Monthly Archives: October 2006

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Exits on 10/18/2006

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

More on why blog

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:

  • blogs are not only for seasoned pros but for noobs as well
  • content of a blog is a lot of time personal so you have to be interested in someone’s personal comments, thoughts and reflexions to be interested in their blogs.

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.

Exits on 10/17/2006

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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Exits on 10/16/2006

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

powered by performancing firefox is live!

I could not let this day go by without marking it in some way. 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:

Thought organization with MindManager Pro 6

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):

MindManager Pro 6 Screenshot
But it is not only for business or professional information. Sometimes it’s the little things nagging at me that I try to get rid of. For example, here is a map I created in 2 minutes to clear my head all the things related to my 4 year old’s birthday party:
MindManager Pro 6 Screenshot
Some of the items of the map are hyperlinks to webpages where found information or links to emails that where exchanged about the party. I now keep MindManager open about 90% of the time. Since Internet Explorer, Excel, Word and Outlook now have a MindManager toolbar, it makes exchanging information really easy. If I am browsing for cake recipes and I find one I like, I hit the MindMap button and a link is created in the current map. If I reading emails in Outlook and one comes about a specific project, I can click the MindMap button and a link to this email is created in my current map.

Overall, MindManager is a great way to collect and organize thoughts about a number of things. It gets two thumbs up from me.

Blog content

Following Teresa‘s post on bloggers and the information blogs contain and Michelle’s reply on, 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.

Yesterday’s Sale

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

Worth reading on October 11th 2006

A few links I found browsing around: