It has been a long time since i last blog.
Recently, my currency earning did move up to positive of 6k. However, the recent strengthening of EUR/USD has eroded nearly all my positive and pushing me to the brink of negative. I believe the EUR will continue to strengthen to 1.58 and above; hence, i put quite a number of limits to reduce my losses. However, I did not put any limit for the GBP/JPY as i have decided to short in for a moderate term.
If things go for the worst, i shall be in great negative and given my partner continuous lack of cash, i believe i will be in deep shit as ever. Things are going real bad and tough. I guess i shall have to endure through another volatile week.
Haiz really damn sad and disappointed. my uni fee gone ...
Saturday, June 28, 2008
Thursday, June 19, 2008
Yet another losses
This few days saw a reverse after an intial of further profit of around 212 USD. The losses will mostly due to early hours of buying in that result in such tremendous losses; this was follwed by many other times of buying in too at the early morning that result in great losses.
Today, after coming back from camp, I was really disappointed as the limit i set for EUR/USD at 1.56 was not filled and the highest was at 1.5585(roughly). Although it looks like just a slight difference, in fact, the changes are huge.
I continue to hold on to my position on EUR/USD which had fallen to a low of 1.5467+ although my target was reduce to 1.5580, a down from the initial high sell limit of 1.56.
In addition, i long the USD/JPY. I realise a very special situation. Since both of my positions involve USD, either pirce goes up/down, the other will normally reverse in direction.
My conclusion is therefore to forbid from buying any currency that will clash with the same currency . Solution found to reduce such risk exposure is to unload either one of the position which reaches a certain level as determined so that out stand can be neutral or positive.
8.15am (US)- I can see that the relationship dilute and both seems to rise at the same time. Perhaps, while some similarity involves between these 2 couple currency, we can hold them awhile to verify the situation.
8.31am- The situation is getting more obvious that when one goes up, the other goes down. I guess I reallhy have to unload to maintain the neutral/positive stand of my situation.
8.40am- While both have rise up, it seems that their relationship does have effect but is minimum at the moment.
9.01am- Although the EUR/USD had risen quite steadily above the 1.55007, the USD/JPY still looks pretty steady.
9.22am- There are news that European names will be selling one of my currency which is EUR/USD. This is a bad sign and i can see that the dollar has fallen from a constant trying high of 1.51+ to now 1.550+ and going below 1.549 level. It seems that there will be a mega sell off slowly and i will be really in deep shit. However, i still decide to long in for now. This was reflective a growing back of USD/JPY to around 107.85+ level which had to threaten to go below 107.20+ level. It seems that everything is going to be slightly balanced but overall again the losses is set to increase once more.
9.28am- Right now the EUR/USD had fallen to below my ideal above 1.50+ level and it is set to go lower perhaps all the way to 1.5480+ and with that a great loss will be expected and a sudden fall is expected in near future. However, i will still long it. Also, this is reflective of a rise in USD/JPY to a once high of 107.85+ level after the lowering to 107.20 plus level.
9.31am- As expected the EUR/USD had fallen to 1.5486 level a sharp fall and is set to fall to below 1.5470 level. In the mean time the USD/JPY rises up to a high of 108.00 but struggling between the range to go below and up again. This is a powerful indicator of the relationship.
9.48am- Right now things looks more bleak although EUR/USD recovers back to around 1.5486+ level while the USD/JPY falls back to 107.87+, a sign of weakening and both currency has been holding for this relatively high position for long and a sudden fall will really wipe me out. Crisis: Unknown how long i can still endure this down period.
Well that is all for now ba......
I really need to re-coup the losses. How .... it is so disheartening...
Today, after coming back from camp, I was really disappointed as the limit i set for EUR/USD at 1.56 was not filled and the highest was at 1.5585(roughly). Although it looks like just a slight difference, in fact, the changes are huge.
I continue to hold on to my position on EUR/USD which had fallen to a low of 1.5467+ although my target was reduce to 1.5580, a down from the initial high sell limit of 1.56.
In addition, i long the USD/JPY. I realise a very special situation. Since both of my positions involve USD, either pirce goes up/down, the other will normally reverse in direction.
My conclusion is therefore to forbid from buying any currency that will clash with the same currency . Solution found to reduce such risk exposure is to unload either one of the position which reaches a certain level as determined so that out stand can be neutral or positive.
8.15am (US)- I can see that the relationship dilute and both seems to rise at the same time. Perhaps, while some similarity involves between these 2 couple currency, we can hold them awhile to verify the situation.
8.31am- The situation is getting more obvious that when one goes up, the other goes down. I guess I reallhy have to unload to maintain the neutral/positive stand of my situation.
8.40am- While both have rise up, it seems that their relationship does have effect but is minimum at the moment.
9.01am- Although the EUR/USD had risen quite steadily above the 1.55007, the USD/JPY still looks pretty steady.
9.22am- There are news that European names will be selling one of my currency which is EUR/USD. This is a bad sign and i can see that the dollar has fallen from a constant trying high of 1.51+ to now 1.550+ and going below 1.549 level. It seems that there will be a mega sell off slowly and i will be really in deep shit. However, i still decide to long in for now. This was reflective a growing back of USD/JPY to around 107.85+ level which had to threaten to go below 107.20+ level. It seems that everything is going to be slightly balanced but overall again the losses is set to increase once more.
9.28am- Right now the EUR/USD had fallen to below my ideal above 1.50+ level and it is set to go lower perhaps all the way to 1.5480+ and with that a great loss will be expected and a sudden fall is expected in near future. However, i will still long it. Also, this is reflective of a rise in USD/JPY to a once high of 107.85+ level after the lowering to 107.20 plus level.
9.31am- As expected the EUR/USD had fallen to 1.5486 level a sharp fall and is set to fall to below 1.5470 level. In the mean time the USD/JPY rises up to a high of 108.00 but struggling between the range to go below and up again. This is a powerful indicator of the relationship.
9.48am- Right now things looks more bleak although EUR/USD recovers back to around 1.5486+ level while the USD/JPY falls back to 107.87+, a sign of weakening and both currency has been holding for this relatively high position for long and a sudden fall will really wipe me out. Crisis: Unknown how long i can still endure this down period.
Well that is all for now ba......
I really need to re-coup the losses. How .... it is so disheartening...
Sunday, June 15, 2008
Uncertain
Blogging today as usual. However, the level of fear, uncertainity carries on to bother me again. I wonder if i can really recoup most of the losses tml although i knew i really need to do so.
Saturday, June 14, 2008
Disheartened; loss degeneration life
quite a few days since i blog
Things got worst. Losses hit over 6k on friday. However, late hours of last day of the week trading allowed the EUR/JPY to recover some of its sudden losses partly due to the technical fault of the system and i am back to losses of 3.91k still.
I have decided to set the sell limit at 166.740 maybe will increase to 166.750. Even if this is reached, it will not cancel all my losses. In fact the losses will still be above 2k. In the mean time, i will still venture into stocks but using a trailing stop loss to limit any potential losses. This is the new skill i learn today.
In fact, i am desperate for success. I have many things to pay for like future university fees and stuff but things are not looking good. My heart aches like hell each day, pondering if it will rise to the limit i set as if it does not, i will be in really big trouble. Now, i do not wish for large earnings, just small gains each day to fill up my losses.
Although it is saddening for me to trade all this, the worst thing is my NS life. Currently, i really cannot endure much longer and it is both tiring and annoying. To be frank, there is fear and i dread each day reporting back. At this point, i realise that my endurance and determination are weak. I cant seems to go through adversity. There are little things i have now and with the bleak future of my trading life, things can get much worst.
I really need help but every time when i do need, i realise that no one is there to assist me and none can really help me regardless of whether i help them before. Still, i am certain that i cannot give up and without choice have to endure.
Really feel like crying out as these few years are really tiring and hard to endure. Haiz
President RayOz.. the shattered hope.
Things got worst. Losses hit over 6k on friday. However, late hours of last day of the week trading allowed the EUR/JPY to recover some of its sudden losses partly due to the technical fault of the system and i am back to losses of 3.91k still.
I have decided to set the sell limit at 166.740 maybe will increase to 166.750. Even if this is reached, it will not cancel all my losses. In fact the losses will still be above 2k. In the mean time, i will still venture into stocks but using a trailing stop loss to limit any potential losses. This is the new skill i learn today.
In fact, i am desperate for success. I have many things to pay for like future university fees and stuff but things are not looking good. My heart aches like hell each day, pondering if it will rise to the limit i set as if it does not, i will be in really big trouble. Now, i do not wish for large earnings, just small gains each day to fill up my losses.
Although it is saddening for me to trade all this, the worst thing is my NS life. Currently, i really cannot endure much longer and it is both tiring and annoying. To be frank, there is fear and i dread each day reporting back. At this point, i realise that my endurance and determination are weak. I cant seems to go through adversity. There are little things i have now and with the bleak future of my trading life, things can get much worst.
I really need help but every time when i do need, i realise that no one is there to assist me and none can really help me regardless of whether i help them before. Still, i am certain that i cannot give up and without choice have to endure.
Really feel like crying out as these few years are really tiring and hard to endure. Haiz
President RayOz.. the shattered hope.
Wednesday, June 11, 2008
First Day of Trading
Haiz first day of real trading is disastrous, firstly, the margin is limited.
Secondly, the price is just not right.
Haiz how should i go about doing it man!
there is losses of less than 1k though which is still very bad.
Secondly, the price is just not right.
Haiz how should i go about doing it man!
there is losses of less than 1k though which is still very bad.
Saturday, June 7, 2008
The Re-Birth of New Hope
It has been a long time since i pen down my feeling again. Many things happen this week. First of all, starting of the week is not so good as mood is bad as i was thinking of the little hope of starting my investment thingy. Now new things start to change as i finally found a funding but in fact it is a loan. i have transferred the loan to my another partner who will credit it into the account and if he runs away with the money, i will be in deep shit.
Ever since i start learning about the stock market, i realise how much i like it and perhaps if i fail and gone bankrupt, i will start all over again. In fact, my dream of becoming a millionaire seems far especially given the short time frame fight now. But neverthelss, i am not going to give up right now. Every small step counts and that is why i am here to stay.
In the mean time i had appeal to all three local university and i pinned my greatest hope on FASS. I appeal against the restriction in order to have greater freedom inmy choice of study in uni level. If i am not interested in the course, i will most likely not take it since it will not benefit me at all .
Guess that's all for now! Hope my investment thingy runs smooth and allow me to accumulate wealth especially for my uni tuition fee!
President RaYoz
Ever since i start learning about the stock market, i realise how much i like it and perhaps if i fail and gone bankrupt, i will start all over again. In fact, my dream of becoming a millionaire seems far especially given the short time frame fight now. But neverthelss, i am not going to give up right now. Every small step counts and that is why i am here to stay.
In the mean time i had appeal to all three local university and i pinned my greatest hope on FASS. I appeal against the restriction in order to have greater freedom inmy choice of study in uni level. If i am not interested in the course, i will most likely not take it since it will not benefit me at all .
Guess that's all for now! Hope my investment thingy runs smooth and allow me to accumulate wealth especially for my uni tuition fee!
President RaYoz
Tuesday, June 3, 2008
The Falling System
Well just analyse my stock system and realise that it is getting from bad to worse each day. The estimate profit is around 1k plus which is the lowest ever since the creation of my system. haiz what to do sia.
in addition, tml i will soon open my trading account and soon it will be cashed with real $$ and after which i can start to trade and test my system... dun really feel excited because the market seems to go against me now sianz sia wat to do???
I guess i have to upgrade my system soon to prevent failing.
in addition, tml i will soon open my trading account and soon it will be cashed with real $$ and after which i can start to trade and test my system... dun really feel excited because the market seems to go against me now sianz sia wat to do???
I guess i have to upgrade my system soon to prevent failing.
Monday, June 2, 2008
another chance
well , it has been a few days since everything settles down and perhaps i should really give up on this dream.
But then, everytime when i decides to give up, new glimpse of hope appear to me. When i hold onto it, it seems slippery and gone.
Should I or Should I not?
But then, everytime when i decides to give up, new glimpse of hope appear to me. When i hold onto it, it seems slippery and gone.
Should I or Should I not?
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