Just finish read a book, "My professional poker player". The book is about profile of some well known professional poker player, such as Doyle Brunson, Johnny Chan, Stu Ungar, etc.... The book bring out a good point, since casino is always having edge, and if someone have no reason to not gambler, why he choose a game which himself does not have edge? Why not he choose poker, which it seems fair to every participant, the only diff is only pro's and noob.
Let's me explain what my title exactly wanna bring out. Gambler, 赌徒，is someone, who gamble for fun, base on his luck. Sometimes, he might win, sometimes no. And the most important thing is, he himself do not know what is the reason he win or lose. Player, 玩家，is someone, who gamble, and gamble for their living. They are caution, not gamble base on emotion, but gamble for win, win the money for their living. They analyze, observe, calculate, counting card, trying their best to find an edge compare with others. They have good money management, cutting lose when chances of winning is low, double their bet while chance is high, acting, traping people to pour their money into them.
If you have chance to watch movie "Rounder", star by Mat Damon, a movie about a professional poker player. There is a scene, saying Mat Damon playing with Johnny Chan, and that guy, is the real Johnny Chan, 9 time world champion on Poker.
After reading this book, I think trading is also like gambling, but we can choose to be gambler or player. Trade for living is never easy, it is just as hard as gamble for living. It need smart mind, high discipline, well money management, etc. But I am so glad, seeing a frieng of mine, is moving toward it. He really have the discipline, and passion about trading. Go ahead, Lion. We can be a player in someday.
Monday, March 16, 2009
Sunday, March 15, 2009
写作文
最近又看了些痞子蔡的书，感觉他的书，风格差不多一样，不可以一次看太多，会闷。基本上，他的文笔真的很好，用很简单的文字，就能带出人们心里的感动。故事情节，也不会离现实生活太远，甚至有人怀疑，那根本就是他的故事。
从小就喜欢看书，基本上，看书应该是最便宜，又有益的娱乐。但是，我的文笔就很差。记得小学时，因为成绩还不错，所以老师就想叫我代表学校去参加写作比赛。但是，为了名正言顺，我也要先参加校内的作文比赛。不过，我落榜了，连安慰奖也拿不到。忘了题目是什么，只知道当时七龙珠非常火热，我的作文，也拿悟空，比克，达尔来做主角。可能写得太烂了，也可能老师不能接受这种写法，所以连安慰奖也没给我。
不过，老师还是破例，让我这个没名分的，去代表学校，可能老师觉得我在作文比赛，只是马失前蹄而已。结果，校际作文比赛，我还是没拿奖。可能那时造成的阴影，所以，我的作文一直都没写好。
中学时，有个机会去当星洲日报的学记。但是，却在已经被录取了的时候，临阵退缩。也忘了是给什么借口，总之就是没去。SPM试考的时候，还记得是个完成短文，大约是说，父母出去后，突然发生了。。。。我却当作哲学文章来写，说父母出去后，突然看到墙上的蚂蚁，然后就写从蚂蚁的行为，所领悟到的人生哲理。当然，老师又叫我去训话，说虽然完成短文可以自由发挥，但是我也写得太扯了吧。没办法，只好循着老师要求的去写，毕竟不要跟分数斗气。
长大了，什么都可以写。尤其是，博客风行的时候，大家都是小作家了。我也在自己的小部落客上，留留文章。也可以练练自己的文笔。还是欣赏痞子蔡那种，从简单文笔，所带出的细腻情感。觉得，我们的故事，肯定没有比它差，但是却很难写得比它好，比它更容易触动人心。
努力吧，小作家们。
从小就喜欢看书，基本上，看书应该是最便宜，又有益的娱乐。但是，我的文笔就很差。记得小学时，因为成绩还不错，所以老师就想叫我代表学校去参加写作比赛。但是，为了名正言顺，我也要先参加校内的作文比赛。不过，我落榜了，连安慰奖也拿不到。忘了题目是什么，只知道当时七龙珠非常火热，我的作文，也拿悟空，比克，达尔来做主角。可能写得太烂了，也可能老师不能接受这种写法，所以连安慰奖也没给我。
不过，老师还是破例，让我这个没名分的，去代表学校，可能老师觉得我在作文比赛，只是马失前蹄而已。结果，校际作文比赛，我还是没拿奖。可能那时造成的阴影，所以，我的作文一直都没写好。
中学时，有个机会去当星洲日报的学记。但是，却在已经被录取了的时候，临阵退缩。也忘了是给什么借口，总之就是没去。SPM试考的时候，还记得是个完成短文，大约是说，父母出去后，突然发生了。。。。我却当作哲学文章来写，说父母出去后，突然看到墙上的蚂蚁，然后就写从蚂蚁的行为，所领悟到的人生哲理。当然，老师又叫我去训话，说虽然完成短文可以自由发挥，但是我也写得太扯了吧。没办法，只好循着老师要求的去写，毕竟不要跟分数斗气。
长大了，什么都可以写。尤其是，博客风行的时候，大家都是小作家了。我也在自己的小部落客上，留留文章。也可以练练自己的文笔。还是欣赏痞子蔡那种，从简单文笔，所带出的细腻情感。觉得，我们的故事，肯定没有比它差，但是却很难写得比它好，比它更容易触动人心。
努力吧，小作家们。
Monday, March 2, 2009
When.........you just wanna do nothing,,,,,
Had you ever had such scenario? Wake up in the morning, even lazy to brush your teeth. Then you start to think what you should do in this lovely weekend, after a 5 days hard work. Can't think any? Finally decide to end up at watching movie, playing game whole day. Then hungry, go take lunch, come back, continue......hungry, go dinner, come back continue........Opps, forgot to take bath......take bath, continue......tired, go sleep. Sound like a life of zombie, living zombie...
Everyone had such experience before, just they might not playing game, or watching movie, but they are doing the same thing, something wasting their time, their life, their lovely life, especially at the time 20's, which is a energetic age.
This is a time, which is Chinese we call it, 自暴自弃. This normally happen, when someone start to think of, what is the meaning of his life, what is the thing he wanna achieve, what is he going to be......to many what, why, how.... Hence, he start to runaway from reality, taking his own sweet time at imaginary world, or just doing nothing.
But normally, after all, he will regret, for he doing nothing at the long weekend, and he start to curse himself, a negative feedback loop, which will bring it toward long deep deep hell. Finally, he will recover, everyone will recover, we are not able to live like zombie for long time. But the problem is, how long will you take to recover? And when u recover, are you answer your questions, and become more positive minded?
Here is what I do normally when I fall in such scenario. Reading is the most useful medicine for me. And talking to friend does help. Even though you won't share your problem to them, but simply talking can take away your bad mood. Doing some sport helped. The most important thing is, always make ourselves happy, then the good thing will come to u.
Everyone had such experience before, just they might not playing game, or watching movie, but they are doing the same thing, something wasting their time, their life, their lovely life, especially at the time 20's, which is a energetic age.
This is a time, which is Chinese we call it, 自暴自弃. This normally happen, when someone start to think of, what is the meaning of his life, what is the thing he wanna achieve, what is he going to be......to many what, why, how.... Hence, he start to runaway from reality, taking his own sweet time at imaginary world, or just doing nothing.
But normally, after all, he will regret, for he doing nothing at the long weekend, and he start to curse himself, a negative feedback loop, which will bring it toward long deep deep hell. Finally, he will recover, everyone will recover, we are not able to live like zombie for long time. But the problem is, how long will you take to recover? And when u recover, are you answer your questions, and become more positive minded?
Here is what I do normally when I fall in such scenario. Reading is the most useful medicine for me. And talking to friend does help. Even though you won't share your problem to them, but simply talking can take away your bad mood. Doing some sport helped. The most important thing is, always make ourselves happy, then the good thing will come to u.
Tuesday, February 10, 2009
The curious case of Benjamin Button
2009 Oscar best picture nominee, not sure will become best picture or not, I hope it will.
Story telling about Benjamin, who born physically old, and grew toward younger, on physical only.
I watch the movie twice, first time no have much feeling, maybe I am doing other things while watching movie, I always did this, for no wasting time only on watching movie. My job nature trained me to become a multitasking machine. But after this, I think I won't do it again, especially when watching a great movie.
用华语，会更加容易表达我的感受。
第二次看这部电影时，百感交集，真的不知道为什么第一次看的时候，那么冷血。主角从小就在一个养老院长大，身边都是来来去去的老人。他们入住的那一天，就知道，他们就是在等着那一天，每个人都会到达的一天。不同的人，会用不同的方法去过他们最后的日子。有些人，会尝试回忆他们辉煌的过去，有些人，就在吹捧着各自的故事。其实，我不知道，到底一个人老的时候，是需要孩子多一些，还是需要老朋友多一些。孩子不会有心情去听你牢骚，你只会一个人孤单得呆在家里。跟朋友谈天，虽然会快乐一些，但是你不知道他们有没有真心的听你说，还是只是你一厢情愿的吹水。如果是我，我应该会写回忆录吧，把自己一生，都写下来，毫无隐瞒，然后，带进棺材里。
老人朋友的离去，教会了主角，失去一个人的感受。新生代的我们，都活得很开心，很少经历失去一个重要的人的感受。“we made to lost people we loved, how else we know how important they are to us?" 说的真潇洒。想想都觉得可怕。你希望你的挚爱先你而去，还是看着你离去。我没有意见，毕竟这不是我们可以选择的。
主角决定去漫游世界，做他想要做的事。年龄困锁不了他。疯狂的船长教会他，没有人可以限制你的梦想。You are what you wanna be。船长死的时候，说了这句话。"you can swear and curse the faith, but when it comes to the end, you just have to let go"。Ya, we can only let go。
主角遇回儿时的玩伴，坠入爱河。可惜，一个慢慢变老，一个慢慢变年轻。注定不会开花结果的爱情。不过，当主角老死的时候，女主角还是陪着他，陪着一个新生婴孩。很有禅意的画面。
整个剧情，就是生活的点点滴滴，从中带出很有深意的感觉。导演成功把那种感觉营造出来。这不是一般导演可以做到的。不过，个人觉得，前提还是，看电影一定要专心，这样才会有FEEL。
Story telling about Benjamin, who born physically old, and grew toward younger, on physical only.
I watch the movie twice, first time no have much feeling, maybe I am doing other things while watching movie, I always did this, for no wasting time only on watching movie. My job nature trained me to become a multitasking machine. But after this, I think I won't do it again, especially when watching a great movie.
用华语，会更加容易表达我的感受。
第二次看这部电影时，百感交集，真的不知道为什么第一次看的时候，那么冷血。主角从小就在一个养老院长大，身边都是来来去去的老人。他们入住的那一天，就知道，他们就是在等着那一天，每个人都会到达的一天。不同的人，会用不同的方法去过他们最后的日子。有些人，会尝试回忆他们辉煌的过去，有些人，就在吹捧着各自的故事。其实，我不知道，到底一个人老的时候，是需要孩子多一些，还是需要老朋友多一些。孩子不会有心情去听你牢骚，你只会一个人孤单得呆在家里。跟朋友谈天，虽然会快乐一些，但是你不知道他们有没有真心的听你说，还是只是你一厢情愿的吹水。如果是我，我应该会写回忆录吧，把自己一生，都写下来，毫无隐瞒，然后，带进棺材里。
老人朋友的离去，教会了主角，失去一个人的感受。新生代的我们，都活得很开心，很少经历失去一个重要的人的感受。“we made to lost people we loved, how else we know how important they are to us?" 说的真潇洒。想想都觉得可怕。你希望你的挚爱先你而去，还是看着你离去。我没有意见，毕竟这不是我们可以选择的。
主角决定去漫游世界，做他想要做的事。年龄困锁不了他。疯狂的船长教会他，没有人可以限制你的梦想。You are what you wanna be。船长死的时候，说了这句话。"you can swear and curse the faith, but when it comes to the end, you just have to let go"。Ya, we can only let go。
主角遇回儿时的玩伴，坠入爱河。可惜，一个慢慢变老，一个慢慢变年轻。注定不会开花结果的爱情。不过，当主角老死的时候，女主角还是陪着他，陪着一个新生婴孩。很有禅意的画面。
整个剧情，就是生活的点点滴滴，从中带出很有深意的感觉。导演成功把那种感觉营造出来。这不是一般导演可以做到的。不过，个人觉得，前提还是，看电影一定要专心，这样才会有FEEL。
Wednesday, February 4, 2009
2009 CNY
CNY just end. When grow up, we will know how important CNY is, it is the only chance you can meet all your friend, who might be working around the world, and only CNY, you can meet them together, getting information about what other people are doing, instead of just living in our own small world.
The topics tend to change every year. 2007 CNY, some of them are still studying, while UTM grads start working. And those who still studying are so curious about the working life, ask about our wages, and we told them, truely, dun think it is something P&C. 2008 CNY, most of them working already, and the topic remain about the working life, wages. Still everyone still sharing all so call P&C information. Everyone is doing different thing, they envy us, we ency them. (你看我好，我看你好吧了）。2009CNY, economic crisis. people just sharing how bad their company are. And now, no people wanna ask wages already, it become P&C. Yes, when age grow, more and more thing become P&C.
2009 CNY hot topic is about weeding. A lot of friend, especially those are financial affordable, will marry today. Ya, everyone is talking about this, and putting more and more pressure on the peer, especially for those who haven't have a stable relationship.
For a standard middle class, basic requirement is need a house and a car. But for normal people, they will not able to buy a house and a car before 28. Even if they do so, their burden will be very heavy, and hence they cannot grab new oppurtunity if it arise.
How if, marry without a own house? Ya, of course we can do this. After marry, still rent a house, and live normal. But ideally, people tend to have a new house, then get marry, furnish the house, the room, and start a brand new life. One of m friend said, "why need to marry, if you dun want to give birth a baby?". I have no comment on this. Let have best wishes for all the couple who is going to marry this year.
The topics tend to change every year. 2007 CNY, some of them are still studying, while UTM grads start working. And those who still studying are so curious about the working life, ask about our wages, and we told them, truely, dun think it is something P&C. 2008 CNY, most of them working already, and the topic remain about the working life, wages. Still everyone still sharing all so call P&C information. Everyone is doing different thing, they envy us, we ency them. (你看我好，我看你好吧了）。2009CNY, economic crisis. people just sharing how bad their company are. And now, no people wanna ask wages already, it become P&C. Yes, when age grow, more and more thing become P&C.
2009 CNY hot topic is about weeding. A lot of friend, especially those are financial affordable, will marry today. Ya, everyone is talking about this, and putting more and more pressure on the peer, especially for those who haven't have a stable relationship.
For a standard middle class, basic requirement is need a house and a car. But for normal people, they will not able to buy a house and a car before 28. Even if they do so, their burden will be very heavy, and hence they cannot grab new oppurtunity if it arise.
How if, marry without a own house? Ya, of course we can do this. After marry, still rent a house, and live normal. But ideally, people tend to have a new house, then get marry, furnish the house, the room, and start a brand new life. One of m friend said, "why need to marry, if you dun want to give birth a baby?". I have no comment on this. Let have best wishes for all the couple who is going to marry this year.
Sunday, January 11, 2009
Rule must followed
This is the rule which I will follow in my future trading. Pay for these lessons on 2008. Most of the trade turn up into big lost, due to I do not apply these rules.
1. Use stop lost. Must think of the cost of lost, before thinking of how much can earn.
2. Never counter trend. Trying to pick up at bottom is dangerous, because we never know where is the bottom.
3. Be confident, follow your plan. Don't ever being defeat by our greed and fear.
This is the 2 lessons I learn from my trading fault. Everyone know that, but once you wish to apply, it is damn hard.
1. Use stop lost. Must think of the cost of lost, before thinking of how much can earn.
2. Never counter trend. Trying to pick up at bottom is dangerous, because we never know where is the bottom.
3. Be confident, follow your plan. Don't ever being defeat by our greed and fear.
This is the 2 lessons I learn from my trading fault. Everyone know that, but once you wish to apply, it is damn hard.
Wednesday, January 7, 2009
Good Bye 2008
Really have a bad year on 2008, which I should not have. Let's conclude 2008 my US stock journey.
Early 2008, start setting up Bear Call Spread on SPY, which give me 10-20% each month. However, I do buy some options, which wipe out my profit slowly.
My option strategy vary in whole year. At first, I do screen base on STS. Earn and lost, earn and lost, end up lost a bit. A big lost occur during I trade MRO, due to did not cut lost. Then I change the strategy to guessing earning call. I really have no talent on this strategy, end up mostly lost trade. Earn more than 150% at MUR, and 450% at NOV. But all my earning lost in DRYS, which end up worthless.
My portfolio almost empty at this point, pump in fresh money. Again same, earn on credit spread, lost in normal options. Market drop after Lehman brother fail, drop for 7 days consecusly, and I jump in on 3rd day, buy AIG, C and DRYS.
C nearly collapse on Nov, which drag my money in more. I write C put options. After rebounding with US government injection, I decide to pull out all, to avoid putting too much of my portfolio into risk.
Conclude result for 2008, lost 41% of my portfolio. No more any open position.
Early 2008, start setting up Bear Call Spread on SPY, which give me 10-20% each month. However, I do buy some options, which wipe out my profit slowly.
My option strategy vary in whole year. At first, I do screen base on STS. Earn and lost, earn and lost, end up lost a bit. A big lost occur during I trade MRO, due to did not cut lost. Then I change the strategy to guessing earning call. I really have no talent on this strategy, end up mostly lost trade. Earn more than 150% at MUR, and 450% at NOV. But all my earning lost in DRYS, which end up worthless.
My portfolio almost empty at this point, pump in fresh money. Again same, earn on credit spread, lost in normal options. Market drop after Lehman brother fail, drop for 7 days consecusly, and I jump in on 3rd day, buy AIG, C and DRYS.
C nearly collapse on Nov, which drag my money in more. I write C put options. After rebounding with US government injection, I decide to pull out all, to avoid putting too much of my portfolio into risk.
Conclude result for 2008, lost 41% of my portfolio. No more any open position.
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