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The Whipsaw Song - Ed Seykota (Trading rules embedded into a song)

Thursday, November 20, 2008

Heart pain pain

Finally, turn on my charting software 2 days ago after a hectic week in Taipei and oh gosh... I have missed close to 25 strong signal from my setup to short last week!!! And i guess most of you who trade would know i have missed out on what could have been a great run :(

Notable includes Straits Asia, Noble, Olam, ST Eng and more and more... These are 20% move.. What a painful lesson this is, i promise i will scan every trading days from now on especially when i am not in the mood which is usually when i missed out on great trade (murphy's law??)

Anyway, i have decided not to look at the past with sorrow and look forward positively. Enter 2 short positions today which retrospectively is kindof forcing the issue as they are already in the downswing when i pull the trigger and the risk reward ratio is kindof low. So let's see how it turns out...

1) YZJ
2) Wingtai

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