12.0 Wave Lessons 2

There goes the Ghost of August and hopefully it will not come back as the Spectre in September. The month of August left a psychological scar in my trading skills. There were days I looked at graphs with a blank stare bludgeoned to submission by an unforgiving market. As a neophyte trader who had just completed the Certification for Stocks Specialization Course, I found myself questioning whether I learned anything at all or if indeed such Technical Tools are useful in stock trading. Looking back, I may have misinterpreted certain signals but a deeper soul-searching revealed surprising lessons. These are hard lessons I wish to share to my fellow neophyte traders, classmates, and friends who dabble at being a stock trader especially during these highly volatile, unpredictable, and oppressive times.

11.0 The Year of Trading Dangerously

I was transitioning from sleep to wakefulness when I was fully awakened by an incoming message alarm from my cellphone. I struggled to open my eyes and then reached out for my cellphone to check the message. It was from the free news service subscription. I thought it was just one of those ordinary days. I was wrong! Dead wrong! As I scrolled down, my jaw dropped and my eyes were wide shut as I read, "DJIA dropped by 4.31% highest since December 2008".

10. 0 My First Technical Jabber

Contrary to what I expected, there was no Strategic Trading Game (STG) after our Technical Analysis Module. My dissapointment was shortlived as I realized that our professor was indeed right in saying that the STG will not bring out the best in us in analysing stocks technically. Because it only involves play money, participants risk attitude and analytical
thinking will not be tested realistically. Instead, we were required to submuit a technical jabber which to my pleasant surprise did challenge me more than the STG.