Update Tiger1 and Tiger2

Tiger1
Turn short jan13 @ 2,496

Tiger2

Update

Tiger2

Update

Tiger1
Still holding long jan13 @ 2,471

Tiger2

Tiger2

Tiger2

Update Tiger2

Tiger2

Tiger1
Still holding long jan13 @ 2,471

Update Tiger2

Tiger2

Update Tiger2

Tiger2

Update Tiger2

Tiger2
see below............................

update Tiger1 and Tiger2 for 17/10/12

Tiger1
Roll my long position to jan13

Tiger2
17/10/12 is a whipping day, kena slap like crazy............................

Update for 16/10/2012

No signal for Tiger1 and Tiger2 on 16/10/2012.

Update Tiger2

Tiger1 still holding long dec12 at 2,433

Tiger2
See below.....

Update Tiger2

Tiger1 still holding long dec12 at 2,433

Tiger2
See below.....

Tiger1 and Tiger2

No update for today, still holding long for both T1 and T2.

Update Tiger2

Tiger2
Please refer to the Excel sheet below for today trade.

Update Tiger1 and Tiger2

Tiger1
Trade 4) Finally closed and turn long dec12 at 2,433 = +451

Tiger2
11) Closed and turn long dec12 at 2,420  =  -20
12) Closed and turn short dec12 at 2,421 =  +1
13) Closed and turn long dec12 at 2,437  =  -16

Update Tiger2

10) Closed and turn short dec12 at 2,400 = 0

Tiger1
Trade 3.1) Still holding short dec12 at 2,884

Update Tiger2

7) Close and turn long dec12 at 2,412  = -64
8) Close and turn short dec12 at 2,399 = -13
9) Close and turn long dec12 at 2,400  = -1

Update Tiger2

4) Close and turn short dec12 at 2,344   = +55
5) Close and turn long dec12 at  2,377   = -33
6) Close and turn short dec12 at 2,348   = -29

Update Tiger2

3)Close Dec12 at 2,289  = +88
  and turn long Dec12 at 2,289

Shorter Time Frame Trade (Tiger2)

I name my Shorter Time Frame Trade as Tiger2. Here is the trade for today(2/10/2012).
1) Long Dec12 at 2,416
2) Closed and turn short Dec12 at 2,377  =  -39

Trading Shorter Time Frame

SInce I got some extra profit in my account, I decided to add a shorter timeframe trade starting tomorrow...I mean 2nd October, now is already 12.10am.
I will update my entries at night also.

The challenges of trend following : Hope and Fear

Recently, I've been receiving inquiries as to why I still haven't taken profit yet. The answer is simple, my system hasn't signaled me that the trend has changed.

Like Jesse Livermore said when you hope you should fear when you fear you should hope. What does this mean? IF you look around stockbroking houses you'd see that the majority of the retail clients always take small profit for the simple reason that they 'FEAR' they'd lose their small profit and they hold on to losses for they 'HOPE' the market would go back their way. I should be hoping that my winnings would turn out to be bigger than now rather than cutting my profits short.

The danger of taking premature profits is to leave me FRUSTRATED should the trend continues further. Then my AGONY to ease the pain will force me to play catch up with the market which will be suicidal for me as it would be for any trader. Think about it, how many times have you taken premature profit and see the stock or instrument which you have been holding go even higher and higher. I have heard many testimonies from clients that they could have made a killing "IF" they just held on a little longer. So you see, even if I'm forced to reverse my position later and the profit is not as big as it is now, I would still be proud of myself for following my system as I know I could never predict the future or how much I'm going to make ; I'm just a trend follower. I have no emotional conflict now with myself whether I win or lose in a trade and I do sleep soundly not worrying about the future.

So my friends, I have "HOPE" that my profits would grow bigger and please do not "FEAR" I would lose it.

Maybe if time permits me and when I'm in correct frame of mind, I would try to explain trend following in more detailed. I do hope my bestest best friend Richie Lee of  http://cposystem.blogspot.com/ would contribute some of his thoughts and ideas on trading in this blog.