The 10% Entrepreneur

Thinking of some extra way to prepare myself for retirement.

#找后路

#weekendfarmer

Am I Worrying Too Much?

I'm worrying a lot lately.

Maybe far more than necessary.

I worry for my kids' futures.

I worry for my own future.

I worry for Singapore's future.

I worry for the world's future.

What type of world will my kids find themselves in in 20 years time?

How long more will I survive in this company?

How long more can this company's business model survive?

How will my poor health slow me down?

How is Singapore going to remain prosperous for the next 50 years?

What is becoming of the world?

I have no answers, only worries.

Sad.

April Performance Update

Can't seem to get out of the red zone.

May doesn't look very good either.

Will I be able to break the duck and go green by the end of this month?

Hopefully so.

Dutech International AGM 2017

Attended their AGM last week.

This is a good company maybe previously still suffering from the tainted lenses of an S-chip due to it being headquartered in Shanghai.

It has grown from humble beginnings to what it currently is, a mini conglomerate with operations all over the world.

It is being led by Dr Johnny Liu, second from left on the table. His brother, Liu Bin is first from the left.

10 straight years of growth, with hopefully much more to come under his stewardship.

Hopefully I will see even more gains on this counter.

Valeant Pharmaceuticals International (VRX)

Initiated a position on this US counter recently, at the $11+ region.

And it has been heading south eversince :(

Read a detailed history of this company here.

I have since averaged down, believing that at some point this counter will turnaround.

There have been alot of articles advocating a very bearish stance, but let us see.

You can read so of them here, here and here.

Hopefully they all end up wrong and I'm right! HAHAHA

Right now its last close was at $8.51.

Look at the chart over the last few years! Scary!

Second Berserker Rage Of 2017

Sigh.

It is difficult writing this. After the first time, I actually thought I had a better hold of my own emotions and discipline. Alas I was wrong.

This stupid rage came in two parts. The first was a stupid trade in Noble Group, the embattled commodities trader. After dropping in price for 3 straight days, I just decided to enter at a lower price out of sentiment (I have made quite alot of money from this stock previously) and who knew my price would get hit as it came crashing down spectacularly after being hit by more bad news. Total loss: SGD1,500.

Then at night, I get into this crazy FX in-out frenzy on USDJPY. Not the first time, but stupidly irrational. Total loss: SGD3,500.

In all I lost SGD5,000.

:(

Is War Upon Us?

North Korea is saber rattling again.

And this time, the US seems to want to do something about it.

It is sending an entire aircraft carrier group to the South China Sea as we speak.

Tensions are running high, with China, South Korea and Japan all trying to deliver measured responses to both sides.

Let's see what's gonna happen next.

Probably nothing.

March Performance Update

Yet another red month.

This is not going well at all.

Need to do something about this.

Thought I know not what.

Maybe I should take a one month no-trade break.

Afterall I've received a warning for exceeding my allocated number of trades (75) for both Jan and Feb and look at the outcome.

Saxo Trade Signals By AutoChartist

Saxo Bank has just released this new fantastic tool.

Now even Technical Analysis (TA) can be completely outsourced to AI!

How amazing!

Go check it out!

Cash Is King

The healthcare bill has failed.

Trump policy is failing.

The stock markets are at euphoric highs.

No one can predict if the market will still chug up slowly and defiantly.

Best to hold cash.

Wonder how many times I've been this cautious?