If you are not making money and hoping that your dead stocks rebound, I am just like you 6 months ago. Then, I was tied down by my HGM and while my friends were making money, I was covering my losses. That is when I decided enough is enough and started to get serious. If you are like me, I advise you to change your whole trading methods and psychology. Get a book and read it. When market rallies, as a trader you should be making money.
This week was a test to my self acclaimed employee styled trading methods. I couldn't afford the time to get online. Work still comes first for me as it is my primary income that put food on table. Every buy/sell decision has to be made and orders keyed in before market opens. I'm just glad my methods still worked under that condition. It is important to find a trading style most comfortable to you! Tell me how can you contra or go for short gains like 2 bids if you have no time to monitor the market full time? It just doesn't make sense and it is exactly why i began my trading journey in red (Now pink liao hor haha) For me, i only make a trade if it is likely to breakout because normally, it will run up up and away! keke
Someone asked why Capitaland was sold down to 3.52 today? Well it closed 3.58 didn't it? hehe Another thing that is always mentioned, do not be fooled by intraday actions. Sometimes, weakholders or contra players sell to cash in their profits. I make my decisions before market opens to avoid falling into the trap of selling too early. This rule of mine comes after many bad trades during intra day. Of course if a sudden surge of selling occurs, selling intra day is fine too! :P
Federal, Utac & MMI, what do they have in common? They are all counters that I saw opportunities in December. You can check the archives for the charts. Also i realise the best opportunity for profits other than buying at breakouts is to buy when there is low volume on little price change for a couple of days. But pre-requisite is, there must be a well defined prior uptrend! Quite important to me, I hope you can explore this idea. : )
If you appreciate my sharing of observations and lessons i learnt through the painful ways, there is a song i like particularly and i hope you can understand, *sing* if you are happy and you know it's click your mouse! Click Click! hehe :D
Tua Tua Huat ah!!!!
UTAC Testing the next resistance at 0.800 . Breakout candidate
Media Ring - 3rd try to break 0.280...the volume this time round is quite good and constant. A breakout today. Let's see if it can take out 0.280
Capitaland - Progressive charting.
DBS- I knew banking sector will be part of the rally and I was right. Yes I was vested in the babies. Cheers to all my members who betted with me! : ) But it's now at resistance, since i bought the babies, i will be fast to take profit in this one as babies are volatile. I will cover my rules of choosing babies in this week's weekly analysis volume 2.
HoBee - My biggest runner so far and I still can't find a reason to sell it. It has an uptrend, very good chart formation breakouts and stable predictable consolidations. If you can understand a stock's movement very well, just like a samurai with his sword, you will be invincible. Breakout candidate
*GrowMoney QuickPick*
United Test & Assembly Ctr Ltd Ordinary Shar 0.7800
Biosensors Int'l Group, Ltd. Ordinary Share 1.0700
Global Testing Corporation Ltd Ordinary Shar 0.3050
Celestial Nutrifoods Limited Ordinary Share 0.7450
Mediaring Ltd Ordinary Share 0.2700
DMX Technologies Group Ltd Ordinary Share 0.8400
Beauty China Holdings Limited Ordinary Share 0.7400
Airocean Group Limited Ordinary Share 0.1400
Fibrechem Technologies Limited Ordinary Shar 0.7900
MFS Technology Ltd Ordinary Share 0.8050
BH Global Marine Limited Ordinary Share 0.2400
Electrotech Investments Ltd Common Share 0.5600
Hyflux Ltd Ordinary Share 3.0800
IPC Corporation Limited Ordinary Share 0.2250
Singapore Exchange Limited Ordinary Share 3.0400
Comfortdelgro Corporation Ltd Ordinary Share 1.6300
People's Food Holdings Limited Ordinary Shar 1.1900
China Flexible Pack Hldg Ltd Ordinary Share 0.4450
Meiban Group Ltd Ordinary Share 0.4100
Aqua-Terra Supply Co. Limited Ordinary Share 0.7000
Japan Land Limited Ordinary Share 0.0800
Hotung Investment Hldgs Ltd Ordinary Share 0.1300
Federal Int(2000) Ltd Ordinary Share 0.4600
Pine Agritech Limited Ordinary Share 0.8350
Singapore Petroleum Co Ltd Ordinary Share 5.3000
Aztech Systems Ltd Ordinary Share 0.1900
United Food Holdings Limited Ordinary Share 0.2450
KS Energy Services Limited Ordinary Share 2.1600
See Hup Seng Limited Ordinary Share 0.0850
Federal Int(2000) Ltd W071207 Warrant 0.2250
AEM-Evertech Holdings Ltd Ordinary Share 0.1300
Asia Dekor Holdings Limited Ordinary 0.1050
Man Wah Holdings Limited Ordinary Share 0.3650
Hong Leong Asia Ltd. Ordinary Share 1.5900
Asiapharm Group Ltd Ordinary Share 0.6600
Longcheer Holdings Limited Ordinary Share 0.4300
CSE Global Ltd Ordinary Share 0.7400
Tat Hong Holdings Ltd Ordinary Share 0.7100
Pacific Century Regional Devts Ordinary Shar 0.2150
Fu Yu Corporation Ltd Ordinary Share 0.5250
Ho Bee Investment Limited Ordinary Share 0.7250
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings
