Learning and learning

There are so many things to study! I have come to realise that I know very little (or close to nothing) about trading and investing as a professional should have. To be fair, I am not a professional (yet), just an amateur trying to invest and trade better.

With three kids, husband and home to care for, I don't have as much a time nor concentration when it comes to study or reading (non fictional) books. I haven't finished my Benjamin Graham's book, the Intelligent Investor, that I started to read a while ago.

In the meantime, I picked another book which I found very interesting. The book is called 'Trading for a Living' by Dr Alexander Elder. I found this book easy to read and understand. The book gives a good coverage on the psychological aspect on stock trading.

Spudding

In a drilling report of an oil company, we often come accross a term called 'spud', as in this statement:

"Well 1 spudded on June 200X"

What does it mean?

In petroleum/oil industry:

• "spudding" means the very start of drilling on a new well.
• "Spudding in", or to "spud" a well, means to inniciate drilling operations.

Bluescope steel

I think it was a mistake to sell Bluescope Steel (BSL). I sold too early, but then again I was stopped out of my trailing stop. I wonder how to avoid this thing to happen.

Australia

Some recent data from Australian economy :

• Consumer spending UP - thanks to the cash handout
• Interest rate very LOW
• House Price UP - thanks to the government first home buyer grant
• House buiding DOWN - a lot; more than 12% for May period.
• Job Vacancies DOWN
• Unemployement UP

New Year!

I wished for a new year with a new hope, but today the ASX had a new year with a rout! I am still wondering why the big drop, while around the world weren't doing too bad today.

Is Australia going to experience the 'US and Europe economy experience' soon? Today's local economic data does not look pretty. In the year to May, building approvals fell by 22.4 per cent. What will it mean to the housing price?