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. 

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.

TROPHY TRADE: PXP

Been getting a lot of PMs on how I spotted or traded this stock. 

Here are my answers in a condensed form. 

1. How do I you screen stocks? 

I answered this during the class with the Eternus batch. I usually group stocks into certain categories. Then I'll select the best ones.

This is my selection process: 

With that out of the way, I'll place that stock on my watchlist. Then I will stalk it until it shows me an optimal buy area. Usually on breakouts. 

2. Where did you buy?

This is the simplest explanation I can give without revealing the tribe's secrets. 

First buy was on the breakout here:

Second buy was somewhere here: 

3. Why did you hold?

My trade objective for this was to trend follow. So I just kept moving my stops up. 

My stop could either be the ff: 

- previous resistance that was broken

- breakdown of a box

- a set price

4. All in?

Yes. This is my trader profile and I know and accept all of the risks that could happen. If you can't take it then please DO NOT go all in. 

Lastly, the obligatory port snaps. This is the reason why this is a trophy trade for me. The gain that I got for this trade has been the biggest ever in monetary value in my whole trading career. 

As boss zee said, it might be time to level up. 

Wasn't able to take a snap of my other port. But all three of my ports had PXP. The last port reached only about 80+% up at the highest. 

Take note though, this port snapshot was taken at the end of 09/25. I was not able to sell at the highs. But that is alright with me. It is the risk I am willing to take since I am doing trend following. 

It's all about setting expectations. And with that I always remember this quote: 

"As long as you accept the fact that you will never be able to sell at the highs, you will be fine."

Again my eternal gratitude to my mentors, Zee and Kap. Along with all the other mentors who push me to be the best trader I can be.