I have moved this blog to the new site at (1) www.KoonLip.com, where I continue to chronicle my life journey after 26, and (2) www.ForexAsiaAcademy.com, where you see my graduates LIVE results.

Forex Asia Academy 2009

If you are interested to find our more about me, Forex Trading or my Forex Asia Academy, let me welcome you to my complimentary Forex session. Please feel free to visit my corporate website to find out more. Get in touch with you real soon!

Friday, November 30, 2007

15% equity increase on a new FX platform (2 days)

I just setup a new forex account with Interbank FX (yes, no more Interactive Brokers).


With US$310, there is an equity increase of 15% within these 2 days.

p/s: If you see why there is zero profit for some columns, it's because i'm not familiar to the platform and mis-clicked a couple of trades (but I waited till the spreads were closed up).

p/p/s: I made a 45 pips (+3 pips) on USD/JPY too!

Thursday, November 29, 2007

2 wins on a single ticker (CRDN)

Been trading forex and backtesting all these while, it's been a long time since I traded options. My last options trade was a $8 win (after comm.) on Citigroup (C) last Monday (19 Nov).

Today, I went in CRDN at 2 separate occassions on a single ticker and scored 2 wins.

CERADYNE (CRDN)
Straight ITM Dec-07 50 Call
(Personal Account) Entry 3.10 Exit 3.40 (9.7% profit within 70 minutes)
(Managed Account) Entry 3.20 Exit 3.40 (6.3% profit within 90 minutes)
My compelling reason to trade: CDRN is upgraded to Buy and target raises to $73!
Day trade based on TCT

Wednesday, November 28, 2007

Another IB complaint!!!

My friend called me and complained about Interactive Brokers trading Forex!!!

Her stop loss 50 pips was not executed and the loss now is already 130 pips.

Please take note, forex traders!!!

What you see on IB is not what you get!!

Options traders, who also trade forex on Interactive Brokers, take note:
- What you see is not what you get.
- What you see is not even close to what you get.

I just closed a USD/CHF Long position at market price 1.1026 when the display bid price is 1.1050. I entered at 1.1012 yesterday. My 38 pips became 14 pips only.

And also, I just entered Short into USD/JPY few minutes ago, and the bid price is 108.42. I set limit to 108.44 (knowing the discrepancies) and it got executed only at 108.49. 5 pips loss before anything start!

Tuesday, November 27, 2007

Another Mastercard win!

Yesterday's market started off positively but it turned quite volatile - up and down for first 2 to 3 hours, and then plunge more than 270 points (for DJIA) southwards.

I was fortunate to exit early (because I'm tired and wanted to sleep early) on Mastercard (MA) yesterday, making $8 (after $2 commission in-and-out) - ya, it's only $8.

Sunday, November 25, 2007

My new company

A short intro and advertising for my new trading and investment company.

My new company sources and evaluates consistent exceptional investment opportunities, an area traditionally reserved for the wealthy, to individuals. With a unique propriety investment plan customized for every individual, The Financial Routemap is a personalised financial blueprint by combining trading, property and mutiple sources of passive income streams for individuals to reach their financial goals in a shorter possible time.

Millionaire Mind Intensive (SG) - Day 2 & 3

More key concepts from the MMI to share:
1. 'The key to success us is to raise your own energy. When you do, people will naturally be attracted to you. And when they show up, bill 'em." - Stuart Wilde

2. Nothing has meaning except for the meaning you give it.

3. Daily VAKS: Visual, Auditory, Kinesthetic & Spirit

4. 4 reasons to be rich: Lifestyle, Contribution, For who you have to become in character, mindset and habit, Getting rich is proportionate to the problems you solve and the value you add to other people's lives.

5. E-motion = Energy in motion

6. Success breeds success.

7. Definition of Fear: Anticipation of Fear

8. The true warrior can tame the cobra of fear. The secret of success is to learn to act in spite of fear.


My Money Associations (at the end of Day 3)
1. Money is... in all our hands.
2. Money is... celebration.
3. Money is... able to do wonders and miracles to our lives and the lives beside us.
4. Wealth is... something that we can share.
5. Wealth is... accumulative.
6. Rich people are... very clear of what they want.
7. Rich people are... the ones who buy dinner!
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