Dear STI continues its downward spiral today.
Jokes aside.
There has simply been too much euphoria fueling the market for too long, now it's losing air like an over-inflated balloon.
For the noobs, yes, this is how scary market crashes can be.
My "huat kueh" (those on paper gains last month) have became "ang ku kueh". Sigh.
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| SG Portfolio down 9% to date :( |
I wonder will they flatten some more to become prata.
I bet they will be real "tasty" then. Can gobble and grow fat from all that oil yield. (REIT buffet anyone?)
That's provided they don't do drastic payout cut.
It's not too difficult to make Ang Ku Kueh I realized. I meant the real ones here.
Jokes aside.
It's really no fun to see US stocks bungee jumped. If you thought the blue chips are bad, wait till you see this...
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| Gap |
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| Gap |
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| More gap |
*Gasp*
There has simply been too much euphoria fueling the market for too long, now it's losing air like an over-inflated balloon.
For the noobs, yes, this is how scary market crashes can be.
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Did some swing trade set ups, hope they will pan out well.
Some facts on (Saxo) trading I have learnt:Did some swing trade set ups, hope they will pan out well.
- Tencent holding is considered a different "stock class" and cost USD25 per trade on SAXO instead of the usual USD4+
- VIX cannot be shorted
- Futures cannot use CFD
Watching the RSI and volume may prove to be useful for momentum.
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