A reflection on the blog and trading

Since I opened the blog in April, 2009, I have benefited a lot from the writing and analysis, especially to help myself (and some serious readers ??? may be) on better trading skills and the chart reading. To date, I think I have discovered the great novel trap-zone theory to understand the stock market price development, as well as the reaction lines, reflective waves, and reaction waves. Recently, I developed another concept, the sticking line, and the worry-free trading model: the sticking line + W bottom and the sticking line + M top. However, I won't be able to disclose these findings here now. I need to forward test them first, not just the back testing,  at least.

The ideal entry/exit point is around the sticking line, once it is confirmed by the market to be the major support/resistance line on the daily chart. As a result, there are plenty of time for positions entry/exit.

Despite the great gain so far on the blogging, I also noticed it is an addiction as well. It is not my main business, but just a tiny side HOBBY. As a result, I plan to spend less than a hour per day on it.

Here is the plan:

• After the market close, write 2-3 articles to record my thinking over the market development, then using the schedule feature to post them on the blog in different times so that the blog visitors  can find new content every time they visit.
• Focus more on the stock price development and trading model development. Review more on the analysis, review more on the previous thinking, find out the deep reasoning why I am correct and why I am wrong.

Have a plan is one thing, implementing the plan is another thing. This is the same with trading !

I have discovered many times that a failed implementation on the plan  usually comes from the lack of self-discipline. I plan to use the blog and the stock trading to develop a better self-discipline. A great opportunity.

I added this post to the investing ideas column.