Yeah, so I got my predictions from here way wrong.
Yes, Britain has spoken. And they want to leave the European Union. I was tuned in to CNN and Bloomberg all the way this morning and here’s some learning points I made as a reminder to myself.
1. Overconfidence
I was so confident of Bremain that if Betfair was available in Singapore, I was likely to have dumped $5k or even $10k at odds of 1.3 a few days/weeks ago. So much for being part of the “smart” money.
And today, after Brexit lost the early morning gains at around 10am, I attempted an intraday trade, buying 1,000 shares of OCBC@8.52, anticipating a few hundred bucks of gain by the afternoon.
And boy was I wrong. By the time the votes were 2/3 in, I had cut my loss @8.30, realising a loss of two hundred bucks.
Once ......