Movies Watched -- Clash (Eshtebak) (2017)

Added on by C. Maoxian.

In Egyptian. 97 minute running time so under the sacred 100 minute mark. Apparently there are two factions in Egypt: the army and the Muslim Brotherhood ("MB") ... everybody looks poor and bedraggled. A motley group of people (some pro-MB, some pro-Army) are trapped in a paddy wagon during the summer of 2013. It's an interesting conceit, but 40 minutes in, I ask myself, am I that interested in Egyptian politics?

Civil unrest on a massive scale... captures the chaos and inhumanity of it all. Probably a lot of the comedy is lost in translation, but the tragedy isn't. Yellow rating.

It's complicated

It's complicated

Movies Watched -- Gerald's Game (2017)

Added on by C. Maoxian.

103 minutes including credits so well within the sacred 100 minute mark. Movie adaptation of the Stephen King novel published in 1992. It was not badly made, I didn't fast forward at all. No-name actors were good, pacing was good, not overly long as I noted before. But it was disturbing, it's a horror movie for sure. Sexually abusive, screwed-up father/daughter relationship touched on (no pun intended), as well as the asshole/domineering husband in later life thing ... a feminist story of sorts.

You won't enjoy watching this movie, but as I said, it's not badly done. Yellow rating.

Wake up!

Wake up!

Your Jacket Shall Be Blue

Added on by C. Maoxian.

Zimmerman's cover is unbearable, but Nic Jones' beautiful guitar and simple voice do the old ballad justice:

Day 4 Canadee-I-O by Nic Jones, from his album Penguin Eggs.

Life Without Her

Added on by C. Maoxian.

Terrible quality but there's something special about Gilberto Santa Rosa performing at Centro de Bellas Artes when he was in his early thirties ... choreography with his backing singers always wonderful. Es llorar, amigos, es llorar, indeed. 

Mp3 Gratis: Salsa Clasica, Sensual, Romantica, Live en: www.salsaengrande.com By DannysalsaF

Notes for Chat with Traders, Episode 164

Added on by C. Maoxian.

Episode 164 ... Nick Fabrio (84:10)

  • Wanted to be a doctor
  • Started working at a casino, 4 AM to midday
  • Working in a casino is depressing, everyone's losing
  • Sold cars after that, was pretty good at that, lasted a year
  • Started frozen yoghurt shop, hard work, paid off debts, sold out, 23 yo then
  • Retail is horrible, too much competition, frozen yoghurt is "optional" [discretionary spending]
  • Doesn't regret yoghurt experience, learned a lot 
  • Got job at something called Wholesale Investor. Boutique broker. Not high pressure sales
  • Willing to take a risk, it's in his nature
  • "Bryce" turned him onto trading, back in 2010, 2011 [Bryce Edwards]
  • Learned a lot of from Bryce and others in chat room he was in 
  • Replaying stuff on Spark? [no idea what that is ... it's this]
  • Did year abroad studying in US
  • Started with $10,000. Lost $300 in first month, second month made $800
  • Added $10,000 more in second month once confident
  • Built account up to $65,000 within five to six months (January 2016)
  • Only traded stocks between 30 cents and $3
  • One tick is a full cent over $2, half a cent under $2, and then lower from there
  • Would risk $50 a tick on his highly confident trades, $25 a tick on less confident ones
  • Scalping when he began
  • Watches market all day long even though he is in trades briefly
  • Only focused on one setup at first
  • Always been fearless about losing money, unlike most people
  • Been trading full time now just under three years
  • 2016 on exchange to US, didn't trade as much
  • Scalper trading off catalysts, news
  • More comfortable short than long
  • Average holding time is ten to twenty minutes
  • Wishes he could hold for at least an hour
  • He's holding when he should scalp, and scalping when he should hold, working on this
  • Comes in each day with a watchlist, filters through looking for candidates
  • 40 stocks on his watchlist at the open, many charts open on Spark 
  • ASX opens by alphabetical group, two minutes apart [odd]
  • Earnings news, contract wins ... these are good catalysts
  • From 7 AM to 4:10 PM he's in front of the market
  • Received a cease and desist letter from GetSwift(?) after posting four page report on Twitter
  • 20 cent IPO went to $4.50 and now it's back at 35 cents
  • "Rubbed him up the wrong way"
  • Took his information to the AFR [whatever that is ... it's this]
  • In a thick book, he'll risk $500-$1000 a tick
  • Peruses the AFR [whatever that is ... see above]
  • Learned about Daily Report Card from Austin Mitchum
  • Internalize what you're doing right and what you're doing wrong
  • Trying to grade his setups in the moment now
  • Sizes by tick value and liquidity, how much protection he has in the book
  • Fair bit of spoofing in Australian market, algo activity, bid propping common
  • Recent Cobalt Blue Holdings trade was an A+ short for him
  • Illiquid stock, so good opportunity for a move, took a large sized trade
  • Got out within 20 to 30 minutes, but should have held longer
  • He is critical of himself, always room for improvement, a bit of a perfectionist
  • Does all his trades manually
  • Only uses mental stops, something else he has to work on
  • Does everything off the cuff, all feel based
  • If something goes against him, he gets out
  • If a trade does not work right away for him, he'll get out
  • Scratches lots of trades
  • Gets in and out in one go
  • He's an adrenalin junkie, if position not large enough, he loses interest
  • 70-80% of his profits happen in the first 30 minutes to an hour
  • Trades Australian market from Texas
  • Mean reversion "wallet padder" trades, "income" trades
  • Recently crossed $1MM in trading profits mark... after two and a half years
  • Has financial freedom but doesn't really care about the money, doesn't spend it
  • Bryce's mentorship was key, learning curve greatly reduced
  • "Nick is a freak" ... trading a game that suits his personality
  • Strengths: cutting losers quickly, "learn to lose," unaffected by losses, doesn't fight losers
  • Weaknesses: shorts too much, looks for reasons to short with obvious buys, doesn't relax enough
  • Plays reversals to VWAP
  • Not really a charting guy, more of an order book guy
  • Internet failures really "grind his gears"
  • Has no dollar loss limit for the day, he just grinds back
  • Lazy about doing daily report card now
  • Advice for amateurs: having a mentor is key, focus on doing one thing and doing it well, size up
  • People who aren't passionate aren't going to make it, you have to live and breathe it
  • Trading isn't a path to freedom, it's a path to prison (in front of the screens) [I'm chuckling]
  • Trading isn't stimulating or interesting to many people, yet they still try to trade and wonder why they fail
  • Trading isn't a job, it's just enjoyable
  • Don't over-plan starting, just dive in, immerse yourself
  • Let the smart people do the algos [or people who think they're smart; Nick is clearly smart :-)]
  • Paper trading is the worst thing you can do
  • Risk $1 a tick at first, don't even cover commissions, but *never* paper trade
  • Read Bella's books, they're awesome
  • Trading is like poker ... 95% psychology, 5% skill
  • Trying harder to hold longer ... at least an hour
  • Twitter: @longhorncapital

Master List of Day Trading Chat Rooms and Other Services

Added on by C. Maoxian.

Listed alphabetically ... new ones added as I discover them so check back.

(This is a work in progress. I will undoubtedly rearrange / categorize them at some point.)

If you know of one(s) that I haven't listed here, please let me know about it, and I'll add them.

Wang Jingwen -- 分不情是非

Added on by C. Maoxian.

看得见完美 and she was 王靖雯 ... I can't remember what year I got this album ... 1998 while living in Hong Kong, if memory serves? My daughter's name is 子雯 so the singer had quite an effect on me when I was a kid: 

「唱遊」數位下載及試聽 Digital download & streaming 【iTunes】 http://goo.gl/CXHynK 【KKBOX】http://kkbox.fm/0A0z79 【Spotify】http://goo.gl/0MBXvO 分不清白天　看不見黑夜 心情冷艷晝夜徘徊 分不清是非　看不見完美 十分酒醉　七分疲憊 不是想沉睡 噢　醒不來　醒來你依然不會在 不是醒不來 噢　醒來我還是發呆 分不清白天　看不見黑夜 心情冷艷晝夜徘徊 分不清是非　看不見完美 沉溺在晝夜的邊界 不是想沉睡 噢　醒不來　醒來你依然不會在 不是醒不來 噢　醒來我還是發呆 朋友都說我夜裡比較美 只因他們看不見我清醒的臉 朋友都說我夜裡更冷艷 只因他們看不見我的悲 太陽升起來 噢　醒不來　醒來依然沒有未來 月光灑下來 噢　醒不來　醒來我還是發呆

More Impressions After Sending My Son To Nerd Camp

Added on by C. Maoxian.

I wrote about this last year, but it bears repeating ... my son's fourteen classmates at nerd camp (electrical engineering this year) are all boys and here are their last names: 

  1. Chan
  2. Duan
  3. Huang
  4. Liang
  5. Liang
  6. Wang
  7. Xu
  8. Yang
  9. Zhao;
  10. Baskowsky
  11. Decker
  12. Kovacs
  13. "Wilson" (first name Ze'ev);
  14. Gupta

So 60% of the class is Chinese, 27% Jewish, 7% Indian, 7% WASP/Chinese mix. This doesn't mirror American society as a whole very well. It's clear to me that the Chinese will become an even more market-dominant minority, and the Jews will begin to get crowded out, though they're obviously doing their best to stay competitive. 

I expect there will be a backlash at some point ... I suppose it's already occurring given T___p's election win, though how public policy might change is a good question. Will there be quotas put in place, a sort of reverse Affirmative Action campaign, to keep certain ethnic/religious groups out of the top schools? It's something to keep an eye out for....

You'd Love Me As Long As You Wanted

Added on by C. Maoxian.

The great Linda Ronstadt singing Willie's wonderful song in 1976 ... goosebumps. Many think of Patsy Cline's cover as the best, but dare I say it, Linda's is even better. 

Linda Ronstadt Rockpalast Stadthalle Offenbach Offenbach, Germany November 16, 1976