iklan

Friday, March 26

mindfullness.. yes do it

What would happen if you could just pay attention to what the market is doing right now? You’d be totally in the present with no preconceived ideas or biases to influence you. If you did that, your trading would probably accelerate to a new level. Well, you can trade that way if you practice mindfulness.

Mindfulness first came as a form of meditation in which you simply quiet your mind and then "watch your thoughts" as they come up. When a thought pops into your mind, you simply notice that it is there and then you release it. That’s all there is to the meditation, but it can have a profound impact on your life if you do it regularly.

Mindfulness is also a state of being. Harvard psychologist, Ellen Langer, has popularized the term through two books—Mindfulness and The Power of Mindful Learning. She defines mindfulness as a state of being in which one is likely to be: 1) creating new categories,
2) welcoming new information,
3) looking at things from more than one perspective,
4) controlling the context,
5) putting the process before the outcome.

1) Creating New Categories

Mindfulness is the opposite of mindlessness. Mindlessness means living by your conditioning. It means assuming that all of your beliefs are fixed and true, so that all you can do is find evidence to support that truth. Mindfulness, in contrast, is the continual creation of new concepts and categories with no real attachment to their truth.

For example, think about your last day of trading—what was it like? You might say, "I put on some long trades and some short ones. I also closed out some trades—some at a profit and some at a loss. In between, I watched the market."

Even if I offered you money for everything you could list that you did yesterday with respect to trading—you still probably couldn’t come up with much more than what I just listed. Yet, you did so much more. You probably experienced a thousand different emotions, which you’ve forgotten. You probably read 100 or 1,000 news items. You probably talked on the phone to some people. You probably did some of the 10 tasks of trading (if you know what they are). But unless I mention those things to you, you probably wouldn’t even think of them.

Most strong opinions rest upon global categorization. The market went up yesterday. We’re in a c-wave of an ABC correction. I lost money yesterday. I followed my system yesterday. We’re in an up move in a secular bear market. I should pay attention to what is going on now in the market. All those statements are global categories that you probably use to form your opinions. But what if you formed new categories of thought about the market? Think about the market in great detail. Who are the different players? What do you think each of them is doing with respect to the market? Call people you know and notice their reactions and their perspectives. Break old thinking patterns by creating new categories and you’ll step up your trading as well.

In many ways, this aspect of mindfulness is a lot like reframing as discussed in my Peak Performance Course for Investors and Traders. It gives you a new perspective and a new attitude about trading

2) Welcoming New Information

New information is continually impinging upon all living creatures, and their ability to survive generally depends upon their openness to that information. Research has shown that people undergo temporary psychological damage if they are deprived of new information for any length of time. Young animals, if deprived on sensory input, become severely impaired later in life. You need sensory information to stimulate you.

Most people are continually exposed to new information, so the lack of it is not a problem. However, most of us tend to filter, generalize, distort, or delete most of that information. Becoming more receptive to the information that is coming in to you is a major step toward improving your performance as a trader.

3) Looking at Things from Multiple Perspectives

There are at least three general "positions" or "perspectives" from which any information can be viewed. The first perspective is the "I" position—how does this information affect me?

The second perspective, position two, is how does it affect another person directly—what is that person’s perspective? That second position might be that of the person who takes the opposite side of your trade or perhaps the person who is making the market for you. Looking at new information from that person’s perspective might be quite valuable to do.

The third perspective is that of the neutral observer who is watching all of the other participants. This is like someone out in space who can see what everyone else is doing and then view everything from a global perspective.

These three perspectives were crucial in Einstein’s thinking processes. It was part of how Einstein’s formed his great ideas about relativity. Those perspectives are also the basis for some of the most powerful change work that I know about. So try them on. Of course, there are many possible players for positions one and two. You can try on numerous possibilities and gain tremendous insights as a result of doing so. You’ll gain choice in how to respond, empathy for other people, and the ability to change your own behavior much easier.

Remember that most people have perfectly "good" reasons for behavior that you might consider to be negative. The intentions behind those behaviors are "good." If you close out a trade early, are you "nervous" or are you "cautious?" If you fail to take a trade, is it because you are "afraid" or because you haven’t totally developed and tested your plan for trading? Typically, the behaviors that you most want to change are the mirror images of the qualities you value most. Thus, if you are having trouble "pulling the trigger," you probably value a thoroughly tested plan and don’t really have one.

Thursday, March 25

apa yang dipakai orang lain... murphy

Murphy said he relies heavily on five or six "useful" technical indicators, including relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels.

"You must trade a combination of technical signals, not just one" indicator, said Murphy. He said that many times he'll set up a "good" column and a "bad" column regarding technical studies. If the "good" column has the overwhelming evidence supporting a selected trade, Murphy will enter the trade. But if the evidence supporting a trade is not strong enough, he'll bypass the trade.

Murphy correctly called the topping of the U.S. semiconductor stock index (SOX) during mid-summer (of the year this story was written). His reasoning was plain and simple: the SOX uptrend line was broken, followed by a double-top formation. "The first sign of a top is breaking of an uptrend line," he said.

On moving averages for individual stocks, Murphy likes to use the 50-, 100-, and 200-day moving averages. If the 200-day moving average on an individual stock is broken on the downside, "big trouble" is in store for that stock. Also for stock sectors, he said if a 50-day moving average breaks down, "that sector is in trouble."

Charting a stock market sector divided by the S&P 500 is a favorite method the veteran technician uses to determine if a given sector is underperforming the broad market. (Examples: SOX index divided by S&P 500 index, or NASDAQ index divided by the S&P 500 index.)

Another good technical indicator is the Moving Average Convergence Divergence (MACD), said Murphy. The MACD uses exponential moving averages, as opposed to the simple moving averages used with an oscillator. Gerald Appel is credited with developing the study.

Longer-term technical signals are more powerful than shorter-term signals, said Murphy. "Longer-term charts give you the value of perspective," he said

Wednesday, March 24

pindah balek

17 mac 2010
selamat tinggal JH sepang aku tak tahan duduk kat sana.. aku da pindah balek ke putrajaya .. walaupun aku benci tp aku suka kat sini sebab senang sikit .. internet laju kawasan ok dan lain lain prasarana cukup .. tp bila da pencen jangan duduk kat sini ..sebab nya rumah sini kurang qualiti tp kos of living kat sini mahal.. cukai pintu 5x ganda dari kl.. kalo aku cakap semuga duduk kat sini dapat ketenangan dan murah rezeki aku takut tak dapat pulak ialah macam aku doa doa kat JH tu yang aku minta tu yang tak dapat.. tak tau la apa punya karma buruk aku buat dulu.. oooo yang maha ESA please la rahmati aku..

aaah... kita balek pada topik yang paling penting ia itu stok market.. apa yang telah berlaku pada saham aku..

MBB
apa dah jd pada MBB..nampak ok .. aku hold on .. sebab aku ni bukan trader aku nak tunggu ianya sebagai pelaburan aku.. ikut sistem yang aku reka dan tested.. minta kali ni jd.. hai harap lagi.. kenape aku bukan trader aku tak mau penat duk bayar fee broker bebanyak.. tension ooo duduk kat monitor computer ni.. profit 41 sen




KNM
si malaon sial bahlul KNM aku tu aku tetap pegang.. aku tak buat cutloss maupun average down.. pi mampus la dia.. sial setan punya saham orang lain naik melantung semalam si KNM jatuh teruk ke 75 sen... loss 12 sen



overall picture
dalam kajian aku ...kajian ok .. ni bukan rasa ok.. overal saham ni nak naik selagi rm kita ni dalam menaik.. SnP oo tu us punya yooo.. aku kaji dia akan naik

Tuesday, March 2

tension dan relax

apa jadi kalo badan kita tension






kalo nak supaya kita dapat bertenaga buat ni



apa yang di pingin slalu tak dapat

dalam kehidupan dunia ni selalu nya kita tak kan dapat apa yang selalu betul kita nak. misalnya kita nak kan knm naik.. hah pada tu la si SIAL @ "kxxxx nxxxx masam" ni memainkan emosi kita... ehhh malaun kalo nak turun turun la aku nak beli kat 50sen kalo nak naik bangun la asek ding dong kat paras 70-88.. sial betul kau celaka bagero..

tapi pelik nya kalao benda tu kita doa supaya dijauhkan itu la yang kita dapat.. misalnya kita tak nak jumpa si malaon ni tetiba muncul aje tak semena dalam lift bersama kita

bagaimana nak mengubati hati luka ni... anggap apa yang berlaku telah ditetapkan kita hanya melalui jalan nye saje... kalo susah juga hati tetap sedih anggap la ada kebaikan masa akan datang untuk kita...