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Listen to Aristotle "As it is not one swallow or a fine day that makes a spring, so it is not one day or a short time that makes a man blessed and happy." We lived in a fast paced society and the silly need to compare with what others have have become an obsession to many! We compare cars, houses, enrichment programs and even the stocks we buy. It seems that we are living in borrowed times as if achieving these material things will make you happy. But there is no end. Once you got the first possession, you knew you could have another if you tried once more. And the cycle repeats. By itself, it is part of the growth process but the essence of chasing it blindly and oblivious to other important facets of your life like Family , Faith, Health, etc are put on the pedestal. Worth it ? I guess those who are nursing their health back will be more than ready to exchange their wealth for an extra year or those who made it to the top at the expense of losing their family would love life to give them a second chance. Life can be brutal and lessons are painful as well. We may not get second chance and some mistakes are irreparable. Thus, our actions leads to consequences and when we pick one end of the stick, invariably we have the other as well. It comes as a package. So choose wisely, my friends ! Investing as I have realised is more than making capital gains. It is a reflection of who you are, what you want in life and how you go about acquiring it. Your greed, envy, anger, etc will be a driving force to get you to trade more , to take revenge in the market , to accelerate your time spent in front of the laptop monitoring the price. On the other side, peace, love, faith, abundance mentality, family, charity can be your end results when you achieved what you want in your investment objectives. 2020 is over and it will never come back. Blame it on Covid-19 pandemic or not, no one , not even the world's richest nor powerful man can claim back the lost hours. We must march on, seize the moments in front of us daily and have the courage to take actions, adjust our directions and slowly but surely get to where we want. In this pursuit, others are watching and our actions, behaviour become their role models to learn from, to pass down from generations to generations.
CBOT:ZW1!Long
by dchua1969
Understanding candles pattern in Wheat 1H chart Reading chart is always backwards and forward looking in a sense. There will always be (except IPO stocks) historical patterns on different time frame to give you ideas where the price is heading. In this case, it is quite clear where the support and resistance is. Once you identified it, you can then map it across the longer time frame like Day and week to know the bigger direction and decide if you want to go alongside and ride the main trend OR trade the shorter time frame based on the patterns shown. So, you can make money shorting on pullbacks, you can also make money going long when it is bearish. Thus, using the words ' long or short is meaningless unless you map it across the time frame. One author can say long SPX500 in the long term and he is probably right and another might want to short it and he too can be right ! The important thing is what time zone are you trading on ? Are you comfortable with the risks that tags along ? If not , stick to what you know and not follow others blindly. Everyone has a different risk tolerance. Just like running a marathon is not everyone's cup of tea but most can take a 5 miles run on a leisure pace . Be comfortable and not compromised in your trades.
CBOT:ZW1!Short
by dchua1969
New year resolutions 2021It is the beginning of the year and this is the time when you are likely to see membership in gyms, yoga, fitness centres pick up. We are all living our lives in separate rooms and also in a big room. Let me explain. You see, when you go to work and if you do enjoy your work, then you derive not only financial compensation but you also gain friendship, teamwork, leadership skills, etc at work. This is something that is transferable when you move on to the next vocation. So this year, 2021, what would you like your new career to be ? The pandemic may hit some of us hard, especially financially and that is where most of us derive our main source of income from. And where that collapsed, we find ourselves in a pitiful state trying to live from hand to mouth and worrying constantly about bills, mortgages, etc. Make a firm decision that you would do SOMETHING this year ! There is no need to spend lots of money , just some tweaking of your daily habits. Here are some of my suggestions and things that I do : 1. Get a clear glass container - This is where you deposit a minimum dollar coin into it each day. Seeing it filling up is satisfying. And when it reaches a certain level, you can use it wisely for investment. 2. Food - Despite the pandemic, it seems like many of us are still eating food no less but more in my observation. The trend of food delivery where we can now access to a wide variety of food 7/24 makes it scary. Scary because we humans sometime lack discipline and we overeat. That means, piling on a wide suite of lifestyle diseases like diabetes , high blood pressure, cholesterol,etc. Make sure you exercise more than you eat as a rough guide. 3. Transport - If pre-Covid days , you have been cruising on Uber and Grab and make it a lifestyle, make an attempt to change it this year. Maybe not all days but 2-3 x a week. Make an effort to take public transport (especially in Singapore where it is so convenient, affordable and accessible). First you get to walk the extra mile, give you heart a good exercise and also save some money. 4. Smoking and drinking - I have quitted smoking many years ago and also do not drink. Remember, your health is your own responsibility, not others. So, make a conscious effort to quit it this year! You will be amazed how much more energy you have after you did it and it would be the best decision you ever made in your life ! 5. Watching TV - I am guilty ever since my wife subscribed to Netflix. So, I am limiting myself to an hour maximum regardless how interesting or exciting the plot of the story may be. Sitting in front of the TV, munching bags after bags of snacks is a sure way to put on weight, destroy your brain cells and most important of all, an unhealthy way to spend your time. 6. Exercise - I cant say enough of this. Lately, I am quite obsessed with swimming and have been practising hard for it. I do see some improvements but I know from my coach perspective that I need to work on the techniques, stamina ,etc. No need to sign up expensive gym membership for a start. Just make a point to walk more. For example, you can alight one stop earlier and walk to your destination. Or hit the parks around your residence in the evening instead of mindless surfing the net or updating your social media profile ! 7. Reflection - This is a important part for me as by now, some of my followers know that I write quite a fair bit. Time passes fast and before you know it, January is over. So make a point to write down what you want to achieve this year. It need not be an audacious goal like conquering Mount Everest or things like that. It can be to hit the road 2 times a week. That is a good start. Then gradually increase when your stamina improves. This year, I want to be more mindful of the way I communicate with my kids as I know I am a role model to them. I need to watch my non-verbal as well as verbal communications. It is not going to be easy but it is important so it is a MUST DO on my list I will be conscious and think through my words before it blurt out from my mouth. Patience - yes yes yes , not only in investment but also towards raising kids. If God is so forgiving towards my sins, there is no reasons that I can't forgive others especially my family members (no matter what they did ). It takes time, effort and practice. 8. Investment - I put this last because there is so much to reflect on. Reading through some of my past posts, I realised at times , I still allow noises, greed, pressure to overtake me and I succumb to their evil plot. So, this year, I want to be more consistent in my trades and investment. In short, I need more sources of capital to shore up on my portfolio. There are still many good companies that I have or have not analysed that have good potential to grow. I will post them as soon as I find time to analyse the charts. IF this area is something that you want to embark on , I welcome you to join me in this journey of discovery and excitement. Again, I have followers (some in SG and others elsewhere) asking me to conduct an online course as they are keen to learn about my strategies. I promise to carve out time for this and will make known my decision of the dates and investment needed. Lastly, I wish everyone a fabulous 2021 year ahead and I earnestly believe this will be our best year ahead. Take MASSIVE action Today !
CBOT:ZW1!Long
by dchua1969
Socialist Oil Countries are going to starveThe price is dropping very rapidly, as I want it too. So I better make this quick. Demand is up because of humans but also animals, production not great. "A wet winter and dry spring in the UK is set to yield its smallest crop since 1981, Carr’s Flour said in its monthly market report." I watch some agricultors on youtube, west europeans barely make money if they are not industrials, and 1 guy had a poor harvest that caused him to be in the red for the year. The European Commission came up with a decline of surplus exports of 5.7% for the EU + UA + RU. Argentina had low yields because of poor rainfall. The USA also had a bad harvest, and their stocks are almost empty last I checked. Socialist Oil country must be panicking, maybe they make some orders before the price gets even higher, for example Algeria is emptying its forex reserves that have been on a decline for 20 years already, the Oil prices are really finishing them off. Only a few years to "this was not real socialism". Could go higher and then even higher. Could be a monster. If I get filed. Got maybe a bit greedy with the far away entry and tight stop I can't help it. The price is bouncing but maybe the next candle fills me doing something like this here: Let's profit off starving socialists! There is no better feeling.
CBOT:ZW1!Long
by MrRenev
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