The season for trading

12.45 (early) in the morning, 2 weeks non-stop no forex and trading actions, hardly done anything since my varsity hols started...but this is certainly the PERFECT time to blog.

For a few reasons of course. But I won't list the reasons.

I note that it's real close to where and when I'm supposed to start trading. And I actually feel I have a better chance trading in school. I picked up trading again while preparing for my varsity exams. And so going back to school quite excites me - continuous wireless, and my laptop's usually with me.

Talking about that, I spoke to Kelvin last night. In short, he's a friend I met during my national service days. (in the camp where I, thankfully, was allowed to slack for more than 1 year) For a brief period, I got to know this guy with some ideals and ambition, but appeared like an educated Ah Beng to me. Well, years go by, and I realised he's really not a Beng (or hooligan, apologies for the colloquialism), is pretty friendly and has learnt a lot since we parted about 2 years back. He picked up English, surprising me with his vocabulary and fluency, having rejected reading Rich Dad Poor Dad in english when I first got to know him in camp.

Anyway, back to the conversation. He gave me my most unusual request to date. To tutor him weekly (and charge him my normal tuition rate) in forex trading. And that was easy to answer. For many reasons, I can't accept a single cent. Simply because I'm as much a student as he is. But I know what he's aiming for, and I agree we should do as he suggests -- to meet consistently at least once a week to discuss trading and stuff. We'll see what comes out of that in our next meeting.

Next, (I hope you guys are tired of hearing this from me) I finished the ebook "Adventures of a currency trader" once more. The first time was during my extended lunch times in the Times bookshop in Centrepoint. And I still absolutely love that book and recommend it to all traders, but more so for traders for have had a little experience in trading but is going nowhere. The book has no answers, but is a great direction pointer. (Firman, I think you should read the book, if you haven't.)

I'm not gonna say too much now, lest it be repeated stuff. But I must emphasize this point to all fellow traders. Trading is NOT about the system. Everywhere in the market, we see trading systems being promoted and sold. Some claiming to be a sure win, others say they guarantee a path to riches. I'm not saying they are not true or can't do what they claim. But that's TOTALLY MISSING the point.

Trading is about yourself! There is no system that works without the trader clearly knowing what's the rational behind the system. And the system has to suit you, the trader. I clearly know you can't use a system that trades on the hourly chart if you can only afford to go on to monitor trades on a daily basis. (or even less frequent than that)

At this point, I must say I don't really know how to substantiate my abovementioned point, so please do leave a comment if you guys have something to discuss or some questions to direct my posting on this issue.

Just a last point. I attended a seminar on futures. Really great info there, learnt a lot about futures and investment in general.

I'm a student, and I believe we all are on this amazing journey.

ENJOY IT!