Stock market began to turn positive today. My watchlist is full of greens but the volume still not as impressive as i would have hoped. I think there is a stark difference of my account in 2004 and 2005. This time round, my money grew as the market went up. In 2004, i am so fearful that i was 100% cash or did something stupid my buying into "dark horse" stocks. From my daily sentiment scan, it's still as mixed. A super rally from the US tonight should help us alot. Otherwise i will still be cautious.
I got greedy today! This is the number 1 killer in trading. After a long wait for the window dressing, my hattrick of profits and some "insider info", I tried to buy more of Rotary that I already owned at 0.485. I thought i saw buying or collection at 0.525 and wanted a piece of that. Chart wise is warning me to be nimble and yet I am bullish on it by my gut feel. I should have known better because gut feel cost me alot in 2004. These are the same mistakes that happens each time in the stock market. 0.530 is a very strong resistance and I knew unless this is taken, otherwise I risk buying at resistance only to see paper loss due to corrections. My order was keyed in at 4:58pm and that's just 2 minutes before the final whistle. I was deliberating from 4:30pm and finally decided to buy 2 mins before it ends. However, my orders were not filled and I live to tell you how greed got to me. Psychology in trading is the utmost important. Master it and I can assure you profits will follow suit.
GrowMoney QuickPick
Robinson & Co. Ltd Ordinary Share 6.0500
Datacraft Asia Ltd Ordinary Share 1.0200
Advanced Holdings Ltd. Ordinary Share 0.9100
Metro Holdings Limited Ordinary Share 0.8000
China Merchants Hldgs(Pacific) Ordinary Shar 0.7150
Surface Mount Tech (Hldgs) Ltd Ordinary Shar 0.5900
Samudera Shipping Line Ltd Ordinary Share 0.5750
Celestial Nutrifoods Limited Ordinary Share 0.5600
Portek International Limited Ordinary Share 0.4300
Chuan Hup Holdings Limited Ordinary Share 0.3950
Asti Holdings Limited Ordinary Share 0.3450
Man Wah Holdings Limited Ordinary Share 0.3200
Technics Group Holdings Ltd Ordinary Share 0.3000
Hongguo Intl Holdings Limited Ordinary Share 0.2600
Global Active Limited Ordinary Share 0.2300
Multi-Chem Limited Ordinary Share 0.2250
CDW Holding Limited Ordinary Share 0.2200
Ausgroup Limited Ordinary Share 0.2150
Sanghai Asia Holdings Limited Ordinary Shar 0.1950
JEL Corporation (Holdings) Ltd Ordinary Shar 0.1900
AEI Corporation Ltd Ordinary Share 0.0.1500
Radiance Electronics Limited Ordinary Share 0.1300
Nobel Design Holdings Ltd Ordinary Share 0.1150
Netelusion Limited Ordinary Share 0.0800
Tye Soon Ltd Ordinary Share 0.0600
Progen Holdings Ltd Ordinary Share 0.0550
Devotion Eco-Thermal Limited Ordinary Share 0.0550
ISG Asia Limited Ordinary Share 0.0500
Plato Capital Limited Ordinary Share 0.0300
Jade Technologies (S) Ltd Ordinary Share 0.0150
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings
