Author: Athena Trader

Believe in yourself

I recently took profit on 2 stocks which I invested in 2 years ago. The reason was because only now are they in the black therefore I quickly cut off ties! I still have a few investments from 2 years back which are still in the red despite dividends so it is frustrating and also shows that I definitely didn’t buy at the right time.   One of them was CDL which showed a spectacular run which I’ve no idea why and don’t care why as it has been two long years with no dividends I think. However despite...

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Never say never

I’ve learnt to not say never because it seems the more I say never I end up doing it or it ends up happening. It’s like the law of attraction…of sorts…the more certain you are about a certain thing..you attract it to you and ta da before you know it, it has occurred! I saw some dips in REITS which I sold off and now it’s at a price level which seems more palatable so I bought some lots two days ago and will look to buy more if the price is right. For the rest of my current...

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Reflections and Resolutions

I sold off some of my investments in REITS once they broke even a few months ago and am still on the lookout to sell off more but it is really far from its cost price and with the pittance of dividends, I don’t know when I can see the light at the end of the tunnel. Recently their prices have dropped so it was a good move to sell them earlier on.   On the other hand, my trading has improved in the last few months and I’m booking higher profits with no losing trades so that’s great...

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Christmas is coming

I absolutely love Christmas and would love to spend every Christmas and New Year in a different country, to soak in the lights, the atmosphere and the general happiness of it all. That has yet to happen so it’s definitely on my bucket list! Last year around this time, I received the best gift of my life and since then Christmas takes on a different meaning for me.   The only awful part of December is the fact that it rains more often than usual which means our dog don’t get to walk out much and too much rain...

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A year later

It has been a year since I started trading as I took a break on and off for a few months here and there due to personal circumstances and it is only in the past few weeks that I have managed to successfully know and close my positions before the trend reverses. Previously, I just hope and hold on which reduces profits and also destroys my self esteem as I start to question whether I can only short but can’t long successfully. I was tempted to reverse my trade twice but didn’t and I was spot on both times!...

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Brexit

I’m surprised that Brexit happened… I thought like most other people that they wouldn’t have the guts to exit the EU. But then again, you gotta admit that Brexit sounds a whole lot sexier, trendy and catchy than Bremain which sounds like spoilt bread. I think the ordinary Brits have spoken as they are probably displeased with the way their country has become. I read with interest and horror from a recent article in Cosmo UK that hutching is how young people are surviving the ridiculous rents in central London. I think immigration is also a hot button issue...

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Reflections

Recently I managed to get a part time cleaner to come once a fortnight and as I watched her clean I realized that I can never be as efficient and effective as her. It doesn’t help that my attempts at cleaning have not been successful as evidenced by the awful water marks on the bathroom glass door or the floor is never as sparkling as hers even 2 days after she has done the cleaning!   Of course she’s more experienced than me and I did pick up some tips from her which she kindly told me as well...

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10 Things I wish I knew before I started Trading

1. Paper trade successfully for a period of time (at least a few months) before diving in. Start by keeping your trades small because your focus is to get it right rather than make it big. By starting small, your stress levels are reduced and you can make better decisions. Be prepared to stop live trading for a while if your small live trades go bad and after closing your open positions, you need time to research and look through your trade diary/notes or make new notes to find out where you went wrong. The key is to observe,...

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Thoughts on Lunar New Year

For some people like ACCICB, the new year only begins after Lunar New Year. For me, I prefer 1st January but whichever approach you take doesn’t matter as long as it signifies a fresh start for you. Much like in investing or trading, there are many ways to be successful and what works for you may not work for others. It’s good to read about what others do for reference but to try to emulate them may not necessarily be the best way to go about doing things. Multiple factors are at play when we invest or trade and...

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Losing 10% of your net worth

No, that person wasn’t me! ACCICB told me he heard of somebody who lost that much last year in the stock market. Regardless of how much the person’s net worth was, 10% is a huge amount to lose in a year! I was asked to guess the dollar value of the person’s loss and even after 10 guesses, I still didn’t hit the magic number!   Let’s just say that it is impossible for most people to have that kind of money in a lifetime and the amount lost can feed 10 families comfortably throughout their existence on earth....

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Onward to 2016

I don’t blog much these days but December has always been an interesting month for me as I love X’mas save for the rain in Singapore. I’m usually in a good mood due to the festivity especially if I’m overseas soaking in the X’mas lights, enjoying the good food and happily shopping in the cold. I reflect on how I have spent the year and hope that next year would be better. Because no matter how good this year has been, you always want the next year to be better and that’s human nature I guess. 2015 has been...

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Positive or Realistic Advice

I wish Doctors will give positive and realistic advice…if not I rather get the realistic than the positive advice. At least that way I get to prepare myself mentally for what may happen. But I guess Doctors can’t do that when they have never gone though the procedure themselves or gotten sick that way before. It’s very much like trading and investing if you think about it. For a small time retail trader and investor, we have different resources and pain threshold so when we talk to the professionals, we think that they can give us positive and realistic...

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Performance review of past stocks analysis

I’ve not blogged for a while because I’ve been busy with other stuff and nothing came to mind and since this is not a job, I don’t see why I’ve to push out articles for the sake of it. The year is coming to a close so I thought of reviewing how the stocks that I blogged about performed thus far and for simplicity, I’ll just take the stock’s closing price on the day that I wrote about them (as close as possible) and last Friday’s price.                     Then  ...

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Calling out for Trikomsel bondholders

If you have read the news lately, you would have heard of Trikomsel restructuring their bonds and this post is to spread the word that they are looking for their fellow bondholders to contact them at trikomselbonds@yahoo.com as strength is in numbers for a case like this.   The bondholders are likely to be accredited investors such as private banking clients with the banks in Singapore or maybe fund houses or institutions etc thus it came as quite a shock initially as this is the first time in 6 years that a SGD denominated bond is seeking a restructure...

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Aspire to Inspire

I’ve been fiddling with my investment portfolio recently which saw me selling off some of my SG holdings. Some dough has been placed into SSB and we decided to give the Perennial Real Estate Holdings retail bond a miss since we have some exposure to them. I’m trying to figure out whether I can shorten my trading timeframe from a few days to just a day and maybe even intra-day which I target to do in a few years time.   I’ve also been testing out my new trading strategy and so far the picks have been right such...

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