519 - thoughts on Ray Dalio video*

Ray Dalio did an amazing video, trying to educate people about the economy.
It seems simple, but it is those video that I do not really get the point.
I rewatched it again, and somehow it gets a little bit clearer.

The debt cycle is like human.
We are optimistic, so we spend more, and with the help of credit.
The same human is like the economy.
When people are very positive and excited, we all put out our money to spend and invest.
Everything starts to go up.
That is when the down slope of the cycle happens.
Something burst, and slowly things get dragged down by it.
Then we go back to the way of cutting spending, and being thrithy.
We are also scared to invest, and work hard to survive.
But it is also the time when assets are good in value.

519 - follow-up

This seems to becoming a potential trade.
But I must remember, it is only high probability.
I hope that the money that I have left can allow me to enter at least 2 lots.

519 - nice but...

The tails at both ends are a bit too long.

519 - something to monitor

Nothing much that I see since my trashing.
Only the above, which is reaching its support zone.

519 - improve from failure

Above from previous post.

One way I can improve from previous loss. 

Before I entered the trade, I should thought about the below.

There is actually no resistance zone.

Because price only tested it once.

So the next time the price area is tested again, it can be used to determine if it can form a zone.

519 - update on destruction

The above further destroyed me.
Saw a bearish pin at resistance zone.
But it continued heading higher.
On a positive note, I set Stop Loss at 3/4 of the tail.
Still, I am at my lowest point ever.

Well, keep calm, and carry on.

782 - not a very good day

Bought Sir Alex Ferguson limited edition pins from England.

Bought 10 of it, thinking of selling it for  profit.

But 2 of it was spoilt.

And the shipping and tax itself cost close to SGD 300 (107+183).

Forex wise was also bad.

Though I won a small trade, but I closed off soon, as I cannot really determine the 2nd resistance line.

Below is the trade which I won. The red oval is the indicator.

It is a big engulfing candle rebounding from the support zone.

I think I made close to 100 SGD, which I bought and sold within today.

Below is another trade which I just entered.

It is a daily chart.

Pin formed, and the body is red.

Only concerned is that the tail might not be long enough.

But to me, it looks quite significant in the chart.

The resistance zone is also supported by 2 previous mountain peaks.

A lesson from a few posts back, I also set the Stop Loss around 3/4 of the tail.

I spent so much money recently.

Bought a 1963 classic Omega watch for around 1k SGD.

But I really liked it, and I also bargained with the seller to get it more than 100 USD cheaper.

I had been looking for a more pricey watch for quite some time, and I am quite happy with it.

But one thing is that it is 34mm, which a lot of people finds it like a girl watch.

Watches of the past are smaller.

But I have quite slim hands, so hopefully it is alright.

And also the more I looked at it, the more I get used to it, the more I adore it.

Other than that, I also bought some presents for my girlfriend.

It is not very costly. And of course, it is crucial. No complains.

Are mentioned above, the pins cost me around 1k SGD.

And also, the most expensive item that is still yet to arrive is a photograph.

Hand signed by Alex Ferguson.

I got it from a charity auction online, and it was a bidding war in the last few seconds.

My was the cheapest, and all I wanted was something collectible from one of the person I respect most in the world.

When I bid for it, I have the idea I will be a rich person next time.

And that made me think that it is a small price to pay.

However, with Forex keeps getting from positive to negative, it made me feel that idea of my rich self getting harder.

Well, after a while, it will be ok.

Just have to forget about the expenses, and focus on earning more.