After a very long 3-year break, I'm resuming active trading. There's not going to be a specific strategy or concrete trading plan, except that I'll aim to trade back to pivot rather than away from it. I won't be using hard stops, for reasons I will share in the days/weeks/months to come. I have a profit taking guideline, but won't set specific targets (at least not in absolute dollar amount) or work with rigid rules. I will actively avoid initiating trades during the US open (ie. 9am EST to 12pm EST).
There's really nothing much to say about the trade except that even D noticed that I was rusty. In retrospect, the PERFECT entry for this particular short would have been at the 3rd touch of the ascending channel after the appearance of a bear engulfing pattern. Ha.
It's the time of the year again, as I wait anxiously for old friends to start landing in Singapore from the first week of December on.
This is the last year I will be hosting visiting relatives and friends in this not entirely inviting 3000-sqft home (my cleaning lady's 8-year-old son once asked me why 2 adults and 4 cats need that kind of space...I'm just glad that D's mum decided to return to LA for good. Going forward, I'm sparing no effort in putting year 2011-2014 behind me. I need to do a lot more than merely move on to normalcy to make up for lost time and YOUTH!).
By this time next year, barring any unforeseen circumstances, we ought to be back at one of our cozier homes that are nearer to civilization (D and I had in the past months been bickering over which one it's going to be - with D insisting, as he always does, "the bigger, the merrier", and me bent on taking the one that is fetching a lousy rental yield), and from where I could perhaps begin to visualize and plan a more promising future.
My felines are thriving on a raw ALMOST whole-prey diet. All attempts to entice them to eat a whole chicken leg by themselves have been futile...in fact, they hate chicken, and would only eat RED meat that I painstakingly cut (when partially frozen - my lordly felines don't care for meat that are fully thawed during cutting) into long 1-cm wide strips for them - all 5000g of bloody grass fed beef and lamb and venison liver, hearts and lungs per week. For calcium, they get homemade egg-shell supplement that I laboriously grind into powder using a stone MORTAR and PESTLE. I want to be a cat.
I took a short position in CL yesterday, against the advice of the perpetually bullish D. I can't say I'm a perpetual bear, not in CL, but as I was looking at my charts, I felt it was good to sell oil. When D told me it was Election Day, I simply HAD TO sell oil.
And now I resume my trading break.
@ Soulfire: Thank you for the video clip (shown below) :-) It was the same video another one of my dear friends shared with me some time back, which I couldn't help sharing with just about anyone else who didn't hate animals in general LOL.
@ Ed: You are right, Ed, vegan diets definitely require supplements particularly B12. I have started to put butter, eggs and fish (if you are having mussels, get green-lipped mussels) back on. I grill all the salmon that my cats refuse to eat. Ha.
Yes, I've read "Think and Grow Rich", "Millionaire Next Door", "Psycho Cybernetics" and a few other titles in the past 2 months. Nassim Nicholas Taleb's "The Black Swan" remains my favorite. I LOVE a sarcastic writer :-) Re real estate - yep, I always aim to buy low and sell/rent high (if only I could do the same for trading...). Hur hur....The property market here is not too pretty right now though it doesn't look like investors are really getting the shakes..I am in the meantime taking a break from property hunting and exploring more meaningful pursuits...You trade pull-back? I can never execute one properly :-) @ MM: How are you??! Good to hear from you :-) You recommend vegan? But it gives me terrible moods and those mysterious nerve pains stop me from getting any sleep. You're not normal. LOL! I was just kidding about the bi-polar bit. It would be really awful to be both an aspie and a bi-polar!
And a song I have been irritating D with (a lovely piece in one of my favorite Chinese dialects - D hates it because it is not his mother-tongue...speaking of which, I was asked by our banker who dropped by last evening if I am a "Hongkie", after he overheard me speaking in Cantonese with D. I replied that D is the "Hongkie" and I am merely the wife. Otherwise a perfectly fine young man.):