1.15.2018

Lessons from a master angler

The past holiday break, I've been binge watching the show River Monsters featuring Jeremy Wade. Take a look at his greatest catches here

What caught my robot senses, aside from the monster fish, was the parallels in his approach and methods to the way trading is done.


Each episode begins the same way, he goes off to investigate reports of a monster fish in some remote area and will go and try to catch it. He then does an immense amount of research before actually going into the waters to fish. He would ask the locals of the area and try to identify what kind of fish he is actually looking for so he can determine the necessary tools and techniques he would then use to catch the fish. 

The show focuses on just how much preparation is done BEFORE he even goes into the water to fish. What a revelation!

Applying this approach to trading, before the market even opens, the trader should have already done their research and have made their trading plans. Buy and sell areas/triggers, which stocks to watch, which stocks to avoid and so on. 90% of the work should have already been done beforehand so when the market opens, all they have to do is wait and execute their plans. The traders, like the anglers, will cast multiple fishing lines and see which one moves first. 

This has made me curious and I went to go look for other similarities between fishing and trading. 



Ah, TOTGA, the one that got away. Some people will always focus on the what ifs. What if they bought Y stock at X price and then it went up. Another thing, people usually want proof of your achievements, hence the term, pics or it didn't happen ;)




I've discussed this point previously. Just like the fishes in the sea, Ms Market will never run out of plays to give us. If you missed one play, just be better prepared so you can be ready to catch the next one.


Catch and release is a practice within recreational fishing intended as a technique of conservation of the fish. In the stock market, this is intended for the conservation of the trader. It just means you have to sell the stock or your holdings for you to profit or cut your losses. Unless, you want to be an investor in a company/stock then by all means just hold on to your positions.

Lastly, one other thing I picked up from Jeremy Wade is PATIENCE. Fishing is BORING. Each episode shown could actually have been 2-4 weeks of actual fishing. There could be days where he will catch nothing but he will still persevere. Confident in the fact that his approach and process is sound and it's the fish that aren't biting. He doesn't get frazzled easily and in the end, always catches his monster.

So I end this post with a video of the master in action.


12.31.2017

2017: what a year it has been

It was year 2 of my immersion to the ZFT system. 

Overall it was a very successful year. Smashing my expectations of what could be possible. Although, maybe that early DYM was a sign of things to come. 


This December I've taken an extended break from ms market. During this time, I've focused on my intangibles. Spent precious time with family and friends. Enjoying the fruits of my labor. And remembering my whys. 

I also reviewed my trade statistics. They gave me a good picture on my profile as a trader. An average of about 7-10 trades a month. Good cutloss discipline. A tendency to hold on to winners. Remarkable improvement in bounce plays. 

Yet, there is still room for improvement. I have identified these profit leaks and will focus on making the necessary tweaks in my trading algorithms. 

This 2018, I plan to venture into the world of crypto trading as well. FOMO is real guys and girls. Just waiting for my coins verification which is taking forever. I will take part in the XXk to 1M challenge that the other members of the core are currently undertaking. It should be a very interesting endeavor. 

Thank you again 2017 for the multitude of blessings. 

Get ready 2018, here I come. 


10.26.2017

Foreign Intelligence


In this era of globalization, it's a wonder that some people would still base some of their trading decisions on which broker is buying/selling a stock. 

This is especially baffling when people would be influenced if people would buy just because a certain broker, usually a 'foreign' broker, is buying.

Is it because of some remnant of colonial mentality? Which is defined as the following: 


Are foreign brokers (if foreigners really are the ones doing the buying/selling) really superior to local brokers? 

Do they have access to some super secret formula that cannot be shared to local brokers? 

Are they really omniscient that they will not take in losses? Or make bad trading decisions? They are still people after all. 

What if I open an account in one of these foreign brokers, will my processing unit be automatically upgraded with this so-called foreign intelligence? 

The idiocy of some stock market myths astound me sometimes.