Posted on December 2, 2009 - by Alvin
Trading Report Card – Nov 09
Since the market hasn’t been moving much, I decided to take the back seat to watch the market movement. I became more strict with entries and hence, very few trades have been made this month. In fact, 3 trades were made only during the last week of the month and they are mainly commodities related. All entries were due to low k-line, rising volume and breaking of resistance.
Results
SATsvcs was a trade carried forward from previous month. It broke support and was closed with a -S$200 loss. Epure was exited on 30/11/09, which was expected as SGX open in the shadow of Dubai debt problem. I am glad that at least I have 2 counters still open.
| Counter |
Date In
|
Date Out
|
Action
|
No. of Shares
|
Price In
|
Price Out
|
Profit/Loss
|
| SATsvcs |
15/10/09
|
05/11/09 |
Long
|
1,000
|
S$2.560
|
S$2.360 | -S$200 |
| Epure | 24/11/09 | 30/11/09 | Long | 4000 | S$0.625 | S$0.580 | -S$180 |
| IndoAgri | 23/11/09 | Long | 1000 | S$1.850 | |||
| Olam |
26/11/09
|
Long
|
1,000
|
S$2.720
|
|||
|
Total
|
-S$380 | ||||||
FOREX Trading Plan
With 3 strategies of varying time frame, I decided to focus on the longest one – swing trade (close trade within days). The reason is because I do not have time to monitor the hourly chart everyday, hence the time frame of a swing trade is more suitable for me. Read more…
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