October 2009 - Follow Through

IB1

IB2

Life would have been a lot easier had i not been obssessed with top picking. In the end, the market shook me off with some pretty deft movement and overall swingtrading amounted to nil. Yes, yes, i know that i said somewhere before that swingtrading is banned. I'm still getting used to this concept.

Overall, i'm happy with intraday scalping. The idea is to spend as little time trading and yet meet the target of US$3k. This is important for me as i'm trading part-time. Achieving the target in October meant something as it proves that September's profit was not a flash. I'm not at the level where i call an edge to my trading yet, that has yet to be proven but October has been a success.

I'm still working out the "politics" of scalping and hitting the US$3k target. Although i only need to make a-point-a-day, it's not as simple as making one point and then switch off the PC. There were days when the flow is just not there. It's the wisdom of taking full advantage of market movements on days you get it right.

Novembers is post Daylight Saving Time. Trading starts an hour later at 10.30pm. I actually welcome this as trading with a crying infant and a hyper-active toddler is crazy on most days. Well, let's see how November fare.. same target US$3k.