I asked Daphne, a Primary 4 student, why her words were written so big in her workbooks, something like font size 40 on the monitor. She said that her teacher is so old and his glasses so big to be able to read anything small. Well, I believed her. How's that for respecting your teacher eh? lol...
Dying To Myself
My Sunday was not a typical one, in fact, things happened that day that were uncalled for.
People who know me would say that I'm a quiet person, acts cool, dull expression, can't tell whether I'm stern or just a sleepy look on my face. They are quite right, and I don't really like confrontation, or anything like that. Sometimes I avoid being in crowds, and needless to say, stage frights I have. Or perhaps I'm just shy and sometimes afraid to look at someone in the eye and say what I mean.
So I had to die to these traits on Sunday, get out of my comfort zone and do what I had to do. Anger did give a little push and some help.
Heated exchange of words, shouting, things that I said on Sunday, though I was not proud of it, had to be said to let the other party know what I feel and what I want all these years. I'd like to add, that I wasn't a blaming person. But that very day I pointed out all the wrongs.
Perhaps it was due to pressure which brings me to mention a little bit on the content, it was all for my son Joshua. I was desperate because I might face a time where no one could look after him while Penny and I got our day jobs to attend to. And to take leave is temporary measure, which is only like what? few days?
If anyone reads this post. I'd like to point out that my intent of this post is not to vent anger, gossip, talking behind people's back or anything like that. I am sharing my life, and what happened. There are take-aways to every story, something we can learn and seek to improve.
Till now, I am glad to say that Joshua will be given care and that's all that I had wished for.
I'll end off by saying that being anti-social or an introvert might give you problems in your relationships. If you are one, or little like that.. work on it, it goes a long way.
Monday, March 22, 2010
Friday, March 19, 2010
Paper Trade
The Options Course, a recommended read, was borrowed from the library for me to learn from the expert and to keep my daily commuting time occupied.
One of the advice given was to paper trade.(using a demo account to trade without the use of real money).
Already I have bought a couple of call options and sold them way before they expire.(using Virtual Account)
Bought: - Call Options
- 1 Contract of RUT at $26.80 and sold one day later at $32.10. (profit of $500 after deducting brokerage fees)
- 1 Contract of C at $0.59 and sold 3 days later at $1.20 (profit of about $30)
- 1 Contract of SPY at $2.66 and sold 10 days later at $4.56 (profit of about $160)
Sold: - Naked Put
- 1 Contract of SPY Mar10 116 Put to receive premium of $186
I'm waiting for the Put Options to expire worthless.(effective today 3rd Friday of the month) If SPY drops big time before today, it would be exercised and I would be obligated to buy the shares. Since my virtual account has a lot of money, lol, I wouldn't consider this to be a naked put since I have the margin to actually purchase actual 100 shares of SPY. Correct me I'm wrong.
Learning points:
- if the call option contract is bought cheap(e.g $0.59), I have to make sure that the price goes up to a point where it is profitable after factoring in brokerage fees.
- I should plan an exit for both profitable and losing trades.
- Sell the call contract at least more 30 days before it expires as it still has time value, as advised.
- I should start to read charts and ratios before committing future trades(I did not do so for the above mentioned)
One of the advice given was to paper trade.(using a demo account to trade without the use of real money).
Already I have bought a couple of call options and sold them way before they expire.(using Virtual Account)
Bought: - Call Options
- 1 Contract of RUT at $26.80 and sold one day later at $32.10. (profit of $500 after deducting brokerage fees)
- 1 Contract of C at $0.59 and sold 3 days later at $1.20 (profit of about $30)
- 1 Contract of SPY at $2.66 and sold 10 days later at $4.56 (profit of about $160)
Sold: - Naked Put
- 1 Contract of SPY Mar10 116 Put to receive premium of $186
I'm waiting for the Put Options to expire worthless.(effective today 3rd Friday of the month) If SPY drops big time before today, it would be exercised and I would be obligated to buy the shares. Since my virtual account has a lot of money, lol, I wouldn't consider this to be a naked put since I have the margin to actually purchase actual 100 shares of SPY. Correct me I'm wrong.
Learning points:
- if the call option contract is bought cheap(e.g $0.59), I have to make sure that the price goes up to a point where it is profitable after factoring in brokerage fees.
- I should plan an exit for both profitable and losing trades.
- Sell the call contract at least more 30 days before it expires as it still has time value, as advised.
- I should start to read charts and ratios before committing future trades(I did not do so for the above mentioned)
Wednesday, March 17, 2010
the words that come out from the mouth
I just realised that the date is stamped after every new post in the blog. I didnt need to put the date as the title. Creative juice needs to be squeezed to think of a suitable title.
What I meant was Words have life and also have the power to influence and create. Sounds like the Bible eh? Now my emphasis is that Words can also damage and pierce through one's heart deadlier than a 2-edged sword. I have encountered the negative side of it, and those poisonous words that came out from a person that I never knew have the capability to do so. Very dangerous...nobody would believe me even if i reveal who that person was. I'd better not. Because its gonna stir trouble. Trouble from where?
Sorry for all these suspense..I usually do not talk or write about such things..because I think its really not worth one's time. But for the above, take it as a learning point about Words, things that you talk about..check yourselves..are you gossipping? putting another person down? talking behind one's back? Remember, what you say to a person can change his/her life, depending on the impact. So speak good things, seek to enrich, build up, and encourage.
So again, I am writing more ideas and infomation i discovered which could be put into good use later.
One of them would be Megadroid, a software robot operating with AI specialised in trading Forex. The official website looks like another scam or just another website created hoping people would buy their useless products. I have my doubts, however the people in Babypips forum seem to have good reviews and making pips constantly trading with the use of this MD.
They at first had their doubts too, but had them cleared when demo accounts are doing great when tried with MD. I would be saving cash to buy this product.
Optionsxpress Education Centre
I took more than an hour figuring out the first few strategies explained in great detail. That was under Trading Level 4. A long one. Mainly the spreads,both bearish and bullish ones were introduced.
Canada
I have aspirations to live and work in Canada. My wife supported the idea and thats probably all I need to go ahead and plan for it.
Reasons? of course they are the many good things you and I have already heard about that country.
What does it take? This is the challenging part. One of them is skills and education. The rest I'll share later.
Which brings me to mention that I would need to upgrade myself and acquire skills to contribute to those who needs them. Its a give and take thingy.
Money? I need to clear debts and at the same time find financial support(I got someone in mind to loan me interest free) to fund a Degree programme. Now take note, its LOAN. not sponsor nor free help. If I kick start study, the earliest time would be the start of next year.
What programme? I actually havent decided, to go ahead continuing Logistics(My diploma is in this area), or choose something that interest me like Accounting and Finance offered by UOL. If I choose the latter, I have to decide whether to take the degree or ACCA.
to be cont..
What I meant was Words have life and also have the power to influence and create. Sounds like the Bible eh? Now my emphasis is that Words can also damage and pierce through one's heart deadlier than a 2-edged sword. I have encountered the negative side of it, and those poisonous words that came out from a person that I never knew have the capability to do so. Very dangerous...nobody would believe me even if i reveal who that person was. I'd better not. Because its gonna stir trouble. Trouble from where?
Sorry for all these suspense..I usually do not talk or write about such things..because I think its really not worth one's time. But for the above, take it as a learning point about Words, things that you talk about..check yourselves..are you gossipping? putting another person down? talking behind one's back? Remember, what you say to a person can change his/her life, depending on the impact. So speak good things, seek to enrich, build up, and encourage.
So again, I am writing more ideas and infomation i discovered which could be put into good use later.
One of them would be Megadroid, a software robot operating with AI specialised in trading Forex. The official website looks like another scam or just another website created hoping people would buy their useless products. I have my doubts, however the people in Babypips forum seem to have good reviews and making pips constantly trading with the use of this MD.
They at first had their doubts too, but had them cleared when demo accounts are doing great when tried with MD. I would be saving cash to buy this product.
Optionsxpress Education Centre
I took more than an hour figuring out the first few strategies explained in great detail. That was under Trading Level 4. A long one. Mainly the spreads,both bearish and bullish ones were introduced.
Canada
I have aspirations to live and work in Canada. My wife supported the idea and thats probably all I need to go ahead and plan for it.
Reasons? of course they are the many good things you and I have already heard about that country.
What does it take? This is the challenging part. One of them is skills and education. The rest I'll share later.
Which brings me to mention that I would need to upgrade myself and acquire skills to contribute to those who needs them. Its a give and take thingy.
Money? I need to clear debts and at the same time find financial support(I got someone in mind to loan me interest free) to fund a Degree programme. Now take note, its LOAN. not sponsor nor free help. If I kick start study, the earliest time would be the start of next year.
What programme? I actually havent decided, to go ahead continuing Logistics(My diploma is in this area), or choose something that interest me like Accounting and Finance offered by UOL. If I choose the latter, I have to decide whether to take the degree or ACCA.
to be cont..
Friday, March 12, 2010
The Thirteen of March 2010
It has been ages since the last update. Reason? Lazy. So what brings me here again? I actually need to pen down my thoughts and ideas as I am afraid I may forget them although they are still very fresh in my head.
This afternoon, after breakfast at Serangoon North at our favourite stall in one of the coffee-shops, Joshua was walking around the living room, trying to destroy anything he got his hands on.
So I had no choice but to leave the computer to attend to him. I came across this AIA calendar/journal in Joshua's toy box, and thought that maybe I could just write something down while keeping an eye on Joshua.
For starters, I had actually terminated all my AIA policies except one hospital shield plan that I bought for Josh. Penny and I have ours covered by Aviva. I also got three of us group term insurance, paying around 30 bucks monthly. This one is not a bad deal because SAF tied up with Aviva to give soldiers affordable basic insurance. Now my son is actually disturbing me by grabbing my pen(how rude) haha. Maybe this could be an example for him to learn since he likes to imitate what Penny and I do.
Investment and Trading
One day I was playing my PSP when I suddenly felt like I had enough of these things and wasting my life. Everyday for me is like going to work, looking forward to weekends, looking forward to blockbuster movies, looking forward to the next pay day, or bonus pay-out, playing Facebook games, looking after my son, spending time with my wife and having tea with her. That's about it. I'm not saying that doing all these things are a waste of time, and I should continue doing these things because they mean quality time spent with my family. But, I felt that I need to wake up from restlessness and "sleep". There seems to be no longer any purpose in my life.
I chanced upon a book from my drawer, one which I took from my brother-in-law, and started reading. Its about investment and making money from the stock markets. I did not stop. I read everything, except on the portion on "how to make money using options". Because I didn't understand how it works.
A lot of things to mention, but i try to bring up them slowly, one at a time.
The book actually introduced not only investment and trading, but financial habits that we should adopt in order to retire comfortably and not get in debt.
One which I am convicted to do is to put away 100 bucks monthly to buy 31 shares of STI ETF(that was in January 2010 when it was trading at 2,900).
That was after I went to Poems to open a trading account and signed up for the SBplan. A goal which I set up for myself and intended to keep to it or increase the amounts if I have the means to in future.
I read a lot these few months. Going to the library to borrow financial books, like those "Trading for Dummies" and etc. Websites like investopedia and optionsxpress became my "must-visit" sites daily.
I was very impressed and even more determined and "charged up" to get my feet wet in Investment, until a point where I realised that one would need money to make money. I haven't actually pumped in cash for trading except for the one mentioned above, basically because I still have a substantial amount of debt which needs to lowered, and close to zero amount of cash in my savings account.
And so I plan to clear those debt asap and also continue to learn about investing and trading.
One of the very important things mentioned by those books and websites is that we should always try trading using a demo or virtual account for 6 months before we actually commit real cash in to the market.
Currently I have several positions in my Virtual account using optionsxpress. to be cont.
This afternoon, after breakfast at Serangoon North at our favourite stall in one of the coffee-shops, Joshua was walking around the living room, trying to destroy anything he got his hands on.
So I had no choice but to leave the computer to attend to him. I came across this AIA calendar/journal in Joshua's toy box, and thought that maybe I could just write something down while keeping an eye on Joshua.
For starters, I had actually terminated all my AIA policies except one hospital shield plan that I bought for Josh. Penny and I have ours covered by Aviva. I also got three of us group term insurance, paying around 30 bucks monthly. This one is not a bad deal because SAF tied up with Aviva to give soldiers affordable basic insurance. Now my son is actually disturbing me by grabbing my pen(how rude) haha. Maybe this could be an example for him to learn since he likes to imitate what Penny and I do.
Investment and Trading
One day I was playing my PSP when I suddenly felt like I had enough of these things and wasting my life. Everyday for me is like going to work, looking forward to weekends, looking forward to blockbuster movies, looking forward to the next pay day, or bonus pay-out, playing Facebook games, looking after my son, spending time with my wife and having tea with her. That's about it. I'm not saying that doing all these things are a waste of time, and I should continue doing these things because they mean quality time spent with my family. But, I felt that I need to wake up from restlessness and "sleep". There seems to be no longer any purpose in my life.
I chanced upon a book from my drawer, one which I took from my brother-in-law, and started reading. Its about investment and making money from the stock markets. I did not stop. I read everything, except on the portion on "how to make money using options". Because I didn't understand how it works.
A lot of things to mention, but i try to bring up them slowly, one at a time.
The book actually introduced not only investment and trading, but financial habits that we should adopt in order to retire comfortably and not get in debt.
One which I am convicted to do is to put away 100 bucks monthly to buy 31 shares of STI ETF(that was in January 2010 when it was trading at 2,900).
That was after I went to Poems to open a trading account and signed up for the SBplan. A goal which I set up for myself and intended to keep to it or increase the amounts if I have the means to in future.
I read a lot these few months. Going to the library to borrow financial books, like those "Trading for Dummies" and etc. Websites like investopedia and optionsxpress became my "must-visit" sites daily.
I was very impressed and even more determined and "charged up" to get my feet wet in Investment, until a point where I realised that one would need money to make money. I haven't actually pumped in cash for trading except for the one mentioned above, basically because I still have a substantial amount of debt which needs to lowered, and close to zero amount of cash in my savings account.
And so I plan to clear those debt asap and also continue to learn about investing and trading.
One of the very important things mentioned by those books and websites is that we should always try trading using a demo or virtual account for 6 months before we actually commit real cash in to the market.
Currently I have several positions in my Virtual account using optionsxpress. to be cont.
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