tag:blogger.com,1999:blog-7458146721579713025.post8239426849915911644..comments2023-10-25T11:35:41.428-04:00Comments on Trade While Working: Setting My Objectives: Part 1. Self-AssessmentUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7458146721579713025.post-30102967984606037882007-05-09T23:00:00.000-04:002007-05-09T23:00:00.000-04:00Thanks for sharing that, Woodshedder. Very enligh...Thanks for sharing that, Woodshedder. Very enlightening.<BR/><BR/>I also find it easy to use my blog as an honest journal. That's the beauty of being anonymous- I really couldn't care less if people know I f'ed up a trade. Writing about it makes me not want to repeat the same mistakes.L.J.https://www.blogger.com/profile/16467256190821479129noreply@blogger.comtag:blogger.com,1999:blog-7458146721579713025.post-1190610108288839002007-05-08T20:18:00.000-04:002007-05-08T20:18:00.000-04:00Excellent post woodshedder. It's a big step to sor...Excellent post woodshedder. It's a big step to sort all this out, and even bigger to publicize it. Good Luck in finding your niche.<BR/><BR/>Joeydowntowntraderhttps://www.blogger.com/profile/17140040998874479581noreply@blogger.comtag:blogger.com,1999:blog-7458146721579713025.post-48375789794175593202007-05-08T06:51:00.000-04:002007-05-08T06:51:00.000-04:00For international exposure I would recommend ETF's...For international exposure I would recommend ETF's. etfconnect.com is a good source for getting information of them. Use advanced search to narrow down the focus on different parts of the market.RShttps://www.blogger.com/profile/12467401486790189267noreply@blogger.comtag:blogger.com,1999:blog-7458146721579713025.post-63708094574759611732007-05-08T00:49:00.000-04:002007-05-08T00:49:00.000-04:00The best lesson from Tharpe is not psychology, but...The best lesson from Tharpe is not psychology, but the importance of figuring out your R multiple and the expectancy of your system along with position sizing. The psychology will really be the easy part for me once I can trust my system. <BR/><BR/>As for the log, I've logged every single trade I've made over the past 2 months, with 2 exceptions, for the public to view. I use stockalicious for that. I used to use Excel. I understand exactly what you say about the quiet truth. However, stockalicious makes it easy to log, track R, and journal, so I use it. It is open to the public, but I could always make it private if necessary. The blog keeps me honest-seriously.<BR/><BR/>When you say "develop a strong fundamental base" do you mean fundamentals like revs and earning, or simply a model that fits with my psychology, personality, and goals? Truthfully I hate earnings reports, balance sheets, etc. so I do not believe I can ever trade primarily on fundamentals.<BR/><BR/>I really do not care about the stocks I trade. However, it helps to know "the story" and then combine that with technicals for some huge gains. MVIS comes to mind in that category. However, I want my system to spit out ideas that I buy/short, never doing any research on them except to make sure the system is not flawed. I want the majority of my time to be spent maintaining the system and the records.<BR/><BR/>Pontificate away- you are humble, honest, and helpful, and I appreciate your thoughts.Jeffhttps://www.blogger.com/profile/03267918585202497489noreply@blogger.comtag:blogger.com,1999:blog-7458146721579713025.post-35786649726669332652007-05-07T23:55:00.000-04:002007-05-07T23:55:00.000-04:00Tharpe is good with psych, but then so is Ghandi.....Tharpe is good with psych, but then so is Ghandi... The best lesson you will take fron Tharpe is your trading log. Keep it diligently as it will reveal much about your skills. To keep such log on the blog would be quite daring and I would caution that you may not be truthful to the blog, in other words keep a diary on the side so if you find yourself holding back in the blog you at least have the quiet truth noted elsewhere...<BR/><BR/>You make several interesting and telling observations about yourself, from which I can discern the following;<BR/><BR/>stop smoking on the qt. If you can't light up in front of your kids then you are not being true to yourself. Not to mention that the crutch is fallout from nervous unclear thoughts.<BR/><BR/>Your path is so familiar, and I would say that many who read you, fly, lindzon, etc. are all in the same boat. TA is where we all start because the data is cheap and the indicators make sense.<BR/><BR/>In the end though the "model" is where we make the money. And the "model" is whatever philosophy for approaching the markets you have the most discipline putting to work, day in and day out.<BR/><BR/>My advice, humbly, is to develop a strong fundamental base for buying/shorting stock, use the chart for confirmation only after your "model" brings you to the stock.<BR/><BR/>And most important, buy stocks not companies. In other words you nor I will ever be Warren Buffet, so when those 1,2,3 or 4 letter fuckers start to go against us don't fall prey to the "but its a good company" bs.<BR/><BR/>Not sure why I pontificate except for the fact you seem like someone truly wanting to get good at this little sport...Tutorhttps://www.blogger.com/profile/13693591343154326089noreply@blogger.com