Sunday, December 16, 2012

Trading rules to follow

  1. Avoid over trading
  2. Always have stop loss for speculative trades. Long term, fundamental, calls can be without stop loss providing I am taking smaller positions
  3. Don't over leverage, take smaller positions and build on it
    1. 10k max capital at risk for speculative trades
    2. 40k max for long term provided positions are added over a period of time
  4. Keep learning

Monday, October 22, 2012

Is it time to buy USD/SGD?

SGD is almost at a year's high against USD, SG economy is not doing that great recently and, I think, SG property is due to a big correction. Are these reasons enough to start buying USDs and selling SGDs?


Short US Dollar against Indian Rupee

Have been making little bits of cash by shorting USD against INR. This is based on a few simple reasons
- Indian Rupee had been whacked over the last 12 months or so. I don't think things can get any worse
- I believe Indian Government will be forced to step in and whatever is needed to stem the fall. They have showed this resolve by relaxing the FDI norms around some of the sensitive sectors
- There is scope of higher profits (INR appreciation + interests)
- Loss would be buffetted by the interests on INRs in case of further depreciation