I just stayed up all night to trade.
1)trade blocks in line with volume for the time/day (ie, no big blocks after lunch on friday)
2)related to #1, don’t get hung up over commissions
3)be patient, let the trade come to you, not vice versa (ie chase the trade)
4)related to #3, don’t let your emotions rule you
5)look for the general price tides, there are only a handful per day, sometimes only one
a)try to get the macro trends, 1-5 per day
I really wish I had started this formally a long time ago. I had infact tried, but it wasn’t a good process and i continue to lose the file(s).
Now though I’m going to try to make this “journal” a regular thing.
Ok, just to bring the reader up to speed on my current situation. I’m here in new zealand, got here about 4 days ago doing a hardware mag update. Yesterday I went rock climbing with yibai, the MAG operations guy, and after my climb, getting ready to beley him, I passed out! Next thing I knew I was in an ambulance with only a partial memory, infact I though I was on the way to go climb. Once there they did a workup including and ekg (I must mention how attractive the blonde nurse was;). Everything seemed fine I suppose and I was released to Yibai’s care. He took me back to my hotel and I had dinner with Phil and his family. The whole experience was a bit scary for me mainly because I couldn’t remember certain short term events.
Today, a day later, I think I’m fine (though did get a darn cold).