My FIRST Stock Trade in this Blog!

OK, here's my 1st trade in stocks, done at the tail-end of the year 2009 (I did not even bother to wait until the new year)! In this trade, I only took very small position.

I did not want to take a full position yet, because I have not been trading stocks for some time already. So rather than jumping in head first, I opted to simply getting my toes wet in this early days of stocks trading.

So why the cautious approach?

I've learnt from my FOREX experience that there's bound to be more fine-tunings on the trading system that I'm using, before things settle down a bit. I'm bound to make mistakes, goof up here & there in my trades........just like what I've gone thru with FOREX.

My aim with stocks trading at this point is not to make money yet, but to simply learn to trade well - and make adjustments to my trading plan as I gain more experience. The money part will take care by itself along the way.

So here's my 1st trade with MAS (listed in NYSE), where I took a small Short position.

BTW, I will resume trading FOREX possibly next week, if I see a good setup.

Taking Stock of Stocks

Well, we're now on the brink of yet another brand new year!

As I had mentioned in my last post, I've been quite busy preparing my trading plans & strategies for trading the US stocks.

In a way, it is quite similar to my FOREX trading plan, although I did have to make some slight adjustments here and there to the original plan, due to the unique nature of stocks trading.

I plan to start trading stocks soon, together with my usual FOREX trades.

I may post some of my stock trades here, just like what I'm doing now with FOREX......

.......or, maybe even start a brand new blog that is solely dedicated to stocks!

Nah........I'll just post 'em here for a start. If I do well and trade them quite regularly, I may consider setting up a new blog just for stocks.

And if I find that stocks are just not meant for me, then I'll just drop it and focus solely on FOREX.

Enough rant now......Happy New Year, guys & gals!

Merry Christmas and a Happy New Year, folks!

We're now heading towards X'mas & a brand new year! Many of the traders around the world are winding down their trading activities, and it's pretty obvious if you look at the charts - which are pretty much choppy these days.

I will also step away from FOREX trading for the time being, at least until the end of the month. It makes little sense to be in the market when all the big boys are in the holiday mood.

This would be a good time to catch up on other things that I've left on the backburner before. Besides the ubiquitous New Year resolutions that are always forgotten the moment we head into the 2nd week of January (I know, I'm guilty of that as well!), it may also be a good time for me to see if I want to also include US Stocks as part of my trading activities.

I have not looked at stocks trading for quite some time ever since I traded FOREX live. One of the reasons why I like FOREX is because of the huge volatility on a scale that you don't see very often in the stocks market.

Still, markets are markets. It doesn't hurt to be looking at other markets for trading opportunities. As the Chinese saying goes, opportunities can come in ANY directions........and certainly not just from FOREX! Maybe this time I will take another look and see if I can trade both instruments together, as part of my overall trading activities. I still have a few cents left over in my brokerage account where I used to trade US stocks before.......might as well put them to some use.

OK folks, enjoy your holidays!

Not meantg to be.....

My chf.jpy trade got stopped at BE.

New Trade

New trade for the week. Let's see how she goes!

Signing off for the week

My aussie dollar trade was stopped out when news came out concerning the USD. Trend line was broken, and well, that's the end of the trend.

New Trade

It's Friday, so why not end it with another trade, huh? Let's see whether I'll end this week with a bang, or a whimper!