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Tag: AppliedBuddhism

  • (3) How to start learning about Buddhism? | Three Turnings of the Wheel of Dharma

    (3) How to start learning about Buddhism? | Three Turnings of the Wheel of Dharma

    (Credit: George Dagerotip)

    The Three Turnings of the Wheel of Dharma could be regarded as a framework in Mahāyāna Buddhism for classifying in to stages and understanding the teachings of Buddha Śākyamuni.

    1. The First Turning of the Wheel of Dharma

    The first turning of the wheel of dharma refers to the earliest stage of the Buddha’s teachings, during which the Buddha taught the fundamental concepts, building blocks or the cornerstones of Buddhism like the ones below. The first turning of dharma wheel is also known as the Hīnayāna Buddhism stage, which is a relative concept compared with Mahāyāna Buddhism.

    • Four Noble Truths
    • Dependently Arising
    • Five Aggregate

    2. The Second Turning of the Wheel of Dharma

    The second turning refers to the development of Buddhism, where the Buddha further elaborated and developed concepts regarding the world, based on the fundamentals above, which are more applied on personal prospective. In the second phase, the Buddha talked about the Emptiness nature, which is similar to the concept of dependently arising, while specially pinpoint that nothing in our world consists of a true self nature or independent existence.

    Compared with the first turning of wheel, here the Buddha introduced the Bodhisattva path, which might be briefly concluded as the cultivation of Compassion and Wisdom towards all sentient beings as a practice for enlightenment and liberation, thus nirvana. For wisdom, it refers to the understanding and experience of emptiness.

    3. The Third Turning of the Wheel of Dharma

    The last turning of Dharma wheel refers to the teaching of Buddha nature, which means that all beings have a Buddha nature potential, while it only manifest after stains are removed, which include the unwholesome roots like Greed, Hatred and Ignorance.

  • Trading Record: 31-May-2024 SQQQ Stop Gain @ $10.575 (Ver AI)

    Trading Record: 31-May-2024 SQQQ Stop Gain @ $10.575 (Ver AI)

    Note: This post is written for my personal trading record purpose only, so this should not be taken as any form of investment advice or guidance to follow. Discussion is welcome, while you must do your own research for our own risks.

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    Discussion

    The Nasdaq and the broader market turned bearish and sold off even after lower-than-expected PCE data was released. Sometimes, it’s more luck than skill to identify an inverted movement following better-than-expected data.

    In another scenario, the Nasdaq and QQQ initially moved upward after the data release but quickly reversed course. The market experienced a sell-off, and QQQ dropped by around 2%. In such cases, it’s prudent to secure profits before waiting for the market to stabilize based on the 620-chart or any signs of finding its footing.

    Based on the daily chart, QQQ experienced a breakdown below both the 10-day moving average (10MA) yesterday and the 20-day moving average (20MA) today. This decline was accompanied by higher trading volume, signaling significant selling pressure on market leaders.

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    Turning our attention to the 620-chart or 5-minute timeframe, we observe a robust upside bar in QQQ precisely at 12:20 AM HKT (GMT+8). Recognizing this bullish signal, I promptly closed my SQQQ position, considering the profit already gained and the potential for a swift reversion that could erode those gains. Let’s delve into the risk dynamics:

    • Our original risk tolerance level set for SQQQ’s 3x leveraged position was approximately 1%.
    • Remarkably, a movement of up to 2% in QQQ corresponds to a substantial 6% movement in SQQQ due to its leverage factor—approximately six times our expected risk exposure.

    Guided by the “Perfection of Generosity” or “Perfection of Non-greed” under Six Perfections or Six Pāramitās, seizing this moment as a stop gain opportunity aligns with prudent risk management.

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    My Personal Trading Record :

    https://docs.google.com/spreadsheets/d/1Fet2gtENwYOVUggm4n4kovbrzdKcbphP7jHsF0V9GOo/edit?usp=drive_link

    Remarks: Reposted for AI edition testing.

  • Trading Record: 31-May-2024 SQQQ Stop Gain @ $10.575 (Ver AI)

    Trading Record: 31-May-2024 SQQQ Stop Gain @ $10.575 (Ver AI)

    Note: This post is written for my personal trading record purpose only, so this should not be taken as any form of investment advice or guidance to follow. Discussion is welcome, while you must do your own research for our own risks.

    Discussion

    The Nasdaq and market turns very bearish and sells off even after a lower than expected PCE data is released. This is sometimes more luck than skill that you find an inverted movement after finding a better than expected data.

    The Nasdaq and QQQ turns upside after the data was release while it literally U turns after a few bars. The market sells off and QQQ drops up to around 2%. In this case, I think this is good to lock down the profit before the market find its feet based on the 620-chart or the market shows some side of finding its foot.

    Based on the daily chart, QQQ broke down into the 10MA yesterday and 20MA today with higher volume as the market leaders are being sold off hardly.

    Based on the 620-chart or 5-minute below, QQQ shows a relatively strong upside bar in 12:20AM in HKT GMT+8, at which I closed the SQQQ position considering the profit and a possible reversion which would likely trim down the gain quickly. Since our original risk tolerance level or exposure if set a around 1% in SQQQ’s 3x leveraged position, a up to 2% movement in QQQ is equivalent a 6% movement in SQQQ,, which is around 6 times gain over my expected risk exposure. Based on the Perfection of Generosity, or Perfection of Non-greed, this should be a good stop gain opportunity.

    My Personal Trading Record :

    https://docs.google.com/spreadsheets/d/1Fet2gtENwYOVUggm4n4kovbrzdKcbphP7jHsF0V9GOo/edit?usp=drive_link

  • Trading Record: 29-May-2024 MP Materials Corp. (MP) Stop Loss @ $16.65

    Note: This post is written for my personal trading record purpose only, so this should not be taken as any form of investment advice or guidance to follow. Discussion is welcome, while you must do your own research for our own risks.

    Discussion

    MP Materials Corp ($MP) position entered yesterday was kicked out immediately by the mechanical stop loss order, as it broke down into the 20MA with an increase in volume. This immediate kick-out might be triggered by many factors including increasing yield, while this is not observed in other precious metal or commodity stocks.

    In this situation, the failure might be more explained by the weakness of MP without solid demand or enough consolidation after the two recent pocket pivots on 8th April and 14th May.

    Insight & Applied Buddhism

    Although the first setup comes into a immediate kick-out, a good discpline for stop-loss order and thus limit in risk exposure are maintained, which reduces the psychological influence and accumulation of bad emotion for future trading. I try to elaborate below the applied buddhist practice by six perfections, or six paramitas, in Mahayanma Buddhism based on Prajñapāramitā sūtras (प्रज्ञापारमिता सूत्र):

    Six Paramitas in Trading Behavoral Control

    1. Perfection of Generosity (Dāna pāramitā; दान पारमिता)
      – Control in small entry position to avoid over-sizing and limit risk exposure
    2. Perfection of Discipline (Śīla pāramitā; शील पारमिता)
      – Use in stop-loss order to avoid manual control and decision making
    3. Perfection of Patience (Śīla pāramitā; क्षान्ति पारमिता)
      – No close and over monitoring in movement after setup
    4. Perfection of Diligence (Vīrya pāramitā; वीर्य पारमिता)
      – To understand and accept impermenance of the market
      – To investigate, review and enhance the next trade (Like this post)
    5. Perfection of Concentration (Śīla pāramitā; ध्यान पारमिता)
      – Be mindful of the mind and emotion like the Greed manifesting before setup and Hatred after the kick-out
      – Meditate and contempltae on the psychological reflection
      – Concentrate and review the execution
    6. Perfection of Wisdom (Śīla pāramitā; प्रज्ञा पारमिता)
      – The first time to start writing a trading log in order to generate insight on both the market, investment performance and self reflection etc.

    Setup Summary (To be updated)

    DateTickerActionReferenceReference PriceJustificationPositionPriceSizeStop LossRisk ToleranceRisk Exposure%Risk Exposure$
    28/5/2024MPEntry20MA$17.00Volume contract at 20MA T-1800$17.0513,64016.6520MA-2%-2.35%-$320.00
    MP Materials Corp. (MP) Setup Summary

    Chart

    My Personal Trading Record :

    https://docs.google.com/spreadsheets/d/1Fet2gtENwYOVUggm4n4kovbrzdKcbphP7jHsF0V9GOo/edit?usp=drive_link