Happy Birthday, Julia!
March 08, 2010
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My baby is 2 years old today. I love her soooo much. She is the joy of my life, my everything.
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But I know making this post just about my daughter wouldn't be fair. This is an investing related site.
So here is the investing part.
Believe it or not (I myself still can't believe it), I think my 2-year-old helped me improve my chart reading skills. I'm not kidding.
I know it will sound ridiculous what I'm about to tell you, but I thought I have to share this with you.
I'm a TA guy. When it comes to picking stocks, I use no fundamental analysis whatsoever. All my RL investing and my CAPS picks are solely based on my "chart-eyeballing" analysis (how it works is a subject for another post).
Almost every evening when I take my laptop out and start doing my research, my daughter comes to sit on my lap. So what I do is I divide the screen in two windows: in one I usually have Dora The Explorer playing for her, and in the other one I open my charts.
What I noticed is that by squeezing the charts I use in half of the screen, all daily bars (stocks' daily movements) get amplified and it gets so much easier to identify if a particular stock has an upward or downward trend. You wouldn't believe how easy it gets to see the trend even when the stock seems to be trading flat when looking at the regular-length chart. It's so easy, sometimes I feel like I'm cheating.
I know, I know... It sounds silly, but I thought I'd just mention it. The time will tell if it works.
I just know I'm now using this new "investing tool" even when Julia is not sitting on my lap...
Happy Birthday, Princess. Daddy loves you.