18 August 2006
Day trading of SGXNK (SGX Nikkei 225 Index Future)(18 Aug 06)
Short 16040, stopped 16110 (buy stop order)
and
long 16110(buy stop order), sold at 16140 since half of paper profit (rose to 16180 after buying) lost from high 16180 to 16140 after buying. I'm simply following a rule: Never lose more than half of your profit once there is any.
Note: tick size for SGX Nikkei 225 Index Future is 5 points, tick value is Japanese Yen 2500, meaning Yen 500 per point. In this case, I lost 30 points (16040+16140-16110-16110=40), ie, S$288.
Comment: Seems it is not easy to make money from trading of this contract.
Short 16040, stopped 16110 (buy stop order)
and
long 16110(buy stop order), sold at 16140 since half of paper profit (rose to 16180 after buying) lost from high 16180 to 16140 after buying. I'm simply following a rule: Never lose more than half of your profit once there is any.
Note: tick size for SGX Nikkei 225 Index Future is 5 points, tick value is Japanese Yen 2500, meaning Yen 500 per point. In this case, I lost 30 points (16040+16140-16110-16110=40), ie, S$288.
Comment: Seems it is not easy to make money from trading of this contract.
Labels: Futures Trading
