Saturday, May 09, 2009

2 Stock Counters

I am down to 2 stock counters left. One I have 2 lots left, other I have 10 lots left. One has moved up, so I have sold to realize the gains. The other has started moving. The stress test seems positive, and today prices had gone even higher. Maybe next week instead of falling, market may rise more. Hence I am prepared to do a maximum of 6 more Sell orders. I have to practice PATIENCE to "Let profits run", which I think I am not adhering well to. Given that I have sold when it reaches my target, yet when I sell off, the price shot up more.

The reason, is that I am not that well-versed in Wave theory yet to start spotting trends in the cycles yet. I am not confident of reading the current trend.

FOR me, its mainly, I try to observe and buy low. Then when Sell for gains. The gains are the target prices I set. I dont know whether prices will trend up more or less that next day or the week after. That is why my selling decisions sometimes are not executed at the BEST price. I still think a bird in the pocket is worth two in the bush.

I have still much to read into this aspect. I need to read up another 2-3 books that my Dad owns to build up this aspect. The TA book touches briefly about it. My dad has been touting his understanding of the Wave Theory as the one that allowed him to make money (though for him is a secondary income) plus now his retirement income. And a few of those books are in Chinese. Reading Chinese is okay for me as I do read comics but reading financial books in Chinese, that is a challenge I am willing to take, IF it can lemme achieve the goal of earning my primary income. Will try to finish TA by this weekend. Then start on the other books next weekend.
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I am wearing another "lucky charm" now. It was bought yesterday, after the incident. I walked past a Par Sar Malam auction and they were auctioning the items. This one has a lucky looking carving on it, plus the guy introd say is good for those who buy 4D, Toto. Wear on the dominant hand to increase the luck. Okay really sounds like just the one I need. So when the initial bidding died down, every bid $2, to $10. I waited a bit, then raised my hand and bought it for $12. Then I didnt stay around for the rest of the auction. I wear it now to bring me 'luck' and also remind myself the reason I was so down.

I have not been so demotivated since ShittyBank days. This level of anger and frustration simmering is so intense, I previously focused it to achieve other stuff after my Shittybank days. Even up until now, I have not lifted the curse on ShittyBank. I was just going through the motiions today. I feel emptiness for the work I am doing now. (I just hope my negativisim is not rubbing off my friends) Think its time to move on...

True enough as my dad mentions, such opportunities in the stock market doesnt come every year so my relatively 'good' performance may not last. BUT he says that if one can read the waves well, there are boundless opportunities cos there are so many cycles, seasonal, monthly, weekly, daily. True enough. That is what I hope to achieve eventually. Maybe my income wont be as stable but I will definitely be happier, sleeping more, eating well. The only difference is that I may lose money, or the income is varying in amount and frequency, not like a fixed montly salary thing. I'll take my chances.

I am lucky my finanical commitments are low. Besides my insurance policies. Though it wont be always like this, cos I still live in parent's home, but at least that is the situation for now.
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I am going to hide in the room now cos my Dad just started the comparing a Teacher versus Lecturer difference and how Teachers have good life, good pay, easier to teach, easier life. Such a wrong stereotypical thing. I dont want to yell at him to can it, or how its all a damn bloody wrong lie. Why do Teachers leave then if everything is so good? Why do they need to be locked in with a bond? But nevermind, I am going to do more thinking about stocks.

Night. Maybe I am obssessed but hey I rather 'play' this game of stock and life as opposed to politics crap. I can be 'me' rather than a 'suck-ball' ass hole.

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