Dim sum? More like chop suey tonight. After a short squeeze that lasted all of 6 minutes, the Heng Seng went into full-on grind mode. Very few trades reached their targets, and all contracts with trailing stops got picked off. I finished in the green, but paid twice in comissions what I paid myself. If I were to be critical of myself, I'd say I overtraded, and should have quit earlier. Easy to say in hindsight though, as I really expected more than one setup to produce a decent move. You'll notice I placed one HHI trade... that's because I was short 2 MHI contracts at the time and wanted to hold onto that trade, so the HHI was a hedge of sorts. +275 HKD (~35 USD)
hey..Dim Sum is authentic cantonese chinese cuisine but Chop Suey is american invention of yuk chinese food. Sorry pal, we don't have chop suey in HK. P/S: Good start in trading, you'd made some $ .. and that's a new good beginning of your journey..
There was blood in the water tonight and I did my best to press it, both trend and counter-trend. It's always easy to kick yourself for not doing better, I had no idea the Heng Seng was going to run that far, but that's the way it goes. The biggest issue tonight was caused by switching over to counter-trend trading a bit too early, but it was only with one contract so the heat I took on the trade didn't bother me that much. Furthermore, it was according to my trading plan and I profited from the trade, so I wouldn't necessarily call it a mistake. Green is good, so I'll enjoy it for the moment. +2094 HKD (~$269 USD)
Beautiful! Didn't know one can make so much trading one contract of Hang Seng. Looks like you can have some live Australian lobster onboard Jumbo!
Have you ever considered quitting this job and get something that you are better at doing? I did not read every single word of your reflection over the past years but when in every other sentence the word "lost" "minus" "loss", "make back" "back to where I started" "average p&l on trade around 25$" then I start wondering whats going on. I mean you did not try this for a few months and thats where you stand. You now seem to have attempted this for several years and yet you sound like someone who really did not make it. I dont try to put you down but you sound either addicted to this game and cannot stop it although you keep on losing or you just did not realize that it may be time to quit and move on, life is really way too beautiful to not be forced to grind it out without even mediocre success rates. Dont let anyone tell you that you are a loser because you did not make it in this profession. Find something that you are good at. I urge you to get a pen and paper and really think how much you lost over the years, even better, calculate how much you DID NOT MAKE but could have made in another job, its called opportunity cost. Just my 2 cents...
yeah..with a wife and two young kids depending on him to bring home the bread & butter (sometime losbter).. i would hate to see if he's losing his hard-earned $ to the crazy market. i wish him good luck and much success on what he chooses to do... at only 33..i think he's very good at his profession and maybe can promoted to the Top (President) if he concentrates on his job. but we are not him... only he knows what's best for him and his family. Btw, you're European..how come you use "asiaprop" as your nick- name here huh?
Wow.. We are in the same Region Europe is Great but Asia is purely Amazing! ... with fate, maybe we can meet up for a cuppa of tea someday.
Don't you know.. the Chinese is the Biggest Gambler in the world? Most Casino Premier VIP , they called it "Whales" are Chinese. Macau already beaten Vegas in term of profit$. The Hong Kong people are crazy over stocks .. even a veges seller "po-po" (granny) invests in stock-market. Wait another 10 years or so.. Lujiazui is trying to catch up with wall-street.