Thursday

Yes, my 2nd favorite football team won the WC2010 and I am happy that they finally done it. Of course, it went into extra time and so on. Still....Spain managed to do
itself an big favor at the end.

Now...back to work again and I have the time to read up some Forex e-book that I bought via the Internet. No chance to read when not working....due to busy on the pc to trade the forex or during the day ...stock.

Stock...screwed up and over sold 12 lots of Sound Global on Monday, therefore on Tuesday got a call from the remisier to go down to the office to open new "scrip loaning account" or face a penalty from SGX for selling "short". No choice but to get things sort-out. Luckily by the time, she bought back I managed to make $250 after minusing the charges and commission for the whole deal....42 lots. Cannot buy back just 12 lots...I don't want to argue why not, since the price has dropped by the time of the buy back. Today....I sold off the 30 lots at the same price that I sold on Monday...so, not a bad deal lor. For the rest of my HK holding eg SMIC and China food, they are still holding inspite the big drop for HK index today.

Forex....again 2 steps forward and 3 steps backwards so far this week. Did well enough on Monday and Tuesday then come Wednesday kena "bite". In fact....due to my stubbornness of not wanting to close and lose a small amount that I end-up kena whacked by nearly 10% of my fund. When I saw my second entry started to lose the "pips", I checked the other time frame for my pair and I found I have entered
with a wrong set-up. But since I have entered I tried to save the situation by entering the 3rd position....and I was back to make some money within 10 mins but I end-up being greedy and added a 4th position. Then....it just dropped nearly 40 pips
straight down right before my eyes. I was stopped out for the first 2 positions and down by more than 20+ pips for my last 2 positions. Instead of adding positions to try to ave down....I decided to just take my chance with the 2 positions. Yes, they managed to recover most of their losses until another sudden drop of more the 30+pips that wiped out my last 2 positions. Learned a lesson not to be lazy when trading and to check the set-up carefully before entering a trade. If not within set-up then place a limit order to sell/buy. No need to enter blindly.

4D....kena makan.