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It ain’t called catching, its called fishing


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Updated October 26th 2016 by suko
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It ainít called catching, its called fishing

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  #111 (permalink)
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suko View Post
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.

Why?

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  #112 (permalink)
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Why do they do that -- or why do we translators despise it?

My theory as to why they do it is that character based languages like Japanese and Chinese involve are organized by putting the characters each in the center of their boxes, instead of lining them up along a single base line as with Western type. So, there is at tendency to think in boxes and to organize blocks of text in tables.

And if you like tables, then Excel is a heck of a lot more powerful than Word.

Now the real question is why use Excel in place of Powerpoint. I still lack the insight into that one. Maybe it's like the people who somehow use Illustrator in place of Photoshop. I don't understand that either.


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  #113 (permalink)
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SMCJB View Post
Do you still have your USLV position?


suko View Post
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.

If your saying this whole journal is "Tongue in Cheek" that would make a lot of sense.

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  #114 (permalink)
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SMCJB View Post
If your saying this whole journal is "Tongue in Cheek" that would make a lot of sense.

USLV has been a very good failure for me.

It has forced me to stop trading and go back and start over and get honest with myself.

I am not ready to trade yet.

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  #115 (permalink)
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SMCJB View Post
If your saying this whole journal is "Tongue in Cheek" that would make a lot of sense.

If you asked me, "What did you learn between capitulating on your APPL trade in 2003 and the moment you took that USLV trade in 2013?"

I would have to answer "Absolutely nothing."

Painful admission.

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  #116 (permalink)
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So assuming this is a serious conversation, I would ask again; do you still have the USLV position?

If yes, it's clear that you still have not learnt anything.

If no, this journal is incomplete without an explanation of your capitulation.

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  #117 (permalink)
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Yes, I still have it and it's eating at me.

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  #118 (permalink)
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I have been asking myself lately if I learned absolutely nothing during the 10 years from 2003 when I capitulated on AAPL and my 2013 USLV trade.

And if not, why not?

During that 10 years I certainly spent a lot of time reading and studying, all this market-related infotainment we are exposed to on a daily basis. But did I learn anything of value about trading? Nope.

In 2003, I thought I had learned lessons like "do not trade" or "I am an idiot."

But looking back on it, I wasted that opportunity in 2003, which was truly a "teachable moment." If I had taken the opportunity that presented itself for some very serious introspection and focus, like I have been doing in this journal, then I might have learned something.

But instead I took the easy way out with an intellectually lazy-ass conclusion like "do not trade" or "I am an idiot." WTF, that's just a sort of reductio ad absurdum. The message is not "do not trade" it's "learn to trade, dammit."

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  #119 (permalink)
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Hi Suko, I don't think you should underestimate your ability to forget what you learn. 10 years is a long time and if you're not doing it all the time, then your mind will offload the information. It's not like riding a bicycle - or at least not for me.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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suko View Post
I have been asking myself lately if I learned absolutely nothing during the 10 years from 2003 when I capitulated on AAPL and my 2013 USLV trade.

And if not, why not?

During that 10 years I certainly spent a lot of time reading and studying, all this market-related infotainment we are exposed to on a daily basis. But did I learn anything of value about trading? Nope.

Learning to trade (entries, exits, etc) is only one part of being a successful trader. You also need to learn discipline and have the right psychological make up. I think as many people fail at trading because of the latter as the former.

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