Mar 22, 2004 is a sad day. Trade: Sold to close 1 ESM04 @ 1095.0 Bot @ 1101.0. Realized Loss: 6 ToDate Gain: 19.5 Trade: Bot to open 1 ESM04 @ 1101.0 Bot @ 1101.0.
Track positions year by year, month by month, week by week, day by day, hour by hour, minute by minute, second by second, tick by tick. See and understand how market simply moves the positions and the accounts. Be still like a stone and let the market be the only one who moves. Then find that everything starts to slow down and be crystal clear. Become a Neo in the Matrix.
In our life, how many experiences come and go? How many ideas come and go? How many solutions to problems come and go? Human brain is built in to perform garbage collection automatically, which sometimes is very efficient to make us focusing on "important" things and make us feel comfortable. But the problems is that we keep losing useful information from ideas to experiences to other profits. Examples of compounding in life: 1. Track how money comes and goes every time whenever it happens. It is easy to to see the benefit when we file tax and analyze our cash flows. But keeping this habits is not easy. So how to find a compromise? It is simple, always try to use either personal checks or a credit card, and avoid cash. But still every month we need to reconcile our account statements. There is no total shortcut to compounding only compromise. 2. Collect coins in piggy banks, if we have to use cash more or less, Spent one minute every day to clean up our pockets or handbags and put the coins in our piggy bank. After every year, withdraw from the piggy bank, then either donate it to the charity for hungry kids worldwide and write off the tax, or just depot the money to real bank accounts. How much difference do you think you will make after keeping this compounding habit for 40 years? 3. Recycle. Ask your community center for recycling programs. Share the enjoyment of compounding with other people. 4. Keep a diary. Write down what happens, what you do, what problems you solved every day. However, as to many compounding examples, the first problem is the difficulty to just keep doing it consistently. Then the second problem is how to make good use of the stuff you have compounded overtime. Many more compounding examples and stories to come....
Pay the credit card loan before May 15 on or prior to which time if the position cannot turn profitable, holding for long term. Buy signal for the next level is pending. Care.
Bot 100 QQQ @ 34.75 on May 14, 2004, Holding 600 QQQ @ average cost $36.7, Settled@34.74, unrealized loss $1176.