2011 is so far my worst performance in my 4 years of trading. I got whipped left and right, lots of false breakouts and breakdowns. Volatility were at its high.
I was up about 35% max for the year but due to a costly wrong push of a button trade, profits were given back to Ms. Market.
- Buy/Sell Trades: 90
- Hit Rate: 35%
- Biggest Winner: LND/GERI 110%
- Biggest Loser: 3rd round in BHI -20%. This one made my performance poor this year. I was supposed to cut but pressed the wrong button and doubled up! then eventually cut everything at .3650. Price at end of year .1670.. so I’m still considering this a good trade!
- Best Month: July 13%
- Worst Month: September -30%
- YTD: -8%
- Trade lesser, ignore noise. Maybe just about 5 trades per month. That’s one per week.
- Learn to trade the weekly trend model. (ex. URC)
- Learn to trade with leverage.
25% cash coming into the new year. Good luck 2012!
Just a spectator (plus some last second padding) for the past 2 trading days.
BEL and PGOLD are looking to break out of its consolidation maybe before the year ends? Ready to take profits in LR and ready to take my loss in LCB.
2 trading days left before trading hours be extended to 3:30PM. sheesh.
Did nothing today :) Merry Christmas everyone!
DMC was fantastic but I don’t wanna expose more risk for the year so no more buying :)
This market is still killing me. :( Choppy choppy choppy!
Busy day again. Sold non performers, CEB and MWC for a small loss. -0.3% in the port.
LCB is looking good to bounce. :)
My definition of a mistake is when you don’t follow your rules.
And if you don’t have rules, then everything you do is a mistake.
And self-sabotage occurs when you keep repeating the same mistakes over and over and over again.
US Markets closed very strong last night. I also looked into EPHE and PHI before sleeping and saw that they were also strong… expected a strong market today. I’m not sure though but it looks like some index stocks didn’t close good today.
Anyway, one of the things I look to filter out stocks is to perform a relative strength scan. This scan compares the strength of a stock relative to its peers in the PSEi. Part of my trading philosophy is to buy strength and sell weakness.
In my post last night, BEL was still the strongest stock in the PSEi. Ms. Market confirmed it today! Of course I followed my rules as it broke 5. Unfortunately, it closed below that! It would have been better if BEL closed above 5 as 5 is a round number resistance.
On the side note, My haka haka tells me that Odyssey High Conviction fund is accumulating BEL. :)
Bought 30% more today at 5.01. Let’s see how it performs in the coming weeks. :D