sick to the stomach

yes, I am literally sick to my stomach, got a stomach flu from D's cold. I have been feeling terrible since Sunday. my lymph nodes are very tender. can't think straight all day.

WYNN broke S1 (the mid section of yesterday's candle) so I sold.
AZO did not break S1, it just fluctuated. but I did not do the math sold it also. DUMB!

went to the gym at lunch, could not finish a 30 minutes work out. convulsion in my stomach!

no trades tomorrow, a "team building" activities. I loath that.

luckily my ultra longs are running along.

shorts: my stomach
longs: GS

short me: SHLD!

Yes I will.

short SHLD,
stop: 81.82
target: 67





shorts: SHLD, the broader market
longs: DXD, TWM, SDS, SKF, MZZ

been to hell?

winner winner chicken dinner

following a specific set of rules and don't let your emotion give in.

wining in the black jack table or trading.

it is not gambling. that's why some people suck at trading, and for that matter suck at life.

I told my rules to many people, some ignored them, some questioned them.
that is all fine, most did not spend time study them nor back testing them. thus never really take the rules to their hearts, understand them and start applying them.

story 1: I told every bit of my rules to a dude, he took them, make some trades WITH me, made some money. then I vanished, couple moths later, I checked he lost money again and again. why? he did not follow the rules, he had no faith in applying the rules and gave up after couple of losing trades.

people! we are dealing with probability here!
1) go in when probability is on your side
2) get out when your rules tell you to
3) there are still losers even you follow the rule to the T, because it is probability, it is statistics, there are times when the trade goes to the fringes of a normal distribution curve, and those are your losers.

REMEMBER!


thought I said I lose more often than win, I make more money.

worry?

emotions are tough to deal with in trading, because it affects my concentration and judgment. but also I need to stay away from people or things that upsets me. the bible told us to stay clear of evil matters, I totally agree. I don't even wanted to talk about them.

Best of Success to everyone who read this article (probably no one)

stay away

today, I stopped out on 2 trades and entered later.

My experience told me that those are always ended up losing trades.

my appl trade was one of those, why was it a bone head move, because i did not do the Risk/Reward analysis.

first case study, CNQ,
Last night I was puzzled because if I trade this as a bounce down trade, the target is at 75. if I trade this as H&S break down, the target is 70. so when it broke the diagonal trend line connects the downtrend for the last 5 days, I exited. But when it bounced down from 78.6, I re-enter a new trade. 78,.6 was established in March '08.

second case, HES
exited when it trade above yesterday's high, plus yesterday's candle has a long down shadow, so I decided to tighten the stop last night.
15 mins before the ends, it moves below the open, and produced a red candle with a long upper shadow. So it met my entry rule and the target is still 82.
earnings is AMC Jul 29, so I will get out before enarnings.

last lecture

good bye parker chase

transitions are part of life, I went to 4 primary schools, yes four. then I spent the next 7 years in the same secondary school. finally I went to college and transferred only once. I have been with the same company for the last 12 years since I graduate.

when I just got to Dallas, I visited an apartment complex on Renner Rd, but the rent was too high. 6 years later I rented an apartment there, lived there for almost 2 years, shared with my wife for a few months too.

when we set out to find a day school for Markkus, we visited Parker Chase, it was too expensive. an year later, we enrolled M there, now after almost a year there, M is staying home with Mommy.

I am still adjusting to the changes, but M seems very happy about it. I feel sad, but I don't know the real reason. funny.

anxiety

it is defined in so many ways, one of them was the constant worrying of the future.

well I figured, since I stopped sudofad and consciously aware of my mind set, I feel a lot more relief.

Today ended up good, my AEM call is up, my BA put, SOHU put and WYNN put are up also, it is a rare day that I am positive in all of my positions.

market open high, by the time I got to my desk, and checked, it is already down. I was told it when down over 100 points mid day but "bounced" back.

So all of my ultra-shorts are ended up positive too.

Hope it will be the same tomorrow.

stop the beast!

I take the quick route whenever possible, so I'd rather take allergy medicine that try any natural ways.

One of my favorite quick fix is pseudoephedrine, after taking it for 2 weeks period, the "anxiety" side effect kicked in badly and it was affecting every decision I made.

so, I will try to quit (easier said and done).

losing streak

consecutive losing days on my option accounts since Jun 25, it is now 40% less than that on Jun 25.

born trader

My fru went to Tom Thumb to return 6 lb of Rib-eye I bought the day ago, because she thought that were too much. So TT took back the beef, gave her $16 and change. She then proceed for her shopping, and long be hold she saw the same package already in the fridge with 50% discount.

She got it BACK at 50% discount! Now the beef is worth the price, $8 and change.

1) she does well in life, always look for bargains
2) there must be powder in the wallet before making the purchase, otherwise can't take advantage of the bargains

from the horses' mouth

Here is someone I admire so much, Dr. Jack Graham, getting positive reviews from Dallas Morning News' Editorial

Can't deny his authority, Can't deny his leadership, Can't deny his expectations.

keep your powder dry

such that when it is time to fire, the gun is ready.

Good statement I got from an article today:

"Risks remain high and, as always, being cautious will only lose you opportunity - not capital."

extra mile

"go the extra mile" is one of the popular cliches used in big corporates, as quoted from the good book (aka. THE Bible) has actually lost its meaning as far as I am concerned.

well in trading you can't go extra mile, because going extra mile by applying more oscillators values to the entry or getting more analyst opinions is futile. technical analysis works in efficient market and efficient market reflects the price immediately. therefore if one can interpret the price action properly, one has already done the work. as far as how to interpret the price actions, after understanding the basics, it is then to gain the experience.

going back to "extra mile", there is no work can be done to please the market for average traders. unless you are a member of a big firm with big analysts publishing reports that can alter the price action. therefore there is no "extra mile" to go for in trading. (period)