March was a really poor month for me yet again.
The early month gambling on indices basically got me into a hole I couldn't get out of.
That said, the rest of the month turned out rather OK IMHO.
I'm trying to be more disciplined not and follow my subscription sifu's trades.
Hopefully that pays off much better in the longer term.
To a good April!
HUAT AH
Will be getting a little bit of a windfall this April end.
Have been deliberating about how I should invest it wisely, so that I won't end up squandering it all, as I have done many a times in my last almost 20 years working career :'(
I could jolly well leave it all in a Fixed Deposit.
I could max it out in either the OCBC 365 or UOB One accounts which pay around 1.2% p.a.
I could put it all in a 3% p.a. yielding Bond.
I could YOLO it all into Bitcoin or Tesla.
I could buy a few REITs that pay me 5-6% p.a. in yield.
Already have a rough idea of what I will do, but since it is still about 4 weeks away, I can still have a deeper think into what I'd do.
Hopefully I will keep a hold of it wisely.
Yeah I know we are at the tailend of March.
Still, this has a good indication of where I'm killing myself a lot.
My index trading has made it to BOTH gainers and losers again. It shows how volatile trading on CFD Indexes really is. Hopefully the last few weeks has shown that I am capable of stopping this really bad gambling habit.
All other gainers and lowers have remained in similar values. I doubt I will deliberately trade them to change those values (because I could easily just do that with the CFD indexes :P)
Well hopefully the losers will stay this way OR improve, while the gainers will continue to climb higher and higher.
February was a good month for me.
I managed to claw a little bit of green back.
That said, it was still very speculative in nature and very luck-based.
I really have to stop all this speculative bullshit because I am only losing money because of this.
Take a look at March numbers.
Booooooooooooo!
And just like that, I lost my self discipline yet again!
Again on my IG Markets account!
Again on KO Options!
Again on Indices (NASDAQ100)!
Just decided to take a punt and ended up losing $2,750 on four trade.
In out, long short, buy sell, all die.
Geez!
So frustrating!
This is a new segment which I hope to do monthly.
Basically would like to chart the top gainers and losers trades for the year.
January (and a little of February) has brought in some good gainers to offset my losers.
On the gainers front, the PayPal trade has recently paid off handsomely. Early January also managed to clock the First Resources trade to make some good money. The NASDAQ index gamble is quite a fluctuating one, so this might drop in and out of the list throughout the year.
On the losers front, they traditionally get dominated by the indices trades which waste a lot of my money. Obviously the Dow30 is one standout that's losing my tons of money in January. Made one stupid trade on DBS in late January as well which wasted my money basically, within a few days. And of course the worst trade was the big market event of the year so far, the $GME and $AMC event where GameStop stocks went crazy because of the Reddit sub called WallStreetBets. What a saga that was, and how I managed to turn a big win at the first instance, into such a big loss.
Here's hoping I don't clock any bigger losers, and instead clock larger and larger winners!
So it is a new year and I immediately dig a really deep hole for myself.
In January not only did I clock my first berserker rage of the year, which was really stupid, but also found myself about 3K down in my Saxo investment account.
Most of it due to unnecessary and over-trading of indices.
Again.
Sigh.
Hopefully Feb will be better.
Sigh.
I really cannot get rid of this lack of self control.
Again.
Year upon year it always ends the same.
Played with KO Options on NASDAQ and really got KO-ed.
Damn you IG Markets! Why are you even offering it to gamblers!
Ended up losing 8K.
This is super painful.
:(
Another year where I'd added a financial resolution out of my annual five.
This year is down from the two I had last year.
3) Earn >$30K In My Saxo Account
Mentally I already have had this target since the turn of the year. It can be seen as 'revenge' for my huge losses of last year. But really more importantly what has changed, I think, is a strengthened resolve later last year to change the way I trade. This I have adapted or am still adapting, but to rather positive results. This bodes well for this resolution, so let's see if it all pans out.
One prospective other goal I have for 2021 is to achieve more than 300K in total liquid assets by the end of the year.
Let's see if I can achieve it!
So far it is 8 days into 2021 and things do not bode well. I have been wasting money on the US Indices again as well as one stint of shorting TSLA (will I ever stop disbelieving in them?!), and am already down 4.9K for the year.
Hopefully things improve from this day forward!
