tag:blogger.com,1999:blog-6897513886211197509.post1746805490609393207..comments2024-03-29T20:19:17.530+08:00Comments on Singapore Man of Leisure: CFDs anyone? Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-6897513886211197509.post-33489124076155181932015-01-14T18:45:49.792+08:002015-01-14T18:45:49.792+08:00temperament,
活到老,学到老。
The Japs call it Kaizen 改善...temperament,<br /><br />活到老,学到老。<br /><br />The Japs call it Kaizen 改善.<br /><br />Ang moh call it Sharpening the Saw.<br /><br /><br />Keeps the mind active to find more techniques to limit our losses and avoid giving back too much of our profits back to the markets :) <br /><br />I'm not smart; but I very curious like the cat?<br /><br />LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-36942328958035261912015-01-14T09:43:40.674+08:002015-01-14T09:43:40.674+08:00temperament,
I am already past Confucius' 四十不...temperament,<br /><br />I am already past Confucius' 四十不惑。<br /><br />Soon I'll reach 五十知天命。 (I am ahead here as I discovered my ikigai at 44)<br /><br /><br />I don't go round seeking approval from others ;)<br /><br />I can do my own reflections and form my own opinions (does not mean I am right though)<br /><br />I guess that's why you, fisherman, coconut, and others like to banter with me?<br /><br />You know you are not talking to a parrot ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-15204088974335561682015-01-14T09:29:12.615+08:002015-01-14T09:29:12.615+08:00temperament,
Yes! I was hoping not to be too exp...temperament,<br /><br />Yes! I was hoping not to be too explicit as its best for readers to discover it on their own.<br /><br />I hate to agree with the fisherman (bang my head against the wall everything I do), but just look at what he did (or rather did not do) in 2007 versus now in 2015? Which version of him can sleeping soundly in bed every night?<br /><br />Going from equities to cash is a pairs trade = long cash/short equities.<br /><br />Moving from cash to equities = long equities/short cash.<br /><br /><br />It's all in the "Mind". <br /><br />Interested to know more about protecting profits?<br /><br />http://singaporemanofleisure.blogspot.sg/2013/09/the-3-ms-part-2-money-episode-2-of-2.html<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-83706443655002116702015-01-13T14:47:49.432+08:002015-01-13T14:47:49.432+08:00Hello!
You implying I not pretty enough?
Insect!...Hello!<br /><br />You implying I not pretty enough?<br /><br />Insect!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-46871047230182278872015-01-13T14:39:00.225+08:002015-01-13T14:39:00.225+08:00Not lady speaker first?
Thought normally that wil...Not lady speaker first?<br /><br />Thought normally that will be the sequence. No?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-25552873824094149802015-01-13T14:32:41.966+08:002015-01-13T14:32:41.966+08:00L Young,
Thanks!
The credit must go to the spor...L Young,<br /><br />Thanks! <br /><br />The credit must go to the sporting readers ;)<br /><br />This watering hole does not practice one way street kind of "I tell you so" or "If you believe me follow me!" <br /><br />Anyone has an idea or conviction? <br /><br />We put it to the Royal Rumble test of public opinion!<br /><br />After wrestling with CW the Hammer and temperament the Anvil, I a bit winded liao leh... These 2 qian beis give no quarter one.... Tag team me some more... LOL!<br /><br /><br />Make a wild guess why I am relegated to the warm up opening act? <br /><br />Like K-pop groups, some are responsible for dancing, some for vocals... <br /><br />I am responsible for "visual". <br /><br />Excuse me while I do a Merlion on what I've just said...<br /><br />There is no shame in man-whoring ;)<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-76651583218151897772015-01-13T13:01:50.308+08:002015-01-13T13:01:50.308+08:00Hi SMOL,
A solid article as usual!
The comment ...Hi SMOL,<br /><br />A solid article as usual! <br /><br />The comment section is even better!<br /><br />Looking forward to your snake oil presentation and please inject, if not maintain, the same level of humor in it as well!<br />Anonymoushttps://www.blogger.com/profile/13581729837062157604noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-7310203757691998822015-01-13T09:59:12.996+08:002015-01-13T09:59:12.996+08:00CW,
It's par for the course. Just like those ...CW,<br /><br />It's par for the course. Just like those who went broke going long in a bull market. Blumont, Liongold anyone?<br /><br />How about those who bought Wilmar, Noble, and Olam? OK, not broke, but not exactly happy these stocks are not participating with STI's rally is it?<br /><br />STI above at 3300 is nearer to it's all time high than ever before, but there's quite a few stocks that are nearer in price to their 2011 or 2009 lows...<br /><br />I am merely throwing a brick out to see how many are doing their OWN journey of self-discovery?<br /><br />Some after this journey may decide shorting stocks is not for them. Maybe Trading around a core position works better for them?<br /><br />A long time Keppel investor may decide if Keppel goes beyond $11 next time, if would be prudent to SELL 1/3 position?<br /><br />If Keppel goes up, make less but still make what?<br /><br />If Keppel goes down like now, hei hei! Now got the funds to wash, rinse, and repeat.<br /><br />Taking some money off the table is a variation "shorting" - if we don't let words bind us.<br /><br />Same methodology - when we recognise something is "not cheap", we "sell".<br /><br />It's just called "sell" when we have a prior position in the stock.<br /><br />It's called "short" when we don't own a prior position.<br /><br />Cookie; biscuit. Lorry; truck. They are just words ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-72966196564072121342015-01-13T09:38:00.538+08:002015-01-13T09:38:00.538+08:00Thanks Mr IPO ;)
If we can only "recognise&q...Thanks Mr IPO ;)<br /><br />If we can only "recognise" cheap as in value for money, but can't "spot" expensive as in over-priced, then something does not add up.<br /><br />A motto from my ex-company comes to mind:<br /><br />Much work remains to be done. <br /><br /><br />P.S. Nice pics from your trip to San Francisco! Ah! Those Calamari reminds me of my island hopping days in Greece ;)<br /><br />A bit of sun, a dash of sea, a little breeze, plus wine, women, and song, what more does a man want?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-80401834518021863222015-01-13T09:05:07.580+08:002015-01-13T09:05:07.580+08:00This Guru who has the ball to show his trades on h...This Guru who has the ball to show his trades on his ex-blog close to real time with details and charts.<br /><br />At that time he was Chief Trainer and Chief Strategist. (Title with Chief. No play. play hor)<br /><br />Why he later stopped blogging? Think for yourself.<br /><br /><br /><br />Read? <a href="http://createwealth8888.blogspot.sg/2009/03/does-shorting-always-win-in-bear-market.html" rel="nofollow">Does Shorting always win in a bear market? </a><br /><br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-71723534406049829072015-01-13T08:56:03.811+08:002015-01-13T08:56:03.811+08:00SMOL, i like this quote best and agree with you! :...SMOL, i like this quote best and agree with you! :)<br /><br />"How about profiting from this conviction from the other side? Why let all that hard work go to waste? " LOLMr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-40504770381819826102015-01-12T22:06:55.497+08:002015-01-12T22:06:55.497+08:00Sillyinvestor,
Anytime!Sillyinvestor,<br /><br />Anytime!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-37913840339416241372015-01-12T21:55:59.312+08:002015-01-12T21:55:59.312+08:00Thanks SMOL,
About 看山看水,after the episode of inne...Thanks SMOL,<br /><br />About 看山看水,after the episode of inner demon, I feel much better at ease. <br /><br />I am more frugal and cheekily ask for cheaper options when dinning out. Not that difficult actually. But I do not want my wife to feel "poor" and go through what I felt. If she wants something, I will try to make plan fr it. <br /><br />In certain sense, I want enough of money, I have kiss my finacial freedom goal goodbye. <br /><br />Not that I should not work for it, happy can liao, as long as I and my wife do not become burden to children or society, which I seriously think will not be the case, letting go of that dream is 't really that painful.<br /><br />Now, I confidently say I am not deluding myself. I working for my house to be in stronger order, but no need to 强求,强求also cannot get. <br /><br />Thanks for listening!! Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-23868882607476514142015-01-12T21:50:06.991+08:002015-01-12T21:50:06.991+08:00temperament,
There must be "investors" ...temperament,<br /><br />There must be "investors" out there who regretted listening to "well meaning" advice in 2009 not to invest in equities. Stock investing is SO DANGEROUS! Market just tanked more than 50% you know?<br /><br />Everything is dangerous if we no idea what we are doing ;)<br /><br />Just like some Spot Forex Brokers, some CFD brokers are no different from bucket shops of old that you were familiar with.<br /><br />There's a reason why some brokers go for cut-throat commissions to lure the "greedy". Those who go for "cheap" deserve the risk they are taking just to save a few dollars...<br /><br />Leverage instruments are DEFINITELY not for everyone.<br /><br />But the ability to fly with BOTH wings is another story.<br /><br />Especially when one has invested time and effort into the doing our own homework.<br /><br />Imagine going into a casino and the house rule states you can only bet black at the roulette table. Is that advantageous for the bettor or the house?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69622059243160200122015-01-12T21:44:55.233+08:002015-01-12T21:44:55.233+08:00CW,
Another fair word from the fisherman. If we g...CW,<br /><br />Another fair word from the fisherman. If we get careless with our position sizing, who's to blame?<br /><br />That's why some institutional traders self-destruct when they leave their firms to trade on their own. <br /><br />Without a risk manager to reign them in, they become another Nick Leeson...<br /><br />You think its easy for me to discipline myself not to add funds from my investment account to my trading account? <br /><br />It's never the tools. It's always who is wielding the tool ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-26787378254574515262015-01-12T21:36:59.089+08:002015-01-12T21:36:59.089+08:00Sillyinvestor,
I always knew you are a man of rea...Sillyinvestor,<br /><br />I always knew you are a man of reason when you have calmed down ;)<br /><br />First things first. Leave aside investing and the financial freedom for a while.<br /><br />This is probably more priority:<br /><br />看山则心静,看水则心清<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-85242422500069838302015-01-12T21:36:46.487+08:002015-01-12T21:36:46.487+08:00Not necessary CFDs on margin trading. Your broker ...Not necessary CFDs on margin trading. Your broker will call you for margin call.<br /><br />For active contra players, brokers may also call us if our positions are too big for their comfort on bad days.<br /><br /><br />Once I was called in the morning and then in the late afternoon on the same day to pay up or close positions. <br /><br />Brokers have their own risk management to follow; otherwise they may become broke and not brokers. LOL!<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-60821029627199261462015-01-12T21:08:53.063+08:002015-01-12T21:08:53.063+08:00SMOL,
To be fair, I do not blame the broker. I di...SMOL,<br /><br />To be fair, I do not blame the broker. I did ask the broker to send me the formula to calculate the leverage ceiling which he duly did. I am saying I am not cut out for it, not saying it is not a good avenue to make money. Maybe I young and lazy then, that was 6 years ago? I think if I can understand DCF and look into WACC formula, I can understand the leverage ceiling.<br /><br />Just want to keeps way for circle of Incompetence first.<br />Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-49688362639234284342015-01-12T21:04:11.605+08:002015-01-12T21:04:11.605+08:00CW,
Wah! You now into selling dreams!
Now who...CW,<br /><br />Wah! You now into selling dreams!<br /><br />Now who's the snake oil salesman?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90731052229599088012015-01-12T21:02:49.269+08:002015-01-12T21:02:49.269+08:00Sillyinvestor,
1) To be clear to other readers...Sillyinvestor,<br /><br />1) To be clear to other readers, no CFD broker can "force" you to close a winning CFD position unless you have hit the margin call limit. Your broker is merely being diplomatic with you - you need to top up or close the account. Hello?<br /><br />The advantage (or disadvantage) of margin call is that traders quickly learn what they lack in the 3 Ms - money management. <br /><br />Some admit what they lack and start exploring what is position sizing, cut loss, single trade and total portfolio risk management, and so on. The list goes on and on! If easy why only 5% profitable? <br /><br />While those who refuse to acknowledge Money Management will go back to plain vanilla equities long trades. And if the trades goes against them, it will become a long term investment. See? I am in it for the LONG TERM! Yeah right!<br /><br /><br />2) I wonder if you student gave up after one test, what would you say to them? LOL!<br /><br /><br />3) I must give you props for testing CFDs and shorting! At least you have tried it BEFORE giving an opinion. We can definitely see the passion in your comment! Got bloody, got swear, got F word. <br /><br />Power!<br /><br />Stick with what you are comfortable with :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-91145709801026750732015-01-12T20:39:42.223+08:002015-01-12T20:39:42.223+08:00Mr Toad. Right?
A boat with Princess Swan who wil...Mr Toad. Right?<br /><br />A boat with Princess Swan who will be singing.<br /><br />I am sailing. To be near you. To be free.<br /><br />Remember you said something like this. Right?<br /><br />Princess Swan: Shut up! Come and kiss me!<br /><br />You turn into Prince.<br /><br /><br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-21783563541730949152015-01-12T20:38:30.790+08:002015-01-12T20:38:30.790+08:00temperament,
Ya, all of sudden, CW cares about my...temperament,<br /><br />Ya, all of sudden, CW cares about my singlehood... Sob, sob. My ass!<br /><br />Hope more of the audiences will be like CW - poke, poke away!<br /><br />I am not a guru; I am "ka ki lang"!<br /><br />Who's kidding who?<br /><br />Looking forward to scintillating Q&A at the end of the session!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-8716390887939803132015-01-12T20:27:06.723+08:002015-01-12T20:27:06.723+08:00But I still look like toad :(
Don't try to sw...But I still look like toad :(<br /><br />Don't try to sweet talk me. <br /><br />If I get a "tok kong" question from a male audience in his 50s, I'll shout "Fisherman!"<br /><br />"Can I have a mint please?"Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-13355496512238181462015-01-12T20:17:26.091+08:002015-01-12T20:17:26.091+08:00I opened a CFD before, in fact, I check few weeks ...I opened a CFD before, in fact, I check few weeks ago if my account is still active.<br /><br />Hell I swear never to touch it again! <br /><br />1) Not many counters can be shorted. S chips -- many of them<br />Cannot be shorted using Lim and tan CFD<br /><br />2) I super suay!!! I short genting when it is 1.8/1.9 cannot remember when. My broker call me and ask me to close position, say indicator is bullish, or top up account. I said I thought I still have some leverage space. Then he explain the leverage system which I did not understand... Hell I hate it when I dun understand. So I close position and lose a few hundred!!! Freckling hell, it had a bad quarter as I predicted and went as low as 1.6!!! Bloody hell.<br /><br />3) I super useless!! The lim and tan platform need to scroll to the right acc, one is normal and the other is CFD, the Interface don't really change. I f** wanted to take profit from from trek when I end up buying !!!! Shit!! And I did it twice!!!!! I swear the hell I am been punished for trying to gamble, I stop using lim and tan altogether and went back to my Uobkayhian long only acc!<br /><br />Call me pandan and silly. Unless I want to try hedging technique. I will never short again!!Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-92137370822550395612015-01-12T20:02:03.639+08:002015-01-12T20:02:03.639+08:00Boat is sailing to you soon. You now famous!Boat is sailing to you soon. You now famous!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com