I was stopped out on a loss today. I should probably start comparing my Win/Loss ratio by transaction type ie. long vs short. It would be a good way to demonstrate how bad I do with shorts and a way to track progress when I improve.
| Type | Sym | Date/Price In | Date/Price Out | R-Mult |
 |
VVUS | 10/17/2006@3.65 | 10/18/2006@3.69 | -0.50R |
I wanted to follow up my own post about Blog content. In it, I was commenting on Teresa‘s post about bloggers and the information (or lack of) blogs contain. I had two points:
The third point I feel I forgot and that I wanted to mention today is the benefit from the blogs that bloggers themselves get Blogging is nothing more than public journaling. The public aspect make the blog information or entertainment but the journaling aspect is a huge benefit to bloggers themselves. Knowing you will have to publish something forces you (or me anyway) to analyze and structure your information or your system and review your trades. A lot of times, it makes you look at yourself the way the blog readers do which gives you a whole new perspective.
It may sound selfish but if writing the blog is good for the writer, blogs with limited content are not likely to go away anytime soon.
A few symbols cross below my stop orders:
| Type | Sym | Date/Price In | Date/Price Out | R-Mult |
|
VECO | 10/10/2006@19.44 | 10/17/2006@18.81 | 0.75R |
 |
RTSX | 10/11/2006@30.48 | 10/17/2006@29.97 | -0.47R |
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Got out on a trade.
| Type | Sym | Date/Price In | Date/Price Out | R-Mult |
|
TZIX | 09/19/2006@14.64 | 10/16/2006@16.50 | 3.39R |
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I could not let this day go by without marking it in some way. Wallstrip.com is now live and their first show is very entertaining. I find the clip to be just the right length too, enough to have content but not so long that I start doing other things while it plays.
Very nicely done and congratulations to the whole team!
Some more stuff found browsing around:
Happy friday! Away from the market a bit and into the tools department. I have been using MindManager Pro 6 from Mindjet for about 3 weeks now and I find it has really increased my productivity.
For those of who don’t know, I am big fan of the GTD approach from David Allen and I found that using MindManager was a great way to capture brain dumps on a specific project. I was using flat files before this but MindManager makes the process a lot easier. I can now dump my ideas in a complete random fashion, as they pop into my head, and organize them in a neat map later. For example, here is a map I used to store my trading related research info (this is sample only, I may another map to actually share the research info later):
Overall, MindManager is a great way to collect and organize thoughts about a number of things. It gets two thumbs up from me.
Following Teresa‘s post on bloggers and the information blogs contain and Michelle’s reply on TraderMike.net, I decided I should make a short comment. First, I am the proud writter of the perfect example of a blog Tereasa would hate and the reader of many of them. I also think two important aspects where forgotten here.
One, the market information on the web and the blogs are not only there for seasoned traders or market professionals. John Doe at home, who is just getting interesested in the market may be out there also, looking for answers to his million questions. To him, a blog which contains nothing interesting for Teresa may contain a wealth of information.
Second, the content of blogs is sometimes personal. Books and paid services have to provide a certain level of information. Something that is polished and ready for the masses. Blogs often contain information that is more personal like the thought process facing a particular problem. If you get to “know” a blogger, you may be interested in his toughts and his reactions to one topic or another.
I agree that not that many blogs contain good technical of factual information on the market but that doesn’t mean they don’t contain a lof valuable information for many.
Another sale out of a bad pick. This one was bad from the second I picked it. I am still happy with the result of my money management rules. This is typically the type of scenario where I would lost more money in the past, holding on in the hopes that situation would turn. Now I just take the hit and move on.
| Type | Sym | Date/Price In | Date/Price Out | R-Mult |
|
ASX | 10/10/2006@4.62 | 10/11/2006@4.56 | -1.75R |
A few links I found browsing around:
A few links found around that are worth reading:
