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Yesterday, we gave a private seminar for selected clients for CMC clients, and although it was raining heavily, the turn-out of 40+ was pretty decent. We shared about behavioral analysis, psychology and market timing, and gave our outlook and stock picks. Although I didn’t do any selling, a few people signed up for the upcoming March intake for the Synapse Program. For those who didn’t get to attend this seminar, fret not, as I will be organising more that are open to public, perhaps some time in April.

Feedback

“My key takeaway is that there is no easy way to success, and one must be disciplined.”
– Wong Tian Wai

“Good pace, trainer has good knowledge.”
– A.Manickkam (1 year experience)

“Speaker speaks well and is humble. There is a good overview of trading, type of trading and wealth creation.”
– Wee Chung Soon (4 years experience)

“I liked the new ideas. Something different is the 4 major patterns presented differently. It gives me an added dimension of seeing.”
– Leslie Tan (>5 year experience)

“I liked the market outlook best. My key take-away is the 4 different types of behavioral patterns.”
– Anonymous (>5 year experience)

“The website provides lots of useful info. The speaker is very knowledgable.”
– Steven Hong (5 years experience)

“My key takeaway is the free reading list provided.”
– Alwin Lim (manager)

“I learnt to focus on price action and not on indicators. My key takeaways are the different setups and the wealth pyramid.”
– Anonymous (Housewife, 1.5 years experience)

“My key takeaway is that timing is the essence to stock markets.”
– Hailey (Financial Analyst)

“The setups are easy to understand, and one key takeaway is that there is no holy grail in the market.”
– Peter Nwee (Manager, 5 years experience)

“Honest sharing by Spencer. No hard-selling, good and sincere. The pace is good for even beginners.”
– Max Thiam (Engineer, 5 years experience)

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Some club members who attend the course prefer not to listen to the “tips” in the forum, and instead actively look for the daily price behavior setups on their own. These are the one who will learn the fastest, and will soon attain consistency. Even if the lot size is small, it doesn’t matter because even if you only make $100-$200 per trade, 2-3 trades a day can add up to $3-4k. The key focus is consistency. Keep up the good work!

Today, I attended a lunch invitation by Robert Walters, one of the biggest global HR firms, to attend their annual global salary survey launch. It was a great lunch and presentation, and I got the chance to meet other journalists and industry powerhouses, including representatives from the Business Times, Channel News Asia, the Straits Times, SPH, etc. Most likely, you will be reading about this in tomorrow’s papers. But here is a sneak preview of the latest job trends:

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SINGAPORE, February 20, 2013 – Robert Walters, one of the world’s leading specialist professional recruitment consultancies, launched its Annual Global Salary Survey today. Now in its 14th edition, the Robert Walters Global Salary Survey is the most comprehensive review of global recruitment trends and salary levels available. It provides an in-depth analysis of salaries earned around the world by both permanent and contract workers across a wide range of sectors. The Singapore section covers the following sectors: banking & financial services, accounting & finance, engineering, HR, IT, legal, sales & marketing, secretarial & support as well as technical healthcare.

Here are the key findings of the latest Robert Walters Asia Job Index Q4 2012:

  • The total number of job advertisements placed regionally in Q4 2012 increased by 2.1% compared to Q4 2011.
  • Low quarter-on-quarter growth in some Malaysian sectors led to a 12.5% drop in advertising figures for advertising and marketing roles.
  • The drop in consumer confidence in Hong Kong caused a 22% decrease in open positions within purchasing and merchandising.
  • Due to seasonality issues like annual bonus payouts, job advertising in Singapore fell by 35% in Q4 2012 compared to Q3.
  • With the growing Chinese property market, property management roles rose by 13.6% in China.
  • The increased demand for corporate governance in South Korea created a 14.8% rise in job advertisements for consultants and analysts.

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This was a trade I was talking about during my previous seminar, and today in the Synapse Club we were eagerly watching and waiting to take this trade together. Once the signal was triggered, we went in long, and I believe most are in the money now. I will be holding this for a longer-term trade, as I believe that we could see bullish pressure for the next few days. It is good to see that those new members who just joined us (and waiting to attend the March course) are already starting to spot the easy setups. And a big thanks to the senior club members who are helping answer their questions!

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Today, although the market was relatively quiet (US Holiday), and rather erratic in the night (Draghi talking), there were still great opportunities to make a daily passive income from trading the forex markets. Of course, it requires precise market understanding and timing to capture the moves, but it gets easier the more you practice. For those club member who were asking me about position-sizing, the idea is to start small (I started with about $5,000 myself), and slowly build up your capital base and scale up your size. There is nothing wrong with trading small lot sizes until you have gained the confidence like the senior club members. Until then, you have to be contented with earning just $100-$200 a day, and treat it as a disciplined training to hone your skills to prepare you for the day your account becomes huge and you have to trade larger and larger size.