Guessed...I managed to score another "F" for my last week's trades. Worst....I was running with the herd into an ambush hahaha. When the data from US came out last night, I was caught naked....shot and killed in my 3hrs-core trade as I was at work, no time to react and I have read the whole game wrongly. I "short" the yen....while I should have "short" the Eur. It was a wrong call by me. So....back to the drawing board again for me hahaha.
Why....I thought that the yen has gone up too fast and too much for the week esp when the calls are still for the USD to drop against the majors. While at the same time...
the Eur did came down already vs the USD, and since the yen was going the other way...up! So...I was thinking of betting against it just before the announcement for the US - job data thingy. In fact.....I was doing fine up to the actual announcement then....kena whacked!!! In one minute....it shot up by more than one hundred plus pips
while at the same time....the Eur "tanks" by about the same value! SHIT!!!
Saturday, December 05, 2009
1st week of trading using T3B system
After one week....I am still down a bit but it was mainly due to the "Dubai meltdown" which caused some initial havoc to all markets. The thing was it was also bad timing or bad luck on my part to enter market at that time. A perfect storm issue....luckily due to what I was taught during the training, I didn't really "chicken out" too early.
We are shown how to enter and exit the market....esp with the "stop loss" limit thingy. Also lucky....was the fact, it was a holiday on Friday here and at US...Thank-giving.
Giving people the time to re-think and review the situation....and by then on Monday, the market was just down in a calm way. Then by Tuesday....it was all "up" again.
Btw...I am not trying to promote in any way the T3B thingy. I also have experienced some doubts after using it. It is only a perfect system when the market is recovering from a low base....but for the present situation and in the market we are in, one gotto be very careful when using it when trading. Remember...the big boys are also aware of it and maybe using it for their exit plan too. If we are not careful....we may end-up to be their "cannon fodder" or worst be left carrying their "unwanted baby".
Now....I am trying to think of a smarter way to use it to encounter the above or to be in before the whole herd. Guessed that is the only to make some quick money hor.
We are shown how to enter and exit the market....esp with the "stop loss" limit thingy. Also lucky....was the fact, it was a holiday on Friday here and at US...Thank-giving.
Giving people the time to re-think and review the situation....and by then on Monday, the market was just down in a calm way. Then by Tuesday....it was all "up" again.
Btw...I am not trying to promote in any way the T3B thingy. I also have experienced some doubts after using it. It is only a perfect system when the market is recovering from a low base....but for the present situation and in the market we are in, one gotto be very careful when using it when trading. Remember...the big boys are also aware of it and maybe using it for their exit plan too. If we are not careful....we may end-up to be their "cannon fodder" or worst be left carrying their "unwanted baby".
Now....I am trying to think of a smarter way to use it to encounter the above or to be in before the whole herd. Guessed that is the only to make some quick money hor.
Friday, December 04, 2009
Try to trade stock today
In my mind, I know that today being a Friday and also with the whole week...the market has gone up quite a bit so I expected that there would be a correction which is also healthy for the market. And with Hong Kong market going down from the start, and at it's worst situation it was 300+ point "south"....our market can be said to be quite strong esp just down 17 points at the end of the day and has been trading between the 10 to 20 down points range for most of the day.
I also want to clear some of my outstanding positions....as I don't quite like to hold stock over the weekend if possible esp with the present market "topish" condition. The recent "Dubai" issue has taught me to be careful and to take off some profits whenever possible while protecting my capital and investment with "stop loss" limit in place.
The theme for trading now is to protect the capital and to be able to live and fight another day.
I also want to clear some of my outstanding positions....as I don't quite like to hold stock over the weekend if possible esp with the present market "topish" condition. The recent "Dubai" issue has taught me to be careful and to take off some profits whenever possible while protecting my capital and investment with "stop loss" limit in place.
The theme for trading now is to protect the capital and to be able to live and fight another day.
Thursday, December 03, 2009
Just a thought.
May want to try doing day trading as a full-time thingy esp for stock with side-line trading for forex when my turn to go "ROD" from my present company. But may do so for a short time....a month or two while looking for other job. Unless....I can do fairly well, meaning can earn about more or less the same as per present then I can really go full-time into it.
After looking at the youngsters....I am impressed and hope to learn from them but I don't want to impose myself on them too much. Not nice mah....yes?
As for teaching my daughter and her bf....after thinking again, best to leave them out for now. They are too hot-headed....winning may cost them dearly in future then the whole thing will bound to come back to haunt me. For my wife....I am fine with that and have already gone thru the basic T3B program with her. She is a quick learner too and that really help hahaha. For the trading platform thingy...she is even faster than me to catch what is going on during the session by the trainers as she is good with the pc thingy! She "set" up the program in the pc and lap-top for me.
Now that she is interested...we can attend more "FOC" classes together, even for those paying ones too if time permits. She has to go for her classes on every Tue and Thu for the next 3 yrs....poly! So...she may drop-out for these trading thingy to pay attention to her own course. Not easy to go to poly after all these years....rustic brain issue mah!
After looking at the youngsters....I am impressed and hope to learn from them but I don't want to impose myself on them too much. Not nice mah....yes?
As for teaching my daughter and her bf....after thinking again, best to leave them out for now. They are too hot-headed....winning may cost them dearly in future then the whole thing will bound to come back to haunt me. For my wife....I am fine with that and have already gone thru the basic T3B program with her. She is a quick learner too and that really help hahaha. For the trading platform thingy...she is even faster than me to catch what is going on during the session by the trainers as she is good with the pc thingy! She "set" up the program in the pc and lap-top for me.
Now that she is interested...we can attend more "FOC" classes together, even for those paying ones too if time permits. She has to go for her classes on every Tue and Thu for the next 3 yrs....poly! So...she may drop-out for these trading thingy to pay attention to her own course. Not easy to go to poly after all these years....rustic brain issue mah!
Up-date - Thursday
Wah....another week gone and I was just as busy as the past couple of months. Only got to swim on Monday morning for less than 30 mins then go to the sauna due to rain. No one is allowed to swim when it's rains for safety reason. Anyway....managed to swim at least once. No gym action....as I hurt my elbow last Friday helping to carry the cartons at work. Hari Raya Haji and 33 didn't turn up for work, worst it was a Friday so had to go hands-on to get the job done!
Attended the forex meeting plus also the T3B - CFD platform training with my OC as guide hahaha. Now she is going along whenever I attend courses esp the "FOC" ones. Frankly no idea she does that for wanting to learn or keeping an eye on me. Anyway, I don't really mind since I attend these meeting and training to learn a skill and not to hunt for women. That is a thing of the past....really! That is why....I am also happy that she wants to accompany me so that she can take note which is something I hate to do hahaha ( killing 2 birds with one stone??? yes?? ).
Other free time was spent.....looking at the charts for both Forex and Stock and then to do the trade-logging and reasons for the trades and also reviews. Trading is a full time thing for a serious day trader. Now....I have made friends with this group of people and can understand their lifestyle. Didn't realised that there are quite a few people who treat trading as a full-time job....only thought this applied to old folks or those who are out of work ( retrenched ) until I met a group of youngsters who went to the same forex class as me. They are all....just finished their studies from overseas eg US, Australia and UK. I thought they are just a bunch of lazy rich punks until they invited me to their "office" in town. These jokers are super serious bunch of day traders in forex as they have fully equipped trading stuffs installed in the office except that they go to the office in their bermudas instead of long pants and shirts. Their office is like really COOL too....with nice lightnings and music.
2 of them shared the cost....the rest are just friends who drop-by on and off like me who is invited to see how they work. One of them....a computer geek was working on an automatic trading robot ( trading program ) and he said that it won him over 40K for the 2 months we were attending the forex course but for past week esp Thu and Fri nearly cost him a fortune. He lost over 40K in that period due to chopping trading which the program didn't able to handle ( rubbish in rubbish out ). According to him, he missed putting the one more line of program for it to deal with such situation. It was programmed to handle trending positions or range trading only which happened for the past few months. Only when we attended the Tuesday afternoon meeting, the instructor told us that was the usual DEC thing....some of the traders are starting to close their positions in order to close account/book for the year esp those who have done well over the months and also for the Jews...they have their holidays coming up so, they are closing their accounts too. Then trades will be chopping and not trending which is also unpredictable too. No wonder....I am losing my trades too esp for inter-day ones. These youngsters are also into inter-day trading....as they put their robots to work 24hrs as forex trading is a 24hrs/5days a week thingy. Their only fault....is they didn't program it "right" due to over sight.
Told them...that I have to learn from them ( a pair of twenty-something, tall and handsome young men ) no wonder the aunties in my class always called them to help them with the forex homework and questions.
For the T3B weekly meeting...also same day except it is from 7 to 10pm. For this week, it was for the CFD platform which the MF Global paid them to teach us to use their platform for trading. These MF Global people really cannot teach....as compared
to those from T3B speakers. They are about the same standard as from other CFD companies eg Philips, etc. Very dry....and boring, just nice to fall asleep during their training. Anyway since it's "FOC"....cannot complaint lor.
Now...back to work again.
Attended the forex meeting plus also the T3B - CFD platform training with my OC as guide hahaha. Now she is going along whenever I attend courses esp the "FOC" ones. Frankly no idea she does that for wanting to learn or keeping an eye on me. Anyway, I don't really mind since I attend these meeting and training to learn a skill and not to hunt for women. That is a thing of the past....really! That is why....I am also happy that she wants to accompany me so that she can take note which is something I hate to do hahaha ( killing 2 birds with one stone??? yes?? ).
Other free time was spent.....looking at the charts for both Forex and Stock and then to do the trade-logging and reasons for the trades and also reviews. Trading is a full time thing for a serious day trader. Now....I have made friends with this group of people and can understand their lifestyle. Didn't realised that there are quite a few people who treat trading as a full-time job....only thought this applied to old folks or those who are out of work ( retrenched ) until I met a group of youngsters who went to the same forex class as me. They are all....just finished their studies from overseas eg US, Australia and UK. I thought they are just a bunch of lazy rich punks until they invited me to their "office" in town. These jokers are super serious bunch of day traders in forex as they have fully equipped trading stuffs installed in the office except that they go to the office in their bermudas instead of long pants and shirts. Their office is like really COOL too....with nice lightnings and music.
2 of them shared the cost....the rest are just friends who drop-by on and off like me who is invited to see how they work. One of them....a computer geek was working on an automatic trading robot ( trading program ) and he said that it won him over 40K for the 2 months we were attending the forex course but for past week esp Thu and Fri nearly cost him a fortune. He lost over 40K in that period due to chopping trading which the program didn't able to handle ( rubbish in rubbish out ). According to him, he missed putting the one more line of program for it to deal with such situation. It was programmed to handle trending positions or range trading only which happened for the past few months. Only when we attended the Tuesday afternoon meeting, the instructor told us that was the usual DEC thing....some of the traders are starting to close their positions in order to close account/book for the year esp those who have done well over the months and also for the Jews...they have their holidays coming up so, they are closing their accounts too. Then trades will be chopping and not trending which is also unpredictable too. No wonder....I am losing my trades too esp for inter-day ones. These youngsters are also into inter-day trading....as they put their robots to work 24hrs as forex trading is a 24hrs/5days a week thingy. Their only fault....is they didn't program it "right" due to over sight.
Told them...that I have to learn from them ( a pair of twenty-something, tall and handsome young men ) no wonder the aunties in my class always called them to help them with the forex homework and questions.
For the T3B weekly meeting...also same day except it is from 7 to 10pm. For this week, it was for the CFD platform which the MF Global paid them to teach us to use their platform for trading. These MF Global people really cannot teach....as compared
to those from T3B speakers. They are about the same standard as from other CFD companies eg Philips, etc. Very dry....and boring, just nice to fall asleep during their training. Anyway since it's "FOC"....cannot complaint lor.
Now...back to work again.
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