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| Tuesday, October 16, 2007 |
| CFD FuJianZY |
Sold my holdings at $0.715. This is the first time that my trigger has hit so quickly. Based on cost, I incurred a 61.34% loss. Ouch.
What I might have did wrongly is that I have overinvested in CFD. If you all have followed my postings, you will know my struggle to cope with the mechanics of CFD. Following trend has its disadvantage as its not easy to sell.
I have an idea which I thought about. While the cash account should be used for position trading, CFD should be done based on cash generation. In this aspect, I should have profit taking on these counters. Maybe this is the lesson that I have to learn from this loss.Labels: CFD, FuJianZY |
posted by Nenix @ 3:23 PM   |
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| CFD OKP Profit taking |
| Profit take on OKP at 0.845. Not neccessary but wanted to generate cash flow for my CFD account. After deducting the transaction costs, my positions have a 3.03% profit from cost. Labels: CFD, OKP |
| posted by Nenix @ 12:45 PM |
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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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