Tuesday, October 27, 2009

Bought DBS at 13.00

Bought DBS at 13.00. DBS seems to be supported at this level. 12.88 will be my cut loss. 13.4 is my target. Reward to risk is more than 3:1.

Thursday, October 22, 2009

Sold Wilmar at 6.35

Decided to sell as the previous day it dips below minor support of 6.35. Made a small profit. I think I will concentrate on going green more often and consistently. So this should be my 'greening' ticket for this month.

Tuesday, October 6, 2009

Still holding Wilmar

Okay, Wilmar gaps down to 6.11 by the time, I have no time to react that morning a few days ago. I am aware that 6.25 is a minor support, and 6 is a major support. I am prepared for this, to handle monster gap downs (but this is a small monster). Since 6 is nearby, I shifted to holding Wilmar with 6 as the support. Some of you will respect your cut loss and cut immediately. That is fine and good. For me, I feel trading should be more an art than mechanical science, hence I try to feel the trade with my whole brain (left and right, the logical and the creative). I believe whole brain functioning will build up intuition based on experience and actual decisions made.

Learn to make your own decisions based on risk management (risking 1% or 2% per trade) and just do it. Then you will grow.

Monthly Review of Trades (MRT Sep)

10/9 Long Wilmar 6.47
28/9 Close Wilmar 6.49

September P/L= -0.2R

Hmm, could have been... + 1.5R since Wilmar did went to a high of $7. Anyway, hindsight do not work, not unless you have a time travel device. So let it go and move on.

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