SIPS test

Those who are interested to take the test but scare that after you read you will forget the answers to the questions, you can refer to http://sgmarketwatch.com/sgx-online-education/ while taking the test.

Anyway I only took the test for fun, I guess at most I will only trade ETFs.

My result.

Repenting or?

Are you repenting?

OR?

Food for thought: Why TA seems to work for many people?

It work because many believe in it.

Self fulfilling prophecy

Snowskin Mooncake!!

Been sharing on my financial journey throughout my blogging journey, I decided to share something else. Hope my reader dont throw rotten eggs at me!

I bought most of my ingredients from redman. 

This is the 2nd receipt which I tried yesterday.
White lotus paste (just buy the ready made) 
130g kao fen
160 icing sugar
1tbs shortening
2tsp milk

(1) Make the Lotus paste into balls a day ago before start making the skin

(2) Mix the kao fen, icing sugar, shortening, milk around an hour before making. Put in fridge for around 20 min. Take out and this is what you get.

(3) Scoop 1tbs of the skin

(4) Roll the skin flat and put the lotus in the middle of the skin

(5) Wrap it up and make it into a ball

(6) Put the ball into the mould and press hard. Hit the mould to somewhere hard a few times to get the mooncake out.

(7) Final product. Put in fridge and enjoy an hour later

bull? bear? mini bull? mini bear? bear in bull skin? bull in bear skin?

Sti raises by 93 pts today, various market also raises a lot these few days. Many seems to forgotten the instability in US and Europe.

Let's poll.Which is your choice?

1. Last stretch of bull?
2. Mini bull like mini mooncake?
3. Bear in Bull skin?
4. The last 500 pts drop for almost one weeks is bull in bear skin? Bull all the way till last high of 3800?

STI for today:

 STI for past 5 years

 

Kungfu and/or? inner strength

This post is specially dedicated to BB AK in Cbox. As many already known, his blogs are famous and he has many readers who ask him finance related questions. To many of us readers, we admired his kungfu. However, not many of us have his inner strength. 

In stock market, different traders and investors have different kungfu. It may be easy to know and learn other people kungfu but applying it is not that easy.

As a summary, BB AK’s kung fu is:

• Buy more when price hit new low at resistance and with positive divergence.
• Don’t sell when the prices form new lows, instead reduce exposure on rebounds.

However, normal people like me cannot keep buying more when price hit new low. We don’t have enough inner strength. If we did that, the % of that stock out of our entire portfolio will be too high such that it causes us sleepless night. Subsequently, many of us will just panic sell when the price keeps hitting lower low, while BB AK keeps buying from us HAPPILY. (Quoting from beary, "AK will win money no matter what.") When rebound really come, we will all regret on hindsight.

Therefore, this boils back to the very fundamental issue of mind and money – the need to train your mind to sit tight when price high and not to panic sell when price goes lower.

Personally, a very good way not to panic sell in bear is to manage your money allocation well. For example, if you have 100k, you put 5k into each stock. This stock only takes up 5% of your portfolio. In addition, due to your prior experiences with losses (see http://opposethetrend.blogspot.com/2011/05/sharing-on-how-to-be-emotionless.html) and the fact that you know how long you can replenish that money from your working income, you will not easily panic sell and can sleep well in night. If you are comfortable with 10% per stock, you can add 5k later to average in. (not average down.). Do not keep averaging down if you do not have enough inner strength. You will 走火如魔，死无全尸。

In short, plan your money allocation well first as this will indirectly train your mind to follow the most simple rule - buy low sell high. 

Remember, you can only be invincible if you have great kungfu with good inner strength and mind.

simple programming

if passion=current job, you=extremely lucky.
              else current job = try to love your job for monthly check

Sharing on how to be emotionless

This afternoon many of us are chatting on cbox.

Suddenly came out with a logic on being emotionless in trading.

If you seen $XXX,XXX loses before, you will not feel "kan Jiong" on $XX,XXX losses.
If you seen $XX,XXX loses before, you will not feel "kan Jiong" on $X,XXX losses.
If you seen $X,XXX loses before, you will not feel "kan Jiong" on $XXX losses. 
If you seen $XXX loses before, you will not feel "kan Jiong" on $XX losses.

That's why big shark can easily eat you and cause you to feel "kan Jiong". (They are not "kan Jiong" but you are.)

Thus, I think money/portfolio Management is more important. It is crucial to take calculated risk and put the amount that you will not feel so much emotional strains on each stock that you have. As such, you will not "kan Jiong" on buying as you scare of losing profits. Similarly, "Kan Jiong" on selling as you felt pain on the losses and wanted to cut loss.

I am at "If you seen $X,XXX loses before, you will not feel "kan Jiong" on $XXX losses." Where are you?

Just for fun since election is coming