Rick Ong

Everett Rogers’ model for innovation diffusion helps us assess at which stage an organization is in applying a certain innovation. There are 5 stages: Agenda Setting – Defining an organizational problem and its perceived need for an innovation. Matching – An organization fits its particular agenda to a specific innovation. This is the critical stage [...]

According to this billionaire, there are several “mental models” or frameworks he has consistently and reliably used for his business decisions. He has honed his mental models such that huge and important decisions are decided upon swiftly and more importantly, correctly. His name is Charlie Munger and the name wouldn’t ring a bell for most, [...]

Ten Common Mistakes of Entrepreneurs from the Minnesota Journal of Business Law and Entrepreneurship. Failure to take the money. Unrealistic valuation expectations. “If you build it, they will come” syndrome. Failure to strike when the iron is hot. Not understanding your strengths and weaknesses. Unsuitable legal structure. Failure to protect intellectual property. Not listening. Avoiding champagne [...]

Although I have stayed away from trading for the past few years, I constantly find myself having to decide what the right time is to buy or sell USD. Here’s what the banks have to say about the Peso Dollar situation for this year. 2/11/2011 – BSP revises forecast of peso range from Php47-Php45 to [...]

Net: -$72 I figured my strat only had 50/50 odds. It had no edge. I lost -$50 from a gamble on XOM. Wasn’t part of the strat. Tomorrow I’m gonna try to use a tweaked version of my strat. ( ExpMovingAverage[EMA,Close,21,0,15] > ExpMovingAverage[EMA,Close,21,0,5] AND ExpMovingAverage[EMA,Close,21,0,5] > Last AND Last > ExpMovingAverage[EMA,Close,21,0,1] AND ( (Last – [...]

Net: $12 I used my strat’s formula to do the exact opposite of what I’ve been doing the previous days. Instead of using it for counter-trending, I’m using it with the trend. Price usually went to my favor but often stopped at or very near my exit before spiking to the other way and stopping [...]

Net:-$50 Feels like as if my strategy would make me money if I do the opposite. It’s been consistently losing me money. Maybe this formula is better for trending?

Net: -$50 Traded WYE against my rules at the open, made $22 on it. The following trades were all losing capped by AA where I was unable to cut it becuase I was looking at the Mac. I just decided to risk it all the way to -$50. Unsurprisingly I cut at the top.

Net: $28 Trades: 17 Shares: 1800 Opportunities were presented a bit late into the day, around lunch.

Net: -$58 Got stopped out today. Market was in trending mode. 9/10 of my trades were losing. I just stuck to the plan.