My trading statement in Sep 09

October 6, 2009 | By Keong Hee In Daily Post, My Trading Journal |

For the month of Sep’09, my return on this aggressive trading account was about 35%. To date, the USD10k account has been compounded for 6 consecutive months since Apr 09.

In this month, I tested the effectiveness of using a trailing stop to maximise how much I can benefit from the riding of strong trends when they happen. Over time, I will fine-tune the trend-following techniques I am using to maximise the gains in strong trends, and to minimise the losses when false alarms happen. Indeed, this is what the age-old axiom of trading is all about: “Let your profits ride; cut your losses short”. It has become a cliche in the trading community. I believe one of the reasons it has become such a cliche is that so few traders really practise it!

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