Feb Performance

Feb is a lethargic month for me, with little to root for. However, it is also a month whereby I pick up some long-term positions, after a correction that started in mid-January.

Realised Profit/Loss
Starhub -165
UOB +120
CAD/JPY -140
Swiber -91

Unrealised Profit/ Loss
UOB +64
Yanlord -200
EUR/USD +15

Total Trading Cumulative Profit/ Loss in 2010
- 111


Long-term Positions (open)
Citibank -1.16%
Gold -0.63%
Swiber -3.6%

Long-term Positions (closed)
SATS +4.4% (have liquidated as I feel prices are nearing a peak, and will try redeploy them again after a major correction later).

As can be seen, I am at a net loss after two months of trading in 2010. This is attributed to an extremely volatile but choppy market, which makes trading very difficult. However, even as I continue to suffer short-term hits to my trading portfolio, I am fairly confident with my holdings in my long-term portfolio, and feel that they have a more than even chance of going higher in the months and years ahead. Citibank, it cannot go lower than this. Swiber, the price I paid is roughly equivalent to what the company paid to buy back shares in the open market during end 2008. Gold, its value can only go up in an inflationary environment. Therefore, I may be disenchanted with the market now, but over a longer term, I am more optimistic.