Day 4 & 5

Day 4 : Sold at 312.1 without putting stop loss. Market closed at about 313.9 ( Paper loss of US180 ). Afternoon/night ( session 2 ) trading closed at 316.7 ( Paper loss increased to US460 ) Consequence of not being disciplined enough to follow rules. DOW still up about 50 points when TiMSCI closed. Carry outstanding contract to next day. ( Not Advisable )

 Day 5 : DOW closed down 142 points the previous session. Nikkei trading down about 200 points just before TiMSCI opens.  

Saw buy and sell bids at around 310.8 level during pre-market. To ensure chance of getting my buy order done, submitted buy order immediately before market open at 311.0. Done at 310.7 immediately when market opened. Profit of about US140 compared to yesterday’s paper loss.

Bought another contract at 312.0 and sold at 312.5 5 min later. Profit of US50. ( PC having problems.. not responsive..delay in getting my screens to display ) Just watching the action for rest of the day.  Price pushed up to 316.4 when Taiwan market closed at lunch time.

Night Trading:

Sold at 5 points above buy price when FTSE and S&P futures up. Surprisingly not much buying on TiMSCI as anticipated. Happy to close trade with 5 points profit.

Total profit for days 4 and 5 :

Day 3

4 contracts. Time spent : 2.5 hours. First 2 contracts - Failed to put stop loss again. Prices up about 7 points above selling price at one stage, but luckily prices started to get lower. ( together with Sg, Nikkei, etc ) Bought back at 9 points below selling price. Still lack of discipline. Futures index price about 10 points below underlying stock index. Last 2 contracts - Bought when saw prices plunged in tandem with S&P futures. Volatile movement. Prices plunged and rebounded in matter of minutes after buying. Sold at 6 points above buying price. Index price pushed up during last minute of trading in Taiwan.

Day 2

2 contracts. Time spent: 1 hour.  Didn’t put stop loss immediately after ‘buy’ order. Prices dropped about 12 points below buying price but luckily recovered. Sold 6 points above buying price. Index closed at 5 points above selling price. Lack of discipline to follow rules could have lead to disastrous outcome.

First trade of 2008 ( Day 1 )

2 contracts. Time spent : 1 hour.  Warming up.