High Heeled Traders
I strained my shoulders so have to slow down on computer use and unable to write much!  So how about I share the editorial evaluation I got for the book based on this blog — I took out the boring bits  that has got to do with punctuation, formatting, pages that are part of formalities etc.  Overall, I am happy with it and gone on to reorganized the whole thing as suggested.  The only thing is that I have to leave out the hahahas and smileys 🙂  …. they will be missed.
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CreateSpace Editorial Evaluation

Title:        High Heeled Traders: Understand Trading with Shopping, Fashion, and Shoes!

Author:    Charmel Delos Santos

I. Introduction

This manuscript is a strong draft of an interesting, niche-focused, how-to book. The author has done a good job setting the tone, pacing, and context of this work and the book feels ready to move to the next level of rewrite and development. The comments that follow in the Manuscript Critique section specifically address the structural, organizational, and maybe other content issues the author ought to consider as she moves forward with any rewrite effort.

From a marketing, or target audience perspective, this book should be attractive to a niche market of readers who enjoy personal finance and self-improvement.

Title:

The title of the book is thematically relevant and gives the reader a clear idea about the content, without giving away too much. This is exactly what a title should do: entice the reader, inform them about the topic, and give them a reason to open the book to read. This will be an attractive and effective title.

II. Manuscript Critique

The following comments address high-level structural, organizational, and other content issues that should be considered in any further development or rewriting. These comments relate to readability, content, marketing, and basic structural concerns that weaken the manuscript, as well as strengths and positive assets that can be leveraged for publication success.

 

Structure Elements:

Premise/Tone: 

The premise of this book is straightforward and clear: an integrated guidebook for women interested in the empowerment that comes from investing and trading. At the premise level, this is generic and popular subject for a self-help book. There are many “women’s guides” to investing on the market. The reality of the nonfiction-how-to market is that unless the author is a celebrity, infamous, or notorious in some way the general audience will likely have little interest in the material. This is not because a story not a good book or well written, it’s just that sizzle sells.

There are literally hundreds of books about finance, trading, and personal success jamming bookshelves. So, readers are going to wonder as they read the cover, “What distinguishes this book from all the other ‘newbie trading” books out there?”  One of the things that separate this book from the pack is the cheeky attitude. The clever title and the matter-of-fact writing help this otherwise generic premise to stand out nicely. Again, saying this is generic is not a statement on the value or significance of the writing; it is merely a statement about the realities of the marketplace. This is important for the author to appreciate, as this is a book for sale that will be competing with other books in the same category and genre.

I Got A Secret - photo by Andi Makkawaru

Structure/Pace: 

Structurally, the author has done a great job organizing, presenting, and executing this draft. There is very little to say about the content itself; it is what it is, meaning that the author demonstrates her expertise, has a specific process for knowledge transfer, and builds on that process to give the reader an action plan for success. There is only one immediate issue facing this work that needs to be addressed, content flow.

 Normally, this would also involve pacing, but not in this case. Pacing refers to the speed of the read and how effectively the text pulls readers into the matter of the book without jolting them with fits and starts, or boring them with long, drawn exposition. Next to a weak premise, bad pacing is one of the top-five killers of most books. The pacing for this work is good, overall.

 For this book, the issue is not pace, but flow. Right now the flow is uniform, but there’s no room to breath. Where does a reader take a break?  Where is the material broken up for a full stop so the reader can take a moment and integrate the information?  People don’t think about it, but chapters provide resting stops for the reader, besides strategically pacing the dissemination of information for dramatic impact.

 Organization:

When the book is ready for publication the author might consider adding traditional front matter elements. Front matter, or preliminaries, is the first third section of a book, and is usually the smallest section in terms of the number of pages. The fact is, all of these elements are optional, but readers have come to expect certain parts of a book to be present, and best practices in the publishing industry have established these as highly desirable components to be added to any novel.

 (Proceeds to discuss the items needed for the book)

 An author’s introduction is the section where the author talks about the book itself, its significance, its impact, and its place in the grand scheme. The author does not write about the process of writing the book, but comments on the meaning and significance of the work, overall. The present introduction will suffice.

The appendices are perfect for this book.

III. Conclusion

 This book is a solid resource for folks looking to explore finance and personal empowerment though investing. The book could benefit from some reorganization, content flow redesign, and attention to front and back matter, but otherwise this is a solid and well-throughout book that the target audience will appreciate. If the author can address the issues, as mentioned above, then she will be well along the path to final publication. Well done.

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Well-put together!

Japanese lunch - photo by Yumiko Takatsuki

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Can you believe we lived through  heart pumping 500 points volatility for days! Now that the market place has  quietened down a bit, finance news are all agog about  whether the US sharemarket has reached bottom — I posted one such article in my Facebook profile and a friend of mine commented whether this is already the bottom of the bottom?  Or could this even be a bottomless market?  (Used to be excited at the  mention of  “bottomless” – for iced tea — must train myself to think that this is not the same thing!)

 OK back to the question — Well, who knows if this is the bottom?  Certainly not me!  

 However, I’m sure you’ve heard that  “where there is a crisis there is an opportunity”… this is an opportunity to review what will make you money whether the market goes up or down:

1. Self-mastery – doing what needs to be done and not doing what needs to be done.

2. Position-sizing – allows you to take advantage of opportunities and still realize your goals.

3. System –  trading rules that will help you to evaluate opportunity and capture profits

4. Strategies – the right strategy for the right market type, like implementing simple Options strategies

5. Business plan – overall governing plan for trading that takes care of your physical, Mental, trading systems and financial fitness.

(Please search this site at the meantime, I’ll put the links later! I’m in a rush!)

Check it again because there is nothing that says – a market rally will happen eventually.  For that is not guaranteed.  But with us, it does not have to.  If you can step up and get the knowledge and skills in the above, you could be one of those grinning even when the market dives.

Ready to step up?

Via Uno Shoes

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To trade or not to trade?

August 17, 2011

Hello friends! Was just reflecting, when a friend asked me how long I’ve been trading, whew, it’s been a loooonnnnggggg time. I feel like I’ve been on this journey forever, I made money, I lost money, and yes, I am still here. Just want to share with you a quote I found today on commitment. Commitment is needed to be successful in trading, or any endeavour for that matter.

“To the spiritually mature, commitment is the equivalent of freedom because it bestows authentic happiness that cannot be taken away. When we make an unconditional commitment to something, the energy response from the universe matches us at the point of our commitment. Commit to love today, to peace, joy and well being – and grace will be at your service.” Michael Bernard Beckwith – reposted from T. Harv Eker’s page in Facebook.

… so happy to be on this journey “trading my way to financial freedom” …
May the Fierce be with you!
Charmel

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Obama surely know the power of words and the power of positivity.  Campaigning to be President of the United States,  his battlecry is: YES WE CAN!  He got a lot of people supporting, believing and voting for him even if he was only a first-term Senator and a black man at that.  So, I am going to do the seemingly “impossible” — to profit from market uncertainties, from falling markets.  Yes We Can!

Ripe Philippine Mango

In my earliest posts, I’ve been telling you about Options.  Options are another product in the financial market that is tied to another asset. Some people hear about it but don’t know much about it – I compare it to exotic fruits.
Here is the link again if you missed it “Keep Your Options Open”:

Options can let you take a low-risk and high reward opportunity. Buying “Put Options” will let you protect your share holdings and also profit from a fall in value. It is a contract tied to the value of shares, so you don’t need to own the shares. You also just use a fraction of the value of the shares. Like 50cents to $12.00 per share.

Profit from Market Uncertainties – YES WE CAN! Totally!

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Not My Type!

August 10, 2011

400 points DOWN on Monday, 400-plus points UP on Tuesday. “Dear Lord, if there is ever a way for this sharemarket to stabilize, please let it happen now!”   It’s not a bad prayer, well you know, a prayer is never bad.  It’s probably just not going to be answered positively!  So how about just look for ways how you can profit from uncertain market moves?  Aha!  Now there’s an answer!  Review   “Buy 1 take 1”  Market Types and the Strategies to use.

http://highheeledtraders.com/?p=652

If you ask me,  I’ve just been watching the market.  I  don’t have time right now to study the trade and monitor which is required in trading volatile markets (going Up and Down).

So girls, it’s kinda like male models in magazines…

I might have eyes on him… but he’s not exactly my type!

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“US Loses AAA Credit Rating”

“There’s Going to be a Bloodbath in Stocks”

These are the screaming headlines in the news over the weekend!  I had a busy social calendar, so I really didn’t have time to worry about it.   So in case you are wondering what I did facing the trading day,,, OK, I’ll tell you:   I thought of what I’d rather do:  skinny dipping or going bungy jumping.  Which kind of danger can I deal with?

Have you tried skinny dipping ?  You know, going for a swim, in none other than your birthday suit?  As  “liberating” that must be,  shaking off inhibitions and “accepting yourself”  I am sure many many many people thought of  it, but NOT done it.   If you ask me,  I’d probably go for bungy jumping than do that!   Why?

Bungy Jumping – (which is to make a jump from a very high point tied by your ankles)

–  is managed by system of cords, and  professionally trained staff

–  is tried and tested (since its beginnings in 1988), with industry standards and guidelines

Whereas, with skinny dipping:

Sea Walls - Coron Island Philippines by AJ Mallari

– question is : why expose yourself?  Warts, lumps and skin imperfections not a problem?  OK, we can go to a very pristine location with not a lot of tourists, but what about skin cancer?    The mosquitoes?   For fun and for trading, it’s a good idea to always have protection.

– if you have to do it, it is surely for impact to the “social environment”.   However, we get so many of those “entertainers” showing skin, so this trick has lost its charm if you ask me.   And you just don’t know how your “outing” is going to be received, how big the impact.  Whereas, an important rule of  trading is to measure the risk (it is is low enough)  before going in. 

So thinking about the “danger” of those two ,  I thought, I really don’t need to move a muscle today.  I mean, I have a tried and tested system, the system performs when I let it do its work, so all I have to do is follow that.    Due to some jitters,  I had a thought of trying different strategy, and also jumping into a stock that I haven’t actually traded with this strategy, and then,,,,  I stopped myself thinking :  there is more danger in trying to do something I haven’t fully tested or understand.

This day, as expected, the market dived at the open, but recovered after about half and hour, and then moved downwards again. 
And what just happened after markets in Asia closed in the red?   The G7  financial representatives of leading industrial nations said they are committed to taking “all necessary measures to support financial stability and growth in a spirit of close cooperation and confidence.”

The G7 nations are the United Kingdom, France, Germany, Italy, Japan, Canada and the United States.  That could have the effect of countering the credit downgrade.  Also, the Federal Reserve of the US was said to be strongly considering another round of “stimulus”.     

 This is a good time to be  learning, doing practice trades — develop your “system” and document how you are trading it given the market conditions.  And be thankful you’re out of the market as it’s going to be a wild ride for a while.

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Love-Hate Relationship

August 6, 2011

This is looking like a love-hate relationship between investors and the market. Just the other day, the US Market dived 400 points and today, with good news on the jobs front, the session was still volatile but the market summoned the strength to go into positive territory and ended up 60+ points. 

We don’t “need to be right” , remember? For every trade, explaining what happens will be difficult. However, take note of the major issues here which influences the market.

  •  Jobs – this is a  must-have for every part of any economy. When people have jobs, they have income to buy all sorts of stuff, they feel secure enough to borrow which in turn further strengthen the economy with companies selling more “high value” products like cars and homes. For businesses, this means expansion or simply being able to remain alive.  Todays news reported a jump in Jobs created 117,000  from previous month 46,000. Yayyyyyyyyyyy!  That’s HUGE. 
  • Debt issue -you might say debt is old news, though it still casts its shadow into the market.  Recent Italy is hitting the headlines.  (And because Italy and many other debt-ridden countries are included in the European Union, the effect is quite huge.)  Expect this issue to be in fashion.  Animal-prints anyone?

With these two issues the prospect for the market is not too rosy, dampening “investor sentiment” or the feeling of investors that they can make sure profits.

Sweet Treats - Binky's Cakes (link below)

So why are investors / traders going out just to get back in?  One could be the price level,  if it looks like the price dropped so low (as it had been moving down for days), it could be a “bargain” and  may yield big profits if the move down reverses.  Some of the price levels were not seen till 6 months ago, so it may be able to satisfy profit target rules.  One is BHP, the biggest miner in the world, demand is still high from rapidly industrializing countries, they just reported their production and profits are very healthy.  Price level was at $38  versus year high of $49 – if your 1R is $3, it could reach the target $9, since the range is $11.   That’s a sweet treat!

However, if you don’t like the ups and downs,,, and as in relationships, prefer stability and predictability, you might be single (or out of action) for long in these times.  What to do now?   Remember, Cinderella, can’t go dancing with only one shoe.    It is a good idea to look at another system or concept (like band trading) you can use that makes money in volatile market.   Yeah, additional work but hey, you got to know how to profit from the situation,  so get moving girlfriend!

(There’s something wrong with my system’s uploading of pics, have to reuse this picture.)

Strong Woman, Laos - photo by AJ Mallari

News report:

iid=Lead”>http://money.cnn.com/2011/08/05/markets/markets_newyork/index.htm?iid=Lead

BINKY’S CAKES

https://www.facebook.com/home.php#!/pages/Binkys-Cakes/345350711091?sk=wall

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Stepping Up, Stepping Out

August 3, 2011

Last 2 days was probably the longest time I spent in bed.  Slept early since Monday and slept in yesterday.  I also snoozed with the baby in the afternoon (called in sick).   Today, thought of rising early, but my body is still feeling sore so I went back to sleep.  Before I get used to it,  I thought I’d better find an inspiration to do what I need to do and  do what I know should be doing.  Time to step up and step out!    (Matches the shoe logo well don’t ya think!)

Here’s what I have in mind :

1. Finding a hero  – George Soros does it for me.  

The community I grew up with and where our family home still stands are fighting on two fronts :  a rich family who are claiming the land (using illegal and violent force to evict residents in violation of court orders)  and a government who in the first place found the claim to be  anomalous yet did not penalize that family, then another government nullified the transaction without respecting the rights of  “good-faith” buyers.    Now,  miles away from the place, I am supporting the Peace and Justice Campaign, with help of social networking. 

George Soros – the rock star trader and philanthropist wrote  “Instead of submitting to our fate we resisted an evil force that was much stronger than we were — yet we prevailed,” he wrote. “Not only did we survive, but we managed to help others.”

http://www.bloomberg.com/news/2011-07-28/soros-goes-private-as-golden-era-of-rock-star-traders-ends-with-dodd-frank.html

2. Writing my notes of the experience

Diarising my experience, sentiments and ideas help me to feel what I am feeling and be able to release.  It may also be something I can reflect on later.

3.  Sleep and Rest

I really was caught in the grips of  the land issue I told you about — talking to my sister who still lives in our family home and our friends around the world who want to help.   it made me do one thing I haven’t done for ages.  Sleep past 11 pm.    For 1 week, ever since it happened (23 July).  As my friend Arum said,   with  dark circles under my eyes and bad skin, I look like a victim of domestic violence. 

Since the weather is cooperating,  plan to indulge in a relaxing treat — soak in the tub with flowers, aromatic herbs like rosemary and mint and few drops of oil…. a little fancy treat.  Ahhhh that should do it!

Fancy Flowers - by Fr. Noi Azupardo

 

4. Practice Trading following the Trading procedure – I’ve been monitoring the developments in the financial markets — the debt ceiling issue in the US is now out of the way, but some more economic data sparked a sell-off in Wall Street and in Asian markets – BHP, one of the stocks I am watching has pierced 6 months Support level and is looking like it will continue on its downward move.  I notice that I am “excited” that the price level is low again, but I have to remind myself to exercise self-control,  following the Trading procedure which help me follow my System

5. Organize Cash position, review Financial records – income and expenses, assets and liabilities.  Ensure that my position sizing is not under “pressure”.  As this will affect my psychological state going into the trade.

Some of my friends remarked how fast I seem to get things done, like the book and some other work for that peace campaign…. dears, I just want to get it over and done with!    I really need minimum 9 hours of beauty sleep. LOL

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I was absent from this blog for longer than usual.   Everyday,  I planned to go back to my trading, business plan, the blog, but I was not at peace.  Truly between the battle of emotions and rationality, emotions will always win.  And a  trader can not be a drama queen.   

Finally, slowly, I was energized reading that 80-yr old George Soros, perhaps the best known trader in the world will be “retiring” from trading. (Not that I could step in and  fill his shoes!).  His fund,  Soros Fund Management, will be returning money to outside investors while he  just keep doing what makes him happy.    Like promoting democracy, fostering free speech, improving education and fighting poverty.   Bloomberg reports —  “My success in the financial markets has given me a greater degree of independence than most other people,” Soros wrote in his recent essay. “This obliges me to take stands on controversial issues when others cannot, and taking such positions has itself been a source of satisfaction. In short, my philanthropy has made me happy.”

Thank you George Soros,  I shall follow your footsteps in managing my money wisely, growing it through my trading business and doing  what makes me happy, (promise I’ll still be writing you about my trades in my island villa).  Old man,  I’m honoured to have lived in the same era as you.  I hope to follow in your footsteps,  in high heels, of course!

You can read the full article about George Soros in :

http://www.bloomberg.com/news/2011-07-26/soros-to-end-four-decades-as-hedge-fund-leader-by-returning-investor-cash.html

Beautiful Skies - Boracay, Philippines by Fr. Noi Azupardo

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FAQs, normally these stand for “Frequently Asked Questions”,,, or for others,  it could also be Frequently Avoided Questions.  🙂

Lorets, a friend from my choir days has been working as an IT professional in Singapore, and has realized recently that her  working life is just keeping her family in the “rat race”  and decided to attend  seminars about wealth and financial freedom in the city-state.  I guess we know what she’s talking about, spending so much of our lives at something that does not guarantee security  is tough.   When she thought of learning about stocks, my blog appeared in her view and we have been exchanging thoughts about our journey since.

She  told me that she just attended another seminar, and asked me,  “I  get a clearer view even macro economics which I’m really not interested, why is it that I feel that its seems so simple & easy to invest? Is there any catch or blind spot that I need to learn?”

Excellent questions!  I didn’t think of these when I started. 🙂   I guess being so excited about the possibilities (and tired from slaving in my job back then)  I was in “shoot first, ask questions later mode” hehehe.   Anyway,  my answers :

Step Up

1) You are moving to a stage in life that opens you to this –  you are “stepping up”, it’s a natural consequence of your growth

2) Marketing of the seminars and perhaps the content presented is simple and easy (if they say it’s hard who will go and do it?)

3) There are more and more opportunities to invest in “easily” because information is more accessible, and after that managing the investment can be done remotely — the way technology has enabled our lives is a big factor to this.

I said she should be proud of herself thinking about the question about blind spots.   The important thing is to continue learning about particular investments you want,  then limit your risks  – that’s a good thing to learn before going in.   You might think OK, you’ve done your homework and  jumped into the opportunity, in reality, you will only know for sure how an investment would work when you’re already in it, I mean there will always be blind spots for anybody starting and even for experienced investor, a negative issue can always crop up (e.g. earthquake, change of policy). That’s why it is important to limit your risk so you can improve as necessary.  Or stay alive to do another deal.  (This is why position sizing is so important in trading).  Having someone to hold your hand through the tough spots will also help greatly, benefit from their experience.

Like  any “cook” can tell you, that any recipe can easily be learnt, but having the skills to do thingsright would take time and practice.    So, no matter how things may look easy, know that you need to go slow while developing your skills.

Low and Slow at Mekong River, Laos -photo by AJ Mallari

I promised to get back to her about more about this, and will deliver on that promise on the next post. What about you, what questions have you got in mind?  Would love to hear it!  Please comment here or email me at charmel@highheeledtraders.com

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