Kelwin and Roy awarded
Top 10 Trading Representative of
Phillip Securities 2016
Roy and Kelwin with Phillip Securities Chairman Mr Lim Hua Min at Phillip Securities 2016 Top 10 Trading Representative Award Event.
Being awarded the Top 10 Trading Representative in Phillip Securities for 2016 was a delightful experience that we will never forget! This marks a significant and important milestone in our (12 years combined) careers as Remisiers. We are truly grateful that our efforts and professional services to our clients have paid off.
Looking back to where we first started – our infancy months as remisiers were tough and definitely not an easy walk in the park. Early in our careers, we incurred a huge contra loss (>$100k) due to a client bankruptcy. Needless to say, it was a devastating setback. However, we remained positive and barrelled through with our heads high and our chins up. With sheer determination and blessings from God, we continued delivering our best efforts to our clients and strived to provide excellent service.
Receiving this award is a testament not only to our track record, but also to our will and mental resilience in coming out of the red (literally!). Over the years, we have serviced numerous clients who trust us and we are ever grateful to their loyal support and partnership with us. Thank you for your belief and contribution to where we stand today. Our accomplishment has not only inspired us to continue providing better and more innovative service to our clients, but has also given birth to this blog.
The blog was created from our desire to reach out to you, our readers. If you have been following us for the past year or just happened to stop by, give us 5 more minutes for us to tell you who we are and what we stand for.
Hopefully, you get a better idea of why we are doing this and how this might just benefit you.
So who we are?
Kelwin and Roy have been licensed remisiers and joined Phillips Securities at the same time. Working together for the past 6 years has strengthened their abilities and skills, while learning to support one another in this professional partnership.
Kelwin
Roy
Kelwin with his well deserved award.
Kelwin is married to a beautiful wife, and they have a lovely daughter who turns 1 in May 2017. Before switching to be a licensed remisier, Kelwin worked at a bank for 2 years. Stocks and trading have always been a strong passion of his since his school days. Just one year after joining Phillips Securities, Kelwin was awarded Top CFD rookie in 2012. And went on to clinch the Most Improve Trading Representative Award in 2014. In his free time, he enjoys working out in the gym and swimming with his daughter.
Roy with his well deserved award.
Roy was in the Aviation Industry for 5 years before switching to be a licensed remisier with Phillips. With much experience in the US market, Roy has seen through many market ups and downs. Having seen the market crash from the collapse of Lehman Brothers on his birthday of 15 Sep 2008 has taught him that having a disciplined trading plan is crucial. Roy is happily married with a baby boy who just turned 1 in April 2017. He was also accolade the Most Improve Trading Representative Award in 2014. In his free time, he enjoy swimming and hiking with his family.
And why we’re doing this?
First, we are highly passionate about the stock market and want to deliver as much knowledge that we have to our clients. We are motivated and believe in giving our best efforts for maximal client benefit!
Motivated
Training
Secondly, we believe that knowledge should be free and we share it with all. For too long have we seen people being charged thousands of dollars for courses, only to still lose money after attending them. Many empty promises have been made leading to broken dreams. This to us is a sad outcome.
In our opinion, the only course fee you should pay is to the market. There should be no stress or pressure to try and recover “course fees” after attending them. We want you to have a clear mind and a stress-free trading environment. In our blog, we never mention courses or payment in our posts.
In our blog sharing, we always put our ideas on a forward looking basis rather than giving hindsight analysis and commentaries. Hindsight will forever be perfect and can be dangerous as well as misleading. Our readers have benefited from learning technical analysis and understanding how the stock market works.
All you need to do is just have an account with us via Contact us and we will guide you in this journey.
Thirdly, we believe in value adding to our clients. Rather than just receiving daily research reports, we invite our clients to our regular client seminars where we share widely on the latest market directions, investment/trading ideas, and products training (such as how to use CFD and advanced order types for proper risk management.)
Additionally, we also provide timely stock market updates and the latest tactical trade ideas to clients via WhatsApp delivery. Doing so has allowed us to reach out to our clients rapidly, and has been a strong key feature of our service which is appreciated by many of our clients. We understand the evolution of technology and use it to our advantage.
ValueAdded
Service with a heart.
Last of all, we have matured from our past experience and with our current “Family Man” status, we place a huge emphasis on the important of Risk Management.
This principle is reflected in our trading ideas and guidance.
We want our clients to make successful trades and ultimately grow their wealth with us!
Act now!
If you like to enjoy these services together,
or like to know more about us ,
or how we can share our knowledge,
or if you want to grow your wealth with confidence, Wait no more and open Your Trading Account with us now!
Wilmar, a palm oil related stock which we blogged about just a day back came tumbling down today to hit a low of 3.52.
It broke below the horizontal support of 3.60 which we have drawn and went to as low of 3.52. Not bad in a day. But of course we always preach slow and steady. =) Wilmar has been down for a couple of days so do take note of that. Our target still stays at 3.48 but we’ll shift our stop loss lower now to 3.62 level. So worse case if wilmar rebounds we’ll break even.
The support will now be the resistance and we’ll add 1-2pip more just in case. We’re using Poems CFD to short the markets and not doing a naked short.
For those who has been asking how to use CFD to short, stay tune we’ll be calling for a seminar shortly.
Wilmar is a palm oil stock that we’re looking at. Palm oil related stocks had some downside today. Stocks like First Res, golden agri and indoagri.
Wilmar tested its 3.60 horizontal support and recovered slightly. We’ll be watching it to see if 3.60 breaks in the coming days in order to consider a short. We’ll be using Poems CFD to open our short position as we would want to swing it down to 3.48 and then 3.43 if possible. Our stop loss would be at 3.69.
Sembcorp Industries is one of the many counters that we are looking out for.
It is currently resisted by the downtrend line that we drew and also by the horizontal resistance line at 3.23 . What we like is that there is an increase in volume, the moving averages seems to be sloping up and the 20ma might be cutting above the 50ma which is a good sign.
Another factor to take note is the upcoming opec meeting on 25th May. Where opec will decide if they will extend the output cut. Oil has been rebounding and that might be positive for our oil counters like sembcorp marine and keppel corp both of which we are looking with interest.
Though sembcorp industries is not a direct oil play. It could potentially benefit from the extension cut.
Our possible entry might be 3.24 with a stop loss of 3.12 and a target of 3.35 first.
China Aviation Oil broke out today just after we blogged on it on Tuesday News was out on Wednesday after market hours that it will be included in the MSCI Singapore Small Cap Index effective on 31st May after market hours. More can be read here
We would shift our stop loss to around 1.66 now so that in the worse case we would still be breaking even. Being alert to take profit along the way is also important in case market turn.
Remember preserving capital in this market is key.
China Aviation Oil hit a high of 1.695 and of course we’re hoping that it can hit our first target of 1.72 which will put us in some nice profit. More volume came in today so hopefully that could lift this stock up in the coming days.
China Aviation Oil or CAO for short has caught our interest once again. There is an increased in volume today and has reached it’s horizontal resistance of 1.66.
If CAO manages to break that resistance and stay above it we might see further upside to 1.72 first. It is currently above its 20 moving day Our stop loss would be 1.62. We’re choosing to keep to a tighter stop loss this round as recently our local market has been a little choppy. So we’re keeping to a tighter stop loss and reducing our lot size accordingly.
Our job is to manage the risk and let the market take care of the rest. =)
STI (Straits Times Index) hit our target and closed right on it since our blog post on 2nd may . Our next possible target could be 3288 area.Do remember to plan your trade and take profit along the way
Some have asked where and how to trade the Straits time index and we are happy to say that at poems is the only stock broker in singapore providing traders with the Straits Time Index CFD.
Just drop us a mail and we’ll be glad to show you how you can participate in this exciting index.
Keppel Corp has built a small base around the 6.47 area and started moving up. It moved up to its 20 days moving average and got resisted but we feel that there might be more upside possibility if this clears.
Keppel Corp could move up to its 50 days where the downtrend line is also. 6.8 is also the horizontal resistance. So if it reaches there then we’ll see how strong the movement could be and if its possible to break those lines.
Our stop loss could be at 6.46
Yours
Humbly
Kelwin&Roy
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