COINW- What a Roller Coaster!

Man, after that trade, I had to go for a run. I just got back running a bunch of stairs over looking a huge cliff here in Newport. I run there a lot to reflect on my goals and what I'm doing.

 

Well, I got entered COINW at 6.62 It immediately started declining and at one point I was down about 15% I think. When that happened I basically said "screw it" and didn't really care anymore what happened. Then the QQQQ's started declining pretty rapidly and I that just reinforced me not caring.

 

Right after the price started stalling and not moving anymore, it slowly inched it's way higher and all of a sudden I see an order for 15k shares come in and that started driving the price straight up. Of course, the moment I see a profit I take it and I sold at 6.77

 

My exit strategy for taking profit is simple but I have a hard time following it. When the bottom of the most recent candle gaps up above the 7 EMA, take profits.

 

In retrospect I got out way too early. It ended up shooting to around 7.50 but I'm happy I didn't end the day down huge, lol.

 

Trade Log Spreadsheet

My spreadsheet that I've personally developed and use on a daily basis. I thought it might help some people out considering how many people have downloaded my Calculator and my Success Notes.

The Basics:

• Win/Loss Percentage
• Average Gain/Loss in Dollar amounts and Percentage amounts
• Profit Per Share
• Percentage Gain/Loss of account as a whole
• Net profit
• And a lot more

Advanced Analysis:

• R Multiple for each trade
• Expectancy
• Profit Factor
• Equity Curve Chart
• Potential Profit per trade
• Potential Percentage gain per X amount of days (you can specify the time period)

I've spent a huge amount of time coming up with formulas to calculate this data. I'm constantly going over my stats to see where I'm at, where I'd like to be, what I need to do to get there based on how I'm performing, etc.

The boxes in Orange represent data fields that can be altered/entered in by the user. Everything else is automatically calculated and doesn't need to be touched. If you need any help with certain fields or don't know what a box means, leave me a comment and I'll help you out. The data that is currently in the spreadsheet is data I've made up as an example.

Help Files for the Spreadsheet: http://www.mediafire.com/?zny3wltgyli

Download here: http://www.mediafire.com/?71gec97eytm

I hope you enjoy my spreadsheet. I find a lot of joy and feel good when I share what I've created with people. Happy trading.

Thanks for subscribing to my feed!

Speculation as a Fine Art

The bible for successful speculators, written on speculation, by a successful speculator. Watts was president of The New York Cotton Exchange between 1878 and 1879, which was then one of the greatest arenas of speculation in America. This is a combination of what is speculation, along with some thoughts on life, business, society, and language. An excellent thought starter. http://www.amazon.com/Speculation-Fine-Art-Thoughts-Life/dp/0870340565

I came across this book randomly this morning reading some trading forums. This is another book I've read and I highly recommend it. Another very small book and can be finished in about 30 minutes or so but it's one those books that's just so jammed packed with information.

 

Download PDF: http://www.mediafire.com/?4mzzzm4uzr0

As a Man Thinketh- James Allen Downloads

I bought this little book about a week ago and just finished reading it a few minutes ago. To cut to the chase, the book is mind blowing. It's a very small read, about 45-50 pages or so but the content that it's packed with seems like it's a 400 page book.

 

As a Man Thinketh is a literary work of James Allen, published in 1902. The title is influenced by a verse in the Bible from the book of Proverbs chapter 23 verse 7, “As a man Thinketh in his heart, so he is.”

The book opens with the statement:

Mind is the Master power that moulds and makes,

And Man is Mind, and evermore he takes

The tool of Thought, and, shaping what he wills,

Brings forth a thousand joys, a thousand ills:—

He thinks in secret, and it comes to pass:

Environment is but his looking-glass.

- http://en.wikipedia.org/wiki/As_a_Man_Thinketh

I found the PDF version of the book so you can read it immediately from your PC and also I have the audio tapes if you'd rather put it on your ipod or whatever and listen to it instead of reading it from your PC. Either way, you need to get this information in your head, repeatedly. It struck me so much I spent a few hours compiling the info for you to enjoy.

 

• As a Man Thinketh eBook Download: http://www.mediafire.com/?7ynv2fjnyp2
• As a Man Thinketh Audio Book Download: http://www.mediafire.com/?9r0wuwvveyy

 

It's interesting that the most amazing information is free yet no one seeks it. Because it's free,people, in my opinion, assume it has no value. If it doesn't cost a huge amount of money, then it's crap. Take the public library for example, it's a gold mine of free information yet not many people utilize the resources. Read this book!

Position Sizing Calculator- Download

 

 

Download: http://www.mediafire.com/?end0smwd3se 

Symbol List

I've compiled all the ticker symbols for the following exchanges: NYSE, NASDAQ, AMEX and DOW Jones. I made a simple text file with the symbols only in case anyone needs these for some back testing software or whatever the case may be.

 

I needed a list of symbols to add to some back testing software and I basically got them all together and have it for anyone who wants the list.

 

Download: http://www.mediafire.com/?85j911rj951

 

 

 

Below is just a quick snapshot of how the list is formatted. There's easily 10k symbols here. Enough for a sample to do some back testing.