Freddy's Blog

PUT THE GLASS DOWN!!!

2012-02-21T01:37:00.001+08:00

Put the Glass Down When you leave office today.

... Study this small story. Hope... that makes a BIG change in YOU.

A Professor began his class by holding up a glass with some water in it.

He held it up for all to see & asked the students

“How much do you think this glass weighs?”

'50g!' ....
'100g!' ..... '125g'

..the students answered.

“I really don't know unless I weigh it,”

said the professor, “but, my question is:

What would happen if I held it up like this for a few minutes?”

'Nothing' …..the students said.

'Ok what would happen if I held it up like this for an hour?' the professor asked.

'Your arm would begin to ache' said one of the student.

“You're right, now what would happen if I held it for a day?”

“Your arm could go numb, you might have severe muscle stress & paralysis & have to go to hospital for sure!” … ventured another student & all the students laughed …

“Very good, But during all this, did the weight of the glass change?” asked the professor.

‘No’…. Was the answer.

“Then what caused the arm ache & the muscle stress?”

The students were puzzled.

“What should I do now to come out of pain?” asked professor again.

‘Put the glass down!’ said one of the students.

“Exactly!” said the professor.

Life's problems are something like this.

Hold it for a few minutes in your head & they seem OK.
Think of them for a long time & they begin to ache.

Hold it even longer & they begin to paralyze you.

You will not be able to do anything.

It's important to think of the challenges or problems in your life,

but EVEN MORE IMPORTANT is to

‘PUT THEM DOWN’

at the end of every day before You go to sleep.

That way, you are not stressed, you wake up every day fresh &

strong & can handle any issue, any challenge that comes your way!

So, When you leave office today, Remember my friend to …

PUT THE GLASS DOWN TODAY!

Dreams & Goals Redefine

2012-01-19T01:13:00.000+08:00

This had been on my mind for quite awhile already. Each time I sat down, I will always have an inner feeling that tell me that I'm not ready to pen this down. Indeed, I have to agree that this will seriously take me awhile to complete.

Had a chat with Colin today (16 Jan 12) and his proposition make me think harder and deeper into what I really wants to accomplish these few years on. Hence, I start to pen down in my iPhone, my thoughts starting 16 Jan 12. Let see how long it will take me to complete this entry.

His proposition - Good Debts. Get a loan and fund my trading account with $10K. Looking at the interest rate, generally it should work out to be about 2% or lower each month. Trade on what we had learnt, we should be able to do well, just stay discipline and dun ever fight the market. Get the direction right and follow what the master say. It's possible to double your account in 2-3 weeks time. Look good and sound simple enough, for we do really have the master with us. In fact, it's not one but two masters leading and coaching us.

I had been working for Six Capital Pte Ltd for almost 2 years now, and had learnt pretty much about trading as a profession as well as a business. There is definitely more to be learnt but it is also time to step out and put all the skills together and crystallize them into action plan.

Dreams & Goals redefined - With FED INVESTMENTS PTE LTD incorporated on 11-11-11, I will need to used this coming months to build up my equity and at the same time continue to constantly perfect my trading skills. My goals is to stabilize and be able to get constant income of at least $3000 by the end of 2012 Q1.

2012 Q1 target

1. Equity >= $30K

2. Monthly income of $3000

After Q1 target is met, I shall set my next equity target higher and have a higher monthly income. With the grow in my monthly income, I will need to focus into managing my finances, i.e. reducing my debts.

2012 Q2 target

1. Equity >= $50K

2. Monthly income of $5000

3. Reduce personal debts

4. Improve / increase my Saving

Realizing my Dream - With all my goals set and put into action, the next step is to start developing my property portfolio and create another line of income through rental. Such portfolio will take many years to build, nevertheless it's better to start late than never. Here, I will just set a general timeline for myself and be as realistic as possible, kinda act more like a guideline.

1. First private property - either for rental or for my own can be decided when the time come. I'm looking at end of 2013.

2. Second and subsequent property at the end of each year thereafter. My dream is to have at least 5 private property, one for myself and the rest for rental.

HAPPY NEW YEAR 2012!!!

2012-01-01T03:18:00.000+08:00

Happy New Year to all my friends and readers. Time had really passed by like a flash, looking back, it was just like yesterday when I set some goals for myself in 2011. Now 2011 is history and it's time to reflect and set some new goals for 2012.

Nothing much had been accomplished in 2011, but definitely it had been a fruitful year in building my foundation and getting my career as a professional trader a good head start. Towards the last month of 2011, I finally had my first step towards being a professional trader. FED INVESTMENTS PTE LTD was incorporated on 11 November 2011. Thank you very much to those who had showed their support and FAITH in me.

In the year 2012, I am going to focus on my company growth and eventually making it become my main income stream, targeting at least $4000 monthly at the second half of the year. Currently, I still have a monthly paycheck and hence there are tasks that need to be completed. With my monthly paycheck, I hope my company will be able to provide me with an additional $2000 income monthly. If everything goes as planned, then I should soon see myself focusing 100% on trading.

Hence, resolution for year 2012:-

1. Trade daily to acquire confidence and skills competency.

2. Expanding FED INVESTMENTS PTE LTD.

Wish me good luck and HAPPY NEW YEAR to all.

Christmas 2011 - Movie Marathon

2011-12-25T16:35:00.000+08:00

Have the whole day to myself since it's an off day from work, hence decided to have a movie marathon and decided on "We Bought a Zoo", "Petaling Street Warrior" and "Sherlock Holmes" in that sequence. Planned the timing before heading to NEX, my current favorite cinema by Shaw Organisation, it is also mainly because of the location from my home.

Very good show indeed and definitely worth a second watch for me. Just the type of movie I like and it's funny too, the whole cinema was laughing out loudly. Trust me, it's >100% worth the dollars, so catch it ASAP.

I watched this movie mainly because of Mark Lee, kinda supporting his production, but I also not too sure whether this movie is his production haha... Anyway, not really worth the dollars to watch on weekend, pretty crappy and most of the time you also won't understand their joke or 笑点.

Out of the three movies I wanted to watch, I only manage to catch the above two movies, as Sherlock Holmes: A Game of Shadows was full house and I won't wanna waste 2-3 hours waiting just for the next show, and it also occur to me that I can always come back and watch the next day, Christmas Day. And so I went to my handout, O Bar @ Upper Serangoon Road and spend the rest of my Christmas 2011.

相由心生境随心转

2011-12-25T15:24:00.000+08:00

First time I held my iPhone for 1 hour 13 minutes to watch the following video. It is about how the nature and environment react to our internal thinking and conscious. Do watch it when you are free.

FED INVESTMENTS PTE LTD

2011-12-04T18:59:00.000+08:00

Finally incorporated on 11th November 2011 (11-11-11), the trading account had also been created and the first trade was taken on 1st December 2011. Trading report for the day is shown,

As you can see from the trade details, my income for the day was shown in the Gray highlighted column. Wasn't my best trading day, as I was having the mix feeling of trading personally and trading professionally. However, towards the end of the trading session, I manage to pull through with the right mindsets.

Friends interested to invest in FED INVESTMENTS PTE LTD, do drop me an email. I am offering a minimum 8% return and your capital is protected.

Singapore 46th National Day

2011-08-09T23:43:00.000+08:00

Happy 46th Birthday Singapore!!!

The National Day Parade had been great, I watched the whole show on TV at home. And decided to pack and re-arranged my room after the show. Just have the momentum to do that, also dunno why... Kinda xin yue lai chao, haha...

Anyway, been trading for awhile since I last blogged, but seriously speaking I haven't been constantly trading as I had been really busy. However I had start trading again recently and with new principle I set for myself. My target is to grow my account 5% every month.

If I am consistent in doing that, most probably I will have the confident to set up my own investment company and find shareholders for fund to trade and make a profit for them.

So far so good, I am doing well, wish me luck and wait for the good news. ;p

Yet another week had past...

2011-06-11T23:47:00.001+08:00

Time sure past in a flash when you are busy and have alot to do...

After a busy week, I went to watch KungFu Panda 2 and Pirates of the Caribbean on Stranger Tides. The shows doesn't come easy actually... I went to Orchard Cineleisure and it was full as well as sold out for the shows that I wanted to watch, so I had to walk to The Cathay and the next timing show was also sold out. Nevertheless, decided to queue for the next show, which mean I can only catch one show. Finally during my turn, I was told that there are still scattered seat available so I took it up, anyway I'm alone as usual. So, it was KungFu Panda 2 first, followed by Pirates of the Caribbean 4...

Enjoyed both shows and took a cab home after midnight... Had a good sleep and wake up earlier on Sunday to attend Noreen's Wedding at The Capella in Sentosa. Did not manage to catch Grace in advance and had to make my way to Sentosa, by cab because I was still late ;p

Enjoy the wedding lunch with the company of Grace and Edwin, been a while since I met the two of them. The lime light of the day, Noreen, I am very happy for her knowing that she had found that Mr Right in her life. Took a few pictures together and had her solo shot to track how long she will stay that slim... haha... She was slim when I knew her lah actually... just that during the period when we did not really contact she other, her 身材 really 走了样 hehe... and imagine when I met her just few weeks ago, she was still.... and now...

The following week was again hectic and in fact many unpleasant things happened too. I lost my temper, showed attitude and many many unpleasant things... All because of the stress and the hectic at work plus matters at heart. I could had handled all those stress well, but judgement was clouded because of matters at heart, as was told to me by my friend, I will not be naming him here so as not to complicate matters, just in case.

I was glad to have him telling me what he had told me and also the extra sharing of my bazhi... I learned alot about myself as well as what I need to do. Nevertheless, all those sharing still did not stop me from wondering and thinking in the night. However, it put it to myself that that was going to be the last night of insomnia or at least late night. It took me some courage and I wrote an email to the party involved asking for her understanding and forgiveness. I hope for a reply but till now did not receive any, but it's okay as I felt better and things are also better then last week.

Though I still feel the burning pain in me sometime, I tried not to be bothered by it and also learnt to be slightly opened about it. In that week, I also took the bold steps towards being smoke free. Having know that I am not going to succeed by myself, I decided to call QuitLine for help. I am determined and taking progressive to quit my smoking. Target had been set and put in place, execution had been enforced as well, now I just need to stick to plan and carry it out religiously to ensure it success.

Of course, I will also need alot of support from friends and love ones. Most importantly, the best support will be from you. I dun think she will be so free to drop by here but if she does, please let her know that she will give me the best support not only in quitting smoking but in all things...

Gambate!!!

14 May 2011 - What a rare saturday!

2011-05-14T21:54:00.001+08:00

Saturday 14th May 2011, a very rare saturday for me since it was only 3 hours of work and spend sometime with groups of friends / colleagues. Anyway before I continues with my saturday, I shall start with Friday the 13th...

Interestingly, while recalling the events for put into this entry, I realized that first time ever did I felt this way. I am not superstitious, it's just coincidental and most probably I can get to blame it on the day itself - Friday the 13th.

I got home from work on thursday night, reaching home at about 1am, meaning it's already Friday the 13th morning. I realized that I had left my keys in office and had to call to wake up my family to open the door for me. What a way to start this Friday the 13th! As usual, I did not wake up on time the following morning and had to get a cab to work. Best of all, I had my biggest lose of the week, giving back all my profit made the past trading week to the market. Now I have to start from scratch again. :(

So is it really because it's Friday the 13th?

Nevertheless, I had a great saturday having to work only 3 works and get to catch a movie at The Cathay with FDO, YIN and VAN. After tidying the office, we took a train to The Cathay and meet up with YIN before proceeding for our lunch at Popeyes and watched the movie Priest.

The movie wasn't really fantastic, maybe our expectation was too high. After the movie, we went to Plaza Singapura Swensen's for ice cream before parting our way home. I went to Sengkang - Jalan Kayu to meet up with Ronghui, Yingshun, Petrina, Edwin, Desmond and his wife for dinner. Mikaela was the only kid and I took a few photo of her, an usual thing I do whenever I meet up with them. Looking at the photo, you really see how fast they grow up and also realize how fast time has flies pass.

After the dinner and drinks, went home and I ended a great saturday. Having a good ends to this rare day, let me add on another piece of good new. After having working so hard for the past year and seeing the company growing and finally expanding, I am also finally getting offered for a regular employment with basic salary. After having almost a year of hourly rated, but I kinda like this way of rewards, you are being paid for what you worked for and I get to maximize my salary as well, haha... Anyway it's a good offer and I am happy with what I am doing, of course I am also planning of something and hopefully being able to put it into execution soon. Also not forgetting, I am trying hard cutting down on the number of cigarette I am smoking each day and hopefully totally quit by the end of the year. I am not forcing myself as I know cold turkey is not going to work for me anymore, hence will have to do it the right way and slowly get it out of my system.

Trading as a profession / asset class

2011-05-02T00:31:00.000+08:00

What so great about trading FX as a profession / asset class? Apart from being able to earn quite a bit, of course it have to do with my passion. I have a great passion in FX trading ever since I started. Taking up a course with FX1 Academy and thinking that with what they taught in one full days would make me trade and earn money was naive. Nevertheless, the exposure and opportunity that was created had gave me great insight and eventually something I build on for my future. I chance upon the trainee dealer program by Six Capital PTE LTD a year ago and after attending their talk, I see a different light on trading FX professionally.

How many such chances do we have to learn this skill side by side with someone who was a Chief Dealer with big banks before?

Many had the wrong idea of trading FX for a profit, such as letting your profit runs cutting your losses fast, using indicators... Not that all these sayings are wrong, but the fact that traders don't write and writer don't trade does tell me that we cannot believe everything we read from books or net.

Taking small and consistent profit is very much the key to success in FX trading. Pick this skill of SPOT FX trading and use the profit take intraday position and strategy position will help you make hugh amount of money. I had not been focusing on my SPOT trading but currently experiencing strategy position and learning intraday position taking. Following the strategy had help me make good profit and grew my account equity quite a bit.

Having to explain why one should be a professional trader is difficult, maybe I am just not a good writer, have language problem, does not know how to put them into words. But I guess the key motivating factor now seem to be the amount of money I can earn by trading not just my own money but other people money as well. And it is by trading other people money that will help you to make the most money.

First Blog Entry of 2011 - Run 350 & Movie Marathon

2011-05-01T16:58:00.000+08:00

Wow!!! It's almost 5 months since I last posted an entry here... Obviously I had been busy or rather lazy, busy working on my resolution set out to be accomplished in 2011, lazy for having worked so hard everyday and just want to take a break when not working.

Anyway finally I took up my running shoe and went for a run on Sunday morning in support of a Green Project by Singapore, Run 350.

Woke up and took a ride with Yingshun, Ronghui and Youxing to the starting point. Parked at market street and took a walk over to the starting area, marina promenade.

Getting ready for the run...

We had past our flag off time and many were already getting ready for the next category to be flagged off. We continued on to the starting point and race off... The run route was good as I get to pass by places I had not been to yet, MBS and the link bridge linking MBS and Marina Square...

Link Bridge

Singapore Flyer & F1 pit stop building

Marina Bay Sands

All in all, I completed the 10km run in 1 hour 15 mins thereabout. Quite an accomplishment actually, taking into consideration that I haven't been working out for a good few months... After the run, we took a ride to Joo Chiat for our breakfast before returning home.

Taking a breather

Race Bib & Medal

=====================================================

Been a long time since I watched a movie, and once I started, I just can't have enough of it haha... The first movie I watched was the World invasion, Battle LA, good action movie. Last night I went over to The Cathay after work and watched THOR in 3D. The movie was great and having it in 3D is really fantastic. After the movie, it was still early and I decided to watch Arthur. It wasn't as good as expected, yes it was funny but I think the storyline was a bit rushed at the back probably due to time limitation.

More movies coming up... Pirates... Fast & Furious... Kungfu Panda 2... many mores!!!

2010 Reflection & 2011 Resolution

2010-12-20T18:43:00.001+08:00

The end-of-the-year is coming again at a blink of an eyes.

Time to do some reflection and set goals & resolution for the year ahead...

What had I accomplished in the year 2010? NOTHING!!! OMG, seriously speaking, I had not really accomplished anything for the past one year, apart from setting the ground for my "future". Good and bad, depending on which angle you are looking at. I am no longer as young as before and having to build and set my footing again at this age hadn't been an easy task. Nevertheless, I had to stand firm and keep moving ahead so as not to fall too far behind.

With what I am currently involved in and working on, I am quite happy and optimistic. I just hope all is not just a dream. Remembered "DARE TO DREAM", but please be realistic and set goals that are reachable but also scalable. I am seeing the expansion of my company coming true and hopefully I will also get to expand on my capacity and of course get a better pay check every month. And this is going to take quite some time to build and I cannot just sit and wait for it to happen. I was told to keep an open mind for other opportunities, and my reply had always been "okay". And I dunno whether it is right or wrong, good or bad, maybe if I become what I want to be is right & good, but if I do not then it wrong and bad. Wouldn't that be too late then? I have no comments, all I know is I am following my heart and having hope that I had the right judgement and insight. It's a bet no doubt!

What's in for 2011? At the end of the year 2011, I am going to come back to this blog entry and take a note of what I had resolute and whether I had accomplished them. In order of priority,

1. Expand with my current company and continue grow with it.
My company is going through expansion and I am more then ready to grow with it and of course get promoted and have a bigger pay check. Contribute my best effort and of course to benefit myself in term of character building and skill enhancement.

2. Produce better trading result.
Not necessarily need to produce result that are meeting the benchmark set for employee traders, but more for myself. Of course meeting the benchmark constantly and getting employed as a contracted trader would be a dream come true, but I rather take it one step at a time. I just want to be profitable every month consistently and constantly. Increase my confident in myself in trading and to be able to trade larger volume, hopefully the profit gain could supplement my income SLIGHTLY. Just how slightly is good enough? Most probably to afford an extremely good meal would be great!

3. Become debt free or at least cut them by half.
With what I am getting every month currently, it sound like a mission impossible to me to accomplish this resolution I set for myself. But with my search for extra income stream apart from my "full time job", I am quite sure I would be able to make it or at least reducing it to half the sum now. If I manage to cut it by half, I would have been extremely delighted and pleased with myself.

Imagine, in simple calculation, which all banks or institutions will used, it would be taking me more than ten years to clear my debt. Hence if I am able to clear it by half, shouldn't I be extremely pleased with myself? Of course, hard work and effort come with it, and if I make it, I am very sure many people is going to ask me of my success methodology. Before I reveal it, I think it's only right and ethical to test it out myself first. Once I get the result and start to reduce my debt month-by-month, week-by-week, day-by-day, then it's time to share my success with all my friends and eventually all that are in need!

Resolution for the new year (2011) hadn't changed much compared to this year (2010). I had spend half the year (2010) searching myself and understanding what I had really wanted deep in me. In fact, what you really wanted had always been inside you, but we always fail to see it clearly until we do some serious soul-searching. Now that I had found it, I told myself not to give up, no matter how hard the path ahead is going to be. Of course there will be challenges that will set you back so as to make you give up, but as long as WE PERSEVERE, SUCCESS WILL BE OURS!!!

Never know that my secondary education motto will come back and haunt me for a GOOD PURPOSE, and I thought I learnt good experience when I was in the RSN, coming out of regular service with DARE TO DREAM!

In summary, it's...

DARE TO DREAM

AND

SUCCESS THROUGH PERSEVERANCE

THAT WE FULFILL AND LIVE OUR DREAMS!!!

Trading Result for December (1-9 Dec 2010)

2010-12-10T02:34:00.005+08:00

It had really been awhile since I update my blog with my trading result, especially so after I joined Six Capital as a Trainee Dealer. Sad to say, I had yet to meet the benchmark to be hired by the company, but as many who know, I am currently employed as their Executive Officer looking after their trading operation and some Administrative task. I enjoyed myself doing all the task I am put in-charge and also at the same time making progress in my trading skill. I never thought I was a slow learner, but when it come to trading, I really have to admit that I am not only a slow learner but an extremely slow learner, haha...

Nevertheless, no matter how slow l am, I still see progression in my trading and that matter MOST! I am improving... From trading DEMO with daily losses to LIVE trading with still daily losses, until now I am seeing more profitable days and they are consecutively.

This show my accumulated result for the month of Dec 2010 from 1st till 9th

And these are my daily result... (the two empty lines are weekends)

Seriously, nothing really fantastic here but it's just an encouragement for myself that I am progressing slowly but moving forward toward being a professional trader.

I had these thoughts before on if I do not make the mark but a long time, what would I do? I had make plans for myself and I will discuss about this in another entry. I am also currently trying what something to supplement as my secondary income. Many will say I am crazy when they find out what it is, and nope, I am not revealing until I made my success...

"Success through Perseverance"

Mey reminded me Bedok Town Secondary School motto, dunno whether I had remembered it correctly haha... but should be correct no doubt, even if it's not, shouldn't be too far off.

Compared to months ago, I am definitely better off now seeing the light at the end of the tunnel and walking and moving towards it. I am very sure one day I will reach the end of the tunnel and be embrace by the warm light over the other end.... ;p

FOUR Levels of Wealth

2010-11-29T02:47:00.001+08:00

There are basically four levels of wealth you must aim to attain.

Level 1: Financial Stability
The first level of wealth is known as financial stability. This is the most basic level of wealth that you must first attain. You have achieved Financial Stability when:

1. You have accumulated enough liquid assets to cover your current expenses for a minimum of six months.
2. In addition, you have life and hospitalization insurance to protect you and/or your family's lifestyle should you be permanently disabled, unable to work or if you pass away suddenly.

When you have attained this first level, you will have the peace of mind that should any unexpected challenges befall you (like retrenchment, business failure, pay cut, death or disability), you and your family's lifestyle will not be compromised. Or worse, you or your family will not slide into debt.Once you have achieved this, you must then aim to achieve...

Level 2: Financial Security
You have achieved Financial Security when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to cover your MOST BASIC expenses.

In other words, when you reach this level, you can stop working and maintain a very basic lifestyle. It also means that if you continue working, all your active income can be channeled towards your investments and this will further compound your assets and increase your in-come streams.

Of course, we shouldn't be satisfied at being at this level. Once accomplished, you must then aim to go for...

Level 3: Financial Freedom
Many of us have heard of the dream of achieving financial freedom but what does it really mean?

Well, Financial Freedom is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your CURRENT LIFESTYLE.

When you reach this level of Financial Freedom, you can choose to stop working and still maintain your current standard of living...indefinitely! Finally, you must aim to achieve...

Level 4: Financial Abundance
So what is the ultimate level of wealth you can achieve?

Financial Abundance is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your DESIRED LIFESTYLE. Your desired lifestyle is the amount of monthly expenses it will take for you to live the life of your dreams. This is totally subjective depending on the lifestyle that you desire.

If your desired lifestyle is to live in a 20,000 square-feet bungalow with a swimming pool, send your kids to the best schools and drive a Mercedes Benz S-Class, then you could be looking at a monthly lifestyle that'll cost a cool $50,000.

Of course the more luxurious your desired lifestyle, the longer it will take for you to achieve financial abundance. The moment you reach the level of Financial Abundance, you will be able to choose to stop working and live your dream lifestyle indefinitely.

Again, most people who do reach this level usually love what they do so much that they keep on working for fun, channeling 100% of their active income towards charitable causes and further compounding their wealth.

With the right strategies and plans in place, you too will be able to achieve this ultimate level of wealth.

Improving your Trading Game

2010-11-11T16:37:00.000+08:00

Someone left a comment for me asking where I had been and been so quiet for such a long time. Oh well I had been trading and training hard trying to attain my goals. It had been a journey filled with challenges. Nevertheless, came across this articles in TFJ recently and find it may be useful for those out there reading my blog.

Issues to consider when improving your game.

1. The effect on important others in your life
2. Your resources
3. Trade-offs
4. Where to make those changes

Potential areas in which you can improve your game.

1. Knowledge of the markets and learning technical skills
2. Psychological skills
3. Adding or deleting strategies
4. Adding or deleting market
5. Changing your level of risk
6. Changing trading time commitment

I am in fact developing myself in the (1) and (2) area. It's difficult and full of challenges, but I am pressing on and trying harder everyday to better myself for a brighter future in time to come. ;p

快乐少林 Samsara - The Shaolin Legacy

2010-06-23T13:09:00.000+08:00

Received a SMS from Ruilong on 18 Jun 10 whether I am available on Saturday 19 Jun to watch Samsara - The Shaolin Legacy at The Max Pavilion @ Singapore Expo. He won the free tickets at his workplace when MediaCrop VizPro International when to promote the event. So we arranged to meet for lunch before proceeding to watch the show.

The Tickets

Some of the items on display for sales

Requesting for donation

The stage

The performers - General Heng and General Ha

Overall I felt the show was not really worth the price of the tickets, luckily ours was free ;p

I find the entire show rather dry and in fact seem to be rushing through the story due to the limited time they have. The only creative thing was that the two Generals will come down from stage and interact with the audience during break time.

After the show, Ruilong and me went to SAFYC Changi to look at the Carnival by the Straits. The moment we reached, it started to rain, so I did not take any pictures with my iphone. Had some food from the stalls there and I took the chance to catch up with the staff there, managed to spoke to Gary, Sharon, Sunny, Rose, Alice and Mr Sim. Also managed to catch up with some of the members who were there, such as JJ, James and Victor. We took the transport out and had our dinner at Tampines before heading home.

Three Trading Principles

2010-06-23T12:30:00.000+08:00

Three Trading Principles to aid in your success as a Trader.

Read this articles in June issue of TFJ and the 3 principles that can aid in anticipating and avoiding mistakes are:-

1. Probability
Traders must train themselves to think in terms of probability for three very important reasons:-
a. No one knows 100% whether a trade will be profitable or not.
b. No one knows how much money will be made or lost on a trade.
c. If a trader does not control the profit outcome and does not know with 100% certainty which trade will work, he should spend 100% of his time concentrating on the only element of trading that he can control - the risk.

2. Self-Discipline
Discipline is a two part process:-
a. Preparation - mental preparation, technical preparation, fundamental preparation, etc.
b. Execution - Risk control and profit protection.

3. Responsibility
Adopt the attitude that he is responsible for his trading. The market, the brokers or computers are not responsible - only the trader.

Tips for Active Traders and Investors

2010-06-06T23:28:00.000+08:00

Find this an interesting articles in the May issue of The Forex Journal (TFJ) and decided to write it down in my blog as a reminder to myself as well as for interested reader.

1. Evaluate your trading

Record the results of your trading activities diligently. What is your hit rate, average profit and loss? Be honest with yourself and assess what you did right and what went wrong. What can I learn from this? And most importantly of all - what am I going to do about it and when am I going to do it? For instance, if you discover that you struggle to continue trading during a losing streak, try to learn how to deal with the stress. If that fails, maybe you should consider a system with slightly lower earnings expectations but with a higher hit rate.

2. Do not lose your cool

The moment the market turns tense is the point at which the biggest profits are made - and the biggest losses! It is important that you do not allow yourself to be distracted regardless of the height of the waves. This is precisely the time you should be profiting from fluctuations and not being dragged along with the herd. Make sure you and your trading plan are the one stable factor amidst all the chaos.

3. Make sure you are 'fit'

Trading, especially day trading, is hard work. Make sure that you are not distracted by other matters and that you remain relaxed but alert. For a trader, being fit also means that his technical trading system and his expertise are up-to-date. It is not a good idea to sit and read your order system's manual during a stock market crash.

Placing orders and trading should come as naturally to you as accelerating and braking. Make sure you have an alternative for placing orders if your computer crashes unexpectedly. Put simply, being a fit trader means you can implement your trading plan with confidence and without misgivings. But do not forget, your biggest losses have yet to come!

Trading with Pivot Points

2010-05-26T16:10:00.001+08:00

What are Pivot Points?

A Pivot Point is nothing more than a level or point where market direction changes. Once calculated, Pivot Points can yield some important support and resistance levels to work off of. So think of Pivot Points as markers on a map or markers on a chart. In the case of FOREX Trading, they can be viewed as points of interest that you can use to trade from or as potential future trading opportunities.

Pivot Point Calculation

Pivot Point = (Daily High + Daily Close + Daily Low) / 3

Support 1 = 2 * Pivot Point - Daily High
Resistance 1 = 2 * Pivot Point - Daily Low

Support 2 = Pivot Point - (Resistance 1 - Support 1)
Resistance 2 = Pivot Point + (Resistance 1 - Support 1)

Pivot Point Trading Strategy

One of the easiest trading strategies is simply to see what the day may look like right at the open. If the market opens above your calculated Pivot Point, you will want to buy. On the flip side if the market opens below the Pivot Point, you will want to sell. You will remain a buyer / seller as long as the market stays above / below the Pivot Point. This is the most basic level of Pivot Point trading.

There are more strategies and methods involving trading with Pivot Point and can be easily found when you do a search on the internet.

Triangles...

2010-05-22T13:00:00.001+08:00

ASCENDING TRIANGLE

Ascending Triangles is a bullish continuation pattern that is shaped like a right triangle consisting of two or more equal highs forming a horizontal line at the top.

DESCENDING TRIANGLE

Descending Triangles is a bearish continuation pattern indicating distribution consisting of two or more comparable lows forming a horizontal line at the bottom. Descending triangles are bearish patterns that indicate distribution. The definitive bearish signal of a descending triangle is when support on the lower rung of the triangle is broken.

SYMMETRICAL TRIANGLE

Also referred to as a coil, usually forms during a trend as a continuation pattern. It contains at least two lower highs and two higher lows. At the time these points are conjoined, the lines converge as they are extended and the symmetrical triangle takes shape. One can also think of it as a contracting wedge, wide at the beginning and narrowing over time.

EXTENDING TRIANGLE

Extending triangle does not occur frequently and is likely to be detected at tops and bottoms after lengthy price moves. Again a minimum of two tracking points for each trendline is needed before a breakout.

Determined to be a Spot Forex Dealer

2010-05-02T03:50:00.000+08:00

I was told about this opportunity by Ruilong who had seen the advertisement in Straits Times. We sent our resume to the email address and attended the career briefing. Thereafter, I decided to take on the training program and learn to trade forex profitably and earn a rewarding income monthly.

I started the training program since 5 Apr 2010 and is presently going through nothing else but trading sessions, just like what the advertisement had said, Training in Forex Trading is in the Trading itself. I have yet to reach the stage where I am profitable, but I am determined to be one day. I also want to become one of the proprietary forex dealer for the company to trade for institutions.

For now, I am just going to concentrate and stay focus on my trading to be profitable. ;p

FOREX end-of-week update (29 Mar - 2 Apr 10)

2010-04-06T21:57:00.000+08:00

Yet another week of negative gradient, time to stop trading LIVE and back to DEMO. Anyway started the training program with Six Capital and should slowed down my trading frequency on this account.

Learning the six mindsets and the six steps in Spot FX trading. Will be going through one week of lectures followed by five weeks of supervised DEMO trading before starting supervised LIVE trading for 18 weeks. I should be able to trade profitably by the end of this 18 weeks. ;p

Trade of the Day 31 Mar 2010

2010-04-01T05:39:00.003+08:00

Trade of the day 31 Mar 2010 - LONG EURUSD
Price break previous swing point (high) @ ~ 1.3428-1.3430, hence took a trade with protective stop at 1.3390. Subsequently moved my SL to secure profit at 1.3500, trade still in progress. ;p

Price rise progressively before 8:00am, Sydney opening, but got rejected near resistance 1.3570 area and falls...

FOREX end-of-week update (22-26 Mar 10)

2010-03-28T05:21:00.000+08:00

FOREX end-of-week update (15-19 Mar 10)

2010-03-22T09:20:00.000+08:00

Another week of negative result, this is pretty discouraging seriously. Nevertheless, after a week of tracking and tracing my each and every trade, I realised that I should have been profiting. The reason for the loses, I would think is due to my risk-reward ratio or rather take profit. I will be trying out a new plan, basically to take profit fast and have a Stop Lose not more than the risked percentage. Currently I had been trading with SL but no TP set. I will be setting TP at risk-reward ratio 1:1 this week. When I am monitoring my trade, I would basically take profit at 5 pips, depending on the price action of course. If the movement is strong I can afford to wait if not then 5 pips is more than enough. A few more trades of 5 pips each could amount to hugh amount too.

Still not giving up... ;p