Sunday, March 26, 2006

Blueline Theory works it's charm on Stock Market

What a closing on Friday! Although index has nothing to show for, but individual stocks went crazy. Particularly Cheena stocks. They went crazy after half time! Just as i hated myself for missing out on Thursday, I grabbed every opportunity on Friday morning to buy when many of my quickpicks breaks key resistances. By the end of the day, I am sitting on profits already. keke It's not a guarantee that i will make a killing this time round. But in trading, if I cut loss at 2 cents loss and take profits at 10 cents, it is a sensible plan. Just like a soccer match, if you keep playing the ball in mid field and doesn't attempt a shot, how on earth are you going to win the match? Of course it takes guts to place a trade. Where will the guts come from? My guts come from staring at past charts over the last 2 years, doing back testing of strategies and knowing what works what doesn't. The comfortness in placing the trade comes from confidence which in turn comes from experience. Know what you are doing and go for it! Let's tua tua huat tomorrow!!!

GrowMoney QuickPick
Stock: Line Of Least Resistance
Labroy: 1.52
SembKim: 0.535
Tech oil & gas: 0.740
Tat Hong: 0.890
City Dev: 10.40

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.