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It ain’t called catching, its called fishing


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It ainít called catching, its called fishing

  #101 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
 
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This real time performance stuff is maybe less relevant to me since I am not a day trader.

One thing I have been able to observe about myself using Lumosity is my tendency to choke or panic under pressure after errors. It's very clear. For instance, when I am doing one of the high speed matching games and I make an error, many times it can throw me into a long slump or blow the entire game score. I can't seem to get back into the groove for quite a while.

At the same time, though, having observed myself choking like this again and again, I am becoming able to get back on track and back to focus faster now, just by telling myself to "let it go" and get back to the next sprite that's coming onto the screen.

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  #102 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
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Trading: VXX, VIX, SPY
 
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The FEAR of FOREX

I watched a buddy blow up an account with Forex, and it's also something that a lot of housewives here in Japan are famous for blowing the family savings on, so I have the FEAR of it.

When I started this whole process of learning about trading a year back, I was just going to "do a little investing" -- I never had the wildest idea that I would be learning to trade Forex a year later.

But I am slowly letting go of my old ideas and becoming willing to learn from you all here at futures.io (formerly BMT). I finally got my futures.io (formerly BMT) elite membership. I see that Forex is suggested as a good starting place to learn trading in the futures.io (formerly BMT) Intro Webinar, so I am going to override my fear and just do it with a $500 account.

Actually, the catalyst of this was Forex guru Rob Booker. I am a fan of his podcast, and in the past month or so Scot Welch was on a guest talking about Forex trading via robots. I became fascinated by this concept of robots. Toyz for boyz.

Then I found a discounted signup for Rob's Trifecta2 Forex trading course. The course only costs $27, and frankly the first webinar was so good that I think I have already got my $27 out of it. WTF, it's only $27, but that's enough of a committment to get me to follow through to the end.

Today I got my sim account on FXCM. Baby steps.

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  #103 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
 
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Posts: 1,282 since Oct 2013
Thanks: 816 given, 1,318 received


I watched my first live trading webinar on the Trifecta2 course last night. Working my way through the introductory webinars for Trifecta2, going to learn to trade Forex.

In addition to the Kahneman book, for the Steve Ward trading psychology course, we are reading "The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind," which seems to be about "neuroeconomics" among other things. The brain chemistry of irrational exuberance.

Amazon.com: Customer Reviews: The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind

And also "The Attention Revolution: Unlocking the Power of the Focused Mind" which is totally what I need. Focus.

Amazon.com: The Attention Revolution: Unlocking the Power of the Focused Mind: v.ution eBook: B. Alan Wallace Ph.D., Daniel Goleman: Books

Some of the exercises in Steve's webinars remind me of Lumosity focus exercises, which I am enjoying doing every day.

Also "Mindfulness," which reminds me of zen training I did in the past.

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  #104 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
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Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
 
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Posts: 1,282 since Oct 2013
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Rant time. Yesterday I was struggling to do some simple task in Excel. I'ts pretty pathethic, and also infuriating.

Despite my fancy brand name education, I have never learned how to use Excel properly.

I need to put that on my task list, Excel skills brushup.

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  #105 (permalink)
Super Moderator
Portland, Oregon
 
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suko View Post
Rant time. Yesterday I was struggling to do some simple task in Excel. I'ts pretty pathethic, and also infuriating.

Despite my fancy brand name education, I have never learned how to use Excel properly.

I need to put that on my task list, Excel skills brushup.

I use Lynda.com and khanacademy.org to teach and train my employees. Lynda has an entire section for excel.

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  #106 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
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Trading: VXX, VIX, SPY
 
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Thanks. That Excel stuff on her site looks really good.

I need a lot of remedial training, it seems.

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  #107 (permalink)
Super Moderator
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suko View Post
Thanks. That Excel stuff on her site looks really good.

I need a lot of remedial training, it seems.

I thought I was good at excel, a few videos from her and I learned I knew nothing. but it is all there for me to learn.

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  #108 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
 
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Posts: 1,282 since Oct 2013
Thanks: 816 given, 1,318 received

I despise Excel because a large part of my life is consumed with translating internal documents for Japanese corporations that use Excel for text, not numbers. Vast amounts of text in zillions of cells.

So, they are using Excel in place of Word. And they also use it in place of Powerpoint for graphic display of text information.

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  #109 (permalink)
Legendary Market Wizard
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Do you still have your USLV position?

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  #110 (permalink)
Market Wizard
Kyoto, Japan
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
 
suko's Avatar
 
Posts: 1,282 since Oct 2013
Thanks: 816 given, 1,318 received


As for USLV, I need to work on my black humor before I answer you.

I should say that the last time I did something this stupid was AAPL in 1999, which I bought at 62 and held down to the price of 6, when I finally capitulated just before they announced the iPod.

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