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December 11th, 2005 by eyal | Filed under Personal development. |
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This weekend I covered 2 main objectives:
1. I finally caved in and installed Windows on my desktop which promptly followed by installing some games. This was a depravation which needed to be addressed, also in view of the amount of work I did. The way I work is that I put in 45 to 90 minutes of highly concentrated effort, very focused, covering a lot of ground, followed then by a 20-30 minutes gaming, TV or food break. I can go this way from early morning to late evening which means that by night time I’m exhausted but I’ve also been quite productive.
2. So what sort of productivity was done this week? Building my database, mental database of chart setup chunks. How did I do it?
2.1 Each day I capture trades I’ve done, trades I’ve missed and any other chart that I find of interest. This is easily done in QCharts by exporting a chart into a jpeg. These files then sit on my hard drive in a single folder, unsorted. So I decided it was time to put those files to work.
2.2 I’ve also added another folder for Trader-X’s trades. Because this is a very visual thing I loaded up all his trades on my own charting setup and captured it from there rather than use his images. If some of these chunks are to sink into my memory and used for future pattern recognition then it’s best if they’re in a format as close as to what I’m using in real time.
2.3 I then sorted my folder by winning trades and losing trades. I then went through each image trying to analyse it, identify any common characteristics for both winning and losing trades. I then re-sorted the trades based on volume characteristics instead of winners/losers and analysed that.
2.4 I jotted down a list of observations. No, I didn’t find a holy grail - but you probably already know that :) What I did write down though are basically very similar rules to Trader-X’s, Maoxian and my own but in different words, maybe with different emphasis and nuances.
So that was it for my weekend work. I plan to repeat this exercise on a monthly basis with the aim of increasing my win/loss ratio.
You are the king or organization. But what did you use befoe Windows?
I wish I was really organised then I’d have proper records of all my trades etc. I use linux for everything else other than trading.