Stocks
| Counter |
Date In
|
Date Out
|
Action
|
No. of Shares
|
Price In
|
Price Out
|
Profit/Loss
|
| IndoAgri | 23/11/09 | 15/1/10 | Long | 1,000 | S$1.850 | S$2.350 | S$500 |
| Ho Bee | 16/12/09 | 13/1/10 | Long | 3,000 | S$1.581 | S$1.810 | S$647.46 |
| Straits Asia | 16/12/09 | 8/1/10 | Long | 2,000 | S$2.350 | S$2.560 | S$381.68 |
| OCBC | 17/12/09 | 7/1/10 | Long | 1,000 | S$8.710 | S$8.99 | S$238.69 |
| UOL | 23/12/09 | 11/1/10 | Long | 1,000 | S$3.970 | S$4.010 | S$5.32 |
| Genting | 28/12/09 | 22/1/10 | Long | 4,000 | S$1.210 | S$1.20 | -S$78.82 |
| IndoAgri | 29/12/09 | 15/1/10 | Long | 1,000 | S$2.180 | S$2.350 | S$170 |
| Suntec REIT | 7/1/10 | 22/1/10 | Long | 3,000 | S$1.39 | S$1.33 | -S$214.68 |
| Anhui Tianda Oil Pipe | 11/1/10 | 18/1/10 | Long | 6,000 | HK$4.26 | HK$3.96 | -S$391.51 |
| Venture | 15/1/10 | 22/1/10 | Long | 1,000 | S$9.32 | S$9.05 | -S$304.45 |
| Zhuguang Holdings | 26/1/10 | 27/1/10 | Long | 8,000 | HK$2.17 | HK$1.97 | -S$354.35 |
|
Total
|
S$599.34 | ||||||
My trading goal that I set for this year is to make an average of S$2,000 every month. Please do note that trading income is never consistent, and it can vary greatly month to month. Although I use the word “average”, it may mislead to I aim to attain S$2,000 every month. It makes more sense to use the total value for the entire year where S$2,000 per month will translate to S$24,000 by end of this year. With this month’s profit of S$599.34, I am left with S$23,400.66 to achieve for the rest of the year. I think it is easier to measure this way.
What I am disappointed with myself is making the last two trades. After knowing the market is turning down for a retracement, I still went in the market. The 2 wrong trades eroded part of my profits and once again, paid for the lesson titled, “know when not to trade”.
FOREX
| Counter |
Date & Time In
|
Date & Time Out
|
Action
|
No. of mini contracts
|
Price In
|
Price Out
|
Profit/Loss
|
| AUD/USD | 13/1/10 | 13/1/10 | Long | 1 | 0.9259 | 0.9222 | -US$37 |
| USD/CAD | 14/1/10 | 19/1/10 |
Short
|
1 | 1.0306 | 1.0319 | -US$12.60 |
| AUD/USD | 29/1/10 | 29/1/10 | Short | 1 | 0.8932 | 0.8956 | -US$24 |
| Total | -US$73.60 | ||||||
My trading goal that I set for FOREX is to make an average of S$200 per month. Hence, following the yardstick for stocks, I will need to attain a total of S$2,400 from FOREX trades this year. This month’s loss of -US$73.60 will stretch my goal to S$2,503.78.
For this month, I tried to be more selective for my FOREX trades and enter only when there is a higher chance of winning (except the last trade). I need to gain confidence and learn to apply the right analysis to trade. Persevere!
{ 1 trackback }
{ 2 comments… read them below or add one }
Personally I think its time to realise your profitable positions. My model shows that equity market globally is going to fall.
You are right. It is not a good market condition to have any position now.