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26 April 2008

 
Live Trading Records for 21 Apr 08, Mon
E8GW HSImblECW080429P shorted .495, covered .505, rose to .52 after shorting! bot .505, sold .50
FJ8W HSImblECW080529Q shorted .74, covered .735 since Dow fut green > 30 points, bot .72, sold .69 to avoid overnight risk from wall street.
it seems no more magic to make money leow...

Live Trading Records for 22 Apr 08, Tue
FJ8W HSImblECW080529Q shorted .67, covered .66, bot .66, sold .66
E8GW HSImblECW080429P bot .40, sold .395, shorted .455. stopped .51

finally, I realized that this is not a game that I can play based on my existing skills. HSI warrant test trading based on 1 min HSI live chart completed. this game is simply not for me. I quit this game from now on. luckily I only played one trade a time and every trade was 10 lots only.

ChinaHX bot .65

Live Trading Records for 23 Apr 08, Wed
WingTai short covered 2.05
Fibrechem bot .82

Live Trading Records for 24 Apr 08, Thu
StraitsAsia bot 3.37
YZJ bot 1.09
ChinaHX sold .70 , may get a better price tomorrow since US / Europe fut very red

Live Trading Records for 25 Apr 08, Fri
SinoStar shorted .305, shorted .31 (ambush), covered all .29 since I used cash account to short
CG bot .33 using ProTrader

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18 April 2008

 
Live Trading Records for 14 Apr 08, Mon
E8GW HSImblECW080429P bot .405, added .39, sold .375

Live Trading Records for 15 Apr 08, Tue
E8GW HSImblECW080429P bot .345, sold .34 since chart is down thus can not manage risk properly without looking at the chart since I was in dark without chart, sigh

Ending of Full Time Trading
mmmmm...it's so difficult to make money nowadays. I'm looking at the 3 year charts to go over the past glorious days - nice trends, beautiful chart patterns, breakouts - the good old days, made tons of money every day! trading capital increased every day! bot what, what rose!

will the good old days come back? - definately! time will prove that again.

but for now, it is not possible. hope brother bulls can come back as soon as possible.

I plan to find a solid job to tide over the bear market period - I had to make this painful decision today after days of disapointments to my trading performance. my agent will arrange a job interview for me soon. the monthly pay is not bad, close to 5 figures, of course can not compare with huge trading gains in the good old days. I plan to use ProTrader to execute my orders during my day job period.

I think it is prudent to secure a solid job considering impending storms in the real economy although my current capital can tide my family over many years to come.

saddly, another full time trader is about to disappear from the bear market!

but temporary disappearance is for long term appearance and survival in the brutal marketplace.


Live Trading Records for 16 Apr 08, Wed
E8GW HSImblECW080429P bot .38, sold .385, bot .35, sold .34, dropped to .315 swiftly from .365 after buying, I'm really fed up with this game!

Live Trading Records for 17 Apr 08, Thu
E8GW HSImblECW080429P shorted .415, covered .41, US / Europe mixed

Live Trading Records for 18 Apr 08, Fri
E8GW HSImblECW080429P shorted .41, covered .395 , bot .37, sold .375 , .385 / .39 seen, bot .37, US / Europe futures not bad, sold .385 , MM to disappear soon

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16 April 2008

 
My view on the market status
this market is neither a bull market nor entering bull market, rather, it is in the process of a vicious bear market since 99% indices' / stocks' MA60 / 125 / 250 are pointing downwards and MA 60 < 125 < 250, which is a typical setup of a bear market.

when will the bull market come back again?
simple, just look at the intermediate- to long-term MAs of most of indices (MA60, 125 and 250), you will know how the market bottoms out.

they must stop dropping and move horizontally one after another, i.e., MA60 stops dropping first and moves horizontally for some time, say, weeks to months, and then moves up slowly. MA125 and MA250 do the same thing one after the other.

the whole point is that MA60/125/250 must stop dropping then we can reasonably expect the bull market is about to start or has already begun.

the strongest stocks will complete the whole painful bottoming process mentioned above well ahead of the rest. they may have even formed bullish arrangements - MA60>MA125>MA250 while others are still crawling on the ground. our focus will be on these stocks. they will give us the biggest profit in the bull market.

now there is simply no point to play against the powerful bear unless we are shorting using CFDs which is highly costly.

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12 April 2008

 
Live Trading Records for 07 Apr 08, Mon
Mermaid bot .91
SCGlobal bot 1.41
ChinaSports bot .96
E8GW HSImblECW080429P bot .64, sold .655, feeling stressful in trading warrants

Live Trading Records for 08 Apr 08, Tue
E8GW HSImblECW080429P
bot .60, sold .62
bot .59, sold .615
added .60, sold .615
shorted .625, covered .60
bot .61 added .60, cut all .59

ChinaXLX bot .825 using ProTrader stop limit
ChinaEnergy sold half .62, sold all remaining .575
SinoTel bot .29, using Protrader

Live Trading Records for 09 Apr 08, Wed
BioTreat bot .54
MMP bot 1.26
Mermaid sold 1.05
Wee sold .285
SinoTech sold .71
Ferro sold 1.35
YZJ sold .99
Biosensors sold .76
ChinaSports sold .93
NOL sold 3.27
SC sold 1.41
Synear sold .695
Cosco sold 3.38
ChinaXLX sold .78 (protrader)
STX sold 2.96

E8GW HSImblECW080429P
short .605, covered .59
bot .58 added .57 added .565, cut all .50 , loss due to being too agressive even during testing period and lacking discipline to stop after day low .565 broke.

Rationale for today's selloff
MACD histograms tapering off and unable to exceed recent highs, which implies that upside momentum is being lost especially considering that most indices / stocks trading at around intermediate strong resistances (MA60, the quater MAs, and some even near MA125, the half year MAs!). correction seems likely to have started. I found this rule has been valid for recent 6 months. pls verify with charts!

Live Trading Records for 10 Apr 08, Thu
Wingtai shorted 1.99
Datacraft sold .895
MMP sold 1.25

E8GW HSImblECW080429P
shorted .48, covered .50

Live Trading Records for 11 Apr 08, Fri
Westech sold .22
SinoTel sold .28 / .27
BioTreat sold .48
E8GW HSImblECW080429P bot .535, cut .53

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10 April 2008

 
[quote="7777777"][quote="7777777"]the party could be over - it's time to make a tough decision today.[/quote]
[b]MACD histograms tapering off and unable to exceed recent highs, which implies that upside momentum is being lost especially considering that most indexes / stocks are trading at around intermediate strong resistances (MA60, the quater MAs, and some even near MA125, the half year MAs!). looks correction have started. I find this rule has been valid for the past 6 months. pls verify with charts![/b]

please do take care![/quote]

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05 April 2008

 
Live Trading Records for 31 Mar 08, Mon
ChinaEnergy added .44, added .435, added .42
E8GW HSImblECW080429P bot .395, SSE / Nikkei rising slightly, DOW futures slightly positive from negative, HSI 5 min chart 5 wave down completed and thus a minor rebound is likely this afternoon, this PW at intraday low thus further down risk should be limited, added .395, sold all .41 since Dow fut turned negative 21, Europeans red faces, Nikkei and SSE turning down again. bot .395 again since SSE rebounded sharply despite dow and Erope futs red red, sold .395 since Dow and Europe futs very red
E8HW HSImblEPW080429P bot .465, added .455, added .48, added .475
KS stopped 1.86
FirstRes stopped 1.00

MCGR - Monthly Compounded Growth Rate of Total Trading Capital
End Mar 2008 verse end Feb 2008: +0.17%


Live Trading Records for 01 Apr 08, Tue
E8HW HSImblEPW080429P sold .39 , from profit to hefty loss! this teaching demonstrates once again that warrants can only be played intraday!
ChinaEnergy sold .42
HLAsia sold 2.55
Midas sold 1.02
RafflesEdu sold 1.04
SinoTech sold .65
YZJ sold .97
E8HW HSImblEPW080429P bot .415, dow fut red, SSE / Nikkei / STI steep dropping during HSI recess, sold .455, bot again .455 since Dow fut redder now, sold .400, very stressful!
Biotreat sold .52

Live Trading Records for 02 Apr 08, Wed
SinoTech bot .71 / .70
Biosensors bot .84
Synear bot .71 / .70, sold half (correction).645
Liheng bot .74, sold .695
Cosco bot 3.87
ChinaEnergy bot .46 / .46 / .45, sold half .455
YZJ bot 1.02
Ferro bot 1.42 / 1.42
ChinaHX bot .66, sold .635
SCGlobal bot 1.42, sold 1.46, bot again 1.41, sold 1.43
NOL bot 3.46

Hobee sold 1.01
SembMar sold 3.75
Wilmar sold 4.24
SPC sold 6.88

Teachings
Zanter wrote:
7777777 wrote:
is it possible to turn to a tragic day today as it is the best opportunity for BBs to sell high?


Bro if u dont mind me saying. How can u decide to sell CEnergy @ 42 cent then next day buy back at 45/46 cents? Izzt an emotional trade? Need some TA to take the emotions out?

I did stop out before the stop at .393 was triggered. I have a large position, I felt a little bit panicky during steep drop that day.
It is very difficult for me to stick to the stop loss principle even if I swore many times.

while today's buys were emotional and due to greed since Dow rose madly. I have been wrong and suffered heavy loss almost every time when US rose madly. I have to remember this teaching and avoid taking too many long positions after US rises madly in the future.

Live Trading Records for 03 Apr 08, Thu
WeeHur bot .30

Live Trading Records for 04 Apr 08, Fri
Datacrft bot .905
STX bot 2.88

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