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.