Saturday, April 18, 2009


"Live long enough and you will eventually be wrong about everything" - Russell Baker

Liquidated all open position with a profit of S$1,769.00, could have done better but was caught on the wrong side with our initial entry. I am now planning my trades every morning and have learnt to use to Pat's system automated trading platform for our entry and exit. It save me a lot of headache in the efficient execution of trades.

Money management is among the most important element in the success of a trading account. One of the reasons I have been able to perform consistently over the last few months for our trading account 2 is the employment of sound money management. Going for higher return this financial year would definitely involves higher risk, no doubt about it.

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