As the clock struck midnight in the Asia Pacific time zone, I celebrated not only my 35th birthday but also my 13th year of learning within the FinTwit community. Within the realm of solitary trading, there are often instances when the sole source of joy, particularly during a lacklustre market period, is through acts of generosity. With that in mind, I would like to take this moment to express my deep gratitude for the years of selfless education I have received as a silent reader, along with the intellectually stimulating discussions held within this community. Furthermore, I wish to take this opportunity to delve into the purpose and significance of maintaining a daily market diary, as it plays a vital role in your development and growth as a trader. It serves as a navigational tool, keeping you closely on track with market movements, situational awareness and helping to curb over-trading beyond your prepared watchlist. Finally, I would like to extend my gratitude to the following Twitter accounts that have greatly contributed to the development of my market diary over the years. 1. @finitrades - Selfless sharing of Notes & Watchlist Template, with trading style heavily influenced by @Qullamaggie. His google doc also has a whole list of great hyperlinks to @Quallamaggie's material 2. Ben Bennett - Mid-Week market technical analysis on youtube and twitter, was watching it since 2015. 3. @cfromhertz - Daily Market Recap video is the first thing I watch in my morning since i found it on 2017! Demonstrating genuine passion for the market by consistently producing a 20-minute video every day since 2015! 4. Mike Prechter - An ideal mentor who effectively communicates about risk back in 2010s in twitter. Rumored to be the Phantom from 'Phantom of the Pits' . Greatly missed! 5. @alphacharts365 - State of The Market (SOTM) video is my Sunday evening's ritual. No BS, simply clean charts on both daily and weekly of market, key sectors, bonds, vix, credit spread, and I love the new HG1!/GD1! relative strength between copper and gold to access economic growth. 6. @RichardMoglen - after SOTM, I will be watching Richard's Stock Market Outlook. Richard deserves recognition not only for his skill as an interviewer of great traders but also for his dedicated efforts in creating informative watchlist and stock market outlook videos. By increasing the playback speed to 1.25 for both @alphacharts365 and @RichardMoglen videos, you can effectively cover the content within 20 minutes. This allows you to not only obtain a second opinion but also a third opinion, enabling you to keep your own market analysis and biases in check. 7. @LeifSoreide - An aspect of my diary is the breakdown of the sub-market such as $IJS, $IJT, $IJJ, $IJK, $IVE, and $IVW. This was an influenced from Leif. 8. @PrimeTrading_ - Alex consistently shares his daily leading sector scans and a meticulously curated watchlist of stocks. His watchlist comprises only those stocks that meet stringent criteria based on fundamental metrics, relative strength, technical analysis, and his proprietary scoring system known as PRIME Score. Additionally, his proficiency in spreadsheet formulas has inspired me to maintain my own spreadsheet in a sleek and organized manner. So here we go! 1/n
1. Date (Why it is 1-Day after the Market Close) As most of you are aware, I am a Singaporean trader who primarily operates within the Asia Pacific time zone, even when I frequently travel on short-haul flights. It's worth noting that, like many others, I have regular sleeping patterns even while trading the US market. Therefore, when I wake up, my first task is to prepare my market diary, which includes pre and post-market analysis. However, since I am already in the Asia Pacific region (GMT +8 currently), my diary is typically dated a day later due to the time difference. I strive to maintain my focus and align my travels within a time zone range of +2/-2. This approach allows me to capitalize on the advantage of preparing my pre-market and post-market work when my mind is at its freshest state in the morning. At this stage of my life, I approach trading with utmost seriousness as it plays a crucial role in funding not only my own needs but also those of my two retired separated parents. Additionally, I rely on trading to support the growth of my leveraged real estate portfolio, which currently exceeding 10 million dollars. For those traders based in the Asia time zone who are curious about my approach to managing US trading, below is a response that I frequently copy and paste to address this topic. " 1. I make it a habit to wake up before 8.30am GMT+8 every day, and ensure that my pre-market tasks are completed before the US market opens at 9.30pm GMT+8. I usually complete them before my lunch. 2. What occupies me after are usually reading, fitness hobbies, youtube @Qullamaggie streams, coffee, culinary, and admisntrative for my real estate holding business 3. To ensure that I am well-rested and alert, I make it a point to go to bed before 2.30am GMT+8 every day. Thus, I developed the habit of avoiding executing market orders after the US lunch session. 4. During weekday evenings, I prioritize trading and do not socialize much. It probably been almost a decade since I ever stepped into a pub on a weekday evening. As a trader based in the Asia & (EU timezones previously and during travel), 5. I find it important to maintain relationships, as trading can be a solitary activity. But I am highly motivated to achieve a certain level of net worth before I turn 40 and I have the skill and tools for it. I am currently 35.' '' 2/n
@jeffsuntrading Happy Birthday Jeff & ty for mention. Very cool re the market diary , neat & great info . I am also a big proponent of the automation, organization of the spreadsheet!
@jeffsuntrading Happy Birthday, Jeff! And thanks for all the content that you share! Great stuff.
@jeffsuntrading Happy birthday Jeff! Really enjoy your posts 👍
@jeffsuntrading This is one of the best tweets I've seen. Give a lot of insight into a process. A lot of people just want tickers. This shows it's much more than that. Who what where when why...
@jeffsuntrading Happy Birthday man! Thanks for all that you share. You fall on that must read/follow list for me. Thanks for the value you add, and wish you continued success in all that you do.