"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Wednesday, September 29, 2010

Poker: Double or Nothing

Just want a short break away from my assignment. My head is busting from it. So I fired up my PokerStars and looked for a double or nothing game. Increased to "Low" games from "Micro". I was playing pretty tight from the start. And hands I went through to showdown I had all the pots early in the game.

I was number 2 in the stacks throughout basically. At one point, I was down till about number 5 out of 8 players left in the game of 10. The blinds were high. I
called with an A 6. Opponent shoved all-in post-flop when the flop came A J 5. I called.

A 6 vs A T. I thought I was fucked (mathematically I was).

Very quickly, turn came a 6. I sat up from my bed and yell "FUCKYAAA!!!!". I grabbed the pot and returned to number two, throughout the rest of the game. I was happy because this is my first game on slightly higher buy-in.

I miss about two flushes during the game by foldin
g pre-flop. Below is one of the screenshot I missed my full house, because two of them went all-in pre-flop. I had no reason to call against such aggressiveness although I had what I find a
moderate-strong card.

Result: +$4.60


Friday, September 24, 2010

Part 2 of my Comeback into trading

Yes as the title suggest, this is the 2nd part of my Comeback into the trading society.. Its goooood to be back. Split my entry into 2 so as not get F*** by anyone for being looooonnngggg winded. 1st part will be whats going on in my mind from the day of my comeback and happenings while part 2 will be one of my most recent trade. Ok lets get it on!!!!!!!!

Pair : EUR/USD

Timeframe : 4H and 1H

As u can see from the picture, the 100SMA is going up.. So i suppose Mr Trend our friend is heading up. The Red circle is my signal. Well, to me it(candlestick) looks like a struggle after a rally by USD. The candle after that confirms my believe. The Yellow circle marks my entry base on 1H chart, its a 5SMA on that 1H chart. Last but not least will be the Blue circle, my TP. Base on DOUBLE ZEROES. 1.3400. SL will be 50 pips down from my entry, its the low of my red circle signal. I believe that prices that close below that means my forecast / prediction or whatever is wrong.

Profit : 65pips.

Patience... Root of success.

Part 1 : Back from the dead and into the game

Yes im back finally after funding my Oanda account... Fyi i busted my FXDD account. LOL.
Went into hiding and meditate. Reflect on every aspect of my trading style, learn from mistakes.

My first trade with my account is a disaster as i chose to place a bigger lot. Reason being, FIRST TRADE MUST MAKE IT BIG!!! The success of this trade will be a good omen for a start!!

Hell yea im so wrong... big lot = bigger pressure = unwillingness to place further stop loss. Hence my stop loss was being triggered by "noise" when actually my trade should turn up profittable had my stop loss been slightly further.

Then thereafter i became PUSSIFIED and starts placing much smaller lots, and fortunately enough, they are profittable. Then i tot to myself, all these small wins cant or bearly make up for my big loss i had earlier... Something has to be done..............

Finally, i make an effort to do a calculation on my capital and came out with a lot size that is much more acceptable, not too big, not too small. No pressure n no regrets. No regrets as in i wont whine about "IF I HAD PLACE A BIGGER LOT" bla bla bla...

Fortunately again i made it! It hit TP and im over the moon and sun and stars and comet and meteor and space shuttle and and whatever u find up there. GODLY! From all the small wins till now, i had quite a streak... i almost forget what my dad's name is dammit... I lost myself and start to look for a position to get into again........... aiming for a "MONSTER KILL" (If u play DOTA, u will know wat that means)

DANG!!!! Wrong move... bad price bad position. Got shot in the head. The devil inside me came out from my ass again... My placing of stop loss.. i totally ignored stop loss placing, instead i went in another position so as to offset my previous losing position should the price go in my way again.. I GOT RIPPED... Picking up myself together, i got the courage to close both position at a big lost... All my profits earlier dissolve together with my ego. Fall back to earth with a bang... AGAIN?!?!?!?!?!

The above totally sounds familiar...was it like 6 months ago? Cant remember...

Put the past behind, take a step forward

Tuesday, September 21, 2010

Poker: 20 Sep - Lost Focus

Firstly, I called an all-in with JJ against 88 pre-flop. Flop came an 8 and that was it for me right from the start. Never mind. I grind my way back up. Was on the profit side. I was on too much attention with other stuff online. There was obvious full-house on the table. I had a K high flush and without second thought and look I called all-in and lost everything there.

Losing focus is something that shouldnt be in poker (obviously). I wanted to curb this thats why I played one table instead of two and I play 0.01/0.02 stake instead. But still happens.

I wasn't that upset that such thing (losing) happened but more upset to the fact of how it happened. If you can't keep your focus, don't trade, don't poker. That is why I haven't trade since NFP and play poker for more than a week. Because I knew I had my job and classes to worry. Until finally today I had the mood to get in and it happens again.

This is getting emotional. I suppose even writing blog may go on tilt. Lol, till then.

Monday, September 13, 2010

Casino Expedition

This post is more on my trip to local casino I was talking about in a few post back. SGD100 have to be paid as a levy for locals. So you basically lost 100 before u even start to gamble. That prevent a lot of small rollers like me from entering the casino at will.

I went there with my family last week during the public holiday. We reached there at night about 21:45. So the time you enter, you have 24hours in there, if in any case you came out 21:46 the next day (say if you stayed for 24 hours), you will be told to pay another SGD100 levy - thats what I heard.

It is the newer casino, Marina Bay Sands. Beautifully designed. I like the layout and the place just seem new and feels good (except for the cigarette smells). There are table games like Black Jack, Bacarrat, Roulette (table and machine), Big Small (thats what we call it), and Singapore Stud Poker etc.

Of course, I went over to check out the Singapore Stud Poker, I read the rules of the game before I went there. I didn't play because I didn't plan to gamble more than simply 3 bets of the game (Ante: $50, if you bet it cost you another $100 which therefore $150 per hand). It seem pretty hard to play too. I went on to the machine roulette thereafter.

You can simply place your bet bet bet bet bet all over 1-36 of the roulette table. I felt that the odds is greatly against us. So I bet for Red & Black. Didn't make it either. Down to $100 in 3 hours by then. It was $1 minimum per bet, probably the only game I coulda afford that night. Then I went on bet on between 1-36 and it seem like a slow death so I was down another $50. Finally, I bet first column. I thought the reward ratio is better though the odds is only 1/3. I only hit once and finished my last 50 bucks quickest.

Day One: -$200

Second day, we went in the afternoon (still within the 24 hours, sound pretty desperate -_-). That morning, before brushing my teeth I started to surf for some roulette system. I manage to find the Labouchere System (I dont know what to put in the numbers basically), Martingale System (seems too risky for me), and the 1st & 3rd Column Strategy (which I adopted).

On the second day, I tried 1st & 3rd column right from the start. But because I also bet an additional "Black", which makes it always break-even like what the author said, or else I will lose all my money, and pretty hard to win all. So first half of the gamble, I was basically +40 then 0 then -50 then back to +10.

I decide to stick to simply 1st & 3rd column. Seems more like a better odds to me. You get a probability edge of about 2/3 against the dealer, although the lost is x2 of per win. I was pretty lucky from there and then. I caught most of the moves. I was up +75 before I raised my stake size. When I hit +150 I raised again. This time round I was hanging there pretty long, before I hit +200 and called it a day. I'm in love with this system but you have to stay discipline and it can be a pretty boring betting style (nothing more than using my thumb and middle finger to tap the two bets every hand). If can win, who cares if it's boring?

Day Two: +$200

Nett: -$0 + (-$100) = -$100

Screw the levy man.


Friday, September 10, 2010

Poker: 10 Sep - Randoms

Short 100 hands today. Last weekend was terrible, after the previous NFP big draw-down, I was followed by loses in poker over the weekend. This is at a point of time where I was lost and felt I need more time to pick up. Earlier this week I was only doing my school assignments. Got to play a bit of hands today.

Today is a public holiday, our fellow Muslim counterpart's festival call the Hari Raya Puasa. If you don't know, they went through one month of "fasting" before celebrating this special day. Long weekend for everybody.

I need to remind myself of becoming calmer during my trades/poker even during losses. Recently, I let myself go easily, I tilt easily. The more I'm afraid to lose, the worst I become when loses come infront of me. It's simple concept every beginner learn till they are masters, but it is some thing that takes a life-time to master. I was thinking if I relate my capital to my real-life monetary too much. Because if you take it too hard, like losing a few dollars to hundreds of dollars, you might go into thoughts like 'oh my I lost these amount I coulda bought something or something'. But then again, these are still real money. But I think the key to curb this might be changing my mentality about it. Isn't it strange why we always do so well in the demo than our real money?

Have a good weekend people!

Result: +$1.20


Friday, September 3, 2010

3 Sep, Eur/Usd - Non-Farm Payroll

Frustrating night on NFP.

From start, I sold at bottom when slippage occur. I was too reckless. I thought they are always the same.

So most of the night, I was trying just to re-coup. And then I sold at top, big size (tilting again), I was at break-even and even some profit. But I held, I thought it would still go down. US data was bullish.

And thinking that it would go further down, I added another lot size short and thats where the root problem occurs. That last position caused me lost (overall) which I dont want end like this. I went back in and in and in like how it always occur.

My FXDD account got margin called twice. Year's profit gone plus some loss. My Oanda is still ok, hanging on where it is.


Fuck me. I am going nuts trying to trade the market. I should really find more discipline in myself.
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