About Myself and the Fire Samurai Blog

About Me

Hi there. My name is Gabe and just started writing this blog about achieving Financial Independence, Retiring Early, Investing, and my other passions like gaming, food, etc. Anyway just call me FIRE SAMURAI. Well this blog s mainly for myself to read (my mistakes, track my results, goals) and I also like to share things with everyone. Please feel free to write comments and share anything you like (no ads please).

I am not a native English speaker so I would like to apologize in advance for any grammar mistakes that I make here.

Why did I come up with this name…FIRE SAMURAI?

FiRe here stands for – FINANCIAL INDEPENDECE and RETIRE EARLY

As for Samurai, I am huge fan of Samurai movies, games and anime. I believe to be a successful in investing and to achieve Fi/Re, one need to be as disciplined as a Samurai

So the marriage of both….to be both disciplined and to be a Fi/Re

FIRE SAMURAI is born today.

I have a few silly reasons of my own to want to achieve FiRe. I want to have more time playing video games, travelling and photography. I want to achieve financial independence and freedom is so I can have more time to pursue my other passions without being bogged down by my 9-5 job. I am getting married soon so having financial freedom is important as I'd like to spend more time with my wife and family.

I’m writing this post to start off by saying ”Hello Reader!” for new readers that just came across my blog and have the same goal as me. I will keep on posting articles to grow my blog and I hope you will see myself grow as a FiRe Samurai 😊

Comments

A Study in Technical Analysis : Candlestick Part 1 - One White Soldier

Decided to start a Technical Analysis series to analyze a few candlestick patterns and other tools to help me improve my stock and options trading. ONE WHITE SOLDIER One White Soldier candlestick pattern is a Bullish Reversal Pattern used to predict the reversal of the current downtrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bearish Candlestick followed by a Bullish Candlestick. This candlestick pattern rarely appears and if it does appear it's likely a strong indication of a reversal in trend (supported by other indicators as well). The One White Soldier should have the following characteristics. Bearish Candle followed by a Bullish Candle. If it is during a long downtrend, The Bearish Candle must be a new low in the downtrend(Counter Trend Trade). 1. The Bullish Candle must open Above the Close of the Bearish Candle Open2 Higher than Close1 ...

What are the Different Levels of FiRe ?

FiRe (Financial Independence / Retire Early) is a movement where a person has to adopt to a certain lifestyle with the goal of gaining Financial Independence and Retiring Early. I only got to know of this movement a few years ago after watching a video on Graham Stephen's Youtube channel. Just like Graham Stephen, I started adapting a frugal and savings lifestyle when I was young but there wasn't a name for this until Fi/Re was made famous. I got serious about Saving To Retire Early about 10 years ago after attending T Harv Eker's Millionaire Mindset seminar . I learned about the JAR system from the seminar and I have been practicing it without fail for the past 10 years. I am proud to say this has helped me tremendously to achieve my financial freedom goal. T Harv Eker has a book called " Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth " which I highly recommend. I wrote an article about the Money JAR System which you can read by c lic...

Trading Journey [ Part 2 ] - Consistent Set of Actions

The month of March2021 had been a rather rough month for me. I lost 100% in my Sell Put strategy for SPY due to the crazy volatility caused by the 10 year yield scare. I have since adjusted my Stop Loss to be triggered at 250% instead to avoid being stopped out from price volatility. I closed my PEPSI sell put option by manual cut loss 21 days before expiration which ended up bring profitable if I didn't cut early...another reason to stick with the original game plan instead of tweaking my exit plan halfway after entering the trade. I just realized 100% losses from my bull put strategy on APPLE and JNJ. The losses was a bit hard to take and do I decided to take more risks by not sticking with my game plan for my overall trading strategy and added more options trades which did not follow my rules and went beyond my trading size. Once such trade is I did a SELL Iron Condor on Facebook when it was trading at $260. I looked at the chart and saw it was in middle a strong Re...

FIRE SAMURAI

Search This Blog