Understood from the group that Josh has "hit" the jackpot and is the big winner with the recent trades. He will be buying a treat for all come Tuesday...and I am very happy that I prediction of him being the "brightest spark" from the group was proven right!
Now....when I have the time then I can know who to look for to help me with the forex thingy. My aim is to win back my tuition fee and what I lost so far. That should be too much to ask if I go for $100 per pip since I have a few thousand in my forex account still with Onuda! I can also start funding my MFG forex account by transferring a few thousand from my CFD account or just bank-in the cash! No big deal to get it done...with 4 rest days next week.
Alamak...I have to plan to spend some time for my income tax filing hahaha, so fast already now in April. Last day for filing is 15th Apr...shit!
Saturday, April 03, 2010
Weekend again and Market Outlook for next week!
Yes...Good Friday and I am not working then just gotto go work on Saturday. After that I can looking forward to 4 days rest again.
With the strong job data out from US on Friday, I can look forward for a nice trading week here and HK come Monday. Since HK market will be on long holiday......re-open only on Wed, I can focus my attention on a couple of penny stocks here eg Biosensor and Oceanus. In fact...there are a few stocks looking good too eg SG Global, Swiber, Midas but these are not penny ones haha! Hopefully can make some spare changes for a nice meal out with the family hehe.
Why just focus...I can redirect on free equities to the above stocks until the HK market opens on Wednesday since my core stock is still SMIC and Henderson Inv looking "weak" therefore it is advisable to keep the free equities at about 30% level if not....too worrying during any drop! Since I hold about 50% of my fund in SMIC already but with the present data...I am not worried about SMIC at all but just want to stay on the safe side with regard with Henderson Inv. May plan to slowly cut down on the later to vest in Tom Group HK2383. With Google.com demised in China.....
it may open opportunities for this Tom group.
4D - no luck today, will see tomorrow. Anyway already cut down to basic haha!
With the strong job data out from US on Friday, I can look forward for a nice trading week here and HK come Monday. Since HK market will be on long holiday......re-open only on Wed, I can focus my attention on a couple of penny stocks here eg Biosensor and Oceanus. In fact...there are a few stocks looking good too eg SG Global, Swiber, Midas but these are not penny ones haha! Hopefully can make some spare changes for a nice meal out with the family hehe.
Why just focus...I can redirect on free equities to the above stocks until the HK market opens on Wednesday since my core stock is still SMIC and Henderson Inv looking "weak" therefore it is advisable to keep the free equities at about 30% level if not....too worrying during any drop! Since I hold about 50% of my fund in SMIC already but with the present data...I am not worried about SMIC at all but just want to stay on the safe side with regard with Henderson Inv. May plan to slowly cut down on the later to vest in Tom Group HK2383. With Google.com demised in China.....
it may open opportunities for this Tom group.
4D - no luck today, will see tomorrow. Anyway already cut down to basic haha!
Thursday, April 01, 2010
"Raise Your Game" - DON’T GO FOR BROKE!
When approaching any type of venture that involves risk capital, be it investing, trading, gambling, starting a new business, etc., the most elementary concept, yet the most powerful, is money management.
Your available capital in trading and investing, your bankroll in gambling, or cash flow with the start-up company is the life line to success and the cornerstone to making the most logical and correct decisions that will guide you along the most profitable path.
Without proper money management, many of the decisions you make may be clouded by irrational or emotional behavior that can lead to undesired outcomes.
So, what course of action can you employ to prevent or minimize mistakes on your decision making processes and limit subjective reasoning?
Let’s set a poker scene to illustrate a perfect example of the money management effect.
You decide to sit down at a $5-$10 No-Limit Hold’em cash game table with your entire bankroll of $5,000, which is at risk throughout your session. You are dealt Ace of diamonds and King of spades on the button and raise 2 limpers to $50. Both of the blinds fold, but the two limpers call your raise, bringing the pot to $165. You do not know much about your two opponents, but you see that they both have your bankroll covered.
The flop comes, King of clubs, 8 of clubs and 2 of hearts, a very good flop for your hand, giving you top pair and top kicker.
Both of your opponents check to you, and you decide to bet $150. The first player folds, but the other opponent decides to raise. Your opponent raises an amount that puts your bank roll “all in”, which amounts to $4,800 more!
The action is back to you ... what do you do?
Well, it would seem like your opponent has your big pair beat and the prudent option is to fold. You have only 1 pair (right?), albeit the best pair and best kicker.
But let’s go one more step; say that your opponent shows you his hand, the Ace of clubs and 5 of clubs!
Would this make your decision easier?
It sure would: your opponent is on a club flush draw. You are a 2-1 favorite, 66% (9 possible clubs left in the remaining unseen deck, twice) to win the entire pot and double up, and all you need to do is avoid a club on the turn and river and you will be raking in a mountain of chips.
So why haven’t you called yet? Most players relish this scenario. Are you starting to get a lump in your throat, maybe sweating profusely? Sure you are, your ENTIRE bankroll is at stake!
If you call and that club comes (there’s a 33% chance this will happen), you’re done! Are you willing to risk your entire stake, your lifeblood, right here, right now? If you get unlucky and your hand does not hold up this one time, you will be wiped out!
The logical and mathematical play is obvious, you call! You are getting better than even money on the pot ($5,265 in the pot versus $4,800 to call, making it 1.096-1), and you’re a 66% favorite to win! This is a huge positive expected value.
Your opponent is gambling on a draw into your made hand. Can you see what predicament you have put yourself in? You have changed the paradigm, cluttered with subjective reasoning (your emotions and mental state have now become a factor because of the possibility of financial ruin), when clearly the mathematical edge objectively is to call the bet 100% of the time.
In fact, the long run specifically makes you a huge winner as you increase the frequency of being involved in this same scenario. If you play out the same scenario 100 times, you should win close to 66 pots, losing 33 pots roughly, making each individual outcome essentially a non event, removing the emotional aspect from your decision making.
So how do you effectively manage this scenario where you can correctly make the decision and call 100% of the time and feel comfortable about it as well?
Simple: you never ever put your entire bank roll in play.
Let’s use the same scenario, but now you buy-in using 5% of your bank roll, $250. (Obviously you will be stepping down in limits).
Now when you get involved in this same scenario, I am sure without hesitation, you will call 100% of the time. Why? Because you know there is huge value in calling, and if that flush does come, it may sting a little, but won’t devastate. You still have 19 buy-ins left.
And the best part, over the next 19 similar scenarios, the probability will approach the 66% favorable edge, and you will win close to 13 out of the 20 hands, increasing your bankroll.
When trading and investing, it is vitally important that your decision making does not become clouded and skewed by risking a significant amount of your account on any one position.
Emotional behavior always distorts objective reasoning.
You never want to be in a trade that you believe has a good probability of a profitable outcome, but may initially move against you to the point that emotional judgment overtakes your actions.
Possibly, your decision variables may still confirm your initial action; however the emotional response can trigger an untimely stop/loss.
The smart play in the above scenario would have been to never put yourself in that position to begin with. Just as you should never put a significant percentage of your account into one trade, you never want to sit down at a poker table where joining the game requires playing with a huge portion of your bank roll.
In other words, never over-commit your capital on any single position and you will find yourself making better objective decisions maximizing the edge for success.
Always remember to focus on trading with your head, and not over it.
Your available capital in trading and investing, your bankroll in gambling, or cash flow with the start-up company is the life line to success and the cornerstone to making the most logical and correct decisions that will guide you along the most profitable path.
Without proper money management, many of the decisions you make may be clouded by irrational or emotional behavior that can lead to undesired outcomes.
So, what course of action can you employ to prevent or minimize mistakes on your decision making processes and limit subjective reasoning?
Let’s set a poker scene to illustrate a perfect example of the money management effect.
You decide to sit down at a $5-$10 No-Limit Hold’em cash game table with your entire bankroll of $5,000, which is at risk throughout your session. You are dealt Ace of diamonds and King of spades on the button and raise 2 limpers to $50. Both of the blinds fold, but the two limpers call your raise, bringing the pot to $165. You do not know much about your two opponents, but you see that they both have your bankroll covered.
The flop comes, King of clubs, 8 of clubs and 2 of hearts, a very good flop for your hand, giving you top pair and top kicker.
Both of your opponents check to you, and you decide to bet $150. The first player folds, but the other opponent decides to raise. Your opponent raises an amount that puts your bank roll “all in”, which amounts to $4,800 more!
The action is back to you ... what do you do?
Well, it would seem like your opponent has your big pair beat and the prudent option is to fold. You have only 1 pair (right?), albeit the best pair and best kicker.
But let’s go one more step; say that your opponent shows you his hand, the Ace of clubs and 5 of clubs!
Would this make your decision easier?
It sure would: your opponent is on a club flush draw. You are a 2-1 favorite, 66% (9 possible clubs left in the remaining unseen deck, twice) to win the entire pot and double up, and all you need to do is avoid a club on the turn and river and you will be raking in a mountain of chips.
So why haven’t you called yet? Most players relish this scenario. Are you starting to get a lump in your throat, maybe sweating profusely? Sure you are, your ENTIRE bankroll is at stake!
If you call and that club comes (there’s a 33% chance this will happen), you’re done! Are you willing to risk your entire stake, your lifeblood, right here, right now? If you get unlucky and your hand does not hold up this one time, you will be wiped out!
The logical and mathematical play is obvious, you call! You are getting better than even money on the pot ($5,265 in the pot versus $4,800 to call, making it 1.096-1), and you’re a 66% favorite to win! This is a huge positive expected value.
Your opponent is gambling on a draw into your made hand. Can you see what predicament you have put yourself in? You have changed the paradigm, cluttered with subjective reasoning (your emotions and mental state have now become a factor because of the possibility of financial ruin), when clearly the mathematical edge objectively is to call the bet 100% of the time.
In fact, the long run specifically makes you a huge winner as you increase the frequency of being involved in this same scenario. If you play out the same scenario 100 times, you should win close to 66 pots, losing 33 pots roughly, making each individual outcome essentially a non event, removing the emotional aspect from your decision making.
So how do you effectively manage this scenario where you can correctly make the decision and call 100% of the time and feel comfortable about it as well?
Simple: you never ever put your entire bank roll in play.
Let’s use the same scenario, but now you buy-in using 5% of your bank roll, $250. (Obviously you will be stepping down in limits).
Now when you get involved in this same scenario, I am sure without hesitation, you will call 100% of the time. Why? Because you know there is huge value in calling, and if that flush does come, it may sting a little, but won’t devastate. You still have 19 buy-ins left.
And the best part, over the next 19 similar scenarios, the probability will approach the 66% favorable edge, and you will win close to 13 out of the 20 hands, increasing your bankroll.
When trading and investing, it is vitally important that your decision making does not become clouded and skewed by risking a significant amount of your account on any one position.
Emotional behavior always distorts objective reasoning.
You never want to be in a trade that you believe has a good probability of a profitable outcome, but may initially move against you to the point that emotional judgment overtakes your actions.
Possibly, your decision variables may still confirm your initial action; however the emotional response can trigger an untimely stop/loss.
The smart play in the above scenario would have been to never put yourself in that position to begin with. Just as you should never put a significant percentage of your account into one trade, you never want to sit down at a poker table where joining the game requires playing with a huge portion of your bank roll.
In other words, never over-commit your capital on any single position and you will find yourself making better objective decisions maximizing the edge for success.
Always remember to focus on trading with your head, and not over it.
SMIC - Chinese Semi Shares Drop on Sale Rumor
SHANGHAI, China (TheStreet) -- Shares of Chinese semiconductor firm Semiconductor Manufacturing International(SMI) were down on Wednesday after press reports that the semiconductor company was selling a wafer plant in Chengdu, the capital of Sichuab Province, to Texas Instruments(TXN).
Reuters reported the potential sale to Texas Instruments on Tuesday, and the Chinese business press reported on the planned sales also -- both citing anonymous sources close to the companies. More than 1 million shares of Semiconductor Manufacturing had been traded before midday on Wednesday. The Chinese semiconductor company's average daily volume of ADR shares traded is only 224,000.
Shares of Semiconductor Manufacturing were down 4.2% to $6.39 at midday Wednesday. Shares of Texas Instruments were trading close to flat.
The Chengdu plant is operating under an agreement with the local government, which owns the plant. The press reports did not specify whether Texas Instruments was planning to buy the plant from the Chinese government, or take over operations in an arrangement similar to Semiconductor Manufacturing International's existing arrangement.
Texas Instrument and Semiconductor Manufacturing officials declined to comment to the press.
At least...this explained the yesterday's price drop of 5cts. Then again with today's closed....of adding back 3 cts. Things maybe not so bad even with the planned sales of the above plant.
Btw...the US ADR now is up by 3+% to USD6.60 and with the positive job data out from US, can expect that the coming week should be a good trading week
Reuters reported the potential sale to Texas Instruments on Tuesday, and the Chinese business press reported on the planned sales also -- both citing anonymous sources close to the companies. More than 1 million shares of Semiconductor Manufacturing had been traded before midday on Wednesday. The Chinese semiconductor company's average daily volume of ADR shares traded is only 224,000.
Shares of Semiconductor Manufacturing were down 4.2% to $6.39 at midday Wednesday. Shares of Texas Instruments were trading close to flat.
The Chengdu plant is operating under an agreement with the local government, which owns the plant. The press reports did not specify whether Texas Instruments was planning to buy the plant from the Chinese government, or take over operations in an arrangement similar to Semiconductor Manufacturing International's existing arrangement.
Texas Instrument and Semiconductor Manufacturing officials declined to comment to the press.
At least...this explained the yesterday's price drop of 5cts. Then again with today's closed....of adding back 3 cts. Things maybe not so bad even with the planned sales of the above plant.
Btw...the US ADR now is up by 3+% to USD6.60 and with the positive job data out from US, can expect that the coming week should be a good trading week
SMIC
Yes...today it managed to close higher by 3cts which was a good sign with regards to it's up-trend mode esp after yesterday fall of 5cts.
I am banging on this counter to help me to win "big" since my prediction is that the share price will continue to raise to above HKD1.30 ( price of conversion of warrant to common share for TSMC ). To make sure...it is attractive for them to convert, I expect the big boys will play-up this stock to over HKD1.60 as they had a "lock-up" period for their 10% stake in SMIC.
With that...there is likely to have another 50+% up-side.
I am banging on this counter to help me to win "big" since my prediction is that the share price will continue to raise to above HKD1.30 ( price of conversion of warrant to common share for TSMC ). To make sure...it is attractive for them to convert, I expect the big boys will play-up this stock to over HKD1.60 as they had a "lock-up" period for their 10% stake in SMIC.
With that...there is likely to have another 50+% up-side.
Wednesday, March 31, 2010
Wednesday up-date
Stock - had a super run on Tuesday and managed to recoup all the losses and in fact the fund's GLV was showing a profit for the 1st time of 3.8K but today....it was back to sq one. Again GLV was down by 14K by the close. WTF!!!!
The funny thing about investment is that when the market is down....almost all the shares on hand will drop accordingly, more or less. But in up market....sometimes not all will go up accordingly too. Today....all on hands dropped.....shit! and was down by 18K ( most still just paper loss - realised only 3.5+K as kena stopped out for Noble and I also sold off Global Bio-Chem becoz it just broke the support-line )
4D - correction....got kena $500 starter for 9543 ( I-bet ), kena until I didn't know and only got it after going thru the 4D result on Sat. SHIT!!!...anyway it is a good thing haha.
Yesterday I went to pray pray at Waterloo Temple and also asked for a chaim-see. Got one....no 88 which predicts : Everything is govern by nature and fate but at the same time....situation can be changed by a change in fortune. Just got to pray to Buddha for help and it will be granted.
The funny thing about investment is that when the market is down....almost all the shares on hand will drop accordingly, more or less. But in up market....sometimes not all will go up accordingly too. Today....all on hands dropped.....shit! and was down by 18K ( most still just paper loss - realised only 3.5+K as kena stopped out for Noble and I also sold off Global Bio-Chem becoz it just broke the support-line )
4D - correction....got kena $500 starter for 9543 ( I-bet ), kena until I didn't know and only got it after going thru the 4D result on Sat. SHIT!!!...anyway it is a good thing haha.
Yesterday I went to pray pray at Waterloo Temple and also asked for a chaim-see. Got one....no 88 which predicts : Everything is govern by nature and fate but at the same time....situation can be changed by a change in fortune. Just got to pray to Buddha for help and it will be granted.
Tuesday, March 30, 2010
TSMC Moves to Take Stake in Chinese Rival
By TING-I TSAI
Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker by revenue, has applied to the Taiwan government for approval to acquire a 10% stake in China's Semiconductor Manufacturing International Corp. as part of a legal settlement.
The expected move, the direct result of a lawsuit in which TSMC accused its mainland rival of stealing trade secrets, brings TSMC one step closer to becoming a major shareholder of the Chinese company that had set out to challenge its market dominance.
Under their settlement last November, SMIC agreed to pay $200 million, an 8% stake in itself and warrants covering a further 2% to TSMC. The settlement came a week after an Alameda County Superior Court jury in California ruled in TSMC's favor in the case after a nine-week trial.
But the Taiwanese government had prohibited its technology firms from investing in China. In February, however, it moved to ease regulations allowing the island's chip makers to invest in their Chinese counterparts.
J.H. Tzeng, spokesman for TSMC, confirmed a local media report on the application to take the stake Sunday.
TSMC filed suits in 2003 accusing SMIC of infringing on its patents and stealing technological secrets related to manufacturing recipes used in fabricating chips on silicon wafers. SMIC disputed the allegations, but in January 2005 agreed to pay $175 million as part of a settlement over those allegations. Later that year, TSMC filed another suit that accused SMIC of violating terms of the settlement.
Following last year's settlement, Richard Chang, founder of SMIC, resigned from his post as chief executive. Mr. Chang, a semiconductor industry veteran, founded SMIC in Shanghai in 2000, with backing from the Shanghai government and Chinese banks. SMIC is part of China's broader push to develop advanced high-tech industries, but has been struggling with annual net losses since 2005.
Please note - the closing price of the US - ADR for SMIC was at US$6.67 ( up by 61 cts - 10.07% ) from this....you will see another steady move again today!
HUAT AH!!!! and enjoy the nice ride!
Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker by revenue, has applied to the Taiwan government for approval to acquire a 10% stake in China's Semiconductor Manufacturing International Corp. as part of a legal settlement.
The expected move, the direct result of a lawsuit in which TSMC accused its mainland rival of stealing trade secrets, brings TSMC one step closer to becoming a major shareholder of the Chinese company that had set out to challenge its market dominance.
Under their settlement last November, SMIC agreed to pay $200 million, an 8% stake in itself and warrants covering a further 2% to TSMC. The settlement came a week after an Alameda County Superior Court jury in California ruled in TSMC's favor in the case after a nine-week trial.
But the Taiwanese government had prohibited its technology firms from investing in China. In February, however, it moved to ease regulations allowing the island's chip makers to invest in their Chinese counterparts.
J.H. Tzeng, spokesman for TSMC, confirmed a local media report on the application to take the stake Sunday.
TSMC filed suits in 2003 accusing SMIC of infringing on its patents and stealing technological secrets related to manufacturing recipes used in fabricating chips on silicon wafers. SMIC disputed the allegations, but in January 2005 agreed to pay $175 million as part of a settlement over those allegations. Later that year, TSMC filed another suit that accused SMIC of violating terms of the settlement.
Following last year's settlement, Richard Chang, founder of SMIC, resigned from his post as chief executive. Mr. Chang, a semiconductor industry veteran, founded SMIC in Shanghai in 2000, with backing from the Shanghai government and Chinese banks. SMIC is part of China's broader push to develop advanced high-tech industries, but has been struggling with annual net losses since 2005.
Please note - the closing price of the US - ADR for SMIC was at US$6.67 ( up by 61 cts - 10.07% ) from this....you will see another steady move again today!
HUAT AH!!!! and enjoy the nice ride!
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