There are so many things that i want to do in life.
I contemplated for a long time whether i wanted to share this with you but i decided that i need to "torture" myself further.
With the advancement of technology, it is now much easier to place "OCO" orders on a good trading platform. OCO stands for "Order Cancel Order". It means that if one order is done, it will automatically cancel the other order. In other words, i can now key in my "target price" and my "cut loss" price once i enter a trade. It allows me to "fire and forget". I have not used this feature yet but am seriously contemplating do it for my next trade as i should be tapping technology to make my life easier so that i can go "fishing".
- Write a book on how to play IPOs (my first project)
- Invest my SRS fund
- Trade for a living
- Travel round the world.
- Teaching and sharing with people how to pursue for financial freedom
You know that i swing trade on a part time basis since i hold a full time job. My many hours of meetings during the day and frequent travels for work is really not conducive for trading. I have been sharing some of my trades with you on this blog in the past with the cut loss and target levels and i hope you learn something from them.
With the advancement of technology, it is now much easier to place "OCO" orders on a good trading platform. OCO stands for "Order Cancel Order". It means that if one order is done, it will automatically cancel the other order. In other words, i can now key in my "target price" and my "cut loss" price once i enter a trade. It allows me to "fire and forget". I have not used this feature yet but am seriously contemplating do it for my next trade as i should be tapping technology to make my life easier so that i can go "fishing".
Since April this year, i have started a $100k trading account with Saxo. In my view, it is an excellent platform that allows me to trade except that my brokers will not be pleased since less trades are routed through them. I have decided to share with you my journey on this Saxo account here so that overtime, it will be a place where i can come and dig back my memories.
The account started with $100,000 in April 1, 2013. As of today, it is around $104,967.60
This account is mainly for swing trading local stocks (and occasionally US stocks). I will feature the trades on this blog if i make any trade through this account and overtime, i will also share with you how the equity line moves up or down. The key to trading is to protect your downside while letting your upside run, so not all trades will pan out as what i hoped. I will not also not hesitate to cut loss if the situation warrants it. Capital preservation has been a key feature in my trading.
Anyway, till next time. Happy trading.
Note that i only swing trade this account when i am free. ^_^
