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Monday, September 17, 2007

Good words from the 許冠傑 song

命里有時終需有
命里無時莫強求

Saw an article about the talk by 曾淵倉 in 新明日報.

He mentioned that sometimes in investing, you will need the element of luck and you must believe in fate as well. Sometimes you got it, sometimes you don't.

In any case, only when you 看破 then you will not suffer.

When you sell the too early and make less, your heart pain.

When you sell too late and suffer losses, your heart pain.

You make or you lose, you still pain.

Well, there are things you cannot control in life. But if put the importance of making or losing money lower, there will be a good chance that you will make it.

Learn2win

Saturday, September 15, 2007

Trading System and Market Behaviour

Below is taken from the channelnewsasia forum written by jest1081.

This is one of the wisest word I have seen in years, a salute to you. (and i hope he won't mind I post it here :P)

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Every system is create to have an edge...ie increases the probability of winning, if not every entry would have been considered a profusely random entry.

With an increased probability of winning, its further coupled with position sizing so as to avoid the trader from being knocked out too early in the game and this is where the real problem lies...many got knocked out EARLY, even before they managed to learn anything from the market...the lose all witrh ZERO experience.

Also to add, the systems winning ratio, will have to depend on 1 big factor...MARKET BEHAVIOUR. If you have a system that follows trend....its normal to constantly show loser in a whippy market. and if your system thrives on swing reversals, more likely you will be trended to poverty by the market, on a trending period. I've you use both, i'd say that trader is one confused kid, coz he will never know when the market is really trending or whipping.

Going forward, it'll be foolish for a person to use a system that does not give winners, it shows a lack of understanding, backtesting and forward testing in the users part.

I will tend to agree that when a trader turns purely mechanical, they psychology will in turn fall into place, but thats not usually the case....esp with new traders, heck even some old timers fall into this trap at times.

The statement above needs factual proof. Like i mentioned before, when does a system carry an edge? It all depends on market behaviour and its alignment to the systems identity at that PERIOD. As an experience trader, i am sure you have seen the times when your system lose the edge, even up to a string of 10-20 in a row.

Personally i trade on nothing more than naked chart, well proly some trendlines an MA for SR reference but thats really just it, most of the time i track daily prices to get a 'feel' of the trend. Different people find different ways to win in the market, mine does not require an extensively rigid set of rules, i still win...and lose.

regards
jest

Thursday, September 13, 2007

ShoutBox!

I have just put in the shoutbox so we guys can have a better communication media. :)

If you have any lobangs, please do not hesitated to inform me thru the shoutbox!

Tuesday, September 11, 2007

What a volatile market!

Staying sideway for the moment. Direction is unclear and market is volatile. At 3pm, every active stocks seem to free fall and by 4 pm rebounded. When you are unsure, stay out! :)

Opened Positions


Closed Positions + P&L

Gems TV sold 50 lots @ 0.59 +$2250
Penguin sold 40 lots @ 0.34 +$1000
Tiongwoon sold 30 lots @ 1.02 $0

Monday, September 10, 2007

Holdings @ 10/09/2007

Market is rather resilient. Got into some trading positions. :)

Opened Positions

Gems TV 50 lots @ 0.545
Penguin 40 lots @ 0.315
Tiongwoon 30 lots @ 1.02

Closed Positions + P&L

Sunday, September 09, 2007

Holdings @ 07/09/2007

Sorry for the late updates of my blog lately. Next week I will try to be on time.

Dow has a big fall on Friday. I seriously think that great volatility is back and all of you please be careful about your trades. In this kind of market conditions, a wrong move will put you in deep trouble. If you do not understand how certain products work, like covered warrants, please do not even think of trading it.

Anyway, back to my own trades. Luckily, i have squared off most of my postions except for Gems TV. Think i will be keeping this for a while.

Opened Positions

Gems TV 50 lots @ 0.545

Closed Positions + P&L

Sold Penguin 50 lots @ 0.295 +$3250
Sold XLX 30 lots @ 0.975 +$600
Manhatthan sold 30 lots @ 0.9 +$4050
ChinaAngel 40 lots @ 0.555 +$1200
CAO 15 lots @ 2.46 $0

Trade with care!

Thursday, September 06, 2007

Holdings @ 06/09/2007

The shopping season is ON. :)

Opened Positions

Manhatthan 30 lots @ 0.765
ChinaAngel 40 lots @ 0.425
CAO 15 lots @ 2.46
Gems TV 50 lots @ 0.545

Closed Positions + P&L

Sold Penguin 50 lots @ 0.295 +$3250
Sold XLX 30 lots @ 0.975 +$600

Wednesday, September 05, 2007

Holdings @ 05/09/2007

Added XLX. Good price and volume breakout.

Opened Positions

Gems TV 50 lots @ 0.545
XLX 30 lots @ 0.955

Closed Positions + P&L

Sold Penguin 50 lots @ 0.295 +$3250

Holdings @ 04/09/2007

Was busy yesterday so i am late in updating my trades. :)

Anyway, as I have written previously, closed my penguin position in the morning and make a decent profit.

Opened Positions

Gems TV 50 lots @ 0.545

Closed Positions + P&L

Sold Penguin 50 lots @ 0.295 +$3250

Monday, September 03, 2007

Holdings @ 03/09/2007

There you see. The penguin finally flies. :) Going to close the position tomorrow morning.

Opened Positions

Gems TV 50 lots @ 0.545
Penguin 50 lots @ 0.23

Closed Positions + P&L