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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