As promised, i will post my trading records here. From the table, as you can see, i have started with a higher volatile equity product - warrant. As the market is expected to be volatile for Q1 2009. We should ride with the wave of the volatility.
Bought 25k of Ramunia-WA and sold all at different day. profit RM257, return 8.8% in a week, not to bad ah.
Ok good news is told, now is the bad one. On 6 Jan, 50k Resorts-CH was bought at RM0.85. Currently, i am sitting with paper loss of RM700 just for this counter. that translates to 16% loss. Do you find any error in in writing??
Actual the purchase price is RM0.085 not RM0.85 (first line third para). i was supposed to queque for RM0.085 (it was traded at RM0.09 at that time), unfortunately i have keyed in RM0.85. As a result, the system will match the best price at RM0.085 instead of what i keyed in.
Lessons learn:
1. any derivatives products are highly volatile, it surges fast, slump quciker, for starter dont start with this prodcut;
2. start your paper trade, learn or season yourself with the trades of trading first.
3. start as early as you can, as you are probably aware, its darker before dawn, all bad news has been looming around the world, but market has reduce to go down further, probably in 6 to 9 months time, we will have switch strategy to investing instead of speculating.
Happy trading.
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