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!