Disqus - Latest Comments for Tarigal

Re: Bargaining

Tarigal — Sun, 23 Dec 2012 16:00:31 -0000

thanks Eginngan, I haven't posted here in quite a while, its good to know people are still getting some value out of these writings.
Lucas

Re: Close the Door, Open the Window

Tarigal — Thu, 11 Nov 2010 00:03:41 -0000

ha, I'll write something up. I have that nascar job starting tomorrow, ill put something up when i get a chance

Re: Close the Door, Open the Window

Tarigal — Fri, 05 Nov 2010 00:35:22 -0000

I had forgotten this quote. Thank you so much, it really spoke to me

Re: Things Change

Tarigal — Mon, 01 Nov 2010 11:11:20 -0000

its the joke of the last couple millennium, thats for sure

Re: Death

Tarigal — Mon, 25 Oct 2010 15:13:31 -0000

thank you very much,

on second thought, I will probably take the rest of this week off

Re: Nuggets From A Great Book

Tarigal — Wed, 13 Oct 2010 09:57:25 -0000

same guy who wrote The Art of The Trade, Jason Alan Jankovsky. An amazing author, he's got three books and those are from his newest one. I like the last one as well, but the one that really spoke to me was the smallest group of people one who control the largest size. That point was obvious, but it just kind of hit me how much we have to follow those titans if we expect to profit

Re: “Nothing” To See Here Folks

Tarigal — Thu, 16 Sep 2010 20:38:58 -0000

I appreciate you posting DTF, its good to have friends on this journey of ours that understand the lows as well as the highs

Re: “Nothing” To See Here Folks

Tarigal — Thu, 16 Sep 2010 20:38:20 -0000

Thank you for this post Foz. I suppose I should add an addendum to that final line: If I am honest with myself, that is the biggest emotional point of them all: at the end of all this work, I will have nothing at all that really matters that I didn't have in the first place.

Oh and also what I replied to DTF's comment applies here as well

Re: A Nudge In The Right Direction

Tarigal — Tue, 07 Sep 2010 22:00:52 -0000

Thanks for the great comment Benn, and it doesn't make me feel better at all to know of your own losses. :)

Appreciate you stopping by.

Re: It’s Not A Grind…It’s Dancing

Tarigal — Tue, 31 Aug 2010 21:58:41 -0000

Haha. Well, I am even with my firm. However, I would have to make probably 10k to be even from the entire 4 years or so I have been trading, who knows when I will get to that point. Don't break out the champagne just yet, but thank you.

Re: Do The Emotional Work (Long Post)

Tarigal — Tue, 24 Aug 2010 23:01:03 -0000

haha, I rotate, so I don't ruin any. I am an efficient rager.

Re: A Challenge: To Play

Tarigal — Thu, 12 Aug 2010 10:50:56 -0000

thanks man. Progress is a funny thing. Sometimes I feel like it doesn't exist, and then I see it after the fact. Like I said the other day, sometimes crawling, sometimes running, but always going in the same direction

Re: Emotional Matrix Ver. 1

Tarigal — Tue, 03 Aug 2010 22:04:23 -0000

yes indeed! Have you? What do you think?

Re: Stories (New Lesson!)

Tarigal — Tue, 13 Jul 2010 12:17:26 -0000

Ya know, I think we are making our way back to that simple "buy here, sell here," just have some untruths to root out first.

Re: Short Covering Rally Surprise (Tomorrow)!

Tarigal — Fri, 02 Jul 2010 08:50:57 -0000

Yeah, I lost about 1/3 of my morning PnL. I find I do not regret it so long as the trades I take are high probability.

Re: No Plan!

Tarigal — Thu, 24 Jun 2010 20:35:40 -0000

Thanks man, I really appreciate that. See you in the room tomorrow, make sure you stop by!

Re: How Do Hermits Trade? (long but good!)

Tarigal — Tue, 22 Jun 2010 08:46:05 -0000

Yeah my stop was in the .50-.53 area, so I violated it.

Re: Emotional Discipline(Very Important)

Tarigal — Fri, 28 May 2010 08:59:40 -0000

Damn good comment man. I was lucky in this business when I started out. For whatever reason, this thought was put into my head early that said "No matter what happens, just survive." I never tried to make a living on trading, I always just wanted to be GOOD at it. So I would swing trade and risk 25-50 bucks at a time, or even less. I would lose constantly, literally no winning trades, for months and months and months. But in the back of my mind, I just knew I could keep going, that I could keep trading at this rate forever if need be. So maybe that is the key? Do not try to make a living off it? I don't know. It seems you can't lay down a step by step way to survive because of how different people's life experiences are. I didn't have kids or a family to deal with, which made some aspects easier. You could probably sum up this entire blog easily into one line for newbies: "don't ever quit." hehe.

I enjoy reading your posts, while I don't always comment, I read every chance I get. I really enjoy hearing about your trials and tribulations, and your successes.

Lucas

Re: Do You Label Constantly?

Tarigal — Fri, 21 May 2010 09:36:30 -0000

oh snap nice buy! tell me how it runs

Re: Successful Afterglow

Tarigal — Fri, 14 May 2010 22:40:41 -0000

Yeah that is the tough thing about days like today, eventually you WILL sell the bottom. However if you do it correctly, you get in on every momentum up to that point. It sounds a bit like walking the plank huh?

Re: Go With The Flow

Tarigal — Fri, 14 May 2010 12:24:55 -0000

Yeah I love to swim, try to get in at least four times a week, keeps me a bit more balanced that's for sure. You are so right when you mention "fun." It seems to me that most trading psych gurus focus completely on "rules" and "discipline." However most do not realize that if you are having fun trading, you are successful! Fun is free, open, and playful. I know from my own experience that I trade the absolute BEST when I am in that state of mind, don't you?

I think many people probably assign the market the role of authority figure, I know I definitely have. We treat it like our mom or dad, and we have to toe the line OR ELSE! haha. Do we really want life to be that way? I am not so sure I do. The market, like we have all heard, is a mirror, and it will be anything we want it to be. If you want playful and fun, and who wouldn't right, you can create that.

Tough day today for me emotionally. I'll have a long write up on it later, I can't wait to read about your day on your blog. Peace!

Re: Judgment Call

Tarigal — Thu, 13 May 2010 09:06:47 -0000

Dang! That is awesome. I guess we all enjoy waking up before the sun comes up everyday? I helped design the website, but a buddy of mine did most of the coding, etc (I was artistic advice, not technical layout hehe). My Skype user name is Tarigal (or you can try Lucas Trengove), message me and we can all have a little room to bounce ideas around throughout the day.

Re: Judgment Call

Tarigal — Wed, 12 May 2010 09:18:39 -0000

Hey man, thanks for stopping by. So with Keystone, it cost around 8k to trade with them for a year. However that money is not refundable, it is "tuition cost," and then they let you trade their money. They let me make monthly payments, so for me this made sense. I just graduated college, so I did not have the cash laying around to be a day trader. They give you 80% profits and you pay 2$ per thousand shares commission. They had a mentor program that lasted a couple months, and then there is a mentor room I join every day.

For stocks, they restrict you to ten stocks so that you can become a specialist on those stocks. We do not trade the big boys like AAPL, GS, etc. Usually we trade the mid price range, highly liquid, generic names. Basically you trade the small guys until you prove profitability consistently. For example my list is IAG, STX, AKS, M, ACI, MGM, WFC, HIG, SBUX, and CHK. There are obviously some more volatile plays you can put into your list (the Master List is like 60 stocks), but I chose those. I am trading from my house, I am in Phoenix around 16th and Glendale.

Where in Tempe are you? I used to live on University and Roosevelt when I went to ASU. Shoot me an email at ltarigal@gmail.com

Re: Do You Worry About Right vs. Wrong?

Tarigal — Sat, 10 Apr 2010 14:59:23 -0000

thanks George! You had a great week from my viewpoint, and I was lucky to share in that experience. Lets tear it up next week

Re: Do you have a plan you can count on for Monday?

Tarigal — Mon, 29 Mar 2010 09:16:27 -0000

I think it was Keynes who said that in a Beauty Pageant, it is not the prettiest girl that wins, but the girl that the judges thinks is the prettiest that wins: a subtle distinction. Those times of the month you mention usually have expectation built into them of some kind. For example, people usually expect triple and quad witching expiry to have an up bias to it because of the nature of the arb position unwinds. Yet this last triple witching actually fell Thursday and Friday. All you can say about "significant times of the month" (that kind of sounds dirty!) is that trader expectations are high. This usually provides some kind of opportunity for those who have built up a mental repertoire of these experiences. You will definitely see me making some posts on how i think these days are setting up in the future. Thank you for reading.