Day 9

 

Finally disciplined enough to trade according to devised plan. Not much fear or stress involved. And rewarded with USD370 profit. Sold after NK started to weaken after a run up. And also TiMSCI futures index getting close to underlying stock index… compared to 20 points discount earlier on. If traded without plan today, I could have lost.

Update: Lucky that I sold at 329.3 about 30 minutes earlier and not wait till near Taiwan market close at 1.30PM. Below images show how prices have fallen.. as we approach the closing of the underlying stock market. Difference of about 50 points in half an hour .. in dollar terms it’s USD500. ( The top right figure above every image is the underlying Taiwan MSCI stock index )

BID                                          OFFER                                  LAST DONE

( About 20 minutes before closing )

( Just before closing )

( Just after closing )

~ by sgxtrader on February 29, 2008.