Loading...

Follow SGstocksandshares (SGSAS) on Feedspot

Continue with Google
Continue with Facebook
or

Valid

As usual, this is a quarterly review of my personal FX trades. The numbers are for May 2019 with the broker Axitrader.

In the last 3 months, thanks to Trump, news of trade war has been flooding the market. EURUSD has been bullish,  and indexes were hitting year high. Much of the trading positions are actually not in positions. Hence the spike in drawdowns from the charts below.

In June, thanks to Trump again who commented on the suitability of Fed Chair mentioning the possibility of a rate cut to ensure a competitive USD. As a result, EURUSD took a turn and thus the market changed.


This is illustrated by the chart above, a huge spike in drawdown during 10th June which is a Monday. FOMC statement was on Friday night, SG time. Overall, the trade positions were closed in an orderly manner and turned things around.

Another point to note is, the current drawdown is 0%. Which also translates that the opened positions are running on the traded profits only. Perhaps we should open more position to leverage and absorb more risks in exchange for a higher return.




To have monthly returns of 10% is considered average and more positions should be opened in order to capture more market opportunities. However, Trump is a wild card still. A higher risk-taking behaviour will translate to a higher drawdown. And each drawdown is a test to our system, simply because if it fails, that will be the end of our trading method, System Alpha.



Overall, the full numbers are displayed above. Moving forward, there will be no change in our trading strategy for now. Being nimble and careful is the better way to go in this market.

This account has started in May 2019 with the new broker, Axitrader, after our previous broker left us. If you need a good FX broker, you may consider Axitrader. The spreads are reasonable and even though Axitrader is a market maker, the spread is still acceptable.

So that is a wrap for the last quarter. Will update again.
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 



Yep no joke. It is FREE.

Gone are the days that we always think and believe that foreign brokerage houses like Company I and Company T gives very cheap brokerage fees.

These days local brokerage houses are catching up too. Not to mention, the shares transacted are held under the custody of the brokerage houses. There are no market makers, you-lose-house-win situation and etc.

In any case, the conditions are elaborated below.


Under this Promotion:

a. Clients are  required to  execute  at  least  3  trades  to  enjoy  the  rebate. The  Promotion  entitles each Client a maximum of 3 free trades, capped at a maximum rebate of S$50 (“the Rebate”), regardless of the number of trading accounts he or she has.

b. The rebate will be in the form of  bonus points. The equivalent of 1800 bonus points will be credited in the following month and are valid till 31 December 2020.

c.   New clients  with  no  prior  or  pre-existing  business  dealings  with  UOBKH  who  open  a  cash  or  margin  trading account  with  UOBKH  will  also  enjoy  1  month  free  Hong  Kong  real time streaming price when they execute at least 3 online Hong Kong trades during the Promotion period.

d. The free 1 month Hong Kong real time streaming price will be activated in the following month.


If keen, dont wait. Open account is FREE too. The trading account allows online access to HK (of course), SG, Malaysia and US.

PM me to open a UTRADE account via the bottom right hand corner.
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 


News for today 28/6/2019:
 
- Five Things You Need to Know to Start Your Day  https://www.bloomberg.com/news/articles/2019-06-27/five-things-you-need-to-know-to-start-your-day-jxf9pd7f?srnd=premium-asia 
- Bitcoin almost wipes out its mega gain as swiftly as it came  https://www.straitstimes.com/business/banking/bitcoin-almost-wipes-out-its-mega-gain-as-swiftly-as-it-came 
- Slumbering forex markets confound traders, prompt fear of rude awakening  https://www.straitstimes.com/business/companies-markets/slumbering-forex-markets-confound-traders-prompt-fear-of-rude-awakening 
- Pain for Chinese exporters caused by more than US tariffs  https://www.straitstimes.com/business/economy/pain-for-chinese-exporters-caused-by-more-than-us-tariffs 
- Rising US-China trade tensions have slowed Singapore growth: MAS chief  https://www.straitstimes.com/business/economy/rising-trade-tensions-have-slowed-spore-growth-mas-chief ; Singapore to review 2019 growth forecast as trade war bites; weaker Q2 expected: MAS  https://www.straitstimes.com/business/economy/singapore-economy-in-for-rougher-ride-but-is-well-placed-mas-chief 
- Government not relaxing property cooling measures for now: MAS  https://www.straitstimes.com/business/property/government-not-relaxing-property-cooling-measures-for-now-mas 
- Logistics businesses need to be agile and adapt to new tech: Koh Poh Koon  https://www.straitstimes.com/business/companies-markets/logistics-businesses-need-to-be-agile-and-adapt-to-new-tech-koh-poh-koon 
- Property and shipping players welcome drive for transactions to go digital  https://www.straitstimes.com/tech/property-and-shipping-players-welcome-digital-drive 
- SMEs cautiously optimistic for H2, though gloomier than past years: Survey  https://www.straitstimes.com/business/economy/smes-cautiously-optimistic-for-h2-though-gloomier-than-past-years-survey 
- URA launches one-north Gateway site for tender; Hillview Rise and Dunman Road sites up for application  https://www.straitstimes.com/business/property/ura-launches-one-north-gateway-site-for-tender-hillview-rise-and-dunman-road-sites 
- 1 in 2 Singapore residents feels stressed out by the thought of doing nothing: Survey  https://www.straitstimes.com/business/one-in-two-singapore-residents-feel-stressed-out-by-the-thought-of-doing-nothing-survey

Stock to watch today 28/6/2019:
 
- Singtel, M1 bag public 5G trial projects  https://www.businesstimes.com.sg/companies-markets/singtel-m1-bag-public-5g-trial-projects 
M1  
Singtel JV launches new telco brand  https://www.businesstimes.com.sg/companies-markets/singtel-jv-launches-new-telco-brand

Ascendas REIT Upgraded To Neutral At Macquarie; Pt S$2.60 
Attilan makes RTO deal to buy family entertainment content producer for $100m  https://www.straitstimes.com/business/companies-markets/facing-delisting-attilan-in-rto-deal-to-buy-family-entertainment-content 
Ayondo interim CEO to quit after less than 6 months on the job  https://www.straitstimes.com/business/companies-markets/ayondo-interim-ceo-to-quit-after-less-than-6-months-on-the-job 
Boardroom offer closing date extended to July 12  https://www.businesstimes.com.sg/companies-markets/closing-date-of-offer-for-boardroom-extended-to-july-12 
CapitaLand Commercial Trust Cut To Neutral At Macquarie; Pt S$2.20 
CapitaLand Mall Trust Upgraded To Outperform At Macquarie; Pt S$2.75 
Challenger exit offer of S$183mm blocked by minority shareholders  https://www.straitstimes.com/business/companies-markets/minority-shareholders-block-183m-exit-offer-for-challenger ; Challenger calls for 2nd trading halt, corrects EGM resolution notice  https://www.businesstimes.com.sg/companies-markets/challenger-calls-for-2nd-trading-halt-corrects-egm-resolution-notice 
Epicentre's ability to operate as going concern likely hit if forced to repay loan  https://www.businesstimes.com.sg/companies-markets/epicentres-ability-to-operate-as-going-concern-likely-hit-if-forced-to-repay-loan 
Frasers Commercial Trust declines to co-invest in sponsor's Frasers Tower deal  https://www.straitstimes.com/business/companies-markets/frasers-commercial-trust-declines-to-be-co-investor-in-sponsors-frasers 
Frasers Hospitality REIT takes out S$370m in loan facilities  https://www.businesstimes.com.sg/companies-markets/frasers-hospitality-reit-takes-out-s370m-in-loan-facilities 
Geo Energy Appoints Trafigura As New Offtaker For Sdj Mine 
Innopac's appeal for more time to exit financial criteria watch-list rejected  https://www.businesstimes.com.sg/companies-markets/innopacs-appeal-for-more-time-to-exit-financial-criteria-watch-list-rejected 
Keppel Corp - CMA Seeks Views On Prosafe Plan To Buy Floatel 
Koufu Upgraded To Buy At Dbs Bank; Pt S$0.85 
Memtech extends close of cash offer to delist company to July 12  https://www.straitstimes.com/business/companies-markets/memtech-extends-close-of-cash-offer-to-delist-company-to-july-12 
Nico Steel gets 1-year extension to exit SGX watch-list  https://www.straitstimes.com/business/companies-markets/nico-steel-gets-1-year-extension-to-exit-sgx-watch-list 
Roxy-Pacific acquires retail building in Tokyo for 6b yen  https://www.businesstimes.com.sg/companies-markets/roxy-pacific-acquires-retail-building-in-tokyo-for-6b-yen 
Second Chance Properties Q3 net profit up 12.5% to S$2.34m  https://www.businesstimes.com.sg/companies-markets/second-chance-properties-q3-net-profit-up-125-to-s234m 
SGX in 10th spot globally by IPO proceeds for Q2: EY  https://www.straitstimes.com/business/companies-markets/sgx-in-10th-spot-globally-by-ipo-proceeds-for-q2-ey 
SIA, Malaysia Airlines ink deal to expand code-sharing  https://www.straitstimes.com/singapore/transport/singapore-airlines-signs-mou-with-malaysia-airlines-for-strategic-partnership 
Vibrant evaluating disposal of Blackgold unit, posts FY2019 net profit  https://www.businesstimes.com.sg/companies-markets/vibrant-evaluating-disposal-of-blackgold-unit-posts-fy2019-net-profit





















06:32 AM
Crocodiles were once vegetarians, but it was just a phase
06:29 AM
Twitter adds warnings to rule-breaking tweets from public figures
06:21 AM
Iran warns Trump against 'illusion' of short war
06:18 AM
Boeing shares hit as regular finds new 737 Max issue
06:05 AM
Oil edges higher ahead of G20, Opec meeting
06:02 AM
US: Boeing weighs on Dow as US stocks await trade talks
06:00 AM
Europe: Shares hand back gains after White House dampens Sino-US trade optimism
05:50 AM
Money FM podcast: Mind Your Business - Dark data and why it should be dealt with
00:03 AM
Ecclestone proposes blueprint for F1 revival
23:55 PM
Spanish court rules Deliveroo riders are employees
23:49 PM
Vibrant evaluating disposal of Blackgold unit, posts FY2019 net profit
23:32 PM
Closing date of offer for Boardroom extended to July 12
23:30 PM
Toyota to invest US$2b in developing electric vehicles in Indonesia
23:19 PM
Nissan, Dongfeng in talks to form fleet-management venture with Didi
23:19 PM
India beats US in WTO renewables case






Premium Content

Top Stories
Singapore reviewing again 2019 growth forecast: MAS chief




SGX revamps to drive growth in multiple asset classes
New generation reinventing the wok




















Companies & Markets
Minorities block Challenger's delisting; exit offer will lapse
Hyflux subsidiary restructures 617m yuan loan for China plant
Singtel, M1 bag public 5G trial projects






Real Estate
Ibis Novena sold for nearly S$170m
Property deals, smart estates stand to gain from tech
Selegie Centre buyer seeks approval to build hotel





Banking & Finance
JPMorgan's fintech deal shows its Asia ambitions
Eurozone bond yields rise on hopes of US-China truce





Energy & Commodities
Lean net imports drag Singapore fuel oil inventories to 3-week low
Tight supply stokes China iron ore's record-breaking rally





Technology
US jury rules that Huawei stole trade secrets from company founded by ex-employee
Huawei received over US$1.4b in licence revenue since 2015





Consumer
Beyond Meat's Asia ally takes mock pork to swine fever-hit China
H&M shares jump amid good summer sales, shift to online






Transport
Macron rules out changing French stake in Renault-Nissan
Nissan to cancel Ghosn's retirement, stock-linked compensation
VW board puts Ford alliance on agenda for July meeting






Government & Economy
Japan warns UK PM rivals: No-deal Brexit could end investment honeymoon
Sri Lanka tourism fighting back from Easter bombings: minister
Economy accelerates in first quarter, but momentum fading






Opinion
Now is not the time to cut interest rates
'I'm in the 1 per cent. Please, raise my taxes'
Singapore telcos need more time to transform business model in digital era




Life & Culture
AstraZeneca launches 'Cancer Can Give' drive






Food & Drink
Japanese-Korean fusion at Tanoshii
When the winemaker dons a wet suit to fetch your US$100 tipple
Black Gold





Arts
Hip To Be Square
Drum It Up




Design..
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
ST Group Food Industries Holdings

ISSUE STATISTICS

Offer Size: 30.077m new shares
Public Tranche: -
Placement Tranche: 30.077m shares
Price: S$0.26
NAV per share (post IPO): S$0.077
Historical PE: 18.6x (FY18)
Market Cap (post-IPO): S$64.0m
Open: 26 Jun 19
Close: 1 Jul 19, 12.00 noon
Trading: 3 Jul 19, 9.00 am (on “ready” basis)
Interested parties, please PM me
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
In other news, Bitcoin is up by 20%!







07:04 AM
Accused by judges, Haitian president denies corruption allegations
07:00 AM
Germany raises 6.5b euros from sale of 5G frequencies
06:58 AM
US college student killed Chinese scholar, his lawyer admits at trial
06:56 AM
US House seeks to block Trump arms sales to Saudi Arabia
06:54 AM
Trump signals census fight, House panel holds cabinet officials in contempt
06:51 AM
Uber eyes drones for food delivery, unveils new autonomous car
06:50 AM
US Energy Department blocks participation in China's 'Thousand Talents' programme
06:47 AM
US regulator urges review of financial risk posed by climate change
06:45 AM
Sister of Saudi crown prince faces Paris trial: legal source
06:42 AM
Trump says will meet Putin at G-20 summit in Japan
06:40 AM
China extradition clashes plunge Hong Kong into historic violence
06:33 AM
Europe: Oil majors, banks drive shares from 3-week high
06:28 AM
Oil slumps 4% on US crude build, slowing demand fears
06:17 AM
US consumer inflation slows in May on cheap energy, used cars
06:04 AM
US: Stocks retreat, oil shares hit






Premium Content

Top Stories
Suspended stocks on SGX hit highest level in three years




Singapore looking to grow its sustainable finance sector: Heng
Pangolin fund says it's close to getting 10% of votes to block Challenger exit offer
















Companies & Markets
Real estate, manufacturing, F&B counters feature in SGX trading
CWT lenders put metals trading, logistics units up for sale
Office Expo Asia to focus on employee wellness, workplace design






Real Estate
China buyer signs S$31.5m deal for 3 Orchard By-The-Park penthouse
Condo rents slip 0.3% in May, HDB rents inch up 0.1%: SRX
HK firm exits land purchase tender on economic worries






Banking & Finance
Is Brexit Britain ready for another foreigner as central bank chief?
Trump renews Fed attack, says euro is 'devalued'
Company directors will have to sit for exams in India after scandals





Energy & Commodities
Opec fails to reach consensus on setting new meeting date
Trafigura profit leaps on strong oil and gas trading






Technology
CrowdStrike raises US$612m amid IPO tech rush
LG opposes Qualcomm's attempt to put US antitrust ruling on hold
US Congress opens inquiry into power of big tech






Consumer
Move over Shake Shack, Five Guys is coming to town
China inflation hits highest level in 15 months
Ten US states file lawsuit to stop T-Mobile's purchase of Sprint






Transport
Sweden's electric car boom under threat from power crunch
China car sales at worst-ever monthly low as trade war heats up
Hijack hoax in India lands business-class passenger in jail - for life






Government & Economy
Extradition bill debate put off as protesters surround legislature
Johnson plays down no-deal Brexit, launches PM bid
Consumer prices barely rise in May






Opinion
Blockchain unchained: Tackling wash trading
Europe must make a concerted effort to fix its fiscal rules
Licensing operators may be key to improving PMD rider behaviour






Life & Culture
Stanchart flies sustainable-investing flag
Be among the first to visit a 'new' country - Welcome to North Macedonia
Instagram star Sunglass Cat has an eye-opening message of acceptance

  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 
 



I was buying books from Amazon this week and I spotted this offer which i think it will be useful for friends of SGSAS. Not just useful, it can be FREE for you if you do the following steps. Took me a while to figure out, so must as well blog it and bookmark it too.


STEP 1: For SG people, to connect to US location get this FREE VPN here.

STEP 2: Sign up for FREE account on Amazon Audible.

STEP 3: Click on here to open that book. It will be FREE under Amazon Audible. Picture below.





Details taken from Amazon:
Let's get real here: most investors like you LOSE money trading stocks
In fact, so many lose so much money in trade after trade that they simply give up and buy mutual funds. By doing so, they leave their portfolio's fortunes in the hands of an 'expert'. Talk about leaving a lot of money on the table.

Seriously. If you park all your investment cash in a mutual fund, you are missing out on SPECTACULAR GAINS. Sure, you can 'coast' on an annual gain slightly north or south of 10 to 15 percent but if you were to trade your own account, you can earn many times more than that.

Just how much more can your retirement investment grow if you managed it more actively? How does 1 to 2 percent per day sound? This is possible with active trading.

Indeed, this is possible with the information you'll find from this book, "Stock Market Investing for Beginners". This paves the way to you making more money in stocks.
This book delivers on the following...
  • Understanding the basics of stock market investments
  • Get a clear understanding/ analysis of the different investing and trading strategies you can use
  • Learn how to trade with CONFIDENCE regardless of whether the stock market is trending up or down
  • Learn how to make money if the stock you bought sinks or rises in value
Turn your FEAR of losing money in the stock market into an AWARENESS of the tremendous opportunities available to you if you just use the right trading methods and strategies.
These methods & strategies enable you to spot...
  • Stocks about to break out and go up in value
  • Stocks about to crash
  • Best stocks with solid long-term potential that buying them at any price NOW still means you bought them at a BARGAIN
  • Stocks you can continue to buy regardless of how much they sink or fall and STILL make money
See what others say about this book (only a few)--- This book is intended to help a newbie like you cut through the hype and the fluff and get to the good stuff as quickly as possible." Thank god, there's so much convoluted information out there, I just needed something that'll get me going. No nonsense, just useable steps to get off the ground.- Amazon Customer
-- The book includes a good cautionary introduction before you get started. It gives you the tools and strategies you need to get started and provides a lot of valuable information on stock market investing. – Amazon Customer
-- I was really afraid to invest on stock exchange because of lower understanding. But simple language and clear approach of this book have given me the courage to proceed for that. Thanks for such wonderful writings.- Amazon Customer
-- Just what I was looking for. Put together very well and easy to understand. Does not get off topic.- Amazon Customer
You worked hard for your savings. Don't let inflation eat up your savings' value.By mastering the information contained in this guide, you can learn to trade for almost PREDICTABLE gains like professionals- whether those gains happen immediately or within a fairly certain period of time.
Stop struggling, hoping and wishing that you'll spot the NEXT breakout stock. NEWSFLASH: there are a HUGE NUMBER of these. You just need the intelligence and speculation to IDENTIFY THEM and this book teaches you HOW!
Start planning a SOLID FINANCIAL future on the BEDROCK of ROCK SOLID stock trading information!
Get this book today and start on the ROAD TO FINANCIAL FREEDOM AND ABUNDANCE. 
 
#ebook #audiobook #free
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 




HSI opened high only to fall back to the previous closing range. This shows that sentiments are still bearish, with no clear conclusive end to the current trade war.

At this rate, there might be a chance for the market to move lower than the day before.


If investing, watch for strategic entry prices. Likewise, for invested clients, you may do a sell first and buy back at a later time. This is something like a covered short where invested clients can trade for some profits while holding on to shares.

For example:

Mr Tan has 1k shares of DBS bought at S$27.00. It is sure loss now if he were to sell now at S$25. To do a covered short, Mr Tan sells DBS at S$25. And after a week, DBS falls to S$24.00. Mr Tan bought back after a week at S$24.00. 

He has profited S$1.00, and back to holding DBS shares to wait for the shares to come back at S$27.00.

Profit is made when one is buying low, selling high, or vice versa, regardless of the sequence.

The risk for Mr Tan is if he were to sell at S$25, and the price starts to move up and up, then Mr Tan would have missed 'the boat'.


Be sure to tabulate and account for the prices bought and sold. The online portfolio only tracks what is first bought and sold, not the other way around.
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 



Qns: Hi sir may I ask u a question. If I buy fortune REITs HKD, will the exchange rate affect my gain when I sell? Thanks


Ans: 

Hi,

It depends on the HK exchange rate when you buy and you sell.

It will affect the final outcome.
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 


The previous withdrawal was due to incorrect SWIFT codes. Now that my broker has acknowledged, the error is rectified.

A new trading account with AxiTrader was set up and I have to say I am quite pleased with the overall experience.

I will do up a proper review to share my experience. Meanwhile, I am accumulating the trades so that I have sufficient results to show and share with you guys.

Meanwhile, if you would like to open a trading account with AxiTrader, I hope you would use my referral code below. with the referral code, it is a promo code where the trading fees will be lower. On top of that, Axitrader will also share a part of the brokerage revenue with me. This helps to contribute and fray part of the hosting costs for SGSAS.

I hope it is not too much to ask for. Thank you for your kind support




  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 





Just a quick update for my followers.

In the process of changing my FX accounts (due to the split of partners), the money has been sent to the wrong bank. Emails have been sent to the broker and they are processing still.

We are waiting for the funds to come back to our account before we can proceed again.

Hope that we can start soon. It is a loss of income and time for us too.

Read for later

Articles marked as Favorite are saved for later viewing.
close
  • Show original
  • .
  • Share
  • .
  • Favorite
  • .
  • Email
  • .
  • Add Tags 

Separate tags by commas
To access this feature, please upgrade your account.
Start your free month
Free Preview