A Plan to Restore the “Xanga Style” Community on “Free” WordPress

(Note: This is a “Pinned Blog” – newer blogs below this one)

Soullfire is Bringing Sexy Community Back ** Former Xangans – Like and Reblog if you support this idea ** It’s been close to a month OVER SIX MONTHS A YEAR TWO YEARS since Xanga has launched it’s “updated” “Xanga 2.0”, driven with the WordPress engine, and it’s still operating well below the “free” WordPress state. The “community” that was, disappeared with the end of Xanga 1.0 with the loss of free blogging, along with all of “1.0’s” community centric features like having a front page, ring groups, and general areas where users could find each other and congregate. Xanga has given no updates – so no one over there knows how long the “non community” condition will last. Many former Xangans like myself have moved their general blogging over to “free” WordPress but are also feeling a general loss of overall community that “Xanga 1.0” had. After using my WordPress site more often, I realized that it has certain features that will allow the former Xanga community to reconnect.  The answer lies in the “Reader” section, which is accessed by the top menu bar: Top_WP_menu In the Reader section, on the right hand side, there’s a “Topics” exploration search column underneath “Find Friends”: Side_WP_menu The topics search works by searching all the “Tag” keywords put in a blog and displays the blogs that have a match. Below shows an example of the Tag area in a new blog: blog_WP_menu Tag words go on the bottom line separated by commas. So once you’ve published a blog with certain tag words, it can be searched by others using the “Topics” search function. Now here’s where the Xanga community restoration comes into the picture. All that’s needed are some common “key words” used as tags that will allow users to find posts by former Xangans. Searching on a particular keyword will be similar to using the Xanga “Blog Rings” to find a group of posts related to a similar interest. Okay, to set this up, Xangans need to do the following: Post a blog stating what your Xanga name was and what your current name is now. In this blog use the tag word “ID_Xanga“. This will let people search for other former Xanga users using “ID_Xanga” as well as identify the Xangans who have changed their usernames. The beauty of this is it will only pull up the blogs that use this tag, so you will have an exclusive Xanga search feature. Next, when blogging, include the tag word “FreeXanga“. This will allow folks to find the latest blogs of former Xangans. Following this format, we can now use keywords to group blogs by interest or subject, just like the former “Xanga 1.0” Blog Ring or “Ish” sites. I’ve created a few tag words to get us started: QOTD_Xan  – Use this tag word to post with a question of the day Dollarish_Xan – Use this tag word to post with a money/savings/economic blog Politicish_Xan – Use this tag to post with a political related blog Rant_Xan – Use this tag to post with a rant type of blog Drama_Xan – Use this tag for drama blogs – for the drama lovers, haha. =) Townhall_Xan – Use this tag for general community info. This would be the tag to use when introducing new tag words to create a new search group. FreeXanga – Use this tag in all your blogs to make them “Xangan” searchable. I added “Xan” to the tag word topics to make it unique to Xangans, and it provides the general format for creating new search terms/groups. “ID_Xanga” need only to be used once for identification and to create a search list. I think this should work to help restore the “Xanga 1.0” style of community on WP, with the super bonus of now having a new world of people available to meet as well! Note: The max number of searchable tag words is 9, so don’t add too many tags words to your blog. ** Like and Reblog this and pass the word around if you support this idea – the “FREE” solution to bringing back community “Xanga 1.0” style! =)  **

Trading 101: The Key Ingredient to Sustained Success is Failure

My trading style uses fairly tight stop loss settings, which demands that my entries be pretty accurate with a small margin of error. In some trading circles, this would be seen as being “amateurish” for not allowing your trade to have breathing room to deal with the range of market volatility. Of course, most of those same trading circles view the market as mostly random in the short term that must be met with a ball park entry with a wide stop loss.

I used to trade with wide stop loss settings, or threw caution to the wind with “mental stops” rather than actual programmed stops. The market can gyrate so much that it’s an easy habit to get into. The market rarely moves in a straight line and can drift back and forth before making a definitive move in a particular direction. When stops are tight, it’s easy for price to move just enough against you to trip the stop loss before moving in the anticipated direction. This often happens enough to be a common frustrating experience among traders.

Using wide stops gives you more leeway when in a trade, but that also means your losses will be greater when they are tripped. Of course some traders don’t use stops at all- as that guarantees you will never be whipsawed out of a trade, but that also leaves you without protection if the market makes a big move against your position.

Not using stops is high risk, yet most traders including myself have engaged in such behavior due to the frustrations of getting whipsawed out of trades that would have eventually worked. But eventually the Grim “Stopless” Reaper cometh and will make you pay for not using stops. Eventually one learns to incorporate hard exits via stops, or the market will do it for you with severe losses that can blow out your account.

Over time I’ve learned that while using stops can be frustrating, and using tight stops VERY frustrating, it forces you to really focus on your trading system to find ways of improvement. Typically when a trade is entered that doesn’t work out, it’s one of three things:

  1. System is correct, but market had a random spike/dip due to some late breaking news.
  2. System is correct but the application of system was wrong.
  3. System has flaws that need to be worked out.

Out of most events encountered, #1, is VERY rare, while #2 is more common and #3 is typically the most common. One could say that #2 is a subset of #3 since proper execution is also part of the system.

I’ve been working on precision trading, where one can trade the daily battle between resistance and support with a fair amount of accuracy so as to not need to use wide area stops. Using tight stops and the ensuing failed trades and frustrations that resulted were actually great motivation in improving my trading system.

I find that my post trade analysis of failed trades have been responsible for the bulk of my trading system evolution. Preparation and planning can only go so far but I seem to be able to pick up so many more fine details of what went right and wrong when the analysis is done right after the trade is finished- likely because my plan is fresh in memory so it’s easier to pinpoint the aberrations. It’s a great feeling to spot a problem that was previous missed that when fixed, improves the accuracy of my system.

It’s a lesson I like to forget – that failure is a part of progress, since it opens the window for improvement. To get the best out of failing, it helps tremendously to have a clear and concise system trading plan that you can back track step by step to see what went wrong as well as what went right. A big mistake I’ve seen other traders make is “winging” trade entries in real time without a clear plan of specific entry and exit strategy. The point of system trading is the eliminating of seat of your pants “ad lib” style trading.

 

 

 

NY Times Caught Red Handed Editing Released Article on Bernie Sanders to Convert it from Laudatory to “Hit Piece”

This election cycle has never been clearer in showing just how much the mainstream media works in projecting their own bias against threats to the status quo. Trump from the beginning was continually put in a negative light and written off as non serious no matter what the polls showed about his sustained popularity, and they finally had to change course once he started winning elections.

For, Bernie Sanders, the treatment has been one of largely being ignored compared to the attention given to the other major candidates running such as Clinton, Bush, Cruz, Trump, Rubio, etc..

Like Trump, many of the articles that did feature Sanders were cast in a negative light favoring Clinton over him. The Washington Post was caught running a marathon string of negative articles against Sanders – 16 of them in 16 hours.

The most recent egregious example of another so-called established and principled source, the NY Times, got caught making changes to an article they had already released that was so significant to change the tone of the article from a positive to negative/dismissive. What’s worse, they left no “editorial updates” or revisions to let people know a change had been made- just significantly changing an article that had already been released on the fly, as if they were “motivated” to make these “corrections” after the fact.

Did they not think they wouldn’t be called out on this, which certainly appears to be driven by partisan politics? The NY Times is claiming no wrongdoing, but even their public editor, Margaret Sullivan, disagrees.

 

And yet another stake is driven through the heart of the belief of an unbiased “Fourth Estate” that is supposed to serve the public interest.

 

Links to all the info:

http://publiceditor.blogs.nytimes.com/2016/03/17/new-york-times-bernie-sanders-coverage-public-editor/?ref=topics&_r=1

http://www.mediaite.com/print/ny-times-public-editor-chastises-paper-for-stealth-editing-bernie-sanders-piece/

https://www.rollingstone.com/politics/news/how-the-new-york-times-sandbagged-bernie-sanders-20160315

 

 

 

 

Senator Warren Calls Out The GOP SCOTUS Nomination Blockade

The GOP is taking their opposition to Obama to new heights with the decision to not hold any hearings for a Supreme Court nomination. Senate Majority Leader Mitch McConnell and Senate Judiciary Chairman Chuck Grassley are united in their stance to not hold any hearings until a new President is elected.

Some Republicans have attempted to argue that this type of blocking has been done in the past, but in reality this has never been done to a sitting president with close to a year left in office.

What this action does is basically nullify a President’s FULL last year in office, which is a subversion of the will of the people as well as the Constitution in the name of political gaming.

If this action is allowed to stand, it will set a new dark precedent in obstruction when it comes to mixed government. Every two years a “stunt” like this could be pulled  by either side with claims that major appointments and bills should be ignored until the election cycle is over. Our already hobbled government would function even worse than ever before.

It’s understandable why the GOP wants to avoid the nomination process- it poses high risk for GOP Senators in purple States if they vote against qualified candidates for no good reason. Meanwhile, their fellow Senators in hard-right leaning States fear getting the boot if they approve any pick from Obama. Those are indeed tough prospects to face, but it’s no excuse to just stop doing their job. All elections have consequences and one can’t just go on a work strike because the election results were not favorable.

 

Senator Elizabeth Warren provides her own scathing commentary on the damages of continued GOP obstruction:

 

 

Entrepreneurship vs Workaholism vs Obsession

 

I was reading an article today on a woman who was putting in 100+ hour weeks by working at both her corporate and entrepreneurial job she is developing.  What I found highly surprising was what was being said by so many in the comments section.

Many were highly dubious of anyone working those kinds of hours. Others were critical of anyone putting in so much time for work as opposed to a better work-life balance. It was clear that a big segment of the population is unaware of what it normally takes to successfully start a business.

I never realized so many people have no idea of what it can take to achieve financial independence via self employment. There is a saying that entrepreneurs are folks who would rather work 100 hours/week for themselves rather than 40 hours/week for someone else. Now that saying taken literally may appear to make these folks seem like workaholics or just obsessed, but for the vast majority of entrepreneurs, the plan isn’t to continue at that level indefinitely. New businesses typically require lots of front end time to get them to a level where one can live off the profits. People forget that the self employed have no admin support staff to take care of the mundane tasks in addition to all the major work required to move forward. They are a one stop shop of having to take care of everything which includes business planning, meeting with prospective clients, advertising, networking, handling all associated business/regulatory paperwork, budgeting, etc…, and all this alongside producing their main product or service.

Now factor in the reality that new businesses operate in the red for the first few years until they grow to be self sustaining (if ever), and that you have a limited budget. You now have a deadline to get the business to a net positive self sustaining cash flow before you run out of funds. This is the prime driver/motivation behind putting in all those hours to move the business along.

Of course the long term goal is to be able to scale back on hours needed once the business reaches a certain profit level, and the financial freedom that comes with it. The potential of having a world of financial options open up as well as self-empowerment/fulfillment are some of the rewards that make the initial work-crush worthwhile.

Many of the self employed wealthy who started from modest means have a backstory of having to work “insane” hours at the start of their business. It’s not about being a workaholic, or being obsessed with work or money, although it may be for some.  A successful business can provide a level of personal as well as financial independence and security that can be extremely hard to obtain in a salaried job. This is even more true in the current economic environment of high paying jobs being lost to overseas labor as well as advances in automation technology.

 

2016 Already? New Year Delayed Updates

There’s a reason for a absence of blog activity. Shortly after the year started, I managed to catch some “bug” that’s been going around the area. This caught me off guard since it’s been years since I’ve caught a cold in Cali.

This put a monkey wrench in activity this month with having little energy for anything – although I did muster the strength to get some lottery tix for that $1.6 billion jackpot.

Thanks to the new tech advancements of special cameras and time lapse photography I was able to capture the area of initial infection as the virus entered the body, and the corresponding battle with a the body’s fighter cells:

 

Now I’m in catch-up mode, but blogging will be resuming shortly.

 

Man Engages in High Risk Shorting, Loses His Shirt, makes a “Go Fund Me” Page to Recoup Loss

A tale of woe and caution against excessive risk taking.

Most traders/investors are well acquainted with the warnings against shorting stocks, and many choose not to do so. Those that do, should obviously employ judicious risk management, which seems to be MIA in this case.

Before I provide the link to the story- here’s a primer of some of the dos and don’ts of short selling that were not heeded:

  1. Avoid penny stocks
  2. Don’t short in the hole
  3. Don’t over leverage
  4. Overnight positions carry much more risk
  5. Respect the market

 

Explanations:

 

  1. Penny stocks- stocks that are very low in value such as a few bucks or less are typically pretty volatile as they are avoided by institutional buyers and therefore typically lack volume and is subject to being manipulated by buying/selling spikes. Risky to be long, but much risker to be short since gains are limited as the stock is already near the floor.
  2. This refers to shorting a stock after it has already dropped precipitously. Much higher risk of a reversal move at this point.
  3. One can typically buy on margin, meaning the brokerage will loan you money based on the amount in your account. In order to short you must be on margin as you are selling stock you don’t own and must repurchase. As such, taking on too many shares can result in being over leveraged and at risk for bigger losses. People sometimes forget that leverage works two ways, but they only focus on the potential  gains rather than losses.
  4. Once the market closes, anything can happen news wise that can affect the price of the stock. Day trading minimizes risk of exposure by having positions closed at the end of the day. A good rule of thumb is market = risk, so shorting overnight = more risk.
  5. The market has more firepower than your account by a wide margin and can vaporize it if you allow it to. As such, you have to manage risk.

 

So what did this guy do:

He shorted over 5700 shares of a penny stock at $2, thinking it would go to $0, and left it on past the market trading session.

……and this is what ensued:

 

http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19

 

 

Trading Chart Analysis Enlightenment – Achievement Unlocked!

enlightenment

 

I’ve once again fallen behind providing updates on my trading, but events that occurred this week provided my most significant milestone to date.

When it comes to investments and trading, my main tool of the trade is chart analysis, that is analyzing price and volume movements over time as an indicator of future market moves. As prices tend to be pretty volatile and jumpy, trying to see the order in the seeming chaos is no easy task. Like looking at cloud formations, it’s easy to see what you “want” to see rather than what is actually happening.

So my focus over the months and years was to develop a system approach to interpreting prices moves, which are a collection of reactions of support (buying) and resistance (selling).

Going back in time to my banner year in 2012, I had a great intuitive feel for market price movement using trendline analysis, but over time lost that intuitive focus the following year. This is the problem with just using intuition or gut instincts- they come from the sub conscious and as such can be elusive to hold on to since you can’t evaluate on a conscious level. One is basically doing things without knowing the details of how and why certain actions are taking place.  My focus then shifted into making that intuitive subconscious knowledge into conscious knowledge.

Last year I made a big discovery that helped me lock in some conscious mapping of resistance and support price action and improved trendline drawing and analysis. This helped immensely with helping to refine my system to make it a better predictor of future price action. My last posted performance results were the fruit of that work.

Despite the major progress, there was still one significant problem- while I had developed a system of chart trendline analysis to predict moves, I couldn’t explain the action it was doing. I could tell where the price was going to go by chart constructs, buy it didn’t make sense to me logically. So I would place trades that my analysis told me would succeed, but I felt would fail, because the movement didn’t “look” right. The trades succeeded, but that disconnect between my trendline analysis and intuition eventually led to problems and my search for more clarity.

More grind work and chart analysis R&D ensued with a healthy amount of trial and error over the next several weeks which culminated in yet a new breakthrough discovery this week.

The discovery came as I was analyzing my failed trades after market – which is where most of my big breakthroughs occur. I realized that my assumptions made for constructing trendlines were not all correct. In some cases the rules of behavior I had made were incorrect. In other cases, the rules were correct, but my application of them was off.

I did some recalibrating, refining, and adjusting of my trendlines and price behavior assumptions when a new level of enlightenment started seeping in. I was now able to do chart analysis that perfectly captured price moves based on support and resistance. The key difference with this new modified analysis was that I now understood the market movement and there was no longer a disconnect between my intuition and analysis.

I could now look back on the market moves of 2012 and understand the behavior by both intuition and reason, which is what I did when I tested my new understanding on past years data to verify consistency.

Long story short, I’m as about as close to achieving the holy grail of creating a system of both high precision and high probability trades as I think I will get.

Now as usual, I write this ahead of fully implementing my system as this discovery is hot off the press. I also know that seasoned traders would take what I said with a grain of salt as we’ve all heard bold claims before on trading forums that came up short. Performance results going forward will show the reality. But I’m stating my discovery and assessment now because that’s how confident I am based on back testing and preliminary results.

 

 

 

Back to the Future Day – The Future has Arrived!

bttf2-main

The movie time setting was “1985”, and  “future” date the Doc and Marty went to visit was “October 21, 2015”.

Back to the future

 

That date has finally arrived!

Back to the Future II was released in 1989, and many movie theaters are celebrating with a special showing of the film today only.

Hmm, the future doesn’t look quite like it was imagined all those years ago. Where are the flying cars?? Here are the hits and misses: