Time off from Poker

Have been taking a break from poker and playing some online games with my friends recently. Still did played about 45 minutes at NL50 on Tuesday and was up over 50 bucks. Still can't find the drive to play longer than I would have preferred.

On a sidenote, I sold my telcom stocks that I have bought back in January for about $700 profit excluding the $400 dividends that I received recently. Will update my portfolio here when time permits.

Crushed at NL200

Hands got kinda itchy and decided to move up to NL200 and lost about $400. The play is definitely much intense there. Should have considered myself lucky that i did not lose more.

I should probably stick to nL50 and 100 for the time being since I am doing good there. Well there is always a saying, better luck next time!

Trading vs Poker

Kind of outdated but still decided to share this comparison from tradimo. Do spend some time reading down as the findings are very interesting.

Wish I could be like one of them since I do trading too. :)

Poker vs trading infographic via tradimo.com

Poker Week in Review

Have just been gaming and playing online 6 handed poker for the past 1 week. Can't complain much so far as there were minimum bad beats on my tables except losing AA to a QQ. Flop came with 2 big Qs, giving my opponent a 4 of a kind :(. Was down as much as $150 at start before swinging up again. To be honest, the poker room I am currently at now is far more softer than Pokerstars. I do miss PS's SNGs though!

Here's my graph for the last 1 week. I am not the kind of player that can consistently sit infront of the computer for a few hours each day, hence my hands played are considered low. I am currently only comfortable with playing max 4 tables to keep my concentration level high. Less volume with frequent breaks and getting out once I reach my target ($). I decided to try out Poker Tracker since I just changed my com.

Reaching VIP Silver in Skrill Moneybookers

Been awhile since I updated this blog.

I had been doing some sports "trading" since early Feb and the returns I had were amazing.

At peak, I had almost $16,100 profits but in the end had to settle for $10,800. I don't have the graphs to prove but I see no reason to lie about the figures either. Attached is my skrill limits and I have officially attain VIP status. In case you guys didn't know, silver VIP in Skrill is only attainable if you have $45,000 worth of transaction within a 3 months period. Good news is that there are no more deposit and withdrawal charges for me! Anyway, I had set myself the target of 10k profits before world cup ended and didn't expect to hit it that fast. At least I can indulge now in the upcoming World Cup, without having to cope with the mental stress of losing.

My total outgoing including withdrawals back to my bank have surpassed $70k since start of February

On a sidenote, Mother's Day just passed and I thought it was probably a good time to get my mom and wife the ipad mini with retina display. Mom's been using her ipad 3 for a good 2 years now and complains about the weight of the ipad whenever she goes out.

Another good reason to get my wife the ipad mini (she also has the ipad 3) is that now my son would be able to watch shows when we are out for our meals! I really didn't want my boy to familiarise himself with technology that quick since he is only 14 months old but he is really way too cheeky, or rather naughty to sit still when we are out!

Will slowly update more when I have the time. its 3am now, about 5 hours left before I wake up for work.... :(

Interestingly, The Biggest Gamblers in the world come from...

A pretty good read from The Economist Online. Quite surprised that Australians are so into gambling.
Singaporeans....needless to say....got chance to gamble...we sure gamble! (at least for the majority).

Source: http://www.economist.com/blogs/graphicdetail/2014/02/daily-chart-0

SATS 3QFY14 Results

So SATS stock price plunged upon their results:

3QFY14 net profit missed estimates, being 8.7% y/y lower at $42.9m, while topline was shaved by 1.1% to $465.5m. Revenue from Gateway Services increased 4.3% to $173.3m, offset by Food Solutions which contributions dropped 3.9% to $291.1m in light of the weakening Yen. Japanese subsidiary TFK revenue fell 18%, but excluding yen business, yen revenue grew and TFK was profitable. In particular, in flight catering revenue fell 4.6% on loss of income from Qantas. Expenses were lower overall, while share of associate?s profits was 7.4% higher at $0.9m, supported by good performances in China/ Indonesia. Management guided that operating landscape remains challenging in view of ongoing pressure on airlines? profitability and rising labour costs, and expects modest growth at Changi Airport coupled by marginal growth in airfreight at best. That said, CS is optimistic towards SATS? medium to long term outlook driven by new growing businesses and Changi airport expansion. Deutsche says under its blue sky scenario (no M& A and gradual increase of leverage over 5 years, also factoring in transformation capex), it expects SATS dividend yield to potentially double from current 4-5%. SATS closed yesterday at 21x annualized 3Q13 P/E. NAV at end Dec was $1.224. No dividend declared in the quarter. Latest broker ratings: CS: Downgrades to Neutral from O/PF, with TP cut to $3.35 (from $3.70) Deutsche: Maintains Buy, but with TP cut to $3.43 (from $3.51) UOBKH: Maintains Hold with lower TP of $3.08 (from $3.24)

Still believe in the potential in SATS to grow for the next few years. No dividends declared is a disappointment though.

EURUSD Daily Bears Movement ?

Seems like there is a downtrend forming on the EUR USD daily charts. Entered sell order at 1.3667 and this could turn out to be a long hold for this week. Price is still unable to break through 1.3655.  First day of the week is usually quiet, hopefully, the bears will come out to feast when the time is ripe! raWr!

Peace out and may the pips be with all this week.

Update: Was up 30 pips before it went back to the same price I sold. Grrrhmph!

Update 2: Close my shorts at 1.3587 for 55 pips. My sentiment is still short.

Week in Review Episode 1

Here's some updates on my current trading for the week.

Straits Times Index

I have added 25 lots of Charisma Energy @ $0.073 (last close S0.07).

All my counters are in the red except M1. Seems like a good time to add Keppel Corp but i am still contemplating due to the cash that I need to fork out.

Forex

As I currently only sleep with the EUR/USD (lol), i had 6 trades on the pair this week resulting in 42 pips profit. This equates to about 11.68% profit for this week! A very bad mistake that I made was leaving the stop loss too close to where i bought the EUR which resulted in myself missing the train spike north. Bad call!

Hopefully, next week will be even better!

Happy Chinese New Year

Heres wishing everyone a Happy Chinese New Year and a good trading year ahead.

On a sidenote, I have closed my short EURUSD for 50 pips profit and may start reloading longs again.

Cheers

Forex & SGX Updates

I have decided to close my long EURUSD for a profit of 2 pips at 1.3672 and now the pair is trading at 1.3650/60x area. Kind of pathetic but we just can't force the market to move if it ain't moving. Now let's see what Obama will be speaking on later. Will add longs later when the pair retrace.

The GBPUSD pair is looking good for a down trend but I am still watching it.

Some updates on the SGX. Added 25 lots of Charisma Energy today at $0.073. Market closes at $0.07. In fact I was actually queuing for this counter at $0.07 yesterday but it expired. I believe there is a potential for this stock to move higher.

Gona play some poker now on my ipad.

Peace out!

Long EUR USD

Just opened a long on the EURUSD at 1.3671.  I have my support at 1.362x which is also my stop loss. Hoping to look for a clean move north somewhere on Wednesday or Thursday above the 1.38x area.

Chinese New Year is coming and so is the Euro angpow hahaha. No choice as I need to give red packet too.

Trade with care everyone!

Stocks Update

Added another counter to my portfolio. Bought 3 lots of SATS (Singapore Airport Terminal Services) ! I strongly believe that with the arrival of terminal 4 airport in Singapore, it is definitely a good time to buy now although it would be much better if I had came on board earlier.

So my current portfolio as below:

Stock	No. of Lots
OCBC Bk	1
SembMar	1
M1	3
SATS	3

I am not sure if I will be adding SIA Engg to my existing counters that I have as the price is kinda steep now. Maybe when it goes down below $5. Plus I don't wish to own so many aviation stocks either.

Kep Corp is another counter which I am keeping close tabs on and if price drops further, I will certainly buy some as the dividend payout of $0.30 cents is quite good.

Euro Update

Closed my long EuroUsd far too early today at 1.36 for 45 pips gain. Gosh the price went up to 1.3645. The Euro looks to be trending north but I have open a Short (with a tight SL) for the correction to 1.36x area before adding longs.

Cheers.

Pleasant Dividends Surprise from M1

M1 Special Dividends Day!

A whatsapp message came to my mobile yesterday from my friend Ah Pang. He knew that I had bought M1 shares recently and shown me a screenshot announcement from M1. I read it and it was indeed sweet.

Guess most of you have already heard about it. Barely 2 weeks after I bought the M1 stocks, they yesterday announced a special dividend payout of 71 cents this year, on top of the final dividend payout! That would mean a 4.3% yield from the amount that I paid for.

Not bad for a start! But now I have to treat Ah Pang as he is asking for it.

Research is King. Luck will always be Luck.

My First Stocks

Woo hooo I can trade stocks now. Been doing so much reading on stocks that I have neglected my FX time. Doesn't matter since I usually only spend about an hour at it everyday.

Added 3 stocks to my portfolio:-
1. OCBC Bk (1 lot)
2. SembMar (1 lot)
3. M1 (3 lots)

I have always wanted to own shares in a telcom company and after doing some research, M1 certainly has the potential to grow among the 3 telcoms in Singapore. Besides, it is the cheapest to buy too haha! The rest was based on my mom's recommendations. She is pretty strong in picking stocks so I'm just trading with confidence for OCBC and SembMar. Hopefully I can see their price move North this year!

I will be looking to add more counters in the near future.

The next step is try adding some aviation stocks to my portfolio at a later date and so far I have shortlisted 3 companies - SATS, SIA Engg and ST Engg. Still feel they are pretty pricey at the moment and price may have a chance to drop further. Besides i haven't read much on each of the individual companies yet or seen the charts.

Research is King!