Posted on June 1, 2009 - by Alvin

Trading Report Card – May 09

Photo by Hythe Eye

Summary of trades:

This month put me back into profits and I am thankful for what the market was willing to give me. Similar to last month, I was focusing my trades on Chinese companies listed in Hong Kong but I have learnt my lesson that profit protection is beneficial in a volatile market and this set me to push up my stop loss limit higher as the price goes up. You can see that the profits are smaller as my stops were tighter. In the later part of the month where the rally was stronger, I was more willing to set my stop loss at -8% to allow more room for fluctuation and not get stopped out so soon. It is true that the bigger profits came from the last few trades. Currently, I still have paper gain positions carried over to June.

In addition, I have also practised the position sizing limits this month of not allocating more than 1/3 of my capital on any one trade.

Lessons learnt: Read more…

Related posts:

1. Trading Report Card – Oct 09
2. Trading Report Card – Sep 09
3. Trading Report Card – Jun 09