Sunday, December 16, 2012

Account 8030, 16/12/2012

The Nikkei 8500 Dec put option expired on the 14/12/2012.

The Shanghai A50 CN December contract  has a unrealised profit of USD 830.



I have adopted a very conservative approach for this account so far without taking much risk, in fact under utilising my margin. It must be a joke to most of my fellow traders. I am experimenting with this account with a longer term view to achieve my objective of 10% return per annum. I am still in a learning phase, maybe too slow for most to stomach, don't forget I am in semi retirement.  Probably I will take a more aggressive approach once I have build up enough confidence and foreign capital for this account.

So, anyone want to employ me as a consultant for a 10% return?

I don't believe in losing money, that's my major weakness, kiasu and kiasi now. I have taken too much risk in the past, now I am questioning myself how could I have taken those reckless risk.

Maybe I am just a good and skilful gambler With a Little Luck and dedicate this song (one of my favourite) to those who need it. http://www.youtube.com/watch?v=nFqKN8yhA54

6 comments:

KAW said...

slow and steady wins the game, cheers!

coconut said...

ya luck is good but it don't come easy!

http://www.youtube.com/watch?v=jZfAik7wP8U

Fat88Trader said...

Lady Luck always follow the skillful and the knowledgeable.

coconut said...

not really, look at ringo starr, he is just a drummer, he can't sing, he can't write songs.

he got the other beatles to write songs for him, even to sing for him, what a lucky guy! he is richer than most popular singers around.

here's another one,

http://www.youtube.com/watch?v=EmOtWyjs8iU

how i wish i was him.

KAW said...

Its like in Chinese saying of "zhen cai" or "pien cai" thingy...latter is what I don't have, so I save quite a fair bit from buying 4D/Toto/BigSweep :)

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