Thursday, July 01, 2010

Trading up-date

Stocks - well, there isn't a window dressing for the qtr-end. And since I was "long" for that, I got "whacked" and end-up with a 25% loss for my fund with a couple more stocks to clear still. Nett nett....the loss may amount to 30+%.

For Forex - for the whole month only managed to make 180% for my funding after nearly chalking up over 300% during the first 10 days after that I made changes to my trading plan and from then on kena whacked by a few wrong calls esp on Eur/USD and USD/JPY. Even today...got whacked by both, so I started this month on a losing streak. In fact....for the past few days I am trading less. Just unable to focus on
forex becoz of my positions on stocks.

Conclusion - June is a losing month for me mainly due to the losses from stocks, my winning from Forex is not enough to off-set the loss. Another lesson learned is don't be too smart and try to change a winning trading plan until it became a losing trading plan....
Posted by at 8:02 AM

3 comments:

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

the good thing is that wifey is getting a "hang" of my earlier trading method but due to her in-experience she is trading small.

have told her to continue with her style until the end of this month and if she can show a nice profit then she can increase her trading lot size from mini to half-standard
(10K ) to (50K) since she has her own account open with mfg. now she is trading on my Onoda account.

8:21 AM
wINtoTo N aLSo 4D...yEAh! said...

Oh...she is scalping the pips! that is what I did earlier until I changed my method to find bigger wins and hanging on to my losses until cannot tahan anymore!

that way...I end-up with big losses instead of small losses! and no big winner becoz of wrong calls.

8:25 AM
wINtoTo N aLSo 4D...yEAh! said...

4D...not too bad but no top price. Just kena some starter prices and horse shit too.

still nearly a couple of grands.

10:42 AM

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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.