April Performance

Trading AccountRealised Profit/Loss for Apr
Forex Trades +319
Noble 0

Unrealised Profit/ Loss
None

Total Trading Cumulative Profit/ Loss in 2010
+378

My trading account was boosted by some successful forex trades. However, I am cautious going forward, as markets are getting erratic again. For May, it will be "Limited trades only".


Long-term Positions (open)
Citigroup +27%
Gold +4%

Long-term Positions (closed)
SATS +4.4%
Swiber +4%


Cumulative Long-term Positions 2010
+9.85%

At this point in time, I think there is more downside potential than up. Hence, it will be unwise to add to my long-term holdings. I am also relieved to have rid of Swiber at a small profit. It is now more of a waiting game, for that big correction that will surely come (I am willing to wait for as long as until next year). Meanwhile, I will be trailing my stop in Citigroup (pegged at 20% below recent high) and Gold (protective stop) since I think if I am stopped out, at least funds can be released for opportunities later.