4.01.2017

The only thing constant is change

So, after 2 weeks away from the market. It's time to go back to the charts. The first quarter of 2017 was extra special. I wonder what the rest of the year will bring. If it's even half as good of the first quarter then 2017 should be a banner year. Good thing that this time the market has my full attention. 

Just finished setting up Amibroker and I must say it's pretty awesome. Kinda late to the party since majority of traders in the tribe already use Ami. It was just that old reliable COL JAVA was working for me so didn't feel the need to switch. But since everybody knows that JAVA is being retired in all web browsers, change was inevitable.


Ami having shortcut keys and automatically saving my robotic drawings is a new thing for me. Makes me wonder why I didn't make the switch earlier. This should be fun.

What's not fun is $CHP. Reminds me of the slow death of $SSI in the last half of 2016. 

 $SSI circa 2016
$CHP, how low can you go? As of right now, nobody knows.

This is a sad reminder why I absolutely hate downtrending stocks. Still not sure why a lot of newbie traders our there in the Philippine market are so engrossed with looking for 52wk lows or all time lows thinking of it as a sale. Maybe there is a reason why it's trading that low? Whatever it is, I wouldn't want to touch them until the selling pressure has abated. 

Anyway, here's a video of one of my favorite books, Who moved my cheese? by Spencer Johnson. It simply states that in life we will encounter change in all shapes and forms. How we react to that change will determine our success. Enjoy!