The New Meta

The very first trading RX Forum was held today in UP College of Engineering theatre.  It was themed like the TED Talk series where speakers get to share topics related to stock trading and trading psychology.  I needed to get back on the drawing board and re-evaluate my vision of the future.  The immediate goal this year is to be able to find my trading niche doing paper trades.  I’ve been building on intangibles for the past weeks and months.  I need to take that step into learning the technical and I’d be patient and be able to trust the process.  I need to get on that execute phase somehow.  I need to eliminate my excuses and start doing the actual work. 

While going home, my friend and I met a full time Forex trader who shared his ideas on how to perform trades.  I learned some differences between the forex and the PSE.  He stressed on following rules for trading and finding a system that fits your lifestyle and fits your profile.  It’s interesting to know that even though he is a Forex trader, he was still interested in learning other trading styles from other trading groups.  On our way home, we also met a housewife who is doing full time trading.  Given my novice experience, I can sense that she already has a lot of experience in trading.  Swing trading means holding a stock for a period of days or weeks.  It is different from Trend following which sets target price on trail stops. 

I bought a shirt for a cause and it looks cool.  Simple and clear

I started opening up my own stock trading blog to fortify the habit of journaling as I start to embark on this quest of finding my niche in the trading world.  I started off by pre-reading blogs of Zeefreaks, Sirius Lee and Imbang Klase.  I wanted to get a feel of what the content of a trading blog should be.  Zeefreaks has a witty and mysterious style of posting trade ideas.  It’s fun to read and mind boggling at the same time.  I plan to back read and reflect on all his previous posts to acquire some learning on how to plan and execute my trades.  I was also browsing through Sirius Lee’s to check how he started and it’s funny how it progressed from a Tagalog-themed blog which eventually turned into an English-themed blog.  I think he has good content and I might consider back reading his posts as well.  I also checked how Imbang Klase did his blog by reading one entry.  It was about how to manage a 1M loss.  His style of writing is also good for newbies like me.  It is easy to understand and has on-point details.