Day 10

Encountered slow and intermitten loss of connection at the beginning. Profit could have been at least USD150 more if not for this. Had to sell my position when index price hit the low end of my expected profit as the prices come on too slowly (afraid I may not be able to react fast enough). Anyway, its still a profitable day..not bad for a 3-hour work.

After selling at 316.8, index shot up further as shown above. On the other hand, I could have bought again when it was at 317.3. So will look forward to tomorrow as there will always be another trading day.  Had to stop when approaching closing of TAIEX as volatility increases and time factor not in my favour. Important thing is to trade with discipline according to plan daily to ensure survival and profitability in this extremely difficult endeavour. A single mistake could wipe out all accumulated profits and more.

~ by sgxtrader on March 3, 2008.