Freeport McMoran (FCX)

While doing my regular treasure trove stock hunting, I chanced upon several articles which made me decide very quickly that I wanted in on this stock.

Here are several articles you can read for inspiration. Not a recommendation to buy!!! Below is also a printscreen for Seeking Alpha, one of the best apps out there IMHO.

Initiated a position @ 4.70

A brief look at its historical monthly chart via Saxo's latest SaxotraderGO mobile platform shows that just a few years ago the stock was as high as $60!

I believe FCX has turned the corner and all the bad news is priced in. There may be a bumpy ride ahead, but do a Google search and read up properly to get a better idea of what this company does and what are all the risks it currently faces.

Hopefully we can see those levels again soon! Then it would turn out to be a 10-bagger for me!

Huat ah!

First Berserker Rage Of 2016

I did it again!

Dammit!

The news of BOJ announcing that they were going into negative interest rate (NIRP) territory started it all.

From a spike stop out (I was short USDJPY), it all spiraled into madness as I went in and out, in and out, with very tight stops and larger and larger wagers, all in the vain hope of chasing small gains.

A classic FX trader's mistake, failure to control emotions.

The losses kept piling up. Hundreds upon hundreds into the thousands.

By the end of the night I was staring at a total loss of SGD10,024.

This really hurts man. 

I thought it wouldn't happen to me again.

Now to pick up the pieces. 

And stop any trading for awhile (or ever), so that I can consolidate my finances.

CAIA Musings

A result is statistically significant if it is unlikely to have occurred merely by chance.

Meditation

Today I attended yet another training course, this time by a pretty known trainer named Marion Neubronner.

This one was to senior executives who want training more on psychology andself-awareness in order to manage better.

Did you know that all the most successful people in the world meditate?

Well I had my first dose of it today and I must say, I somewhat liked it :) 

Some key concepts also included:

> Mindfulness ~ Self-awareness 

> Attention -> Meta-attention

> Journaling

Oil @ $27

Just when I said it was too cheap to ignore.

I'm still holding my positions since entering and accumulating bit by bit at $34 and below.

I have the capacity to hold out until $10.

Let's see how low oil is willing to go?

Personal Financial Review 2015 - Consolidation

2015 has been a year of consolidation.

2016 will be another year of consolidation but the worst is definitely over.

As part of 2016 resolutions, the aim is for 6 months worth of cold hard cash AND $500/mth in passive income.

This means 2016 Dividend Accumulator is coming back!

Hopefully this can be achieved, particularly for the dividends, where I've gone through 2 consecutive years of failure.