Saxo Social Sharing Campaign

  Saxo is having a social sharing promo right now.

Just share from your platform and stand a chance to win really exciting prizes!

#SaxoSocial2023

Chinese New Year Celebrations In Office

  This year's CNY celebrations were pretty fun in the office. 

I got the Lion dance troupe to come round and bless my table too!

HUAT AH!!!

Thank You Chocolates From The Boss

 The boss gave all employees chocolates and a heartfelt message.

Many a times, I tell staff, friends and colleagues, that working for a great boss, is very often better than many other things we look for in the perfect job.

And for that I am very lucky and I count my blessings every day.

The end will come, but until then, I appreciate every moment. 

Did your boss do this?

PSNY

 As you would know, I hold a really large position of PSNY since IPO.

On Friday it hit a low of $3.71.

Like WTF man, I have lost more than half of my original investment in Polestar. 

Really BBQ liao haiz.

Hopefully it can survive this global banking crisis.

No Berserker Rages Since

 After five near consecutive weekends of berserker rages since the final day of 2022, I’m very glad to report of none since 13th Feb.

Been plying it small and derailing quite a bit although not entirely unscathed. There were a miss or two where I could’ve gotten in berserker rage trouble but thankfully I keep reminding myself of the trauma of getting carried away.

Hopefully no more for this year and a lot more savings instead.

Playing a little bit of low risk covered puts and calls as well.

Towards a more huat final 10 months of 2023.

Fourth Berserker Rage Of 2023 Continued

 Ok I’m so done with this.

So USDJPY bounced up in the morning and hit my stops at 131.92. 

To add insult to injury, it then dived down to the current 131.6+.

Total realized loss is 25K.

Haiz I’m so done.

75K loss since the last day of 2022.

I need to quit this useless trading!

Pui!

Fourth Berserker Rage Of 2023

Well we’re almost there as I’m carrying ad very heavy position into the weekend.

I need to be banned permanently for trading FX and CFD Indices for the rest of this year.

This time round a it was going well throughout the week until Friday when the new potential Bank Of Japan Governor was announced and it was a JPY-hawkish guy and USDJPY started to crash.

I thought it was a guaranteed strengthening of the Yen and it really looked that way as USDJPY plummeted from 131.80 all the way down through 131, then headed to 130.  And as I grew more confident, I loaded more and more Yen that I could possibly sell until I had a 1.5M position.

In fact I even sold a huge position at the near low of the day of 129.80, before things started to turn ugly.

Then suddenly USDJPY spiked upwards and surged past 130.50 and through 131! It turned out that this JPY-hawkish guy had to come out and say he would continue to remain dovish if elected as governor.

By evening as US stock markets opened, the USD further strengthened, taking USDJPY up to 131.50, near where it started the day.

Cui.

So now I’m sitting on a short 1.5M position in USDJPY at the weekend close of 131.48, on an $18K loss, with the potential to lose $27K because my stop is at 132.

I also don’t know what to do.

Hopefully Monday opens and JPY strengthens on the back of the market thinking that this hawkish guy was just blowing hot air. Else this time gonna BBQ le.

Will try to update.

I need to stop trading FX liao lah knn.

Third Berserker Rage Of 2023

 Help.

I need help. 

I’m sure an incessant gambler.

Last night I decided to gamble 5K on IG Markets platform, playing the NASDAQ 100.

Basically one thing led to another, I lost all that, and I FOMO funded another 5K to try and YOLO. And lost it all as well.

Then I YOLO funded yet another 5K and lost it all in 30mins.

In total I lost another 15K last night.

It’s just crazy.

IG Markets has this very dangerous function called Guaranteed Stops and if you use them, it basically frees up a lot of margin for you so that you can gamble a far, far larger position than you can afford, especially if your stop loss is place very near to the market like 20-30 pips/points.

I really do not recommend trading with them unless you are keen on losing all your money all the time.

Sigh.

I wonder how I can put a stop to all these berserkers.

It’s always the same each time. I’d lose a pile and then I’d blog about it, wallow in self pity for a few weeks, look through my net worth and money in all my bank accounts, and then a few weeks later repeat the same shit.

It’s so terrible.

So now since my Final Day Of 2022 rage loss, I’ve lost 50K. This was after a hopeful recovery of what I lost after the second rage but that hardly lasted a few days and then I lost all of that, and now even more.

Ouch. How am I to recover from all that?

Haiz.

Help.

Second Berserker Rage Of 2023

 Sigh.

In just as many days, I list another pile of dough.

Got screwed by the NASDAQ this time.

Lost SGD8K.

I can’t seem to stop this slide.

Now I’m in USDSGD long at 1.3124 with a SL at 1.2900 and a TP of 1.3450. 15 mini lots. 

Let’s see how this trade works out.

Perhaps I ought to start using this blog to journal my trades as and when I place them. This way I wouldn’t go crazy long short until I lose everything.

Haiz.

Imma try to huat this time.

HUAT AH!!!

First Berserker Rage Of 2023

 It’s here dammit.

Didn’t expect it to rear its ugly head so early on in the year.

USDJPY again!

I just cannot seem to ween myself of this draining gambling.

Lost 15K this time.

What a shit start to the year financially.

Hopefully my only one for the year.