Author: Athena Trader

Decisions, decisions, decisions

One day I decided that I should start applying myself seriously and give TA a shot. I think I was tired of hearing ACCICB tell me how only TA matters and FA is just plain useless in trading. I wanted to figure out for myself which way is the best way everyday in every market. Plus I figured this would help me make better decisions without going through him and I was curious how good or bad I can be at TA. I started by learning about candlesticks as it seemed pretty important and I believed that it would...

Read More

How should you respond to market rumors?

It is quite often that ACCICB and I have the same stock in our books. Recently one of them was subjected to a takeover rumour which caused the price to skyrocket once market opened. As the news broke after market closed, I placed an order to sell my lot before market opened the next day and boy did it open strong!   I was chided by ACCICB as to why I made such a rushed decision aka I should wait and see whether rumor is true or at least later so that maybe prices will go much higher etc....

Read More

eToro

ACCICB told me about eToro and I went to check it out as I was curious about it. eToro is a social network of sorts whereby you can copy traders/investors trades. It’s like Seeking Alpha where crowd sourced is seen as being more accurate than individual analysis except that in eToro you get to make money if the traders/investors you follow are correct. I suspect that the traders/investors being followed are earning more $$$ from having their trades copied than the actual trading itself! There have been some unhappiness in the past about eToro’s fees and the way they...

Read More

Learning to short the market

I remembered the day when ACCICB told me that the time has come to learn how to short the market. I was like Woah exciting times that we live in indeed. He calls it being able to play both sides of the coin and was telling me how the charges are more expensive and has also updated his spreadsheet to include that function. I was rather chilled when he told me about it as I foresaw that this would be just one more step in his journey from investor to trader. He compares it to jumping off the cliff...

Read More

Million Dollar Traders vs Full Time (FT) Retail Traders

A long time ago, I wrote about about Million Dollar Traders which I chanced upon on YouTube. It was rather interesting and a reader wrote in to ask for a review. I thought of going one step further and share what a FT retail trader does as well. I figured that a comparison is more fun than writing about a day in the life of a FT retail trader. In Million Dollar Traders, a bunch of normal people learnt the ropes from an ex City trader and they start their day by reading the news to gather ideas for the trades...

Read More

Valuing everything but Changing nothing

One of my teachers said the title of this blog post in one of the classes and it has stuck with me ever since. I find it very relevant given my current situation where I am basically valuing every company and I hope to God I’m not changing nothing, because Mr Market is constantly evolving so I’m also refining my ways with the passing of time. Which is funny since I’m self taught and my ways are different from ACCICB and yes we do argue about our ways but since he’s still not 100% right each time, I prefer...

Read More

Investment Theme: The Land Element

Recently, there has been some talk that the government could be easing off the property measures that were put in place to cool the market and that has seem to make the property counters move positively. ACCICB has been making some buys here and there so I thought of taking a look myself.This blog post was written weeks ago but I never got around to finishing it then ACCICB told me that he tried to buy Capitaland for trading but didn’t get it and the next day there was a trading halt due to the issuance of the convertible...

Read More

Making joint financial decisions aka buying a car

Recently ACCICB and I have been thinking and looking around to purchase a new car. Our current Japanese car is 8 years old so it was a case of changing now or driving it till scrap in 2 years time. We were advised that changing our car next year would be pointless since there will be no value left in the car to do so. Given the astronomical COE prices in recent years, in fact, I think it has never or hardly dropped since our first car was bought in 2007 and if you use trend forecasting, it seems...

Read More

My love-hate relationship with Mr Market

Actually I don’t know why people call the market Mr Market as it feels that the market behaves very much like a woman. Fickle minded, full of mood swings, is often irrational etc. Personally I love and hate Mr Market as it can make me feel like a genius or an idiot, sometimes both at the same time! I love Mr Market as this is one of the ways to make $$$ using your own capabilities, unless you outsource this job to someone else, then this no longer applies to you. Basically it means no amount of ball sucking,...

Read More

FIRE

Recently there has been a lot of talk about financial independence and retiring early. FIRE for short it seems. I know plenty of people around me who have achieved FI but are not RE simply because they are not geared that way. They want to be mentally stimulated at their jobs or businesses and they continue everyday despite being able to tell their bosses to FO.   My ex boss who was retrenched from the bank when he was in his 40s could have RE years ago. He had a world class education from USA, worked in a big...

Read More

An equation to rule it all

Your Performance = Your Quality of Strategy x Your Quality of Implementation x Your Timing If you break it up, it could mean: your Performance in $, %, whatever that makes you happy = your Fundamental Analysis of the Company’s Strategy or your Trading Strategy x your Technical Analysis in terms of execution x your Technical Analysis in terms of the entry and exit...

Read More

Brain vs Eye

ACCICB and I each have our own roles to play…he being the Eye and I being the Brain. Basically I would research on the stocks based on FA and he would decide on entry and exit based on TA. We also played around a little bit…with him using his brain or him using his brain + eye and the results are a mixed bag. I haven’t used my eye much so I wouldn’t know how well that would work out over the long term. So far it seems to be average and I seriously need to hone my eye...

Read More

What a bout of illness did for me

I’ve been sick over the past week so my half prepared post on investment theme is not complete yet as my brain can’t seem to function very well when I’m down with flu. I’m still sick as I’m typing this so bear with me if I seem incoherent. However, being sick also gave me the impetus to just buy a counter on the day that it’s earnings was released. I’m not sure whether I was thinking correctly but I did a small amount and intend to buy more when the price comes down.   Somehow the earnings was good,...

Read More

Making the right call vs Cracking the Code

Making the right call and cracking the code seem awfully similar but are vastly different. I doubt I will ever crack the code when it comes to FA simply because each company is different and I can’t adopt a blanket 123 to decide which company to buy. Thus I have been trying to make the right call instead. What exactly is the right call, I ask myself this same question everyday. My views may differ from the rest or may be in consensus but that does not give me any indication of whether my call is the right one....

Read More

Fear

Fear is something created by oneself and is the fruit of one’s imagination. Imagination should be left for creating the future instead. This was taken from one of the K dramas I watched recently…so who says that K drama is all fluff and no use. There are some really good quotes in there I tell you!Fear can really freeze you in your tracks at times. It can also force you to want to break out and if you do, you unleash your hidden potential. I remembered frozen by fear before at work but funnily never when it comes to...

Read More

Like us on Facebook

Follow us on Twitter