Something random

Just did something a bit unprompted for. Got around the usual routine of hanging out the places I go to, like Dhoby Ghuat and Bugis. Then at NLB, I saw the Esplanade.

Just did something unprompted for and just walked from NLB to Esplanade. Then went to Fullerton Hotel. Played with the fishes there. Quite fun.

Unsettled

Feeling extremely unsettled at the moment. No clear idea why. Can’t concentrate on the book on psychology dynamics of trading.

Typing it out to make it better.

Terrible market

Today was a terrible market. Just got one trade in. Why is it that the US president announces something yesterday and it just fell by over 10 to 15 points?

Terrible.

Was in the hour prior the announcement and I just stood by and watched the market go down all the way. Lol….. there wasn’t even any way by which I could enter that.

And now the market is seriously confused and I can’t even stand to watch it for more than 20 minutes after the first trade I did in the first ten minutes.

No direction, no trend, no nothing. Watch TV loh!

LOL!

Sorry

Sorry. A word used for the intent of apologizing.

That you have done something wrongly that violates a code of conduct.

That you have done something wrong.

A word that you say to someone, because you cherish that person.

Of all the people I have said sorry to, I have never said sorry to myself.

Sorry for always forcing against the tide.

Sorry for hiding away from yourself.

Sorry for always forcing perfection.

Sorry for ignoring yourself and your needs.

Sorry for the pain that has been caused because of the wrong subconscious decisions that were made.

Sorry for forcing myself into the wrong environments.

Sorry for hiding your strengths.

Sorry for doubting yourself.

Sorry for being inflexible at times.

Sorry for not allowing yourself to be happy.

Decisions

I remember there was a time during my army which I had to make decisions for myself. It was a very very difficult time for me because those decisions were only known by me, heard by me and nobody else.

That was because of my role then in army as a storeman and even though I had to go against my boss at times, I still made the firm decision to stick by what it is that I am supposed to do. Moreover, I was the only person fully accountable for whatever happens then and nobody else really understood me.

As a result, at times, I had to go against a group of about 10 to 12 other people who were supposedly in another department in army but in the same area as me.

As a result, it became very, if not, quite tiring for me. It’s like always swimming against the current.

I didn’t have any solution then, until the environment changed for me. If I had the wisdom and knowledge as I had now, I would open up very much. But how? And to whom? It is difficult. For me, the group of other storemen that I hang around me became my support and continued on my reality, though painful at times and against the tide.

Right now, at least I can say that my job plus the other group of traders are for me my support (and I am trading within the same framework of thinking as them) and these groups of people are heading towards the goal of money specifically for the traders, and I am still finding out my goal for my job, (however, it seems like having no goal seems to be the norm, and everyone takes a round robin chance to go overseas).

I just feel that it is difficult at times to make decisions, especially if there isn’t any support or groups of other people in the same thinking.

Huummm…

A good night on trade. Didn’t equalize or trade too much this time round.

Hummm…. just went out to swensens. Actually found it quite nice. But might have ended up looking too much though I did want to hear more about her. She seemed too tired and got better later on near the end.

Maybe a bad day since it’s still a working day and especially tense since she is used to going for presentations, meeting clients and stuff like that.

Especially more so if you are meeting requirements of users. Can be quite tiresome.

Round up on trading

Another round up on trading related stuffs.

The book is very useful, especially more so since trading itself is probabilistic and not deterministic. There is a huge difference between deterministic thinking and probabilistic thinking.

In deterministic thinking, I would be definitely sure that my actions would lead to a certain result. Whereas in probabilistic thinking, I can only be sure that if I put in 100% of effort, I can get only a certain percentage of return.

This makes it seriously dependent to be very clear about what it is that you are trading.

Been sealing up a lot of loopholes in my trading and also my thinking according to principles within the book. I did notice that for trading, when I traded, I had a similar pattern over and over again. So instead of trading two strategies, I’m reducing even further to just one strategy.

And my trades will be more in trend instead of against the trend as I previously did with the other strategy. Counter trend trades are more exciting in that you predict when the market will turn, from a constant down to an up.

But, it just isn’t for a beginner. The number of parameters for checking and taking a trade increases for going against trend and it is highly dependent on the other factors such as intermediate changes in lower volumes.

I got to spare my own heart from the counter trend trades. In trend trades are easier to protect against should they go wrong and their chances of success is much much higher since the large trend in going in the same direction as where you are trading to.

The number of trades I can do lowers significantly but it isn’t a numbers game. I found that I can do many many trades and yet end up losing a lot. Whereas it is also possible that I can just make just 4 or 5 trades and make good for the day.

And yeah, tomorrow is Martin Luther King’s birthday. So, no trading for tomorrow as USA markets are closed.

Monday is expected to have great falls in the SGX market. That is because the tail end of the uptrend has really been reached. And I guess that even IP has appeared on the much much higher trend charts.

Doubt my friend is going to be really happy… since he was trying to trade against trend and trying to catch the final tail bursts in the SGX market.

Oh wells….. check with him again on Monday. If he is still alive.

Can’t believe that…

Can’t believe that I got nothing pretty much nothing to do.

Is that supposed to be good or bad? Man. Oh well. Nothing to do pretty much is nothing to do.

Why is it that an NLB book that you have clearly checked to be “Not on loan” before going out turns into “On loan” when you reach the library?

Hummm…. need more money.

Can’t solve it

Til today, I can’t solve the problem.

Can’t help to solve it.

Reading and Metatrader

Went out briefly to look at the book on automated trading. Didn’t really cover a lot of things except for re-designing a platform from scratch.

Lol… I searched around on google and found metatrader… now I can incorporate the work I did during fyp onto it. Especially useful when you can find qutie a lot of resources of ppl using SVM on metatrader.

And their demo account has data feed and everything available. Can test it during periods of time and see whether it profits or not before even using money. lol.

This is gonna be a nice separate project from the main trading that I am doing with my mentors.