Stocks
A loss in stocks for a consecutive month and this month was worse than the last. Even though I cut down on my trades, I did not cut down on the position size. In an uncertain market during the Apr-May period, I should trade with a much smaller size so that I err on the safe side. But I did not because I was unsatisfied of the potential profits if I win. My trades were driven by greed and this is dangerous and definitely a wrong mentality. I should approach it in 180 degrees change in perspective – Market is uncertain, the probability of win is not that high. I should sit out or if I want to try the best potential stock, I should play with a small amount.
Forex
This is the best forex trading month. This is also the first month that I used the new GMA system. I am happy that I capitalised on the weakening of EUR and AUD. I must remember this strong trending opportunities do not come very often. I should not go away with the idea that this profit is due to the change in the trading system. It is the market that provided the opportunity, not the system itself. I must continue to trade with a cautious approach.
You may also like:
- Trading Report Card – Apr 10
- Trading Report Card – Jan 10
- Trading Report Card – Nov 09
- Trading Report Card – Mar 10
- Trading Report Card – Feb 10
- Trading Report Card – Dec 09 and Year 2009
- Trading Report Card – Oct 09
- Trading Report Card – May 09
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{ 14 comments… read them below or add one }
Hi,
Which forex broker you are using?
What are the pro and cons?
Thank u.
Hi,
Which forex broker you are using?
What are the pro and cons?
Thank u.
Hey,
I did a search and found it.
Hey,
I did a search and found it.
you are not a fund manager or a full time trader. you don’t have to be in the market all the time. small or big your position might be, when market migrates south, you would not want to argue with it. you can sell before your stop loss is triggered.
you are not a fund manager or a full time trader. you don’t have to be in the market all the time. small or big your position might be, when market migrates south, you would not want to argue with it. you can sell before your stop loss is triggered.
Yes Ryan, maybe you are right
Yes Ryan, maybe you are right
Yes EURUSD and AUDUSD are in downtrend now. Capitalise on it.
Well done on your FX trading.
Yes EURUSD and AUDUSD are in downtrend now. Capitalise on it.
Well done on your FX trading.
I like your goal setting of $2000 SGD a month and publishing it. Some months I did not achieve it and felt impulsive to sell my holdings to show an “earnings” like $200 or $400, then worst cos it was supposed to be held for 3 or 6 months to realise its full potential. Then alas, further regret. So I like your mentioning of psychology. Therefore, when there are no earnings for Month 1 and 2, and when Month 3 I sold and earned, I average them to show that yes Month 1 2 and 3 did have some earnings. This seems healthy too.
And felt sad when your report card showing losses.
My system is fairly simple:
Stocks is safest investment if and only if this – we sell when it is above our buy. We buy well researched stocks (safe fundamentals). That’s the basic two principles.
E.g. when Genting went down, I won’t have a “stop loss” cos I have already believed in Genting since I believed on my fundamental research and thus had decided to buy it. So when it went down from 1.28 to 0.85, I bought a few more at 0.99.
I like your goal setting of $2000 SGD a month and publishing it. Some months I did not achieve it and felt impulsive to sell my holdings to show an “earnings” like $200 or $400, then worst cos it was supposed to be held for 3 or 6 months to realise its full potential. Then alas, further regret. So I like your mentioning of psychology. Therefore, when there are no earnings for Month 1 and 2, and when Month 3 I sold and earned, I average them to show that yes Month 1 2 and 3 did have some earnings. This seems healthy too.
And felt sad when your report card showing losses.
My system is fairly simple:
Stocks is safest investment if and only if this – we sell when it is above our buy. We buy well researched stocks (safe fundamentals). That’s the basic two principles.
E.g. when Genting went down, I won’t have a “stop loss” cos I have already believed in Genting since I believed on my fundamental research and thus had decided to buy it. So when it went down from 1.28 to 0.85, I bought a few more at 0.99.
Well done Den that you have a method that works in the market and for yourself. THere are many approaches to investing. I, too, do some fundamental investing as well as dollar cost averaging. On top of that, I trade on a time frame of days to weeks. I would say there are pros and cons in each method.
Well done Den that you have a method that works in the market and for yourself. THere are many approaches to investing. I, too, do some fundamental investing as well as dollar cost averaging. On top of that, I trade on a time frame of days to weeks. I would say there are pros and cons in each method.
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