Sigh.
Really don't have the destiny to be rich.
I just keep losing money fast and furious.
So yesterday was in such similar fashion.
If I had chosen to busy myself with other things and done absolutely NOTHING, I wouldn't have lost all this money and I might even have made a tidy sum.
Anyway there were big moves in the equity markets the night before. US markets were down 3%. Last night as well it came down 3%. Then greedy me when to punt firstly on DBS.
Immediately shorted at the opening bell expecting a drop in the Singapore market but who would've thought, the market bucked the global trend and went up instead. Ended up closing my position.
Net loss SGD 1,000.
Then I went on the stupid IG Markets platform again to gamble all that I had in there on the S&P. Up down left right play what also lose what. My stops were just to close and I kept getting stopped out.
Net loss SGD 5,000.
I need to ban myself from trading at least till end of April.
Sigh.
Wednesday, 26 February 2020
Thursday, 6 February 2020
My Saxo P&L 2020 January
The red tide is continuing unabated!!!
All because I refuse to believe the market should be on an upward trajectory!
Biggest losses in January have been by TSLA and S&P.
Hit my first 4-digit profit of the year with Qantas though.
And Feb looks really bad too.
Almost 10K lose already this year.
All because I refuse to believe the market should be on an upward trajectory!
Biggest losses in January have been by TSLA and S&P.
Hit my first 4-digit profit of the year with Qantas though.
And Feb looks really bad too.
Almost 10K lose already this year.
2020 Dividend Accumulator January
A new year and a continuation of this post.
Hopefully the dividends continue to increase steadily.
The world is very volatile now with so much happening, yet the stock market is charging up with new all-time high over new all-time highs. So it is pretty hard to find good dividend value.
But lets see.
January has started out really well with a super bumper dividend month to kick the year off! One single month alone raking in 25% of last year's total dividend numbers?!
HUAT AH!!!
03 January $48.27
06 January $179.23
06 January $21.29
08 January $19.14
13 January $204.00
14 January $19.47
20 January $25.41
20 January $28.80
24 January $55.40
24 January $340.24
24 January $395.91
24 January $84.36
28 January $295.18
Total Dividends for January: $1,716.70
Total Dividends for 2020: $1,716.70
Average per Month: $143.06
Hopefully the dividends continue to increase steadily.
The world is very volatile now with so much happening, yet the stock market is charging up with new all-time high over new all-time highs. So it is pretty hard to find good dividend value.
But lets see.
January has started out really well with a super bumper dividend month to kick the year off! One single month alone raking in 25% of last year's total dividend numbers?!
HUAT AH!!!
03 January $48.27
06 January $179.23
06 January $21.29
08 January $19.14
13 January $204.00
14 January $19.47
20 January $25.41
20 January $28.80
24 January $55.40
24 January $340.24
24 January $395.91
24 January $84.36
28 January $295.18
Total Dividends for January: $1,716.70
Total Dividends for 2020: $1,716.70
Average per Month: $143.06
Sunday, 19 January 2020
IG Markets Guaranteed Stops - BEWARE!
I find that IG Markets' offering of Guaranteed Stops is just so, so dangerous.
So easy to lose money, and really easy to over-leverage.
With a deposit of about SGD4,000, on a normal Stop order, I can only trade about 1 standard lot, whereas with a Guaranteed Stop, I could trade 13! This means that my entire 4K is placed as potential to be lost!
Trade safe people, don't be easily fooled by greed, which IG helps aid you in feeling.
It is far easier to get stopped out when your stop is too close to the market!
See the margin sizes when I toggle between Normal stop and Guaranteed stop!
WOW.
Gamblers unfortunately get easily addicted to these products.
SO BEWARE!
So easy to lose money, and really easy to over-leverage.
With a deposit of about SGD4,000, on a normal Stop order, I can only trade about 1 standard lot, whereas with a Guaranteed Stop, I could trade 13! This means that my entire 4K is placed as potential to be lost!
Trade safe people, don't be easily fooled by greed, which IG helps aid you in feeling.
It is far easier to get stopped out when your stop is too close to the market!
See the margin sizes when I toggle between Normal stop and Guaranteed stop!
WOW.
Gamblers unfortunately get easily addicted to these products.
SO BEWARE!
First & Second Berserker Rages of 2020
Another year, another financial blunder.
My first and second berserker rages of 2020 came within a week of each other.
All blamed on the this irrational market.
I feel so stupid and yet knew I could've avoided things had I been a little smarter about it.
The first was due to the airstrike that killed a top Iranian commander. The world knew Iran was going to retaliate and when it did, I think everyone just simply shorted the markets heavily and so did I. However as the bombs fell, the world irrationally decided that the tensions were going to ease soon after and it began to rise. It rose back to pre-tensions level and then continue to break new highs! From there I just basically died and got stopped out.
Lost SGD 6,000.
The second was stupidly because of IG Markets' trading platform. By placing a guaranteed stop, I could engage in much heavier sizes to trade on. And with that I went crazy short on Tesla, on AUDUSD, and S&P. Once again all were correlated and went on irrational rises against markets' expectations. Again got stopped out and lost a ton of bricks. Dammit!
Lost SGD 6,800.
Are things going to get better for me?
I dunno.
By the turn of the lunar new year, my year should be a little better hopefully.
Let's see.
Until then, I have imposed a trading ban on myself till end of the month.
Pui!
My first and second berserker rages of 2020 came within a week of each other.
All blamed on the this irrational market.
I feel so stupid and yet knew I could've avoided things had I been a little smarter about it.
The first was due to the airstrike that killed a top Iranian commander. The world knew Iran was going to retaliate and when it did, I think everyone just simply shorted the markets heavily and so did I. However as the bombs fell, the world irrationally decided that the tensions were going to ease soon after and it began to rise. It rose back to pre-tensions level and then continue to break new highs! From there I just basically died and got stopped out.
Lost SGD 6,000.
The second was stupidly because of IG Markets' trading platform. By placing a guaranteed stop, I could engage in much heavier sizes to trade on. And with that I went crazy short on Tesla, on AUDUSD, and S&P. Once again all were correlated and went on irrational rises against markets' expectations. Again got stopped out and lost a ton of bricks. Dammit!
Lost SGD 6,800.
Are things going to get better for me?
I dunno.
By the turn of the lunar new year, my year should be a little better hopefully.
Let's see.
Until then, I have imposed a trading ban on myself till end of the month.
Pui!
Sunday, 5 January 2020
Ideas For Businesses I Could Do without Quitting My Dayjob
Found here.
1. Tester or Reviewer
2. Online Seller on Carousell
3. Editorial Services
4. Translator
5. E-commerce Store
6. Survey Taking
1. Tester or Reviewer
2. Online Seller on Carousell
3. Editorial Services
4. Translator
5. E-commerce Store
6. Survey Taking
Friendly Investment Advice For 2020
After I posted this, look at the amount of negative news that came out.
- Floods in Jakarta
- Fires in Australia
- Assassination of an Iranian top army general by US
Let's see what 2020 brings on the macro front.
Hope I can huat big big!
- Floods in Jakarta
- Fires in Australia
- Assassination of an Iranian top army general by US
Let's see what 2020 brings on the macro front.
Hope I can huat big big!
Thursday, 2 January 2020
Financial Resolutions For 2020
Was writing my resolutions for 2020 last night and two of them are financially related.
1) Earn >SGD10K On My Saxo Investment Account
I need to have a better and more systematic strategy in place if I am to achieve this in 2020. No more gambling!
2) Achieve Passive Income Of At Least $700/mth
This can be done as long the world economy and the stock markets do not get too volatile.
Let's see if I can achieve them!
There was even a sixth resolution which I decided to omit in the end since I could only list the top five anyway. It was exactly financially related but it was to Do One Thing Significant With My Life. The more I've been reading up about my feng shui this year, the more I think this is the year I need to take a big step in the business direction to make myself huat to the next level!
But what is this big step that won;t be too risky for me to give up everything?!
It is time to start strategizing! I only have 364 days of huat-ness remaining!
1) Earn >SGD10K On My Saxo Investment Account
I need to have a better and more systematic strategy in place if I am to achieve this in 2020. No more gambling!
2) Achieve Passive Income Of At Least $700/mth
This can be done as long the world economy and the stock markets do not get too volatile.
Let's see if I can achieve them!
There was even a sixth resolution which I decided to omit in the end since I could only list the top five anyway. It was exactly financially related but it was to Do One Thing Significant With My Life. The more I've been reading up about my feng shui this year, the more I think this is the year I need to take a big step in the business direction to make myself huat to the next level!
But what is this big step that won;t be too risky for me to give up everything?!
It is time to start strategizing! I only have 364 days of huat-ness remaining!
Tuesday, 31 December 2019
My Saxo P&L 2019
Sadly, this year's performance is in stark contrast to last year's performance.
Have achieved losses of approximately SGD13.4K this year.
You can also see my 2018, 2017 and 2016 performance on this account.
My most profitable products were GBPUSD, GBPUSD Options and USDJPY.
My least profitable products were HSI CFDs, Tesla CFDs and S&P500 Index CFDs.
It's been tough when the US stock market is near all-time highs while my investing and trading portfolio is so red.
Hopefully I can buck this trend in 2020 and much much more money instead.
Have achieved losses of approximately SGD13.4K this year.
You can also see my 2018, 2017 and 2016 performance on this account.
My most profitable products were GBPUSD, GBPUSD Options and USDJPY.
My least profitable products were HSI CFDs, Tesla CFDs and S&P500 Index CFDs.
It's been tough when the US stock market is near all-time highs while my investing and trading portfolio is so red.
Hopefully I can buck this trend in 2020 and much much more money instead.
My Saxo P&L 2019 December
December has been a continuation of November's red mess.
In fact I stopped by the second half of this month so that I won't lose even more money.
Nothing much left to say.
Just look at that red downslope on the right.
Here's to a greener 2020 for this account.
In fact I stopped by the second half of this month so that I won't lose even more money.
Nothing much left to say.
Just look at that red downslope on the right.
Here's to a greener 2020 for this account.
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