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| Monday, July 23, 2007 |
| Random Thoughts #9 |
Excellent short-term traders would most probably earn much more than other forms of investors, but the price is high. You must monitor it consistently, you must have good emotion management and lastly, you must be disciplined. However, one of the possible drawdowns is that in a short term cycle, gains are limited as short term cycles usually dont last long. Losses are small though as cut loss is based on short term indicators. However, one can be "faked out" as indicators will most probably be hit once correction ensues.
For the mid-term however, corrections will just be part of the consolidation cycle. Risks are higher as cut loss targets are larger, but gains are not limited because it will not hit the cut loss in event of corrections.
I'm just thinking, maybe i should shift the cash trades to a longer midterm. This will make me capture most of the trend. The CFD should still be short term as risks-to-returns might be too high to hold. I shall look into the CFD issue then. Right now, I'm kinda tired (mentally) from designing this system. Too many things to look out for. But I guess its all for a better tomorrow.Labels: Random thoughts |
posted by Nenix @ 9:51 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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