Trading is easy, isn’t it? [20 Nov 16] (Part 1)

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If somebody says his profession is a trader, what will you immediately think of? I believe most people would immediately flash across thoughts of fine dining, fast cars and effortless work. Is this really the life of a trader? If it is so easy, why don’t we all jump onto the “trader” bandwagon? In my opinion, trading or punting without consistent profits and plans is easy but it is not … [Read more...]

Bet you never saw it coming! (Wrong but make money)

Neither did I! Let's not talk theory about Trump's win yesterday. There's enough pontifications and red-faces out there. We know who got it right; who got It wrong... Boy, was I wrong!!! Like the majority of the market, I had a small skin in the game that's positioned for a Clinton victory - long USD/SGD. Nearly spilled my coffee when I saw Trump leading Hillary early in the … [Read more...]

Year Of Black Swans And My Little Mistake In Trading Today

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I am sure most of you have already read by now that Donald Trump will be the next President of U.S.A. Well, since that's what 55+ millions of US citizens are asking for, so be it. Just that it still shocked me to the max, I thought..... well, never mind... not my business. Come and think of it, 2016 is the year of Black Swans, from Brexit to Philippines and now the new US president, one blacker … [Read more...]

My Review of Binary Options IQ Option – Addictive!

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I happened to bump into this application called “IQ Option” when surfing the internet. It is an application for trading binary options. Having some basic knowledge about binary options, I decided to download on my phone and give it a try. What is Binary Option? Binary options are a simple way to trade price fluctuations in multiple global markets. – Investopedia Getting Started You can … [Read more...]

High Frequency Trading the Next Big Thing?

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As the age of internet dawn on us, we would expect the financial markets to become more transparent, more efficient, and provide a level playing field for all investors/traders. However, actual reality is the opposite: markets are not much more transparent than they used to be, and increasingly, we are being pitted against computers, or more specifically: High-Frequency … [Read more...]

I never failed in Art classes

I'm not sure about school nowadays, but during my Secondary 1 and 2 (1980-1981), we had to take 10 subjects. Looking back, it was the best of times since I had to learn everything - English, Chinese, Math, Biology, Chemistry, Physics, Geography, History, Literature, and Art. I think that's a great approach if one is starting out on their nascent investing/trading journeys. Start broad … [Read more...]

The Key To Market Prediction

Now I’ve been away for quite some time (slightly more than a month), I have decided to write a post about market prediction. This post came into my mind while I was in the midst of preparing some materials for forex trading. Over time, many people have approached me, inquiring me what is the key to making so much money in the markets. My usual answer to them is that you gotta find what works … [Read more...]

Are you investing/trading like a scientist or like a lawyer?

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Before you read on, take a minute and think about this question for a while. Look back at your recent transactions. How did you arrive at those decisions? Are you happy with your past decisions? Any regrets? C’mon.  If you’ve never yelled “How could I have been such an idiot?” at yourself in a fury, you are not an investor and certainly not a trader. Now back to my headline … [Read more...]

Positioning Size and Risk Comfort Level Where Successful Retail Investors Don’t See Eye To Eye To Successful Retail Traders

Read? Cut Losses Where Successful Investors Don't See Eye To Eye To Successful Traders Real People. Real Story! Upon a time; there were two men from time to time when they have the opportunity they would poke each other over trading and investing. One man was the late known "Guru" who has avoided to answer even simple question of Yes or No by stating the fact that even audited companies … [Read more...]

Cut Losses Where Successful Investors Don’t See Eye To Eye To Successful Traders

So you are a retail trader? How about these wise words? “Markets are actually set up so that most traders must lose money” ― Alexander Elder, Trading for a Living: Psychology, Trading Tactics, Money Management The Elder Method Dr Elder uses a money management (position size) algorithm based on 2% of trading capital. Dr Elder's 6% rule is that you can only lose 6% of your trading … [Read more...]

A trip to Lake Wobegone

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This trip is for the stock traders among you. What kind of annual return are you aiming for? 30% or 20% or 10%? What’s your number? Humans, and especially those of the male persuasion, have a bias called The Lake Wobegone Effect.  They have the tendency to overestimate one’s own abilities resulting in unrealistic expectations.  It is named after the fictional town created by Garrison … [Read more...]

How to double your income in sales

In sales, this is how we motivate and inspire our underlings to sell more! First, we track ask them to track their sales performance. For eg, how many customers they approached per day, how many of them turned into sales that day. We will then get their closing ratio. A sales person may score 1:10 - meaning for every 10 customers he applied his snake oil sales pitch on; 1 turned into … [Read more...]

Why I Think Trading Is A Poker Game

If you are reading the title and is thinking that trading is gambling, this article probably isn’t for you. Because your fundamental framework of the investment world is already wrong, and I don’t think this article would change your perception otherwise. However, if you are here to learn to make money out of the markets, I’d be glad if you can continue to read on. I usually hate comparing … [Read more...]

A bit of trading while I wait…

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Hey guys, just a quick update on what I've been doing - seeing as how blue chips are pretty expensive right now, I've been pouring my warchest into doing a bit of trading while I wait for prices to come down, In my last post, I liquidated all my Silverlake Axis (5CP.SI) shares after getting a small profit. My intentions were to use the cash I had following the sale to build my blue-chip … [Read more...]

Top Things Small Businesses Need to Be Aware of When Dealing with Forex Trading

The Forex market offers a fantastic opportunity for small businesses to make a lot of money. However, it can come with some seriously high risks. Before you jump into Forex trading, you need to have a good understanding of how it works and what could go wrong. Here you’ll discover the top things your small business needs to be aware of when dealing with forex trading. It’s not a get-rich … [Read more...]

What Is Long-Term Investing And Short-Term Trading???

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When Uncle8888 started this blog on Sunday, 19 November 2006; he named the title of his blog to his investing and trading strategies which he has been revising and executing since Jan 2000 when he became serious and convinced that the stock market (Investment quadrant) is the way to go after reading Rich Dad, Poor Dad in Dec 1999. Read? The journal begins ... After more than 16 years in … [Read more...]

Why a Trader Should Invest Too

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I was at a traders' fackbook group when someone asked which stocks should he buy for investment. Immediately there were a few replies and most actually said that they will ramp up their trading capital and trade bigger lots. Why need to invest in stocks they say when they can earn bigger bucks by increasing their trading capital and trade bigger. Agree? Hmm this I do not quite agree. In fact, I … [Read more...]

Speculating on Silverlake Axis

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Recently, I mentioned that I'd sold off a few of my holdings with the idea of picking them up on the cheap later on, when the market weakened. So, since I had some spare cash lying about, I thought I'd do some short-term trading with Silverlake Axis (5CP).  The banking software provider's stock price closed at 0.585 on Friday (15th Jul), a far cry from its days above $1.00 before a … [Read more...]

My Trading Edge

As usual, I shall lay out the context and perspective before I share what's my trading edge.   Paid to trade Traders working for institutions like hedge funds, investment banks, sovereign wealth funds, etc; they all have one thing in common - they have a base salary. That means they don't have to worry how to pay the bills every month. With one thing less to worry, they can … [Read more...]