Author: Athena Trader

Going away

When ACCICB and I plan to go away on a holiday, we have to try to time it such that at least one of the markets are closed on some days or such that we have to close or reduce our open positions before we leave. This means that we may have to either hope and pray nothing goes wrong or slow down our buying activities in the days leading to the holiday or simply work while on holiday.   So far, we’ve done all 3 in its various combinations but my preference is to close all or reduce...

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Going away

When ACCICB and I plan to go away on a holiday, we have to try to time it such that at least one of the markets are closed on some days or such that we have to close or reduce our open positions before we leave. This means that we may have to either hope and pray nothing goes wrong or slow down our buying activities in the days leading to the holiday or simply work while on holiday. So far, we’ve done all 3 in its various combinations but my preference is to close all or reduce open...

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Building a Watchlist

I’ve gone off the grid for a while as I can’t think of anything to write about. I’ve a couple of unwritten posts here and there but nothing compelling for me to publish. I also thought of changing my blog name since I’m morphing into more of a trader than an investor due to the change in my circumstances whereby cash flow takes precedence over profits. But somehow Googirl Trader does not sound catchy at all…so I’ll just leave it be I guess.Building my Watchlist has been an interesting, tiring and seemingly endless task since I cover multiple markets...

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10 Best Practices that Improved my Trading + Investing Performance

Ever since I started investing + trading, I’ve adopted a few practices which I feel improved my performance. Here’s a summary of what works for me:   1. Have a notebook to write your FA and TA notes. It can be digital if you prefer but for me I like to have it on paper and I wrote it down on my previous company’s notebook as if to tell myself that this is a path of no return and I had indeed left for greener pastures.   2. Have a notebook to take down notes of your trades/investments, predictions etc....

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Beware of the Bollinger Bandit!

Besides the ‘Hai’rami that I wrote about in my last post, ACCICB also came up with the Bollinger Bandit which has caused him much pain when he first started trading. I’m not trivializing TA by giving them such catchy names although it does seem to stick in the head much better it seems. The Bollinger Band is wonderful when your candlesticks are touching them when it’s on the uptrend as it often mean that there’s a possibility that the next day/days’ candlestick would continue to rise given that the other oscillators are in agreement.The thing about oscillators is that...

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Know your Harami from your ‘Hai’rami

ACCICB bought many stocks on a harami candlestick only to discover that it is actually a ‘hai’rami when the stock went down further. Hai in mandarin means to inflict woe onto others thus you can see why I renamed the harami to ‘hai’rami for ACCICB. Harami is a two Japanese candlestick pattern and it is a reversal pattern thus you can imagine ACCICB’s reaction when he bought it on the downtrend but it went southwards or sideways instead of going up up and away. I won’t go into the details of the harami pattern because there’s much information out...

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True or False: Guaranteed minimum of 40% returns

I had some difficulty thinking of what to write in this post and as I read the posts of other bloggers, I thought that I should share about my Chinese beautician who is an excellent source of stock market ideas and everything from China. Basically we talk about stocks almost all the time since she invests in purely Chinese stocks. Currently ACCICB covers Chinese stocks so I’ve been thinking of starting my research and who knows I may pick up some stocks along the way. Back when we both didn’t know that the other invests/trade, we already get along...

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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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...

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