tag:blogger.com,1999:blog-8542537863090327723.post8931976321167771055..comments2023-11-02T20:03:23.846+08:00Comments on Risk Management: Another Week of SellingFat88Traderhttp://www.blogger.com/profile/17220174897173156744noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-8542537863090327723.post-87834478530903977532011-03-01T14:51:46.565+08:002011-03-01T14:51:46.565+08:00Unfortunately, I ate the durian last night.Unfortunately, I ate the durian last night.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-82831539160418048372011-03-01T11:40:40.694+08:002011-03-01T11:40:40.694+08:00fantastic story - Bernard Madoff
http://nymag.com...fantastic story - Bernard Madoff<br /><br />http://nymag.com/print/?/news/features/berniemadoff-2011-3/<br /><br />honestly, it is how close his business of early start with my model. it is a weakup call, how dangerious it is to trade with other people's money.<br /><br />and in market making, you do need lots of capital.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-42892048326864951652011-03-01T10:20:21.936+08:002011-03-01T10:20:21.936+08:00no problem, my pleasure. i'm also a sucker of ...no problem, my pleasure. i'm also a sucker of my own class.<br /><br />its true, human pride is the toughtest to tame. i try my best to surpress it but its going to explode inside me, seem like your blog is the victim of it.<br /><br />thanks for your understanding. hope you did keep some of the durian you pick yesterday for today enjoyment.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-21461784366830669732011-03-01T09:51:15.607+08:002011-03-01T09:51:15.607+08:00Oh the $15,000, thank you for contributing to the ...Oh the $15,000, thank you for contributing to the community!Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-11148878911275841992011-03-01T09:07:50.582+08:002011-03-01T09:07:50.582+08:00I like your honest admission that you were down fo...I like your honest admission that you were down for this year, not many will do so.<br /><br />Usually I hear my people bragging on how much they make but very very quiet when they are losing money.<br /><br />Making and losing is part of the game, only hope that we make more and lose lesser.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-80367159793778264972011-03-01T08:39:02.803+08:002011-03-01T08:39:02.803+08:00and u remember i try to joint you at the "Sim...and u remember i try to joint you at the "Simsci pit" few months back and got yum by "you guys" for around $15,000 in 1 trade, haha.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-45231903388904483202011-03-01T01:40:57.334+08:002011-03-01T01:40:57.334+08:00and lastly please don't mistaken that i always...and lastly please don't mistaken that i always make money. in fact this starting year my overall performance is down, together with the market. i'm no exception, i too consider myself an investor.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-8926464308123887012011-03-01T01:31:44.854+08:002011-03-01T01:31:44.854+08:00if there is no reason and the market fall sharply,...if there is no reason and the market fall sharply, i think the market is very weak. <br /><br />i'm still bias on the downside dispite my buying today including 260 lots of Mapletree Ind trust at 1.02 and 1.03. it just look delicious to me.<br /><br />at the high of the market i was net short i think was around 420 lots of suntec reits. it actually makes me nervous but it work out well. without the CFDs i can never did it.<br /><br />my trading is usually small quantities but sometime i just throw a big punch.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-24568060887298006442011-02-28T22:33:27.217+08:002011-02-28T22:33:27.217+08:00Coconut, you are like my sparing partner, feel fre...Coconut, you are like my sparing partner, feel free to express yourself here.<br /><br />After 2 weeks flying without my head, I'm very much more cautious today.<br /><br />Of course I didn't expect the Simsci to be sold off after the market close, managed to pick up some durian with my bare hands, ouch, it's painful but the fruit is sweet.<br /><br />I just don't understand why our stock market is so weak despite the strong Hang Seng and S&P.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-75363745861982779362011-02-28T10:23:05.224+08:002011-02-28T10:23:05.224+08:00it is a time of confusion, myself included. trader...it is a time of confusion, myself included. traders are like fry without their head.<br /><br />if the trend is down, it has a good chance of trend reversing. we will have to wait and see. i will see if i can load up with some cheaper staff just in case i'm right.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-81859942984391014802011-02-28T09:57:07.176+08:002011-02-28T09:57:07.176+08:00i'm not a predictor, its time we really have t...i'm not a predictor, its time we really have to listen to what the market is telling us right now.<br /><br />if one wants to buy, wait for some confirmation first. we are now worry about inflation more than anything else but it can be false alarm.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-47585053421734003132011-02-28T09:31:06.153+08:002011-02-28T09:31:06.153+08:00haha the market action really catch everybody wron...haha the market action really catch everybody wrong footed.<br /><br />expected a lot of sell orders i ended up filling my buy orders. expect to catch some grupa but ended up with sotong. <br /><br />fat sorry for filling up your page.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-64132680872245738352011-02-28T08:57:04.300+08:002011-02-28T08:57:04.300+08:00ofcos the seller are not stupid (may be i'm th...ofcos the seller are not stupid (may be i'm the one that is stupid), they quickly comes in and fill the gap and leaving me behind.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-44318357625328691902011-02-28T08:51:06.093+08:002011-02-28T08:51:06.093+08:00this morning judging from the pre-openning, there ...this morning judging from the pre-openning, there will be some violent move on the upside in some counters. i will sell/short them if they do. well business as usual.<br /><br />but why do they want to trade in such a big block at such a big price gap is beyond my guess.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-7712677669263446442011-02-28T02:17:58.886+08:002011-02-28T02:17:58.886+08:00haha now i remember one of my family member explai...haha now i remember one of my family member explain her action this way.<br /><br />if the price go up i sell, take the dividends first, if it drop i hold on for futures dividends (investing).<br /><br />well they can certainly change from trading to investing to justify their losses. sometime i even go in and hedge their stupid action if i knew what they are doing (we share the same stupid broker), their trading volume is fortunately small. hahacoconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-16084136811950894782011-02-28T01:43:10.020+08:002011-02-28T01:43:10.020+08:00but i still got to be careful on the upside, its a...but i still got to be careful on the upside, its a gamble for me. it is really funny that a guy who is long is worry about the up side but i'm truely is. <br /><br />oh man, the story is all the same, every time i have to endure listening to one close to me. and every time i got to repeat myself "DON"T SELL YOUR SHARES (investment)!!!" they just don't know what their doing. they always sell too early and if price drop, they will hold on to it.<br /><br />OCBC, UOB and DBS, if i wanted to buy, i'll buy them all cos i would not know which one is better. i'll let the market tells me which is what through the passing of time (spread).<br /><br />from the begining i own these three but drop them cos their price are high and spread movement is low. same for the three telcos. <br /><br />my primary holdings are props and reits. their numbers, their spread movement and price level suits my way of trading. plus some other stocks i don't trade. <br /><br />investment wise, their yield ranges from 3 to 10% currently (believe me or not at the bottom their yield was as high as 20 to 40%). but i like the way their price moves. yield are secondary.<br /><br />i hope you and your friend enjoy the picking too.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-56188402643660160882011-02-27T23:30:11.793+08:002011-02-27T23:30:11.793+08:00Yes, you have all the time in the world to choose ...Yes, you have all the time in the world to choose and pick.<br /><br />Many are still lost, they can't differentiate between the expensive one and the cheaper one. <br /><br />Between OCBC, UOB and DBS, which one is expensive and which is cheap?<br /><br />One of my primary school classmate asked me this afternoon which bank to invest in. <br /><br />I told her they are all good investments, but to choose one, I would go for OCBC. She told me she bought OCBC at $7/- plus and got out at $8/- and then the price shoot up to $10/- before coming down to $9/- plus now, still way above what she sold. She felt painful for getting out too early.<br /><br />She prefer UOB with good results recently. So I told her it's her preference, they are all good blue chip stocks that pay dividends.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-5718105130217706952011-02-27T22:58:18.997+08:002011-02-27T22:58:18.997+08:00sorry to hear that.
yes dance with the market tun...sorry to hear that.<br /><br />yes dance with the market tune. thats why i stick to "sell the expensive one and buy the cheaper one". same rule to sell the prop and buy the stocks. i hold very little cash, if i need to buy something i got to sell something.<br /><br />just shear luck when i need to fund the new accounts i sold big junck of my porfolio, now at least i can recover my position but i'm not in a hurry.<br /><br />when the market started falling without a solid reason to do so, i had a feeling its going to be hasty. the only reason they can find is ofcos funds are moving out and the middle east, really?<br /><br />yes oil, at one point i thought of shorting, but look at the gold. i'm not adding unnessary presure on myself.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com