2007 Review and Strategy for 2008

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