After reviewing those trades made in 2007, I have made the following observations:
- several contra losses due to lack of fund arising from over-trading.
- averaging down at narrow gap without significant lower average cost.
Change of strategy:
- Enforce discipline of 2% risk limit per counter and 6% risk limit per 6% drop in STI index. This will help to prevent overtrading.
- Harder to do contra trade for counters that are more than $3 due to change in bids. Will focus more on counters that are less than $3
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Here’s what to expect for the T-bill auction on 27 Feb
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What happened? Despite the fall in T-bill yields, many investors still seem
to be watching the upcoming auction closely. After all, some may be hoping
th...
3 hours ago
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