Just be fking patient !

Get the cash, and when time comes. BUY !

2-3 Stocks I must dump in at opportunity.

Clean..

It's about being 'clean' cut. Just CLEAN !

KISS

Keeping it simple.

1) Trade easy patterns w/ good risk/reward ratio. Ride trends, exit quick, cut losses ASAP.
2) If a pattern confuses you, dont' bother with it. When in doubt, just exit !
3) Have a strong 'defense'.

Defense is important in absorbing risk. I've resumed my portfolio building w/ health care stocks. I have selected 2-3 big name health care stocks to build into my portfolio. They are: MRK, BMY, ABT. I might include PFE, but those 3 stocks I've mentioned will be my core nucleus for Health Care exposure.

Healthcare continues to lag the big boy sectors, but that is where undervaluation might come into play. Regardless, I think Healthcare is fundamentally a great pickup for my portfolio.

Today I bought BMY. =)

So I lied..

I don't think it's right as of now to build that portfolio. I don't mean to say I've abandoned it, rather, I will reguage my entry. I sold my health care stock and will re-evaluate my entries, sector, and allocation.

As of now, I've devoted my capital into energy stocks.

For my ROTH. I've rotated out of one tobacco company and into another. Minimum of 3 day commitment to hold.

That's all..

The 1st Step...

I'm finally on my way into building a portfolio !!

Healthcare stocks are on my radar and I will scoop some up.

Discussion...Full Circle

I was talking to my friend the other night about my dilemma. A second opinion and point of view can mean a whole lot. He was green, pure and away from the corruption and gambling this game had with it. He simply told me to invest in good companies!

I have told him how I hardly managed my ROTH IRA, but my ROTH IRA has out performed my regular account! The stress level is not there as much!

2011 is near and I want a different approach. I remember when I got into the game and how the basics of investing should start w/ a strong core (portfolio) that could weather the storm. Therefore, I will spend the next few weeks before the end of 2010 and look to buy into companies that pay dividends, have good financial standing, and most of all, good operational profit in their nature of business. I will allocate a big chunk to the big names, but also put some in growth stocks. I won't be trading as much as I'd like and did before. Part of the reason I once heard was because of 'taxes'. Just like the housing market. You try hard to sell homes, but you get taxed for all the hard work. Is it worth it, taking such a risk, only to have taxes take a chunk? The real reason though, is for me to try a different approach. I have a lifetime to get this right, hopefully I get it right.

With my other capital, I will swing and trade for profits ! Maybe I'll trade index funds instead, and change my approach. All I know is that patience is what I lacked in this game. Maybe I should study QQQQs, trade that, or SPYs.

I've spent Freshman and Sophomore years playing around. Junior level is around the corner and I hope I am able to finally grow up and mature myself !

For the Long Term, I think energy and resource companies are the place to be. Per Gekko, the biggest bubble in history have been the human beings !

Burnt

I closed out most of my positions at losses and re-entered into SU (SunCor). A big oil integrated energy company in Canada. It looks poised to be on a break out.

If it does, I will hold and walk away from trading for a while.

2011 is here and I hope to improve my risk management and risk taking.

My biggest concern is my position size. Being impatient is my biggest enemy.

Bad Trading...

Aside from the difficulty already presented to a part time trader, there is much more to bad trading, than blaming the lack of attention on my monitors due to my full time day job at the prison cell - they call it 'work' !

The past 2 weeks have eroded my hard work and cut me into negative territory. I have a hole I must amend by the end of this week. What makes amends? Trading better, and taking more lessons and patience until you nail a good habit that goes against your human emotions !

Time is definitely the most valuable commodity ever !

Bad trading is when you rush to judgment. I once read a suggestion that one should not trade the first 15-30 minutes of opening bell. NOW, I know why !

W/O stops, don't take the risk, regardless of position. Sit back and just walk away. Or just buy a few shares into your investment stock if you find the price favorable. That way, you satisfy the cravings.

Never fall in love w/ a stock ! It can kill you and make you feel even worst when you see it under perform the market.

Diversification is the most defensive strategy that works !

LONG:

BBY (Best Buy)

AUY (Yamana Gold)

MSFT (Microsoft)

No use crying in this game. A loss is a loss. What matters is a plan for the next step. What should I do? More importantly, will I do it?

Another painful lesson (somewhat) that will never stop as long as FATE feels my lessons have not situated itself as second nature in my trading.

I will plan my stops tonight and they will be HARD STOPS.

Positions..

I've learned that having a diary is very important w/ observations, thoughts, & self reflection. Friday was one of those days I regret a bit. The week was amateurish, desperate, and a violation to good trading mentality. I had put in a big position on a gap up and was up for the week. Pretty sizable but I decided to continue my hand..

As a result, the erosion took place. Why not just walk away? I should next time....

Current positions:

LONG
-MO (I love Altria, and the whole tobacco industry and its stock). The yields are amazing !
-AUY (Gold exposure via miners)
-FTO (Oil exposure)

From what I see, I ponder why gold, crude did not rise in sync w/ the broad market indexes. However, copper held its ground above everything else. But you've got to wonder what and why there is that dis correlation. Does copper really lead the way? So much things going on...

We shall see. I've heavily weighted my position in MO, and used margin to trade.

Hope my 'reading' is right..

I'm awake..

Here on a Friday morning, trading stocks. Well, mostly putting my eyes on screens, looking at things, listening to things.

Need to quit..

Need to quit..

The Markets..

It is what it is, and it seems like everyone has an approach and idea as to how they should put their money to work. Some think that they should just buy a fund, while others think dividend payments w/ growth potential should

Whatever case it may be, the market is harsh and by random events in life, it will flip anyone's life !

Happy Hour

I'm not sure why, but orchestrating the happy hour amongst co-workers was probably the best thing ever. After 2 1/2 years of working in the cubicle, I proceeded to invite my 2 Elderly Co-Workers to happy hour. I'm not sure why, but things fell in place. I could feel that they wanted it as much as I did. Why? Because we are human, because we have sentiment and feelings.

I could tell they yearned companionship and fresh blood, just like myself, and I arranged everything. At first, I was not certain as to whether or not these two veterans would give face, but I felt and found out that they valued it just as much as myself. Therefore, I tried to elevate it with fun and laughter.

We took shot after shot amongst us, and ordered snacks, and beer. The jokes assisted everything, but the vibe was just so grande!

Everything went well, aside from the night being a bit too short. I could feel the veterans being a bit reserved, but that didn't matter. The whole night was bliss, and fun!

The waitress was pretty, charming, and a pleasant eye candy. We actually used her as a joke! Anyhow, it seemed to be the best thing ever of my working career. She was quite hot, but had a diamond on her hand.

As cheesy as it sounded, I felt like a leader. I felt like happiness was in my own hands and that I created something for everyone. It just felt good, and I hope it was for them as well. I know they had fun too!

Just thought I'd share.....

But even if everything were to crater, and even if work in itself sucked, it was a great night!

Thoughts...

A lot of people don't really understand the mental pain and struggles I go through. I realize my folks and family have gone and are undergoing the same. The idea that you wish someone would understand you encompasses a belief that he or she has gone through the same; hence the understanding.

However, it just seems impossible to really seek that compassion from people. I think people are surprisingly selfish and conceited. Though, there is a borderline humanity beset amongst us. I figured it's just a realization of it. Some will show compassion and understanding because they are triggered into the thinking, while others are left on the outside.


I guess I am not the fortunate one !

Bad Day

Bad Trading Day.

I don't think it was necessarily bad discipline on my part. I must remind myself that there will always be days like these.

My mistake was again my impatience.

Feelings..

It's been the greatest thing ever ! Why move? Why eat good food? So what if you live in extravagant lofts! Does enjoying $100 per bottle wine mean anything? Does eating caviar, escargo w/ 82 laffitte mean a thing?

Not really.

It's who, not what !

And through the test of time, this is the most honest and genuine thing of all!

Time..

Time is the most precious commodity. It reveals everything about everyone and everything. In the blink of an eye, things change. The volatility in the world these days is just not possible to contain. Therefore, sometimes you just sit and watch, because you simply can't do anything.

Some times you place so much hope & feeling in someone; you only know they will disappoint you. It is entirely silly, but that's just how the brain works. Perhaps it is why we have foolish thoughts. Humans are such to repeat and make mistakes.

As of now, tears in heaven mean a lot to me...

Wow ! The gap down is just marvelous!!!

Thoughts...

Since I'm unable to short at will, I've gone into a diff't sector play for the time being..

Seeing really good buying.

Passion..

What does one have to give up in order to attain something else?
Tired though!!!

Glad the meeting is over..

I'm losing my damn mind!

I'm just losing my mind already. I am unable to focus or think!!!

Sometimes I can't focus or trade w/ the conviction like before.. Tomorrow, I will be extremely stressed.

My run w/ TIF might come to an end as it just seems to be stretched out too much and too far out. It looks to form some sort of rounding top. The potential for it to reverse and trend down is very possible. There were some big blocks selling. Pattern recognition, and broad market pressures might get to this. HOWEVER, it's still shinning very brightly amongst its own sector.

That's a concern...

Still pretty bullish if you ask me! But gekko said, take the money and run!

Just thoughts..

I don't know what it is.. I won't blame anyone..

TIF

TIF pattern whos very strong bullish patterns but I am so weary because as it gets easy, it gets tricky. The wedge is scary, and any moment it can collapse, but I will look for a sizable retracement and get into it.

LONG - OIL INDEX, COAL (ENERGY)

Just some thoughts..

It's not about the fancy equipment, the glitter, and the glamorous complexity of analysis one uses to make trades. It's still a speculation and after generations, there are some that have mastered this. There is no blue print, for if it were that easy, then there wouldn't be suckers and winners.

But there is one thing successful about those elites, and it is the fact that they have made all trades based on their own conviction.

That is all..

Goals

Get back to my limit and if I do, I am buying myself a TIF wallet.

I am in love w/ TIFFANY & CO.

I also want to build my comp, and get a new monitor.

I can't quit my job..

Trusting yourself..

A lot of people try to suggest how one should live their lives and make their decisions, but they just don't realize it's different for everyone else. Perhaps it's just hindsight..

New Strategy.

I am going to accumulate a IT position on companies I feel are beneficial to me. Maybe it's time for me to take a step back and let the market do its thing. Maybe I am worried too much for the VST/ST trades that don't matter.

Dream

Not sure what to say sometimes. The past few weeks seemed like a change in trend. It seemed like fate has dealt a different set of cards, created more paths in my journey. Although I am not sure what to make of it, it seems like it was just a dream.

The dream was vivid, nice, and just a different direction of things. It pulled some dreams together and made it into a reality. Kind of like Cinderella, for those moments it was pleasant and fun. Definitely enjoyable.

But reality strikes you and it knocks you a few times so that you stumble a few steps back. When you get back up, you revisit your dream, just for that brief moment - as you recollect and dip between the dream and reality. You visit it because the dream created sustainable hope.

Anyhow it's back to reality and everything that has transpired was just a dream.

Realizing truth, and having knowledge creates NO FEAR, even if people lie, even if the going gets tough. Knowledge is true power.

So tired, but I feel like I am being enraptured in my own pursuit and desire to achieve things..

Challenges..

The next thing in life is to take the challenge.

Trading CAT

Trading CAT has been great, but it looks like we are gonna swing real low!

Diary..

I think this might be a good area for me to jot down some ideas, and notes about trading. If I don't, then I will go berserk!

I am primarily in cash right now, but playing for the bear.

Choices..

Sometimes it's not for me to say and it's not in my position to say. I shouldn't worry too much about what others do and focus entirely on my goal. Getting side tracked at times..

Tired..

I just feel tired from the daily 9-5.. Well, more like 645-4!

Thinking about quitting... Putting in those 2-3 years and being stagnant? I think it's worth taking the risk...