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30 March 2008

 
Live Trading Records for 24 Mar 08, Mon
UniAsia short covered .62, stop .61 triggered, -6.0%
KTL short covered .37, stop .366 triggered, -8.8%
PacAndes short closed .485, -3.2%
Skypetrol short closed .30, -5.3%
Wheelock short closed 1.76, -1.1%

Live Trading Records for 25 Mar 08, Tue
E8GW HSImblECW080429P bot .31, sold .335 , bot .345, sold .37
HLAsia bot 2.47

Live Trading Records for 26 Mar 08, Wed
Midas bot 1.00 added .985
ASL bot 1.03
E8HW HSImblEPW080429P bot .555, added .545

Live Trading Records for 27 Mar 08, Thu
E8HW HSImblEPW080429P sold 1/3 at .585 , added a bit .56, sold all .585 , bot .56, added .52, sold all .495 to avoid overnight risk
E8GW HSImblECW080429P bot .43, dow futures green >30 points, sold .455 to avoid overnight risk
FirstRes bot 1.02 / 1.03, an attractive consolidation spotted, touched resistance at 1.05 2 times today but not broken out yet, maybe tomorrow - hopefully
KS bot 1.89, no idea of this buy, followed joshing blindly who performed well recently
SinoTech bot .67, daily volumes attractive - volumes expanding consistently in the past 5 sessions, strong acummulation likely in progress, plus intermediate term resistance had been taken out
YZJ bot .935, volume on 25 Mar 08 attractive, mini bull flag broken out today but volume seems smallish

Live Trading Records for 28 Mar 08, Fri
ChinaEnergy bot .365, added .395, added .405, potential could be huge judging from strong accumulations in recent 5 sessions
Wilmar bot 4.10, added 4.21
FirstRes added 1.05
YZJ added .945
RafflesEdu bot 1.01
SembMar bot 3.79
E8GW HSImblECW080429P bot .45, Nikkei, SSE rising, dow futures very green (+66), sold .485
Biotreat bot .52
Ho Bee bot .93
SPC bot 6.73

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21 March 2008

 
Live Trading Records for 20 Mar 08, Thu
Sky Petrol shorted .285
KTL shorted .34
PacAndes shorted .47
UniAsia shorted .585
Wheelock shorted 1.74
E8YW HSImblEPW080429Q bot .595, sold .65

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15 March 2008

 
Live Trading Records for 10 Mar 08, Mon
UniAsia short covered .66, +8.3%
Pine short covered .15, +18.9%
Capland short covered 5.56, +7.2% , manipulation tool of BBs for jacking up STI, bot back by taking advantage of low price at present.
ChinaOilField short covered .405, +11.0%

StraitAsia shorted 3.17
ChinaXLX shorted .77
ChinaHX added short .54
CSC shorted .265

Live Trading Records for 11 Mar 08, Tue
CityDev short covered 10.22, +7.3% , to avoid paying lending fee, manipulation tool of BBs for jacking up STI, tending to rise near closing
Banyan short covered 1.17, -0.9%, darn stable, to avoid paying lending fee
StraitsAsia short covered 3.27, -3.2%, movement difficult to forecast
Osim short covered .36, -10.8%
Metro short covered .755, +0.7%
Sinostar short covered .305, -3.4%
ChinaHX short covered .565,
Celestial short covered .56, +/-0.0%
NOL short covered 3.27, -7.9%
ChinaXLX short covered .785, -1.9%
CSC short covered.27, -1.9%

FirstRes shorted .92, covered .945, -2.7%
HKLand shorted 4.16, covered 4.18, -0.5%

Cosco bot 3.29
HSImblECW080328Q bot a bit .205, sold .20 due to painful memory in playing warrants overnight in the past
STX bot 2.92

Live Trading Records for 12 Mar 08, Wed
Jaya bot 1.34 sold 1.34, +/-0.0%
YZJ bot .965 sold .93, -3.6%
Synear bot .575 sold .55, -4.3%
Lianbeng bot .415 sold .41, -1.2%
Fibrechem bot .76 sold .695, -8.6%
Noble bot 2.24 sold 2.22, -0.9%
UOB bot 18.08 sold 18.12, +0.2%
Olam bot 2.30 sold 2.21, -3.9%
Yanlord bot 2.24, added 2.20, sold 2.14, -3.6%
NOL bot 3.31 sold 3.29, -0.6%
HLAsia bot 2.49 sold 2.41, -3.2%
COSCO sold 3.28, -0.3%
STX sold 2.97, +1.7%

very easy to lose money
very difficult to make money


today's trades were done in a hurry, lacking proper planning and technical basis (no trading setup except Jaya), which leads to complete failure.

I have also reviewed exit strategy for shorts in my trading system. My existing trading system solved the problem of entry of a short position nicely but failed to solve the exit problem. I found that using proper trailing stop - letting Mr Market stops me out of a short position instead of exiting at a subjective price or due to fear or uncertainty is a more objective way to maximise profit potential of a short position.

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09 March 2008

 
Live Trading Records for 03 Mar 08, Mon
Capcom sold 2.04, no more capcom
ChinaMilk shorted .835
Cosco shorted 3.89
JurTech shorted .355
Pine shorted .185

Live Trading Records for 04 Mar 08, Tue
Synear bot .655
China Sports bot 1.07 partially filled, sold 1.12, +4.7%
SinoTech bot .65
SPC bot 7.02, bull flag breakout, stop loss level 6.87
UniAsia shorted .72, stop loss level .765
Yanlord short covered 2.25, +11.1% , DBS RNAV 3.90! plus Europe green green, Dow futures less red
Jiutian short covered .20, +4.8% , broke down but refused to drop

Live Trading Records for 05 Mar 08, Wed
China Sports bot 1.08, sold 1.05, stop triggered, -2.8%
SPC sold 6.97, stop triggered, -0.7%
SinoTech sold .635, stop triggered, -2.3%
Synear sold .65, stop triggered, -0.8%

FerroChina shorted 1.27, covered 1.19, +6.3%
ChinaOilField shorted .455
Osim shorted .325
ChinaMilk short covered .74, +11.4%
JurTech short covered .32, +9.9%
Cosco short covered 3.54, +9.0%

Live Trading Records for 06 Mar 08, Thu
STX bot 3.10, sold 3.26, +5.2% , regional markets indices falling, US and Europe futures mixed, take whatever profit now first though min tg 3.40 not realised yet, can buy again when dropping to support
CSE shorted .94
Banyan shorted 1.16
Capland shorted 5.99
CityDev shorted 11.02

Live Trading Records for 07 Mar 08, Fri
CSE short covered .84, +10.6%
Metro shorted .76
Sinostar shorted .295
ChinaHX shorted .57
Celestial shorted .56
NOL Shorted 3.03

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02 March 2008

 
Live Trading Records for 26 Feb 08, Tue
Capcom bot 2.22 on match to hedge short position at 2.00 / 2.01 since 2.19 was taken out by bulls. Mr Market acting against me strongly! on hind sight, setup at 2.00 / 2.01 was not a good shorting setup since both parabolic sar and macd were buy signals at that time despite trends were down and a downward breakout happened - signals mixed based on my new trading system thus no action should have been taken.

Live Trading Records for 27 Feb 08, Wed
Capcom short covered 2.15, -7.5%
Westech sold .255 near MA60, partially filled

Live Trading Records for 28 Feb 08, Thu
Capcom added long 2.10, sold this portion at 2.13 to reduce exposure

Live Trading Records for 29 Feb 08, Fri
A-Reits bot 2.22 for playing rebound, sold 2.22 / 2.20, no evident rebound seen as witnessed in previous sessions
Capcom bot 2.09, trying to rescue long position bot earlier at 2.22 but failed, sold 2.09 (bot today) to reduce exposure. this one is more active than A-Reits.
Yanlord shorted 2.53
Jiutian shorted .21

MCGR - Monthly Compounded Growth Rate of Total Trading Capital
End Feb 2008 verse end Jan 2008: +1.2%

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