Boohoo, I am giving away my profits. Okay, I messed things up. I am not in the right frame of mind. Things should sometimes be as simple as just cutting your defined losses right away.
Learn from my mistake. When you are bleeding, just stop it and walk away.
This title came about when I stumble upon a book: 'The Clipper Ship Strategy: For Success in Your Career, Business and Investments' by Richard Maybury. I am an automated forex trader and strategy programmer. Yes I trade my own forex strategy written by myself from scratch. I also trade the Singapore stock market occasionally when the opportunity presents itself. This blog hopes to educate traders not investors.
Tuesday, January 26, 2010
Tuesday, January 19, 2010
Still holding on
Eeeks never cut my loss. But anyway I like to think intuitively at times. So another excuse not to cut. But really I check myself, and I do not feel much about the loss. So since CityDev is at the major support now, I will see what happens. If it looks bad, I really should cut it.
Anyway, a review of all my trades should be in place. Just cannot find the time to do it. Maybe I should change my strategy, maybe I should tweak a little. Maybe just maybe...
Got to have a life you know! Man so busy these days...
Anyway, a review of all my trades should be in place. Just cannot find the time to do it. Maybe I should change my strategy, maybe I should tweak a little. Maybe just maybe...
Got to have a life you know! Man so busy these days...
Thursday, January 14, 2010
Bought DBS at 15.26, CityDev at 11.72
I have decided to enter both as I am pretty undecided between these 2. Anyhow I am thinking of exercising more muscle into my trading and getting used to a bigger R amount. Hence I went in both.
Wednesday, January 13, 2010
Sold Capitaland at 4.21
Made a small profit on Capitaland. Will be stalking the market for favourable setups.
Monday, January 4, 2010
Monthly Review of Trades (MRT Dec)
7/12 DBS long at 14.78
10/12 sold at 14.58
P/L: -1.4R
Happy New Year, folks!
10/12 sold at 14.58
P/L: -1.4R
Happy New Year, folks!
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