Wednesday, January 04, 2006

Psychology in Stock Trading

Another strong day! I should have been very happy but Rotary spoilt my mood. Also, something wierd is happening. Why are my counters not rallying? Most of them closed with dojis or slightly down with heavy volume. How unlucky can I get? STI 2400? Better believe it! hahaha However it has gone up so much, i wouldn't be surprised if there are profit taking. Anyway, it's healthy to have some selling during an uptrend.

I am experiencing hope and greed. I am hoping that those bearish signals I saw on my counters will not come true and I am greedy for further upmove. I have basis for my greed, look here! As a trader, I must be impartial and treat my stocks as merchandise. I am the business owner. When I have profits, there is nothing wrong in cashing out. It doesn't make sense to risk my profits for that extra few bids. Over the last few months, I realised that my stock picks has improved. I missed out on so many big runners because I have not enough cash. If I can consistently take profits off the market, my account will still grow all the same!

Since there is a mention about my strong following, I must thank all my visitors for that. : ) Thanks for dropping over, you make my blogging less lonely. Otherwise I will be talking to emptiness in the cyberworld. Also, Thanks for all the individual mails of encouragement i had received from day 1. Actually, I have already been humble about of the average of 550 visitors..keke There are more than 700 visitors on trading day daily! It's the weekend that pulls the stats down. hehe Actually quite thrilling watching the sitemeter on the left everyday, it's like STI...up up and away! hahahaha



Capital Land: Another shooting star is borned! One thing I noted is how other property counters are rallying strongly but there are selling in this counter.



Rotary: With a record breaking contract of $530 million yet it is not able to close at new high. To make things worse, it opened up and close down at day's low with a heavy volume. I hope you learn something here. Good FA doesn't guarantee stock price rally. I shared how I always respect the shooting star reported 2 days ago, hope you will too in future. When it occured, i smelt distribution, especially since "Eric" mentioned DB selling but decided to hang on as the news was coming. I am very disappointed that it ends with a typical sell on news. As a trader, i am going to take my profit (heng ah, still got profits after making so much noise hehehe) and re-enter when it's time to buy again.

*GrowMoney QuickPick*

Venture Corporation Limited Ordinary Share 14.5000
Keppel Corporation Limited Ordinary Share 11.7000
City Developments Limited Ordinary Share 9.0500
City Developments Ltd W060510 Ordinary Share 6.5500
Singapore Land Limited Ordinary Share 5.6500
Singapore Petroleum Co Ltd Ordinary Share 5.1500
Keppel Land Limited Ordinary Share 3.8600
Total Access Comm Pub Co Ltd Ordinary Share 3.5000
Neptune Orient Lines Limited Ordinary Share 3.4200
Cerebos Pacific Limited Ordinary Share 3.3400
Sembcorp Marine Ltd Ordinary Share 2.9500
Hyflux Ltd Ordinary Share 2.9300
Cosco Corporation (S) Ltd Ordinary Share 2.3000
Hotel Properties Ltd Ordinary Share 1.6000
Ezra Holdings Limited Ordinary Share 1.5700
Pearl Energy Limited Ordinary Share 1.5500
United Intl Securities Ltd Ordinary Share 1.4400
Kim Eng Holdings Limited Ordinary Share 1.4000
HTL Int'l Holdings Limited Ordinary Share 1.3300
Magnecomp International Ltd Ordinary Share 1.1100
Labroy Marine Limited Ordinary Share 0.9200
LMA International N.V. Ordinary Share 0.7750
Aqua-Terra Supply Co. Limited Ordinary Share 0.6700
Celestial Nutrifoods Limited Ordinary Share 0.6550
SP Chemicals Ltd Ordinary Share 0.6350
Trek 2000 Int'l Ltd Ordinary Share 0.5850
China Sky Chem Fibre Co., Ltd. Ordinary Shar 0.5700
Pacific Andes (Holdings) Ltd Ordinary Share 0.5000
Singapore Exchangemblecw060406 Warrant 0.4700
Sembawang Kimtrans Ltd Ordinary Share 0.4650
Aussino Group Ltd Ordinary Share 0.4400
Golden Agri-Resources Ltd Ordinary Share 0.4100
Asia Food & Properties Ltd Ordinary Share 0.4100
Intraco Limited Ordinary Share 0.3650
China Petrotech Holdings Ltd Ordinary Share 0.3600
Man Wah Holdings Limited Ordinary Share 0.3500
ull Apex (Holdings) Limited Ordinary Share 0.3450
Meghmani Organics Limited Ordinary Share 0.3300
China Paper Holdings Limited Ordinary Share 0.2900
Star Cruises Limited Ordinary Share 0.2850
ulti-Chem Limited Ordinary Share 0.2550
lextech Holdings Ltd Ordinary Share 0.2500
Guthrie GTS Ltd Ordinary Share 0.2450
Tiong Woon Corp Holding Ltd Ordinary Share 0.2350
Ausgroup Limited Ordinary Share 0.2350
Interra Resources Limited Ordinary Share 0.2300
Junma Tyre Cord Company Ltd Ordinary Share 0.2100
CG Technologies Holdings Ltd Ordinary Share 0.2100
China Lifestyle F&B Group Ltd Ordinary Share 0.2050

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings