Accordia Golf Trust (AGT) III

It has paid off!

What a payout!

Global Logistic Properties (GLP)

Initiated a position recently.

This is a blue chip that's going through a down wave.

Pricing-wise is very enticing and IMHO rather irrational.

There are rumours that privatization could be on the cards, although the I personally see this as very unlikely. 

Full year results will be out on 19th May. It looks to be solid.

Hence once again unable to explain this sell down.

More to follow after results are out.

CasiNO

The casinos in Singapore have never been a good hunting ground for wealth. Particularly so in my case.

Must always remember that the odds are always in the house's favour.

I lost 1K in 2hrs of madness.

Sigh.

Back to the drawing board.

Accordia Golf Trust (AGT) II

This is one of the counters that I've been holding for the longest time.

In fact way back when, I wrote an article about how the investment came to be.

The fundamentals haven't changed much and I'm still holding on to it, expecting some good results to come in.

They have released a statement that results will be announced on 26th May. Hoping for good news!

Some people have also wondered about the impact of the recent Kyushu earthquake in Japan on AGT. To that end, the company has also announced the following statement here.

Skill Over Luck Vs Luck Over Skill

This article was actually about this year's Golden State Warriors and their 73-9 regular season run being more skill that luck.

Yet I feel as though on the trading front it is proving that all my trading is more luck than skill.

:(

View the Bloomberg article here.

The below illustration says it all...

Third Berserker Rage Of 2016

Just when I thought I could avoid another meltdown. 

It all happened so fast.

I just wanted to do a quick refund of my trading account, make a quick trade and withdraw the funds out.

Being under the influence of alcohol absolutely didn't help. In fact, it was probably the main cause.

The one trade I wanted to do became 20+ in and out trades of attempted quick money bets. Each small win was accompanied by a big loss.

By the end of the night, the final damage came up to almost SGD6,000.

FML.

Guess I still need a certain discipline in my life.

Cash Is King

I have a bad feeling about this current market, even though it seems to be going up relentlessly everyday.

Something bad seems to be about to happen,

I'm holding on to cash now.

Trade safe.

CAIA Toasted

I'm so done with you.

Maybe a tinge of regret that I never studied harder for it, but I'm done.

Covered Calls

The best invention since sliced bread!

Covered Call Options are simply buying an underlying stock while selling a Call Option at a high strike price.

You end up either earning the premium if the option is OTM (Out of The Money), or the option getting exercised and your stocks assigned at your desired strike price if the option is ITM (In The Money).

The only downsides are that there are not many brokers that have an extensive list of options to trade in. Cost is also a factor, since it eats at your returns. 

Most importantly, you will not participate in a large upside if the stock price soars, so good management and choice of option strike price are very important. So selling a call that is too long dated will also eat at any opportunity costs where your stocks are 'locked up' for the duration that you hold the option, particularly when the option is ATM (At The Money) or shallowly ITM such that it is not exercised. Then all you can do is wait.

But otherwise they are a great way to enhance your returns on a stock portfolio.

Freeport McMoran (FCX) III

This baby is flying! 

Too bad I think it is way overbought now.