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!
For this year I've set very aggressive monthly targets as my quota. I wanted to see just how near to those targets I can get.I knew it was a challenge since the bar was set really high. Thinking of the targets reminds me of a quote I heard a long time ago. Something that has resonated with me ever since.
It's stuck with me since it meant to always, always, ALWAYS set your goals high. For even if you fail to reach your goals, the effort that it took to try and reach those goals will still bring you a long way from where you started. Going back, this year, I've set my quota to be 25% a month. With the power of compounding interest, that should bring my port to an all time high by the 3rd quarter of the year. At first, I thought it was daunting but the universe seems to be telling me otherwise. How else can I explain the fact that with just 3 winning trades, I've reached DYM status in record time.
Quality over quantity I'd like to think.
I love Excalibur
So my 2017 has been off to a roaring start. Already about a third of the way to reaching my yearend goal. Hopefully I get to catch more monster plays.