Binoculars

Looks like the stars are aligning Stephen Strange’s assignment is somehow linked to back testing other trader’s stock trades.  I woke up at 9AM waiting for the registration form for Tinnitus Chan’s back testing course “Take a Look at my Through My Lens”.  The form was open.  I placed my credentials.  Name.  E-mail.  Phone number.  Next button.  Before the page shifted to the next one.  My entry got in but I saw that the e-mail entry was incorrect.  Darn it!  Missed opportunity?  Perhaps

I messaged Tinnitus Chan in Facebook and told him of my mistake.  He replied.  He’ll look into it after the trading day.  Whew.  Time to go to work.  I waited patiently but at the back of my mind I was worried that my slot would be forfeited.  Fortunately, I got in!

I guess this experience would also relate to trading.  I planned for this event before it happened.  I was on time executing the plan but somewhere along the way I missed a part of the execution.  I adjusted and found ways to mitigate the errors.  Then I waited patiently and trusted the process.  I won the slot.  Now, it looks like I’m going to have an indirect mentor for back testing.

Look at this cool art

21

“Even if you screw up, you get life experience” Ben was forgiven by his friend at the end of the movie and he said this wonderful line.  I think I am going to make mistakes in trading but I wish to take each step as a learning opportunity.  As I am writing this movie review, I haven’t really started trading.  I am not sure if I am just procrastinating by hiding behind this highly theoretical tasks but I want to still believe that I am sticking with the process and what I am doing right now will be a part of my success in trading.

Spread the Word

Today, I decided to make a content for financial literacy to be shared to my family and friends and hopefully to the world.  I’ve been wanting to do this and spread the awareness of financial literacy and I found the opportunity to share it first with my choir mates then to my family members.  Thanks to google slides for offering cool and simple layouts.

Dear Diary Series

Moneygrowers posted a youtube video review of the all new Invest Journal.  I saw how statistics were laid out after journals were encoded.  It showed graphs and charts of winning and losing trades.  Trading is like any other business wherein you need to account all your expenses and all your gains.  It helps you visualize if you are really profiting or not in this game.  My past trades back in 2016 were somehow journaled in google sheets.  I monitored my wins and my losses.  I came up with a P200 peso gain.  I am excited to use Investa Journal or probably Excalibur.

Look how clean that looks.  I hope to get to fill those numbers in.

Eagle Eye Perspective

I was looking at the 3rd liners today in preparation for doing my assignment as instructed yesterday.  Weeks ago I received an excel file containing the Market Capitalization list sorting the 1st liners, the 2nd liners, the 3rd liners and the 4th liners.  The goal was to verify the trend of the stock based on three basic indicators:  Moving Averages, Relative Strength Index and Price Action.  The list was quite lengthy and I thought I’d get lazy finishing this task.  I did not get lazy.  In fact, I enjoyed doing it.  The clarity of the picture and the simplicity of the charts that I made inspired me too keep searching for trends.  The indicators flashed in front of me and true enough they really are indicative of the trends. 

Knowing the trend gives you the foundation on what trend idea you need to plan and to execute.  Here are some plays that I know of that is applicable to a certain trend.

Uptrend: Trend following.
Sideways: Bounce plays.  Swing trade.
Downtrend: Bottom-picking. Bounce play.

I’m not sure if I got them all correctly but I am sure about Trend following.  Bottom line is that I was able to appreciate the value of knowing the trend before planning and executing trades

I never imagined myself looking at stocks one by one until I started to commit learning how to trade.  Now, I am doing it and actually dedicating time for it on a daily basis.

Look at those beautiful indicators

Wall Street

“Every battle is won or lost before it's ever fought”.  After a few live trades from early 2016, it got me thinking that trading is not as easy as it looks.  You don’t just buy at support and sell at resistance.  As I was reading through stock market blogs and videos on how to execute trades, all the intrinsic details on how to execute trades started to overwhelm me.  If I will purse stock trading as an investment, I need to learn how to do this and I need to learn how to plan my trades well for me to be able to maximize my profits.  I have a conservative profile and before I enter any business, I want to learn it first and see if it will fit me.  I somehow think like Gordon Gekko in a sense that as much as possible I want my trades to be a sure win.  Of course, to make that a high probability, I need to plan my trades well.  I need to be able to think about all the possible scenarios and outcome for a particular trade.  This will give me confidence before entering a trade and selling out of it alive.