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 |
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.
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...