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Friday, 28 February 2020

OK, that escalated quickly!


Wow!

US markets savage or what this week?

Two -3% down days and one -4% big move last night.

Didn't matter.

I lost money this week!?



I'm not mad or flustered. (OK, seeing the Simsci gap down 9 points pre-market this morning without me sucks)

Of course it helps I've made some kopi money from the previous 2 weeks.

2 weeks win; 1 week lose. Oh well...



I've discovered something quite useful (never let a loss go to waste).

My Method does not work too well in high intraday volatile markets. 

I mean I already knew I hated one day up, one day down kind of market moves; my Method still can handle them. That's not the problem.

The problem is when intraday, the market have big swings back and forth...



Of course the problem is easily solved by having wider stops, or even no stops at all?

Hello. 

I don't think I would want to mess with a Method that has helped me made $10 from $1 so hastily...

Have you noticed both gold and silver went down last night despite the -4% US market loss?

Oh, sure, Dollar/Yen went down this week acting like it would as a safe haven trade, but not without first profit stopping me out last week when it zoomed to 112!? (Lucky never lose money, but still...)



This week is something else...

Its as if the different asset classes are taking turns to exact maximum humiliation and damage to me.

LOL!



I will sit today out.

I can't control the market moves; I can control whether I want to play or not. Wink.

Back to sharpening the saw.



Must reflect and review how I can do better in these kind of markets. 

Or maybe stay the hell out the next time?





  









Tuesday, 25 February 2020

Well, that de-escalated quickly!


Whiplash!

Hands up anyone who were pleasantly surprised to see our STI up today?

Especially after the -3% mauling for all 3 US major indices last night...



Not easy right?














Thursday, 20 February 2020

College Degree Of The Rich






I had a good laugh!










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