//amazon SGstocksandshares (SGSAS)

05 September 2019

Qns to SGSAS: Is Algo/Robot Trading Better Than Human Trades?

I got some clients asking me on algo trading. They are asking if I do trading or if I have a robot that does the trading for them.

While algo trading/robot trading sounds sexy, please remember that humans are the brains behind it. The programs may be suitable and profitable for times like these, but the times may switch and change. In my personal opinion, algo trading is useful to filter and capture opportunities. The ultimate decision remains with humans' judgement and perspectives.

No robot can tell you when is the next crash, who will be the next US president or can HK riot cease and come to a peaceful agreement. Please understand the coding and parameters of the designed program so as to better manage the program's survivability in a changing market.

My 2 cents on algo trading.

09 July 2019

Second Quarter Review of System Alpha

As usual, this is a quarterly review of my personal FX trades. The numbers are for May 2019 with the broker Axitrader.

In the last 3 months, thanks to Trump, news of trade war has been flooding the market. EURUSD has been bullish,  and indexes were hitting year high. Much of the trading positions are actually not in positions. Hence the spike in drawdowns from the charts below.

In June, thanks to Trump again who commented on the suitability of Fed Chair mentioning the possibility of a rate cut to ensure a competitive USD. As a result, EURUSD took a turn and thus the market changed.

This is illustrated by the chart above, a huge spike in drawdown during 10th June which is a Monday. FOMC statement was on Friday night, SG time. Overall, the trade positions were closed in an orderly manner and turned things around.

Another point to note is, the current drawdown is 0%. Which also translates that the opened positions are running on the traded profits only. Perhaps we should open more position to leverage and absorb more risks in exchange for a higher return.

To have monthly returns of 10% is considered average and more positions should be opened in order to capture more market opportunities. However, Trump is a wild card still. A higher risk-taking behaviour will translate to a higher drawdown. And each drawdown is a test to our system, simply because if it fails, that will be the end of our trading method, System Alpha.

Overall, the full numbers are displayed above. Moving forward, there will be no change in our trading strategy for now. Being nimble and careful is the better way to go in this market.

This account has started in May 2019 with the new broker, Axitrader, after our previous broker left us. If you need a good FX broker, you may consider Axitrader. The spreads are reasonable and even though Axitrader is a market maker, the spread is still acceptable.

So that is a wrap for the last quarter. Will update again.

05 July 2019

3 FREE Trades in HK market

Yep no joke. It is FREE.

Gone are the days that we always think and believe that foreign brokerage houses like Company I and Company T gives very cheap brokerage fees.

These days local brokerage houses are catching up too. Not to mention, the shares transacted are held under the custody of the brokerage houses. There are no market makers, you-lose-house-win situation and etc.

In any case, the conditions are elaborated below.

Under this Promotion:

a. Clients are  required to  execute  at  least  3  trades  to  enjoy  the  rebate. The  Promotion  entitles each Client a maximum of 3 free trades, capped at a maximum rebate of S$50 (“the Rebate”), regardless of the number of trading accounts he or she has.

b. The rebate will be in the form of  bonus points. The equivalent of 1800 bonus points will be credited in the following month and are valid till 31 December 2020.

c.   New clients  with  no  prior  or  pre-existing  business  dealings  with  UOBKH  who  open  a  cash  or  margin  trading account  with  UOBKH  will  also  enjoy  1  month  free  Hong  Kong  real time streaming price when they execute at least 3 online Hong Kong trades during the Promotion period.

d. The free 1 month Hong Kong real time streaming price will be activated in the following month.

If keen, dont wait. Open account is FREE too. The trading account allows online access to HK (of course), SG, Malaysia and US.

PM me to open a UTRADE account via the bottom right hand corner.

01 July 2019

News for today 28/6/2019

News for today 28/6/2019:
- Five Things You Need to Know to Start Your Day 
- Bitcoin almost wipes out its mega gain as swiftly as it came 
- Slumbering forex markets confound traders, prompt fear of rude awakening 
- Pain for Chinese exporters caused by more than US tariffs 
- Rising US-China trade tensions have slowed Singapore growth: MAS chief 
https://www.straitstimes.com/business/economy/rising-trade-tensions-have-slowed-spore-growth-mas-chief ; Singapore to review 2019 growth forecast as trade war bites; weaker Q2 expected: MAS  https://www.straitstimes.com/business/economy/singapore-economy-in-for-rougher-ride-but-is-well-placed-mas-chief 
- Government not relaxing property cooling measures for now: MAS 
- Logistics businesses need to be agile and adapt to new tech: Koh Poh Koon 
- Property and shipping players welcome drive for transactions to go digital 
- SMEs cautiously optimistic for H2, though gloomier than past years: Survey 
- URA launches one-north Gateway site for tender; Hillview Rise and Dunman Road sites up for application 
- 1 in 2 Singapore residents feels stressed out by the thought of doing nothing: Survey 

Stock to watch today 28/6/2019:
- Singtel, M1 bag public 5G trial projects 
Singtel JV launches new telco brand 

Ascendas REIT Upgraded To Neutral At Macquarie; Pt S$2.60
Attilan makes RTO deal to buy family entertainment content producer for $100m 
Ayondo interim CEO to quit after less than 6 months on the job 
Boardroom offer closing date extended to July 12 
CapitaLand Commercial Trust Cut To Neutral At Macquarie; Pt S$2.20
CapitaLand Mall Trust Upgraded To Outperform At Macquarie; Pt S$2.75
Challenger exit offer of S$183mm blocked by minority shareholders 
https://www.straitstimes.com/business/companies-markets/minority-shareholders-block-183m-exit-offer-for-challenger ; Challenger calls for 2nd trading halt, corrects EGM resolution notice  https://www.businesstimes.com.sg/companies-markets/challenger-calls-for-2nd-trading-halt-corrects-egm-resolution-notice 
Epicentre's ability to operate as going concern likely hit if forced to repay loan 
Frasers Commercial Trust declines to co-invest in sponsor's Frasers Tower deal 
Frasers Hospitality REIT takes out S$370m in loan facilities 
Geo Energy Appoints Trafigura As New Offtaker For Sdj Mine
Innopac's appeal for more time to exit financial criteria watch-list rejected 
Keppel Corp - CMA Seeks Views On Prosafe Plan To Buy Floatel
Koufu Upgraded To Buy At Dbs Bank; Pt S$0.85
Memtech extends close of cash offer to delist company to July 12 
Nico Steel gets 1-year extension to exit SGX watch-list 
Roxy-Pacific acquires retail building in Tokyo for 6b yen 
Second Chance Properties Q3 net profit up 12.5% to S$2.34m 
SGX in 10th spot globally by IPO proceeds for Q2: EY 
SIA, Malaysia Airlines ink deal to expand code-sharing 
Vibrant evaluating disposal of Blackgold unit, posts FY2019 net profit 

06:32 AM
Crocodiles were once vegetarians, but it was just a phase
06:29 AM
Twitter adds warnings to rule-breaking tweets from public figures
06:21 AM
Iran warns Trump against 'illusion' of short war
06:18 AM
Boeing shares hit as regular finds new 737 Max issue
06:05 AM
Oil edges higher ahead of G20, Opec meeting
06:02 AM
US: Boeing weighs on Dow as US stocks await trade talks
06:00 AM
Europe: Shares hand back gains after White House dampens Sino-US trade optimism
05:50 AM
Money FM podcast: Mind Your Business - Dark data and why it should be dealt with
00:03 AM
Ecclestone proposes blueprint for F1 revival
23:55 PM
Spanish court rules Deliveroo riders are employees
23:49 PM
Vibrant evaluating disposal of Blackgold unit, posts FY2019 net profit
23:32 PM
Closing date of offer for Boardroom extended to July 12
23:30 PM
Toyota to invest US$2b in developing electric vehicles in Indonesia
23:19 PM
Nissan, Dongfeng in talks to form fleet-management venture with Didi
23:19 PM
India beats US in WTO renewables case

Premium Content

Top Stories
Singapore reviewing again 2019 growth forecast: MAS chief

SGX revamps to drive growth in multiple asset classes
New generation reinventing the wok

Companies & Markets
Minorities block Challenger's delisting; exit offer will lapse
Hyflux subsidiary restructures 617m yuan loan for China plant
Singtel, M1 bag public 5G trial projects

Real Estate
Ibis Novena sold for nearly S$170m
Property deals, smart estates stand to gain from tech
Selegie Centre buyer seeks approval to build hotel

Banking & Finance
JPMorgan's fintech deal shows its Asia ambitions
Eurozone bond yields rise on hopes of US-China truce

Energy & Commodities
Lean net imports drag Singapore fuel oil inventories to 3-week low
Tight supply stokes China iron ore's record-breaking rally

US jury rules that Huawei stole trade secrets from company founded by ex-employee
Huawei received over US$1.4b in licence revenue since 2015

Beyond Meat's Asia ally takes mock pork to swine fever-hit China
H&M shares jump amid good summer sales, shift to online

Macron rules out changing French stake in Renault-Nissan
Nissan to cancel Ghosn's retirement, stock-linked compensation
VW board puts Ford alliance on agenda for July meeting

Government & Economy
Japan warns UK PM rivals: No-deal Brexit could end investment honeymoon
Sri Lanka tourism fighting back from Easter bombings: minister
Economy accelerates in first quarter, but momentum fading

Now is not the time to cut interest rates
'I'm in the 1 per cent. Please, raise my taxes'
Singapore telcos need more time to transform business model in digital era

Life & Culture
AstraZeneca launches 'Cancer Can Give' drive

Food & Drink
Japanese-Korean fusion at Tanoshii
When the winemaker dons a wet suit to fetch your US$100 tipple
Black Gold

Hip To Be Square
Drum It Up

Two's Company

Doggy's Day Out
Patron Saint

27 June 2019

New IPO alert: ST Group Food Industries Holdings

ST Group Food Industries Holdings


Offer Size: 30.077m new shares
Public Tranche: -
Placement Tranche: 30.077m shares
Price: S$0.26
NAV per share (post IPO): S$0.077
Historical PE: 18.6x (FY18)
Market Cap (post-IPO): S$64.0m
Open: 26 Jun 19
Close: 1 Jul 19, 12.00 noon
Trading: 3 Jul 19, 9.00 am (on “ready” basis)

Interested parties, please PM me

Thursday, June 13, 2019

In other news, Bitcoin is up by 20%!

07:04 AM
Accused by judges, Haitian president denies corruption allegations
07:00 AM
Germany raises 6.5b euros from sale of 5G frequencies
06:58 AM
US college student killed Chinese scholar, his lawyer admits at trial
06:56 AM
US House seeks to block Trump arms sales to Saudi Arabia
06:54 AM
Trump signals census fight, House panel holds cabinet officials in contempt
06:51 AM
Uber eyes drones for food delivery, unveils new autonomous car
06:50 AM
US Energy Department blocks participation in China's 'Thousand Talents' programme
06:47 AM
US regulator urges review of financial risk posed by climate change
06:45 AM
Sister of Saudi crown prince faces Paris trial: legal source
06:42 AM
Trump says will meet Putin at G-20 summit in Japan
06:40 AM
China extradition clashes plunge Hong Kong into historic violence
06:33 AM
Europe: Oil majors, banks drive shares from 3-week high
06:28 AM
Oil slumps 4% on US crude build, slowing demand fears
06:17 AM
US consumer inflation slows in May on cheap energy, used cars
06:04 AM
US: Stocks retreat, oil shares hit

Premium Content

Top Stories
Suspended stocks on SGX hit highest level in three years

Singapore looking to grow its sustainable finance sector: Heng
Pangolin fund says it's close to getting 10% of votes to block Challenger exit offer

Companies & Markets
Real estate, manufacturing, F&B counters feature in SGX trading
CWT lenders put metals trading, logistics units up for sale
Office Expo Asia to focus on employee wellness, workplace design

Real Estate
China buyer signs S$31.5m deal for 3 Orchard By-The-Park penthouse
Condo rents slip 0.3% in May, HDB rents inch up 0.1%: SRX
HK firm exits land purchase tender on economic worries

Banking & Finance
Is Brexit Britain ready for another foreigner as central bank chief?
Trump renews Fed attack, says euro is 'devalued'
Company directors will have to sit for exams in India after scandals

Energy & Commodities
Opec fails to reach consensus on setting new meeting date
Trafigura profit leaps on strong oil and gas trading

CrowdStrike raises US$612m amid IPO tech rush
LG opposes Qualcomm's attempt to put US antitrust ruling on hold
US Congress opens inquiry into power of big tech

Move over Shake Shack, Five Guys is coming to town
China inflation hits highest level in 15 months
Ten US states file lawsuit to stop T-Mobile's purchase of Sprint

Sweden's electric car boom under threat from power crunch
China car sales at worst-ever monthly low as trade war heats up
Hijack hoax in India lands business-class passenger in jail - for life

Government & Economy
Extradition bill debate put off as protesters surround legislature
Johnson plays down no-deal Brexit, launches PM bid
Consumer prices barely rise in May

Blockchain unchained: Tackling wash trading
Europe must make a concerted effort to fix its fiscal rules
Licensing operators may be key to improving PMD rider behaviour

Life & Culture
Stanchart flies sustainable-investing flag
Be among the first to visit a 'new' country - Welcome to North Macedonia
Instagram star Sunglass Cat has an eye-opening message of acceptance

26 June 2019

FREE Audiobook: Stock Market Investing For Beginners


I was buying books from Amazon this week and I spotted this offer which i think it will be useful for friends of SGSAS. Not just useful, it can be FREE for you if you do the following steps. Took me a while to figure out, so must as well blog it and bookmark it too.

STEP 1: For SG people, to connect to US location get this FREE VPN here.

STEP 2: Sign up for FREE account on Amazon Audible.

STEP 3: Click on here to open that book. It will be FREE under Amazon Audible. Picture below.

Details taken from Amazon:

Let's get real here: most investors like you LOSE money trading stocks
In fact, so many lose so much money in trade after trade that they simply give up and buy mutual funds. By doing so, they leave their portfolio's fortunes in the hands of an 'expert'. Talk about leaving a lot of money on the table.

Seriously. If you park all your investment cash in a mutual fund, you are missing out on SPECTACULAR GAINS. Sure, you can 'coast' on an annual gain slightly north or south of 10 to 15 percent but if you were to trade your own account, you can earn many times more than that.

Just how much more can your retirement investment grow if you managed it more actively? How does 1 to 2 percent per day sound? This is possible with active trading.

Indeed, this is possible with the information you'll find from this book, "Stock Market Investing for Beginners". This paves the way to you making more money in stocks.

This book delivers on the following...

  • Understanding the basics of stock market investments
  • Get a clear understanding/ analysis of the different investing and trading strategies you can use
  • Learn how to trade with CONFIDENCE regardless of whether the stock market is trending up or down
  • Learn how to make money if the stock you bought sinks or rises in value
Turn your FEAR of losing money in the stock market into an AWARENESS of the tremendous opportunities available to you if you just use the right trading methods and strategies.

These methods & strategies enable you to spot...

  • Stocks about to break out and go up in value
  • Stocks about to crash
  • Best stocks with solid long-term potential that buying them at any price NOW still means you bought them at a BARGAIN
  • Stocks you can continue to buy regardless of how much they sink or fall and STILL make money

See what others say about this book (only a few)-

-- This book is intended to help a newbie like you cut through the hype and the fluff and get to the good stuff as quickly as possible." Thank god, there's so much convoluted information out there, I just needed something that'll get me going. No nonsense, just useable steps to get off the ground.- Amazon Customer
-- The book includes a good cautionary introduction before you get started. It gives you the tools and strategies you need to get started and provides a lot of valuable information on stock market investing. – Amazon Customer
-- I was really afraid to invest on stock exchange because of lower understanding. But simple language and clear approach of this book have given me the courage to proceed for that. Thanks for such wonderful writings.- Amazon Customer
-- Just what I was looking for. Put together very well and easy to understand. Does not get off topic.- Amazon Customer

You worked hard for your savings. Don't let inflation eat up your savings' value.

By mastering the information contained in this guide, you can learn to trade for almost PREDICTABLE gains like professionals- whether those gains happen immediately or within a fairly certain period of time.
Stop struggling, hoping and wishing that you'll spot the NEXT breakout stock. NEWSFLASH: there are a HUGE NUMBER of these. You just need the intelligence and speculation to IDENTIFY THEM and this book teaches you HOW!
Start planning a SOLID FINANCIAL future on the BEDROCK of ROCK SOLID stock trading information!

Get this book today and start on the ROAD TO FINANCIAL FREEDOM AND ABUNDANCE.



#ebook #audiobook #free

04 June 2019

How to PROFIT from a BEAR Market?

HSI opened high only to fall back to the previous closing range. This shows that sentiments are still bearish, with no clear conclusive end to the current trade war.

At this rate, there might be a chance for the market to move lower than the day before.

If investing, watch for strategic entry prices. Likewise, for invested clients, you may do a sell first and buy back at a later time. This is something like a covered short where invested clients can trade for some profits while holding on to shares.

For example:

Mr Tan has 1k shares of DBS bought at S$27.00. It is sure loss now if he were to sell now at S$25. To do a covered short, Mr Tan sells DBS at S$25. And after a week, DBS falls to S$24.00. Mr Tan bought back after a week at S$24.00. 

He has profited S$1.00, and back to holding DBS shares to wait for the shares to come back at S$27.00.

Profit is made when one is buying low, selling high, or vice versa, regardless of the sequence.

The risk for Mr Tan is if he were to sell at S$25, and the price starts to move up and up, then Mr Tan would have missed 'the boat'.

Be sure to tabulate and account for the prices bought and sold. The online portfolio only tracks what is first bought and sold, not the other way around.

21 May 2019

Qns: If I buy fortune REITs HKD, will the exchange rate affect my gain when I sell?

Qns: Hi sir may I ask u a question. If I buy fortune REITs HKD, will the exchange rate affect my gain when I sell? Thanks



It depends on the HK exchange rate when you buy and you sell.

It will affect the final outcome.

07 May 2019

Quick update: Trading resumed

The previous withdrawal was due to incorrect SWIFT codes. Now that my broker has acknowledged, the error is rectified.

A new trading account with AxiTrader was set up and I have to say I am quite pleased with the overall experience.

I will do up a proper review to share my experience. Meanwhile, I am accumulating the trades so that I have sufficient results to show and share with you guys.

Meanwhile, if you would like to open a trading account with AxiTrader, I hope you would use my referral code below. with the referral code, it is a promo code where the trading fees will be lower. On top of that, Axitrader will also share a part of the brokerage revenue with me. This helps to contribute and fray part of the hosting costs for SGSAS.

I hope it is not too much to ask for. Thank you for your kind support


22 April 2019

Quick update on our FX trades

Just a quick update for my followers.

In the process of changing my FX accounts (due to the split of partners), the money has been sent to the wrong bank. Emails have been sent to the broker and they are processing still.

We are waiting for the funds to come back to our account before we can proceed again.

Hope that we can start soon. It is a loss of income and time for us too.

11 April 2019

What does Hyflux tells us about the Singaporean investors?

Hyflux's distress may just be the beginning of a series of default risk situations.

The troubles of water treatment firm Hyflux signals more challenging times ahead for the larger Singapore dollar bond market as close to $4b (US$3b) of SGD corporate bonds are set to mature by the end of 2019 and the number is tipped to hit around $13.53b (US$10b) by 2020, according to estimates from S&P.

And these numbers are not plucked from the sky. It is from the article here: https://sbr.com.sg/financial-services/in-focus/hyflux-troubles-trickle-down-nearly-4b-corporate-bonds-mature-end-2019

Before reading further, please understand that this post is not going be discussing how one can recover back the invested money, or to garner monemtum to rally for a change in regulations or what nots. It is just going to be my observations and comments on the Singaporean investors' mentality, as well as the state of things for Hyflux.

For the uninitiated, it is important to know the company Hyflux. Taken from: https://en.wikipedia.org/wiki/Hyflux which summarised into some simple points:

  1. Hyflux Ltd (Hyflux), founded in 1989 by Ms Olivia Lum is a global environmental solutions[clarification needed] company listed on the Singapore Stock Exchange (SGX), and employs over 2,500 staff in the Asia Pacific, the Middle East, Africa and the Americas.
  2. The company was founded in 1989 by Ms Olivia Lum, Group CEO, President and Managing Director.
  3. In 2006, the company was given the 'Water Company of the Year' award, at the 'Global Water Awards', by the Global Water Intelligence, UK.
Given the nature of this company, and in the context of Singapore where water supply is a matter of national security, it is not very difficult to understand why many Singaporean investors plonk their life savings into Hyflux. Be it bonds or equities or even preferential shares of Hyflux, investing in any of the mentioned asset classes is deemed as invested into the company, Hyflux.

And for the records on water being the matter of national security, this can be cited from the link here: https://www.gov.sg/news/content/today-online-water-must-be-priced-fully-as-its-a-matter-of-national-security-says-masagos

With all these general understanding and explanations above, let's now focus on the investors. Of which, a majority are Singaporeans.

In Hyflux Ltd., there are 34,000 of these moms and pops, set to lose most – if not all – of the S$900 million ($665.5 million) they plonked down in the troubled Singaporean water and power firm’s preference and perpetual shares. This information is taken from: https://sg.finance.yahoo.com/news/dont-blame-singapore-investors-hyflux-loss-andy-mukherjee-023106678.html.

These invested shares, preferential or perpetual, yield about 6% plus. In the SG market, this is reasonable and fair. The current market rate of dividend yield is about 3 to 6%, so 6% pa is considered on the high side. Not to mention the investing intention, that is to buy and hold for dividends. As such, the price of the security does not fluctuate very much. In fact, there are no transacted volume on some days.

Starting from 2011, investors were happy. There were no qualms about it. As illustrated below, the dividends are smooth and stable. That is what investors like about, aint it?

First signs of trouble came on 21 May 2018. The shares as well as other asset classes belong to Hyflux are suspended. Hyflux applied for court supervision to reorganise liabilities and businesses the next day. The company's earnings had been hit from "prolonged weakness" in the local power market due to the Tuaspring project, the first integrated water and power project in Asia, making losses in 2017 and first quarter of 2018, as an oversupply of gas in the Singapore market caused depressed electricity prices.

This is typical what companies will do in the event of unsolvable trouble.

On March 30, 2019, people gather to listen to a speaker during a protest on Hyflux Ltd. debt restructuring plan in Singapore. Judging from the picture from https://sg.finance.yahoo.com/news/dont-blame-singapore-investors-hyflux-loss-andy-mukherjee-023106678.html, it is probably 300 people or so.

This rally is significant because it has illustrated clearly that investors are unable to stomach this loss. The suspension of a wonderful dividend yielding asset is a huge blow to investors' dream and expectations. They had failed to envision the worst case sceranio if the company ran into issues at that point of time before investing.

To be fair, the content of the protest cannot be found online. Likewise, there are no witten or spoken agenda of that protest. However, from the picture below of a banner with the word "Blood Suckers" sprawled across, it can be inferred that the affected investors are seeking every possible avenue to demand their money back. 

The investors in Singapore are too positive and simple when it comes to investing! Risk and return are both sides of the coin. No matter how you split the coin into a half, there will always be 2 faces to the coin. One cannot simply have great returns without great risks!

Using a crude analogy: investing, trading, speculating, fundamental investing, technical reading, whichever one calls it, it has a certain degree of risks and probability in it. From the past to the future and beyond, risk and return come hand in hand. Similar to a game of dice, the simple gambling game of guessing big or small, if the investor/trader/speculator has placed bets on a certain position, the participant cannot recall back the money or worse, urging others such as authorities to assist in recovering the lost bet. By doing so, it just being a bad loser.

Yet this actually happened in Hong Lim Park.

Do understand it is NOT the intention here to put salt in the wound and to mock and jeer of the monetary loss of investments in Hyflux. It is also not the intention here to be on the high horse acting smart, or worst, being a clairvoyant who is able to read and see the future congratulating those who did not invest in Hyflux. The observation here is on how extreme the investors are to the extent of urging authorities to assist in recovering their money back.

While it is right to attempt to recover the lost money, it has to be of the right and fair methods. Their demand that the Singapore government should step in has been a nonstarter, even after some of them even organized a rare protest at the city’s Speaker’s Corner to try to squeeze out a better deal. And that protest actually happened. It is unbelievable.

From the above illustration and actual incidents, it is clear that investors are still rather simple, straightforward and expected to be spoonfed. If they continue to be so, they will never improve and fail to plan for themselves properly.

And to make things worse, it will incur structural changes within the market to stem out such investors in future. More new regulations certainly sounds good. Alas, too many regulations stifle our market. Look at our SG market compared to all major markets now. How can we continue to maintain as financial hub still?

Losing money is upsetting and can never be a good experience. Yet being a bad loser creates a vicious cycle resulting in ignorance and greive for everyone around, like a drowning man dragging everyone down along.

Comments below.

09 April 2019

Closure of current FX account

It is unfortunate to announce that SGSAS has to change the FX account holder after operating for the past 6 months. As a result, all the opened positions are to be closed, resulting in lesser net profits.

Yet this is not an end in our FX trading plan, or worst, anything bad that has happened to our trades. We can assure you that this has nothing to do with the recent change. It is a dispute between our partners (the funder and investor), thus the account has to end at this current moment.

We are in the process of opening another account, and we take necessary steps to ensure a similar predicament will not happen again.

You may refer to our screenshots below to justify our claims. Overall, after ending all opened positions (which USD has strengthened, and is not in our favour of course ), the total net profit is 4%, drawdown 15% and interest expense total at S$75.

The total deposits and withdrawals will reflect the net absolute profits we will receive after terminating this particular account.

Thank you for your patience. We will keep you informed of the new account again.

  • +4.91%
  • Abs. Gain:+4.91%
  • Daily:0.03%
  • Monthly:0.92%
  • Drawdown:13.47%
  • Balance:S$0.00
  • Equity:(0%) S$0.00
  • Highest:(Mar 22) S$3457.58
  • Profit:S$136.16
  • Interest:-S$75.45
  • Deposits:S$2770.63
  • Withdrawals:S$2906.79
  • Updated:54 Minutes ago
  • Tracking