Monday, June 21, 2010

Monday up-date

Stocks - Up from the start of market opening, managed to buy Foxconn as plan but also picked up some Sino Bio-pharm when I noticed that it went further "south".
And it already went further down after I bought a lot size ( HKD50K ), and to see
it ate up my 2nd order too. It just went straight down from HKD3.15 to HKD2.95 before it retraced higher. HENG AH....I sold the 2 lots size when it got back to HKD3.15/6...sold at 3.15 when I noticed no more strength to go higher. Yes, after I sold it went down to HKD3.05 before settling to trade around the HKD3.07 to 3.13 range. I placed another order at HKD3.07 and it was triggered in the afternoon trade.
Also sold off Foxconn but picked up PetroAsian Energy Holding at 73 cts and SMIC at 69 cts near the close after noticing US Futures was showing a gain of 120 points. Now left with Sino Bio-pharm ( btw it's candle stick pattern is a "hammer" - so it will be a nice bounce tomorrow if US market is up tonight ), PetroAsian Energy Holding and SMIC for HK market.

For SG market....bought Cosco at S$1.55, Sound Global at 91.5 cts and 93 cts.

For tomorrow trading plan....planning to pick-up more Sino Bio-pharm and PetroAsian Energy Holding if it is a "up trading day" and to monitor China Food and Guangzhou Pharm for buying if within set-up. Foxconn...can buy if it is below HKD5.90 and only if it is a "up day" for the HK market.

My believe is it will be a "up day" for most markets...since US is now trading with a 100+ points gain. Have only now till end of the month to make some money...qtr/yr end closing therefore there shall be some window dressing going on by the fund managers and companies.


Forex - make some coffee money trading the Eur/USD pair in the evening. Only 1 trade since I am not at home to monitor and scalp some pips. In fact...this order was placed before I went to work at 6pm. It was triggered around 8+pm and it was closed
after a gain of 40+pips.

I won't be able to focus on forex trading at present becoz my money is almost in stocks, so I shall focus on stock for the mean time until end of this month. Hope to make some nice profits too....hehe. Why???...becoz I have only a one-track mind and I cannot multi-tasks "well". In trading...esp for myself, I must be totally focus with what is in front of me during trading hours. Yes, I do go for swim, gym, sauna and feed fishes when I need to step back to re-focus ( that is if I lose money and the market is like shit ).

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

since I am working tonight...OT to cover for my counter-part, I am very tired now and also sleepy.

wINtoTo N aLSo 4D...yEAh! said...

If...I cannot tahan tomorrow then I will slow down my stock trading and just do some position clearing if the price is right esp at the start of trading!!

Usually gap-up if US market close nicely with profits!

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.