Comments on: NVIDIA Corp. (NVDA) http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/ Beauty is in the eye of the shareholder Fri, 29 Aug 2008 03:17:42 +0000 http://wordpress.org/?v=2.6.1 By: uglychart.com » Blog Archive » June Review http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-918 uglychart.com » Blog Archive » June Review Fri, 30 Jun 2006 20:46:12 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-918 [...] Despite two breaches in my system, June was a good month. I was up about 40R: The 29th trade and the 59th trade represent whole days where I overtraded and did not follow my system. I do not include each separate trade in my journal for these days (because there are so many trades and I’m not following my system) so I include them as one trade and I compute the R value based on my average R for the month. So that is why I say I was up “about” 40R, because there is estimation involved with these two days. Despite all the R, my account was only up 18%. I know I know, 18% is pretty good. But I had planned on my average R being 1.2% of my total equity. It turns out it was only 0.6%. And I have to figure out why that happened and what I can do to change it. If I had used 1.2%, I’d be up 36% instead. An example is trade 86, which was my biggest risk-to-reward trade for the month but also my lowest R value. Some of the reasons I used less of an R were: 1) I thought the market direction was questionable and so I wanted to lessen my risk, 2) I didn’t have confidence in shorting and so I lessened my risk, 3) my math is bad and I figured the wrong position sizes, 4) I overestimated slippage and underestimated liquidity, and 5) some bars were so narrow that I was afraid to buy so many shares. My first reaction to all of this was that I would increase my R and this would hopefully increase my average R. But I think instead that I will put more effort into buying enough so that I am risking what I want to. My goal for July is to bring my average R up to 1%. I attribute a lot of my success this month to meditating for 30 minutes every morning before the market opens. My worst day was a day that I overslept and didn’t have time to meditate. It has also helped me in other ways besides trading. I feel more content and have less of a temper. I also attribute the success of this month to the fact that I was using 30-minute candles, which did not allow me much opportunity to overtrade. Also, I put a lot of effort into looking for very narrow bars. I am on vacation until the 10th. The new all-time highs/lows will continue to post as usual. [...] [...] Despite two breaches in my system, June was a good month. I was up about 40R: The 29th trade and the 59th trade represent whole days where I overtraded and did not follow my system. I do not include each separate trade in my journal for these days (because there are so many trades and I’m not following my system) so I include them as one trade and I compute the R value based on my average R for the month. So that is why I say I was up “about” 40R, because there is estimation involved with these two days. Despite all the R, my account was only up 18%. I know I know, 18% is pretty good. But I had planned on my average R being 1.2% of my total equity. It turns out it was only 0.6%. And I have to figure out why that happened and what I can do to change it. If I had used 1.2%, I’d be up 36% instead. An example is trade 86, which was my biggest risk-to-reward trade for the month but also my lowest R value. Some of the reasons I used less of an R were: 1) I thought the market direction was questionable and so I wanted to lessen my risk, 2) I didn’t have confidence in shorting and so I lessened my risk, 3) my math is bad and I figured the wrong position sizes, 4) I overestimated slippage and underestimated liquidity, and 5) some bars were so narrow that I was afraid to buy so many shares. My first reaction to all of this was that I would increase my R and this would hopefully increase my average R. But I think instead that I will put more effort into buying enough so that I am risking what I want to. My goal for July is to bring my average R up to 1%. I attribute a lot of my success this month to meditating for 30 minutes every morning before the market opens. My worst day was a day that I overslept and didn’t have time to meditate. It has also helped me in other ways besides trading. I feel more content and have less of a temper. I also attribute the success of this month to the fact that I was using 30-minute candles, which did not allow me much opportunity to overtrade. Also, I put a lot of effort into looking for very narrow bars. I am on vacation until the 10th. The new all-time highs/lows will continue to post as usual. [...]

]]> By: ExEngineer http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-907 ExEngineer Thu, 29 Jun 2006 16:02:49 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-907 My assage management work is needed on the front end. I'm doing great managing risk, but I keep picking bad entries and getting stopped out for 1R. My assage management work is needed on the front end. I’m doing great managing risk, but I keep picking bad entries and getting stopped out for 1R.

]]> By: ugly http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-904 ugly Wed, 28 Jun 2006 21:26:05 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-904 george: NVDA has been on the alpha list within the past few months - I keep an eye on anything that has been on the list within the last few months ExEngineer: yes, managing assage is kind of like managing risk george: NVDA has been on the alpha list within the past few months - I keep an eye on anything that has been on the list within the last few months
ExEngineer: yes, managing assage is kind of like managing risk

]]> By: ExEngineer http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-903 ExEngineer Wed, 28 Jun 2006 16:05:00 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-903 Profitable 'half-assed' trading is better than losing 'all-assed' trading. I'm currently trying cut down my ass ratio. I'd love to be in the 0.50 league! Seriously, thanks for the blog and keep on going! Learn from your mistakes, 'cause that's the best teacher, IMO. Highest tuition too, though... Profitable ‘half-assed’ trading is better than losing ‘all-assed’ trading. I’m currently trying cut down my ass ratio. I’d love to be in the 0.50 league!

Seriously, thanks for the blog and keep on going! Learn from your mistakes, ’cause that’s the best teacher, IMO. Highest tuition too, though…

]]> By: ugly http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-901 ugly Wed, 28 Jun 2006 02:37:43 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-901 I had an adult beverage and watched Samurai Champloo. Thanks for the support. I had an adult beverage and watched Samurai Champloo.
Thanks for the support.

]]> By: george http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-900 george Tue, 27 Jun 2006 23:42:11 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-900 I think you're being too hard on yourself. NVDA was a very profitable trade. In some other scenarios your strategy of taking half of your profits off the table may have worked better than staying "all in". It depends on your risk tolerance. I'm curious how you chose to short NVDA, since it is not one of the alpha stocks. I think you’re being too hard on yourself. NVDA was a very profitable trade. In some other scenarios your strategy of taking half of your profits off the table may have worked better than staying “all in”. It depends on your risk tolerance.

I’m curious how you chose to short NVDA, since it is not one of the alpha stocks.

]]> By: Todd http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-899 Todd Tue, 27 Jun 2006 22:20:09 +0000 http://www.uglychart.com/2006/06/27/nvidia-corp-nvda/#comment-899 Trading "misses" aren't worth a bruised knuckle. Simply adjust your trading a tad to make tomorrow a better (more profitable) day. Have an adult beverage of your choice and resolve in your mind what is your best option. Most everything is easier to grasp upon the consumption of aforementioned adult beverage and reflection of the situation. We're pulling for you because we know you have it in you to succeed in a big way. Trading “misses” aren’t worth a bruised knuckle. Simply adjust your trading a tad to make tomorrow a better (more profitable) day.

Have an adult beverage of your choice and resolve in your mind what is your best option. Most everything is easier to grasp upon the consumption of aforementioned adult beverage and reflection of the situation.

We’re pulling for you because we know you have it in you to succeed in a big way.

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