FFXD

Over and Out

noreply@blogger.com (FFXD) — Sat, 02 Jul 2011 23:04:00 +0000

This is my last post here for a while now. I might return later but I might not as well. I thought foreign exchange is my thing but analyzing what I have done so far, I must say it's not. I thought I have to return to trading retail forex sometime in the near future, but I don't think I'll do it. I know it's not going to work for me. Beside that, someone very important to me told me forex is an addiction to me and I should stick to stocks. I believe she is right. She is my mother.

The forex market taught me a lot of skills that I could never apply within the market successfully. However, they did help me with the stock market a lot. I'm not saying I did excessively well but I did well even though I couldn't make any money. So what I couldn't, I didn't lose any either when millions of people lost when the market crashed. Maybe I was lucky, I don't know. I believe if I stick to something for long enough, I'd be successful some day. But forex won't allow me that opportunity without putting more funds after every few months. My thousand dollar account survived for a year only because I didn't trade as much as I should have. Nevertheless, it was a great experience.

I have spent way too much time on this blog, first on designing it and then on maintaining it. Now, it's a very crucial time of my time which will decide where I'm heading to. So, I have decided to let a lot of things go and focus on a few important ones. I'm not a very good multi-tasking person and trying to do a lot of things at once makes everything worse.

Now, it's time for me to do something in life, which I should have started doing six months back but like I said, I was too busy with a lot of things. I have had a great time here with all the followers and friends but life doesn't work having great times all the time. There are opportunity costs in everything and to get something, we always have to give up something. You guys keep doing what you believe in and if you already haven't, you will prosper sooner or later. My best wishes are always with you all.

Month End Statistics

noreply@blogger.com (FFXD) — Thu, 30 Jun 2011 23:01:00 +0000

	Jun 2011	May 2011	Apr 2011
Composite:	73.14	74.89	78.73
Change:	-2.33	-4.87	-1.33

Month End Statistics

noreply@blogger.com (FFXD) — Wed, 01 Jun 2011 01:36:00 +0000

	May 2011	Apr 2011	Mar 2011
Composite:	74.89	78.73	79.29
Change:	-4.87	-1.33	65.63

Blue Server

noreply@blogger.com (FFXD) — Sun, 29 May 2011 13:50:00 +0000

Like I said I was busy developing a website for fund management for the last few days. Yesterday, I suddenly realized I'm running an outdated server, around two and a half years old. It's from the time when I used to work with it for fun. I had to update the server. So I started creating a new one from scratch. After 12 hours of work, I end up creating Blue Server, available on SF. It's a stable, fast, lightweight, secure, and portable WAMP server. It has got just everything I need. Anyway, since I created something useful, I released it to public. I know hundreds of other WAMP servers are already available but those are full of useless features whereas Blue Server is clean and that's all I need.

That's How I Waste Time

noreply@blogger.com (FFXD) — Sat, 28 May 2011 10:22:00 +0000

-0.54%

Just like... story of my life. Yesterday my account finally blew with the last usdchf trade. This trade lasted for 3 months and my account, for 1 year and 2 months. I was wrong and what have I learned? Nothing! Trading forex is difficult. But I won't give up, I can't give up. But I can't re-invest in forex either at this time. If I was profiting from stocks, I could have put some money in my account. But after the stock market crash, the market hasn't gone up. In fact, it's been going down for a while now. During last couple of weeks I think, the market fell a lot more than it went up. When it went up by 2% a day, it went down by 4%. That's how it's been moving. I have left around $20 in my forex account now and my stock portfolio is down by more than 10% now and unrealized loss now stands at 128k (around $1800). I have gathered another 150k for investing in stocks but I'm not planning to use that anytime soon. I have kept margin as a backup but now I'm keeping this money as well.

So, what have I done for the last one week or 10 days? I was busy creating a website. It's for my trading business where people who have invested in my so called "fund" can view status of their account online. To be honest, it's one of my best programming work so far. I'll take it online after a few months, 14th of August to be specific. If I get tired of waiting, I'll take it online on the 1st of July. Other than that, I haven't really done anything productive or worthwhile. I slept only when I felt tired, whether it was 10 PM or 10 AM or 3 PM and woke up whenever I have had enough sleep, whether it was 4 hours, 8 hours, or 10 hours... a complete routine-less life. I'm getting tired now, tired of everything. Basically, I'll start losing my mind again and I can feel it. I know I sound stupid but I'm not good at explaining my psychology.

Anyway, I made a short story long I guess. My next plan is to start off with GMAT again for another round. Hopefully this time, I'll actually take the test instead of just fooling around. I need a couple of weeks though, to set the stage up so that I can study comfortably. I guess that's how I waste time.

Blogger Restored

noreply@blogger.com (FFXD) — Fri, 13 May 2011 18:03:00 +0000

This is for the first time Blogger was down for such a long time, nearly a day. Blogger team has restored the service but in the process, many of us have lost posts and comments.

Edit: Looks like blogger is restoring deleted posts.

Turning Around

noreply@blogger.com (FFXD) — Thu, 12 May 2011 17:15:00 +0000

If you've been following my long usdchf trades, you probably know it turned around after one of the two trades was closed due to lack of insufficient free margin. I feel like I knew it was going to happen because most times, when I closed a trade it a trade had hit my stop loss, it turned around. The other usdchf trade is looking strong. It fell by around 50 pips today which is giving me slight headache, but I think it's normal correction and I believe usdchf trend has changed already. If I had some idle money, I'd go long at around 0.8820. The stock market seems to have find some support at 5500. Today the index went up by 130 points and I had around 400k in cash and I bought another 5000 malekspin at 56.00 which brought the average cost down from 66.00 to around 63.00. As far as I know, the market is going up next week and this could turn out to be a good move.

Hellish Market

noreply@blogger.com (FFXD) — Sun, 08 May 2011 17:56:00 +0000

I hate the stock market. I'm not depressed or losing my mind, but now I do hate it. It's neither bullish nor bearish, it's hellish. The last time I posted here, the market index, after falling, was more than 6000 and today it's around 5600. Today alone, the market index fell by nearly 5% and out of 248 issues being traded, only 1 went up. Ever since overall turnover has come down from 3000 plus to less than 500, it's not going up anyway. Who's going to buy now when the probability of further fall is much greater than otherwise? Once again, I'm stuck with 10k shares, of a different company though and my total unrealized loss is now 94k. I'm not worried though for more loss I incurred, the stronger I became.

Month End Statistics

noreply@blogger.com (FFXD) — Sat, 30 Apr 2011 06:58:00 +0000

	Apr 2011	Mar 2011	Feb 2011
Composite:	78.73	79.29	48.46
Change:	-1.33	65.63	-38.21

One is Over, One is Not

noreply@blogger.com (FFXD) — Fri, 29 Apr 2011 22:26:00 +0000

-0.53%

Finally, one of my two usdchf long was closed today after two months and one week and I never realized it's been that long. Today I experienced a margin call for the first time. I though both of the trades would be closed at the same time but one of them was closed and the other one started using half the free margin that was left in the account. Anyway, I would like to see the end of it. The other trade, wouldn't be closed unless usdchf reaches 0.8455 and I'll let it roll. Other than this loss, I neither lost nor gained this month. At first I made some profit from stocks, then I had to give it up to prevent further loss. I hope next month, overall, would be much better.

Now Loading

noreply@blogger.com (FFXD) — Wed, 27 Apr 2011 12:06:00 +0000

This week the market went down further. Sunday: -120, Monday: -210, Tuesday: -70, and today: +275. Today I bought some malekspin at 66.02 on average, and it closed at 66.80. The market, I believe, is still quite volatile. Market turnover reached 1.5 year low yesterday and as long as turnover won't go up, market cannot go up. For forex, my account was almost blown up yesterday when usdchf reached 0.8670; 60 more pips and it would have been gone. Current support is my last hope.

Another Illusion

noreply@blogger.com (FFXD) — Thu, 21 Apr 2011 20:46:00 +0000

My Sunday stock sale turned out to be a good move. Very rarely it works that well for me. The day I sold them all, market index went down by 30 points. Next few days: -30, -70, -120, +60. If I hadn't sold, I'd be now down by more than 100k. It looks like another downtrend has formed and I have no intention to enter right now given that shorting is not allowed in the stock market here. By the end of next week it should be clear what might happen in the short run.

On the other hand, I'm still long on usdchf. There's a good possibility that this trade might blow off my account. But I have to stay in this market and I cannot deposit anymore money right now. So, I'm also doing some part-time freelance work to save some money. In 3 weeks, I've saved around $15, $145 more to go. Also, as of last few days, I'm now more inclined to use higher timeframe for trading, at least 4 hour charts. I've been monitoring usdchf on daily charts and it more clear than lower timeframes and it seems I can lose less trading higher timeframe, apart from this usdchf trade. It's not the first time something new looked good when I haven't done it yet and it might be another illusion.

Over and Out

noreply@blogger.com (FFXD) — Mon, 18 Apr 2011 03:22:00 +0000

-4.44%

I liquidated my stock portfolio at the cost of last 3 months profits. Something is wrong with the stock market now and I don't know why but it's likely to go down a lot further. I sold remaining spceramics at around 90.00 for a loss of more than 50k. The rest of the week will identify if it was a wrong decision. I think, now that I have sold everything, it's going against me.

Destination Hell

noreply@blogger.com (FFXD) — Wed, 13 Apr 2011 12:56:00 +0000

+3.74%

My stock account is trading but I'm having a hard time figuring the price at which stocks are bought and sold since I'm not doing it right now. The statement my broker emails me everyday only shows my account status but no transaction details. Anyway, today the market was down and I realized some more gains, around 36k, selling 4900 spceramics at around 90.00. It closed at 88.00 later. My unrealized losses, on the other hand, jumped up to 48k. These all are, ofcourse, approximate figures based on my estimation.

The forex market is still going against me. My open usdchf trade leaves me with two-third of my account; i.e. I lost one-third already but the losses are unrealized. I'm still being stubborn with the belief that usdchf will reach 0.97 before blowing off my account.

Things are getting out of control in every aspect and I've started losing my mind internally. I'm thinking if hell is where I'm going, hell is where I'll go.

Sold and Bought

noreply@blogger.com (FFXD) — Sun, 10 Apr 2011 21:29:00 +0000

+4.30%

Today, I sold fuwangcer at, I think, 540. Well, I didn't sell it, someone else did it on my behalf and I approve of it. But he bought another 5700 shares of the same old one I'm trying to sell. Now I can't do anything other than hoping it works on my favor. I should have been there but I couldn't and still can't... since I have to study. Currently, I suck at gmat and I have to get better, a lot better at it.

Good Move Yesterday

noreply@blogger.com (FFXD) — Wed, 06 Apr 2011 12:01:00 +0000

-3.50%

I'm so occupied with gmat preparation lately, I don't get time for anything else. I figured, it's now or never. I wake up at around 11 in the morning and take a look at how the market is moving. Then I start studying. I study for 2~3 hours and then I take a break for lunch. Then I start studying again for 4~5 hours and then I have dinner and watch TV a little and I go back to studying again for 3~4 hours. Late at night, when I see I can't take it anymore, I go to sleep. This is what I've been doing for the past 5 days. It may seem like I'm being too hard on myself with the preparation, but I really gotta get a lot better to get a score of 720~750. Even then, it seems a little to difficult for me. But I'll not give up. The main problem is time, which I really don't have. I have like a month to prepare myself completely and perhaps another 15 days before I take the exam. I hope I'll have the courage to continue like this.

Anyway, I couldn't go to the market and trade since I've been so busy. Yesterday, someone altered my portfolio a little. One of the stock, spceramics along with the market is having a difficulty going up due to sell pressure. He sold 5500 out of my 15500 for a loss of 34k and bought 1000 fuwangcer at around 492.00. Today, the new one went up by more than 5%. It will be not easy getting out of spceramics deal without incurring further loss. Now if I can sell the remaining 10000 at more than 97.00, I'll be at break-even from this deal which is highly unlikely even though it was closed at around 94.00. This is an example why: when it reaches around 95.00, I see 50k sell orders, when it reaches around 96.00, I see 150k sell orders, and around at 97.00 this time, there will be like 400k sell orders. No wonder why it's not going up. Anyway, the market is having a mixed reactions lately. It's not falling but it's not rising either. Some junk stocks are going up everyday while some fundamentally strong ones are going down.

Well, if I keep on typing, I can keep going on for hours. I already typed a lot because I don't want to go back to study again, I'm tired. But I gotta do it, there's no alternative. There's another purpose behind this gmat thing, but more on that later.

Month End Statistics

noreply@blogger.com (FFXD) — Thu, 31 Mar 2011 10:30:00 +0000

	Mar 2011	Feb 2011	Jan 2011
Composite:	79.29	48.46	78.43
Change:	65.63	-38.21	-5.99

Sell Pressure

noreply@blogger.com (FFXD) — Thu, 31 Mar 2011 10:20:00 +0000

It's been e great month of recovery. After having unrealized loss of half of my investments, I've come to almost break-even. Although the stock market is not stable, overall turnover has been fluctuating greatly, prices of junk stocks have been going up, and prices of strong fundamental shares like most banks have been going down. My stock isn't moving lately up to my expectation. It's been ranging between 91 and 95. Market depth shows extreme selling pressure near 95 and above. That is what preventing it from going up. However, as far as I know, AGM of this company will be held soon and if I'm not wrong, it will declare stocks dividend and may be more. Still, I'm not convinced it will go up. The reason is, this month, plenty of banks declared stock dividend in excess of 25% but their price still went down. At this time, I can't do anything other than being hopeful. Market index is yet to reach where it was before by a long way; nevertheless, I'm thankful for the recovery so far.

Money Smells Good

noreply@blogger.com (FFXD) — Mon, 28 Mar 2011 13:22:00 +0000

+3.33%

For the last few days, market was down. Most stocks decreased in price while only a few increased. Luckily, mine were a couple of those few. Today, the market was positive and I realized some gain. I sold goldenson for around 93.50 that I bought a week back for around 86.00. It increased my net worth by around 31k or 3.33%. However, I still couldn't recover completely from spceramics. Today I bought it again for around 93.70. Right now, I have 15500 shares in total after using 60% margin. Today it closed at 94.00 and my break-even price is a little less than 97.00. I'm expecting it will overcome 100.00 barrier within the next few days. I have no defined strategy on what I should do if the price goes up or down. I believe time will help me decide. Forex recovery, on the other hand, has been slower than expected. From being down by 870 pips on my two usdchf trades, it's back to -220 pips. With this trade, I'm hoping I'll reach my destination, i.e. 0.9700, within a month at most.

Intention to Sell

noreply@blogger.com (FFXD) — Mon, 21 Mar 2011 12:20:00 +0000

+3.26%

Today I left with the intention to sell keyacosmet at around 110 but for that, I had to be present at my broker's place since I can't trade over phone with this broker. I left home at 11 hoping I'd reach there within 30 minutes which is usual. But it took me 2 hours instead due to traffic. By the time I got there, it was trading at 105. After some time, I sold keyacosmet for 104.10. I could have made 50k, instead I made 29. The reason behind this sale was that I was using too much margin and my purchasing power was in fact too negative. If the market falls like it did, I wouldn't be able to survive. The sale was a good decision since this stock was last traded at 100.

Almost all stocks that have been going up for the past few days declined today and the rest went up although the market index was positive. Before closing, I couldn't control my greed and I bought 5000 goldenson at 86 ignoring the purpose for which I sold keyacosmet in the fist place.

It was a bad day and that's only due to a fall for spceramics. Given our market volatility, it fell but only around 4%, but since I have quite a lot, 4% seems too much. Anyway, it was a bad day for some people and good day for others. Tomorrow, there's a possibility of another down market but if not tomorrow, the market will probably turn around the day after.

As for forex, I'm now scared to check where the market stands. Currently with open positions at -500~550 pips, I decided to to check the charts only once a day. If I don't get a margin call, I though it would take a few weeks to reach my target but now it seems it might take months. If my account gets busted, it's forex game over for a few months.

Recovery

noreply@blogger.com (FFXD) — Wed, 16 Mar 2011 11:01:00 +0000

Today is the day I'm back on positive figures, technically. It's been more than 3 months I've been dealing with losses. In December, the market index reached 9000 before coming down to 5200 early this month. Now the market is looking to be stable again. Yesterday, I realized 42k in profit and today my losses amounts to 18k. So mathematically, I made 24k. It's been a very difficult time and I hope it's past us now and from here, things will get only better. On the other hand, my forex trades are down again, after Japan disaster. Currently, my two usdchf trades are on -270 pips altogether. It will have to go down by probably a little more than 700 pips to blow off my account. I'm not going to exit though, whatever happens, I'm ready for the consequences no matter how long it takes. I have no plans on adding more funds now. However, I'll probably do it when I'll go for an MBA abroad. But for that, I need a scholarship which definitely won't be easy to get. Anyway, like I say, I'm an optimistic person. Time is not a huge factor to me and money is not everything I want.

Stock Active

noreply@blogger.com (FFXD) — Tue, 15 Mar 2011 10:44:00 +0000

-5.41%

It has been quite a long time since I last traded stock. Today, I traded again. First, I sold 4000 spceramics at around 91.90 making 43k leaving me with another 10000 which averages around 100.50 after the sale. Other way around, I lost 51k and the average is now around 92. Then, I bought 5000 keyacosmet at around 97.00, again on margin.

The market fell drastically by 470 points on Sunday, and went up by 270 points on Monday. Today, it's down again, by 140 points. I'm expecting to sell spceramics on BE and newly purchased one at 120 in the near future.

Bullish Run

noreply@blogger.com (FFXD) — Thu, 10 Mar 2011 10:27:00 +0000

I thought forex market is the most volatile market ever. But what about our stock market? From December to February, the market index plummeted from 9000 to 5200, or -42%. But in the last 10 days, the index spiked up from 5200 to 6640, or +27%. When the index was 5200, my total loss amounted to 418k out of 900k+ investment. In 10 days, loss has come down to 50k, thanks to the person who bought more stocks on my account using available margin when the index was around 5500. My stock position hasn't gone up like 50% other stocks in the market have but I believe it's a sign of stability since it's been one of the top 10 traded stocks for some time. Anyway, this run of bullish market is very unusual and trouble might be knocking at the door. It might be a start of another period of market manipulation or some foreign funds might have invested here recently, I don't what the case actually is. Nevertheless, it's been a great week and millions of investors, including me, have their fingers crossed for the next.

Plus Minus

noreply@blogger.com (FFXD) — Tue, 08 Mar 2011 14:10:00 +0000

It has been a great few days, trading wise. My two usdchf forex trades has not reached my target of 0.97 yet but atleast, they are on a positive course so far. At this time, one of them is at +120 pips, and the other one, -60. I have not taken any new trade for the last few days and I'm not following the market either, whatever happens, I'll just let it happen.

The stock market has been great this week. Since Sunday, it went up by great extent which is quite unusual given how the market has been behaving for the last 3 months. But who knows, we might see a sharp fall tomorrow and/or the day after. Losses, that amounted to 407k on Wednesday and 283k on Thursday, came down to 159k today. Now I only wish to get out at break-even because this uptrend is only temporary, or atleast that's how I feel.

Waiting

noreply@blogger.com (FFXD) — Fri, 04 Mar 2011 13:35:00 +0000

-3.24%

My usdjpy trade was stopped out, right before it went to my favor. It was stopped out for -41 pips. But that's ok, my second usdchf pending trade triggered at 0.9210, right at the bottom. I guess I wasn't lucky once and lucky once. Currently, my 2 usdchf trades are at -75 pips and +105 pips and I have no plan on closing them before usdchf reaches 0.9700.

The stock market recovered some on Thursday but next week might not be good again. I'm already down by lots and to make things worse, my cousin asked me to sell 100 southeastb that I've been holding for her for around 50% loss. I advised her not to go for it a few months back but she did, and now, again when I advised her not to sell it, she again did. Anyway, it's not my money but I'll have to bear some loss of hers which btw is nothing compared to my personal loss.