Sigh.
Took awhile to want to blog about this.
I've been gambling on the US Indexes too much.
I simply do not see any reason the US market should keep going up when everything around us is all bad news.
Only the unlimited QE seems to be driving the market up.
It is so kua zhang that the NASDAQ is back to near ATH.
Ridiculous.
I had wanted to stop this already.
Then it began with a loss of 1.2K.
After a week of wallowing, I got complacent again.
This time it got much worse, another 4K loss from in/out waste-time gambling.
Sigh.
I really need to stop this before I lose all my savings.
Saturday 30 May 2020
Monday 25 May 2020
Lost Too Much This Year Already
I've lost too much money this year already.
The turbulent and volatile markets caused by COVID-19 have decimated my stock portfolio.
At the same time my own speculative bets on the market indexes have all ended up with hefty losses.
I've probably lost about $30K this year already on speculative bets, and another $50K on my stock portfolio.
It really hurts.
But I do feel like things could have been a lot worse for me.
Anyway all this bleeding has to stop.
I've decided to take a trading break for the next full month.
Hopefully I can remain disciplined and not end up funding my trading accounts by credit card again to gamble.
It's time to shore up my finances once more, even if it means I don't invest much any more for the rest of the year.
The turbulent and volatile markets caused by COVID-19 have decimated my stock portfolio.
At the same time my own speculative bets on the market indexes have all ended up with hefty losses.
I've probably lost about $30K this year already on speculative bets, and another $50K on my stock portfolio.
It really hurts.
But I do feel like things could have been a lot worse for me.
Anyway all this bleeding has to stop.
I've decided to take a trading break for the next full month.
Hopefully I can remain disciplined and not end up funding my trading accounts by credit card again to gamble.
It's time to shore up my finances once more, even if it means I don't invest much any more for the rest of the year.
Thursday 7 May 2020
My Saxo P&L 2020 April
Wow what a terrible month April has been for me in trading.
With this >10K loss, I have surpassed the cumulative total I've lost ever since this tracking was done!
Horrendous!
No idea how to recover from this.
Just hope that the losses won't get worse than they are now.
With this >10K loss, I have surpassed the cumulative total I've lost ever since this tracking was done!
Horrendous!
No idea how to recover from this.
Just hope that the losses won't get worse than they are now.
2020 Dividend Accumulator April
So April is the month I'm hardly earning any dividends.
Will have to start from scratch all over again.
Projectively it doesn't look too difficult to reach the type of AUM I had prior to the big drop and market low of March 23rd, it might take me a year or so.
That said, the dividends have now slowed to a trickle and will likely be so for the months ahead.
There might be months which I'd get zero maybe?
02 April $41.84
03 April $22.03
08 April $190.57
20 April $3.39
Total Dividends for April: $257.83
Total Dividends for 2020: $2,732.88
Average per Month: $227,74
Will have to start from scratch all over again.
Projectively it doesn't look too difficult to reach the type of AUM I had prior to the big drop and market low of March 23rd, it might take me a year or so.
That said, the dividends have now slowed to a trickle and will likely be so for the months ahead.
There might be months which I'd get zero maybe?
02 April $41.84
03 April $22.03
08 April $190.57
20 April $3.39
Total Dividends for April: $257.83
Total Dividends for 2020: $2,732.88
Average per Month: $227,74
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