Rainbow on FI

May ended up a month of dismay (no pun intended) as my trading account fell from a net gain to a net loss. The losses came from 2 CFD positions that I made on just a single stock, Expedia. Managing risks Before we trade, we need to know what and how much we are risking. Acting on a spur of the moment without doing sufficient homework may make us take on more risks than we would like to. Most dangerous being in the form of leveraging or averaging down. Quick money = quick disaster Expedia case-in-point (where I have made really stupid novice mistakes): 1) I didn't stick to rule of  position sizing and averaged down on my losing position. Don't ever average down on losses! 2) I didn't set a fixed stop loss point. I eventually cut my losses albeit not timely enough. If I didn't do that, it would have snowballed to an even bigger loss. 3) I didn't analyze the chart and sentiments on the stock thoroughly.  Was too late in the trend and e...

When will a dream come true? Is it only upon a blue moon as I wait by the shade of the night hue Praying that the time comes soon When will a dream come true? Is it the time when I finally wake To a world of chaos and it has no sense to make When will a dream come true? Is it a thing too much to ask for Or am I just a gullible fool Till the time I dream no more From an original piece I have posted back in year 2003 on Deviantart. --- When I don't have too much mental capacity to trade or do anything else, I would now find solace and calm of mind in art creation. It's a passion which I have stopped pursuing after graduation and recently reignited. Given limited time in each phase of our life, we tend to give up on something of initial interest as we pursue what seems most important at the moment. When we finally achieved, sometimes, we may doubt ourselves on how meaningful is that eg. a promotion.  It's perhaps time for me to take a pause again. ...

I am a fruit wholesaler and I have got a pallet of rotten apples. Nobody wants to buy the whole pallet of rotten apples from me (duh!). However, I cannot let the pallet of rotten apples just sit there bringing no value to my business. It's been years and I HAVE to get rid of it. Credit: Unsplash  @carolineattwood How about I force-distribute the rotten apples to all my business partners to bring home (portion divided based on their shareholding)? They can then try to sell them in the market to those who don't know better or keep for own consumption (eh?).  So voilà!  The rotten apples are out of my inventory. Erm wait, actually the pallet is run by my sworn brother so I cannot leave him in the lurch. He has previously taken a loan from me, so in order to help him, I have agreed to offset the loan by taking some of his apples in exchange to distribute. I hope he can use the money (now not needed to repay his loan) wisely to prevent more r...