Did my second speculative trade of the year for fun. This is after I notice there is still some upside for Keppel since last year low. By the way I am no fan of Oil and Gas or Ships. And no margins. Saw my profit went up to more than $800 before it came crashing down after the poor result announced. This hit me back to fundamental reality or am I ?Nevertheless I Chicken Out and close my positions with some Ang Pao money for the year.
The XIRR is 82% because I achieved $382 profits within the month – short period. If I am able to continuous perform of similar periods to full year, it would have been 82% returns of my investment. This would also mean keppel stock price will have to jump by similar amount from my entry position which is unlikely to happen.
Understanding another way, …Read the full article →