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!
Saturday, 18 August 2018
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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