TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

Challenge ahead

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It had been two tough and dark weeks for me. But, I reckon the worst is over. If you follow me on twitter, you’ll know what I am talking about. There’s nothing worse than looking at your loved ones falling sick, lying on the bed. Well… I don’t want to repeat and recall that. Let’s say, all is good now.

So, what is next for me? Exciting, and challenging. I am finishing up my current day job at the end of this month, and due to some family health issues, I am required to travel around Indonesia/Malaysia/Singapore/Australia for the next 6 months or so.  Well, trading is the only thing that I can/I want to do under this situation. Is this called full time trading? Whatever, I don’t care.  Bottom line is , I will have more time on market research, and trading, but, in different countries. I am excited about this challenge. But, I still want to call Australia home. I just love Melbourne.

You’ll never know what life is going to offer you tomorrow. So I choose to enjoy the challenge. There are still some small issues to be settled, and I should be back to action next week.

It can be tough, tougher, or even the toughest. But there’s no ‘toughester’, so it will be better at the end of the day.

Have a good trading week.

Updates, Social Networking shutdown & U.S Open

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First of all, I am actually enjoying my current social networking shut down mode. I have not logged into Twitter for a week or so. And I don’t feel anything missing nor I miss anything. So, let’s see when I feel like tweeting again. Never mind, who cares?

Trading front, nothing new, I am still trading well as usual. Nothing special to report. Boring job.

I am following U.S Open closely, and I am in fact, paying the cable service just to watch the match and replay of the matches. I am not going to make any prediction, because, as usual, champion is going to Roger Federer, while, for women title, I just hope Williams sisters get kicked out, I think I am not asking too much. 🙂

As we speak, I am watching Maria Sharapova Vs Mchale. It is interesting to see that, the camera man caught a shot that Maria was holding her fist tight, looking serious, and maybe, nervous. But I think she is going to win. This got me thinking about trading.

During the game, it is all about you. Pushing yourself to the peak is all you need to do. There is a little to none margin for mistake. You missed a shot, you lost a point. Making mistakes repeatedly will just end your match, and to the worst, end your career. You can tell people, you have been working hard, you are having bad time with your shoulder etc, yes, but sympathies do not earn you anything.

There are still a lot of points, but I am just too lazy to write, things like consistency, having a game plan for different opponents etc.

OK,  you got the point.

Go Maria.

Saturday, updates

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I am holding my short position of EURGBP right now. This is an interesting trade, probably because of the intense converstation between me and Davidpotts on Twitter. He is out from the position now while I am still holding on. Let’s see how it works out. So far, I am still convinced that EURGBP is overbought. I will let the market take me out if I am wrong.

Increasingly, I am getting more and more uncomfortable talking about details of my trade on Twitter. Firstly, I never intend to offer free entertainment or education (if there’s any 🙂 ) service to silent readers.  And the only purpose I can see the fellow twitters doing so is to attract readership of their premium services, or paid newsletters subscriptions. I offer none of them, anyway.

I like the discussion like the ones I had with David but, keep the conversation public is not something that I am confortable with. Not sure what am I going to do next.

Anyway, one trading day left for the month of August. This is a relatively quiet and not so impressive trading month. Looking at my monthly report, I stay rather flat at the moment. Let’s see what September brings to us.

I am looking forward to tonight’s home cooked Burger dinner at my friend’s place. It is always nice to catch up with friends. Here is the menu I’ve received

Entree
Be surprised!
(fact is we haven’t figured that one out)
Mains
Pommes frites
with a choice of rosemary or truffled salt (i.e. French fries)
Hamburg steak
(i.e. hamburger)
It also comes with a free burger bun,complimentary condiments, pickles,salad…
(no we don’t charge for tomato sauce and mustard)
Dessert
A really mean A&W root beer float with vanilla ice cream