Posted in Daily Ramblings on December 29, 2007| Leave a Comment »
Love Your Work or Don’t Work at All
Self-Efficacy, Physical Exercise, and Goal Attainment
Conquering Fear, a Requirement for Profitable Trading- Part I
Confessions of a New Car Buyer- Getting the Best Price
Stocks up 50% or more in a month
S&P Leading Stocks
Scripts and Authenticity: Why We Make Bad Trades
Posted in List of Links on December 29, 2007| Leave a Comment »
Love Your Work or Don’t Work at All
Self-Efficacy, Physical Exercise, and Goal Attainment
Conquering Fear, a Requirement for Profitable Trading- Part I
Confessions of a New Car Buyer- Getting the Best Price
Stocks up 50% or more in a month
S&P Leading Stocks
Scripts and Authenticity: Why We Make Bad Trades
Posted in Trading Plan Strategy and Tips on December 27, 2007| Leave a Comment »
Below is the second part of the two part year end review using questions from Trader Gav.
There have been times when I’ve strayed from my trading strategy, but not to adapt a completely new one. While I have been tempted to alter it when I see others with greater success, I understand that what may work for him or her may not work for me because of differences risk tolerance, goals, trading preferences, and etc. This is not to say that I haven’t been tempted to change strategies, but I feel that building on my current strategy will take me to the next level (rather than starting all over again with a new strategy).
To be frank, I strayed from my trading plan only last week. I’ve noticed myself exiting my winning trades either too soon or too late, and I miss out on the heart of the gains. So, what I am trying to do is figure out which chart signals I should take more to heart than others. Still, I shouldn’t be straying from my trading plan. For the most part I am doing a lot better focusing on sticking to my trading plan, but there are still times when I stray. I will have to keep a closer eye.
I am guilty of this one. I have been behind recording my past trades.
I might be, but I’ve mentioned many times before that I am focusing on trading more so now than trading psychology. Trading psychology is important, but executing a trade and action is what produces generates profit. Thinking about it can only get you so far.
Posted in Trading Plan Strategy and Tips on December 27, 2007| Leave a Comment »
Below is the second part of the two part year end review using questions from Trader Gav.
There have been times when I’ve strayed from my trading strategy, but not to adapt a completely new one. While I have been tempted to alter it when I see others with greater success, I understand that what may work for him or her may not work for me because of differences risk tolerance, goals, trading preferences, and etc. This is not to say that I haven’t been tempted to change strategies, but I feel that building on my current strategy will take me to the next level (rather than starting all over again with a new strategy).
To be frank, I strayed from my trading plan only last week. I’ve noticed myself exiting my winning trades either too soon or too late, and I miss out on the heart of the gains. So, what I am trying to do is figure out which chart signals I should take more to heart than others. Still, I shouldn’t be straying from my trading plan. For the most part I am doing a lot better focusing on sticking to my trading plan, but there are still times when I stray. I will have to keep a closer eye.
I am guilty of this one. I have been behind recording my past trades.
I might be, but I’ve mentioned many times before that I am focusing on trading more so now than trading psychology. Trading psychology is important, but executing a trade and action is what produces generates profit. Thinking about it can only get you so far.
Posted in Personal Growth Literature, Trading Plan Strategy and Tips on December 26, 2007| 2 Comments »
I went through a couple of scans last night and filtered out a list of potential buys.
One stock that showed through was Citigroup. It has just bounced off its support at $30, which has been tested twice in the last month or so. I am looking to put a stop just under $30 and a target price of $33.
Among others, LDK also looks like a good buy.
Posted in Daily Ramblings, Personal Growth Literature, Stock Analysis, Visual Inspiration on December 25, 2007| Leave a Comment »
Posted in Holiday on December 25, 2007| Leave a Comment »
Posted in Trading Plan Strategy and Tips on December 24, 2007| Leave a Comment »
Trader Gav posted an interesting set of questions to help you with your end of the year review. I thought I would answer these questions (being as frank as possible ) as I think they will help me improve my trading. Below is the first 4 questions from Trader Gav’s post. I will post the next 4 answered on Dec. 27th, Thursday.
While I do spend around two to three hours on blogs, I do so with the intent of scanning for potential buys for the following trading session. Often times other bloggers’ stock scans pick up on stocks my scanner fails to identify as possible buys. Books like Trade Your Way to Financial Freedom by Van K Tharp have convinced me that a “holy grail” does not exist. There a many successful traders with different trading styles.
I have to admit, I haven’t spent nearly as much time as I should be developing my trading style. Most of my “development” has come through the execution of trades and “feeling” out the market situation. I augment my “research” with that of reading up on current market perspectives of various bloggers and evaluating the market charts briefly every day. I’ve been behind in analyzing my past trades. For the upcoming year and beginning now, will be spending more time on developing my strategy as it is crucial for success.
Last year, I spent a tremendous amount of time on trading forums looking for new ways on how to improve my trading plan. On occasion, I would get caught up on how a random trader thought stock X was going to go up because of a ridiculous reason. They spoke as if they’ve already seen it happen, and a lot of traders would eat it up. I did a fairly good job of avoiding those traps. But, I have to admit Google Finance forums can be a death trap full of nonsense. Be careful out there.
I’ve spent a fair amount of time thinking about which trading instrument/style/timeframe etc fits me best. Currently, I only go long, but with the market the way it has been the last couple months, I feel that it’s important that I learn how to short stocks. My primary focus will be on going on long and tweaking my trading plan to best fit myself.
Posted in Trading Plan Strategy and Tips on December 24, 2007| Leave a Comment »
Trader Gav posted an interesting set of questions to help you with your end of the year review. I thought I would answer these questions (being as frank as possible ) as I think they will help me improve my trading. Below is the first 4 questions from Trader Gav’s post. I will post the next 4 answered on Dec. 27th, Thursday.
While I do spend around two to three hours on blogs, I do so with the intent of scanning for potential buys for the following trading session. Often times other bloggers’ stock scans pick up on stocks my scanner fails to identify as possible buys. Books like Trade Your Way to Financial Freedom by Van K Tharp have convinced me that a “holy grail” does not exist. There a many successful traders with different trading styles.
I have to admit, I haven’t spent nearly as much time as I should be developing my trading style. Most of my “development” has come through the execution of trades and “feeling” out the market situation. I augment my “research” with that of reading up on current market perspectives of various bloggers and evaluating the market charts briefly every day. I’ve been behind in analyzing my past trades. For the upcoming year and beginning now, will be spending more time on developing my strategy as it is crucial for success.
Last year, I spent a tremendous amount of time on trading forums looking for new ways on how to improve my trading plan. On occasion, I would get caught up on how a random trader thought stock X was going to go up because of a ridiculous reason. They spoke as if they’ve already seen it happen, and a lot of traders would eat it up. I did a fairly good job of avoiding those traps. But, I have to admit Google Finance forums can be a death trap full of nonsense. Be careful out there.
I’ve spent a fair amount of time thinking about which trading instrument/style/timeframe etc fits me best. Currently, I only go long, but with the market the way it has been the last couple months, I feel that it’s important that I learn how to short stocks. My primary focus will be on going on long and tweaking my trading plan to best fit myself.
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