So after I wrote that post.
Over that weekend, it was announced that the SEC had settled with Elon Musk.
Naturally when Monday opened, TSLA shares spiked.
I was lucky that I could get out with a slight profit, albeit losing the paper profit I carried over the weekend.
Oh well, tough luck, who would've thought they'd settle so quickly.
On to the next better trade idea!
Monday, 8 October 2018
Sunday, 30 September 2018
2018 Dividend Accumulator September
A normal month this month. My dividend portfolio is growing, so I expect more dividends to flow in!
13 September $21.74
24 September $19.10
28 September $44.00
Total Dividends for September: $84.84
Total Dividends for 2018: $1,038.95
Average per Month: $86.58
13 September $21.74
24 September $19.10
28 September $44.00
Total Dividends for September: $84.84
Total Dividends for 2018: $1,038.95
Average per Month: $86.58
Short Tesla (TSLA)
I went short TSLA a couple weeks ago at around $307.
I just cannot stand Elon Musk, it's CEO, and the fact that his charisma is probably the only reason this company with rotten fundamentals is worth this much in the stock market!
And then on Friday, the SEC probed Elon regarding his $420 tweet in August.
TSLA plummeted from around $310 to close around $264.
This morning, I'm reading news of a settlement having been reached.
Let's see how the market will react to this come Monday open.
Hopefully no significant spikes upwards :P
HUAT AH!!!
I just cannot stand Elon Musk, it's CEO, and the fact that his charisma is probably the only reason this company with rotten fundamentals is worth this much in the stock market!
And then on Friday, the SEC probed Elon regarding his $420 tweet in August.
TSLA plummeted from around $310 to close around $264.
This morning, I'm reading news of a settlement having been reached.
Let's see how the market will react to this come Monday open.
Hopefully no significant spikes upwards :P
HUAT AH!!!
Monday, 10 September 2018
Ezion Holdings (5ME) - I Just Can't Take It No More
Today I disposed of ALL my Ezion holdings holdings.
It was A LOT of shares.
Plus I disposed of them at the day's low in the morning open.
At 0.071.
That's a huge realized loss for me.
I had a really hard think over the weekend about my holdings and how long I wanted to keep them.
In the end, better to cut my losses and pour all the remaining proceeds into growing my passive income portfolio.
Read how it all began here.
Been taking in a lot of losses lately.
Have to stem the tide.
Have to remain optimistic.
Have to reverse the trend.
HUAT AH!!!
It was A LOT of shares.
Plus I disposed of them at the day's low in the morning open.
At 0.071.
That's a huge realized loss for me.
I had a really hard think over the weekend about my holdings and how long I wanted to keep them.
In the end, better to cut my losses and pour all the remaining proceeds into growing my passive income portfolio.
Read how it all began here.
Been taking in a lot of losses lately.
Have to stem the tide.
Have to remain optimistic.
Have to reverse the trend.
HUAT AH!!!
Thursday, 6 September 2018
First Berserker Rage Of 2018
Goodness.
I thought I wouldn't repeat this mistake ever.
I guess I was wrong.
I wanted to make a quick buck.
Funded $5,000 into my IG Market account.
It is such a gambling platform.
First trade, long GBPUSD, tried out 200,000 leveraged value trade. Hit my 15pip stop loss. Lost $400.
Second trade, short GBPUSD, maxed out 300,000 leveraged value trade. Hit my 20pip stop loss. Lost $600.
Third trade, short GBPUSD, maxed out 300,000 leveraged value trade. Hit my 20pip stop loss. Lost $600.
Withdrew funds of $3,400.
Total loss: $1,600.
In 2 hours.
Hate this FX shit.
Sigh.
I thought I wouldn't repeat this mistake ever.
I guess I was wrong.
I wanted to make a quick buck.
Funded $5,000 into my IG Market account.
It is such a gambling platform.
First trade, long GBPUSD, tried out 200,000 leveraged value trade. Hit my 15pip stop loss. Lost $400.
Second trade, short GBPUSD, maxed out 300,000 leveraged value trade. Hit my 20pip stop loss. Lost $600.
Third trade, short GBPUSD, maxed out 300,000 leveraged value trade. Hit my 20pip stop loss. Lost $600.
Withdrew funds of $3,400.
Total loss: $1,600.
In 2 hours.
Hate this FX shit.
Sigh.
Saturday, 1 September 2018
2018 Dividend Accumulator August
Bumper dividend payouts this month!
01 August $33.29
06 August $50.50
10 August $8.63
13 August $1.71
14 August $107.00
27 August $20.00
27 August $39.62
Total Dividends for August: $260.75
Total Dividends for 2018: $954.11
Average per Month: $79.51
01 August $33.29
06 August $50.50
10 August $8.63
13 August $1.71
14 August $107.00
27 August $20.00
27 August $39.62
Total Dividends for August: $260.75
Total Dividends for 2018: $954.11
Average per Month: $79.51
Saturday, 18 August 2018
Opened Position In Cryptocurrency Once More
Recently all cryptocurrencies have taken a huge beating. Bitcoin has dropped significantly from the giddy highs of $19K+ to the current $6K+.
I thought this was a good chance to get back into the cryptocurrency game.
I've always preferred Ethereum as an investment compared to Bitcoin.
So recently went in small into Ethereum Tracker ETF XBTE once more.
HUAT AH!
I thought this was a good chance to get back into the cryptocurrency game.
I've always preferred Ethereum as an investment compared to Bitcoin.
So recently went in small into Ethereum Tracker ETF XBTE once more.
HUAT AH!
Sunday, 5 August 2018
Long Facebook (FB) - Position Closed And Why 030818
So I blogged about taking a long position on FB just a few days ago.
You can read it here.
I also took a fairly large position using CFDs and that made the risk of holding the position very high. Firstly, on a 1:10 leverage, my losses would definitely exceed my base capital if FB continued to plummet. SEcondly, I was paying a very high cost of 3+%PA of CFD Financing. CFD Financing is the interest to be paid on the nominal value of the position when it is being held.
So I was holding a 500 FB share position with an average price of approximately USD$173. This meant that if I had to buy the actual stock, my investment commitment would have been $86,500. But using CFDs, I only needed a margin of $8,650 to open the position. CFD Financing worked out to about $10 per day, which is quite high.
As such, if I had, say, exactly $8,650 in my account (I'd be at 100% margin and Saxo risk management system would NEVER allow this without stopping me out), another 10% drop in FB stock price would simply wipe me out completely to $0.
Over the few days that I've held the stock, thankfully FB price went up. Eventually I closed it on Friday evening at a price of $178, earning about $5 X 500 = $2,500.
Not too shabby, but mainly to de-risk.
A good profit nonetheless!
HUAT AH!!!
You can read it here.
I also took a fairly large position using CFDs and that made the risk of holding the position very high. Firstly, on a 1:10 leverage, my losses would definitely exceed my base capital if FB continued to plummet. SEcondly, I was paying a very high cost of 3+%PA of CFD Financing. CFD Financing is the interest to be paid on the nominal value of the position when it is being held.
So I was holding a 500 FB share position with an average price of approximately USD$173. This meant that if I had to buy the actual stock, my investment commitment would have been $86,500. But using CFDs, I only needed a margin of $8,650 to open the position. CFD Financing worked out to about $10 per day, which is quite high.
As such, if I had, say, exactly $8,650 in my account (I'd be at 100% margin and Saxo risk management system would NEVER allow this without stopping me out), another 10% drop in FB stock price would simply wipe me out completely to $0.
Over the few days that I've held the stock, thankfully FB price went up. Eventually I closed it on Friday evening at a price of $178, earning about $5 X 500 = $2,500.
Not too shabby, but mainly to de-risk.
A good profit nonetheless!
HUAT AH!!!
Thursday, 2 August 2018
Ezion Holdings (5ME) - One For The Grandkids
Ezion is on a tear downwards ever since they were suspended to talk to their lenders.
Look at how bad their chart is.
Anyway I bought the following batches, and boy is it NOT working out or what.
April 2018 0.178
April 2018 0.169
May 2018 0.132
May 2018 0.123
June 2018 0.090
This works out to an average price of 0.1384.
Today Ezion Holdings is trading at 0.074.
Looks like I have to leave this for the grandkids liao.
:(
HUAT AH!!!
Look at how bad their chart is.
Anyway I bought the following batches, and boy is it NOT working out or what.
April 2018 0.178
April 2018 0.169
May 2018 0.132
May 2018 0.123
June 2018 0.090
This works out to an average price of 0.1384.
Today Ezion Holdings is trading at 0.074.
Looks like I have to leave this for the grandkids liao.
:(
HUAT AH!!!
Wednesday, 1 August 2018
2018 Dividend Accumulator July
11 July $8.19
13 July $76.47
Total Dividends for 2018: $693.36
Average per Month: $57.78
13 July $76.47
Total Dividends for 2018: $693.36
Average per Month: $57.78
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