To record down items failed after try out as a reminder for future.
Summary
1) FD usage mistake. low efficient.
2) FD long term. lack of forex risk awareness.
3) hold too much of FD. incur loss on potential gain
4) Force trade. incur high risk on stock trading.
5) AEONCR - ICULS - mistake on not aware conversion only at ICULS not ICULS plus cash
6) IQgroup - Mistake on chase high. ignorance or too optimistic on the QR results. but end up results poor for 18Q1. however based on the industry review is still optimistic.
7) Hevea - Mistake on not sell when signal show trigger cut loss.
8) Too calculative on minor forex loss and lets go of big bull trend in USA.
9) Mistake trade on option without consider cover stock, the advantage will be on time decay.
1) Year 2015 and before did not pay attention on capital efficient while a much capital was just put into Fixed Deposite (FD) for the fixed interest. FD was put in per month. instead of a longer term was due to think of may use the capital soon. but in fact after a year this capital was not used.
Mistake - did not use capital efficient. ; Revision - capital was into longer term instead of one month only.
2) Following with the FD from month to longer term per half year or per year according to promotion available during 2016. however find out that the much FD was place indeed the much capital was depreciate as during this time, MYR was deeply depreciated against USD. this make me awake that importance on diversify on Forex risk. it was just like i did nothing wrong but i was punish with penalty on my money due to mistake done by government.
Mistake - did not diversify forex risk even after 2015 first depreciation of MYR ; Revision - suitable adjust forex risk to mitigate a deep drop in single currency again.
3) FD yearly or half year did not bring much capital gain. during recession time shall buy more blue chips stock and hold. wait for recovery and earn much capital again.
Mistake - afraid of buying stock, just want safety of FD but indeed loss on best time capital gain opportunity ; Revision - each time recession is good time to buy and hold.(to remind the future me when i see this again)
4) Force my self to trade. 2017 was force trade on my self looking at the Nasdaq was breaking new high, rational tell me not to chance high but was failed to emotional and greed and chase high. end up was stuck at high price. i totally forgot US stock are applicable for put option as well.
Mistake - force trade. can hold on capital ; Revision - trade plan shall be available and trade base on plan.
5) AEONCR -LR or ICLUS was a mistake as not aware on the conversion can only be made by using ICULS means at conversion price of 10.99 1 need to have 11,000 ICULS only can convert into ordinary share. also there is alot of hassle to go get bank draft and post to registar etc. original was thought it can be ICULS + cash but appear only can convert by ICULS only.
6) IQgroup - Buy or chase high, QR show poor results. market drop 21% directly incur loss immediately. shall not chase high or over optimistic.
7) Hevea - did not sell when signal have trigger to cut loss. due saw EPF buy in during the period also did not willing to acknowledge on the statement hevea earning potential is impact as mentioned by the MD. price drop below and incur losses.
8) Year 2016 MYR bid drop and delayed my plan to convert MYR to USD in wish to start on USA stock, the rate exchange was indeed minor in compare to the bull trend that Nasdaq have created. too calculative on small money and lets go of big money.
9) Option trade on NVDA mistake on selling option too rush with short time decay. and too low strike price. create problem on both strike price and premium earning.
the mistake cost USD 75.
Problem is not take full simulation or consideration on the asset underlying if wish to continue hold using margin or sell out while take higher premium with longer time line.
trade details as below.
| 12/26/2017 9:03:57 AM | tAndroid SOLD -1 NVDA 100 (Weeklys) 29 DEC 17 202.5 CALL @.21 MIAX | ($2.95) | $21.00 |
| 12/27/2017 8:43:10 AM | tAndroid BOT +1 NVDA 100 (Weeklys) 29 DEC 17 202.5 CALL @.90 NASDAQ | ($2.95) | ($90.00) |
consider carefully on asset holding or the stock trending moving onwards. if on downtrend should sell it with having higher possible premium. else should take lower premium with less chance of exercise.
I see what will u write down.
ReplyDeleteSo 2018 no failure? All succeed?
ReplyDelete