3 Successful Trades: skills or luck?

The market has not been interesting lately and most stocks are trading lower today due to expected rate hike. As blogged earlier, I will be trying some trading here and there. In the month of September, I have made three trades and all within a two days period.  While these are profitable trades, it does not mean it will always be profitable. Nobody is perfect. I ever lost money via trading 1 year ago.

Among the 3 three trades, mm2 Asia was traded twice and today was the most successful. This is due to two reasons: 1) the market is quite negative today yet it earned itself a 3 percent gain, 2) it moved the most compared to the first mm2 trade, along with more lots being traded. Below image is self-explanatory. Though the earning is not fantastic like most traders, there is no wrong in profiting when the price is right.

 
There is a saying here : “You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.” – Larry Hite