Very angry with myself this mth. Cos of my emotional trading.

Entered Seatrium at 0.92, was able to exit at 0.095. Greedy me wanted more and hoped for 0.098. End up reversed and plunged until I no eye see. Had to accept a loss of 0.012.

2nd trade was an entry at 0.080, thinking it will go up. Went down to 0.078 1 day in and panicky me hastily sell cos I was scared POEMS will chase me for outstanding negative balance.

Next day shot up to 0.083. Had I waited one more day (which was technically allowed), I would have exited with a profit. 

So because of my emotional decision... I threw out more than 1.2k into the sea... That's:

• Excluding my other loss making trades which I find reasonable;
• Excluding the brokerage fees.

Not to mention the amount of stress I am taking, on top of my work. Really bad month for me. And I hope I learnt a real good lesson from these mishaps.

I cashed out UMS not to throw them away into Seatrium damnit.

Anyways, need to pen down some learning points, so that my losses don't go in vain:

• Seatrium, for March, is a keep shorting stock. Buy-sell only for intra-day trade when there is heavy buy-up vol.
• there is possibly no chance of me hitting the low and the high. if high is 0.081 and low is 0.079, no need to play. if my holding is inside, either bet on the next day's trade. high chance would be a sell-down scenario.
• If shortist appear in the morning, most likely they will appear in the afternoon. average 2-3 times a day. ride to catch the 2nd wave.
• the spread is getting tighter as traders start to get cautious.. waiting for the BB vs Shortists to lead the trend for the day. if Shortist appear on day 1, they will likely appear on day 2. But never bet shortists more than 2 days.
• any volumes within 100k - retail. if orders suddenly in the millions, means BB or shortists are at work. see which side is heavier, follow.
• now 1 pip also make a lot of difference. i put too many eggs in 1 basket. more often than not, my whole basket suffered and i could not spare funds to capture any remaining opportunity.
• April strategy:
• opened a margin acct, gonna load some cash inside to try. for leaning purposes, gonna try small amt (10k each trade).
• will try loading / offloading at different levels. beginner target - 1 pip profit. focus not on how much i earn, but how many trades I win.

Update #28:

Warchest: 10812.20

Dividends received YTD: 432.90