A rude awakening

I have been latent for a while now, as I took time off for my wedding, and honeymoon to Europe. My first thing upon my return, therefore, is my passion: Stocks Trading.

I have just about finished assessing my stock trades for the past year, and is jolted by a rude awakening. Of my 16 stock trades, only 1 is an A and 1 is a B. 8 are C and 6 are F. As can be seen, this is far from making it as a trader, and retiring at 38.

What makes it so bad?After all, this is a year of superior returns in the stock market. Premature exits is the main culprit for my F in Sino-Ocean, Yangzijiang, IndoAgri and SGX.

On the occassions I followed trading plans, mostly they were not successful. This was the case for ASL( I altered stop loss), Swissco ( altered stop loss), Capitaland (altered stop loss), Guangzhou, SGX and Venture. As can be seen, in most cases, the original trading plan never lasted till the end. There is something severely wrong with my ablity to follow trading plan.

In most cases where I fail, my entry was too early, way before the stock moved up from its retracement. Therefore, I need to time my trades really well if I want to enjoy success in trading.

My only shining achievement was in Guocoleisure, where I followed the plan, and won. But can I still trade the same way, and expect a different result? Answer is obvious. I have to change the way I trade.


In the new year, my trading definitely needs to be more disciplined and accurate.