To compound my woes, I traded CF, which is a relatively unknown counter for me, thus made a bad rookie mistake. Today's profit is relatively very low. US$195.11 low.
Just goes to show, that I am not invincible from losses. I'm only human!!
Tuesday, January 26, 2010
25 Jan OIH CF
I really had some problem reading the market today. First it was the Gap ups that were seen in lots of the counters. Then there was the bullish market today. So it was difficult to gauge when did price normalization occur.
To compound my woes, I traded CF, which is a relatively unknown counter for me, thus made a bad rookie mistake. Today's profit is relatively very low. US$195.11 low.
Today's ROI was also very low, which is 1.5% after deducting comission.
Just goes to show, that I am not invincible from losses. I'm only human!!
To compound my woes, I traded CF, which is a relatively unknown counter for me, thus made a bad rookie mistake. Today's profit is relatively very low. US$195.11 low.
Just goes to show, that I am not invincible from losses. I'm only human!!
Thursday, January 21, 2010
21 Jan AAPL GS X
For the first time in days, possible weeks, predictions were easier made at the early stages of opening time. Thus, trading time were shorter (as compared to last night). Due to the short trading time, I now have the time to update the blog.
Today's trade were all puts, although this is not to say the market was always bearish. The Nasdaq did show some bullishess. The same cannot be said for both the Dow and S&P.
Here is the summary for 21 Jan Trades.
Total Profit of US$3,839.68 or 14%. All profits are after deducting broker commissions.
Results for 20 Jan were not too bad.. But I did make a loss of US$30 on one trade, however total net profit was as follows
Total Profit was US$1,692.17 or 11.8% after deduction of commission.
Today's trade were all puts, although this is not to say the market was always bearish. The Nasdaq did show some bullishess. The same cannot be said for both the Dow and S&P.
Here is the summary for 21 Jan Trades.
Results for 20 Jan were not too bad.. But I did make a loss of US$30 on one trade, however total net profit was as follows
Wednesday, January 20, 2010
19 Jan AAPL POT MON
Today's market was relatively harder to predict. Its true coat was only realised after half and hour or so. And today, it shows the thick leathery hyde of a bull. Having said that there were some profitable puts.
As usual all guide books can be thrown out the window because today, there was no clear cut winners or losers. This is probably due to lots of short term profiteers (as yours truly) who just want to make a quick buck. Now it is a general rule that, most profit takers situation only happens on Fridays. But today is the 1st day of trading for the week and already there are signs of profit taking at the early hours of trading.
The lost I've made today also underscores the difficulty of which it is to trade today. Despite that, I've managed to recover the loss and subsequently make a rather handsome profit.
Total Profit for today was US$2,089.83 or 6.2% after deducting all commissions and losses.
Friday, January 15, 2010
Thursday, January 14, 2010
13 Jan AAPL POT X
Dear readers,
Within 40 minutes of market opening. The mighty bear swung its arms and did some nasty damage. It was a good day for short sellers and put option traders of course.
But the bear only drop by for an hour or so, before the bull came crashing in, whether or not it could lift the market higher than previous day's highest is still yet to tell.
During that short bear opportunity I made a beautiful assassination in the market. Check it out:
Today I made a whopping (well at least by my standard) US$3,098.98 in net profit. Albeit at a normal percentage return of 7.9% after deducting commission.
Total time spent was about 1 hour and 24 minutes.
Within 40 minutes of market opening. The mighty bear swung its arms and did some nasty damage. It was a good day for short sellers and put option traders of course.
But the bear only drop by for an hour or so, before the bull came crashing in, whether or not it could lift the market higher than previous day's highest is still yet to tell.
During that short bear opportunity I made a beautiful assassination in the market. Check it out:
Total time spent was about 1 hour and 24 minutes.
Tuesday, January 12, 2010
12 Jan GS RIMM X
Good day readers!!
The bearish trend seemed to have carried on to today's market. To make things worse, there were a lot of gap downs..therefore very hard to predict the nominal price for today.
The gap downs followed by bearing market led to a lot of erratic movement in the market (the erratic movement are caused by profiteering or taking advantage of sudden fall in prices.). Hence, prediction is hard today, and technical analysis can be thrown out the window, needless to say.
However, there are always that odd counter that always performs above the rest. Today, that company was X or US Steel. it made a US$1 increase in about 40 minutes and this upward trend was to continue for the next 1 hour or so.
The other company that steady movement was GS or Goldman Sachs. It was on a steady freefall for 1 hour after market opened.
I also made a very low profit trade on RIMM, which made me US$45. That is as close to making loss for me in the past 2 months. Not too shabby eh?
Anyway, these were my results for the day:
(Click on icon to enLARGE)
Total profit of US$ 1,114.85 (or 9.1%) after deducting commission
The bearish trend seemed to have carried on to today's market. To make things worse, there were a lot of gap downs..therefore very hard to predict the nominal price for today.
The gap downs followed by bearing market led to a lot of erratic movement in the market (the erratic movement are caused by profiteering or taking advantage of sudden fall in prices.). Hence, prediction is hard today, and technical analysis can be thrown out the window, needless to say.
However, there are always that odd counter that always performs above the rest. Today, that company was X or US Steel. it made a US$1 increase in about 40 minutes and this upward trend was to continue for the next 1 hour or so.
The other company that steady movement was GS or Goldman Sachs. It was on a steady freefall for 1 hour after market opened.
I also made a very low profit trade on RIMM, which made me US$45. That is as close to making loss for me in the past 2 months. Not too shabby eh?
Anyway, these were my results for the day:
(Click on icon to enLARGE)
Monday, January 11, 2010
11 Jan 2010 AAPL GS SCHN
Good Day Everyone,
The market was bearish for the first 1 hour, however, there was a lot of Gap up when market opens, thus creating a problem to predict price movement.
However, bearing in mind that no 2 days are the same in the market, I searched relentlessly for counters that had a clear bearish signal.
Of course I had to be carefull as the both the dow and s&P was showing some bullish sentiment.
I stumbled upon GS (Goldman Sachs) first which had had a strong downtrend which I predicted will last for at least about 45 minutes. So Got in on a put for 3 contracts
My next trade was not a good one. AAPL Put(Apple) put with 10 contracts. This trade was bad as the downtrend was shortlived. A good trade would have been RIMM PUT(Blackberry). But I failed to catch the tailcoat, as RIMM was already very low, and I wasn't confident that the drop is sustainable due to the very low RSI of 35, but it did drop further anyway, so it shows that there are no hard and fast rule for technical studies.
Next was SCHN Schnitzer Steel on 6 contracts of Put. This counter had a strong downtrend and manage to close my position at the lowest price.
Total net profit for the day was US$1,064 or 5.2% after deducting commission.
The market was bearish for the first 1 hour, however, there was a lot of Gap up when market opens, thus creating a problem to predict price movement.
However, bearing in mind that no 2 days are the same in the market, I searched relentlessly for counters that had a clear bearish signal.
Of course I had to be carefull as the both the dow and s&P was showing some bullish sentiment.
I stumbled upon GS (Goldman Sachs) first which had had a strong downtrend which I predicted will last for at least about 45 minutes. So Got in on a put for 3 contracts
My next trade was not a good one. AAPL Put(Apple) put with 10 contracts. This trade was bad as the downtrend was shortlived. A good trade would have been RIMM PUT(Blackberry). But I failed to catch the tailcoat, as RIMM was already very low, and I wasn't confident that the drop is sustainable due to the very low RSI of 35, but it did drop further anyway, so it shows that there are no hard and fast rule for technical studies.
Next was SCHN Schnitzer Steel on 6 contracts of Put. This counter had a strong downtrend and manage to close my position at the lowest price.
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