Trading Journal As of 26 Aug 2011

Here is the update for this week.

Stopped Out Long Position

SP Corp

SP Corp - Sudden Drop from the Cliff
SP Corp Daily Chart

Arggh!! This is what will happen if you forget to put in your stoploss order. Never do that! Lesson learnt – always put in a stoploss order!!!!

(PS: The only consolation is the amount vested in this trade is not the usual position size. Hence the loss is still manageable)

Stopped Out Short Position

Metlife Inc

Metlife Inc - Very Profitable Trade
Metlife Inc Daily Chart

This is a very profitabe trade initiated in July. (see post)

Singapore Tech Engineering

Singapore Tech Engg - Overall a Profitable Trade
Singapore Tech Engg Daily Chart

This trade was stopped out due to the strong rebound. Overall it is still a profitable trade.

USDCHF

USDCHF - Stopped Out Due to Strong Rebound
USDCHF Daily Chart

This is the longest running trade so far(see post). It is also the most profitable trade so far this year. So sad to end the run here.

Besides those stopped out trades, there is one new trade entered this week.

Short Position

GBPAUD

GBPAUD - Shorting During Reversal
GBPAUD Daily Chart

Had exited half of the short position.

For the rest, only the short trades remained. (EURAUD, Singapore Exchange, Sembcorp Industries Ltd and Jacobs Engineering Group Inc)

The market has finally rebounded. I will patiently wait for the next trade to show up. Do check out my blog regularly for updates.

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Trading Journal As of 19 Aug 2011

Here is the update for this week.

Sound Global was stopped out. However, it was still a profitable trade as I had exited half last week.

Sound Global - Stopped Out Yet Still Profitable
Sound Global Daily Chart

The rest of the trades still remain. (Long – SP Corp, Short – USDCHF, EURAUD, Singapore Exchange, Sembcorp Industries Ltd, Singapore Tech Engineering, Jacobs Engineering Group Inc and Metlife Inc)

Current situation is still bearish. I am expecting the market to stage a rebound soon.

 

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Trading Journal As of 12 Aug 2011

Just completed T. Harv Eker’s “Train The Trainer” which was held from August 10 – 14, 2011. Another exciting week has passed. Here is the update.

Had entered the following position.

Short Position

EURAUD

EURAUD - Shorting Using the Reversal
EURAUD Daily Chart

Had exited half of my short postion for Sound Global and Singapore Tech Engineering. The rest of the trades still remain. (Long – SP Corp, Short – USDCHF, Singapore Exchange, Sembcorp Industries Ltd, Jacobs Engineering Group Inc and Metlife Inc)

 

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Trading Journal As of 5 Aug 2011

What an eventful week ! With the over 500-pt drop from DJIA, it was bloody carnage everywhere. Some existing positions were closed and some new positions initiated. Here is the update for this week.

Stopped Out Long Position

Starhub

Starhub - Exited Half at Peak Before Stopped Out Due to Gap Down Open
Starhub Daily Chart

It was a profitable trade for Starhub overall as I had exited half position at peak before stopped out

Stopped Out Short Position

GBPAUD

GBPAUD - Stopped Out Due to Upward Surge
GBPAUD Daily Chart

It was a profitable trade for GBPAUD overall as I had exited half position last week

EURAUD

EURAUD - Stopped Out Due to Upward Surge
EURAUD Daily Chart

This short trade was entered earlier this week. However, the trade reversed and it was stopped out.

The following are the new trades initiated.

Short Positions

Singapore Exchange

Singapore Exchange - Shorting Using Trendline Break
Singapore Exchange Daily Chart

This short postion was initiated using the trendline break. Had exited half during the gap down.

Sembcorp Industries Ltd

SembCorp Ind - Shorted Using Trendline Break
SembCorp Ind Daily Chart

This short postion was also initiated using the trendline break. Had also exited half during the gap down.

Sound Global

Sound Global - Shorting Using Trend Break
Sound Global Daily Chart

Initiated short position using trend break

Singapore Tech Engineering

Singapore Tech Engg - Shorted on Trend Break
Singapore Tech Engg Daily Chart

Also initiated short position using trend break

For the rest, SP Corp long position is still open. The USDCHF, Jacobs Engineering Group Inc and Metlife Inc short position are stilling running. Seems like the bears are in control at this moment.

 

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