Hello and welcome to my second journal. Maybe you know this situation: you meet so many people every day, but there is that one girl you saw this day and since then you cant get her out of your head. Even after years you still think to yourself "damn, what if I...". Well for me it is trading. Its over two years since I started to mess with markets and I just cant get them out of my head. No rest for the wicked. And now I want a fresh start.
Story so far:
I was playing Magic and some cards got pretty expensive. I could easily predict what card will be worth a lot and how price drops and spikes. One day I decided to sell major portion of my collection and move to "more mature form of investments". I considered myself clever, wise, strong, unbreakable, so what could possibly go wrong? What I didn't realize is fact that I was dealing with something unknown (In contrast of Magic which I knew very very well). I was fresh tadpole in a pretty big lake and I had no clue at all, not even where to start. Oh man how silly I was.
In past two years I got married, I have a 8 months old girl and I changed my job. Old job was quite stressful and my health was suffering. I am software analyst now. Its awesome and not to mention that so far I doubled my salary I also do something serious. I work in Prague, I meet people more clever then I am, wealthy people, experienced people, cultural people. It seems that trading did some good in my self-development. Reading books and learning new things, hard focusing on targets, fully dedicating for the goal. Money I earn now would easily offset all my loses, but my trading account still lives, its on about 3000 dollars.
“Although this may be a most difficult thing, if one will do it, it can be done. There is nothing that one should suppose cannot be done.”
So I am back. I never truly left, but I want to refresh my journal. I will take is slow, staying on SIM for a while. I want to change few things in my trading. I dont like to relly on indicators. I want to be able to trade in any situation. Market is going up and down up and down, if this go sideways we call it a range, if it go up or down we call it a trend, but allways its some sort of a channel. I want to base my entries and exits on that. Everything have to be customizeable to run a proper risk/reward. I also want to study context, market correlations and underlying assets. That means shares, actually I think I will buy some shares. Everything is connected :)
Damn I will probably start drawing some lines on chart, for a first time ever - and you know why? Because I tried that on other things in the world. Like president elections, as votes were counted from different towns graphs made some trends and trendlines actually worked very very well. Interesting, I finally understood what they represent. How could they NOT work? Still I want to see some immediate situation on market, I dont think I will ever let go a footprint display system.