I am just starting to learn about trading but i am increasingly overwhelmed by these terms, liquity, leverage, etc.etc. I hear a lot of these economists and analysts say these on CNBC and Bloomberg but i have no idea what they are saying. Trading is not yet as exciting as poker, but i hope it will be more rewarding financially lol.

I guess if we put enough dogged effort into something, you will become better at it, and you will think along those lines and eventually like the thing. So i hope with trading. I am learning from books right now, and i am not the most focused reader, but i am trying to focus my mind on the book, even though most times my mind just wanders and i become very bored after only a few pages. It’s not that i am not interested in trading, but i’m just generally very bad at concentrating.

The book i am reading right now is “One Up on Wall Street” by Peter Lynch. It’s quite an easy read, nothing too technical, but since recently i just finished a technical analysis book, my mind is more on charts and patterns than on the fundamentals like financials. So i stopped reading that for a while, started getting distracted by videos and browsing for a while, and started reading “Trading in the Zone” by Mark Douglas. I immediately got glued to this book because it is more philosophical, more about the mindset and psychology of trading rather than the technical aspects. I am very interested in psychology and philosophy so i immediately was attracted to this book. I plan to finish reading this book, it seems like the most interesting trading book i have come across so far, and of course many people recommended this book in the forums, which is why i downloaded it.

Again i really am clueless about trading. I don’t know when to enter etc. I try to find patterns but then again how many patterns are there in charts? I see these support and resistance lines, but i don’t know if they are correct. And who knows if the line just go out of the pattern. Nothing is guaranteed. I really am eager to make my first real life trade, prolly just for couple thousand dollars, hopefully can cash in 10% which is $200. Commission about $60, so i can earn $160. Which is one month expense for me here. Ok maybe not, maybe more like $500 if i were to pay for my own petrol,food,bills. Excluding rent. I guess i am just eager to make a trade because I want to show my dad I am really serious in doing this, and these days he might think that i am just wasting my days away (since i can show no results), when in actual fact i am learning about trading. I just don’t want to dive in too quick.

Okay so since March the market has been on the rise. Pretty good rally. And i never knew it would last for so long. However i don’t think this is going to go up and up from here. As i have listened to the experts, the fundamentals haven’t improved, and many economic data are still bad (where do you get these economic data?). That coupled with the fact that June-Sept they say are the worst months for stocks, i think the market is going to head down soon. However, i just placed a couple of trades on couple of SGX (Singapore) stocks which i think have pretty clear support and resistance on this uptrend. I am not shorting any stocks yet because i really don’t know when this bull rally will end, but i am always alert waiting for the day (the market goes down)! I am such a pessimist. But if the situation is looking bad, like many seems to say, then why is market being all bullish right now, isn’t it a bit too early? I hope i can learn more about economics to find out for myself how the situation is like right now instead of having to listen to people. I am planning to read a book on Economics after this one, there are so many books i have downloaded i don’t know when i will finish reading them all! I pray for the power to focus on finishing these books i have set out to read.