Hmmm I just made a last ditch attempt to save my equity figure by buying Brent Oil at 56.9 and selling at about 58. I could have made 11,130. But, I made about 8,000. Sold too late I suppose? But the general idea was right. As for my other oil position, it's still not going anywhere, down ~4000. EUROSTOXX is down as well, annoyingly. I couldn't get rid of it in the last few days with 1000+ profit, because Trading 212 suspended trading ! Now it's -1,800 -.- Nvm, I can just hold it until it turns green. Finally my Gold position had some success. By now, it rise in Gold is not accurately reflected in my position because I bought too late. Silver- still bad. I just hope that by 20 Jan, my Oil position will be positive.

I have some new positions: Cofee and German 30. Something strange: It went up within the first minute, like at least 30+ green. Now they're down, 180+ red :|

Ok, I am now back to a higher equity figure of 22,600+, which is much better than 15,000 I started out with this morning. Could have been higher like 27,000. But, I wouldn't depend on such 'large' bets like 10000 of Oil. I prefer holding 5 positions with 500+ each. I get more satisfaction that way.

A matte blue Audi RS 5 spotted near Flamingo. CCB 5 I think. O_O That's what 0-100 in 4.2 looks like. Nice exhaust sound too.

Day trading

Day trading from my experience:

1.Close positions when profit is sizeable. Waiting for higher profits doesn't work most of the time (short time span)

2. Close  'losing' trades.

3. Made huge bets but failed.

4. Getting the timing right is the most important. Unfortunately, I do not do this full time and can't wait longer to enter a trade. 

5.Knowing the momentum of a trend might be helpful in determining when to enter a trade.

6.Don't go long when markets are bad (Only do this when you are 70% sure that it is the lowest point ) Eg- Gold/Silver/Oil Last week's scenario. 

7.Some instruments have a 'fixed/regular' pattern. Use it to your advantage. When it goes down, changes direction and up again. Simple.

8. Volatility is good if you are fast enough.

9. Turning 10,000 into 20,000 was no walk in the park. It was like 10,000 →6000 →12,000 →12,300 →12,400 →13500 →14687 →24,000 →22,000 →21,500 →20,000 →19,500 →17,800 →18,600 →19100. Now the real challenge is consistent performance. I hope to make it 30,000 someday. I suspect it is going to be more difficult. The last few days: I wasn't doing much, jut holding and testing some ideas/concepts. I didn't invest 100% of funds, maybe 10% most of the time, sometimes 50%. 


I don't know why, but I had quite good trades last month. ( From just a selection of Gold, Silver, Oil, EUR/USD, etc,...) My strategy then was: buying and selling very frequently and I rarely held position for more than 2 days. Of course, there was no danger of your positions turning bad overnight because I closed most positions, unless they were intentionally left open.

Unfortunately No. 1 always happens to me. The position always becomes more negative.


Some 'mistakes':

I bought 1500 of TSCO at 1.9045 about 2 week ago, before the sharp drop. Ok the figure looked bad: -500+ Now, it's -92. 

As for stocks like GS,AAPL, MCD, same thing happened. They were negative for a while before becoming profitable now. I also picked up in the last few days EUSTOX50 which was doing well. 
I bought Gold and Silver at the worst timing possible. It's now -1100 in total.
Just when I thought Oil 20Jan 2015 couldn't go further, it did. -1412 there. I'm confident that it will rebound by 20 Jan. ' Hopefully'

I shorted EUR/RUB, at that time where it was about 80. Quite good.



Whatever trading style suits you. The professionals advise retail traders not to use too much leverage. 100:1 is too high, maybe 10 max. Well, if you like the leverage, go for it. I don't think any trading style is better, as long as you have consistent returns.  


At my highest equity figure, it was about 24,000. Now it's about 19000, owing to the various mistakes ( on impulse) along the way. 22400 was the figure that was realised-mainly due to making a huge bet on oil that week where there was a sudden surge. I thought I was going to empty the account within 5 days, but it didn't happen. (All this done on Trading 212 mobile app-no fancy technical analysis) I admit, you do feel the gain, even though it is just a practice account. It is also rather (unnecessarily)worrying if you lose.

You might think, if  can  get good returns on 10,000 invested, I should be able to do the same if I had a much higher capital like 200,000....theoretically. The only problem is the leverage when it goes wrong. Start your own fund and get a decent return of 30% per annum- not too bad. People are not expecting quintuple returns in a single year. For example, industry average: 25% Your fund: 500%.

Not surprisingly, most people study Acc&Fin so that they can 'earn a lot of money'. Aspiration: do something that earns a lot of money/start a business.That's what most said in the prof skills tutorial. I hope this is not too time consuming, like what happened last year during Management group work- my reading week was gone because of group work. The school thinks this module is helpful; I can't say anything about it.

I don't know why, but the lecturers like to say their module is 'difficult', even in tutorial groups.

The Financial Economics module in second year looks very good on paper. I can't say that I can cope with that.
Content like: Capital Asset Pricing Model, Stochastic Asset Models, utility theory, etc Amazing.
Of course, those in Actuarial Science are in a different league.

I sit in my first Introduction to Financial Accounting lecture. The first few lines the lecturer said implied that this module is difficult. Something along the lines of 16% failed the first time last year.
I really do not know what to expect.  The class test could be a problem. I don't really like class tests. People said first year in A&F is no problem, but the course director says otherwise.

Wait... If first year intro to F.Acc is difficult, second year will be very difficult, third year will be impossibly hard.

Well, it cannot be more difficult than UCL's Economics. So much respect for those in that course...
There is no way City's second year Financial Econometrics can be any more difficult than UCL's Quantitative Economics and Econometrics for second year. I tried looking at some books in that UCL library about Econometrics, near the stairs. The Statistics involved is mind blowing.

Finally in second year, there is the derivatives. Yes, I can finally learn about the Black Scholes Model and the greeks. 






I went for the Banking, Finance and Consultancy fair. It was a chaos. I spoke to some some employees of various companies. Some of them seem to be very enthusiastic about their jobs: Tax, Audit, Advisory, etc

Convertible tablet

I'm looking for a convertible tablet.
Requirements:
USB port on tablet
Pen/digitizer (built in preferably)
Ethernet (RJ 45) port (on keyboard dock)
Extra battery in dock
HDMI/VGA output
SD card reader

So far, the Fujitsu Stylistic Q702 matches. It's good (and expensive), but it doesn't come with full HD 1080p resolution screen like the SAMSUNG ATIV Tab 7, which is quite good. It's just missing the RJ 45 port and extra battery.

Porsche

Wow there are quite a few Porsches in town.

This white Cayenne S had the letters(stickers) along the edge of the front doors. A while later there was a yellow Cayman having the same detail. Some time later I saw a black Panamera .... hahaha Too common.

I never knew the Cayenne is about the same price as an X5. (which explains its popularity) I don't understand why people buy the X6. It's not for off-road at all.

Purple Audi R8

This purple Audi R8. I think its QAR 7. The sound is ok, not the high pitched one. Overtake on the left then right. Reminds me of the Shmee 150 Purple R8 Spyder.

Euro plates

So, since when did Euro-style license plates become popular? There are definitely more of such plates in Malaysia and in Singapore. In Malaysia, I have seen 'D' on a VW GTI and BMW. Well, all sorts of (non-conventional) letters can be found below the 12 stars:MY, MAL, KUL, KL, J, JPN, SG, SGP... whatever. Interestingly, they all have black plates.

Japanese cars like to have 'J' europlates.

A quick search and I found a company that does such plates: pickplate.com.my

It's like saying'Congratulations! Malaysia/Singapore is now part of the EU.' -.-

The best car to put europlates on, in this part of the world, is Aston Martin. The natural right hand drive version, especially when it can be done legally in Singapore(Yellow at the back, White in front)


Today, I saw a BMW with an M5 badge, but it's just any ordinary BMW. Well, why bother.
I also saw an Audi A6...hybrid.
On Saturday, I saw a BMW M3. I think it's real. (It will be too much work to change the bonnet, the brakes and the bodykit. The entire car was like black. I think frozen black is the word.  Red brake calipers(if I didn't forget) It was in traffic and I didn't hear anything.

I have seen quite a few previous generation M cars with the funny side vents.

I think the BMW M6 GC is quite good, but at 1M, it's really not worth it at all.

Porsche Cayenne seems to be popular, as well as the Audi Q7.

Hah... C63 AMG 6.3 4 door in Malaysia. Quite a few 5 series too... To own a C63 AMG in this part of the world... that's amazing.