Yes....had a few bad calls for both stocks and forex trades therefore kena "whacked".
So this coming week...must step back to regroup before cheonging in again haha.
For forex....got only another 3 more days to trade before end of the June month. So far, only managed to grow fund by 300+% after several mis-steps in the past 10 days.
Esp on Eur/USD on 17/6 and USD/JPY for this week. These mis-steps costed me nearly another 200+% profit.
As for the moment....somehow kind of loss the direction to call for the major pairs. Must wait and see.
Saturday, June 26, 2010
Friday, June 25, 2010
TGIF
Stocks - down hill since Tuesday till now, kena whacked nicely.
Forex - Loss back what I made on Monday and Tuesday on Wednesday when the JPY strengthen. Thursday and Friday...I step back and placed just a few "long" trades again on USD/JPY and Eur/JPY, all kena "stopped out". Shit!
Lesson learnt - sometimes nothing goes right and best to stop and take a step back to review what went wrong both for stocks and forex. Conclusion is that I was too impatient to wait for a proper set-up to happen and was too kancheong spider to cheong. Now staring at 5-figures loss! Stocks is too risky!!
Forex - Loss back what I made on Monday and Tuesday on Wednesday when the JPY strengthen. Thursday and Friday...I step back and placed just a few "long" trades again on USD/JPY and Eur/JPY, all kena "stopped out". Shit!
Lesson learnt - sometimes nothing goes right and best to stop and take a step back to review what went wrong both for stocks and forex. Conclusion is that I was too impatient to wait for a proper set-up to happen and was too kancheong spider to cheong. Now staring at 5-figures loss! Stocks is too risky!!
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 ).
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 ).
Subscribe to:
Posts (Atom)