Thursday, October 30, 2008

Checkpoint 2

The two trades on HSI and USDJPY are taken on a hit-and-run basis. Posted decision process to Channel NewsAsia stocks forum.

I use 3k out of 5k Citibank prize money to trade on Mon. So happen public holiday haha. When I close off remaining positions I waited and time the selling so that net gain for this campaign is 168%. I am selling although price actions favour upside.
(on hindsight it really did)

It makes no sense. Why am I doing that?

1. learn to detach from money and practice self-control
2. test my skills to time closing and yield a chosen profit
3. 68% gain is the gain I made in Citibank Stock Challenge

I did it. $8039.09 -> 168% gain from 3k capital


THE LESSON:
Remember the self-control practiced during this campaign and continue implementing high levels of self-control in future.