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20 January 2008

 
Live Trading Records for 14 Jan 08, Mon
Capland sold 5.92 on match, -7.6% to reduce exposure
Cosco shorted 5.46
Rotary shorted 1.15
ChinaEnergy shorted 1.14

Live Trading Records for 15 Jan 08, Tue
Cosco short covered 5.20, +4.8%
ChinaEnergy short covered 1.15, -0.9%
Rotary short covered 1.14, +0.9%
D6NW HSImblECW080130Q bot .12, dropped 44% from day high .205 to low .115, play potential intraday rebound

Live Trading Records for 16 Jan 08, Wed
RafflesEdu shorted 2.66
UniAsia shorted .78
Panhong sold .765, -15.0%
AsiaEnt sold .43, -10.4%
DY4W STIbnpEPW080228R bot .335 / .33 100 lots by following LKB at 16:26 16:32 (LKB bot at .34 at 2:11pm)

Live Trading Records for 17 Jan 08, Thu
DY4W STIbnpEPW080228R sold .315 / .32 / .325, -3.8% cut based on LKB system.
D6NW HSImblECW080130Q sold 0.025, -79.2%

what an ordeal for me in the past 2 days! made another mistake this morning - attempted to sell before others, had queued at 0.04 based on my careful calculation of its theoretical price which should be 0.038 at least today since HSI futures rising but sb else jumped the queue and queued in front of me, so I kept on changing my sell order from 0.04 to 0.045 (buy queue 0.045) to 0.035 to 0.025. when I realised that this was overdone and the sell order was too far away from the min theoretical price of 0.038 and tried to withdrew it but unsuccessful - already done at 0.025, high 0.04 so far. If I had not done anything and just kept the 0.04 sell order there, it would have been filled. this is a "purposely" made mistake!
however, mistake had been made, let it be.
I'm feeling better now. I have to stop trading for some time now and cool down first.

UniAsia short covered .81, -3.8%
RafflesEdu short covered 2.73, -2.6%

Jiutian bot .245 / .26 / .27X353 lots, 0.2599 on average, volume largest 100.757m shares, obvious accumulation on bottom, chart very bullish, morning star on daily chart and far away from significant resistance (.4, meaning too oversold, hammer on weekly chart, to be the focus of manipulations in coming days, main resistance .43 to .48 (strong)
FirstRes bot 1.42 / 1.47X26 lots, 1.4527 on average, volume 2nd largest 74.7m, a major market manipulation target in the former bull run (rose from .995 to 1.95 within 11 market days during bearish market phase), hammer
JES bot .51
YZJ bot 1.54
STX bot 2.60
Cosco bot 4.91
SGX bot 9.98 / 9.86
FibreChem bot .845
DBS bot 19.06
UOB bot 18.00

market reversed furiously for no reason, maybe being oversold too much.

Live Trading Records for 18 Jan 08, Fri
Jiutian sold .245, -5.8%
FirstRes sold 1.42, -2.3%
STX sold 2.49, -4.2%
ER7W HSImblECW080228Q sold .205/.21/.225, -23.8%
JES sold .50, -2.0%
Fibrechem sold .825, -2.4%
YZJ sold 1.49, -3.2%
Cosco sold 4.84, -1.4%
UOB sold 17.72, -1.6%
DBS sold 18.94, -0.6%
SGX sold 9.73, -1.9%

I must give up warrants from now on, intrinsic risks of warrants are simply too high for me though some people like Lee Kok Beng can still manage to make some decent money from them. in other words, my skills are not good enough to play warrants.

playing warrants costs me highly as you have seen.

I plan to focus on stocks only from now on.

good bye! brothers and sisters. I will not play warrants with you any more. anyone join me?

best wishes!

so far, lost 14.5% of my total trading capital from 01 Jan 08 to date. if I had put in all the capital in the market, the amount of losses would have been too huge to accept.

by just putting a small portion of the trading capital under risk, the % loss can be so huge. one can imagine how terrible the market is nowadays.

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