New ideas

I signed up for the Tradingology options trading course last week and has been spending my nights watching the videos… It’s great so far… exactly what I’m looking for… as in, it matches my trading style perfectly…. low risks, good odds and statistically sound…. the only complaint I have about the course is that it is too long winded…. It takes perseverence to complete some modules, especially those introductory modules that teach concepts I’m familiar with….  Nonetheless, I’m at Module 9 currently, and have already started paper trading with the concepts I learnt….  I’m pretty excited about some of the techniques I learnt in the Tradingology videos… but I’ll keep my cool and paper trade them first…. let’s see how it goes….

In addition to the videos, I’m also reading “The Options Course” by George A. Fontanills… Another long winded book, but I read fast, so that’s ok for me….

Anyway, as a by-product of the videos and books, a forex idea (exit strategy) suddenly struck me… I’ll modify my trend-following EA as soon as I finish the options course….

Exit after two consecutive lower lows (if previously in an up-trend)… To prevent giving up too much profits, after the first lower low, hedge the position. Exit the hedge position when price moves back above the first lower low…. (Update: Consider doing this at the close of the bar)

Hope that will not be too troublesome to programme….

For those who are interested in the tradingology course, you can check it out here: Tradingology Options Course….. Now, in case you’re wondering, ya, this is an affiliate link…. Contrary to some common mis-conceptions, buying through an affiliate link will not cost you more…. In fact, if you buy through this link that I’ve posted, you’ll actually get the course at $137…. instead of the usual $197… (just google “tradingology options course” to check the usual rates)… cool… a whoooppppping $60 savings….

but if you are like me, you’ll probably wonder what’s the catch… well, the catch is… you will have to pay $10 for the “30-Day Free Trial to Tradeologist Daily Market Review and Commentary”… that’s totally optional, and being an egoist as I am, I don’t believe in getting trading ‘tips’ from others… so I did not sign up…

anyway, that’s all for now…. let me end with a ‘quote’ from Tradingology… Trade with Confidence….

Another of those “I’ve not blogged for a long time” posts…

Well, I’m back again… 4 months since the previous post… Most bloggers are typical; they start a blog enthusiastically, and then eventually get tired of updating the blog… reminds me of a logarithmic graph… starts off with a steep gradient and after a while, the graph eventually “flattens out”… ok, never mind my nonsense, must be my erratic sleep cycle creating havoc… But I’m planning to revamp this blog soon…

Anyway, I’ve not bust my account nor have I withdrew from trading… quite the contrary, ever since I started selling options, I’m growing  my account at a steady, albeit, slow rate… Hit some losses last month due to the sharp reversal… so currently taking a break from real options trading… but I’m ready to get back very soon….

I’m constantly working on perfecting my trading skills… now busy with developing more EAs… have 2 in progress that’s doing pretty well…. need more testing… and then I’ll launch them on a forward test… if all goes well, I’ll probably post some indicators that I use on this blog soon… and if USD weakens a bit more, I’ll start trading forex with a real account….

ya, and if USD further weakens to my target level, I’ll sign up for this options trading course … I’m pretty addicted to the mathematical way of trading… so, trading options by the numbers is perfect for me… My philosophy is this: “If even Warren Buffett does not try to predict market direction, why should I?” Unless I can travel to the future and back, I believe the only way to trade the market is to trade only when u can be sure the odds are in your favor… I’m only interested in trading strategies where I know where my edge is… just like what I mentioned a few months back, I’ll trade like a professional gambler… and professional gamblers do not gamble… ;-p

Btw, I’ve just bought a HTC Dream, waiting for it to be delivered tomorrow… well, actually today… a few hours later… quite excited about this new gadget… fought a long mental battle before I finally bit the bullet and bought the phone… It’s not an expensive phone, but it is real fugly… I’m really worried about being stuck with an ugly phone and a two years contract… so eventually, I decided not to trade in my current phone… and spend a 100 bucks more to buy the Dream… I think all geeks would love to play with the HTC Dream… The phone seem to have an unexplanable attraction force on me (yeah, alrite, that officially makes me a geek…)… so much so that I finally bought it against all my logical sense… despite the fact that HTC magic is coming soon… despite it being an ugly phone… never mind that Android is too new and may not be stable… Or that the phone is too heavy, bulky…and totally uncooool… I JUST WANT THE PHONE….!!!! But anyway, not sure what I can do with the phone tomorrow, with my mobile broadband account not set up yet… dun wan to delve into details here… but pretty pissed off with my telcom company… what to do… just got to wait for them to get back to me…