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!

Sunday, November 11, 2007

New RSS thingy!

I realised there is really a lot of stuffs in the blogging world. I have just added a RSS reader for people who want to stay updated with my postings.

Just click the orange button to subscribe by the side of this blog (below my photo) will do. Technology really connects!

Wednesday, November 7, 2007

Winning Tuesday!

The night started red yesterday. I closed a position in the red for VRTX. But the market 'greened' up for me after that.

I had my first position in my managed account.

MASTERCARD (MA)
Straight ITM Nov-07 195 Call
Entry 6.30 x 2 & 5.20 x 1 Exit 7.20 x 3 (23% profit)
Day trade

But after that, I can't day trade in my managed account and thus, I traded on my own account as I see many opportunities in the market.

FIRST SOLAR (FSLR)
Straight ITM Nov-07 165 Call
Entry 10.80 Exit 11.80 (9.3% profit)
Day trade

MASTERCARD (MA)
Straight ITM Nov-07 200 Call
Entry 6.00 Exit 7.60 (26.6% profit)
Day trade

VALERO ENERGY (VLO)
Straight OTM Nov-07 72.5 Call
Entry 1.60 Exit 1.80 (12.5% profit)
Day trade

FOREST OIL (FST)
Straight OTM Nov-07 50 Call
Entry 1.50 Exit 1.65 (10% profit)
Day trade
This trade was exited on preset limit price, coz I was too tired to stay the night.



Tuesday, November 6, 2007

Written in KL

I'm away in Kuala Lumpur for the weekend since last Friday for the Money Mastery course in Palace of the Golden Horses.

We did a lot of things: one of which was to 'Go For Broke' and they dumped us at KLCC. We have absolutely nothing (except being dressed in business wear) with no ID, no cash, no watch, or simply means that we have nothing to even pawn.

Not trading these few days.


p/s: I will be back in Singapore on Tuesday evening!

Thursday, November 1, 2007

Fed's another 1/4 rate cut

Just 3 hours ago, the Fed announced another quarter percent rate cut and here's 2 opportunities well-captured!

Goldman Sachs (GS)
Straight OTM Nov-07 80 Puts
Entry 5.20 Exit 6.40 (23% profit)

Long EUR/USD
Opened @ 1.4465
Closed @ 1.4495
PnL: 20pips

Tuesday, October 30, 2007

Today's Trade

CARDINAL HEALTH (CAH)
Straight ITM Nov-07 65 Call
Entry 2.45 Exit 2.75 (12.2% profit)

WEYERHAEUSER (WY)
Straight ITM Nov-07 70 Call
Entry 4.20 Exit 4.80 (14.3% profit)

Both are Day trades today (29-Oct) based on TCT!


p/s: I'm still longing POLO RALPH LAUREN (RL) and EUR/USD (for almost 10 hours already!) now.

Monday, October 29, 2007

OTC2007 Billionaires


I participated in the Options Trading Championship 2007 on 17 to 19 Oct 2007. And my group, Billionaires, won the 2nd place in the group category!
p/s: In case you are thinking what we won, we won a not-so-great thumbdrive from BOX (Boston Options Exchange). Disappointed!!

Sunday, October 28, 2007

After a $20+ gap for a $100 stock...

Decker Outdoors (DECK)
Straight ITM Nov-07 140 Call
Entry 8.30 Exit 9.50 (14.5% profit)
Day trade on Friday 26-Oct based on TCT

p/s: DECK gapped up more than $20+ after beating earnings by 20+ cents.
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