This month of August was my “active transition month” in which I was committed to trade in the US market (everyday!) and achieve my 30% return per month. Yes, crazy figures, but I thought I’d start somewhere!
Today, (not yet end of the month by the way) I had done some quick calculations and very pleased to report I achieved a little over 10%, which is my usual target, but happy just the same because the situation is different from what I have been doing for years.
I started trying to stay up all night but by 11pm I am already sleepy (and even hungrier LOL)
But then again, I was intent on actively trading the US market so I began to really pay attention to the activity on the stock in the first hour, I mentioned in this blog my shortlist of stocks and I am focusing on (Facebook) which made well enough (between around 50c low-high range at a minimum per day) which gives me enough opportunity to be in and out quickly, in one hour if I choose, and tolerate risk if ever I was “sleeping on the job”. (I also like AAPL moves by the way but the price is higher).
OK so the stage is set — I got a good stock to trade and I only aimed to trade at the opening hour, sleep, then wake up 30min before close.
Now I wish I can tell you that my trade/s each day was profitable. No.
Or I have knowledge of the price pattern, at Open the price is set low, then reverses after 30 minutes. No.
Or, following good economic data, the stock keeps moving onward and upward. No.
The name of the game is position-sizing. If you position correctly, even if you have losing trades, you would still meet your objectives and achieve your profit goals.
This is the best month for profitable trading that I ever had, in that I exceeded past performance and was very relaxed. I was even asleep. 🙂
Do you want to see how I plan and execute my highly profitable trading systems? Wondering how you can be fully in control of your money and achieve above-average returns? Attend my
Low Risk High Reward Investing workshop happening on Sept 20 at SMX Convention Center SM Aura, Manila.
Follow the link above and use the coupon code “HHT” to avail of the Early Bird Rate of 2000pesos up to September 1, 2014.
For all who registered for the “Increase Investing Profits without the Stress” webinar, you will get an email from me with the slides of the webinar as the recording doesn’t show the slides properly. Or click on this link for download options. ALL THE BEST!
