This is the month that I was trying out Dr Alexander’s Elder Ray indicator and Triple Trading Screen system. I made a mistake that any unseasoned trader would have made – getting excited and want to trade many counters to see if the system works. Initially, I was looking for a shorter term system with a higher accuracy but lower payout, so I thought this system would meet the criteria. However, my assumption of it being a relatively shorter term trading system than T3B, I got in and out trades too fast, resulting in small but unnecessary losses. The small losses that you see (<S$100) are incurred while using the system. I am not saying that the Triple Trading Screen with Elder-Ray indicator does not work but it was me that applied the rules wrongly. It is a rather patient system that have to wait for a longer term signal to give the green light to trade. The signal was not there or I skew my imagination that it was there – I just traded because I WANTED to trade.
Luckily, the strong trend was back during mid-July and I capitalized it with T3B system. I still have many paper gain trades that have yet to be closed. The longer I can hold them, the more profitable they should be. Closing 4 trades this month was enough to give me a gain. It emphasizes again on the unimportance of accuracy.
There is also a substantial shift in positions from HK market to Singapore market from the previous month. The reason being HK market was much more volatile as compared to Singapore and hence, the latter would not be susceptible to whipsaw.
Another important issue to highlight is that I have not included brokerage charges into the calculation. Judging from these number of trades, the charges become increasingly significant. A round trip transaction (buy and sell or sell and buy) would have cost me S$30 for SG stock CFDs or S$10 for HK stock CFDs. With 20 trades, I have made my broker approximately S$400 richer.
| Counter |
Date In
|
Date Out
|
Action
|
No. of Shares
|
Price In
|
Price Out
|
Profit/Loss
|
| Xtep |
260609
|
080709
|
Long
|
3000
|
HK$3.93
|
HK$3.56
|
-S$222
|
| Alibaba |
260609
|
130709
|
Long
|
1000
|
HK$14.10
|
HK$12.96
|
-S$228
|
| Sino YiZheng Chem |
300609
|
020709
|
Long
|
6000
|
HK$1.71
|
HK$1.59
|
-S$144
|
| Midas |
070709
|
090709
|
Short
|
4000
|
S$0.784
|
S$0.781
|
-S$12
|
| China Citic |
080709
|
090709
|
Short
|
2000
|
HK$5.08
|
HK$5.08
|
-0
|
| Olam |
080709
|
150709
|
Short
|
1000
|
S$2.320
|
S$2.230
|
+S$90
|
| CapitaComm |
080709
|
160709
|
Short
|
2000
|
S$0.789
|
S$0.835
|
-S$92
|
| Anta Sports |
090709
|
170709
|
Short
|
1000
|
HK$9.86
|
HK$10.09
|
-S$46 |
| Pac Andes |
150709
|
Long
|
7000
|
S$0.211
|
|||
| Allgreen |
160709
|
290709
|
Long
|
2000
|
S$0.985
|
S$1.185
|
+S$400
|
| Golden Agri |
160709
|
290709
|
Long
|
6000
|
S$0.335
|
S$0.395
|
+S$360
|
| City Dev |
160709
|
Long
|
500
|
S$8.880
|
|||
| Indo Agri |
160709
|
Long
|
2000
|
S$1.190
|
|||
| Wheelock |
160709
|
280709
|
Long
|
1500
|
S$1.620
|
S$1.840
|
+S$330
|
| UOL |
200709
|
Long
|
1000
|
S$3.320
|
|||
| Shanghai PetroChem |
200709
|
Long
|
5000
|
HK$2.990
|
|||
| Wheelock |
240709
|
280709
|
Long
|
3000
|
S$1.791
|
S$1.840
|
+S$147
|
| Capitaland |
240709
|
Long
|
1500
|
S$3.930
|
|||
| Olam |
240709
|
Long
|
2000
|
S$2.430
|
|||
| CNPC |
270709
|
Long
|
2000
|
S$7.30
|
|||
| Sino-Ocean Land |
270709
|
Long
|
1500
|
HK$8.80
|
|||
| Beijing Capital Land |
270709
|
Long
|
3000
|
HK$3.52
|
|||
|
Total
|
+S$629
|
||||||
You may also like:
- Trading Report Card – Jun 09
- Trading Report Card – May 09
- Trading Report Card – Apr 09
- You can lose money even if you select the right stocks
- Trading Profits in relations to Time and Accuracy
- Review – Insight to a Professional Trading Career
- Handbook on Forex Trading by Nicholas Tan
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
{ 8 comments… read them below or add one }
” A round trip transaction (buy and sell or sell and buy) would have cost me S$20″
Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size.
” A round trip transaction (buy and sell or sell and buy) would have cost me S$20″
Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size.
Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it’s commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it.
Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it’s commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it.
For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position.
For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position.
Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close.
Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion.
Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close.
Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion.