Good day all,
I have an announcement to make today. Because of certain reasons, I will be inactive for the next few months. I am unsure of an exact date when I will resume “normal activity” but I should be back by November. I hope to be able to see all of you readers again when I am back to posting articles here. It has been several years since I started this blog. Overtime, readership has gone up, and more importantly, I feel like I have benefited from writing down my analysis and reviewing charts over and over. I feel that it is time that I take a nice, long break from blogging – and trading as well, probably (although, as with some people, my love of the market and trading will not keep me away from following the news; and prices, maybe) – and pursue some of my other interests more actively. I think the word hiatus is appropriate. It has always been my long-term plan to convert this blog to a website with a “proper domain name”. (technicalanalysistalk.com, for example). And, perhaps, when I come back from my hiatus I will do so. For now, I am very satisfied with how I have run this blog, and seen my brand of technical analysis – my style – evolve as time went by; assimilating new tools or methods that help me read a chart better, and dropping ineffective weapons in my technical analysis arsenal.
The name of this blog is technicalanalysistalk. Over the last few years, I have built up this unique name, and in future, I may have some plans for it. Of course, this blog is not at all well-known in the community; however, I have time on my side and believe in what I am doing. I strive to grow these three things: my trading account, the name of this site, and me (as a person; my character). Trading and technical analysis have taught me many life lessons, and even changed me as a person. I believe you have arrived at an advanced stage of any pursuit when you realize your character and mentality have changed (positively, of course). In other words, your life has been impacted on a deeper level by your passion. Trading and technical analysis changed and taught me “many parallels” to other aspects of life. It becomes more than just the dollars and cents, the profit and loss, and even the emotional roller coaster that is trading. When you start looking at it from a philosophical point of view, and applying seemingly unrelated lessons in trading to life as a whole, that is when you know you have matured. Your trading equity should have grown as you mature in thought and character.
Successful people in any profession, trade, or pursuit always reveal the so-called secret when asked how they can wake up every day and keep doing what they do. Many times, the answer always rejects money as the driver of the particular passion. It is never about money. When you have the passion in you to do something, you keep doing it. There will always be room for improvement; never a time when you feel as though you do not want to get better. Although I am proud of what I have done on this blog, I know that this is not the limit. I know that my analysis is still a work-in-progress; I know that there are more lessons I can learn from trading and technical analysis.
So, even as I embark on this temporary break from updating this blog, I hope to see you readers of this blog back when I resume posting.
In the meantime, thank you all for your support by coming here to read about my brand of technical analysis. I leave you now with a song called The Whipsaw Song by Ed Seykota. Ed Seykota is a very successful technical analyst. He is classified as a trend-follower, and is one of the best-known proponent of that trading style. He wrote a song that summarises the key elements of a trend-following system.
Once again, I like to remind us that it is not about how many trades you win or lose but how much you win when you win and how much you lose when you lose.
You get a whip and I get a saw, honey
You get a whip and I get a saw, babe
You get a whip and I get a saw
One good trend pays for ‘em all.
Honey, trader, ba-by mine.
What do we do when we catch a trend, honey … etc. We ride that trend right to the end.
What do we do when we show a loss, honey … etc. We give that dag-gone loss a toss.
How do we know when our risk is right, honey … etc. We make a lot of money and we sleep at night.
What do we do when the price breaks through, honey … etc. Our stops are in so there’s nothing to do.
What do we do when a draw down comes, honey What do we do when it gets real big, babe What do we do when it’s even bigger … We stick to the plan and pull the trigger.
What do we do with a hot news flash, honey … etc. We stash that flash right in the trash.
Lyrics taken from Seykota.com