A new begining?

After stopping for awhile, I returned to update my blog.

It is really a terrible experience for the past two years. it is the darkest part of my life, I believed. But now, I hope to put everything behind me and start a fresh. While my new job is nothing to shout about, but at least it is giving me a decent pay, and at the same time give me ample time to do my own trading at time without interferring my day time job.

This is important as I needed the cash inflow of my day time job to foot my bill.

At least now I have devised out a trading system and plan and I can see where I am going. Unlike the past 2 years whereby I tried almost everything to try and make money, but instead ended up all in red.

So far, I have achieved 7% for first month and 2.7% for second month. My target is to earn at least 2.5% per month, or about 30% per annum. It is very possible, and I just need to focus on this goal and not be distracted by other things.

One mistake I made previously was to jumped into too many positions and one move against me in that other position wiped out all my preofit of the month.

While this month I am in the red, but I am confident that things will turn around as it is tested in history of the price movement. Even if this time round I make a loss, I still have the 7% gain previously to cushion the loss. All in all, I just need to stay focus on this one goal, to make enough money from trading so that I need not rely on my full time job. I believe I can make it, as shown in the pass two months. It will take me about 5 years, but this is a time acceptable, given the fact that I still have a steady income from my full time job. And this is the key, a steady stram on cash inflow is very important.

As for this month, I should not add on to any more position. Now have to wait for the oil price to pullback and then to cover my shorts on the put position. As long as all the contracts expire worthless comes 20 Apr, I should be able to meet my goal for the month.

I look forward to the day when I can achieve financial freedom. I believe I can if I stay focus, and I wanted to make this a new begining for me.