making money is so strong. uhm…Maybe I should really consider starting the blog sooner, it can keep up my spirit, and brainstorming ways to grow my wealth.
But before that, go check out my money blog.

Filed Under: Rant Tagged With: blogging

No trade again 02-Nov-2006

by Gav 2 Comments

After watching the market until lunch time, I decided to call it day. Nothing interesting. We have Non Farm payroll (employment situation) report tomorrow.
What a boring day.

[photopress:136_3631_dog3_web.jpg,full,pp_image]

I am still preparing photos of my Malaysia trip. Here are the preview. My mum’s latest pet. His name is ??(millionaire). Trust me, he is a good fighter.

[photopress:136_3638_dog2_web.jpg,full,pp_image]

[photopress:136_3630_dog1_web.jpg,full,pp_image]

Filed Under: Rant Tagged With: Trading Psychology

Traders Laboratory>>So What is The Market doing now?

by Gav Leave a Comment

I found this post by James (a.k.a Soultrader) in Traders laboratory. Very interesting. He uses market profile to review the market and prepare his trading plan for the coming days.

Check it out.

Filed Under: Rant Tagged With: Links, Strategy & tools

No trade 01-Nov-2006

by Gav Leave a Comment

Dear diary,
Now, I can only start trading after 1030pm Singapore time due to the daylight savings thingy. Well, no big deal. But, the stupid flu virus is trying very hard to hit me. I am popping in Multivitamin before start trading.

First, No dummy. I did not see any low risk dummy entry today though NQ were having a down day.
Secondly, I don’t have a plan to trade when market gap up and subsequently moving down. I decided to give it a miss before I have a concrete plan for this type of condition. I have been watching squeeze play (bollinger band breaks out from keltner channel)? for the past few days, I do not start trading this strategy as I can’t figure out the exit point. From my experience of dummy trading, my trading result will suffer when I do not have a target.

Well, let’s trade better tomorrow.

Filed Under: Rant Tagged With: Trading Psychology

FireFox 2.0 Launched

by Gav Leave a Comment

I am back. Before I continue, go download FireFox 2.0! I am still playing around with this. Here is the snapshot of FireFox2.0 with cooliris preview add-on. So cool.

Go, check it out now.

[photopress:firexfox2.0.JPG,full,pp_image]

Filed Under: Rant Tagged With: fun

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