不愁无庙

The Countries With the Highest Density Of Robot Workers - Singapore Only No. 2?

Singapore no. 2 behind South Korea?

How can?

We must beat them so we can be no. 1!

Just like how we retook Changi Airport back as the no.1 airport in the world from their Incheon Airport. No?

Yes, I am using sarcasm.




I remember when I was in primary school, there were loads of busses ferrying factory workers wearing their lttle blue dresses in and out of Singapore.

That's ancient history...


I also remember fondly those small little POSB branches that were located in HDB estates. They have only 2-3 tellers. And the black thumb prints when withdrawing money!


Now fast food outlets and supermarkets we have self-ordering and self-payment machines. 

And we can order almost anything online to be delivered to our door. How convenient!

One day, I guess shopping centres will only retail services that cannot be replaced online like food, hairstyling, spas or gyms, and tuition centres that sort of thing...

I was actually quite confident brick-and-mortar retailing will still survive in Singapore - that's until I leanred there are people who actually order shoes online!?

Now my confidence has been shattered...


The pin no prick you no pain. 

Its easy to make decisions on rank-and-file sheep when you're a shepherd.

That's until landowners are able to find a robo shepherd to replace you!

Trading With Different Time Frames

Traders A & B both worked in the same investment bank.

Trader A longed EUR/USD while Trader B shorted EUR/USD; both at the same exact time and at the same price.

Both of them made money.



How is this possible?



Trader A is a swing trader who holds his position for several days to several weeks. 

His stop loss is 100 pips away from his entry price. 

Upon entering his trade, he suffered a -40 pip loss on that day. But since his stop order was not triggered, he was able to hold on to his money losing trade and give time for his trading thesis to work.

Eventually, the EUR/USD rallied and he was able to close the trade 5 days later for a 200 pips profit.



Trader B is an intraday trader.

His stop loss is 10 pips away from his entry price.

Right off the bat, his short EUR/USD position turned into a quick profit of 40 pips. 








Normally, I am more of a Trend Following Trader who likes to hold my positions for several weeks or months. Profits got more meat mah!

However, I can't dictate what I want to the markets... Even going to Waterloo Street and pray to Kwan Im Ma also no use!

If the mountain don't turn, I turn.



Swing trading is a lot easier to transition to. 

But man! Intraday trading is a lot taxing and harder to execute... I swear some of the price movements look totally random! And they probably are!

Only no choice will I dabble in intrady trading. Especially for those 1 day up, 1 day down kind of days. 

In this situation, I rather close all my trading positions at the end of the day. 

This is to lock-in whatever profits I had, if not they will disappear the next day when the market reversed #@!!%&(&%$@!

LOL!



Do note one important caveat. 

Irregardless of whatever time frames I trade in, I always enter my stop loss order immediately when an order is filled.

My entries are discretionary; my exits are systematic.

Why?

I don't trust myself when it comes to taking losses. 

Plus I can't be staring at the screen all the time if I used mental stops, can I?