One single pathetic dividend payout.
Nothing much to crow about as usual.
04 November $15.00
So just when I thought things were turning around, I get slapped in the face by the market and by my own stupid trading indiscipline.
I ended up trading indices again and almost bursting my employee trade count restriction within the first week.
Plus losing 5.5K to boot.
How shitty is that?
December is looking promising but it is still early days so hopefully I don't do anything stupid now. Already 3.8K up!
If I can carry this on then I'll talk about what I did to turn things around next month.
Really haven't been working hard on this.
It is almost as though since March I've lost sight of this trading strategy.
Still I just try to record it to see where I end up this year.
October was a very bumper month because of two SG counters.
20 October $225.00
23 October $460.00
October was a very slight turnaround.
It is only the 3rd month of the year that I achieved green, sadly. And by a very slight amount somemore.
Not much to crow about considering you can see what came out of November :(
6mins+ to be exact.
Appeared on Nasdaq.com for an interview in conjunction with the Singapore Fintech Festival.
Catch the full interview here.
This is depressing.
I was trading indices in the midst of the US Elections.
A likely Biden win would push the market up.
A likely Trump win would push the market down.
I saw the initial vote count and sadly thought Trump might win.
Ended up shorting a hell lot of Index CFDs.
Final loss was around $8K.
:(
Gonna take a while to come back from this.
So Saxo Markets have now changed their logo once more.
What I really like about it is that this time around, it is more meaningful and more purposeful.
Also all employees were gifted a water bottle, chocolate and personalized letter about the new Saxo Foundation.
Yet more losses in September.
At least October is looking green.
Trying to aggressively reduce activity in this account to minimize anymore losses.
Almost every time I touch this account, I'd wander towards either the NASDAQ100 or the S&P500 and then it is downhill from there.
Hopefully things look up in Q4.
Yet another dry month again.
Things are really improving for me so long may this continue. Haven't really gotten back into dividend plays yet while the shoring of investment capital is still in progress.
10 September $4.30
14 September $13.35
17 September $9.00
28 September $24.17
Another bad downturn in trading luck.
This time around I didn't even want to blog about this immediately after it happened.
Then it happened again, and again over a few consecutive days.
Be it shorting the NASDAQ, S&P500 or TSLA. All dieded.
It basically cause my August loss to balloon to 4.7K.
Then in a mere few days of early September, something similar happened and I lost another approximately 4K. Thankfully a market recovery came in play a day or two later to recover some of my losses.
Still ended up losing about 1.2K in September so far.
Terrible.
Must.
Stop.
This.
This wanton waste of money.
Quite sad that things are taking a turn for the worse on the trading front.
I just cannot seem to shore up my loses.
Wasting money every month trying to fight against an irrational market.
Sigh.
Even the results for September are more or less set in stone.
Another dry month again.
This is the theme for now as I get my finances in order and shore up my savings once more after the March setback.
05 August $14.46
28 August $59.85
Don't look at the August numbers.
July was only the second green month for me.
At that's because I was on a trading hiatus because of all the losses I've suffered this year.
It is good respite, although I really should make more effort to keep the discipline of not getting itchy-fingered and placing gambling trades in check.
I have half a month left to recover from the August losses.
Let's see what happens to Gold miners in the coming two weeks.
Another month that has been relatively dry.
Right now the point is to shore up and reposition my portfolio to maximize potential in the coming macro environment while minimizing potential downside.
So dividends taking a backseat.
I have loaded up heavily on Gold, Gold miners and defensive stocks.
Hopefully this pays off as I pave the way to get back to a similar portfolio size as pre-COVID19 days. Expected to achieve this by year's end if things do not deviate too drastically.
17 July $22.12
27 July $115.07
In more ways than one, I feel very lucky in this unfortunate COVID-19 situation.
Family life has improved so much.
Health has improved so much.
Work is still going well even though we WFH a lot more now.
Kids are growing up so well.
Only the investment front is suffering although it will not be long before I get back to pre-COVID levels, which it its own way, is a good thing.
The recent Appendicitis surgery also put things in greater perspective as we dawn upon a tough situation the world currently sees itself in.
It was a very successful surgery. I am recovering very well. The insurance claims were seamless.
I was actually working that very Tuesday after the long weekend!
There is really so much to be thankful for and long may this bliss and prosperity in my life continue.
HUAT AH!!!
The world around us is changing. It is not the same as it was before. There is going to be a lot of pain in many industries and many countries as all of humanity grapple with this devastating epidemic.
The economic front of Singapore is also changing. We cannot rely on our past successes anymore. As Transport Minister Ong Ye Kung said recently, Our two ports, Sea Port and Airport are our two lungs. While the Sea Port is still functioning, it is not at its capacity it used to be. The airport is not functioning well. It is decimated. This impacts so many industries inherent downwards from tourism, hospitality, business and gig economy.
Many people are going to lose their jobs. Seriously.
Our populace has to adapt and reskill and retrain.
We also hope that our leaders can guide us in the right manner, out of this crisis, which could last between 12-24 more months.
While talk of a vaccine is rife now, it is still clear that things will never go back to normal.
Singapore cannot rely on domestic tourism to survive. We will have to pursue other strategies to stay ahead of the curve.
I hope we come out of all this in a position of even greater strength than ever before.
Bless us all.
