Comments for My Trading Blog

Comment on 2010/01/12 by coconut

coconut — Wed, 13 Jan 2010 03:15:01 +0000

fundemental (like news) or technical analysis has its pro and con.

even good news can “caused” the market to come down.

i used to like to use good news to short the market. now i don’t unless i am reversing my trade.

be flexible when employed them.

Comment on 2010/01/11 by coconut

coconut — Wed, 13 Jan 2010 02:49:53 +0000

i’ll tell you the difference.

the beginner are always get killed by the unexpected.

while the pro usually got a kill when the unexpected happen.

i didn’t see the whole crises coming, and i didn’t expected it to recovered that fast. well who cares.

Comment on 2010/01/12 by admin

admin — Wed, 13 Jan 2010 02:28:10 +0000

i am happy with the counter-trend approach for now (fading) so i will practice it and refine it.
i like that in combination with analyzing news for potential.
i think i can be a little aggressive as long as i respect the stops.

Comment on 2010/01/12 by admin

admin — Wed, 13 Jan 2010 02:20:15 +0000

mostly real money but money management rules has me on simulator sometimes.
that is how I will survive year three.

I’m trying to sort out what news is fluff and what news is market moving. I don’t believe the books that say don’t try and figure out the news. I think I do need to figure out what news is fluff and what news isn’t fluff. Obviously the news out on ILMN was something extraordinary that caused bears to totally hide in last hour. Surprise on earnings – yes. But I am just starting to understand the impact of earnings and expectations and the effect on stock prices. This will take a lot more screen time but I don’t mind.

Comment on 2010/01/11 by admin

admin — Wed, 13 Jan 2010 02:08:49 +0000

i saw an example of the great defense i needed at the end of session being short ILMN. i was so happy to have the physical stop.
i remember when i used to hold overnight – it wasn’t fun.
i need to learn to stay with trades that are working – but yes, instinct is to get out. today was a “trend day” i think. I didn’t expect one.

Comment on 2010/01/12 by coconut

coconut — Wed, 13 Jan 2010 02:04:01 +0000

a trend follower usually tend to be more aggressive while a contrarain tend to be more defensive and risk adverse (can’t take risk or can’t afford to lose).

once you got the trade “right”, BE MORE AGGRESSIVE”

Comment on 2010/01/12 by coconut

coconut — Wed, 13 Jan 2010 01:55:14 +0000

yeap, i watch the US market during my wee hour. it is weak but i’m not too excited.

i hope you are trading with real money, don’t you. it makes a whole world of different if you do or don’t.

Comment on 2010/01/11 by coconut

coconut — Wed, 13 Jan 2010 01:43:20 +0000

i’m sensing a weakness in the stock market including those in the far east.

thats my contrarain instinct at work thought i’m long the market.

it is very hard on me even i’d make “a killing” last year.

my instinct is to get out but i can’t! my system don’t allow me to.

all i can do is to hedge against my exposure.

it is my price to pay for making money. yes it is very hard.

Comment on 2010/01/11 by coconut

coconut — Wed, 13 Jan 2010 01:35:24 +0000

you got the right idea

you should start thinking about who you are and what your relationship with the market

i spend a lot a lot of time thinking about it even today when i’m trading.

market has both side, so as trader or people. we have tendency to “belong” to one side, me contrarian, you trend follow or crowd follower.

none have an edge over the other or better than the other. and each has its own weakness.

so start thinking who you are and how you as a trader can take advantage of the market and how the market can beat you up, so as to create a “defend” against it.

this is the key to your success.

Comment on 2010/01/11 by coconut

coconut — Wed, 13 Jan 2010 01:02:20 +0000

yes it is

but it is only part of it

but a very good start