Tharp Trader Test

Spontaneous Trader

You are probably enthusiastic, warm and quite imaginative. You see life as being full of possibilities. In addition, you are able to quickly make connections between events and the information to which you are exposed and then make quick decisions. This quality can be good as a trader, but you also need to be very careful because you only have one of the three qualities that we find in the best traders.

You have the initiative to start ideas and projects and can usually succeed in any endeavor that you find interest in; but sometimes you have a problem with follow through or completion. Your enthusiasm encourages others to get involved in your projects; however this has no real bearing on trading. You should make it a practice to regularly check in with your values, center yourself on what you believe, and then make sure you are living on purpose. Doing so will help you tremendously with the discipline required for trading success.

You tend to want a lot of affirmation from others that you are not likely to find in the trading arena. You also like to give others appreciation and support and you are not likely to find people who want that in the trading arena. You are spontaneous and flexible, using your ability to improvise when needed. However, this is seldom called upon in the trading world in which your actions need to be preplanned and quite deliberate.

Details may seem trivial to you, because you tend to focus on possibilities. Thus, it would be easy for you to see the possibilities in trading success, but difficult to develop the plan that it takes to follow through with your vision. As a result, you may tend to struggle with certain aspects of trading/investing. In addition, you may also tend to take on too much risk before you are prepared to do so. As a result, you need to thoroughly understand the concept of position sizing and its ramifications before you enter into the world of trading.

Trading Strengths

Enthusiasm and a willingness to take action; you probably don’t have a problem with pulling the trigger or trying new trading systems.
You can easily trade a new system comfortably using real money and small position sizing.
If you understand low risk trading ideas then you should be able to trade quickly and easily. Although this is a great strength, if you don’t understand the importance of position sizing, then it could be fatal.

Trading Challenges

Discipline, follow through and attention to detail will always be challenges, and you need to find ways to achieve these that are automatic, scheduled and regular.
You are easily influenced by external sources which means you need approval from others to feel good about yourself rather than being able to trust objective data (this is probably why you want a mentor).
Because you get excited about new things, and like to share often, you can easily get distracted from something that works.
Good trading is boring, therefore you will need other external ways of fulfilling your need for excitement.

Wanna find out what kind of Trader you are? Take the Tharp Trader Test here.

Juno

Caught Juno over the weekend. Its really nice if you like watching Indie flicks like Superbad, Thank You For Smoking and Eternal Sunshine of the Spotless Mind. Very heart-warming dramedy. And the soundtrack is so nice that I'm so gonna buy it.

Catch the trailer here.

My fish tank also arrived! And now its filled with sand, 10 guppies, lotsa shrimp, and Hydrillas! I'll slowly let them grow and then I'll add other nicer looking plants and Tetras to join my water garden. Have to get a carbon dioxide producer from C328 soon. It is a damn good thing that Pasir Ris Farmway is only two highway exits from my place because it sells an awesome lot of cheap fish stuff!!!

We also went to Lower Pierce reservoir to catch snails, shrimps and tiny fishes too!

Oh and I've got this song from the movie totally stuck in my head all day. Its call Anyone Else But You by the Moldy Peaches and if you have it in MP3, talk to me please!

Dong Dong Dong Qiang

Its been a hectic CNY!

Reunion was spent at Long Beach East Coast with the family. Had a sumptuous dinner there.

Chu 1 started with going back home to bai nian, followed by going up to tai pak pak's place where the relatives gathered. Not the most exciting but festive nonetheless. The wifey was almost bored to bits, as were we. But we had another sumptuous dinner at Long Beach East Coast yet again (this time it was the main branch)! Dinner was with gu gu and her son and his wifey. The dinner was more spectacular.

Chu 2 started with heading to the wifey's parent's home. Shortly afterthat we shipped them to our home at Sengkang and decided to prepare dinner for them! Actually it was only a maggie mee dinner with crabmeat and pork balls, coupled with yu sheng. Still it was a huge success and everyone was happy. The brother-in-law and his wifey also joined. Further on at night we waited for Xiaohui and boyfriend to join us for mahjong at our place. Played till damn late, highlighted at first by the wifey's auspicious waiting of a final card that was already fully used up by herself in a kong. Ting zi ji de si pai (wait for her own dead card). Secondly was Xiaohui's two time za hu (wrong win). The first time her boyfriend told her she couldn't game with the cards she had, she went to do it yet again. But being the magnanimous folks we are, we asked her to keep her cards backs.

Chu 3 was at Bock Lian's home. We were worried that the turnout would be really bad, but it became overwhelming when we got there. We had us 2 plus Bock Lian, Leon, Shujun, Guoxin, Yiling (Guoxin's gf), Shumei, Roy, Zhiqi, Mingxi, Gladys, Alex (Gladys's bf). Had lotsa fun playing the Wii and then Blackjack after that. We then had to leave early to get to Joy's place for potluck dinner. Luckily it was in nearby Pasir Ris. Turnout was also better than expected, Joy and Bryan's parents and themselves whipped up a slurpalicious dinner for us all. We had us 2, Joy, Bryan, Jinde, Tsen Yeow, Conghui, Yushuang, Yushuang's bf, Chewyan, Mike (Chewyan's husband), Laetitia (Chewyan's daughter), Junming, Daniel. Next JC gathering will probably be at our home for housewarming.

Chu 4 was a relaxed day for me. The wifey is with her JC friends at Bock Lian's place again while I've got no program. Drove all the way down to Qian Hu fishfarm and ended up buying a full 4ft tank set with stand, filter, pump, lighting etc. Taking delivery next week or so. So exciting!

Thats about it for my CNY update.

:)

Happy Chinese New Year To All!

Here's wishing everyone good health, wealth and prosperity in the year of the Rat!

Just had a sumptuous reunion dinner at Long Beach Seafood at East Coast!

Housework

Been slogging since morning catching up with housework.

I'm tired.