tag:blogger.com,1999:blog-65807347480979075422024-02-07T05:54:45.448-08:00FULLMETAL CHARTISTA lesson without pain is meaningless. That's because you cannot gain something without sacrificing something else in return. But, once you've withstood the pain and overcome it, you will gain a heart that is stronger than everything else. Yes. A Fullmetal heart.Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-6580734748097907542.post-72807495733090261492019-09-28T01:20:00.001-07:002019-09-28T01:20:38.087-07:00What Does It Take?<div style="text-align: center;">
Many times, people think that there is a secret.<br />
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But the truth is it's just the timeless things mentioned over and over and over and over again.</div>
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And it's going to sound really cheesy.</div>
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Like "<b>doing what you love</b>" or "<b>not giving up</b>."</div>
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The challenge is when people say "Don't give up."</div>
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<span style="text-align: start;">Other people just think, "Oh that's too basic! Alam ko na yan. Yan naman lagi sinasabi."</span></div>
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You hear it all the time.</div>
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But people don't implement it and incorporate it as part of their lives.</div>
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But really, that's just what it is.</div>
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The most successful people just never gave up despite all the failures.</div>
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In every single thing that they got working, people don't see the 80% that didn't work.</div>
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<b><i>So when you encounter failure, realize that that's part of the process.</i></b></div>
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If you take a look at every single person that's ever done well, that has made an impact to the world, you will realize that failure is unavoidable. It's part of the journey.<br />
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The challenge is most people, when they see something or someone fail, they think that it's not supposed to happen. IT IS supposed to happen. Because it's part of the process.</div>
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When you take a look at every person that's done well, changed lives, made an impact, made a difference, everybody fails.</div>
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The question is</div>
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"How fast can you pick yourself up and continue without loss of enthusiasm?"</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com2tag:blogger.com,1999:blog-6580734748097907542.post-52186809352670058962019-02-26T03:38:00.001-08:002019-02-26T05:00:09.535-08:00Boom and Bust<div style="text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWICkUdq1k6a-BesdVd-Be3YgutL0O32LPBbAqGq5hN6XsG0yojVOUkPBBUzgwHYiLZZ7HjY4hje-wCHu0mGisO_YFCE-kOWlkcPU_P_GzCKJUg9iScacaCsV0vwQB213xCwIE6vZ9rZc/s1600/tulip-mania.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWICkUdq1k6a-BesdVd-Be3YgutL0O32LPBbAqGq5hN6XsG0yojVOUkPBBUzgwHYiLZZ7HjY4hje-wCHu0mGisO_YFCE-kOWlkcPU_P_GzCKJUg9iScacaCsV0vwQB213xCwIE6vZ9rZc/s400/tulip-mania.jpg" width="400" /></a></div>
<span style="font-family: "calibri" , sans-serif;"><span style="font-size: 14.6667px;">a reaction paper on the film "Wall Street"</span></span></div>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">The very first thing I can relate to is how the movie started. Bud Fox
commutes to work. He rides the train and walks a few hundred meters to get to
his office. When he arrives, he still has to slug it out with other employees in
order to get to the elevator first. I experience this every day at work. I walk
to the tricycle terminal under the scorching heat of the sun, get to another place where I ride a van bound to Ayala, get off at
the last Mini Stop at Kalayaan Avenue, then walk a few hundred meters to my
office building where most of the time, the line to the elevator is long.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">An old man by the name of Dan reminds me of my not-so-young officemates
and some family members. They’re in their late 40’s and early 50’s and yet
they’re still working their asses off doing what they don’t want to do just to
earn a living.</span><br />
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<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Bud Fox’s boss said <i><span style="color: lime;">“Stick to the fundamentals. Good things sometimes
take time.”</span></i> While most traders who can relate to this quote would say it’s an
approach to trading (fundamentals vs technical), I saw it as a reminder for me
to stick to the basics. I realized that I reached five years trading
and yet I don’t have a sound risk management approach which is a
fundamental requirement if I want to be a great trader.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">Gordon Gekko is any great trader today. He could be Zeefreaks, Kidlat,
Charles Lim, T3, or Imbang Klase. He’s an enigma. He’s so good he becomes an
excuse for people not to try. I am like Bud Fox who wants to get in contact
with these great traders. I did everything I can to be part of the Zeefreaks
Tribe. I know I couldn’t get in via Subasta. So I tried my chances in the
Gentlemen Bastards Program and failed. Then, after more than a year of following
the tribe trying to copy their trades, I got in the Bastard Program.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“Life all comes down to a few moments.”</span></i> This quote of Bud Fox reminded
me of what Kap said at IMPACT: </span><br />
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<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">The challenge is getting past the fear that stops me from
making that decision. </span></div>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i>“You wanna be in your sixties still pitching?”</i> Bud Fox’s friend Marvin
asks. This to me is something I dread. I don’t want to work for someone else
‘til I get 60 years old. That’s horrible. I want to retire at 40. Early 40’s is
late enough. This means I have at most 15 years to be the best trader I can be.</span><br />
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<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i><a href="https://www.youtube.com/watch?v=-TLCaDbBv_s" target="_blank"><span style="color: lime;">“The public’s out there throwing darts at a board. I don’t throw darts at a board. I bet on sure things. Read Sun Tzu, The Art of War. “Every battle is won before it’s ever fought.””</span></a></i> According to Mark Douglas in his book
“Trading in the Zone”, a good trader must have a probabilistic mindset which
means that he should accept that his trade could possibly be a loss. When Gekko
said he only bets on sure things, he probably means that he only takes trades
where he has an edge where the probability of him being right is greater than
being wrong. Otherwise, why take the trade? Why go into battle if it’s not in
your favor? When I take trades, sometimes, I buy stocks where there are no
set-ups. It’s just my emotion that took over. It’s just the fear of missing out
manifesting itself. Sometimes I take trades that have bad risk-reward ratios
just because I want to get back what I lost from the previous trade. Sometimes
it’s just my boredom because my positions are not moving. All these things that
I did, they are battles that I shouldn’t have gone into. I could’ve just stayed
on the sidelines and waited for the perfect opportunity to strike.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i>“A fool and his money are lucky enough to get together in the first
place.”</i> These are the people who get one giant killing and immediately think
it’s going to be like that forever. I personally had moments like this. When I
made a killing in $ION from 0.70 to 2.00, I thought that I already have the
skills to replicate it. Heck I even thought of resigning from my current job. That I could make money easily like that.</span><br />
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<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">But the
reality was, I didn’t have the skills yet. So after that trade, I kept on
losing money until eventually, my port was down again by a huge percentage.
Relating it to T. Harv Eker’s lessons, I was a “fool” because my financial
thermostat was set at that fool level. So when the money came and got my port
to “genius” level, I thought I was a genius. But then I gave all my profits
back to the market because my thermostat is still at fool level.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i>“You need guys that are poor, smart, and hungry. And no feelings. You
win a few, you lose a few, but you keep on fighting.”</i> This is me. I haven’t
figured out how to manage my emotions that well yet, but I know I have what it
takes. I just have to keep going. Failing forward. Learning from my mistakes
and not repeating them. Doing better than before.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">When Gekko told Bud about his profit from his first real estate deal, he
said <i><span style="color: lime;">“At the time I thought that was all the money in the world. Now it’s a
day’s pay.”</span></i> It reminded me of Henry Tan’s line from the last Road to
Consistency workshop. <span style="color: lime;">“Yung port ko dati, day change ko na lang ngayon.”</span> And
also of what Kap shared sa IMPACT workshop.</span><br />
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<ul>
<li><span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">5-year income turned to 1-year income</span></li>
<li><span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">1-year income turned to 1-month income</span></li>
<li><span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">1-month income turned to 1-day income</span></li>
</ul>
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<span style="font-family: "calibri" , sans-serif;"><span style="font-size: 14.6667px;">To all those who attended the last TRxForum, remember Kap's port snap in his CH play? The one that lasted five days? That's my 5-year income working for my employer.</span></span></div>
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<span style="font-family: "calibri" , sans-serif;"><span style="font-size: 14.6667px;"><br /></span></span></div>
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<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">By the time Gekko was trying to convince Bud to get inside information
for him, this time, he’s like the personification of delusions of grandeur.
Riches beyond imagination, rich enough to own a private jet, one hundred
million dollars. Usually, this is what gets newbie traders into the market
thinking it’s easy to get rich quick. Blinded by the rewards without weighing
the risks involved.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i>“<span style="color: lime;">Remember, there are no shortcuts, son. Quick-buck artists come and go
with every bull market. But the steady players make it through the bear
markets.”</span></i> This couldn’t be more true because I’ve had personal experience. This 2018Q1 was a bull market. I quadrupled my port in less than three months. But when
Q2 happened, I lost almost all of my profits. This is why I’m still studying and reflecting on what went wrong. What I
lack and what I have to do more of. There are definitely no shortcuts when it
comes to success.</span><br />
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<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i>“Bet the ranch. It’s on automatic pilot to the moon.”</i> This is what
hypers told me during my first years as a trader. This was especially abundant
when I was a member of different facebook groups. And I personally got dragged into
those schemes losing me my hard-earned money.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">When Anacott Steel was going up, Bud Fox suggested to Gekko to sell it
and book 24million dollars in profits. But Gekko said <i><span style="color: lime;">“First lesson in
business. Don’t get emotional about a stock. It clouds the judgment.”</span></i> This is
another trading challenge for me. I realized that when a stock that I’m holding
goes up, I get high. When it goes down, I feel depressed. Not every time. But certainly,
there shouldn’t be any time to be emotional about a position. The best approach
is to see it objectively and follow the trading plan. The scene was Gekko
sitting on a couch watching TV. He’s so <i>“in the zone”</i> that he knows exactly
what to do in that scenario.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i>“The key to the game is capital reserves. If you don’t have enough, you
can’t piss in the tall weeds with the big dogs.”</i> In trading, you can’t trade if
you don’t have capital. And you certainly can’t ride the high flyers if your
port doesn’t have anything in it.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><span style="font-size: 14.6667px;">---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</span></span>
<span style="color: red; font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Sun Tzu’s Art of War:</span><br />
<span style="color: red; font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="color: red; font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i>If your enemy is superior, evade him.</i></span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><span style="color: red;">- I am a momentum trader and I don’t have a downtrend set-up yet.
Therefore it’s better for me to stay on the sidelines, be defensive, and not
trade on a bear market.</span></span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><span style="color: red;"><br /></span></span>
<span style="color: red; font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i>If equally matched, fight.</i></span><br />
<span style="color: red; font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">- I am a momentum trader and I thrive on a bull market. Therefore the best
plan of attack on a bull market would be to go aggressive.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><span style="font-size: 14.6667px;">---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</span></span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><span style="font-size: 14.6667px;"><br /></span></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><i>“Money never sleeps, pal.”</i> – Gordon Gekko</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Passive income. Rich people make money work for them. They don’t work
for money. They could sleep all day or go on vacation for a month and it
wouldn’t affect their income because they have set up a system that works even
without them.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i>“This is your wake-up call, pal. Go to work.”</i> This quote applies to me
in its truest sense. I’ve been trading for five years and yet I’m
still not consistently profitable. I have read lots and lots and lots of
articles and blogs about trading. I’ve watched thousands of trading and
motivational videos. I’ve done thousands of trades. But I’m still not consistently profitable. This proves there is something wrong. Not only with my system. But most
importantly, with me.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">There is a scene where Gekko’s son throws a strawberry and it hits the
face of Gekko’s lawyer. What’s saddening is the lawyer’s reaction. He couldn’t
do anything but remove the strawberry. Not because it was thrown by a child.
But because it was thrown by his employer’s son. Just like in my current job, I
can’t complain about going to work even when there’s a typhoon. When I’m sick,
I have to inform the authorities. I can’t argue about the boring stuff I do. I
can’t refuse a double shift if there’s a shortage of people. If I
want some time off, I have to let my employer know. Basically, my employer
controls a significant chunk of my time and therefore my life. I want out.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“The stakes are going up. No mistakes.”</span></i> In the big leagues, it’s
different. The way I handled my five-digit portfolio should be different from handling
a six-digit account. What more for the seven-eight digit account of the ZFT mentors. If
I want to handle and make as much money as them, I should trade like them. No
room for mistakes.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“We’re all one trade away from humility.”</span></i> – Marvin</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">This rings so true to me. It has happened to me countless times where I
would make a killing (+30%,+40%,+50% profits) in the market and then give all
those profits back, even more, because of poor trading decisions. The market
has humbled me so many times.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<br />
<div style="text-align: center;">
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><span style="font-size: 11pt;">Darien is the personification of good trades. Whenever Bud Fox makes a
lot of money, Darien is there.</span></span></div>
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2Uc4oodJMIqOfh0cmwAm9iR7ODQ9XGx8i8oDkWeFiPS3VTeM-4XZIAnh2U20BJIe45KFbtR2sqrAYaeM_JLLEcP8u1LE0weGqboesQD9fp62o4Rn8Yw44KQdHJpKA-ice9Tz70uJQstg/s1600/Screenshot_2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="352" data-original-width="542" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2Uc4oodJMIqOfh0cmwAm9iR7ODQ9XGx8i8oDkWeFiPS3VTeM-4XZIAnh2U20BJIe45KFbtR2sqrAYaeM_JLLEcP8u1LE0weGqboesQD9fp62o4Rn8Yw44KQdHJpKA-ice9Tz70uJQstg/s320/Screenshot_2.png" width="320" /></a></div>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">When he makes a lot of cash, Darien makes him
feel good about himself. Like he’s the best in the world and it’s never going
to end. That Edison, Da Vinci, and Einstein are watching him do his flawless
trade executions. That he’s a genius. But when Darien is not around, he feels
down and incomplete. Darien runs his life. Bud Fox has an emotional attachment
to Darien and he is aware of it. But he chose to tolerate this behavior because
it feels good even if it’s costing him a lot.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Whenever I experience good trades, whenever I make 20%, 30%, 40% or more
profits from a single trade, I have to admit that it really feels good. Like
everything is awesome and nothing could go wrong. What I failed to realize,
like Bud Fox, is that this “feeling” is what would cause my downfall. Because
almost always after a winning streak, I would take bigger risks. I would take
set-ups not in my arsenal. I would take factors which don’t help me in
objectively assessing the market. As a result, my profits would get burned and
I would end up with a loss.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“In my book, you either do it right or get eliminated.”</span></i> Gekko tells the
board of directors of Teldar Paper. To me, the market is unforgiving. If you
come unprepared, you’ll lose your hard-earned money. If you trade emotionally,
you’ll lose. It’s survival of the fittest. You can’t cry or beg your way to
profitability. Only the strong survive. And strong people are those who can
execute their trades objectively just like Gordon Gekko liquidating Teldar
Paper. This is why he said <i>“Greed, for lack of a better word, is good.”</i> Because
greed makes us better persons. Greed makes us better traders. It makes us
hungry for knowledge and skill.</span><br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM657qLwampmEA3CsxqCREbXui8xnoDVMKM3zrpWqKEM7UGFUEFdh4V4zPi_IuNvEGZ58HBkDxvgx6uHrTVS_kmk70XLRirpWjaKnjUquGSih57jqstoKZBeN1m81nQIlPz2Ohl_pqe-g/s1600/Screenshot_3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="341" data-original-width="940" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM657qLwampmEA3CsxqCREbXui8xnoDVMKM3zrpWqKEM7UGFUEFdh4V4zPi_IuNvEGZ58HBkDxvgx6uHrTVS_kmk70XLRirpWjaKnjUquGSih57jqstoKZBeN1m81nQIlPz2Ohl_pqe-g/s640/Screenshot_3.png" width="640" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "calibri" , sans-serif; font-size: 14.6667px;"><i>“Darien! Lightning has struck.”</i></span></div>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“It’s not always the most popular guy who gets the job done.”</span></i> The
consistently profitable traders are not always the ones who post port snaps on
social media. They’re not always the ones who are active on gatherings and
always show up on events. They ask questions, plan for contingencies, and seek
feedback. Most of the time, they are the
ones who spend their time at home, studying and reflecting on their performance
finding ways to get better and better. Because as they say <b><span style="color: lime;">“Well done is better
than well said.”</span></b></span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Gordon Gekko is like the market. He’s always right. You can’t argue with
him. If you give him the slightest chance to take money from you, he will, just
like what he did to Bud Fox and Bluestar. He’s all-knowing and always on full
guard. If you get emotional when dealing with him, it’s over. He’ll take
advantage of every single weakness you have and shove your face in the
pavement. As what Darien told Bud, “Don’t cross Gordon, he’ll crush you.” But
he’ll let you win sometimes. Yet the moment you try to take much more than
what he’s willing to give you, you’re in for a beating. <i>“It’s all about bucks,
kid.”</i></span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">Bud Fox: How much is enough?</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Gordon Gekko: It’s not a question of enough, pal. It’s a zero-sum game. </span><span style="font-family: "calibri" , sans-serif; font-size: 11pt;">Somebody wins. Somebody loses. Money itself isn’t lost or made. </span><span style="font-family: "calibri" , sans-serif; font-size: 11pt;">It’s simply transferred from one perception to another, like magic.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 14.6667px;">---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</span><br />
<span style="font-family: "calibri" , sans-serif; line-height: 115%;"><span style="font-size: 14.6667px;"><br /></span></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Gekko tells Bud about a painting he bought 10 years ago for $60,000
which he can sell for $600,000. <i>“The illusion has become real. And the more
real it becomes, the more desperate they want it.”</i> We can think of the illusion
as a trade idea. The 3<sup>rd</sup> telco play for example. When one saw $NOW
as the potential 3<sup>rd</sup> telco play, he buys a lot, then tells other
people, posts it in various facebook groups, then more people buy it. The more people buy the trade idea, the more
real $NOW becomes <span style="color: yellow;">THE 3<sup>rd</sup> telco play</span> and the more desperate people
want to have it. The price then goes up and up until eventually, the illusion
reveals itself as simply..</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFm18r6f7do4fhwnkP4Ks2x-TuWrbhmjGV1mzEecsYgC0rzpOBjTvA5Dz-mD4irmzwkMRPDsx5jqmQ078PhyGELfhfmAhpKjeHzavkcWNwoliFXZnZBCboMGuyLDv8UWGPRu8c1Qd2PW4/s1600/Screenshot_4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="514" data-original-width="946" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFm18r6f7do4fhwnkP4Ks2x-TuWrbhmjGV1mzEecsYgC0rzpOBjTvA5Dz-mD4irmzwkMRPDsx5jqmQ078PhyGELfhfmAhpKjeHzavkcWNwoliFXZnZBCboMGuyLDv8UWGPRu8c1Qd2PW4/s640/Screenshot_4.png" width="640" /></a></div>
<div style="text-align: center;">
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">...an illusion.</span></div>
<br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Bud tells Mr Mannheim to buy Bluestar but the old man told him, <i>“The
main thing about money, Bud… it makes you do things you don’t want to do.”</i> And
he’s right. Money makes me do things I don’t want to do. Like wake up early in
the morning to prepare for work. Force-feed. Shit. Commute under the heat of
the scorching sun. Do things that only make my employer richer. Do it for nine
hours. Go home. Sleep so I can do it again the following day. But on the bright
side of things, money makes me improve my own self. Money demands that I become
disciplined in order to make more money. Money makes me push myself to my
limits and break past them.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<br />
<div style="text-align: center;">
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i style="font-size: 11pt;">“Man looks in the abyss. There’s nothing staring back at him. At that
moment, man finds his character. And that is what keeps him out of the
abyss.” - Lou Mannheim</i></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmn8PEWzWDdb8A9Dcr_YW-IXVTL_EDiEwmdoKh_MGBr1NjBPR1OBjI_1qiJxaM_V8QPLsre5Ilb4dIBEVoo0rEYnwvLltDRlszNLo-wXVqA8iknvOZkEETspwQRPANuoIVI7TMetEPKeQ/s1600/abyss.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="823" data-original-width="1600" height="329" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmn8PEWzWDdb8A9Dcr_YW-IXVTL_EDiEwmdoKh_MGBr1NjBPR1OBjI_1qiJxaM_V8QPLsre5Ilb4dIBEVoo0rEYnwvLltDRlszNLo-wXVqA8iknvOZkEETspwQRPANuoIVI7TMetEPKeQ/s640/abyss.jpeg" width="640" /></a></div>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;">Here is my personal reflection on this quote.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">“Man” is me and “the abyss” is self-destruction.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">“Man looks in the abyss. There’s nothing staring back at him.” </span><span style="font-family: "calibri" , sans-serif; font-size: 11pt;">He means that there is nothing to gain by being self-destructive. There
is nothing to gain by dwelling on what went wrong or what could go wrong.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">“At that moment, man finds his character.” </span><span style="font-family: "calibri" , sans-serif; font-size: 11pt;">By realizing that there is nothing to gain from dwelling on the past or
looking at what could go wrong, I can focus my energy on myself. On finding out
who I am and what I am capable of. I can focus on my strengths.
I can focus on what I want to do and what I need to do.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11pt;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">“And that is what keeps him out of the abyss.” </span><span style="font-family: "calibri" , sans-serif; font-size: 11pt;">By attaining self-awareness, I can overcome failure.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 14.6667px;">---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 14.6667px;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;">Bud’s boss, Lynch, is like some of our friends and family who are only there for
us when everything’s going well. They praise us when we do good and celebrate
with us. But when the downtime comes and we need help, they’re nowhere to be
found. When I told my family that I’m going to pay a certain amount of money for the IMPACT
workshop, they were all against it. <i><span style="color: red;">“Baka ma-scam ka.” “Ibangko mona lang yang
pera mo.” “Umayos ka nga.” “Wala kang mapapala dyan. Sayang lang pera mo.”</span></i> But
whenever I made money, they’d ask me to treat them. It’s very disappointing and
saddening to finally realize, that the one’s closest to me are one’s who’ll
stop me from succeeding. Maybe because they want me to become as miserable as
them. But I’m not like them. The things I learned from them are just mental
files as T.Harv Eker would say. I choose to adapt new ways of thinking that support my happiness and success.</span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><i><span style="color: lime;">“Maybe that’s the price, son. It’s gonna be hard on you. But maybe in a
kind of screwed-up way it’s the best thing that could’ve happened to you. Stop
going for the easy buck and produce something with your life.”</span></i> Bud’s father
reminds me that failure can sometimes be the best thing to happen to me in
order to teach me a lesson: NEVER TAKE THE SHORTCUT. That I must welcome wrong
turns and mistakes. Success encompasses setbacks. Skills take time. <span style="font-size: 14.6667px;">Mastery takes time. </span>Success takes time. </span><br />
<span style="font-family: "calibri" , sans-serif; font-size: 11.0pt; line-height: 115%;"><br /></span>Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com1tag:blogger.com,1999:blog-6580734748097907542.post-20987607547454462312018-10-01T07:20:00.000-07:002018-10-01T07:20:18.208-07:00Allegory of the Cave<span style="font-family: inherit;">There was once a gathering of people who have lived chained to the wall of a cave all of their lives, facing a blank wall. The people watch shadows projected on the wall by things passing in front of a fire behind them and begin to designate names to these shadows. When they see the shadow of an object, they assign a word to call it. Let's say it's a book. They see the shadow of it and assign the word "book!" But it's not really the actual book that they are calling book, it's just the shadow of the book. The shadows are as close as the prisoners get to viewing reality. The prisoners are unable to see these real objects that pass behind them. What the prisoners see and hear are shadows and echoes cast by objects that they do not see.</span><br />
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<div>
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<div>
<span style="font-family: inherit;"><br /></span></div>
<div>
<span style="font-family: inherit;">Every day, these people in the caves watched shadows projected on the blank wall. They created a game of guessing which shadow would appear next. If one of the prisoners were to correctly guess, the others would praise him as clever and say that he's the master.</span></div>
<div>
<span style="font-family: inherit;"><br /></span></div>
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<span style="font-family: inherit;">Then one day, one of the prisoners, let's call him prisoner Z, got away and leaves the cave. He walks outside into the sunshine for the first time. He is immediately blinded by the sun but his eyes began to adjust.</span></div>
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<span style="font-family: inherit;">For the first time in his life, he is exposed to sunshine and light. He is shocked at the world he discovers outside the cave and does not believe it can be real. He sees actual flowers, the colors of birds, the nuances on the bark of trees. When told that the things around him are real while the shadows were mere reflections, he could not believe it. The shadows appeared much clearer to him. As he becomes used to his new surroundings, he realizes that his former view of reality was wrong. He can now finally see the true forms, shapes and reality of the shadows he thought were real. He begins to understand his new world and sees that his former life and the guessing game they played is useless.</span></div>
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<span style="font-family: inherit;">Now, what would Z think of his companions back in the cave?</span><br />
<span style="font-family: inherit;">He felt sorry for them and their limited reality.</span></div>
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<span style="font-family: inherit;">Immediately, he came back to the cave to try to help out his companions who are still mired in confusion and error. But he is no longer used to the darkness and had a hard time seeing the shadows on the wall. Because he's become used to the sunshine and light, he can hardly see anything under the ground and looked confused. To the prisoners in the cave, he looked like he's lost. He eventually finds them and urged them to escape the cave and venture forth to the outside. But they laughed at him and thought he was crazy.</span></div>
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The other prisoners thought that the journey has made him stupid and blind. They threatened to kill him if he tries to set them free. Most people are not just comfortable in their ignorance but hostile to anyone who points it out. When you tell people they're wrong, you get nowhere. You offend them.<br />
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Human understanding of truth is limited by our experiences. We can never fully understand reality because we can only know about the things we have experienced. So our perception of reality is based upon this -- that we must transcend this by expanding our knowledge.<br />
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I know you've been wondering. What does this have to do with trading?</div>
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Last month, on the 15th, there was a gathering..<br />
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..of people who have lived chained to the wall of a cave all of their lives, facing a blank wall, and some people who got away and left the cave, walked outside into the sunshine and discovered what it's like outside the cave. Some of these people shared what they found when they stepped outside their comfort zone. Their own journey to discovery. The lessons they had to learn the hard way. Their trials and tribulations.<br />
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Think of the people trapped inside the cave as majority of the people who entered the stock market world. We symbolically represent the prisoners in the cave, all of whom are stuck perceiving reality in a fixed and specific manner. We are all prisoners in the cave. No one chooses to be in the cave. It's just where we all happen to begin.<br />
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What about prisoner Z, the person who escaped the cave?</div>
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This represents the small handful of people who dare to think and act in a different way from the crowd. It's not because they're better than everyone else that they've "escaped the cave." It's simply because they've made a decision to consistently step outside their comfort zone, face their fears, and think differently.<br />
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So how can you escape this cave?</div>
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We all have the capacity to learn. But not everyone has the desire to learn.<br />
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The process of progressing out of the cave is about getting educated and it is a difficult process. If you want to leave the cave, you need to question your beliefs. When getting an education, there is a struggle involved. We want to resist because knowing the truth can be a painful experience, to a point that it's easier to be ignorant. It takes courage to step outside your comfort zone and think different than before. Not everyone will understand and be happy for you. Just like how the other prisoners responded to prisoner Z's return, you can expect friends and family to laugh and ridicule you. It's normal to face criticism once you leave the cave.</div>
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We all start in that cave. But we don't have to stay there. Perhaps on that day, a glimmer of light punched a hole in your most basic assumptions. Will you break free to struggle towards the light even if it costs you your friends and family? Or will you stick with comfortable familiar illusions?<br />
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Remember, it's not enough to leave the cave. It's more important to stay outside of the cave.<br />
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com2tag:blogger.com,1999:blog-6580734748097907542.post-39662107892632026042016-10-06T11:55:00.001-07:002016-10-07T20:32:36.929-07:00Trade Review: WEBAs the title suggests..<br />
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Let's start with the set-up.</div>
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I have been eyeing this stock ever since it held that 76.4% Fibonacci Retracement Level.</div>
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But I never bought because there were no signs of strength.</div>
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I was waiting for it to breakout of the 20MA.</div>
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Yesterday came, and it closed above the 20MA.</div>
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I bought. With a cutpoint below the 20MA.</div>
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Right after the close, news came out that Ongpin sold his shares at 2.60. That's less than half of the current price. </div>
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As much as I'd like to stay away from news and rumours, things like this are bound to appear on your news feed (somehow). It's up to you how to deal with it. I didn't do anything.</div>
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I just monitored my position the following day, ready to cut. The stock gapped up at the open and rallied strongly. I did not sell when it reached the 7.00 levels during the first hour of the trading day. Because hey, let your profits run right? And as I saw that things were looking good, I averaged up at 7.15 only to sell it at 7.00 because my cutpoint was hit. That was yesterday's position + today's. I profited some.</div>
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But I was still watching it. Waiting for a re-entry.</div>
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I saw it go back to AOTS at a price point that offers a really good Risk-Reward Ratio.</div>
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<span style="color: red;"><i>I hesitated. I didn't buy.</i></span></div>
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Instead I bought at a higher price (7.25) only to be shaken out a few flucs down.</div>
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<span style="color: red;"><i>I did not follow my cutpoint.</i></span> I sold a few minutes before lunch. I lost some.</div>
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Right after lunch, it broke out and rallied to my target price (9.10) and closed far above all of my entry prices.</div>
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Here are what I believe to be my errors on this trade:</div>
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<span style="color: red;">1st error</span> - My initial position was bought using the Daily Chart. My 2nd position was bought using the intraday chart. When my intraday cutpoint was hit, I sold everything. An option could be selling only the 2nd position and leaving the initial position and deciding what to do with it at the close.</div>
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<span style="color: red;">2nd error</span> - When I tried to trade it again, I hesitated on a good Risk-Reward Ratio set-up. And although I could only say this now, I had recency bias back then. I was afraid that this position, too, would be cut. So I did not buy.</div>
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<span style="color: red;">3rd error</span> - When it rallied right after I passed on it, I chased. Making my average entry price, higher than if I didn't hesitate a few minutes back. And because I didn't like my entry, I was easily shaken out.</div>
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<span style="color: red;">4th error</span> - OR NOT - The stock broke out of its previous high and rallied strongly to my set target price. During this time, I was in transit. I could have checked it thru mobile. I know the breakout point. But I didn't have the willingness to do it. I just waited for the close.</div>
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Overall, I made money but I also made a lot of mistakes.</div>
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Don't stop learning.</div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com1tag:blogger.com,1999:blog-6580734748097907542.post-87435432279071930302016-09-14T06:25:00.000-07:002016-09-14T06:50:46.509-07:0010 Hard Things About TradingIt is hard not to trade too big and go all in when you really believe in a trade but it is even harder to take a big loss if it goes against you.<br />
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It is hard to keep taking your entry signals when you are on a losing streak and it is also hard to miss a signal and watch it go on to be a big winner.<br />
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It is hard not to add to a losing trade when the price keeps looking better as it falls lower and lower but it is also hard to be on the wrong side of a trend.<br />
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It is hard to buy a breakout because it looks too high and it is also hard to miss out on the beginning of a big uptrend.<br />
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It is hard to cut a loss early with the ego wanting to be right about the trade.<br />
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It is hard to let a winning trade run when you would prefer a quick gain rather than a bigger long term gain.<br />
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It is hard to buy when everyone is fearful and hard to sell when everyone is greedy.<br />
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It is hard to trade through different types of markets, bull markets, bear markets, volatile, trending, and range bound markets because the rules keep changing.<br />
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It is hard to ever quit trading after you have tasted how sweet a big winning streak is and how life-changing it can be.<br />
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It is hard to convince your friends and family that there is a process to your trading and that you are not a degenerate gambler.Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com1tag:blogger.com,1999:blog-6580734748097907542.post-16230816276985995252016-08-24T05:54:00.000-07:002016-08-24T05:54:46.838-07:00Take a Knee, Bastard<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhV6SFTbBOtKZFBeBW1P0RIM5eqNRfy9KbHvwuv2YSRf8sRFnfsHJNahRSxMcBY14BEGitqGqsdAq2vIeV8QhvsRh9gixjNpCXOWkrCLgH4e1zqCY5QdhTzN8qSauxRhTZkSrDxd7W76YU/s1600/greed.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhV6SFTbBOtKZFBeBW1P0RIM5eqNRfy9KbHvwuv2YSRf8sRFnfsHJNahRSxMcBY14BEGitqGqsdAq2vIeV8QhvsRh9gixjNpCXOWkrCLgH4e1zqCY5QdhTzN8qSauxRhTZkSrDxd7W76YU/s640/greed.png" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">"With a steel sword like that, you can't even add a scratch to this ultimate shield." - Greed<br />
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Earlier this week, I had a conversation with my mentor.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcLl89HkA0z83TQrHb2u8J5-p-7spwrdEs78_fs_0c8OyV4CrAoU-S1wMW1bDL76jJZHKaP56smHR9VX-4dToRwVp_H8VWcHKqc-lnjiisgCvNRs3ceLCE3k0hRhnW544kMX3M9Yr6sMM/s1600/convo+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcLl89HkA0z83TQrHb2u8J5-p-7spwrdEs78_fs_0c8OyV4CrAoU-S1wMW1bDL76jJZHKaP56smHR9VX-4dToRwVp_H8VWcHKqc-lnjiisgCvNRs3ceLCE3k0hRhnW544kMX3M9Yr6sMM/s1600/convo+2.png" /></a></div>
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And with a fellow bastard.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigB4Bas_9YGqYyO34FyUg7ta2j1nJOw23gWz0GkXtqepankSDaDY-_2LAVU6eisR7wRtGQMq1T0jc3CEYovlisHPFYdziCIkLtfx383xKunOTtB2TdHc7Pe0OhQd4truZ4Nji55Lkr9n8/s1600/convo+with+akio.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigB4Bas_9YGqYyO34FyUg7ta2j1nJOw23gWz0GkXtqepankSDaDY-_2LAVU6eisR7wRtGQMq1T0jc3CEYovlisHPFYdziCIkLtfx383xKunOTtB2TdHc7Pe0OhQd4truZ4Nji55Lkr9n8/s400/convo+with+akio.png" width="400" /></a></div>
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But despite the motivations, the guidance, I was too stubborn, too greedy, too foolish.</div>
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<i>Friday.</i></div>
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I was all in on MCP at 4.18.</div>
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<i>Monday.</i></div>
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I sold a few minutes after the open.</div>
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My cutpoint has not been hit yet. I just sold.</div>
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Why? Because I wanted to daytrade again.</div>
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<i>"I can just make a quick profit from here and roll it over to there. EZ panizi."</i></div>
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So I daytraded WEB and IMI thinking I could replicate what I did last week.</div>
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But I was wrong. The situation has changed. The chart has changed. The market has changed.</div>
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I lost in both trades. MCP went up. Told myself that it's fine.</div>
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<i>Tuesday.</i></div>
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This time, I was all in on ARA from yesterday's close.</div>
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After a few minutes, I sold 2/3 and daytraded, you've guessed it. WEB. F*cking WEB.</div>
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Lost again. At closing, I bought TECH because it broke out of 24.00, a really significant resistance.</div>
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I also bought CAL at 3.55.</div>
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<i>Wednesday.</i></div>
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I sold half of CAL at 4.00.</div>
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<i>"Good work. That somehow covered our losses in ARA and WEB." I told myself.</i></div>
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<i>"Maybe I can make more."</i> So instead of waiting for the breakout of 4.15</div>
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I averaged up at 4.03. Then at 4.06. 4.02 Until I was all in. It didn't break out. It broke down.</div>
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I sold when it went below the opening price. I gave back what I made. And then some.</div>
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But I didn't stop there. <i>"It just takes one trade to get it all back."</i></div>
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I was revenge trading. I was f*cking revenge f*cking trading!</div>
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I bought IMP at 22.40. <i>"This stock is capable of making big upmoves."</i> I'm good with this.</div>
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Then I saw ARA. It was back to 3.20 levels. <i>"At 3.45 this will be a borg."</i> I said.</div>
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I sold IMP at 22.25 and bought ARA at 3.25.</div>
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I bought TECH at 24.90 and went on commute to work.</div>
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When I got to the office, ARA was 3.05. I sold.</div>
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TECH was 24.80. I sold.</div>
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It has only been three days and I have already made 15 trades.</div>
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That's right. Fifteen f*cking trades.</div>
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Out of fifteen f*cking trades, only two were winners. Only two.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsxeiEl39demOMhNAaTZkIusC00x1821C9oD3MCnDdZQ7eTDd6h4sUetG70Bl__WJq9nMzLSol9ZUhfYtHJdgguEOzU_Gmv_Ql8cfJqt5R10NZ5_381ukXshtv4HWjJdXhwc2oV41b31k/s1600/traderman.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="414" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsxeiEl39demOMhNAaTZkIusC00x1821C9oD3MCnDdZQ7eTDd6h4sUetG70Bl__WJq9nMzLSol9ZUhfYtHJdgguEOzU_Gmv_Ql8cfJqt5R10NZ5_381ukXshtv4HWjJdXhwc2oV41b31k/s640/traderman.jpg" width="640" /></a></div>
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Please bear with me.</div>
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Because now I'm going to delve deeper into myself.</div>
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I need to know the reasons why I made these terrible decisions.</div>
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What got me thinking the way I was.</div>
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Sometimes, the only way out is through.</div>
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MCP</div>
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Bought 4:18, Sold 4.10</div>
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<span style="color: red;">Error: Fear of Missing Out on ARA.</span></div>
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WEB</div>
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Bought 6:22, Sold 6.16, 5.88</div>
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<span style="color: red;">Error: The urge to daytrade even if the set-ups are not that good.</span></div>
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ARA</div>
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Bought 3.02, Sold 2.98 (bottom, whipsawed)</div>
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<span style="color: red;">Error: No conviction. Sold after 18 minutes even if daytrading was not the plan.</span></div>
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MCP</div>
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Bought 4.25, Sold 4.25, 4.28</div>
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<span style="color: red;">Error: Fear of Missing out on ARA. (ARA closed 3.18, I was right. Need to go all in.)</span></div>
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IMI</div>
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Bought 6.89, Sold 6.85</div>
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Error: NONE</div>
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ARA</div>
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Bought 3.18, Sold 3.18, 3.10</div>
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<span style="color: red;">Error: The urge to daytrade WEB even if there was nothing good with the chart.</span></div>
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WEB</div>
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Bought 4.85, Sold 4.71</div>
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<span style="color: red;">Error: This shouldn't have been traded. There was nothing in it.</span></div>
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TECH</div>
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Bought 24.20, Sold 24.35</div>
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<span style="color: red;">Error: Breakout of 24.00 but still sold so I can buy more CAL for daytrading.</span></div>
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CAL</div>
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Bought 3.55, Sold 4.08</div>
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<span style="color: red;">Error: Should have sold everything. It was supposed to be a quick trade.</span></div>
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CAL</div>
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Bought 4.03, 4.06, 4.02, Sold 3.85, 3.81</div>
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<span style="color: red;">Error: Did not wait for the best entry. A breakout to 4.14. Hope.</span></div>
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JAS</div>
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Bought 4.10, Sold 3.94</div>
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<span style="color: red;">Error: Chased</span></div>
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IMP</div>
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Bought 22.40, Sold 22.25</div>
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<span style="color: red;">Error: Revenge trade.</span></div>
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ARA</div>
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Bought 3.25, Sold 3.05</div>
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<span style="color: red;">Error: Fear of Missing Out. Chased. Best entry was a breakout of 3.29.</span></div>
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TECH</div>
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Bought 24.90, Sold 24.80</div>
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<span style="color: red;">Error: Fear of Missing Out. Just wanting to have something where I was right in hindsight.</span></div>
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____________________________________________________________________________________________________</div>
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I lost money.</div>
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And I was lost.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqhba8auDQeROmAzNFkPkbFaHqtkEeFeN94K6gNMqcHFQCdlfPZmZruxD7nCBCc9dY_-gon0DCQt2Uh4Ke1QXhIQRYvMyaUgpmuaDUKOjGDWpJ_N7CCb8SJ-YTKCOqQ1Kvego6eIimD4E/s1600/august+24.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="379" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqhba8auDQeROmAzNFkPkbFaHqtkEeFeN94K6gNMqcHFQCdlfPZmZruxD7nCBCc9dY_-gon0DCQt2Uh4Ke1QXhIQRYvMyaUgpmuaDUKOjGDWpJ_N7CCb8SJ-YTKCOqQ1Kvego6eIimD4E/s640/august+24.png" width="640" /></a></div>
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____________________________________________________________________________________________________</div>
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Sir Lance and Ms Akio, they were right. But I was too stubborn. I thought I was invincible. I thought I could just make money that fast. And when I lost, I felt I had to gain it all back faster and make more than I lost. How stupid could I be?</div>
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I'm sorry Sir Lance.</div>
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I know you never failed to remind me of my past mistakes and what I should do.</div>
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I broke the rules.</div>
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I ignored the lessons.</div>
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I jumped from stock to stock.</div>
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I traded without plans.</div>
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I'm probably one, if not, the worst student the tribe has ever had.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsI472Y7Z-mY0dv-FeglR5wzNirSU5SRC1eroATUPqlnlcsRlCJs2OUdC32wBpfSPOp6G9vkKiJUyTHs7nQCVgUaE_1g_CIE2ByD6f4QnqZLSMomB6JeqQaliO8TbD1VnFVuyeHmuZ0_4/s1600/take+a+knee.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsI472Y7Z-mY0dv-FeglR5wzNirSU5SRC1eroATUPqlnlcsRlCJs2OUdC32wBpfSPOp6G9vkKiJUyTHs7nQCVgUaE_1g_CIE2ByD6f4QnqZLSMomB6JeqQaliO8TbD1VnFVuyeHmuZ0_4/s640/take+a+knee.jpg" width="640" /></a></div>
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<a href="https://www.youtube.com/watch?v=aHOhNA-35So" target="_blank"><span style="color: yellow;">Take a knee, bastard.</span></a></div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com6tag:blogger.com,1999:blog-6580734748097907542.post-81910660692457530312016-08-19T10:08:00.000-07:002016-08-19T10:08:50.005-07:00Testing DaytradingI kind of lack motivation to write lately so forgive me for this post will be quite short.<br />
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I've been in a trading yoyo and I want to focus my energy on studying my errors.<br />
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Here are my trades for the last ten days four days of which were spent on purging.<br />
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And that's it.<br />
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<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com1tag:blogger.com,1999:blog-6580734748097907542.post-53531892989315502532016-07-18T21:23:00.002-07:002016-07-18T21:23:44.328-07:00July Quota AchievedI'm still thinking of what my monthly quota should be.<br />
I thought of starting with 10% but I'd like to challenge myself to see if I could make 20% this July.<br />
Here's my ONLY trade for the past 3 (close to 4) weeks.<br />
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As you can see, this was an all in trade.<br />
There are some things I considered before I entered with volume.<br />
I asked myself these questions. (credits to Sir Lancelot for this very important lesson)<br />
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1. Will I be able to execute my plan with huge volume and not panic if it goes the other way?<br />
- Because I did a test buy at 2.73, buying more on 3.20 levels won't make my Average Entry Price that high which means I can handle the swings in price. I won't panic if it goes down. Aside from that, the stock is in AOTS.<br />
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2. Am I willing to wait X number of days for the play to materialize?<br />
- Yes. This was a trend following trade for me. I challenged myself if I could hold this for a month. Because if I do, I could nail future set-ups like this. I used the previous box top as trail stop which is why I sold yesterday.<br />
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3. Will I not be tempted if I see other stocks start to fly?<br />
- Hardest part for me. You have SPH, NOW, IMP, ALT, APO, APX and other stocks that went up while my pick was consolidating. But I had conviction on this trade and of equal importance, I have a plan. All I have to do is follow it.<br />
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I sold yesterday when the previous box's top, which also happens to be a psychological support, failed to hold.<br />
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Gained +25% overall on this trade.<br />
<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com10tag:blogger.com,1999:blog-6580734748097907542.post-19416279997452398882016-07-11T11:32:00.000-07:002016-07-11T11:32:30.653-07:00The Chartist's Offering<div style="text-align: center;">
<i>"The test of our progress is not whether we add more </i></div>
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<i>to the abandunce of those who have much;</i></div>
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<i>it is whether we provide enough </i></div>
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<i>for those who have too little."</i></div>
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<i>- Franklin D. Roosevelt</i></div>
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Before commencement of the Bastard Program, </div>
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I was asked about my RAK (Random Act of Kindness).</div>
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I told Sir Lancelot that my RAK isn't really "random" because it won't be for strangers.</div>
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My RAK is for my nieces and nephew.</div>
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But first, let me tell you a bit about myself which is the reason why I chose this RAK..<br />
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I came from a poor family. My mother raised me all by herself. When I was in elementary, it was my aunts and uncles who supported and financed my studies. I was a scholar since Grade 1 and the monthly allowance of 150 pesos from the city government was a big help.<br />
<br />
Then came high school. I transferred to a different scholarship program and the only reason is because it gave more "support". Yet it was still the same. It wasn't enough. Even if I was in public school. I remember that one time a classmate of mine approached me and gave me 50 pesos.<br />
<i>"Eto yung baon mo pinabibigay ni Nanang ****. Nagpunta sa bahay kanina. Iabot ko daw 'to sayo."</i><br />
That was when I realized, my mother didn't have anything in her pocket. Zero. She had to ask her siblings again for help. I graduated and went to college.<br />
<br />
This time. I had no more scholarship grants. It was one of my relatives who is a staff at school who paid for my tuition fee - as salary deduction. And so it went on like that for two years until I was able to get a scholarship from a politician's foundation. I became an Academic Scholar and was included in the Dean's List. I was able finish college.<br />
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But this post is not about me.<br />
This is about three little kids who have big dreams.</div>
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Let me introduce them to you.</div>
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Forgive me for blocking their faces.</div>
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These kids are my relatives.</div>
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I don't have a troll account and I'd like to keep my identity anonymous.</div>
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This is Kiddo #1.</div>
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The big sister.</div>
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She's in Grade 4.</div>
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Very polite and courteous.</div>
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Always taking care of her siblings.</div>
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Kiddo #2.</div>
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Grade 2.</div>
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Very playful and energetic as it is with all little boys.</div>
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This is the kid whom I give cars and toy soldiers as gifts.</div>
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This is Kiddo #3.</div>
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The youngest of the three.</div>
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She's in kindergarten.</div>
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Very timid but has a really cute smile.</div>
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Tell her you'll take a picture and she'll pose right away.</div>
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It pains me to say this, these kids were abandoned by their parents and were left to my cousin's care. My cousin who just got unemployed three months ago. But he's the kind of guy who never gives up. His persistence paid off and he's just started on his new job last month.</div>
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I'm glad I was able to buy the kids' school supplies for this school year in the nick of time.</div>
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Their classes started June 6 and we were only able to buy them June 5.</div>
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There's a National Book Store branch just a stone's throw away from their house.</div>
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It is very accessible to them.</div>
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It's just that they didn't have the finances to buy what they need.</div>
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These are some of the notebooks.</div>
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There are a lot more of these things.</div>
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My cousin failed on taking pictures of all of them.</div>
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Kiddo #2 wanted the Iron Man bag.</div>
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Kiddo #3 likes Hello Kitty.</div>
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Kiddo #1 just wanted a pink and simple one.</div>
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Treated them to Jollibee right after.</div>
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Bida ang saya.</div>
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Just like what my aunts and uncles did for me, I'm extending my blessings to these kids. I plan to help these kids graduate college so they can make a better course in their lives. Right now, I can only afford to help them with their school supplies and the occasional expenses that will come along as they go through school life. But someday, these kids will be our family's next generation of professionals. I haven't asked Kiddo #3 yet but Kiddo #1 wants to be a teacher and Kiddo #2 wants to be a policeman.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5FXcNNId2wvPYhcig5HZFNeY94UmuoAcn1q_bFiH7xlDRGsncZUW30IwRY3RSkeJauV1h9qogcay1X-OVx2ESVjocxx2U7-jCyto6AelKipMy4zMsuIKPWbRNjs58IKroer4rJBAJBoc/s1600/3kids2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5FXcNNId2wvPYhcig5HZFNeY94UmuoAcn1q_bFiH7xlDRGsncZUW30IwRY3RSkeJauV1h9qogcay1X-OVx2ESVjocxx2U7-jCyto6AelKipMy4zMsuIKPWbRNjs58IKroer4rJBAJBoc/s400/3kids2.jpg" width="400" /></a></div>
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One important thing that I've learned in life is this.</div>
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The more I gave, the more I was given.</div>
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So when God blesses you financially, don't raise your standard of living.</div>
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Raise your standard of giving.</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-15783471881916305692016-07-05T21:49:00.001-07:002016-07-05T21:49:12.473-07:00Class Dismissed!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiugJZur9gSy3OCUFeEo6IuJdNilZQkcSDHxZe545pK7_RfJ4shtxypBsk64mSwHpA476f6mSvh5uhNls1ZKapirH4Ws_bxaiP3jS6u0UmDvOEJmjGjGcibnsbLsQEwveYa82SmY4C0d7s/s1600/fma+no+circle.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiugJZur9gSy3OCUFeEo6IuJdNilZQkcSDHxZe545pK7_RfJ4shtxypBsk64mSwHpA476f6mSvh5uhNls1ZKapirH4Ws_bxaiP3jS6u0UmDvOEJmjGjGcibnsbLsQEwveYa82SmY4C0d7s/s640/fma+no+circle.gif" width="640" /></a></div>
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"When I, who is called a "weapon" or a "monster", fight a real monster,</div>
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I can fully realize that I am just a "human".</div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com3tag:blogger.com,1999:blog-6580734748097907542.post-56326226500185862492016-06-24T04:42:00.000-07:002016-06-24T04:42:02.628-07:00A Bastard's Guide To Faking ProfitabilityThere's a myriad of stock market personalities present in social media.<div>
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Trolls, legit, legit trolls, gurus, veterans.<br /><div>
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Facebook, Twitter, Instagram, etc.</div>
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Technology has allowed easy access to these people's ideas which add up to a newbie's confusion on what's right or wrong or better yet, who's profitable and not profitable.</div>
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But there's a way to make yourself look like a guru or give people the impression that you are consistently profitable. If you want to know how, read on.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLmmjDRAEwrVNzR7bsT_ZDUe0pLze5FfxmDkhCqBvWL-1S38EHA3HhuZtjKylvz8GN5nxq74oMusmKXYW17WuhASM3uGJWf1Hg4mOSNxiJzMrsGG-hI995271-7gnWuMgCsM0wzo9VaP0/s1600/Untitled.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLmmjDRAEwrVNzR7bsT_ZDUe0pLze5FfxmDkhCqBvWL-1S38EHA3HhuZtjKylvz8GN5nxq74oMusmKXYW17WuhASM3uGJWf1Hg4mOSNxiJzMrsGG-hI995271-7gnWuMgCsM0wzo9VaP0/s400/Untitled.png" width="400" /></a></div>
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<span style="color: yellow;">Step 1</span>: Create a Facebook account. If you already have a Facebook account and don't want to use it, create a Facebook Page instead. This is where you will post your analyses. If you're making a page, make sure the name is catchy so that you will have more followers. Here are a few examples:</div>
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<span style="color: lime;">"The Extremely Profitable Trader"</span></div>
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<span style="color: lime;">"Mr Bagger Hunter"</span></div>
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<span style="color: lime;">"The Technical Technician"</span></div>
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<span style="color: lime;">"Money Machine"</span></div>
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<span style="color: lime;">"Fundamental Fund"</span></div>
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<span style="color: lime;">"Pak! Ganern Trading"</span></div>
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<span style="color: lime;">"EZ Tradez, EZ Lyf"</span></div>
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<span style="color: yellow;">Step 2</span>: Once you have a decent number of followers. You can start by posting news and other articles related to trading so people would get the impression that you are doing your homework and that you know what you're doing. Comment on BREXIT and other fundamental happenings even if you buy and sell based on the chart. This is because you should know everything. Once you get people engaged, it's time to drop the bomb.</div>
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<span style="color: yellow;">Step 3</span>: Post your analyses on different trading groups or on your own wall.</div>
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<span style="color: yellow;">Step 4</span>: Post your trading transactions. But don't post everything. Just post the buy transactions that would give people the idea that you are currently up on a certain stock.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSPTGn2DAcDYgtmNLdMGe4IKlH60CSwcX0eWFPM2vP0DXTg2q0-3u6_UbY99F0eyIhDMBut-m8XHJp-gBRNXx3tlgn48o5Z5ud1bnHsWXg8gVfvIYdbihfxvP1aFEuNQ6pqzibgswjO5k/s1600/13510597_10154197375253329_395274313_n.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="326" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSPTGn2DAcDYgtmNLdMGe4IKlH60CSwcX0eWFPM2vP0DXTg2q0-3u6_UbY99F0eyIhDMBut-m8XHJp-gBRNXx3tlgn48o5Z5ud1bnHsWXg8gVfvIYdbihfxvP1aFEuNQ6pqzibgswjO5k/s640/13510597_10154197375253329_395274313_n.png" width="640" /></a></div>
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<i><span style="color: red;">Note: Never post SELL transactions if it is a losing trade. You don't want to let people see that you were wrong. Remember, if you're profitable, you never lose.</span></i></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghIC0upoimZCYD88HzcDSRFaDQzTq8mewrCwe-P1OHV0JvXQmX5_CZmbkcx1EFr_dnqOjHmKjYyL0GRWw36LhOxBeiszXSEUm6T01OIfHMHNYUJjtjS7Jvf8tDfjqEJ59_itpJ1F1GI-0/s1600/June+24+-+Copy.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghIC0upoimZCYD88HzcDSRFaDQzTq8mewrCwe-P1OHV0JvXQmX5_CZmbkcx1EFr_dnqOjHmKjYyL0GRWw36LhOxBeiszXSEUm6T01OIfHMHNYUJjtjS7Jvf8tDfjqEJ59_itpJ1F1GI-0/s1600/June+24+-+Copy.png" /></a></div>
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Reality</div>
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<span style="color: yellow;">Step 5</span>: When after posting a stock chart with buy signal or your buy transactions, the stock goes down, stay quiet. If you were able to sell at breakeven or even at 1% gain, post the SELL transactions and say <span style="color: lime;"><i>"Whew! Got out before the sell down. The beauty of my trading system."</i></span></div>
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<span style="color: yellow;">Step 6</span>: If the stock goes up, be a credit-grabber and say that you've foreseen it but you didn't buy because there are better picks based on your system. If the chart you posted was 1 year ago, grab credit for that too.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGIWb7266CWBtvAFrSBdrYuf4ogogMQgGVXOZxvggMKePJorbgvOYQotVi1Y56J5uYMD53ui6Uaq8bOwDQSJHHSBX79hN3wa8gADtl-_lcMBmxuViQ9sDNqICtIR6ZqMFdTfOPiDTrFhc/s1600/aDXf1OlW.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGIWb7266CWBtvAFrSBdrYuf4ogogMQgGVXOZxvggMKePJorbgvOYQotVi1Y56J5uYMD53ui6Uaq8bOwDQSJHHSBX79hN3wa8gADtl-_lcMBmxuViQ9sDNqICtIR6ZqMFdTfOPiDTrFhc/s640/aDXf1OlW.png" width="640" /></a></div>
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<i><span style="color: lime;">"Check out my post 3 years ago. The huge volume that time was a give away for today's rally."</span></i></div>
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<span style="color: yellow;">Step 7</span>: If people ask about your trading system, don't lie. Explain it to them to the best of your ability. Remember, this is your trading system we're talking about. This makes Step 8 of utmost importance.</div>
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<span style="color: yellow;">Step 8</span>: Your trading system must be as vague as possible so that you can turn any argument from anyone who used your system and lost money. The more signals your trading system have, the more stocks that go up you can grab credit for.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUWJPK2SS50MMsIoz5GxRqFBYOOY3CY7EZdqrIKs7vRiWn2APZdppaW8m6f2uiqXrNqs9JpPpNNpco2H9PpGJJAwO6L4PlDr8EM0dwkkmKADxKNGVJqgEadLw-7R325JjibI4rqMmt0vQ/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="500" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUWJPK2SS50MMsIoz5GxRqFBYOOY3CY7EZdqrIKs7vRiWn2APZdppaW8m6f2uiqXrNqs9JpPpNNpco2H9PpGJJAwO6L4PlDr8EM0dwkkmKADxKNGVJqgEadLw-7R325JjibI4rqMmt0vQ/s640/1.jpg" width="640" /></a></div>
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And that's it. See how simple it is?</div>
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So next time you see a stock market fellow claiming profitability or a high win rate, keep in mind that you can do that too.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih6wxQoxHFCyRPjrRnFSn3wpjme1vmONs8z77yGNQqVSUtSQ2DuEicozoT2QiRqmCtZ-eiZX7trB3OX9dCe5sW1cPbggUpHtb1IeuKhC1WjfF8RJv1Qf7dDVor8WJumMONmxd7UY7arGQ/s1600/f71f0597ef4c4e7881580011957f09c5.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih6wxQoxHFCyRPjrRnFSn3wpjme1vmONs8z77yGNQqVSUtSQ2DuEicozoT2QiRqmCtZ-eiZX7trB3OX9dCe5sW1cPbggUpHtb1IeuKhC1WjfF8RJv1Qf7dDVor8WJumMONmxd7UY7arGQ/s400/f71f0597ef4c4e7881580011957f09c5.jpg" width="348" /></a></div>
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Now you know.</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com3tag:blogger.com,1999:blog-6580734748097907542.post-36036843211566654602016-06-12T11:44:00.000-07:002016-06-13T07:46:48.702-07:00ImpetusIt started with a private message on Facebook.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSj-EVIpLM3C33YPmhjEmJo8OlzV8grdGL6sTQw4eNiNYz7RGEDECxUDUDTsY_QXc0tkb8iLEN7dbuO4KCnCMSB7xAfcXwuvymx7UL4nDwuVKdu7YOEfymTzBVBLtRB8VhTRSrr1I9QaA/s1600/The+Invitation.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSj-EVIpLM3C33YPmhjEmJo8OlzV8grdGL6sTQw4eNiNYz7RGEDECxUDUDTsY_QXc0tkb8iLEN7dbuO4KCnCMSB7xAfcXwuvymx7UL4nDwuVKdu7YOEfymTzBVBLtRB8VhTRSrr1I9QaA/s1600/The+Invitation.png" /></a></div>
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I wasn't really expecting this because I knew I already missed my chance the last time they opened the program which was this February and I was really disappointed with myself on missing such an opportunity.<br />
<br />
<a href="http://fullmetalchartist.blogspot.com/2016/02/250.html" target="_blank">HERE</a>'s my previous post about it.<br />
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But when I got the invitation, I didn't really know how I felt. I still can't believe it.<br />
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I was bursting with joy as I read the message smiling.<br />
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<div style="text-align: center;">
"How in the world did I get an invitation to join the Bastard Program?"</div>
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But at the same time, I was scared. You know that feeling when you bought something and once you've got a hold of it, you try to find the worst thing about it? Cognitive dissonance.</div>
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I was scared of the things I may have to give up. I was scared of all the things that I may lose. And scared of all the things that I will have to go through during the course.</div>
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I work from afternoon til midnight while the course is 8:30PM - 10:30PM. How am I supposed to pull this off?</div>
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I asked myself,</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xo1BqyZn3xw1pr9UeIIgYzWk5zm8z3cQARDUzdqu4fxshZY-QEewuA1JUqUQoV5WYQLiacId5bGOqVPJHcNbshgS_9iXQrodCGM6PUF5eDemvmQRNTjiL3hyBo2FtfrznDcKXbAN8dY/s1600/gate+gif.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="375" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3xo1BqyZn3xw1pr9UeIIgYzWk5zm8z3cQARDUzdqu4fxshZY-QEewuA1JUqUQoV5WYQLiacId5bGOqVPJHcNbshgS_9iXQrodCGM6PUF5eDemvmQRNTjiL3hyBo2FtfrznDcKXbAN8dY/s400/gate+gif.gif" width="400" /></a></div>
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"Are my desires worth the cost?"</div>
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I messaged my would-be mentor right after.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcQdmMsa1qAFx9APDIWEqu42m_-6YFBw7I2XdL9UToaEehj6pfqsAKnQU3UrsUno7yBqOBnB9q74YBnGdgP8fCFrObztTgDRkw7YHXPbGsuGP7IDHAMElQWmyS9Ebni7V_7wb4a5t8-wg/s1600/conversation+with+mentor.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="123" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcQdmMsa1qAFx9APDIWEqu42m_-6YFBw7I2XdL9UToaEehj6pfqsAKnQU3UrsUno7yBqOBnB9q74YBnGdgP8fCFrObztTgDRkw7YHXPbGsuGP7IDHAMElQWmyS9Ebni7V_7wb4a5t8-wg/s640/conversation+with+mentor.png" width="640" /></a></div>
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You may have noticed that the program doesn't come for free. You have to "<a href="https://www.facebook.com/ZFT.ProjectSeed/photos/a.1664112983842259.1073741828.1574486239471601/1689842141269343/?type=3&theater" target="_blank">Pay It Forward</a>".</div>
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For other people, it's possible that the hardest part for them would be #lettinggo of their losing trades. They have somehow developed an emotional connection to their stock positions that they become afraid of cutting their losses. They have this connection because of several possible reasons.<br />
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The losses are already too big and they think #itstoolate to cut.<br />
They've been #holdingon to the stock for too long.<br />
They have big egos.<br />
Their guru has the same stock even if there are no pics.<br />
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If there's anything that worried me, it would be the Purge. You can read about it <a href="http://zeefreaks.blogspot.com/2016/04/emotions-of-high-risk-trader.html" target="_blank">HERE</a>.</div>
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Cutting losses was never a problem. I've said before that I came from -70% and traded my way back to breakeven only to be -34% right now. It's not that I don't feel anything whenever I cut losses. You will always feel something. But each time you do it, you become desensitized. And when you do it over and over again over a considerable amount of time, you'll get to a point that all it takes is a mere smirk to forget about it. Zeefreaks just slept on a P1M loss.</div>
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I've been trading for two years and I've learned a lot. I've tried different indicators and used real money. I never paper traded even once.</div>
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Taking the course would mean that at some point, I will have to rid myself of most if not everything that I have learned since I started this endeavor.</div>
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That was what worried me.</div>
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But then again, you cannot gain something without sacrificing something else in return.</div>
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Now let's do some purging.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWNRFtTsOyJfZPomRbt3fyugv1SyMAhCL4tSXeGfO3wS2qSCdz28cHBs2_gPPINJ1e65pEACNh28to9I2lpHcRW4N45V_o01JSWEA5AVXTZiuoZdp9VZALrajXYnYo2UH1RKPegDTZ5WE/s1600/purge.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWNRFtTsOyJfZPomRbt3fyugv1SyMAhCL4tSXeGfO3wS2qSCdz28cHBs2_gPPINJ1e65pEACNh28to9I2lpHcRW4N45V_o01JSWEA5AVXTZiuoZdp9VZALrajXYnYo2UH1RKPegDTZ5WE/s400/purge.jpg" width="400" /></a></div>
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The first task was to close all my positions. I was given one week. I didn't have any qualms. I really needed rest. In fact, I wasn't holding any stock that time because I had just cut losses on my latest holdings. If there's one thing that I learned that I could take with me through the course, it is to cut losses and #moveon.</div>
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Then I was tasked to leave all Facebook groups, chat groups, and any other affiliations.</div>
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I left.</div>
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I had to unfollow any market personalities, subscriptions, or any website related to the stock market.</div>
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I did.</div>
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I think you know where I'm getting at.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKTrML2BCmkSIT_H7-l4UEnv2hOfd3v5v5haLZCDB5ueS0R6tF3VnwBIT1GZIcghNZyHYXtuVBUu0f9X4Ezy9MVWIAGBaY2yaj3djmFipnsw9jLDTgCaa-0S7XdZJAZeZdnpQp-wbq1f4/s1600/market+noise.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="326" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKTrML2BCmkSIT_H7-l4UEnv2hOfd3v5v5haLZCDB5ueS0R6tF3VnwBIT1GZIcghNZyHYXtuVBUu0f9X4Ezy9MVWIAGBaY2yaj3djmFipnsw9jLDTgCaa-0S7XdZJAZeZdnpQp-wbq1f4/s640/market+noise.png" width="640" /></a></div>
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Then I was put on a trading ban. On a time where almost all stocks are rallying.</div>
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PX 5.70 - 7.50</div>
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PXP 2.20 - 4.90</div>
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AGF 2.80 - 4.50</div>
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DD 38.00 - 49.00</div>
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ATN 0.3600 - 0.5400</div>
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If I traded using my system, I would've caught most of them especially PX and PXP.</div>
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Believe me.</div>
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It took everything I had to not trade. And it took a lot to convince myself that I had to let those trades go. To me, it was the ultimate form of delayed gratification.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVTe6Hj3K_6jPXuoSMiZf2cfWW2FOww8VyQPluoQ2sWKHIUZkIfqVs8wb3yUd2_hrZglhUM-Q27XOcYJ3s6Fj15aujH_STYOasQDdao0nA87fS1pRjIi0PxclhocxHScOzA1nr-R9I3vI/s1600/ali.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVTe6Hj3K_6jPXuoSMiZf2cfWW2FOww8VyQPluoQ2sWKHIUZkIfqVs8wb3yUd2_hrZglhUM-Q27XOcYJ3s6Fj15aujH_STYOasQDdao0nA87fS1pRjIi0PxclhocxHScOzA1nr-R9I3vI/s1600/ali.jpg" /></a></div>
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But then again, a lesson without pain is meaningless.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRD1OY_6KeJyMfP2n2jgn5WxbCgm6KdcdQ5-59po5FWFotePb6XtuGbjAfcjwlK6A4R58dTCoDec1IInJIHcp4RzrnkIpiRUrFxzsfkmaRXk3Fb9HemGQKN-7LKSjhYofB2ERDpQSv35A/s1600/Mentor.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRD1OY_6KeJyMfP2n2jgn5WxbCgm6KdcdQ5-59po5FWFotePb6XtuGbjAfcjwlK6A4R58dTCoDec1IInJIHcp4RzrnkIpiRUrFxzsfkmaRXk3Fb9HemGQKN-7LKSjhYofB2ERDpQSv35A/s400/Mentor.jpg" width="400" /></a></div>
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<div style="text-align: left;">
The training started May 2, Monday. A lot of people dream of learning the Zeefreaks System. Other people who could be more capable with bigger ports and with extensive experience. But I was chosen instead. I'm very very thankful and I don't plan to disappoint those who believe in me.</div>
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<br /></div>
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I wasn't lucky. There's no such thing as luck, only blessings. If you haven't received what you asked for, it's not because you've ran out of luck or because you're unlucky. It's because you're not yet ready to receive those blessings. I guess I'm ready.</div>
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I honestly didn't know what to expect. I #letgo of everything that I have learned before. I poured out what was in my cup as much as I can. I listened very intently. I jotted down notes. Not just notes but whole sentences even paragraphs. I need to nail these lessons. Otherwise, these blessings would be #takenforgranted.</div>
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The first part was about Moving Averages. Five minutes into the lesson and I was aghast. These past two years I thought I was doing the right thing. I wasn't. That's why my port is negative. If it wasn't for this program, it would've taken me a couple more years to realize it.</div>
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After the moving average lessons, I was finally given the chance to trade. But I can only use 10% of my port. I was to apply what I have learned.</div>
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This was the result.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijDNavBi6qb7SgiFRAADikI4xDi8MxS5J-G_h9jdJkaIzrrvSZF5E0iGf6fxkyLIKcH3g3EKv3x79sX8taq-CMQe-d3dDOPWKtCb7ea326mGsFW5lHnebaKN9fHST8fpnld7dO59W85MU/s1600/ZHI+22%2525.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijDNavBi6qb7SgiFRAADikI4xDi8MxS5J-G_h9jdJkaIzrrvSZF5E0iGf6fxkyLIKcH3g3EKv3x79sX8taq-CMQe-d3dDOPWKtCb7ea326mGsFW5lHnebaKN9fHST8fpnld7dO59W85MU/s640/ZHI+22%2525.jpg" width="640" /></a></div>
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But I was only able to sell it at 0.3550 for a 10.94% gain.</div>
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"How could I have maximized my gains? I need to learn more."</div>
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The next lesson was about Boxes and Bosses. Wait.. what?</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoWgZE0ltAR08rRBBWLuKLOQ32h0cJwWNSIzzAOZHHmO2mzDTFxLafWpAcGwJuf3AtEF9EDFnwqhIJbjT5QFPhYPMt1LvzfesI19typWG818-cyhaXSezuRvlqbkUvvvgzsBq-m7jLojE/s1600/mindblown.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="425" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoWgZE0ltAR08rRBBWLuKLOQ32h0cJwWNSIzzAOZHHmO2mzDTFxLafWpAcGwJuf3AtEF9EDFnwqhIJbjT5QFPhYPMt1LvzfesI19typWG818-cyhaXSezuRvlqbkUvvvgzsBq-m7jLojE/s640/mindblown.gif" width="640" /></a></div>
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It isn't something new. It's been used for almost a hundred years by now and it still works.</div>
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What blew my mind is this.</div>
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All it took was a different way of seeing things.</div>
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A different perspective.</div>
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A different approach.</div>
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A different mindset - a fictional character's mindset.</div>
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Everytime we have class, I learn something new.</div>
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Everytime I review my notes, the lessons become clearer.</div>
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Everytime I do my homework, new questions pop into my head.</div>
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Everytime I look at charts, curiosity abounds and I can't help but apply what I've learned.</div>
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But I tell you.</div>
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It's not easy.</div>
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It's not like what typically happens in school where the teacher arrives and quickly writes on the blackboard while talking and you have to copy whatever words or symbols appear. It is discussed and a few moments later, the homework is given.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHK9DzUpbMudyIkb1gDdS9hc3WDceHH5mGE5FsvLiMX1r7QQrInCULawg0WSHGAPOKIhO3Lqe1RXUlISXeWE3J3-abRvpQBoNqn_S5JEv5oFrybuQ8DugaY17Ocd8fj_UQS6ewr-qS-v4/s1600/rsi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHK9DzUpbMudyIkb1gDdS9hc3WDceHH5mGE5FsvLiMX1r7QQrInCULawg0WSHGAPOKIhO3Lqe1RXUlISXeWE3J3-abRvpQBoNqn_S5JEv5oFrybuQ8DugaY17Ocd8fj_UQS6ewr-qS-v4/s640/rsi.png" width="540" /></a></div>
<div style="text-align: center;">
Shout out to my mentor for being extraordinarily patient.</div>
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<div style="text-align: left;">
Some people may think, "Maybe he's just a slow-learner. The Zeefreaks System is supposed to be simple. Why did it look like he had a hard time digesting that lesson?"</div>
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If that's what you think, get into the program and be my guest.</div>
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It doesn't matter if you have the highest intellectual capacity. Or if your IQ is at par with Garry Kasparov. Trading takes the smartest people and smashes them into the pavement every single day.</div>
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<div style="text-align: left;">
The Zeefreaks system is simple. Yes. But your enemy is really strong. Because it's you. And unless you "unlearn" your current beliefs, you won't make any progress.<br />
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<div style="text-align: left;">
In case you're wondering, here's my portfolio performance since Day 1.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhak5FK08YCB7PfOeagkivSsPjKKXxMzma7hcBOrmbiQyMcZF_4DtzGCEseBWJzh3zTt6uOrc3dHL5r30VSkqiIw3lRqii1djwRttUKSw7m_av4U17mC2PI3jmSD7UTyl0d0SEtlHXHyLU/s1600/BEFORE+ZF+EXPERIENCE.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhak5FK08YCB7PfOeagkivSsPjKKXxMzma7hcBOrmbiQyMcZF_4DtzGCEseBWJzh3zTt6uOrc3dHL5r30VSkqiIw3lRqii1djwRttUKSw7m_av4U17mC2PI3jmSD7UTyl0d0SEtlHXHyLU/s640/BEFORE+ZF+EXPERIENCE.png" width="640" /></a></div>
<div style="text-align: center;">
(Before the lesson proper. Right after the purge.)</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBHR7IBF6mvgaAm21a6sjgdrBVT3EMJDBtWuxG-I-bOL0Ob2Jv_Iw8H39_dL9djhftBttNk1FEmeqfzdZqO2xc7w9tf3Y_7y6PxZfjM0AD7NOQ0wZUs-NUchhSJLJvQcadJesnEkgXmx4/s1600/zhi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBHR7IBF6mvgaAm21a6sjgdrBVT3EMJDBtWuxG-I-bOL0Ob2Jv_Iw8H39_dL9djhftBttNk1FEmeqfzdZqO2xc7w9tf3Y_7y6PxZfjM0AD7NOQ0wZUs-NUchhSJLJvQcadJesnEkgXmx4/s640/zhi.png" width="640" /></a></div>
<div style="text-align: center;">
(Application of current lessons. Only 10% of port is allowed.)</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEBy0UnCXhrHtTdYlpXJPTtUm6snCrxSgeNhFPoNjrddD0nkae1_pfwn44FO0nBc8jkCBhnasM_-kH2WKw-RsC_VFCbyuSrqmBDrkkweJOfVEysoIY2Pth17SaaIkAInbUoNbRNmCLQKg/s1600/dd+now.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="370" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEBy0UnCXhrHtTdYlpXJPTtUm6snCrxSgeNhFPoNjrddD0nkae1_pfwn44FO0nBc8jkCBhnasM_-kH2WKw-RsC_VFCbyuSrqmBDrkkweJOfVEysoIY2Pth17SaaIkAInbUoNbRNmCLQKg/s640/dd+now.png" width="640" /></a></div>
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I was allowed only to do EOD trades. This was originally an all in on DD at 52.00 last May 23 but I didn't have the patience and sold half to buy NOW.</div>
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NOW trade didn't work out. Sold at a -10% loss due to bearish engulfing on May 30 (saved my ass).</div>
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Bought LBC at 12.50 on May 31. Sold at 11.60 the following day. What a rip!</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0jUMLqFToFR_OdrTN90P0Iy54G-Udfs03d-iw8hrldI5WA-NU6ctMAZdu7iymGeYP1aPhYOvg97N8mvCtmS_TaUjUJTWXf1H-3pEQSiZILKn9DvOkeqJlhDD4i6U2ttwB7thYGUUMz6o/s1600/dd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0jUMLqFToFR_OdrTN90P0Iy54G-Udfs03d-iw8hrldI5WA-NU6ctMAZdu7iymGeYP1aPhYOvg97N8mvCtmS_TaUjUJTWXf1H-3pEQSiZILKn9DvOkeqJlhDD4i6U2ttwB7thYGUUMz6o/s640/dd.png" width="640" /></a></div>
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Went back all in on DD increasing my AEP from 52.60 to 54.50.</div>
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I sold half of DD at 59.75 thinking it would encounter resistance at 60.00. It didn't. Instead it went up 7.68% the next day. This time I sold my remaining half. The next day, it went to 80.00. This is what I get for not following rules.</div>
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Bought PLC at 1.00 last June 6. It closed 13.40% up. I didn't sell because my target price was between 1.20 - 1.25. I averaged up at 1.06 making my average 1.03.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ7D5B2NtFXnaUtMvq2M5qPR4XunSy9H5G20L9g8J9acO3bKRRd6f-NmW-Ssl925LgFoV5UKSdHsRPcwAQ3T7_xzym9Bhw9spok5s-fhZi093bQPJOZlcKBApbtE7U8J3oKGgwgvYmKtk/s1600/px+pxp.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ7D5B2NtFXnaUtMvq2M5qPR4XunSy9H5G20L9g8J9acO3bKRRd6f-NmW-Ssl925LgFoV5UKSdHsRPcwAQ3T7_xzym9Bhw9spok5s-fhZi093bQPJOZlcKBApbtE7U8J3oKGgwgvYmKtk/s640/px+pxp.png" width="640" /></a></div>
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I sold all PLC at 1.01 before Friday's close because I was expecting a rally when it made a hammer the day before and it hit my time stop.</div>
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Bought PX when it made a new 52-week High last Thursday. There are other confluences but I'm not sure if I'm allowed to reveal it. But everything was textbook. Added more PX on Friday's close.</div>
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Bought PXP on Friday's close based on previous lessons.</div>
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Signals aren't as strong as PX but "when the system says "buy", you buy".</div>
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I wanted to post the latest screenshot of my port but:</div>
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Based on last Friday's close, I am down -6.62% from when I started the course.</div>
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But to think that my mentor was down -30% when he started was very encouraging to me.</div>
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I need to study more.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeSMGol4Wcx3f3z6mSs_d3QMfedfklWHU_GUMf3Wc7l6uX-huMs1cVcpm4Fqc8ydKxv4qrnrVLe8n-MWzlKncteoUkSkGYgdvodwkMxAoynDICmGwUOjUiB59NqHntIPdMZm0kHlLcYq4/s1600/6WbD1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeSMGol4Wcx3f3z6mSs_d3QMfedfklWHU_GUMf3Wc7l6uX-huMs1cVcpm4Fqc8ydKxv4qrnrVLe8n-MWzlKncteoUkSkGYgdvodwkMxAoynDICmGwUOjUiB59NqHntIPdMZm0kHlLcYq4/s640/6WbD1.jpg" width="640" /></a></div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com2tag:blogger.com,1999:blog-6580734748097907542.post-15067669283745802652016-05-20T00:47:00.000-07:002016-05-22T07:41:15.334-07:00Saturn Devouring His Son<br />
Countless lives have been ruined this week as they experienced another case of demagoguery.<br />
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Let's not sugarcoat things.<br />
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If you made money, good for you.<br />
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If you lost, think about this.<br />
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You buy a stock being hyped even if you think it's already ridiculously high. Why?<br />
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It's either because you're already under the demagogue's spell.<br />
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Or it's because you think you're special. That you can get away faster than everyone else can.<br />
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Let me slap you in the face.<br />
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Enduring a loss of -76% from 17.00 to 4.00 is not LOYALTY CHECK.</div>
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Enduring a loss of -76% from 17.00 to 4.00 is not STAYING POWER.</div>
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Enduring a loss of -76% from 17.00 to 4.00 is not CHANGE OF OWNERSHIP.</div>
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Enduring a loss of -76% from 17.00 to 4.00 does not mean THE DEAL IS ON.<br />
Enduring a loss of -76% from 17.00 to 4.00 does not mean KASALI KA SA USAPAN.<br />
Enduring a loss that BIG is UTTER STUPIDITY.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7heBJhF8s0OSHhMTo9YpZFK4w5CbpFFjo0Xkb0s9rMIcn7VwvKXWgwOD5_Z_Bqd59kSb5D26g6NU9dCyR9WT7Vqz69BEeLeOYIqSrw6QV7AKUFAADRxzkBvtxhRXKrfLiKksXaOsiiFY/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7heBJhF8s0OSHhMTo9YpZFK4w5CbpFFjo0Xkb0s9rMIcn7VwvKXWgwOD5_Z_Bqd59kSb5D26g6NU9dCyR9WT7Vqz69BEeLeOYIqSrw6QV7AKUFAADRxzkBvtxhRXKrfLiKksXaOsiiFY/s640/1.jpg" width="348" /></a></div>
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Do not rationalize your wrong decision.</div>
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Fix it immediately.</div>
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It's your money. Not his.</div>
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Don't be a victim.</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-43458151623730488092016-05-08T01:35:00.000-07:002016-05-08T07:12:27.048-07:00The Demagogue<div style="text-align: center;">
<i>"Leave them alone: they are blind leaders of the blind. </i></div>
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<i>And if the blind leadeth the blind, both will fall into the ditch." </i></div>
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Matthew 15:14</div>
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It's been a week since I separated myself from the stock market. This is the first time I stopped trading since, well, I started trading. So I cope by reviewing my notes and by writing this blog.<br />
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But there are posts here and there that give me an idea of how the market is doing. It seems that only a handful of stocks offer good risk-reward ratios. And only a select few can find them.<br />
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Newbies get slaughtered in times like this. They get frustrated with how hard it is to get their ports green. When that happens, they seek for help and confirmation.<br />
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Most of them find refuge in the <a href="http://fullmetalchartist.blogspot.com/2015/10/false-prophets.html"><span style="color: blue;">perfect words</span></a> of a guy we'll call<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL1Y5xt1LKcyln9u_Hkj7S_GSObxH0qUqwGW5WD18RMwSR5hoOL8ynQk__kyYW0tY1cl8evFhugGhMyHoCy74BNWwePOywOiJ0dfPOmZkAMSrpGOuSc5khp2DzNzTzVZSVcKrTlz4Mc3w/s1600/demagogue.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL1Y5xt1LKcyln9u_Hkj7S_GSObxH0qUqwGW5WD18RMwSR5hoOL8ynQk__kyYW0tY1cl8evFhugGhMyHoCy74BNWwePOywOiJ0dfPOmZkAMSrpGOuSc5khp2DzNzTzVZSVcKrTlz4Mc3w/s640/demagogue.jpg" width="640" /></a></div>
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<span style="color: yellow;">"The Demagogue"</span></div>
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The demagogue advocates action without deliberation appealing directly to the emotions of the newbie, poor and uninformed. He tells lies to stir up hysteria where your emotions are so strong that you behave in an uncontrolled way. He exploits crises to intensify popular support for his calls. If you oppose his views, you'll be accused of disloyalty.</div>
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And the common people fall into his trap.<br />
<span style="color: red;"><br /></span>The demagogue is a leader who tries to get support by making false claims and promises during arguments based on <a href="http://zeefreaks.blogspot.com/2015/05/market-thoughts-emotional-blackmail.html"><span style="color: blue;">emotion</span></a> rather than reason.<br />
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In a sense, he's like this guy.<br />
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<img border="0" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE6y3gXvUJ2OkK3nqF8L1wosGTZHStEIlM1UuS-u6H6nqrE02LTQa1Vms4S4-O8s6wjuZoBsdIW7QZ61PRSkHF68bm4UG58nln9s5NWDf8UNUzv1bwLNRS41vr0dYrQkRntNhgIOe_0L4/s640/chaucer.jpg" width="640" /></div>
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(<span style="color: blue;"><a href="https://www.youtube.com/watch?v=jdWO9ozir1Y">Click Here</a> </span>for an awesome video)</div>
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If you're just starting out in trading,<br />
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You'll be amazed by how this guy minces words.<br />
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What better way to get introduced to the stock market world than to hear stories with metaphors, similes, idioms, and other figures of speech.<br />
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You'll read terms you haven't seen before.<br />
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You'll see projections in charts that are too good to be true.<br />
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You'll find target prices that pierce the heavens.<br />
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And once you fall under his spell by the <a href="http://robotfromalphacentauri.blogspot.com/2016/04/beware-sirens-call.html"><span style="color: blue;">grace of his tongue</span></a>,<br />
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You'll take his calls.<br />
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You'll use his "strategy".<br />
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You'll picture yourself with gains that go far beyond what the market has to offer.<br />
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You'll be devoured by <a href="http://fullmetalchartist.blogspot.com/2016/01/the-seven-deadly-sins.html"><span style="color: red;">Greed</span></a>.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMIV-R0kkLhJ83VlhWQJH3V5ndZC2i-g45PD1kNKulzDyQGE-GCjL9wuffip-jG4e88DRafH92cORijiXCT1mz5grDhAXVkXfBrMwipB23MIfU9aVofPGfCmSejcoARivLz0DFu-yH6VU/s1600/thror2.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMIV-R0kkLhJ83VlhWQJH3V5ndZC2i-g45PD1kNKulzDyQGE-GCjL9wuffip-jG4e88DRafH92cORijiXCT1mz5grDhAXVkXfBrMwipB23MIfU9aVofPGfCmSejcoARivLz0DFu-yH6VU/s1600/thror2.gif" /></a></div>
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"<a href="http://zeefreaks.blogspot.com/2016/05/stories-of-high-risk-trader-gurus-and.html"><span style="color: blue;">Baggers</span></a>! Baggers everywhere! 10,000%!"</div>
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He'll tell you that a 20% drop in IMP is a BUY.<br />
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He'll say that two consecutive 12% drops in NOW is a <a href="http://zeefreaks.blogspot.com/2014/10/superstocks-and-informant.html"><span style="color: blue;">loyalty check</span></a>.<br />
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You try to reason out.<br />
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But he'll just say <a href="http://zeefreaks.blogspot.com/2014/11/super-stocks-and-informant-part-2.html"><span style="color: blue;">this</span></a> while other spellbound victims watch.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpVj2oHQjkYDvGUTyccc_YAjjffDiJOoWKp_tmCetmQW7YxvloQwttoljKAgISelXj_vUd3iixt3CuT1XtMiHLr7YkOZa_sSkAtwdpfVRdb7JAP_HcpQDea0ztA_V1GxzXV1xi-LzUK84/s1600/shit.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpVj2oHQjkYDvGUTyccc_YAjjffDiJOoWKp_tmCetmQW7YxvloQwttoljKAgISelXj_vUd3iixt3CuT1XtMiHLr7YkOZa_sSkAtwdpfVRdb7JAP_HcpQDea0ztA_V1GxzXV1xi-LzUK84/s640/shit.jpg" width="491" /></a></div>
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<span style="color: yellow;">"Iyakin!"</span></div>
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Then reality comes in and f*cks you in the face.<br />
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It was too late.<br />
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You're balls deep.<br />
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You've <span style="color: red;">lost your hard-earned cash.</span><br />
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You've <span style="color: red;">lost your life savings.</span><br />
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You've <span style="color: red;">lost your retirement money.</span><br />
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But don't fret.<br />
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Afterall, it's only..</div>
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YEAR 1 of 10.</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-81216150461443039912016-04-27T02:59:00.000-07:002016-04-27T02:59:58.641-07:00From Test Buy To GreedinessIt's amazing how the market punishes people who become conceited.<div>
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I refuse to entertain the idea that "maybe" I was like that yesterday.</div>
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But the results speak for themselves.</div>
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That's what makes the market unique.</div>
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It is an endless stream of opportunity that slaps you in the face if you don't know the rules.</div>
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One day you're doing great.</div>
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The next day you suck.</div>
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Here is how a single trade wiped out a week of gains.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFWpMpzW8J47bUtd1He5lxtezRWLnoqx_-pkyOUFuG7POh8RA-LHODxBVPpI4Fy7e6cPTD7qtUVTv_1T50qyy7nL9b7MrdzrfZ-a1x-EQXUxTL0H6Whe0aDBCSklume3TMzC3aPNBCS3k/s1600/13059791_10154057404918329_1481177366_n.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFWpMpzW8J47bUtd1He5lxtezRWLnoqx_-pkyOUFuG7POh8RA-LHODxBVPpI4Fy7e6cPTD7qtUVTv_1T50qyy7nL9b7MrdzrfZ-a1x-EQXUxTL0H6Whe0aDBCSklume3TMzC3aPNBCS3k/s640/13059791_10154057404918329_1481177366_n.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3EPHE2kj6HWJumzlpm4V8ycYpR1mN3aydZK3qnVl9y1Qv1d4KRVEUrYwXwqGyEAKPrL4opWrssr8XeWW4lwXjRfQHiSqvX8K-G_uqotWxm5YW401oJugJG4p_NhyphenhyphenvjJ8ar4iG1L4TdKM/s1600/is.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="448" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3EPHE2kj6HWJumzlpm4V8ycYpR1mN3aydZK3qnVl9y1Qv1d4KRVEUrYwXwqGyEAKPrL4opWrssr8XeWW4lwXjRfQHiSqvX8K-G_uqotWxm5YW401oJugJG4p_NhyphenhyphenvjJ8ar4iG1L4TdKM/s640/is.png" width="640" /></a></div>
<div>
<br /></div>
<div>
Here are what I believe to be my errors:</div>
<div>
<br /></div>
<div>
#1 : I sold the laggard SSI in order to buy more IS where I was currently up 18% but I got greedy and bought too much that my AEP went SO close to the current price. My AEP was 0.405 after averaging up and the stock closed 0.4250.</div>
<div>
<br /></div>
<div>
#2 : Right after I bought it, <span style="color: red;">I KNEW I WAS WRONG</span> on buying that much. But I didn't reduce my position. I was hoping that this stock WILL go up tomorrow. Right then and there, I knew I was wrong. But <span style="color: red;">I REFUSED TO ADMIT IT</span>.</div>
<div>
<br /></div>
<div>
#3 : Today came and when I checked the market, the stock was down 10%. I sold 2/3 instead of selling everything.</div>
<div>
<br /></div>
<div>
<span style="color: lime;">"Mag-iwan ako 1/3 para kung tumaas man or bumalik sa 0.400 levels, breakeven yung remaining 1/3."</span></div>
<div>
<br /></div>
<div>
It didn't recover.</div>
<div>
---------------------------------------------------------------------------------------------------</div>
<div>
<br /></div>
<div>
I have a problem scaling up.</div>
<div>
<br /></div>
<div>
<br /></div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com4tag:blogger.com,1999:blog-6580734748097907542.post-68768888815005624222016-04-26T21:40:00.001-07:002016-04-26T21:40:48.043-07:00A Series of Bad Executions and RationalizationHere's how I traded SSI.<br />
<br />
SSI, Round 1:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglxIW_9rm_nfifU_Kr8t48w8ganQH_EoQ2nyf7PNCiVKoykxSAYsaBW-e-0Swf2Lo7Q8xkY6Nx7TiZ-aO9eU27PKi21qZozwZCq6tkrwVNDOct9_DJYRW_m31QcvkZ7dUBc1kbbFNU-_U/s1600/ssi+breakeven+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglxIW_9rm_nfifU_Kr8t48w8ganQH_EoQ2nyf7PNCiVKoykxSAYsaBW-e-0Swf2Lo7Q8xkY6Nx7TiZ-aO9eU27PKi21qZozwZCq6tkrwVNDOct9_DJYRW_m31QcvkZ7dUBc1kbbFNU-_U/s640/ssi+breakeven+chart.png" width="640" /></a></div>
I don't see anything wrong on how I traded this.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnw8q_QBF2yOSqU34xwo5WK_-S7GD8gPsJ_3F8ysknhyxYtsRcbgpiDlGZgSy4qGhU9QDxp4WvK1x8Fu2PNnAhLsu1liX5lPNnRh2hYHBoVDZ5vvpg2N1KCrY1uOe1pHgmKY5SW1EwrD4/s1600/ssi+breakeven+trade.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="390" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnw8q_QBF2yOSqU34xwo5WK_-S7GD8gPsJ_3F8ysknhyxYtsRcbgpiDlGZgSy4qGhU9QDxp4WvK1x8Fu2PNnAhLsu1liX5lPNnRh2hYHBoVDZ5vvpg2N1KCrY1uOe1pHgmKY5SW1EwrD4/s640/ssi+breakeven+trade.png" width="640" /></a></div>
<br />
SSI, Round 2:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMCjxGr7p_nWZbXGENvw9gBGvwu7BqkGbd2B7JOaWC5FnNeBzAF1iDHAFCmyBHl1f0LHDo5DdByTq40PxSR3eQ_42tiJWNYle18vjnxpx3kWh6LfDSCZmx5jt20veRDjOHxa_zWoZnw-8/s1600/ssi+round+2+%2528before+purge%2529+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMCjxGr7p_nWZbXGENvw9gBGvwu7BqkGbd2B7JOaWC5FnNeBzAF1iDHAFCmyBHl1f0LHDo5DdByTq40PxSR3eQ_42tiJWNYle18vjnxpx3kWh6LfDSCZmx5jt20veRDjOHxa_zWoZnw-8/s640/ssi+round+2+%2528before+purge%2529+chart.png" width="640" /></a></div>
On this one however, I was wrong when I bought after the 50ma held as support because that would be averaging down and ignoring the fact that the initial support I looked at was the 20ma which has now given up and also means that the AOTS is no longer as strong as I thought.<br />
<br />
My thesis was invalidated but because I'm too dumb to realize that, I held on to my shares.<br />
<br />
I sold some when the 50ma failed to hold but still betting on the 100ma holding up. That's why I only sold 2/3.<br />
<br />
During these times, I was telling myself that the 100ma is my last line of defense and that I would cut mercilessly if it goes below that.<br />
<br />
I was rationalizing.<br />
<br />
"Maybe it's still a good buy after it dropped a few cents."<br />
<br />
I was rationalizing by looking at the 100ma and how the price stayed above it which wasn't the reason why I bought.<br />
<br />
The thoughts I had which maybe just slightly different from the reasons I got in, were wrong.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSP2QUx_-dZLeCgwwAtLLCEx0UmBxsw8I6GUG8LvK_VzTlh2QSQRDEpD9k7ZLu6RvtkHTVGyvJjv2P3uU3BhbK4EZK7PGXtJCvqlmH8lFE-rYid6w4hnDuqAcYmbhCpH-eTnUNzha5878/s1600/ssi+round+2+%2528before+purge%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSP2QUx_-dZLeCgwwAtLLCEx0UmBxsw8I6GUG8LvK_VzTlh2QSQRDEpD9k7ZLu6RvtkHTVGyvJjv2P3uU3BhbK4EZK7PGXtJCvqlmH8lFE-rYid6w4hnDuqAcYmbhCpH-eTnUNzha5878/s640/ssi+round+2+%2528before+purge%2529.png" width="612" /></a></div>
I sold at 3.39 today just before lunch because the 100ma didn't hold.<br />
<br />
Then, there was a knock on the door..<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS8noheXVoLx4fwzJaxOKVgsKpGiIHuRxaysSj14ZLtljGJtRtEcg0fpXq1xiePqZk6EgLF6xNlZWAg6937gq1vWEamWBosGdAv3o141Xth8K8JaRd5NfAJHBSOJy6tSQCJ5jf1iIrmDQ/s1600/purge.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS8noheXVoLx4fwzJaxOKVgsKpGiIHuRxaysSj14ZLtljGJtRtEcg0fpXq1xiePqZk6EgLF6xNlZWAg6937gq1vWEamWBosGdAv3o141Xth8K8JaRd5NfAJHBSOJy6tSQCJ5jf1iIrmDQ/s640/purge.jpg" width="640" /></a></div>
<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com2tag:blogger.com,1999:blog-6580734748097907542.post-84695300598623030772016-04-26T20:51:00.001-07:002016-04-26T20:51:29.630-07:00A Series of Good Executions and Proper MindsetHere is how I traded NOW this April when I went back to trading 15k positions.<br />
<br />
NOW, Round 1:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPum8r3F0HEiIiYjcLZif2r2yIXC2AMRD5TfKEmNad5ntCPwAtipEK_0hrrR9pA3OrefRdSWTqSh3UVwORaSzwH1fZ65v58bBJhkXBna6Y9wOiv8Zx1XoJo7d39iNVJKVs0mfEEj1PI1k/s1600/now+trade+%2528april%2529+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPum8r3F0HEiIiYjcLZif2r2yIXC2AMRD5TfKEmNad5ntCPwAtipEK_0hrrR9pA3OrefRdSWTqSh3UVwORaSzwH1fZ65v58bBJhkXBna6Y9wOiv8Zx1XoJo7d39iNVJKVs0mfEEj1PI1k/s640/now+trade+%2528april%2529+chart.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgblsYPBUN3BhYg-kPH9V0scABpPOhBPAp-NPF-6xg0Obz6pl5HdKGPaI7mlOn6IWxc0YqoQe933xX_uMXXGoZZdpD8RNyI5X6qQZSDkzncmGXMqBr4yxmIiR_uQ847g3_7BQl-TqLGbiA/s1600/now+trade+%2528april%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgblsYPBUN3BhYg-kPH9V0scABpPOhBPAp-NPF-6xg0Obz6pl5HdKGPaI7mlOn6IWxc0YqoQe933xX_uMXXGoZZdpD8RNyI5X6qQZSDkzncmGXMqBr4yxmIiR_uQ847g3_7BQl-TqLGbiA/s640/now+trade+%2528april%2529.png" width="640" /></a></div>
<br />
NOW, Round 2:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbc9p1PYirh77pemDdk6pHeIHpFb5D8miAShNxlCdUgH04RyUJZvzjzJ-0UQufM6zszQW8IOLu616m9s9zCsJqkvZ7KUWpalfpN8Lmftd3SlSQaBqJi2gba7qnSjfTH7DfGpE-v38WZtc/s1600/now+round+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbc9p1PYirh77pemDdk6pHeIHpFb5D8miAShNxlCdUgH04RyUJZvzjzJ-0UQufM6zszQW8IOLu616m9s9zCsJqkvZ7KUWpalfpN8Lmftd3SlSQaBqJi2gba7qnSjfTH7DfGpE-v38WZtc/s640/now+round+2.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJeB8RdERbeh3LcgkSGagWaMPbUczYIejiz97CoVlH6lKQu-ZoE1azz7WMWZ1k72j5w1hMuORZjCdIVtHVQnrep50FWp99z4Hkn3IKcLmBsWtR9zv0_oZSewzrwiZJRhE54BJH7oPCpeE/s1600/now+round+2+%252816%2525%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="398" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJeB8RdERbeh3LcgkSGagWaMPbUczYIejiz97CoVlH6lKQu-ZoE1azz7WMWZ1k72j5w1hMuORZjCdIVtHVQnrep50FWp99z4Hkn3IKcLmBsWtR9zv0_oZSewzrwiZJRhE54BJH7oPCpeE/s640/now+round+2+%252816%2525%2529.png" width="640" /></a></div>
<br />
NOW, Round 3:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgprCWsaWjc1OwcwTOZDgqsN0xfm8K0wSdMgEwOavxCWWX63K6S4PjkfZY7xEcAphIzgjyBOLNVMQw-Cw0qkYMmEmTOH7BDayZUlZ4rLl11bFGG9RqKdyYG2zlAhptUhTGTFGTGzO1MDSY/s1600/now+round+3+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgprCWsaWjc1OwcwTOZDgqsN0xfm8K0wSdMgEwOavxCWWX63K6S4PjkfZY7xEcAphIzgjyBOLNVMQw-Cw0qkYMmEmTOH7BDayZUlZ4rLl11bFGG9RqKdyYG2zlAhptUhTGTFGTGzO1MDSY/s640/now+round+3+chart.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivBEBVDSZ7wZ8HLf0A2BQvytzcT7chhRVfPFN1NrqNH44OGnZYTee2Ck3UmKdg1s0a1Bn1j-s0OaLMk2HKc6kobLHqIk5BW_sIUHM0E19vceA4ZQrvdH38qe6ZxZRzBrPx7Z_QiSu3ZTM/s1600/now+round+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivBEBVDSZ7wZ8HLf0A2BQvytzcT7chhRVfPFN1NrqNH44OGnZYTee2Ck3UmKdg1s0a1Bn1j-s0OaLMk2HKc6kobLHqIk5BW_sIUHM0E19vceA4ZQrvdH38qe6ZxZRzBrPx7Z_QiSu3ZTM/s640/now+round+3.png" width="640" /></a></div>
<br />
NOW, Round 4 & 5:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTtUdrh09xoy-8LG_wgSYS3xLC4joOLAnPwvnYov9i00PrMlBR5RSWst34M2GOya1ZTHiP5abUulR2-EoKYINctQXZWZMXDv-KnmIwC1BaGTeMROI0sCaoG5UEdpwAthZPTcCjTsvmBl0/s1600/now+round+4+and+5+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTtUdrh09xoy-8LG_wgSYS3xLC4joOLAnPwvnYov9i00PrMlBR5RSWst34M2GOya1ZTHiP5abUulR2-EoKYINctQXZWZMXDv-KnmIwC1BaGTeMROI0sCaoG5UEdpwAthZPTcCjTsvmBl0/s640/now+round+4+and+5+chart.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxXiQAs4GXHUUE8rok44_VOcqIz36lVmWJMn1MYqwpURCaLZvmnYD6oSYsnsT3v52TRDr5ngdIkqhoo3WeJj0y687jVOf7AjvzesXo-e3IwcmVTKGj9LtEMDmHOrjmGEc8MY8AWmvhQYU/s1600/now+round+4+and+5+%2528%252B8%2525%2529.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxXiQAs4GXHUUE8rok44_VOcqIz36lVmWJMn1MYqwpURCaLZvmnYD6oSYsnsT3v52TRDr5ngdIkqhoo3WeJj0y687jVOf7AjvzesXo-e3IwcmVTKGj9LtEMDmHOrjmGEc8MY8AWmvhQYU/s640/now+round+4+and+5+%2528%252B8%2525%2529.png" width="640" /></a></div>
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If only I could operate like this every single time.</div>
<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-42192974712479470942016-04-21T03:21:00.001-07:002016-04-21T08:54:56.390-07:00Wisdom is Found Only in Truth<br />
So Zeefreaks just earned a million pesos in one day.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXj7LD_bqhkYwqHeD2uEZ0sfcEVTcrBtJjD87RfMajB2ae8x9MvqEtmphrx4QeV-B9uXM5HmWPhrHB8S5btywmwCDqfVmITxWZbujN8eu4YtcykyaciRTpzlwno8Y0U6SbNYSDyFAQIUI/s1600/zf+1m.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXj7LD_bqhkYwqHeD2uEZ0sfcEVTcrBtJjD87RfMajB2ae8x9MvqEtmphrx4QeV-B9uXM5HmWPhrHB8S5btywmwCDqfVmITxWZbujN8eu4YtcykyaciRTpzlwno8Y0U6SbNYSDyFAQIUI/s1600/zf+1m.jpg" /></a></div>
<div style="text-align: center;">
One. Million. Pesos. One Day. (photo taken from ZF blog)</div>
<br />
The first thing that came into my mind was this:<br />
<br />
<div style="text-align: center;">
"Who puts 10 million pesos in a single basura stock?"</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: left;">
Right? Second thing:</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: center;">
"How did he do that?"</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
For me to save a million pesos, that would take me approximately 10 years. I'd grow a beard even if my DNA doesn't agree. Two presidents would have ended their terms. I'd have increased my waistline by at least 4 inches. Most of my classmates would've been married and take their children to school. I would also have my own children and because of that, I just realized it would take me 10 more years.<br />
<br />
But enough of my sh*t.<br />
<div style="text-align: left;">
<br /></div>
</div>
<div style="text-align: left;">
In my other post, I said that traders are like alchemists.<br />
I'll tell you why.<br />
But first, let's define what alchemy is and how it is done.<br />
<br />
<i><b>Alchemy</b></i> is the ancient metaphysical science of manipulating and altering matter by using natural energy. This act is known as "Transmutation". The practice of alchemy to create objects out of raw matter is widely believed to be capable of anything and is subject to certain laws and limitations, all of which fall under the concept of Equivalent Exchange. In order to begin a transmutation, a "Transmutation Circle" is necessary. Without it, transmutation is generally impossible.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8fFvGriwoIzIMSQ3T2FeAWfjSMyxmgwB867HyTuYn4ky5QAX_Pl0YwyHJ0Gk7Rx9W1qKszs1yV67lxzqqn0Y4rJsddrNyIeqRXq4TMl8DRr1Sjbvnr8pbsmag5FWHAelehBbyh3uu4Xc/s1600/fma.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8fFvGriwoIzIMSQ3T2FeAWfjSMyxmgwB867HyTuYn4ky5QAX_Pl0YwyHJ0Gk7Rx9W1qKszs1yV67lxzqqn0Y4rJsddrNyIeqRXq4TMl8DRr1Sjbvnr8pbsmag5FWHAelehBbyh3uu4Xc/s320/fma.png" width="320" /></a></div>
<br />
Now let's define what trading is.<br />
<br />
<b><i>Trading</i></b>, in the Philippine context, is buying a stock and selling it at a higher price thereby profiting through price appreciation. That is "stock trading". When you have mastered it, you will make money. But in order to master it, you will have to make sacrifices. For you to be profitable, you must have a "Trading System" that reflects your personality. Without it, you're just gambling blindly.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg747rlOrM-_YS6nmco2BIaoKkJWbMkQuU41Cl7vOn_81D_D-5t_eQwUTRK0Jn4BRMhmFjxHxZwUt7y9pzJ1xaMzKZIGJ7lHUmylwinWYHpusxEXjvLn_GQ9ZbCGFEag8Ip_GqH_oHFtA/s1600/trader.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg747rlOrM-_YS6nmco2BIaoKkJWbMkQuU41Cl7vOn_81D_D-5t_eQwUTRK0Jn4BRMhmFjxHxZwUt7y9pzJ1xaMzKZIGJ7lHUmylwinWYHpusxEXjvLn_GQ9ZbCGFEag8Ip_GqH_oHFtA/s320/trader.jpg" width="320" /></a></div>
<br />
So why are traders like alchemists?<br />
<br />
It's simple.<br />
<br />
<div style="text-align: center;">
<i><b>Trading is transmuting money into more money using your trading system.</b></i></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPNEzy1eOkpNCmfiXJQV7FlXH_tyG03t7FW0g-QiSBm5pgEni32mQoh-OMeQPH7YsIhyphenhyphenCeS4gj3j8rRtoU4_VbUm4iaayZOyPVzSFVvd7Mk_u2Lm3vPyBHOc57-gXYdZCNSVUxZQnxu-s/s1600/giphy.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPNEzy1eOkpNCmfiXJQV7FlXH_tyG03t7FW0g-QiSBm5pgEni32mQoh-OMeQPH7YsIhyphenhyphenCeS4gj3j8rRtoU4_VbUm4iaayZOyPVzSFVvd7Mk_u2Lm3vPyBHOc57-gXYdZCNSVUxZQnxu-s/s400/giphy.gif" width="400" /></a></div>
<br />
Now let's go back to Zeefreaks and the Tribe.<br />
<br />
There are other traders who are also profitable. Let's give them the benefit of the doubt even if they don't show their ports. But the ZFT, to me, is just insane.<br />
<br />
If you are looking for inspiration, if you are looking for answers or advice, if you want to keep reminding yourself that it is indeed possible to trade for a living, follow the tribe. Following is free.<br />
<br />
Imagine walking home from work everyday and passing by a car showroom. You look at your dream car and see yourself driving it. You imagine yourself going to places you've never been to and find yourself enjoying every revolution the wheels make. You give yourself a pat on the back and say "It was worth it. The overtime, the holiday work, the stress, the hustle. It was worth it."<br />
<br />
That's how I feel when I look at their port screenshots. It's like looking at my future self. Because I know that someday, I will be consistently profitable too. I'm willing to make the sacrifices and I know it will be worth it. It just takes time.<br />
<br />
So how does the tribe do it? The "bagger" plays. The two-digit consistent gains. The 7-digit profits. How did they become insanely profitable?<br />
<br />
They got to that level because they've done what others aren't willing to do.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIyDDRkYprD1KCZQDUPHYDLhSCGlBagwLaHKCu1xW8y_UI7MITpwaBOU02eRvE4YCus5Sg1YHhARESYW3JN_A5o_fdjzrjQzUihEpSqj2IiypjSYkbwNxXEgZbJdzK0pjhrpweqnbcrug/s1600/Brotherhood2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIyDDRkYprD1KCZQDUPHYDLhSCGlBagwLaHKCu1xW8y_UI7MITpwaBOU02eRvE4YCus5Sg1YHhARESYW3JN_A5o_fdjzrjQzUihEpSqj2IiypjSYkbwNxXEgZbJdzK0pjhrpweqnbcrug/s400/Brotherhood2.jpg" width="400" /></a></div>
<br />
They paid the price according to the Law of Equivalent Exchange. What's the price? The price is the cost of ambition. Late nights, early mornings. Lots of associates, very few friends. Being constantly misunderstood. Criticism. And doing a lot of things alone, at first.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5XzXyhvUZNmdhQNNjLx-sIxtNzwEkYUwFABMvZ6RrxCL3JkFPOXOQTpjCR-XAjEbVACDWLSe3quqOWa1VVGJrdBL_S_HEUGu5eXI1G796gejheFV-BhAjYywYOhOEXBaeHVOZDdFt7oI/s1600/Dead.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5XzXyhvUZNmdhQNNjLx-sIxtNzwEkYUwFABMvZ6RrxCL3JkFPOXOQTpjCR-XAjEbVACDWLSe3quqOWa1VVGJrdBL_S_HEUGu5eXI1G796gejheFV-BhAjYywYOhOEXBaeHVOZDdFt7oI/s400/Dead.gif" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div style="text-align: center;">
You cannot gain anything without first giving something in return. To obtain, something of equal value must be lost. That is the Law of Equivalent Exchange.</div>
<br />
But because of these sacrifices, they've seen what others haven't. They are able to do what others deem impossible.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ44CUsbM-wHrCIQxNKa-gCqWhPrwUV1jcBXNLY9EE1G0xELGpROEZxZHvSdlDPeHbV9BvGGyswd0Zp52mzYLupiP1DZLv4HnF0DUGMklM3_E5g2-casZ0G-R1To8Pl2JB-ffzXm5Uz5A/s1600/fma+knowledge.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ44CUsbM-wHrCIQxNKa-gCqWhPrwUV1jcBXNLY9EE1G0xELGpROEZxZHvSdlDPeHbV9BvGGyswd0Zp52mzYLupiP1DZLv4HnF0DUGMklM3_E5g2-casZ0G-R1To8Pl2JB-ffzXm5Uz5A/s400/fma+knowledge.png" width="400" /></a></div>
<br />
They found:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6YQbhlC2dsO7jitmkobgTRan_dtmWV8abv5-WgG-M84yTwIwzI2DEPb7Wx1qsmfXRUNlhRtIqXzJuJPbHqtlNgPlmvLkc_iPO4jvE1TLDtbr9wnEvCw-mS2tIuk8K55_yKqdh_EEu3E/s1600/gate.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK6YQbhlC2dsO7jitmkobgTRan_dtmWV8abv5-WgG-M84yTwIwzI2DEPb7Wx1qsmfXRUNlhRtIqXzJuJPbHqtlNgPlmvLkc_iPO4jvE1TLDtbr9wnEvCw-mS2tIuk8K55_yKqdh_EEu3E/s640/gate.jpg" width="640" /></a></div>
<div style="text-align: center;">
"the Truth"</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
What is the truth? Truth is, Truth can be deceiving.<br />
<br />
What you believe to be true, is it true? Or do you just believe that it's true because you were taught that it is true and never looked any further?<br />
<br />
So what is the truth?<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBCwZkymD2IT0Gx2fxK-WAAMWxxrgm4Fa4UnzCuy0LHvHFQYHZ8HEjBJPzkDhp1k1Iz8PDOuwYbB19d67LQ8WyG5TGt6XdQDPvtTNrG6ku_0dYPeywnSGZZXp6jjSdjc53fuDHVTLt_FY/s1600/who+are+you.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBCwZkymD2IT0Gx2fxK-WAAMWxxrgm4Fa4UnzCuy0LHvHFQYHZ8HEjBJPzkDhp1k1Iz8PDOuwYbB19d67LQ8WyG5TGt6XdQDPvtTNrG6ku_0dYPeywnSGZZXp6jjSdjc53fuDHVTLt_FY/s1600/who+are+you.gif" /></a></div>
<br />
Truth is what gives one the most fitting form of despair to insure them not to become conceited.<br />
<br />
Truth is the source of knowledge, a dimension of information. However, a trader will only be granted as much knowledge as proportionate to what he has given up as a toll.<br />
<br />
Truth appears different to each person as a reflection of their true self and understanding. Those who rely on someone else will never make it farther than those who are willing to look deep within and beyond themselves.<br />
<br />
Truth is in yourself.<br />
<div style="text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyJBOLyGUkB5LIHRNt7bAhiW-lvLAZ-52wtm3Otu7igDt3BuZ66UyLxyx4UJcJUTvA-G0LTjSi9XEIKe2CUqhjuF_Eni1YsSsaRh1GX3soxHbDXa3xGVO0Lbyrn8TYgdTy3_MjJ1T71CA/s1600/u.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyJBOLyGUkB5LIHRNt7bAhiW-lvLAZ-52wtm3Otu7igDt3BuZ66UyLxyx4UJcJUTvA-G0LTjSi9XEIKe2CUqhjuF_Eni1YsSsaRh1GX3soxHbDXa3xGVO0Lbyrn8TYgdTy3_MjJ1T71CA/s640/u.gif" width="640" /></a></div>
<div style="text-align: center;">
Truth is "YOU"</div>
<br />
<br /></div>
</div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com5tag:blogger.com,1999:blog-6580734748097907542.post-9797102607007603542016-04-17T10:02:00.000-07:002016-04-17T10:02:51.949-07:00καιρός<div class="separator" style="clear: both; text-align: center;">
</div>
It was 8:00 AM when a text message woke me up.<br />
<br />
I was still groggy for having slept less than five hours since I work in the afternoon and leave the office past midnight.<br />
<br />
"Sorry ha? Wala na kasi ako. Yung hospital bill ni Tita ako na nagbayad. Nagbigay na rin sila Kuya at Ate. Baka meron kang pwede ibigay dyan pambili ng maintenance ni Tita. For one week na lang kasi yung natitirang supply."<br />
<br />
It was then that I decided to finally start writing this very important topic: Why Do I Trade?<br />
<br />
I remembered a movie that I really liked.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6ObNWg1whEkjY-y9xV-EP3P4cZN6IN9WKg8RbTPTb4ll_skMN0Bpj48n4IoXUaTbZhsWkfnheALAActzUqEMbnxES64q_LAF4GGiQVObosA7B1oBN5kdMhM_VyxjqgHWB1WFOcGezLI8/s1600/time.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6ObNWg1whEkjY-y9xV-EP3P4cZN6IN9WKg8RbTPTb4ll_skMN0Bpj48n4IoXUaTbZhsWkfnheALAActzUqEMbnxES64q_LAF4GGiQVObosA7B1oBN5kdMhM_VyxjqgHWB1WFOcGezLI8/s400/time.jpg" width="400" /></a></div>
<br />
<div class="MsoNormal">
It takes place in a society where people stop aging at 25
and each has a clock on their arm that counts down how long they have to live.
When the clock reaches zero, that person "times out" and dies. Time
has become the universal currency; it is used to pay for daily expenses and can
be transferred between people.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
There are two kinds of people. Those who have 24 hours or
less on their clock and need to keep working their ass off to earn more time. And those who have
enough time on their hands to live forever and do whatever the f*ck they want.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
This is the reason why I trade and keep on pushing myself to the limits to master this game.</div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmTwXMJN4XpQQefpWKa2pNmGW83UgPkQkYpo3UngNXI6vHyeLfTFVQJ7t8DXz7TewMBlJKsufW1piuXQPs_6SiFWQgJPQDw8uPzZkJx1eZg4pc1KU6Yje4SMSBw-lV7VAA6_203SvYmxE/s1600/sand.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="222" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmTwXMJN4XpQQefpWKa2pNmGW83UgPkQkYpo3UngNXI6vHyeLfTFVQJ7t8DXz7TewMBlJKsufW1piuXQPs_6SiFWQgJPQDw8uPzZkJx1eZg4pc1KU6Yje4SMSBw-lV7VAA6_203SvYmxE/s400/sand.jpg" width="400" /></a></div>
<div class="MsoNormal" style="text-align: center;">
I want TIME.</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
The movie is an extreme example of a "rat race." They keep working in order to live. If they don't, they die. In real life, if you're in a rat race, you don't die.. but you're not living either. You'd be missing out on a lot of things.</div>
<div class="MsoNormal">
<br />
There are three OFWs in my extended family. And they all have one thing in common as it is with almost all OFWs. Their children grew up seeing them only once or twice every two years. They go home to the Philippines and spend a month or two with their family. Go on vacation. Baguio, Boracay, Palawan, Bohol, anywhere you can think of. Then time runs out. It's over. Back to work.<br />
<br />
I remember a scene when I was still in college. I went with my cousin to the airport to fetch her husband. There was a woman carrying a child. Probably 2-3 years old. A man approached them and kissed the woman. The child looked as if she had no idea who the man was. The man gave the child a teddy bear. The woman said "Oh ayan ang Papa mo may regalo sayo. Papa mo yan."<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgt39jOP69leEjnTkENp76eP68eNrokAWj8rLEW2ORSvgz87aXz6oZjYpWvfdyzmfWGeH1ZcMu8huo7mv9sjCOHfoK_gH2yFsepNPevmBWjFKtXQy39DyNveLWhZINT-hIhMY0LpS1O_98/s1600/ted.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgt39jOP69leEjnTkENp76eP68eNrokAWj8rLEW2ORSvgz87aXz6oZjYpWvfdyzmfWGeH1ZcMu8huo7mv9sjCOHfoK_gH2yFsepNPevmBWjFKtXQy39DyNveLWhZINT-hIhMY0LpS1O_98/s400/ted.png" width="400" /></a></div>
<br />
This isn't the life I want.<br />
This isn't the life I want for my family.<br />
I don't want to miss a second seeing my child grow up.<br />
<br />
<div class="MsoNormal">
Eight hours of working for someone else could be eight hours spent with your loved ones.<br />
Waking up early in the morning to prepare for work could be waking up to exercise.<br />
Waking up early in the morning could be waking up to prepare breakfast for your family.<br />
Working on weekends could be movie time for the whole family.<br />
Working on holidays could be a family road trip somewhere.</div>
<div class="MsoNormal">
Eating lunch with workmates could be picnic with your parents who are getting old.<br />
Overtime hours could be keeping up with friends asking how their day was.<br />
Working late at night in order to submit that report could be hours for making love with your special someone.</div>
</div>
<div class="MsoNormal">
<br />
Think of one of Zeefreaks' students.<br />
He's now a full-time trader working on his own bakeshop on which he's passionate about.</div>
<div class="MsoNormal">
He gets to spend quality time with his family obviously.<br />
And he still has enough time to do swimming.</div>
<div class="MsoNormal">
You can't do these if you're working for someone else.<br />
<br /></div>
<div class="MsoNormal">
You see.<br />
Money can buy time.<br />
And if you have more money, you have more time.<br />
More time to pursue your passion and things you like.</div>
<div class="MsoNormal">
More time to give to people who need it.<br />
More time to share with the important people in your life.</div>
<div class="MsoNormal">
More time to spend with people you love.<br />
I care less about the money.<br />
I want time.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaUhUVFmJ_HrzFgY1hwGBPIysBLC8RdZXTnOjWvVPLyg08uomMzhEXcSro-z41woQKxFDLk02maxj3-drKF6BAt5uLtMnt7oYgEkO46fcby4sjzal2I0MEglDcwFzTG1Kfxwxypepe8t0/s1600/dart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaUhUVFmJ_HrzFgY1hwGBPIysBLC8RdZXTnOjWvVPLyg08uomMzhEXcSro-z41woQKxFDLk02maxj3-drKF6BAt5uLtMnt7oYgEkO46fcby4sjzal2I0MEglDcwFzTG1Kfxwxypepe8t0/s400/dart.jpg" width="400" /></a></div>
<br />
I've been studying the market and myself for two years now.<br />
I am not yet profitable.<br />
So am I wasting my time?<br />
I don't think so.<br />
What's spending two, three, even five years learning and mastering this game if you see yourself playing it even when you're 50, 60,70 years old?<br />
I know I'll get there.<br />
In Time.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_cKAWUMhjEMYWuuNJjwB5rWAo-4whhjSidj1bDduYwB4j7RvBDF2-i6ubtT1xi_23fDBHFP3ZyHUJWkza8oeo0zpbeOESsUvvbZ4PFlwg20y-EwG9C_so7yJgUgEtgp4135bolhSrY8E/s1600/old.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="297" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_cKAWUMhjEMYWuuNJjwB5rWAo-4whhjSidj1bDduYwB4j7RvBDF2-i6ubtT1xi_23fDBHFP3ZyHUJWkza8oeo0zpbeOESsUvvbZ4PFlwg20y-EwG9C_so7yJgUgEtgp4135bolhSrY8E/s640/old.jpg" width="640" /></a></div>
<br /></div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com11tag:blogger.com,1999:blog-6580734748097907542.post-46031442295513827662016-03-20T07:57:00.001-07:002016-03-20T07:57:05.608-07:00Traders are Alchemists<div>
<span style="font-family: inherit; line-height: 22px;">The proper application of alchemy requires not only a full understanding of chemistry and ancient alchemical theory, but also a sort of natural talent towards recognizing and manipulating the physical objects with energy, which require uncommon levels of intelligence and aptitude. Those remarkable individuals capable of studying and practicing alchemy are known as "Alchemists".</span></div>
<div>
<span style="font-family: inherit;"><span style="line-height: 22px;"><br /></span></span></div>
<div>
<span style="font-family: inherit;"><span style="line-height: 22px;">There are many paths by which alchemists can transmute the various substances of the world, with some alchemists being said to transmute by way of the Four Classical Elements (Water, Earth, Fire and Air) and some by way of the Three Essential Principles (salt, sulfur and mercury), but the basic tenet at the very foundation of all alchemy is that of Equivalent Exchange: "In order to obtain or create something, something of equal value must be lost or destroyed."</span></span></div>
<div>
<br /></div>
<div>
<span style="line-height: 22px;">Alchemists are like traders.</span></div>
<div>
<span style="line-height: 22px;">They have specific masteries.</span></div>
<div>
<span style="line-height: 22px;">They have their own crafts they've worked on to perfection.</span></div>
<div>
<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF9aZwkWO-5zvb_ETFP0maR9UkSxqtuKFNkN77mFWCcoO8IovfCsL7LdBxZacBXgQ0dCBtFVe2d4uRMf8zd5uKM1tbXTpzXvkzawh7n3sdfelajh25vZ-t2VGqkrUIWm4Zz9pGq9WphhU/s1600/pocketwatch.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF9aZwkWO-5zvb_ETFP0maR9UkSxqtuKFNkN77mFWCcoO8IovfCsL7LdBxZacBXgQ0dCBtFVe2d4uRMf8zd5uKM1tbXTpzXvkzawh7n3sdfelajh25vZ-t2VGqkrUIWm4Zz9pGq9WphhU/s320/pocketwatch.jpg" width="320" /></a></div>
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<span style="line-height: 22px;">There are alchemists employed as part of an elite government mandated program. They're subject to the government hierarchy and must obey the orders of their superiors as well as devote themselves entirely to the protection, advancement and well-being of the nation as a whole. Their skills are to be wielded as an extension of the government's power as opposed to means toward individual or popular gain. </span><span style="line-height: 22px;">They are entitled to the use of research funds, unrestricted access to classified documentation, and advanced technology.</span></div>
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<span style="line-height: 22px;">There are those who were previously part of the organization. Got fed up. And later realized that it would be better for them to go solo and pursue their own goals. After sacrificing a number of innocent Ishvalans during the Ishval Civil War to create new stones in Laboratory 5, he fled the military with some imperfect stone samples. He settles down in a small country town where he uses his stones to heal the sick under the identity of "Doctor Mauro."</span></div>
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<span style="line-height: 22px;">Then there are those who believe that the organization is rigged. That it takes advantage of innocent people. And that no one stands a chance, even himself. But he still goes against them. Specializing in liquid-based alchemy, the Freezing Alchemist</span><span style="line-height: 22px;"> is a former State Alchemist in the military who is currently trying to destroy Central.</span></div>
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There are others who learned and mastered a certain type of alchemy under the tutelage of one of the best. Flame Alchemy is the brainchild of the master alchemist Berthold Hawkeye, who had spent several years perfecting it before his death from illness in 1905. Believing it to be the greatest and most powerful form of alchemy possible, Hawkeye refused to pass on the knowledge to Roy, who was his apprentice at the time, and instead entrusted the secrets of his search for knowledge to his young daughter Riza - tattooing the perfected array onto her back as the only physical record of its existence.</div>
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But there are also alchemists who are egomaniacs. They could be so desperate that they are willing to sacrifice, not only their own resources, but also of others in order to achieve their self-serving goals. Tucker had gained a bit of notoriety and earned his State Alchemist's License by producing a chimera capable of human speech. Ed and Al begin visiting Tucker at his estate to pore over his library of texts and forge a bit of a friendly relationship with the Sewing-Life Alchemist.</div>
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There are people who devote a great deal of time and effort building up a legion of followers as a type of cult leader through the work of divine miracles to create an army of religious fanatics large enough to overthrow the Amestrian government and place him as the country's ruler. Newbies would think that this guy is the answer to their prayers. That his calls are divine and never wrong. They're wrong.</div>
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Self-taught alchemists are strong. Because there are no limits to what they can do but their own understanding of it. They don't work for anyone and are not affiliated to anything except their roots. They are masters of their own craft and have worked hard to get to where they are. As a former warrior of Ishbal, Scar is quite adept at hand-to-hand combat, boasting significant strength and stamina, remarkable agility and reflexes and deceptive speed. As a fundamentalist opponent of alchemy, Scar does not consider himself an alchemist in the traditional sense, but the strain of alchemy that his arm itself allows him to produce is powerful, advanced and unique.</div>
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They could be ordinary people doing extraordinary things. Izumi Curtis is a master alchemist and skilled martial artist living in the southern Amestrian town of Dublith where she runs a butcher shop with her husband Sig. Though she doesn't usually take on students, Izumi accepted Edward and Alphonse Elric's plea to take them on as her apprentices and instructed them in alchemical theory and martial arts for six months. In that time, she grew to love them as deeply as she would her own children, becoming a long-term source of guidance and support for the Elrics' future endeavors.</div>
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Some are deserving enough to be taught by really good masters. Having apprenticed under Izumi Curtis, Ed was taught to condition his body through regular workouts and sparring as part of her philosophy, "to train the spirit, first train the body." As such, his slight frame belies a compactly muscular build that, in addition to his naturally high energy level and endurance, fuels his considerable strength and agility. Due to Izumi's Spartan training, Edward has become a particularly competent hand-to-hand fighter, able to hold his own against armed opponents and even skilled martial arts practitioners. Besides that, his steel right arm and left leg augment his fighting strength by adding to his defensive and offensive capabilities as well as his speed.</div>
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<span style="line-height: 22px;">There are those who can manipulate everything without moving or twitching a finger. The whole world would move with just one word from his mouth. Father was created from the essence of the Eye of God, and thus Father's shadowy actual form greatly resembles the Eye. Father inherited much knowledge from the Eye, and, when it comes to amount, only those of the Eye and Truth exceed his knowledge.</span></div>
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<span style="line-height: 22px;">Then there's me.</span></div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-59106692985247618912016-03-20T03:54:00.000-07:002016-04-19T07:52:16.086-07:00A Lesson Without Pain Is MeaninglessUsually, I only take positions worth around P15,000 so that a 10% loss would only equate to P1,500. and I could move on easily to the next trade.<br />
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After a series of wins late February, I decided to increase my position size.<br />
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Instead of risking 0.50 - 1% of capital on my initial entries, I traded with 2% risk.<br />
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Needless to say, I at least doubled my size.<br />
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This is what happened:<br />
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<span style="color: red;">MED : -10%</span><br />
I bought this before closing at 0.63<br />
Added more when it closed above 0.64 which was a resistance.<br />
The day after, it closed at 0.58, I cut and lost 10%.<br />
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<span style="color: lime;">Where I went wrong:</span><br />
2x recommended size.<br />
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<span style="color: red;">CPM : -5%</span><br />
I bought this because it was a Zeus Strike.<br />
The day after, I sold it at 0.62 without waiting for the close.<br />
I sold it because I wanted to buy something else.<br />
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<span style="color: lime;">Where I went wrong:</span><br />
2x recommended size.<br />
Buy signal was before closing. (almost End of Day)<br />
Sell signal was before lunch. (price action not definitive)<br />
I got shaken out by intraday fluctuations.<br />
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<span style="color: red;">CYBR : Whipsaw</span><br />
I bought this when it broke out of the 100ma and 200ma on the daily chart.<br />
I waited for the close and added more.<br />
The day after, I checked it right after the open and it was trading at 0.4600 levels.<br />
I sold it.<br />
After 2 hours, it's at 0.51 which means that it broke out of the 100ma on the weekly.<br />
I bought it.<br />
A day after, it closed at 0.49<br />
I sold it.<br />
Come Monday, I bought it again because it closed at 100ma weekly.<br />
Tuesday, I sold.<br />
What the hell just happened?<br />
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<span style="color: lime;">Where I went wrong:</span><br />
2x recommended size.<br />
Buy signal was End of Day.<br />
Sell signal was intraday. (a few minutes after the open, price action not definitive)<br />
I got shaken out by intraday fluctuations.<br />
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<span style="color: red;">SUN : -8%</span><br />
This closed at 1.05 on Friday.<br />
I was so eager to have shares that I put an OH order at 1.07, just above the 100ma weekly.<br />
Although the best entry would be at 1.02.<br />
Monday's opening price was because of me.<br />
I sold it after 2 days at 0.99 which was my cut point.<br />
<br />
<span style="color: lime;">Where I went wrong:</span><br />
Not waiting for the best risk-reward scenario.<br />
Sell signal was before lunch. (price action not definitive)<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhe9rMyPa5xpZwbnrqpU17f8GLIErHsnODp7iDNz7cV0jHMksrR5Ji0sfQ6BWzgCkTyi7kntAppVahn04bMf18WqyDPznDMK1RNLdPknSEAvtODd61lJVpBEK7oBZIqD0-VRyLWk7GisA8/s1600/SUN+-8%2525.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhe9rMyPa5xpZwbnrqpU17f8GLIErHsnODp7iDNz7cV0jHMksrR5Ji0sfQ6BWzgCkTyi7kntAppVahn04bMf18WqyDPznDMK1RNLdPknSEAvtODd61lJVpBEK7oBZIqD0-VRyLWk7GisA8/s400/SUN+-8%2525.png" width="400" /></a></div>
<br />
After a few of these losses, my psychology became unstable.<br />
I wanted to get back those losses so I traded with bigger sizes.<br />
I looked for stocks that are moving up and bought them without thinking of the risks.<br />
<br />
To top it all off, I was trading intraday despite the fact that I have sh*tty internet connection.<br />
<br />
There are a lot of things going on in my mind right now.<br />
Here are some of it.<br />
<br />
I get whipsawed because I don't have conviction on my trade.<br />
I don't have conviction on my trade because I have too much emotion.<br />
I have too much emotion because I have too much size.<br />
And too much size does not mean conviction.<br />
<br />
I've also been thinking what would make me consider if what I'm feeling is whether the FOMO (Fear of Missing Out) or Opportunity Cost.<br />
<br />
Then a youtube video lesson answered it for me.<br />
<br />
"Fear of missing out is when you buy a stock without a cutloss point."<br />
<br />
It totally makes sense!<br />
This is just what I needed to know.<br />
This will help me stop me from chasing those high-flyers and taking unnecessary risks.<br />
<br />
My account just fell to 5 digits and I've lost a lot of confidence.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYuYXUMsMOy4itvrRvqUD8Aw5ntvHirOm6hP2RW3HQU6AYd4TpoB_QjdegB7eTmkqxnZONIm8X2BYVc_Vgj8Tjz239nE3WiJhMIRs9FKw2Av-DzCYKk1DxJbIDU9fKKIvNOtMves82Zj0/s1600/sad+edward.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYuYXUMsMOy4itvrRvqUD8Aw5ntvHirOm6hP2RW3HQU6AYd4TpoB_QjdegB7eTmkqxnZONIm8X2BYVc_Vgj8Tjz239nE3WiJhMIRs9FKw2Av-DzCYKk1DxJbIDU9fKKIvNOtMves82Zj0/s400/sad+edward.gif" width="400" /></a></div>
<br />
For now, I'll go back to trading the size I'm comfortable with and work from there.<br />
<br />
I've learned a lot these past 2 weeks.<br />
<br />
Nothing can stop me from being a successful trader.<br />
One day, I'll look back at this experience and tell myself, "bobo mo! hahahah!"<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxOlIFYVCLJJLSi_DpdpF0KhMtLhVHHjluN4AgK5eB672k6a7Qb64AFp3VdVfEN5KqsWM2ukyTP3omZXI2zhgohxwrwWfv8VCnq-BBbX2i6_wWJNmmF6a6Am_Qw7HtJN_4fbolpn2a62g/s1600/fullmetal.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxOlIFYVCLJJLSi_DpdpF0KhMtLhVHHjluN4AgK5eB672k6a7Qb64AFp3VdVfEN5KqsWM2ukyTP3omZXI2zhgohxwrwWfv8VCnq-BBbX2i6_wWJNmmF6a6Am_Qw7HtJN_4fbolpn2a62g/s400/fullmetal.png" width="382" /></a></div>
<div style="text-align: center;">
Only time stands in my way.</div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com9tag:blogger.com,1999:blog-6580734748097907542.post-19772274983853937622016-03-06T09:05:00.000-08:002016-04-19T07:50:44.568-07:00The Good & The BadHere are my trades for the past 2 weeks.<br />
<br />
And I'll dissect them one by one.<br />
<br />
Starting with my successful trades.<br />
<br />
ANI:<br />
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</div>
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</div>
<br />
I was waiting for it to break out.<br />
Then, I went ALL IN.<br />
I had conviction on this trade.<br />
I had accepted that if I'wrong, I lose P4,400 with a cutpoint set at 4.78, just below the low of the day.<br />
<br />
But I got it right.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsngQ96u1Iz0LqXM29nCeymDE6JQvXhfZ7YByN4XdPA_55lFExzf_pKVI_r9tUjF0cbYkKuEix-dO90h4hfK4leeFcTHOMxgkgLBRox9rJEUr6RsVeaIiifzbnYR9ZCTBhyphenhyphenC4Fp7qoUQk/s1600/ANI+18%2525+ALL+IN.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="355" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsngQ96u1Iz0LqXM29nCeymDE6JQvXhfZ7YByN4XdPA_55lFExzf_pKVI_r9tUjF0cbYkKuEix-dO90h4hfK4leeFcTHOMxgkgLBRox9rJEUr6RsVeaIiifzbnYR9ZCTBhyphenhyphenC4Fp7qoUQk/s640/ANI+18%2525+ALL+IN.png" width="640" /></a></div>
<br />
However, I must say that I wasn't able to maximize my gains.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit-nAWHMvP8xH_IUd6KwiiNdzTEk4bhdNAeM6ghnXB9uhDv6K55U3Gx0dJfpLkiyst0I7nbkSikAEYSuaFpLavo6Yx2oO6BbEP7kNg5M9BL1NdNQPuIl0skwA7eYPaoWcFw2nnJ1iJfBA/s1600/ANI+february+with+sell.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="430" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit-nAWHMvP8xH_IUd6KwiiNdzTEk4bhdNAeM6ghnXB9uhDv6K55U3Gx0dJfpLkiyst0I7nbkSikAEYSuaFpLavo6Yx2oO6BbEP7kNg5M9BL1NdNQPuIl0skwA7eYPaoWcFw2nnJ1iJfBA/s640/ANI+february+with+sell.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDGGCNKnL-nPUkw3WnWJ31PWxvSN6VWl4JC8cgbjUFTeQ-Q-Rx8FqGRyYi19A-qMo08ful1wex64P-S6IipvLKAEEFrEdK-27_6niX8RcoQ5q7ZdKY24hcy9g_-G3givbjPp6NlYNPUv8/s1600/ani+selling+on+weakness.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="243" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDGGCNKnL-nPUkw3WnWJ31PWxvSN6VWl4JC8cgbjUFTeQ-Q-Rx8FqGRyYi19A-qMo08ful1wex64P-S6IipvLKAEEFrEdK-27_6niX8RcoQ5q7ZdKY24hcy9g_-G3givbjPp6NlYNPUv8/s640/ani+selling+on+weakness.png" width="640" /></a></div>
I got out with a +9.40% Profit.<br />
<br />
Next trade: DD<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKM2TDvEOX4b0Z6IJXiSkVknPAJ5qtOTmpWYcu6RKu_I0CCjV3lAPIAFTpYws8lWCsHHeP5D1wmf0t-B4f4ZsEpvEkkOh3CMMFdIgF7u1zwI0gajvSbacnDxtYxozXP1s0r7wdRyVgNFw/s1600/dd+trade+15%2525.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKM2TDvEOX4b0Z6IJXiSkVknPAJ5qtOTmpWYcu6RKu_I0CCjV3lAPIAFTpYws8lWCsHHeP5D1wmf0t-B4f4ZsEpvEkkOh3CMMFdIgF7u1zwI0gajvSbacnDxtYxozXP1s0r7wdRyVgNFw/s640/dd+trade+15%2525.jpg" width="640" /></a></div>
<br />
Few things about this trade:<br />
1. I bought near the top of the range which isn't really a good buying area.<br />
2. I bought 700 shares only because I didn't plan on going heavy. Just a quick trade.<br />
3. But because I had a tight stop at 24.60, I figured I could lose only P630 if I'm wrong.<br />
4. I got it right.<br />
5. I sold at the open last Friday because 30.00 should be both a psychological resistance and a technical resistance considering it's a whole number.<br />
6. +15.29% Profit on this trade.<br />
<br />
VITA:<br />
<br />
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</div>
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I bought VITA at 0.67 with my recommended position size.</div>
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Then I added more at 0.66 (which is against my rule of averaging down).</div>
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Added more at 0.69 (because it did a Zeus Strike).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMUyT7CWcZmARQgor7pe6uO2_eKAkfacZZNQvp5aULXzYh6hWqFlo5gvgHKAugz9AQlOurG97Jd11z4cC-GojvrSh61igss_XkukDkYo3GGyJhDqv-L-BJxxI3xm4-tixThthVrqfaYiM/s1600/vita+11%2525.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMUyT7CWcZmARQgor7pe6uO2_eKAkfacZZNQvp5aULXzYh6hWqFlo5gvgHKAugz9AQlOurG97Jd11z4cC-GojvrSh61igss_XkukDkYo3GGyJhDqv-L-BJxxI3xm4-tixThthVrqfaYiM/s640/vita+11%2525.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcop_CS2MXWzvTx8bPo1DYKZldFtW56O4bETdoWhZYvU41UVSWt7Yc92ZdaarmnWytgrL6tHl4Qn0lSE_Or5qT66LsNdeUddM5gL_YR3iwStVzvMp_we50N7dHwkff_nZDVF9ZWXioa9M/s1600/vita+trade+11.77%2525.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="434" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcop_CS2MXWzvTx8bPo1DYKZldFtW56O4bETdoWhZYvU41UVSWt7Yc92ZdaarmnWytgrL6tHl4Qn0lSE_Or5qT66LsNdeUddM5gL_YR3iwStVzvMp_we50N7dHwkff_nZDVF9ZWXioa9M/s640/vita+trade+11.77%2525.png" width="640" /></a></div>
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My target price is 0.77- 0.78.</div>
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It rallied.</div>
Although it hit my target price, I sold everything at 0.75 with +11% Profit.<br />
<br />
<br />
Now it's time for the unsuccessful ones.<br />
<br />
MAXS:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3NwFmaRx20eoQcWwJvxxLEXBeVCUOQZeGx96ldvmX8xpTho4iExn7mg5IWyx6mFRyt1-w2LqXPwL0SSXESIdQ_S5rzwg_peVe55OwFimC-YlAobi5Q2qhhgPdS8N7lsPjLd-oRhHkv1M/s1600/maxs+impatience.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3NwFmaRx20eoQcWwJvxxLEXBeVCUOQZeGx96ldvmX8xpTho4iExn7mg5IWyx6mFRyt1-w2LqXPwL0SSXESIdQ_S5rzwg_peVe55OwFimC-YlAobi5Q2qhhgPdS8N7lsPjLd-oRhHkv1M/s640/maxs+impatience.png" width="640" /></a></div>
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<br />
PPC:<br />
I sold half of the position to follow my recommended size.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbUtKPLdepa7hOf70-UyhyLnYw6hn6ly0PWp8pNZYxiLqagjYzt-k1vET4Ypn9KIZf-7rnVhD0KNBoT_dc0ZcBVhlaaTuJ9zmbL9CMML8w46C7abNn3LIbRae8w1GJP8abvPppVFoPhng/s1600/ppc+impatience.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="206" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbUtKPLdepa7hOf70-UyhyLnYw6hn6ly0PWp8pNZYxiLqagjYzt-k1vET4Ypn9KIZf-7rnVhD0KNBoT_dc0ZcBVhlaaTuJ9zmbL9CMML8w46C7abNn3LIbRae8w1GJP8abvPppVFoPhng/s640/ppc+impatience.png" width="640" /></a></div>
<br />
RFM:<br />
I am still bullish on this stock since it is still above the 100ma. However, other stocks are moving faster that I had to close this position. Would just wait for the 200ma breakout confirmation.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdBUe2m-oR9NoIhp0XeBFTw9m0tynirgnhEXeZ44QNILQ-Y7avS3Bz-16RB2CVGLAhlj6UkzqgNhio11toljumGcmdLxLRA25ouoNshT4TElYI5DWzk1YUIoy6qqo5uApE5608N9w7hxY/s1600/rfm+impatience.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdBUe2m-oR9NoIhp0XeBFTw9m0tynirgnhEXeZ44QNILQ-Y7avS3Bz-16RB2CVGLAhlj6UkzqgNhio11toljumGcmdLxLRA25ouoNshT4TElYI5DWzk1YUIoy6qqo5uApE5608N9w7hxY/s640/rfm+impatience.png" width="640" /></a></div>
<br />
IS:<br />
I f*cked up on this one. I was so bullish on the last candle before I bought that I put my order at 0.2300 and got filled at 0.2260. Right after that, it plummeted. It closed at 0.2140 and I still haven't exited.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm_22eXK24lWTo1yGYgg_hFx2y7HysjLycIOCIE-fNN0Gkp_r79Ik9NjtpqgEh2ti0K5lICdsg81ppCuJ5g0QS1dNLvDhMfxLlMokgys-yqgOW7x9hXGihpnOvS0sM5GPOl03LP9R5Rr8/s1600/is+no+cut.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="112" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm_22eXK24lWTo1yGYgg_hFx2y7HysjLycIOCIE-fNN0Gkp_r79Ik9NjtpqgEh2ti0K5lICdsg81ppCuJ5g0QS1dNLvDhMfxLlMokgys-yqgOW7x9hXGihpnOvS0sM5GPOl03LP9R5Rr8/s640/is+no+cut.png" width="640" /></a></div>
<br />
If you would notice on MAX, RFM, and PPC, I didn't really get stopped out.<br />
Instead, I sold because I was impatient.<br />
This is one of my greatest trading problems.<br />
Not letting the trade work.<br />
Because of this, I just end up paying commission and lose money.<br />
<br />
The IS trade is yet another case of impatience.<br />
Not waiting for the best risk-reward price level.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHjRhVz6XQ2EzXxISWHxaDuOimi8d0sq-ChATJs7w0LamNdfadwl0aQTd22Ga6OjTri7NOLsB1hEuoM8F2VvBCezyt6aKMA0lN69CfF_46uIco17hCM8tF16bf7pgfdDP6gWgBbDRcsvM/s1600/sniper.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHjRhVz6XQ2EzXxISWHxaDuOimi8d0sq-ChATJs7w0LamNdfadwl0aQTd22Ga6OjTri7NOLsB1hEuoM8F2VvBCezyt6aKMA0lN69CfF_46uIco17hCM8tF16bf7pgfdDP6gWgBbDRcsvM/s640/sniper.png" width="640" /></a></div>
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<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com0tag:blogger.com,1999:blog-6580734748097907542.post-2455788332852005492016-02-21T08:06:00.000-08:002016-04-19T07:25:37.354-07:00The Journey to Self-Discovery<span style="line-height: 19.32px;">Success comes to people who look at markets in unique ways and don't simply follow the canned indicators and software or the predigested analyses from news reports or research reports.</span><br />
<span style="line-height: 19.32px;">Successful traders are able to see markets through a unique lens.</span><br />
<span style="line-height: 19.32px;">There's a degree of creativity that goes into success for a trader.</span><br />
<br />
<span style="line-height: 19.32px;">I will be completely honest since this is my blog. Lels.</span><br />
<span style="line-height: 19.32px;">I've been trading for almost two years.</span><br />
<span style="line-height: 19.32px;">I am negative 10% right now.</span><br />
<span style="line-height: 19.32px;">And I am not yet consistently profitable.</span><br />
<span style="line-height: 19.32px;">I've made a lot of mistakes along the way.</span><br />
<span style="line-height: 19.32px;">And I still keep on making some of them.</span><br />
<br />
<span style="line-height: 19.32px;">I think that in order to be a consistently profitable trader,</span><br />
<span style="line-height: 19.32px;">one must be fully aware of who he is, </span><span style="line-height: 19.32px;">what he can and cannot do.</span><br />
<span style="line-height: 19.32px;">He must know his strengths and weaknesses.</span><br />
<span style="line-height: 19.32px;">Do more of what works.</span><br />
<span style="line-height: 19.32px;">Eliminate what doesn't.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">But when you're just starting to trade, how are you supposed to know that, right?</span><br />
<span style="line-height: 19.32px;">You're a noob and you have no idea what you're doing.</span><br />
<span style="line-height: 19.32px;">It would be awesome if you have a market wizard sitting right beside you in every trade.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3f20Vn8NkJ1Mi-Uccql_xpA2zky6wrMOn-dcF_7YUX9S8kD-vo1BgYTbD85s68gapmqq9NfWNodstCH3ff0LB7B7gU0dSKsLr0dAh6HoOBYhVAkG-h9ecmBpdc3sIboIorKdk1sfMSCk/s1600/master.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="179" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3f20Vn8NkJ1Mi-Uccql_xpA2zky6wrMOn-dcF_7YUX9S8kD-vo1BgYTbD85s68gapmqq9NfWNodstCH3ff0LB7B7gU0dSKsLr0dAh6HoOBYhVAkG-h9ecmBpdc3sIboIorKdk1sfMSCk/s320/master.gif" width="320" /></a></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">But that doesn't just happen to anyone.</span></div>
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">When I started trading, I kept a trading journal.</span><br />
<span style="line-height: 19.32px;">Why did I have a trading journal even when I was just starting?</span><br />
<span style="line-height: 19.32px;">I needed a record of my trades for me to look back and see what I did wrong.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">I write lots of things on my journal.</span><br />
<span style="line-height: 19.32px;">Entries, exits, reasons why I bought, reasons why I sold, etc.</span><br />
<span style="line-height: 19.32px;">But of all those things, the most important to keep track of is my trading psychology.</span><br />
<span style="line-height: 19.32px;"><br /></span>
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<span style="line-height: 19.32px;">Here are a few entries from my journal and what I've learned from them:</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;"><i>"Now I want to get out of RCI to buy DAVIN because it's a weekly breakout but I would lose 3,000+ pesos by cutting my losses because I can't get out at a decent price. NEVER EVER EVER buy ILLIQUID stocks! This is your Nth time getting stuck on an illiquid. Learn your lesson."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"I shouldn't have sold everything when it went ceiling just like I did in MED because my base is REALLY LOW so corrections wouldn't scare me. What happened in NOW lost me a possible 2x bagger."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"Almost bought 7k shares RFM at 4.18-4.20 but was able to cancel it telling myself that the reward is only 9.52% max and I will ONLY take trades with at least 10% reward."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"I really think that making more money by averaging up is more important than not averaging up and keeping my base just to show off a 90-100% gain screenshot."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"Reasons why I was hesitant to buy more DAVIN:</i></span><br />
<span style="line-height: 19.32px;"><i>My average price will increase and the % gain will decrease.</i></span><br />
<span style="line-height: 19.32px;"><i>I can no longer post a 50%+ gain which hurts my ego.</i></span><br />
<span style="line-height: 19.32px;"><i>But I have to understand and keep telling myself that making more money is more important than bragging about higher % gains."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"I realized that I have a hard time monitoring more than 3 stocks. I'm not comfortable. I think I should focus on just 3 stocks and control my fear-of-missing out just like what happened this week. I jumped from DAVIN to POPI to DAVIN again to ION. It's costing me commission and small losses that compound into big amounts."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"This is another impact of my fomo, just lost almost 8% of my account equity in one day. i should REALLY NEVER CHASE."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"I have to fight feeling sad/down whenever my winning stock goes down or my unrealized profit on a stock goes down."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"DO NOT TRADE OR ANALYZE if you are sick. You will make dumb decisions."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"Nothing wrong with the stock/candle/trend. 15% gain instead of 70%+."</i></span><br />
<span style="line-height: 19.32px;"><i><br /></i></span>
<span style="line-height: 19.32px;"><i>"Although I could've exited at 0.75 yesterday to reduce the loss. It took me longer to accept that I'm wrong."</i></span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">I read my trading journal every weekend to find out how I did.</span><br />
<span style="line-height: 19.32px;">Then, it's study, study, study!</span><br />
<span style="line-height: 19.32px;">Reverse engineer. reverse engineer, reverse engineer my most successful trades.</span><br />
<span style="line-height: 19.32px;">Focus on what succeeds.</span><br />
<span style="line-height: 19.32px;">What trades make money?</span><br />
<span style="line-height: 19.32px;">Why were they successful?</span><br />
<span style="line-height: 19.32px;">How did I come up with the idea?<br />How did I enter the trade?</span><br />
<span style="line-height: 19.32px;">How did I manage the trade?</span><br />
<span style="line-height: 19.32px;">How did I exit?</span><br />
<span style="line-height: 19.32px;">Reverse engineer the trade.</span><br />
<span style="line-height: 19.32px;">It not only taught me my strengths,</span><br />
<span style="line-height: 19.32px;">It also taught me what is working and that I should do more of what I'm doing well.</span><br />
<span style="line-height: 19.32px;"><br /></span>
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<span style="line-height: 19.32px;">As I went through this painstaking, mind-numbing, soul-crushing task, I was able to find out what works for me and what doesn't:</span><br />
<br />
<ul>
<li><span style="line-height: 19.32px;">I don't have the courage to take on bounce plays.</span></li>
<li><span style="line-height: 19.32px;">I don't have the patience to be a trend follower.</span></li>
<li><span style="line-height: 19.32px;">I don't have the time for day trading.</span></li>
<li><span style="line-height: 19.32px;">I easily get scared when things happen fast.</span></li>
<li><span style="line-height: 19.32px;">I have a problem in scaling up on positions.</span></li>
<li><span style="line-height: 19.32px;">My fear of missing out is very strong.</span></li>
<li><span style="line-height: 19.32px;">Trend lines don't make sense to me.</span></li>
<li><span style="line-height: 19.32px;">I can only handle 3 positions simultaneously.</span></li>
<li><span style="line-height: 19.32px;">I know what stock is about to go up but I don't have the patience to let the trade work.</span></li>
<li><span style="line-height: 19.32px;">I get better results when I wait for the close.</span></li>
<li><span style="line-height: 19.32px;">I find buying breakouts easier.</span></li>
<li><span style="line-height: 19.32px;">I perform poorly when I assume/predict.</span></li>
<li><span style="line-height: 19.32px;">I lose money when I chase.</span></li>
<li><span style="line-height: 19.32px;">Illiquids suck.</span></li>
<li><span style="line-height: 19.32px;">Many of my bad trades are impulsive trades.</span></li>
</ul>
<div>
<span style="line-height: 19.32px;">Through these realizations, I have developed a strategy that works with my temperament, with my time commitment, and just makes sense to me on so many levels.</span></div>
<div>
<span style="line-height: 19.32px;"><br /></span></div>
<div>
<span style="line-height: 19.32px;">These are my trading rules.</span></div>
<div>
<span style="line-height: 19.32px;">It's from trading book authors, podcasts, articles, youtube videos, blogs, and myself.</span></div>
<div>
<span style="line-height: 19.32px;">I have them as my desktop background so I get reminded every single moment.</span></div>
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<span style="line-height: 19.32px;"><br /></span></div>
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<span style="line-height: 19.32px;">Before I make a trading decision, I make sure that I am well aware of how I feel.</span><br />
<span style="line-height: 19.32px;">That I am aware of my trading rules because these rules saved my ass lots of times already.</span><br />
<span style="line-height: 19.32px;">But it doesn't always happen every time.</span><br />
<span style="line-height: 19.32px;">Sometimes I immediately buy/sell a stock and end up losing money.</span><br />
<span style="line-height: 19.32px;">But whenever I can, I try to be as disciplined as possible.</span><br />
<span style="line-height: 19.32px;">Sometimes I close my eyes and talk to myself first to check if I might be missing something.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">I think that it is important to figure out your best practices as a trader.</span><span style="line-height: 19.32px;"><br />Once you understand your best practices, you can create a checklist.</span><br />
<span style="line-height: 19.32px;">And you can use that checklist just like a pilot goes through a checklist before taking flight to make sure that everything is perfect with the plane.</span><br />
<span style="line-height: 19.32px;"><br /></span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnxp3Z_l9B90qvMTNbm3KZ4yto7gr_ZsZiwZDsqsXhcMbMFuC3E9HHSGBHuUorN80lKOo5hKNeVK_Hd-qWjVWtDYM1FVnfJdOXHEsYxa9Rud8UoT-0PBibeYgPtXlMwEYvp_K3GSHbims/s1600/pilot.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="505" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnxp3Z_l9B90qvMTNbm3KZ4yto7gr_ZsZiwZDsqsXhcMbMFuC3E9HHSGBHuUorN80lKOo5hKNeVK_Hd-qWjVWtDYM1FVnfJdOXHEsYxa9Rud8UoT-0PBibeYgPtXlMwEYvp_K3GSHbims/s640/pilot.jpg" width="640" /></a></div>
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<div style="text-align: center;">
<span style="line-height: 19.32px;">Co-Pilot Checklist</span></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">1. Don't touch anything.</span></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">2. Keep your mouth shut.</span></div>
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">Make sure everything is perfect with the set-ups, with your frame of mind before risking capital.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">Many of my bad trades are impulsive trades.</span><br />
<span style="line-height: 19.32px;">They're not planned.</span><br />
<span style="line-height: 19.32px;">They're not well thought out.</span><br />
<span style="line-height: 19.32px;">I was fearful of missing a move.</span><br />
<span style="line-height: 19.32px;">I was frustrated because my last trade was a loser and I want to get the money back.</span><br />
<span style="line-height: 19.32px;">These impulsive decisions rarely gave me positive returns.</span><br />
<span style="line-height: 19.32px;">So by requiring myself to go back to basics, t</span><span style="line-height: 19.32px;">o best practices, and use a checklist,</span><br />
<span style="line-height: 19.32px;">I am sure that I'm making the best bets and not impulsive ones.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">It took me quite a long time to have some confidence in my analyses and the trades I take.</span><br />
<span style="line-height: 19.32px;"><br /></span>
<span style="line-height: 19.32px;">Someone who has a high degree of confidence without prior success is probably delusional.</span><br />
<span style="line-height: 19.32px;">Genuine confidence is earned and it is earned through successful experience.</span><br />
<span style="line-height: 19.32px;"><br /></span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0JS6I5isaRF12pgNuO701oZ81QIWoOejn7NXYTdOwMPvIXFGmkBWm8Q8Y_5t23PzE3aVCyaxUl1vRzGKddR05e5upXx3HrDmivksL7wKjU0FFtOt6CT70876Vzzv02N5otJH8rCT8RCs/s1600/armstrong.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0JS6I5isaRF12pgNuO701oZ81QIWoOejn7NXYTdOwMPvIXFGmkBWm8Q8Y_5t23PzE3aVCyaxUl1vRzGKddR05e5upXx3HrDmivksL7wKjU0FFtOt6CT70876Vzzv02N5otJH8rCT8RCs/s400/armstrong.jpg" width="295" /></a></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;"><br /></span></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">Every trade offers a lesson.</span></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">Every win offers a lesson.</span></div>
<div style="text-align: center;">
<span style="line-height: 19.32px;">Every loss offers a lesson.</span></div>
<br />Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com3tag:blogger.com,1999:blog-6580734748097907542.post-1666231152208480972016-02-15T07:26:00.000-08:002016-04-19T07:20:46.651-07:00Keeping a Trade Journal is Hard, But it's Worth itEver since I started trading, I've been keeping track of my trades.<br />
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Although I have no idea what I'm doing, I have a list of what stocks I bought and sold.</div>
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<div>
I remember that my first trade was BDO simply because that's where I deposited the money for opening my COL account and because Henry Sy owns it and there are a lot of BDO branches.</div>
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<br /></div>
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I think I bought it at 88.00 and then sold it after only a day at 87.00. </div>
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I didn't like it.</div>
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And on my first trade, I already knew that these blue chips suck.</div>
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Seriously.</div>
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<br /></div>
<div>
My first basura trade was MARC on April 25, 2014 (just about a week after opening my account). News came out that it was suspended.</div>
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Bought it at 3.77, sold it at 3.90.</div>
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I was clueless.</div>
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Just looking at the bid/ask and waiting for comments on a thread.</div>
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My first profit in the stock market was based on pure damn luck.</div>
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<br /></div>
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And so I went on like that.</div>
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Just recording the ticker symbol, what price I bought when, and what price I sold when.</div>
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<br /></div>
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Then I realized that I need more than buy and sell prices.</div>
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So I added new columns like what indicator I used, what set-up it was, and others.</div>
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I tried to fill every cell for every trade every day.</div>
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It was tiring.</div>
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And over time, you'd certainly lose interest doing it especially if you are smacked with losing streaks.</div>
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"Does this really matter? This doesn't change anything. Just writing prices, dates, indicators. I'm still losing. I might as well stop this. I'm wasting my time."</div>
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But I kept going.</div>
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I had a firm belief that someday, doing this would pay off.</div>
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I kept going.</div>
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As I did, the things I recorded changed as I went on.</div>
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Some columns were deemed useless and got deleted.</div>
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While some were given more attention.</div>
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It took more than a year before the things I wrote started to make sense.</div>
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I caught a glimpse of a bigger picture.<br />
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I thought I was writing about stocks.</div>
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I was wrong.</div>
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I was writing about myself.</div>
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The image above is what my trading journal looked like on the last quarter of 2015.</div>
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This is my performance for the last 97 trades I did in 2015:</div>
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Turned out, for the second half (almost) of 2015, the chances of breaking even on my trades is higher than winning them, while losing 55% of the time. Aside from that, I am only able to follow 1 out of 3 trading plans that I formulate.</div>
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<br /></div>
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The question is, WHY?</div>
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<br /></div>
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I'd get to that later. For now, here's what my current trading journal looks like:</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgh4ArDGLLm0aR58Gc90XHcr9o4blD7NdxciByt9tTqR_zTAAolyaIDniHYJunV0kMiYhA7WbHoVhNzr1O7wyrTBX3HKTrUBx-WVKNIvA0eAOAWQQdScC5SlmdJBxWlYBQI79zz4bxNv84/s1600/journal3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgh4ArDGLLm0aR58Gc90XHcr9o4blD7NdxciByt9tTqR_zTAAolyaIDniHYJunV0kMiYhA7WbHoVhNzr1O7wyrTBX3HKTrUBx-WVKNIvA0eAOAWQQdScC5SlmdJBxWlYBQI79zz4bxNv84/s640/journal3.png" width="640" /></a></div>
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And here's my performance, so far:</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2VUGpS_mvcVgCFV8ymFWetfbRFTMEtXVb0PCMWZqVaes44dnRFDOnYxWp4grZPjzNSSRTALi4FbvAp-vpoL-0ReO8sv_cSxMo4PJ5KOfibFhTvNNTmPdQtCiK_PUp6KO5QyS5BIL7DHA/s1600/journal4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2VUGpS_mvcVgCFV8ymFWetfbRFTMEtXVb0PCMWZqVaes44dnRFDOnYxWp4grZPjzNSSRTALi4FbvAp-vpoL-0ReO8sv_cSxMo4PJ5KOfibFhTvNNTmPdQtCiK_PUp6KO5QyS5BIL7DHA/s1600/journal4.png" /></a></div>
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Out of 39 trades, my win rate almost doubled and I barely breakeven although my fail rate increased by 5%. I have followed the plan 60% of the time which is twice as successful since last year.</div>
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The next post is the best part of keeping a trading journal.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl2uV3iafprWMVicu2JpuywR1MddHGL-s5GJRmXGz_eIaLBXrJlg3WPh9c3pE6AVwzHu7wy9L_mV6WA1NFoNOkaq1vK2Oirieb4GHT_8QetG7oYH1_30hv_Vh0yzntt96Op4JNThKJm58/s1600/journal5.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl2uV3iafprWMVicu2JpuywR1MddHGL-s5GJRmXGz_eIaLBXrJlg3WPh9c3pE6AVwzHu7wy9L_mV6WA1NFoNOkaq1vK2Oirieb4GHT_8QetG7oYH1_30hv_Vh0yzntt96Op4JNThKJm58/s640/journal5.jpg" width="640" /></a></div>
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"Self-discovery"</div>
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Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com1tag:blogger.com,1999:blog-6580734748097907542.post-72902553750997337872016-02-07T09:55:00.000-08:002016-02-07T09:55:53.244-08:002.50%<div class="separator" style="clear: both; text-align: left;">
I saw that the Gentlemen Bastards is offering a mentorship program.</div>
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It's free and it won't be like the Zeefreaks batches where there is a subastahan. </div>
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I think there will be no monetary exchange and anyone can apply.</div>
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But only a select few will be chosen.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP57ng6rWRCAVhI-AY8xz1dR3WFVEpPqZW_jAjQkfM6yOTafJelm_IGyzSHWPcmpUDiI0Wz8WZcrXKwMhxj8DNCzvxconcZiFJUn1msKEjGYNG8ZwlCuTab4b0TVYgRUOdAJYBDM4sUrk/s1600/12644962_937159766378282_4443906686197378389_n.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP57ng6rWRCAVhI-AY8xz1dR3WFVEpPqZW_jAjQkfM6yOTafJelm_IGyzSHWPcmpUDiI0Wz8WZcrXKwMhxj8DNCzvxconcZiFJUn1msKEjGYNG8ZwlCuTab4b0TVYgRUOdAJYBDM4sUrk/s400/12644962_937159766378282_4443906686197378389_n.png" width="400" /></a></div>
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I saw their posts and I was ecstatic.</div>
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Every single cell of the trader in me was pumped with adrenaline.</div>
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Because I am a big fan of the ZeeFreaks tribe. I've read the blog inside out.</div>
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I've been reading the blog since November 2014 and I've incorporated the Zeus Strike and Alignment of the Stars into my system. Aside from that, I have read the blogs of all the tribe members that I know of and follow every single one of them. I study how and why they get into certain trades.</div>
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I have to join the program.</div>
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This may just be a once in a lifetime chance.</div>
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I need to get in.</div>
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So I sent them a message.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_lTqiRV5akYi5pSiEWHba5YgoWDRwa2qL78vgY5IQO0nW1VkVFeEsz4YewgnqqN56iMQpO-1dcrvKilqExe9KrKLOLdkKDBw_eTpPy35MdcAS8eC_pHA_H3FD7yzYO57oY7AEip3aKM/s1600/Untitled2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="284" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_lTqiRV5akYi5pSiEWHba5YgoWDRwa2qL78vgY5IQO0nW1VkVFeEsz4YewgnqqN56iMQpO-1dcrvKilqExe9KrKLOLdkKDBw_eTpPy35MdcAS8eC_pHA_H3FD7yzYO57oY7AEip3aKM/s320/Untitled2.png" width="320" /></a></div>
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Talk about intro.</div>
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After a while, they replied and said that they'll let me know once they have decided on the screening.</div>
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I waited..</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikCVq7omF6G76Zqo518hhrdGi52EdjQq4cUflMeoWv1hom2WxUyneREm9LSDusK6h6DhiOn4ckmJtpzaTRCB-og2A-0lQcJj7zkxdqPcvMcdxP7jZM6_KvtFpb3RDw3krblRCElB5BaqU/s1600/Untitled3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikCVq7omF6G76Zqo518hhrdGi52EdjQq4cUflMeoWv1hom2WxUyneREm9LSDusK6h6DhiOn4ckmJtpzaTRCB-og2A-0lQcJj7zkxdqPcvMcdxP7jZM6_KvtFpb3RDw3krblRCElB5BaqU/s320/Untitled3.png" width="320" /></a></div>
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Then there was a registration form.</div>
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At first I was so excited that I filled up the form immediately but when I got to the part where you were asked to share your stock market story, I stopped and told myself that filling up this part needs more time. The next question was where I have to sell myself. So I closed the form and decided I'll just fill it up by the weekend so I can think of better answers. That's just the kind of person I am. I like to take things smoothly, think about it, and plan when I can.</div>
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Before I went to sleep that night, I was thinking of my answers. I was thinking while taking a bath. I was thinking about it on my commute to work. Heck, I was thinking about it while working. I even made a Word document of my answers so I can revise it whenever a better idea comes to mind. Imagine how eager I was.</div>
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When I finished the document and was ready to paste it to the original form provided by the bastards:</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiK7TmSaotaAvhnrdRYR_B0h_2v5ucAvty6LOQjAPPQ5A1snZ9FKSn8zJWzXx3I4AzprmXpXqBp9cWKOJ3NMgfC1lV-bbj1dyoVJ4-1Gqaqv0j5Fjw1aIPNyvuoGR9GEqK6kqIAUq8VRQ/s1600/Untitled.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiK7TmSaotaAvhnrdRYR_B0h_2v5ucAvty6LOQjAPPQ5A1snZ9FKSn8zJWzXx3I4AzprmXpXqBp9cWKOJ3NMgfC1lV-bbj1dyoVJ4-1Gqaqv0j5Fjw1aIPNyvuoGR9GEqK6kqIAUq8VRQ/s640/Untitled.png" width="640" /></a></div>
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HOLY F*CKING SH*T !!!</div>
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They said that the form automatically closes at midnight of February 7, why is it closed?</div>
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Midnight of February 7 is the next minute after 11:59PM of February 7, right?</div>
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Then I realized.. when 12:00AM strikes, that's February 8..</div>
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I messed up.</div>
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I was so frustrated with myself.</div>
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But this isn't assuming that if I was able to submit the form, I would've been chosen.</div>
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Only 10 people were selected out of 400.</div>
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That's a 2.50% chance.</div>
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And 2.50% is not zero.</div>
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I feel so depressed and heavyhearted even until now..</div>
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Reality broke me into pieces.</div>
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I just missed something that might change my life.</div>
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Something that may be the only thing missing.</div>
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It's like losing something yet you don't understand..</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5kHb696kbivzbwerYSoC3jGnIthX9xOtAUGGdFuYwoSszWza9JH3pXVPBCTvOeBoOE2QC5Ny-3RdSPk3p16E54DPJxuDhM8UFOOrx2h-HLZZEomBViqzXsdysYIrCV-ey2HpqRkS0NaY/s1600/hughes.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5kHb696kbivzbwerYSoC3jGnIthX9xOtAUGGdFuYwoSszWza9JH3pXVPBCTvOeBoOE2QC5Ny-3RdSPk3p16E54DPJxuDhM8UFOOrx2h-HLZZEomBViqzXsdysYIrCV-ey2HpqRkS0NaY/s400/hughes.gif" width="400" /></a></div>
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But once you've withstood the pain and overcome it, you will gain a heart that is stronger than everything else. Yes. A Fullmetal heart.</div>
Fullmetal Chartisthttp://www.blogger.com/profile/09358193751293652160noreply@blogger.com2