Thursday, November 13, 2008

HSI Put Warrant Sold

Yesterday I purchased some put warrants on the HSI (code: 15499) at HK$0.161. This morning I sold them back at HK$0.191. Net of transaction costs, I made a return of around 16% on the transaction. Regrettably, the amount involved was very small and in absolute terms the profit was nothing to get excited about (enough for three or four decent dinners with Mrs traineeinvestor with some nice wine).

This was the fourth short term trade this year. So far I have three profitable trades and one loss making trade. The numbers are not meaningful and I have no real intention of putting more money into trading activities. I am content for trading to remain an occasional hobby.

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