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.
Friday, January 8, 2010
8 Jan X SCHN
Today's market was very unpredictable (at least for the first 1 hour). There were no clear Ups or downs, save for these 2 companies, US Steel and Schnitzer Steel Industries. These companies were the only one under my radar that had a smooth bullish pattern.
Today's trade took about 45 minutes and these were the results:
Today's trade took about 45 minutes and these were the results:
Total net profit of US$1,279.81 or 22.3% after deducting commission
22.3% return. Isn't that what Public Bank Mutual pay out AFTER ONE YEAR (With a prerequisite of not withdrawing for a period of 3 years that is)
And you thought that Public Bank has the best mutual fund. Well I can tell you that YOU are the best banker. If only you are equipped with the right skill and knowledge.
And oh yeah...I spent just 45 minutes. You could probably have done in a shorter time :-)
Thursday, January 7, 2010
7th January AAPL PCLN
Good day readers,
We've had a rather bearish market for the first 1 hour. Hence Put Options and Short Sellers of Stocks would have had a good hunting.
Of course I have noticed this trend, although at the early stages, the bear didnt really reveal itself, with the bull even making some cameo appearance.
This caused a very murky scenario, and forecasting was made difficult. This is when Fibonacci Retracement really helps a lot in technical analysis. Total trading time was about 45 minutes. I would just like to emphasize that traders have the choice of setting up a stop loss and sell limit and go to bed. But I'd rather close all my positions before going to sleep.
Here are the results for tonight's trade:
Total net profit was US$1,279.60 or 7.1% after deducting commission
Just as a comparison with one of the "best" investment : ASB gives out 7% to 12% return PER YEAR and everyone gets so excited. But with the right kind of education, you can earn a profit in ONE DAY what ASB can only give you after ONE YEAR.
Now that's a thought ain't it?
6th Jan OIH PCLN POT RIMM
Good Day, Readers
The market today showed some showed only small movement with the Dow, Nasdaq and S&P remain relatively unchanged (save for some slight ups and downs but going back to yesterday's closing) even after 1.5 hours. A marked contrast from yesterday.
What this implies is that it took longer to open new positions today. Today is the first time I made a mistake for 2010 and succumb to small losses of about US$60 (on OIH) and 1 trade resulting in a breakeven (POT).
Nevertheless, I was relentless and tried to observe any other big waves and ride the tide. True enough after some preseverance, I opended new position on PCLN, but in the haste of opening new position (NEVER NEVER DO THAT!!!!!) I fail to notice that PCLN had a price margin of about 60 cents, which is rather high, you should be looking at a max of 30 cents
RIMM also made an unimpressive 20 cent profit.
However, the Jewel for the night goes to OIH. After making loss on put for OIH and realising market went U-turn, I closed PUT position at a lost and bought call option, to which I held on till a 40 cent profit was achieved. The LO and BEHOLD, it came a tumbling down again, and subsequently bought put and it made an 80 cent rise before I closed to sell.
Overall, here was my trade analysis for the evening (tonight's trade took about 1.5 hours)
The market today showed some showed only small movement with the Dow, Nasdaq and S&P remain relatively unchanged (save for some slight ups and downs but going back to yesterday's closing) even after 1.5 hours. A marked contrast from yesterday.
What this implies is that it took longer to open new positions today. Today is the first time I made a mistake for 2010 and succumb to small losses of about US$60 (on OIH) and 1 trade resulting in a breakeven (POT).
Nevertheless, I was relentless and tried to observe any other big waves and ride the tide. True enough after some preseverance, I opended new position on PCLN, but in the haste of opening new position (NEVER NEVER DO THAT!!!!!) I fail to notice that PCLN had a price margin of about 60 cents, which is rather high, you should be looking at a max of 30 cents
RIMM also made an unimpressive 20 cent profit.
However, the Jewel for the night goes to OIH. After making loss on put for OIH and realising market went U-turn, I closed PUT position at a lost and bought call option, to which I held on till a 40 cent profit was achieved. The LO and BEHOLD, it came a tumbling down again, and subsequently bought put and it made an 80 cent rise before I closed to sell.
Overall, here was my trade analysis for the evening (tonight's trade took about 1.5 hours)
Total realised net profit was US$2,183 or 6% after commission charges.
Fyi, I close all my positions before I retire for the night. Therefore all of these are "realised" profit. All of these are virtual trade and I am awaiting some funds in order to start real trading.
Wednesday, January 6, 2010
5 January MON XOM
Sorry readers, Todays post gonna be short because I'm very sleepy. Its midnight and I'm sleepy. I was in the market for about 50 minutes.
Here are my trade winnings:
Here are my trade winnings:
Total Net profit was US$583.92 or 9.5% after deducting commission
Monday, January 4, 2010
4th January 2010 RIMM XOM OIH MOS
Happy New Year Everyone. I hope that all of you have had a woderfull new year celebration.
Today is the first trading day of 2010 and boy have I got a surprise for everyone. The time of writing this blog is only 11.16PM Malaysian Time. i.e 10.17AM Wall Street Time. In other words I was in the market for merely 40 minutes. One reason for the short time is that I am feeling slightly under the weather. Hence an early sleep would do me a whole good.
Despite the short time in the market, I managed to harvest some rather handsome profit, and can't help to be proud of myself. I shall not reveal too much of how I do it (mostly because I'm getting drowsy from sleepiness), but I'll simply call it "catching the tailcoat". A method in which is its opportunity of usage comes infrequently. Bearing in mind, my trading principle is that there is no ultimate guide to understanding the market, nevertheless, learn as much guides and principles as possible, because they may be useful to predict markets on some other days. I guess, what I'm trying to say is that, I could use "catching the tailcoat" method today, but maybe no tomorrow.
The "catching the tailcoat" method has brought me the following profits:
A total profit of US$792 or 18% after deducting commission.
I can assure all readers that I am not utilising any other "predictive software" other than nominal softwares provided by the online brokerage. FYI, I use Options Express as my broker.
There you go ladies and gents, in keeping up with my resolution to document my trades, I will go to bed. Bear in mind had I stayed longer, I would have made lots more profit. Why not sell limit? or stop loss? well, I sleep better knowing I've closed all my positions.
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