Trading Sep 24

Sep 30

• I am broke!
• I found that the risk management is so much important, even how clever you are they are always a failed trade. There is no method that can be able to make profit from trade faster. Only just proper risk management that can help you.
  • always trade with the proper risk that make you still able to read book
• I think I will quit trading and return to do my job or anything that make money and real benefit to people.
  • trading has less profit and waste too much energy, if I use my precious talented brain for doing real things for this world esp. any difficult or complex work, there will be a lot of innovation created instead of just producing Carbondioxide waste day after day. 
  • If trading can make my wealth growth exponontially it will be more attractive; however, if it is just growth linearly with little upward slope or even downward slope, it is such a waste of time and oxygen to stay alive.

Sep 29

• Today, I just overrisk(30x) and I loss so much but afraid to cut the large position because I think it is in the strong trend?
  • How I can manage the accident that will come in the future?
  • What wrong with me is that I trade with unproper plans, especially in the holiday which is no volume and less liquidity.
• one of the cause of my problem is that I feel like I should have position all the time, if not, I will miss my opportunity
  • it causes me to enter a trade in wrong time, especially with large position size(over risk) which cause me too much fear to cut loss
• In the up trend
  • Buying criterias are
    • buy when the price is cheap(buy at oversold)
    • buy when price will be more expensive soon(buy at breakout)
  • Don't buy while
    • price is not much cheap
    • price is not more expensive soon(still not breakout)
• Staring at the charts all day don't pay you anything but energy loss
  • The win or loss has already been determined in your position strategy.(Technical, Fundamental, risk management)
  • Analyzing it some times in a day is enough.

Sep 25

• Be deligent on searching for opportunities such as reading to gain knowledge, reading news, skimming and looking for interesting market actions on charts
  • but should not be deligent on trading 

Sep 17

• Shouldn't be deligent in trade, but be deligent in practice.

Sep 16

• No need to be hurry to make a profit
  • the more I read the more I gain the knowledge the more opportunities I can see, there is no need to be hurry to make profit
    • just do it as the risk allow, don't over risk. Love every fragment of money Sep have, love to avoid loss of money, love to avoid risk.
• The first step to be successful in trading and investing is that you must love your money, love every bit of the money, even a little fragmentation, love it as if your money is a part of your body which you don't want it to be at risk or lose any little of it. If you don't love your money you will tend to not avoid risk and over risk.
  • then loving your money will make you spent it carefully and want to know how to make your beloved money growth more, you will study anything possible about trade and investment, then do it with well risk management(because you don't want to lose your beloved money) and you will be happy to see it consistently growth little by little(not a huge going up and huge going down in such a day)
• I think studying technical doesn't fullfill my life as studying fundamental. It is just like using MacBook didn't fulfill my life as using Linux. What I do want is knowledge that will make my mind more wise and wider my thought, not just technical to stare at the chart all day in an entire of my life.
  • I will increase more time to study fundamentals of economy at this point of time(instead of all day technical).
  • Warren buffet read 500 pages a day. Someone may be able to retire early from technical knowledge, but for me I will do it mainly with fundamental and also extend ideas further with this knowledge.  

Sep 13

• maybe, technical analysis is useful but I have less experiences in it, if I gain more experiences and knowledge, I may be able to make money from it. 

Sep 9

• Trading should be simple(easy to repeat, and effective not much indicator just simple trendline or simple breakout) but Fundamentals should be complex. Conversely, trading shouldn't be complex(shouldn't have too many unnecessary indicators), and fundamentals shouldn't be simple.

Sep 4th

• Fundamental is the best, technical is used for aiming in entering of position. 
  • Fundamental without technical is like just shooting an arrow in the correct direction without aiming.
  • Technical without fundamentals is like shooting a cheap arrow to the most possible target with radar but without knowing 

Sep 3rd

• The best trading strategy should be simple, effective, and repeatable
  • it is nothing but only developing skills and knowledge
• Focus on skills because skills will endlessly make money(more and more), don't focus on money.
  • keep reading, and trading with the smallest risk.
• Over-risking is the least effective in money usage
  • the most effective is using little risk to gain little more money.
  • Trading is a business that makes use of money as the most effective as possible; however, over-risking is not in the principle of this kind of business because of its ineffectiveness.
• Bitcoin is an indicator to trade other altcoins.
• Trade only with risk that allows you can play games together while waiting for trading opportunity

Sep 2nd

• The more knowledge you have, the less time spending on the chart.
• When analyzing the volume, only look at the peak volume, not the rest, it is not important how the rest is just the peak that is significant.