Well....I am happy for those lucky souls having fun and going oversea for their holiday, that is the way to go in life. But for me....well, maybe next year if things go as plan....I might also enjoy this period. Until then....I will just have to envy other people.
Since I have said that I shall treat my present place as my fun place esp the pools, sauna, gym, makan places and Bt Timah hill....so be it for now lor. Now also ramp-up time at work. Nothing to complain about...since at most I will be doing this for the next 9 mths before the whole place shut-down! Not likely there will be a last minute change of plan too. I might as well enjoy the time and work....together with the rest of the crew.
For the Forex and Stock trading thingy....no trading for Forex for the week but lost in the stocks esp HK stocks due to the fact that it is winding down for the year. I have no experience with the market there, the lucky thing was that I am just starting out as the bets were not too much....therefore same with the losses too.
4D....no luck too, anyway I have also cut down on it too. So it is manageable.
Looking forward to my bonus hehehe and the "return of my pay cut for Oct to Dec" that is 30% of my pay. Then....by Jan 2010, it is back to normal for my pay. Things are really looking great for the company too....the share price has gone from US$3+ to present US$17+. Hehehe....I still have some option shares left plus this year employee's one. Wow....should be a nice bonus in time for Chinese New Year if I sell them by then.
For the family....well, things are going on fine. All are in good health and busy with their own stuff. For the other thingy....well, I am already used to the idea it's in the past. So I shall let the sleeping dog rests....no point to rekindle the passion and whatever!
Saturday, December 19, 2009
Friday, December 18, 2009
Seem like the Asian markets are having correction now
Yes....esp HK, SSE and Kospi are having a correction. People are taking out the money to park away from the markets. Esp the fund managers....and those who had already earned their keep for this year. They can close down for the year....to go on holiday with family since it's the school holiday time or just to relax at home.
Not having a great time for my trading....already suffer losses on over the past few days. Today....again already stopped out for all of my trades total 4 counters.
Not having a great time for my trading....already suffer losses on over the past few days. Today....again already stopped out for all of my trades total 4 counters.
Thursday, December 17, 2009
The story of the baby whale
Yes....I went to Waterloo Temple to pray pray and also to ask for guidance for my luck. Got a chaim see....No 2 and it was about the story of the baby whale.
POWER.....really understand what the story is all about esp in relationship with my stock / forex trading. How the baby whale is dependent on the mother whale and to better protect itself....it must swim in shallow water and not to venture too far out and away from the mother whale. Must always remember that since it's a baby, it has not enough experience to deal with dangers from other bigger fishes eg killer whales & sharks and men!!! esp from Japan hehehe!
In it....is the warning about losing money if doing any form of gambling /investment esp if have not proper understanding of the whole situation. And true....to it, immediately the Hong Kong stock market went south. In fact....I had time to react but I didn't do anything. In the end....I lost!
By today....I lost back what I made last week plus 20% more. Just in 2 days....lost a total of 28+% of my total funding. Well....at least, this made me realised that it is also possible to make the same if I do the right trade. One of my mistakes...was to open too many counters and that made it hard to monitor. The thing is....when the market turns down....even the good counters went down with it, yes...maybe in small %age. Same thing for up market....even rubbish stocks will go up too in bullish market.
Now that I understand this....I will do my trade accordingly to market condition for that day. Also to trade up to max 3 counters.....easily to monitor and to re-act accordingly to situation faster. Trading right is all about fast decision and no regret. In fact....if can trade with no emotion then, half the battle is won!
Now it's time back to the drawing board and to re-think what I should improve my trading better and to pick the right stock.
POWER.....really understand what the story is all about esp in relationship with my stock / forex trading. How the baby whale is dependent on the mother whale and to better protect itself....it must swim in shallow water and not to venture too far out and away from the mother whale. Must always remember that since it's a baby, it has not enough experience to deal with dangers from other bigger fishes eg killer whales & sharks and men!!! esp from Japan hehehe!
In it....is the warning about losing money if doing any form of gambling /investment esp if have not proper understanding of the whole situation. And true....to it, immediately the Hong Kong stock market went south. In fact....I had time to react but I didn't do anything. In the end....I lost!
By today....I lost back what I made last week plus 20% more. Just in 2 days....lost a total of 28+% of my total funding. Well....at least, this made me realised that it is also possible to make the same if I do the right trade. One of my mistakes...was to open too many counters and that made it hard to monitor. The thing is....when the market turns down....even the good counters went down with it, yes...maybe in small %age. Same thing for up market....even rubbish stocks will go up too in bullish market.
Now that I understand this....I will do my trade accordingly to market condition for that day. Also to trade up to max 3 counters.....easily to monitor and to re-act accordingly to situation faster. Trading right is all about fast decision and no regret. In fact....if can trade with no emotion then, half the battle is won!
Now it's time back to the drawing board and to re-think what I should improve my trading better and to pick the right stock.
Monday, December 14, 2009
Blue chips or index stocks
Yes....came to realise that it is much better and safer if trade only with blue chips or Index stocks. This is due to the fact....better margin and easier to be in/out of a trade. The same applied to SGX and HK stocks.
Now...I traded mainly on HK stocks. So many stocks to choose by and in high volume too.
That way....also safer as can get out faster.
I want to learn about Swing trading and Day trading. I have read-up and printed out quite a few great ideas about both. Yes....esp at this moment, I cannot strictly depend on what was taught at T3B....that method would have work-out well during the early bull-run ( esp from Mar to Jul 09 ) but since now we are at the "toppish" end of the trend....gotto stay nimble and not too greedy. Still....should have another nice run-up before the whole bull-run runs out of "gas" which I predict should happen around Feb or Mar since everyone had said that the next Qtr GDP...should be on the high end, then follow by lower close qtr by qtr until the last Qtr. Well...base on that and looking around....that should be about right!
Now...must plan to trade according to the above which means that I should be "shorting" stocks at about the end of the 1st Qtr or around Apr....let the whole situation become clearer. A falling market....should be a profitable market too.
Now...I traded mainly on HK stocks. So many stocks to choose by and in high volume too.
That way....also safer as can get out faster.
I want to learn about Swing trading and Day trading. I have read-up and printed out quite a few great ideas about both. Yes....esp at this moment, I cannot strictly depend on what was taught at T3B....that method would have work-out well during the early bull-run ( esp from Mar to Jul 09 ) but since now we are at the "toppish" end of the trend....gotto stay nimble and not too greedy. Still....should have another nice run-up before the whole bull-run runs out of "gas" which I predict should happen around Feb or Mar since everyone had said that the next Qtr GDP...should be on the high end, then follow by lower close qtr by qtr until the last Qtr. Well...base on that and looking around....that should be about right!
Now...must plan to trade according to the above which means that I should be "shorting" stocks at about the end of the 1st Qtr or around Apr....let the whole situation become clearer. A falling market....should be a profitable market too.
Monday trades
Yes....remember that the Dubai thingy would be the main theme for today's trading, so I didn't do much trading. In fact...when the HK stock open for biz at 10am, the market just went into a tail-spin of 200+ points and continue till 300+ by 11am, luckily since I have clear most of my positions on Friday...I went for a swim and sauna at 1130am.
By the time...I was back at 1.40pm, the HK market had recovered and added some 30+ points to the positive. So...when the market re-started after the lunch break, I started to monitor the market and lookout for good buys. Since it recovered so fast, I keep my distance....and true enough after 1 hr of the re-start, some stocks started to fall back into negative. So....scan the HK Index stocks for buys. Spotted a few stocks with a nice upwards trend lines.
So watch out out the list and finally I went in for a couple of cheapo stocks. Johnson Elect and Global Bio-chem at just before the close as the Dow futures is showing a nice
up day.....70+. Learned for past experience, if Dow can closed higher....then most other markets would follow the following day esp at the open. And since I decided to do day-trade....this method can work out well.
So....shall up-date on my finding for above tomorrow.
By the time...I was back at 1.40pm, the HK market had recovered and added some 30+ points to the positive. So...when the market re-started after the lunch break, I started to monitor the market and lookout for good buys. Since it recovered so fast, I keep my distance....and true enough after 1 hr of the re-start, some stocks started to fall back into negative. So....scan the HK Index stocks for buys. Spotted a few stocks with a nice upwards trend lines.
So watch out out the list and finally I went in for a couple of cheapo stocks. Johnson Elect and Global Bio-chem at just before the close as the Dow futures is showing a nice
up day.....70+. Learned for past experience, if Dow can closed higher....then most other markets would follow the following day esp at the open. And since I decided to do day-trade....this method can work out well.
So....shall up-date on my finding for above tomorrow.
Friday trades
Wah....not bad as I clear most of my outstanding trades by the morning. Managed to swing back in the black.
And also with very little load to worry about over the weekend. I read about the swing trading method that which I tried out. So far....got positive result.
And also with very little load to worry about over the weekend. I read about the swing trading method that which I tried out. So far....got positive result.
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