316 lots buy and 316 lots sell. That's what i did on Monday. Its was a crazy crazy day for trading. It started well, I long 10 lots at 3196, covered my position at 3200. Shorted 20 lots at 3200 and waited. It went down to low 80s. I was ecstatic, well I waited too long, it came back up my price, breach 3210. I had to cut my position at 3215. From a profit of 8-9k, I was suddenly down 7-8k. Never mind ! I continued banging it it up or down, at one point, I was down 11k. I can't really remember much after that.
What really irks me was some traders think that they can intimidate others by parking large amounts on the buy side so that they can get out on the sell side. It's so bloody unethical the way they play.I missed a 38 lots parked at 3235 by mere seconds. If I see you do that I would freaking cleared you out. DIE ! DIE !
After the lunch break, I finally broke even, at the end of day I was up about 5400 before comm. I was totally exhausted. All I wanted to go home and see my baby What a day ! What a day !.
Tuesday, November 9, 2010
Monday, November 8, 2010
Nov
Looking back at Oct, my average win per day is around 2k. So my game plan for this month was just to do an average of 2k a day, 10k a week, 40k a month. And the week started off pretty good. I made about 2600 on Monday, Tuesday about 2000, I was performing as I wanted. Come Wednesday, I was hit with a 4000 loss. I was looking at the ringgit, it was trading at 3.082. I decided to long over night at 3085. When I checked the soy price at nit, it was down 17. Sigh....I just closed my eyes and went to sleep.
My only thought was to break even on Thursday. When it open at 3011, I was happy. I bought another 5 lots at 3011. Closed my position at 3040, 3042. Idiot! Went for breakfast and did nothing after that. After the lunch break the market gap up about 20 points, I was truly cursing myself. At 5.15, I checked my p/l, I was up 14000, I decided to just go home for the day.
It's true, you get what you want from the market. I got my wishes. I was up 13k for the week. The thing is I need to choose when to play big. On days like this I should have gone home with more. I should be playing 20-40 lots per trade. Sigh.........
My only thought was to break even on Thursday. When it open at 3011, I was happy. I bought another 5 lots at 3011. Closed my position at 3040, 3042. Idiot! Went for breakfast and did nothing after that. After the lunch break the market gap up about 20 points, I was truly cursing myself. At 5.15, I checked my p/l, I was up 14000, I decided to just go home for the day.
It's true, you get what you want from the market. I got my wishes. I was up 13k for the week. The thing is I need to choose when to play big. On days like this I should have gone home with more. I should be playing 20-40 lots per trade. Sigh.........
Tuesday, November 2, 2010
Oct
Last Monday ended with 7850 lost. From a profit of 4500 to a 7850 lost. I think this feeling is the worst, knowing that you've won and lost it all.
My P/L before comm for the rest of last week.
26/10/10 3900
27/10/10 2950
28/10/10 1125
29/10/10 3400
After comm, I was up around 10k for the month of Oct.
This year has not been a good year for me. My losses have become so uncontrollable. Losing 10-20k a month is the norm but losing 50k a month, that is just too much. I only managed to win in Mar, Jul, Aug and Oct. That is really pathetic. Considering I been quite consistent over the last four years. Looking at my winning years, I was single and had no commitment. I had ample trading capital. In conclusion, I had no pressure at all.
This year, I have a wife and newborn to take care of. Furthermore, a 3200 monthly car payment. My expenses per month easily exceed 10k a month. Sigh....Being human, I like to blame others for my misfortune but all my misery is sown upon myself. I over-traded, took heavy losses, was too emotional. Most of the time, all I need to do is just walk away...
My P/L before comm for the rest of last week.
26/10/10 3900
27/10/10 2950
28/10/10 1125
29/10/10 3400
After comm, I was up around 10k for the month of Oct.
This year has not been a good year for me. My losses have become so uncontrollable. Losing 10-20k a month is the norm but losing 50k a month, that is just too much. I only managed to win in Mar, Jul, Aug and Oct. That is really pathetic. Considering I been quite consistent over the last four years. Looking at my winning years, I was single and had no commitment. I had ample trading capital. In conclusion, I had no pressure at all.
This year, I have a wife and newborn to take care of. Furthermore, a 3200 monthly car payment. My expenses per month easily exceed 10k a month. Sigh....Being human, I like to blame others for my misfortune but all my misery is sown upon myself. I over-traded, took heavy losses, was too emotional. Most of the time, all I need to do is just walk away...
Monday, October 25, 2010
Aaargh !
I was writing about my demons in the morning and they are pissed ! Started really well today, I was up RM 4500 and you what ? When the market closed, I was down - 800. I further amplify my stupidity by shorting 2 lots over lunch session. When will I ever learn ? NEVER !!!!
Start of a new week
I was a bit lazy writing long essays about my trades. I had remarkable week, breaking even on Wed 20th of Oct.
What I manage to make for the week :
Tuesday 19th Oct, I made 1500
Wed 20th Oct, I made 2325
Thursday 21st Oct, I made3500
Friday 22nd Oct, I made 1900.
It took me 8 days to make back 17k. At the end of the week, I was up another 5k. 22k in two weeks.Nothing to be proud of, really ! If I didn't blew 17k in one day, I would have a nice comfortable income for this month. I am truly my worst enemy. I've been trading for the past 10 years yet I could not conquer this demon that lies within.
It's going to be an interesting start to the week. Soy is now up 1.04. What should I do ?.
What I manage to make for the week :
Tuesday 19th Oct, I made 1500
Wed 20th Oct, I made 2325
Thursday 21st Oct, I made3500
Friday 22nd Oct, I made 1900.
It took me 8 days to make back 17k. At the end of the week, I was up another 5k. 22k in two weeks.Nothing to be proud of, really ! If I didn't blew 17k in one day, I would have a nice comfortable income for this month. I am truly my worst enemy. I've been trading for the past 10 years yet I could not conquer this demon that lies within.
It's going to be an interesting start to the week. Soy is now up 1.04. What should I do ?.
Tuesday, October 19, 2010
Tuesday
Cpo opened at 2896. After opening, it went south so quickly I didn't managed to do anything. It hit a low at 2880 and climbed back up 2893. I shorted 5 lots at 2892 and another 5 at 2890. Well, it went down to 2885 and started crawling back up. I got worried and closed out 5 lots at 2890. There was 100 plus lots parked at 2895 and guess what ? The buyer cleared out the sellers at that price.
After clearing out 2895, the buying suddenly stopped. Slowly it went back down. I tried to sell more but I was too slow to react. When the price went below 2890, I didn't really wanted to do anything. So I hopped for the best. It reached a new low at 2877. Idiot ! There was 20+ lot 2883. I knew I had to get out there. When someone hit 2883, I got out. The buyers were piling up at 2881, 2882. I parked 5 lots at 2883 but I only managed to get 3 lots. I bought another lot at 2885 and waited.
I checked my queue and found out that I had parked 5 lots at 2892 and another 5 at 2894. When the price hit 2890, I quickly revised the 5 lots at 2892 to 4 lots. I must have parked it really early cos it got hit ! I turned short again at 2890. I look at the buyer queue and started wondering where to get out. I parked 4 lots at 2885 and the balance at 2886. Must be my lucky day, all parking were hit. After an hour of trading, I have a profit of 2600 before comm.
I was supposed to take a piss before market opened but was too lazy. When I started to have illusions of me pissing, that was it, I flew off to the toilet. A word of advice, please empty your bowels before you start to trade.If you think Klcc's premier toilets are expensive then you are WRONG ! I once took a dump and came back to see I have lost 1k. Now that is expensive !
After clearing out 2895, the buying suddenly stopped. Slowly it went back down. I tried to sell more but I was too slow to react. When the price went below 2890, I didn't really wanted to do anything. So I hopped for the best. It reached a new low at 2877. Idiot ! There was 20+ lot 2883. I knew I had to get out there. When someone hit 2883, I got out. The buyers were piling up at 2881, 2882. I parked 5 lots at 2883 but I only managed to get 3 lots. I bought another lot at 2885 and waited.
I checked my queue and found out that I had parked 5 lots at 2892 and another 5 at 2894. When the price hit 2890, I quickly revised the 5 lots at 2892 to 4 lots. I must have parked it really early cos it got hit ! I turned short again at 2890. I look at the buyer queue and started wondering where to get out. I parked 4 lots at 2885 and the balance at 2886. Must be my lucky day, all parking were hit. After an hour of trading, I have a profit of 2600 before comm.
I was supposed to take a piss before market opened but was too lazy. When I started to have illusions of me pissing, that was it, I flew off to the toilet. A word of advice, please empty your bowels before you start to trade.If you think Klcc's premier toilets are expensive then you are WRONG ! I once took a dump and came back to see I have lost 1k. Now that is expensive !
Monday, October 18, 2010
Monday
I survived Friday. Cpo opened at 2934. Took a long position at 2935 but I got scared cos the seller kept hitting the price down. I got out of the position, turned short at 2936. Again, I made the mistake by selling above the opening price. When prices edged higher to 2940, I shorted another 5 lots. I now have a total of 10 lots nett short. That was another text book mistake, averaging your lost. The price shoot up to 2948 or 9, I can't remember.My average price was 2938 which means I now have a paper lost of 2500. Idiot ! I scolded myself, why do I kept doing mistakes like this.
If the price hits 2950, I would have to cut my losses. Another 3k lost if i did but I held on, the price eventually eased back to my average price. When the price hit 2936, i thought to myself, better get the fuck out. I closed 5 lots, my average was now 2940. The price hit the low of 2927. I closed my position at 2928. Pheww ! I was now in the money. Felt even better when the price climbed back up to 2940. I shorted 1 lot at that price and closed it 2933. I now have 1700 before comm, decided to go home. So that was Friday.
Monday...I think It's very important to have a winning start. You do not want to spent the whole week covering up the mistakes that you made on Monday. Here goes, another 6 mins before market opens, so I decided I should now take a piss.
If the price hits 2950, I would have to cut my losses. Another 3k lost if i did but I held on, the price eventually eased back to my average price. When the price hit 2936, i thought to myself, better get the fuck out. I closed 5 lots, my average was now 2940. The price hit the low of 2927. I closed my position at 2928. Pheww ! I was now in the money. Felt even better when the price climbed back up to 2940. I shorted 1 lot at that price and closed it 2933. I now have 1700 before comm, decided to go home. So that was Friday.
Monday...I think It's very important to have a winning start. You do not want to spent the whole week covering up the mistakes that you made on Monday. Here goes, another 6 mins before market opens, so I decided I should now take a piss.
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