The bears den

[Kapish]

There is a 50% chance something bad will happen to the stock market soon: top strategist
50/50 coin toss by an expert

https://money.yahoo.com/there-is-a-...stock-market-soon-joseph-davis-173617754.html

 

[[M]aiev]

Yup, 2019 turned out to be the best year for me. Time in market is better than timing the market.

same same, good for those investors. Best part is can outperform S&P500 at least for me as an investor.

 

[revhappy]

Yup, 2019 turned out to be the best year for me. Time in market is better than timing the market.

I had a look at your website, awesome growth last year indeed.

I am curious, can you let me know your cpf balance in 2013 and 2019? I just want to see how your overall networth has grown in the last 6 years.

My networth has grown more than your portfolio over that period, but that is not a fair comparison, since in my case cpf is not deducted.

Here is mine

 

[lasnoblur]

When everyone becomes bullish means the bear may appear out of nowhere.

yes.

some sort of crisis will appear.

those who push and pull the market always have a reason to justify it.

debt is growing every year. major gov are delaying this crisis.

 

[revhappy]

My first futures trade

 

[revhappy]

Closed for a tiny profit. Futures are way better than CFD.

 

[DukeCS33]

Closed for a tiny profit. Futures are way better than CFD.

Your transaction costs took out a large chunk of the PnL. This would not be sustainable over the long run.

 

[revhappy]

Your transaction costs took out a large chunk of the PnL. This would not be sustainable over the long run.

Yeah, not for day trading. But if you want to take advantage of a dip, on margin, while your money in locked up somewhere, this is a good instrument.

I just want to know what tools are out there. CFD is even worse, it is 0.2% for each transaction leg.

 

[DukeCS33]

Yeah, not for day trading. But if you want to take advantage of a dip, on margin, while your money in locked up somewhere, this is a good instrument.

I just want to know what tools are out there. CFD is even worse, it is 0.2% for each transaction leg.

Depends on your broker... Interactive is cheapest but not platform needs some getting use to. Saxo is more friendly but you need to be active to negotiate for lower fees.

 

[revhappy]

Depends on your broker... Interactive is cheapest but not platform needs some getting use to. Saxo is more friendly but you need to be active to negotiate for lower fees.

IBKR doesn't allow trading SGX and right now SG stocks are the only cheap assets left in the world.

 

[coolhead]

IBKR does allow trading SGX and right now SG stocks are the only cheap assets left in the world.

You confirm IBKR can trade SGX? I will drop Philips straight away.

 

[revhappy]

You confirm IBKR can trade SGX? I will drop Philips straight away.

Oops, typo, I meant IBKR doesnt allow to trade SGX, which is why I use Saxo.

 

[revhappy]

Depends on your broker... Interactive is cheapest but not platform needs some getting use to. Saxo is more friendly but you need to be active to negotiate for lower fees.

I just realized, after reading your comment again, I have funded my Saxo account more than 50k, so it should be platinum and I should be charged lower fees. I thought it is automatic, maybe I have to call them and tell them. I will call them tomorrow. Thanks.

 

[revhappy]

This seems to be the best phase in the market for gains. Although totally disconnected from fundamentals and totally liquidity driven. S&P could go up 1% a day everyday now. If only someone is bold and can open positions. This makes all the macro analysts look like fools.

 

[JuniorLion]

This seems to be the best phase in the market for gains. Although totally disconnected from fundamentals and totally liquidity driven. S&P could go up 1% a day everyday now. If only someone is bold and can open positions. This makes all the macro analysts look like fools.

You bold enough to make others look like fools?

 

[JustDoLor]

This year is the start of the 2nd year of a new 10-year bull market ah!? Mini bear ah, come come, where r u....

 

[d9_lives]

Yup, 2019 turned out to be the best year for me. Time in market is better than timing the market.

It's proven again and again.
I read your blog, very inspiring.
I am not in REITs or any dividend stock though. Well, maybe one... Raffles Medical, about 10k shares stuck. Just checked, seems dead.

I wish you all the best in this year.

 

[Angry Bird]

This seems to be the best phase in the market for gains. Although totally disconnected from fundamentals and totally liquidity driven. S&P could go up 1% a day everyday now. If only someone is bold and can open positions. This makes all the macro analysts look like fools.

woah! you make it sounds like this is the last leg of bull market? and you are turning from bear to bull??..

 

[revhappy]

Duke, what is your strategy now? Do you see this pull back lasting, or will the Fed repo injections will take the market higher?

https://www.bloomberg.com/news/arti...s-for-repo-operations-through-to-mid-february

I believe the Fed will not allow the markets to fall. They will increase their Repo and Trump will start releasing more and more fake news if markets fall.

 

[DukeCS33]

Duke, what is your strategy now? Do you see this pull back lasting, or will the Fed repo injections will take the market higher?

https://www.bloomberg.com/news/arti...s-for-repo-operations-through-to-mid-february

I believe the Fed will not allow the markets to fall. They will increase their Repo and Trump will start releasing more and more fake news if markets fall.

Macro wise, I do not like that tariffs have not been rolled back and that rolling back taxes would be considered only after US elections under phrase 2. In so far as no new tensions flare up, there should not be a reason for any drastic sell off. Fed action should still continue to be supportive.

It is earnings season and this would be a bigger driver for the markets. We have a backdrop of liquidity supporting the Markets but if valuations get over stretched (either because earnings taper off or prices run away from here) then we may expect a pull back. So I think it is still going to trade cautiously higher though I see buying momentum easing somewhat - there is no supply as yet so this gradual grind higher may continue.

I am doing abit more swing now but intraday momentum trades would still be my main play. Stocks such as ALB, BAM, CGC which have been consolidating, have made some strong momentum push higher over the last 2 days - I find that this type of technical setups give me the quick intraday results that I like and allow me to carry a portion for swings. So this is my main strategy.