Friday, November 27, 2009

Luck is as important as health for a person

Yes....in order to be enjoying the good things in life, one must has both good health and luck. So that....can have lots of money and able to spend them. This is not rocket science also....not so important to be too smart.

See, what I am trying to say is just look at me now! I am ready for battle in the stock market after going thru the course and understanding what it takes to "WIN". Had done back-testing of the system and confirmed it does work for most people and times. Went into the market on Tue....wow almost immediately the stock I bought went up. Next day......Wednesday, it went up further. So...powerful, went on to monitor other stocks with the system and bought Olam, Wilmar and SembMar then went to sleep. Shit....when woke up at nearly 5pm to get ready for work, checked the pc and my eyes just can't believe it. All 3 stocks went down....then checked on the news. Dubai...debt issue plus some China banks tightening of loans....and the most asian markets went down. I didn't sell....in fact, no time to think so no sell...even think today has trading. Totally forget about the holiday thingy too. WTF!

Today....HKSE went down 1000+ points and Asian market kena "HIT", now US market also kena "HIT". WTF!!!!

Now I am asking what is happening with my luck? I am prepared to do well in the stock market after thinking that I have got a good system in order to win. Now this? Who would have think of what happen in Dubai has anything to do with the rest of the world? And I was wrong with that thinking. No go in....no need to worry.

That is why.....luck is as important as good health to a person in order to have a good life. SHIT!!!

Thursday, November 26, 2009

Wah rao

Most of the European markets are down heavily today...same same with the earlier closed in Asian markets.

Will have to keep both eyes fully open on monday when market opens then may have to cover some the capital. At the end of days....at most the T3B system teached us to protect against big losses....must cover "stop-lost" and to lose no more than 8% for any trade. That way...can live to fight and another day.

Thursday trading up-date

Bought Noble on Tue....when it broke peak at 2.89 and still holding it with the closing price of 3.07.

But due to itchy backside....bought Olam, SembMar and Wilmar today and all 3 are showing negative dollar signs SHIT!!!

Now since got time to review the trades....I know what was wrong today. 1st...it's a holiday on Friday so today was last day for this week, that being so...there ia a sold off for today lor. Esp since it was a profitable period for the past couple of weeks. Time for profit taking. 2nd.....about the China tightening loans and also the Dubai thingy....they are badly impacted by the meltdown and their falling home sales and prices. Over building....so, money not enough hehehe.

About the T3B system....guessed lots of big boys also attended the course and they too have came up with their plan to beat the system. In fact....all the stock trading courses follow the same old strict rules....break peak buy...break trough sell. We are told to strictly follow this rule....but after today's trading I feel that we newbies are taken for a "ride" and we are bailing out the big boys at their high prices. Now....I will act slightly differently from the book. Seem that the Lead Trainer would listed out his thots every Sunday...I shall take his advice and think out a plan to take max advantage of the said situation.

Thursday

Another 2 more nights to go after tonight, then....4 days of rest ( man! just thinking of that...is making me feel GOOD!!! ). Plan is....to clock in some sleep time. I am like a zombie lately.

Then....to come up with a action plan for the stock and forex trading thingy. Has to plan what I view the markets to be.....up, down or sideways then trade accordingly to the plan. Have no plan...is like planning to fail but for my case....to lose money lor which I won't be happy afterwards.

Lately...work is getting super tough due to the "ramp-up" and shortage of workers but then again....the bosses won't want to know. Anyway just hope to get thru this period asap so that I can do the things I want to do later. Eg....if possible, to be able to be a full-time trader. That would be great....to have lots of time on hands to do plan review daily before trading then key-in the trades. Forex...and CFDs are all thru AUTO-trading platforms eg Onada and MF Global.

Or....to get a simple 9 to 5 job or it is okay even to land a night shift one. One that can allow me know to think and review my trades and do my planning for the next trading. Would want to quit the insurance and housing ones after all these years. For AIA...not a issue if I go for semi-retirement since I am already 20 yrs in the service with them. That way...I still can keep in touch with all my clients and friends.

Wednesday, November 25, 2009

It's a month ago since I posted my update.

Wah....pang! just realised that it has been a month ago that I up-date here. And during that time....hardly had time to breath easy be it WORK ( shit, gotto cover for other's leave and production ramp-up ), attending courses ( spent both time and money....and still gotto make time for homework's and weekly meet-up during the evening for mentoring sessions ) and also attending training hours for AIA thingy since it's already towards the end of year thingy plus meetings and meetings.

For the next few months...I expect things will be more busier and free time will be rare thing plus sleeping time will also suffer. Can only hope....I can last thru these all and to see my efforts paid off. ( Retrench with a nice package and with time to do things I can truly enjoyed doing vs....stress, pressured, kena fxxked like now ). By then....my eldest daughter should have graduated and working to help out with part of the rental for the house and car. Maybe by then...she will be doing most of the driving.

4D up-date

No luck....lately, but didn't open....stopped then immediately "open". Luckily just came in as starter so not so heartpain lor.

Up-date - Wednesday

Wah....it was a while since I last up-dated here and lots of things have changed. Work is still tough....cannot enough headcount but work must still be done. So....it is tough for everyone, but for myself the added stress is the expectation is not reduced and due to the ramp-up....it is like in HELL. Pressed the workers too hard...they just go on mc which is still easily available from the clinics. So...just gotto managed the workers and boss's expectation carefully.

I went thru the 8-weeks Forex course which just ended on last Monday....but since I signed up for the extended 6mths course, I still have to go every Tuesday's afternoon for the next 4 mths.

For the T3B - Wealth Management course, I went for the 2.5days course ( Sat, Sun and Mon ) and really enjoyed it. This really gave me my confidence back for stock trading
and this time....I'm really confident to make money. If not...then, even I mati I won't be missed. REALLY!!!! becoz the method must be strictly followed....no need to be too smart esp for when to buy and sell. Just a simple rule....buy at break peak, and sell at break trough. No break...no buy or sell. SIMPLE right???

My opinion for the courses....Forex - this is something totally alien to me but since I go with an open mind, I have no regret to spend the money for it anyway it is just 2mth's old....gotto go for another 4 mths to really judge whether or not it is right for me. The fee was 3.3K then money needed to fund the account with Onada for trading. That's another few more thousands.

As for the T3B one....even just after the 2.5 days thingy, my confidence for the whole method thingy is really sky-high even that I have not open the CFD - DMA to actively trade. I have done the back testing....and side testing and at the end of it, still considered this one really worthed my while and expense. Not cheap......
just be the course it is already 3.1K plus another 600+ for the trader screener's software. Then....for the CFD-DMA account, gotto pay for the Reuters' data feed and since I opened 2 trade areas ( SGX and Hang Seng ) that would be another 100+ every mth which can be off-set if I have a minimum of 4 trades per mth. Then the funding for the account.

In total for the 2 courses and funding plus other expenses....already set me back by 25K. Well...most ( 70% ) of it went to the funding part and this is still part of my inital layout for trading. Will have to add....as I trade more that is if things went well and smooth for me. I will also be a full-time trader....meaning I hope this will provide me with a steady income every month which is about the same as what I am getting now. I want to quit my other part-time jobs...insurance and house agent. So much attention and time for so little income and yet....kena lots of stress and pressure from clients and bosses.

Hopefully too....if everything goes as plan, I maybe go for a simple job with a small pay just to take off some of my free time. Man with lots of free time....will be tempted to do other foolish things hahaha.

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.