MY TAKE ON INVESTING

Like everyone else, there is only one reason why I study, analyse and participate in the financial markets - and that is to make money. But the difference with me and most other people is that I am willing to use anything (legally) possible to do it. If counting the number of cockroaches that I see everyday gives me an edge in the market, I'll do it. If it works, I'll use it; be it keeping tabs on the economy, looking at charts and indicators (technical analysis), looking at value or growth potential (fundamental analysis), profits & earnings + other related market activity (quantitive analysis), through insider activity + consumer surveys (sentiment analysis) and yes even astrology.

I've spent over five years monitoring, studying, observing and trading the financial markets. My quest was to find out what makes the financial markets move, to find something substantial, something that will provide consistent monetary gains. I don't want to just accept what other authors say/write as gospel truth, I want to know why. In 2005, I took a masters degree in finance to see if what they teach in the university adds any value towards investing success - the answer is 'not really'. Investment knowledge builds up with time - what might seem unimportant to you now may become what you need to get you to the next 'level'. Such is my experience with fundamental, quantitative, economic and sentiment analysis.

What you see in this blog represents quite a number of item(s) and technique(s) that have met - like what W.D. Gann says - my '(utmost) satisfaction' and I hope that they can be of use to the investment pilgrim who's also on a quest for understanding and success.
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Wednesday, June 22, 2005

Personal Thoughts 22 June 05

Think I've almost isolated myself from the Singapore market by now. Would love to start looking into the Australian market to see if liquidity over there is as bad as the SGX. People might say that it's because I'm not really that good - cos good people can make money in all market conditions - but I no longer force myself to fit into their perceptions. After a year of intense observation of how stocks move - being a broker has its plus points too - and trying to make sense of what the countless trading books I've read say about stock movements, I managed to identify a couple of reliable short term trading setups during this time. But as it stood, the opportunities don't come very often and it's mentally and physically tiring to sit in front of a computer screen to wait for the signals.

I've talked alot - to other people - about the trading system that I was developing on Microsoft Excel using VBA. From downloading data from the internet to taking snapshots of intraday data of every stock every 2 minutes to locate stocks that exhibited a surge in volume over the 2-minute interval (that's just how fast the professionals can snap up the available supply). The system was supposed to calculate and analyse up to 38 (expandable) different technical indicators. The data would then be 'fused' to 'size-up' the state of the market, ita various sectors as well as individual stocks.

But sadly, I only managed to finish the data downloading, processing and charting components of the system. Much of the delays were caused by me side-tracking to new trading ideas, concepts, books that came up. Reading new materials (i.e. books) seems to be the main culprit, requiring further verification of the methods and things mentioned with actual market data (historical and present). Everytime I get a new book, I just cant help wondering "could what I've been looking for be contained within these pages?" And so I just kept reading and reading and reading.

For the fun of it, maybe I'll just list down the books I've read:
0. Introduction to Technical Analysis - Martin Pring
1. Pattern, Price & Time : Using Gann Theory in Trading Systems - James Hyerczyk
2. Gann's Master Stock Market Course - WD Gann
3. Japanese Candlestick Charting Techniques - Steve Nison
4. The Master Swing Trader - Alan Farley
5. Sniper Trading - George Angell
6. How To Make Money In Stocks - William O'Neil
7. A Beginner's Guide To Short-Term Trading - Toni Turner
8. Applying Elliott Wave Theory Profitably - Stephen Poser
9. The Profit Magic of Stock Transaction Timing - JM Hurst
10. MIDAS Method of Technical Analysis - Paul Levine
11. Long Term Secrets To Short Term Trading - Larry Williams
12. The New Techincal Trader - Tushar Chande & Stanley Kroll
13. How To Identify High Profit Elliott Wave Trades In Real Time - Myles Wilson Walker
14. Fibonacci Applications And Strategies For Traders - Robert Fisher
15. The 5-Day Momentum Method - Jeff Cooper
16. Gann's Scientific Methods Unveiled Vol.1 - Patrick Mikula
17. Gann's Scientific Methods Unveiled Vol.2 - Patrick Mikula
18. Encyclopedia Of Planetary Aspects For Short Term Trading - Patrick Mikula
19. Planetary Stock Trading - Bill Meridian
20. Planetary Harmonics Of Speculative Markets - Larry Pesavento
21. Stock Market Prediction - Donald Bradley
22. The Gann Pyramid, Square Of Nine Essentials - Daniel Ferrera
23. Four-Dimensional Stock Market Structures And Cycles - Bradley Cowan
24. Gann Made Easy - William Mclaren
25. Super Timing - Myles Wilson Walker
26. Astro Cycles, The Traders Viewpoint - Larry Pesavento
27. The Geometry Of Stock Market Profits - Michael Jenkins
28. Demark On Day Trading Options - Tom DeMark
29. Trading Chaos - Bill Williams
30. The Haller Theory Of Stock Market Trends - Gilbert Haller
31. The Best Trendline Methods Of Alan Andrews - Patrick Mikula
32. Trading The Ross Hook - Joe Ross
33. Trading By The Book - Joe Ross
34. The Hedge Fund Edge - Mark Boucher
35. Methods Of A Wall Street Master - Victor Seperandeo
36. Trader Vic - Victor Seperandeo
37. How I Trade For A Living - Gary Smith
38. Profiting In Bull And Bear Markets - George Dagnino
39. 101 Option Trading Secrets - Ken Trester
40. Rocket Science For Traders - John Ehlers
41. Bollinger On Bollinger Bands - John Bollinger
42. The Street.Com - Dave Kansas
43. How I Trade Options - Jon Najarian
44. Rule The Freakin Markets - Michael Parness
45. Real Money - James Cramer
46. The Vital Few Vs The Trivial Many - George Mueza
47. Big Trends In Trading - Price Headley
48. Getting Started In Techincal Analysis - Jack Schwager
49. Market Wizards - Jack Schwager
50. All About Technical Analysis - Constance Brown

So there, about 51 books, maybe I left out 1 or 2. These books led me on a journey of how people analysed the markets to profit from it. There's alot of things that I wouldnt use though...

posted by SmokingFlax @ 9:28 AM   1 comments

1 Comments:

At 7:51 AM, Blogger SmokingFlax said...

Hi wdb,
Sorry for getting back so late. I never seem to have time to do all the things I want. But if u're reading this, yes, I have read Bradley Cowan's "4-Dimensional" works.... eye-opening. Very straight forward, easy to understand and apply. But do use it with other technical tools for time clustering. You might also want to visit other forums to find out what others are saying about it. Cheers!

 

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