Lesson learn : Primary aim is not to lose $$, Winning $$ is a bonus.

Every trade is a calculated risk entry.

Most people lose $$, your primary aim is not to lose $$, Winning $$ is a bonus.

There are 3 fears trader have:

1) Fear of losing - As long you set your cut loss point, you have nothing to fear.
2) Fear of losing Profit - At most don't win anything. Winning is just a bonus.
3) Fear of Winning not enough - Do not be greedy.

Lesson Learn : Have patience with Winners and impatience with Losers

You can't win all the times, infact you will lose alot of times. Always cut loss losers quickly and let winner runs. Bought Swiber at 1.07 some times back because it breaks 1.07 but it can't seems to cheong and range from 1.05-1.07, so decided to cut at 1.06 at due date. Although it is lose 100+, it keeps your mind off thinking about this loser when trading. Healthy Mental health and morale is very important. True enough, next day it went to 1.03.

Bought SoundGlobal at 0.79 because it breaks 0.78. Sold 0.820 the next morning. By the next day, it went 0.845. Gap fill thoery target is at 0.85. I should have hold winners longer because I already have buffer. The worst case scenario is don't win anything.

"Have patience with Winners and impatience with Losers"

Lesson learn : Capital gain over Dividend

2 Days back before Kepcorp XD it was at 9.4+. It was giving dividend of 0.16 cent per lot. The effective gap down should be 9.40 - 0.16 = 9.24. Yesterday after it XD, it ended 9.12.

Alway take capital gain over dividend paid out. Do not be greedy, infact 2 days before XD should have taken profit.

Bought $9.02 and sold $9.38. Never sold at 9.4+ is a regret. I have set myself a profit protection at 9.40. When $9.40 breaks, its a sell signal.