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...
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