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.
Friday, October 15, 2010
Friday
I hate working on Friday. The amount of money I have lost on Friday, I could easily bought a new beemer. Please don't eat fire. I can't afford another 5 figure lost this month.
Story of my life this year. Nothing seems to go my way. Started with a mistake, a 10 lot mistake but I made 2k. Good start to month but shit happens. The next day I took a 17k loss. WTF ! Took the next day off. Monday started off wth a bang. market went up 160 points. Couldn't make a dime to save my life in the first half, but eventually I made about 4k. Tues 2k +, Wed 2k+, Thursday 2k+ and now today, the dreaded Friday.
Another 7-8k left to cover. Please don't mess up !
Story of my life this year. Nothing seems to go my way. Started with a mistake, a 10 lot mistake but I made 2k. Good start to month but shit happens. The next day I took a 17k loss. WTF ! Took the next day off. Monday started off wth a bang. market went up 160 points. Couldn't make a dime to save my life in the first half, but eventually I made about 4k. Tues 2k +, Wed 2k+, Thursday 2k+ and now today, the dreaded Friday.
Another 7-8k left to cover. Please don't mess up !
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