MY TAKE ON INVESTING

Like everyone else, there is only one reason why I study, analyse and participate in the financial markets - and that is to make money. But the difference with me and most other people is that I am willing to use anything (legally) possible to do it. If counting the number of cockroaches that I see everyday gives me an edge in the market, I'll do it. If it works, I'll use it; be it keeping tabs on the economy, looking at charts and indicators (technical analysis), looking at value or growth potential (fundamental analysis), profits & earnings + other related market activity (quantitive analysis), through insider activity + consumer surveys (sentiment analysis) and yes even astrology.

I've spent over five years monitoring, studying, observing and trading the financial markets. My quest was to find out what makes the financial markets move, to find something substantial, something that will provide consistent monetary gains. I don't want to just accept what other authors say/write as gospel truth, I want to know why. In 2005, I took a masters degree in finance to see if what they teach in the university adds any value towards investing success - the answer is 'not really'. Investment knowledge builds up with time - what might seem unimportant to you now may become what you need to get you to the next 'level'. Such is my experience with fundamental, quantitative, economic and sentiment analysis.

What you see in this blog represents quite a number of item(s) and technique(s) that have met - like what W.D. Gann says - my '(utmost) satisfaction' and I hope that they can be of use to the investment pilgrim who's also on a quest for understanding and success.
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Monday, June 20, 2005

16 June 05 My Farewell Dinner

Met up with some of my ex-colleagues at Phillip Securities for dinner at a Thai joint @ Purvis Street. Those who attended were:
1) Walter
2) Desmond
3) Dharma - came bluddy late!
4) Aaron
5) Earvin
6) Joseph
7) David
8) Myself

SAME SH*T AT PHILLIP
The guys were having one of those 'talks' by Jack again, and it seems like they're starting to take notice of people playing computer games during market hours... wahahahaha. I've been told that those who are caught twice for playing computer games will be asked to leave the company. There were times that what they (Credit Admin/Biz Dev) did was simply hilarious. Can't blame those playing games actually, the singapore market's been pretty dead lately because of so much conflicting information coming over from the US side and Oil prices are starting to rally again.

But then again, there's always something to do as a broker, just depends on whether there's enough discipline or not. Being an excellent broker requires alot of effort, balancing between Client Servicing (emailing, sending reports, etc), Market Research and Personal Trading.

In my 9 months at Phillip, I have yet to see/meet a broker that can perform all three tasks. The majority belonging to either the Client Servicing or Personal Trading depts. I spent too much time on market research that my bottom line suffered tremendously and subsequently contributed to my departure.

Back to my colleagues. It seems like the 'conversion' exercise is starting to kick in once again, and this time, I wonder how many casualties there's gonna be this time round.

THE GUYS ARE MOVING ON
I was glad to know that despite the dead market (taking a toll on their brokerage), many of the guys have ventured into futures trading, namely Desmond and Dharma. Desmond's been fiddling with SiMSCI while Dharma the Taiwan Weighted Index. They were thrilled because they said that everything we learnt about Techincal Analysis could be applied to the futures market but worked like a cold-turkey in the Singapore market. I shared that the singapore market requires one to add volume & price analysis on top of the techincal indicators to be effective. But even so, I was commenting on the horrible risk-to-reward ratio of trading in the singapore market requiring me to make 2 winning trades to make up for 1 losing trade... and thus my foray into the US options market... I shared with them my views on options and the guys were pretty interested too...

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