Thursday, September 3, 2009
Shanghai Index - Trend continues.....
Today probably makes the turning point as the market resumes its uptrend. Needless to say, it was led by chinese bourses with SSE closed up 4.79%. My margin reached over 70% as many of my pending orders were filled up and showing a decent profit. I had to unwillingly cancel the remaining of my pending orders as my fund will only be credited into my account late next day, and I do not want any of my position to be closed prematurely due to margin call. The sucky thing is that I will be leaving for London tonight and I have no control till I arrived at the hotel for the afternoon trading session. My watchlist is showing several good potential candidates which will probably breakout tomorrow and this will prove once again the importance of protecting one's capital so that when the opportunity comes, there will enough to capitalize on it. Unfortunately, due to my folly few weeks ago (which I will explain in future), I am only half prepared for this resumption of uptrend. In fact, I should have known better when my mentor advises the use of DMA broker rather than a marketmaker. As such, I hope my funds will reach my DMA broker account by the time I reached London and hopefully in time to enter my positions.
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