Friday, January 20, 2017

My humble beginnings

In my early 20s, I used to write down my thoughts in a journal everyday to pass by time as I hitched a ride with my dad first thing in the morning at six.  My work didn't start till 9am, so I'd wait for him till he finish his morning route from the suburbs of Vancouver to Downtown.  My days were long, it was my first job and I worked hard yet I wasn't rewarded in pay.  Making $10 per hour is poverty line, yet I felt lucky "at that time" to be given a chance to work in an office setting for a college drop out.  For the next three years, I didn't get any pay increase and I never asked which hindered my accumulation of wealth on a faster scale.  Each year, I'd get a bonus of maybe $500 and I thought I was happy with that.  

What triggered me to make a change?  My controller asked me to seal the envelope to the bonuses of the employees on the payroll, she was too lazy to do it herself.  I was curious as to what kind of bonus others were getting, so I peeked.  To my dismay, a store manager's bonus exceeded my yearly salary.  I worked so hard day in and day out, yet they did not reward me.  That's when I decided to call it quits.  I even gave myself a deadline.

Working 9am-5pm didn't give me many chances to go on work interviews.  But I managed to snag an interview that's an hour drive away and told them I had to leave early for work that day.  They asked, "What was I doing?"  I just told them it's a personal matter.  Luck was on my side, I got offered the position at $23k per year and I accepted.

I gave in my resignation and my two weeks notice, still I was emotional.  They accepted it and started interviewing candidates.  My replacement started soon after before I was to leave.  She only worked a couple days before quitting.  So now, they had no one to replace me and pulled me aside offering to match what I was getting at the other position.  I lied and told them $25k and they were willing to match it (they knew they were underpaying me all these years), but I declined and decided to move on to the new company.

That decision proved to be right move as I've managed to gain yearly raises there after.  From there, I haven't really put my thoughts down on paper on each passing day.  Most are private to share.  Point of this little tidbit on my humble beginnings is that I should start documenting my progress in my stock portfolio, what trades I may make, my thoughts of the trade or it'll just become a distant memory.

Tuesday, January 17, 2017

Time to reset

Holy crap has it really been half a year since I last blogged?  This blog was meant to keep me in line with tracking my progress in my trading accounts especially my Interactive Brokers, but I've totally neglected my portfolio for the most part of 2016.  Time to reset as the new year is well under its way.

I sold off solid stocks and left too much cash sitting in all three accounts doing nothing for most of 2016.  Essentially, I over traded in my IB account.


IB NON-REGQT TFSAQT RRSP
2015105,434.0153,435.2071,624.34
2016116,132.9054,725.7194,716.14*
10.15%2.42%32.24%

*Added $6500 to QT RRSP in 2016

Saturday, July 30, 2016

Update: Interactive Brokers July Performance

To be honest, 2016 started off to a very rocky start for my portfolio.  Since then, I have not been actively trading options as I had back in 2015.  I fell off the bandwagon and was discourage like any trader who watched their profits they worked so hard disappear within a short amount of time.  

I kept calm and held onto my positions.  Some positions have not recovered and some others have recovered in the past seven months. 

It's only this past month that my portfolio have really made the climb up.  Relatively speaking, I've been flat for the 2016 at 0.91% gain before this month.  

With markets at all time highs, I am doubtful this surge will last for the rest of the year.  I need to re-evaluate my whole portfolio and positions to take some profits off the table before it all disperse again.  



Big changes are going to happen to my life with a little one on the way so I'll be putting trading on the back burner till I get a hold of my routine.

Tuesday, April 5, 2016

Perception

People call me a lot of things from lazy to rude.  It's their prospective.  

Am I really lazy?  Perhaps I emanate laziness with my constant chatter online during working hours.  If I wasn't doing my job, then I'd be in trouble of losing position.  Yet, I'm still employed.  

I can be rude with some of the questions I've asked online, but you know what, I like to get to the bottom of facts.  A lot of people probably have the same questions I have, but are afraid to ask.  I'm just doing them a favour, really!

Don't always assume you're right about certain something.  Truths can be hidden if left unasked.  

Friday, March 11, 2016

It's been a while

Hello!  It's been a while since I posted here.  Seems like I still get some visits from time to time on this little old blog I've neglected for a few months.  I've been discouraged since the beginning of 2016 in my ability to trade.  But I'm still alive and kicking.

I haven't been tracking my trades or my dividends since the beginning of year.  I've been adjusting and now I have 38% cash in my IB margin account.  I am not as trigger happy as I used to be.  But I will get back into the game once I see an opportunity.

My YTD results sucks as you can see below (March 3rd results), but all in all, I'm still keeping treading above waters.


Tuesday, December 1, 2015

November Option/Stock Performance


This continued upward surge is only thanks to two of the 
FANG members that I have open positions.