Nerdy Homme Investment Blog

My Forex Journey Until Now

2010-07-25T21:50:00.007+08:00

It has been more than 2 years since I picked up forex trading. My results so far has been far from encouraging. It looks IMPOSSIBLE for me to achieve the resolution that I have set for myself at the beginning of 2010.Nevertheless, I asked myself these questions again....1) Have I been earning big bucks from forex? Disappointingly, no.2) Have I been losing my trading capital? NO. My trading

Close to 1 year has passed since my last update....

2010-01-23T09:11:00.003+08:00

It has been close to 1 year since I last updated my blog. The past year has not been very good to me and 2010 did not start off on the right note. Nevertheless, I am still trading forex. Have I been earning big bucks? Disappointingly, no. Have I been losing my trading capital? NO.But have I given up on it? Never! It surprises me that this resolution in forex trading is still in me. Currently, I

FX Trading Results for February 2009

2009-03-15T12:34:00.005+08:00

Up till now, I have been trying to trade 3 different kinds of strategies. However, results are far from impressive and consistent. I sat down and start to think about my trading. I realise the following things.i) 1 live account to trade 3 different strategies. I thought I can manage well on this by documenting my trades nicely on my excel sheet. However, this is not the case. During "live"

FX Trading Results for January 2009

2009-02-01T15:24:00.002+08:00

This month trading results were rather bad. Equity was down 13% from previous month. Time for some reflection on my own trading...

FX Trading Results for December 2008

2009-01-01T11:23:00.003+08:00

My targetted 15% mth-to-mth increase in equity was not achieved; only 5% was attained. Looking back on the year 2008, an overall increase of about 63% from my initial capital of USD$520. Not bad for a newbie trader who started out in late July 2008!Currently, most of my trades are based on FXClinic strategy. In my previous post, I mentioned 2 other trading strategies from Pipforia(HGM) and High

FX Trading Results for November

2008-11-30T20:36:00.005+08:00

Trading results have turned much better after 2 consecutive months of losses. 9.6% increase month on month and a 54.9% increase from my initial capital. In my view, the following points has helped me to improve my November trading results.i) Wait patiently for trade opportunity without jumping in on impulseii) As a result of i), a drastic decrease in the number of trades placediii) More

Quitting a job to become a full-time forex trader

2008-11-23T20:36:00.006+08:00

My aspiration is to become a full-time trader in the future, if possible in 3 years time. Leaving job security for another profession that is full of risk and emotional trauma is not an easy thing to do. In addition, one must be prepared to accept loss of income when you hit a bad trading patch. A loss of income would result in a change in lifestyle as you obviously can't continue the same lavish

Weekly Newsletter by GotForex.com

2008-11-22T09:29:00.005+08:00

I have subscribed to a free newsletter service by Rob Booker and friends. Saw some useful information in this weeks' newsletter that are beneficial to forex beginners. Have extracted some parts of it and shown it below. You can also subscribe to the newsletter by visiting http://www.gotforex.com/ or by clicking the title of the post above. Enjoy reading.Excerpts from the newsletter(by Rob Booker,

FX trading results for October

2008-11-06T07:13:00.003+08:00

Results for the month of October is not impressive. The account is down by about 13% compared to previous month. Reasons are as follows:i) Insufficient backtesting of some strategiesii) Overtradingiii) Close out a position with loss of over 100+ USD$ due to inappropriate application of Pipforia EA.Nevertheless, the account is still up by 47% compared to my initial captial. I was very upset and

Fundsupermart - unit trust investment

2008-10-02T20:08:00.004+08:00

Fundsupermart offers D.I.Y unit trust investing via an online platform. Unit trust is equivalent to mutual fund in the States. Although there are other platforms like POEMS, DollarDex around that offers cheaper sales charge, Fundsupermart remains very much my preferred choice for the following reasons. 1) Ease of use of the online platform.2) Free quality online research articles including a

My first 3 months of FX trading

2008-10-01T16:11:00.010+08:00

After spending 5-figure sums on forex courses in total, I finally opened a live mini-account with InterbankFX in July 2008. Prior to this, I demo-traded for about 2 months with favourable results. I started with an initial capital of USD$500 (paid an additional USD$20 as I used credit card for payment). Dr Lim from FXClinic advised FX beginners to start small so that they can learn to grow with

AXA Secure Ascent 2020 and Fortis Bank

2008-09-29T21:45:00.004+08:00

I bought the above product under recommendation from my trusted financial advisor. This product is NOT capital-guaranteed. The attractiveness of this product is that it allows the investor to enjoy a low-risk investment, yet exposed to high absolute returns from derivatives investment.In summary,i) when it matures, the payout is at the highest price during its course before maturity.ii)a mix of a

Understanding more about the recent financial debacle of AIG and Lehman Brothers

2008-09-21T20:40:00.003+08:00

Listed 2 articles below on the recent financial debacle of AIG and Lehman Brothers.Yahoo FinanceDiamond and Kashyap on the Recent Financial UpheavalsMarketWatchMr. and Ms. Taxpayer will learn to play the bluesPersonally I think that the US government bailout is only a temporary relief for the global financial markets. Expect more downside in global stock indices in the months ahead. Afterall, the

Biggest Currency Hedge Fund

2008-08-29T20:29:00.003+08:00

An interesting article from Bloomberg (click on title) on John Taylor, the chairman/CEO/CIO of the a hedge fund FX Concepts Inc. Mathematical models are designed by researchers in the hedge fund to trade more than 500 currency pairs. The article also mentioned the use of fourier formulas to determine the the distance between peaks and troughs of the currency prices. It never crossed my mind that

Forex Courses

2008-08-17T22:40:00.003+08:00

There are quite a number of FX courses on the local scene now. Terraseeds, T3B, Kishore... just to name a few. I guess most people who are interested in forex trading may be undecided as to which course they should choose. And to compound this problem, forex courses are not cheap(easily a few Ks) in general. Everybody would like to attend only one course and make money. I attended a recent

Views on FXClinic and Pipforia Asia

2008-08-17T20:36:00.008+08:00

As mentioned in my previous post back in April, I enrolled in 2 forex courses in May: FXClinic and Pipforia Asia. The gist of FXClinic is in understanding that the forex market is structured in a particular way. What do we mean by "structured"? "Structured" means that the market moves in a particular fashion. I can't reveal much here. Interested readers can attend the preview session to hear

My Portfolio @ 30th April 2008

2008-05-01T16:59:00.002+08:00

My portfolio as of 30th April 2008.1. Auric Pacific (PX < NAV) - huge cash after selling off building asset and Robinson. Expecting either an increase in stock px or a good dividend payout.2. Aqua-Terra Supply (O&G) 3. Biosensors (Medical, potential takeover target)4. Chemoil (Oil) 5. China Energy (DME, clean energy)6. Devotion (Renewable Energy)7. IFS Capital (Px < NAV & dividend play) 8.

My Portfolio @ 31st January 2008

2008-02-02T09:33:00.000+08:00

My portfolio as of 31th January 2008.1. Auric Pacific (PX < NAV)2. Aqua-Terra Supply (O&G)3. Biosensors (Medical, potential takeover target)4. China Diary (Dairy)5. Chemoil (Oil)6. China Energy (DME, clean energy)7. Devotion (Renewable Energy)8. IFS Capital (Px < NAV & dividend play)9. Longcheer (Mobile phone design)10. Japanland (Japan property & Tokyo Stock Exchange component)11. KS Energy (O&G

My Portfolio @ 31th December 2007

2008-01-05T11:50:00.000+08:00

My portfolio as of 31th December 2007.1. Auric Pacific (undervalue stock)2. Aqua-Terra Supply (O&G)3. Biosensors (Medical, potential takeover target, expecting CE mark by next March)4. China Diary (Dairy)5. Chemoil (Oil)6. China Energy (DME, clean energy)7. Devotion (Renewable Energy)8. IFS Capital (Px < NAV & dividend play)9. Longcheer (Mobile phone design)10. Japanland (Japan property & Tokyo

My Portfolio @ 30th November 2007

2007-12-02T14:37:00.000+08:00

My portfolio as of 30th November 2007.1. Auric Pacific (undervalue stock)2. Aqua-Terra Supply (O&G)3. Biosensors (Medical, potential takeover target, expecting CE mark by next March)4. China Diary (Dairy)5. Chemoil (Oil)6. China Energy (DME, clean energy)7. Devotion (Renewable Energy)8. IFS Capital (Px < NAV & dividend play)9. Longcheer (Mobile phone design)10. Japanland (Japan property & Tokyo

My Portfolio 31st October 2007

2007-10-31T21:48:00.000+08:00

My portfolio as of 31th October 2007.1. Auric Pacific (PX < NAV & dividend play)2. Aqua-Terra Supply3. Biosensors (Excellent stent products, potential takeover target)4. China Diary5. Chemoil6. China Energy7. Devotion8. Ezra9. IFS Capital (Px < NAV & dividend play)10. Longcheer11. Japanland (Japan property & Tokyo Stock Exchange component)12. KS Energy13. Mapletree REIT (Dividend play &

Penguin, Pine Agritech & Stratech

2007-10-20T23:21:00.001+08:00

PenguinPenguin announced on Friday after trading hours on the deferment of the proposed demerger of Penguin Shipyard from Penguin Group until the New Board(SESDAQ) is established and the rules and regulations established. They also announced a special interim dividend of 2.5 cents per ordinary share, payable on 28 Nov 07. The dividend represents a 10.5% yield over my average purchase price of

Stocks on SGX set to turn red on Monday

2007-10-20T23:18:00.000+08:00

Dow Jones plunged by more than 360 points to close below 13600 on Friday, amidst fears about credit and housing sector, record-high oil prices and continued slide in the US dollar. Expect most of the counters on SGX to turn red on Monday. This could present an excellent opportunity to buy into stocks with strong order books. Shall be looking at increasing my holdings in some stocks within my

Singapore Stock Market 1st October 2007

2007-10-01T21:43:00.000+08:00

The Singapore market performed well today (1-Oct), with the STI closing at a record high of 3755.22. Some penny counters also surge today. Of special mention is Pine Agritech (one of my portfolio stocks) who make it into the top 20 volume, closing at 54cents against last week's closing of 47cents. I think the surge in price is most likely due to the recent news that China's QDII fund may invest

My Portfolio 28th September 2007

2007-10-01T21:29:00.000+08:00

My portfolio as of 28th September 2007.1. Auric Pacific (PX < NAV & dividend play)2. Aqua-Terra Supply3. Biosensors (Excellent stent products, potential takeover target)4. China Diary5. Chemoil6. China Energy7. Devotion8. Ezra9. IFS Capital (Px < NAV & dividend play)10. Labroy11. Longcheer12. Japanland (Japan property & Tokyo Stock Exchange component)13. KS Energy14. Mapletree REIT (Dividend play

Gold Carry Trade & Bull Run

2007-09-30T16:45:00.000+08:00

Some articles on gold.A Secret Time Bomb Made of GoldGold Stocks Are Precious AgainGOLD STOCKS AND THE GREAT CRASH OF 1929 REVISITED>>>Gold-carry trade might just be the next trigger for the next downturn?--------------------------------------------------------------------------------------------Some articles on the current bull run.Will the Bull Run Again?Is the bull run nearing its end?>>>Bull

Views on SGX Seminar "Reading IPO Prospectuses & Annual Reports"

2007-09-30T15:36:00.000+08:00

I attended a SGX seminar on "Reading IPO Prospectuses & Annual Reports" yesterday at SGX Auditorium. The trainer was Mr Th'ng Beng Hooi, a CFA chartered holder. Some things that are taught in this seminar (3.5 hours).1. The criteria for listing on SESDAQ & Mainboard2. Reporting requirements of companies based on market capitalization.3. Requirements on share holding structure of issuer after

Views on current financial outlook

2007-09-21T07:39:00.000+08:00

On Tuesday, the Federal Rate and the Discount Rate were cut by 50 basis points, boosting the sentiments of the financial markets. Yesterday, the Dow Jones closed 0.35% lower after 2 consecutive days of higher close. The quarterly results from the Big 4 US investment banks is mixed. The positives: Goldman Sachs reported results well ahead of Wall Street projections and Lehman's profits fell, but

My Portfolio 6th September 2007

2007-09-06T21:05:00.000+08:00

My portfolio as of 6th September 2007.1. Auric Pacific (PX < NAV & dividend play)2. Aqua-Terra Supply3. Biosensors (Excellent stent products, potential takeover target)4. China Diary5. Chemoil6. China Energy7. Devotion8. Ezra 9. IFS Capital (Px < NAV & dividend play)10. Labroy11. Longcheer12. Japanland (Japan property & Tokyo Stock Exchange component)13. KS Energy14. Mapletree REIT (Dividend play

My first stock investment

2007-09-02T14:16:00.000+08:00

My first stock investment occurred in 2004 when I bidded for Suntec REIT IPO. I managed to be alloted one lot for this. This REIT has been giving consistent yields of above 3% over the years. I sold it in June 2007 to raise cash for other stocks investment. My capital gains for this stock averaged about 28% p.a. (excluding dividends). Other successful stock biddings include Mapletree REIT,

My first investment

2007-09-02T13:00:00.001+08:00

My first investment was a purchase of Ei8ht C from DBS back in 2001. I was making cash deposits over the counter before I got referred to a DBS financial adviser and got persuaded to place SGD$5000 in this UT. My inital thoughts then was I could earn more money instead of leaving my cash in the savings account. I was studying overseas at that time and naively I thought I could redeem the whole