It has been a losing streak in trading for the past two weeks.
The amount lost was sufficient to take away a big chunk of my leftover confidence.
i began to think trading life is really harsh on me.
Any rules that i set & broken,immediate punishment was seen.
Any out track was whipped.
No escape, no excuse.
No even 'if' exist in my trading path, or more precisely i am out of luck.
Affin-wc
In brief:
4/06/2010 Entered @0.04 x 50 lots ( TP was set on 0.045~0.05)
7/06/2010 TP reached, greed devil took over. Change TP.
9/06/2010. Affin-wc touched 0.02 SL. (Average down @0.025 x 100 lots)
10/06/2010. Affin-wc broken 0.02SL.( Average down @0.015 x 100 lots.)
14/06/2010.Affin-wc touched 0.005 lowest & rebounded to 0.02RL. ( Q @ 0.005 x 750lots.Undone)
16/06/2010. Many q on buyers 0.005, no matter how i queue, couldnt get.
i sold 10 lots at 0.005, to lure more sellers to me as i knew i was racing against time.
18/06/2010.Affin-wc maintain on 0.005. (Average down @0.005 for 750 lots. Got after few days q)Hope to re-sell in 0.01 to breakeven all.
Buyers seem to be pulling out minutes before lunch.
Out of sudden no buyers on quoue.
The mother price was blocked at 3.10 ( stike price).
Last trading day is on 21/06/2010.Meaning 1more trading day.
Thoughts:
Seen on chart 0.04 is SL. Touch support buy, break support cut.
Yet another rules gone against.
Now stuck with 990 lots.
Greed & the feel of 'ngm kam guan' to lose, finally beat me flat to ground.
Never predict or hope, follow & ride with the trend.
When the trend ask u to cut, must cut.
On 18/06/2010, i nearly lost my concentration in work, mind just couldnt focus.
bad signs as a emotional trader.
I am having problems controlling my own emotion.
Phew...monday will q to sell at 0.005, or else burn my rm10k.
wish me luck...thanks.
The amount lost was sufficient to take away a big chunk of my leftover confidence.
i began to think trading life is really harsh on me.
Any rules that i set & broken,immediate punishment was seen.
Any out track was whipped.
No escape, no excuse.
No even 'if' exist in my trading path, or more precisely i am out of luck.
Affin-wc
In brief:
4/06/2010 Entered @0.04 x 50 lots ( TP was set on 0.045~0.05)
7/06/2010 TP reached, greed devil took over. Change TP.
9/06/2010. Affin-wc touched 0.02 SL. (Average down @0.025 x 100 lots)
10/06/2010. Affin-wc broken 0.02SL.( Average down @0.015 x 100 lots.)
14/06/2010.Affin-wc touched 0.005 lowest & rebounded to 0.02RL. ( Q @ 0.005 x 750lots.Undone)
16/06/2010. Many q on buyers 0.005, no matter how i queue, couldnt get.
i sold 10 lots at 0.005, to lure more sellers to me as i knew i was racing against time.
18/06/2010.Affin-wc maintain on 0.005. (Average down @0.005 for 750 lots. Got after few days q)Hope to re-sell in 0.01 to breakeven all.
Buyers seem to be pulling out minutes before lunch.
Out of sudden no buyers on quoue.
The mother price was blocked at 3.10 ( stike price).
Last trading day is on 21/06/2010.Meaning 1more trading day.
Thoughts:
Seen on chart 0.04 is SL. Touch support buy, break support cut.
Yet another rules gone against.
Now stuck with 990 lots.
Greed & the feel of 'ngm kam guan' to lose, finally beat me flat to ground.
Never predict or hope, follow & ride with the trend.
When the trend ask u to cut, must cut.
On 18/06/2010, i nearly lost my concentration in work, mind just couldnt focus.
bad signs as a emotional trader.
I am having problems controlling my own emotion.
Phew...monday will q to sell at 0.005, or else burn my rm10k.
wish me luck...thanks.
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