Stay Hunger, Stay Humble

Dear PT,

Oil prices will be fluctuates at the range of 25~35 dollars at a period of time maybe 2~3 year, mainly due to the uncompromising output of OPEC countries. Saudi Arabia and Russia have now reaching the volume of 10 million barrels per day. Even US has picking up the pace to increase their volume up to 8 million barrels per day. Not to mention the opening of Iran oil market just a few months ago.

Euro countries seems to be the eye of storm of the upcoming economy crisis. Many of their stock markets are approaching to the historical lowest point since decades ago. Greece and Portugal will be the most accountable. The share prices of Bank in Europe are all effected and dropped to a very dangerous level due to the under performing operation, etc Deutsche bank.

Tripped by an amateur mistake recently on my trading judgement. Try to calm down myself and did some review over the weekend.

1. Don't do the same thing and expect different result.

2. Don't be naive to expect immediate return, great achievement always need patience and discipline.

Stay Hunger, Stay Humble.



See you at the top,
ET

One Step On The Moon

Dear PT,

Always want to write something on my own. Nothing to brag, just to jot down some journey or insight I have learned everyday. Perhaps it may shed some lights to you in the future.

China, Korea and Taiwan all facing total export drawdown on the consecutive of months and the decline rate is double figures. Samsung smartphone market share have been reduced 10% from 33% since 2012. Bank of South Korea declared to maintain the interest rate although the market prediction was to further decrease.

Hong Kong had a major setback on their real estate price. Some even already falls above 50% of it's price previously. Political issue and the gap difference between the rich and poverty are both of the main reasons. The hatred of Hong Kong young generation against the China government is still growing although China tourists contributed the major part of Hong Kong GDP ironically.



ET
18/02/2016