Wednesday, January 31, 2007

HSI showing true colors

The weakness in HSI continued after a pause on Tuesday. The blood shed caused many China Stocks in Singapore to dips. I'm eyeing levels from 19,600 to 19,800 for strong support, breaks that, 18,000 level is possible. From a level at 20,600 , I have traded my position down to 20,200 to 20,300 levels. One thing I learn is not to sit idle and stare at a position gone wrong. I must learn to manage my position. I remain long on HSI. If HSI can rebound from here, objective level will be at 20,600 resistance gap. If market should give way, I will cut away my HSICW and somersault to PWs.

Alot depends on Fed's minutes...with market giving no clues to what will be the result and stayed near record highs, this is the time to watch how the market reacts to Fed's minutes. Market gone up hoping Fed will cut rates this year. With Economy coming in good GDP numbers for the US, it means a strong economy where the Fed will unlikely cut rates. It will send waves of selling if they react to strong GDP as a sign of inflation worries again.... Tighten your seat belt!

The weakness this week sets up an excellent chance for a rally next week and to CNY. It just doesn't make sense to go up this week and continue up all the way to CNY..that's suicidal. Last week, I anticipated a black candle week before CNY, this week could jolly well be it. Until something adverse happens, everydip i will be picking up Strong uptrend stocks!

GrowMoney Growth Fund
CoscoCorp @ 1.31
TatHong @ 1.16
JiuTian @ 1.05
MediaRing @ 0.325
Jasper @ 0.025
Amara @ 0.450
SeeHupSeng @ 0.470
HSI CW

Activities
Cut Loss on Sinopipe Avg bought at 0.380 and sold 0.360

GrowMoney QuickPicks
Epure
Kingboard

I made a loss today after nearly 2 months of blissful trading...keke Ah....well... losses are part of the game. I know they will come sooner or later. Losses like this are insurance against heavy losses. Even if Sinopipe were to rebound from here, I won't relook until I get a T.A buy signal. It looks pretty ugly on the weekly chart for now.

SeeHS was bought at a wrong time, no buying interest at all this week. I am anticipating it to go higher on Friday. Otherwise, I will cut first. It is no surprise to see the strong stocks keep going and remain firm and those weak stocks remain weak.

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.

Monday, January 29, 2007

HSI fails to sparkle

It must be noted that although STI was up 41 points today, some of the individual stock has shown weakness. Let us not forget about the ugly closing on the weekly chart of STI, it serves 2 purposes. Either we have washed out the weak holders or today's high will trap more traders as we finish the week poorly. Wednesday's Fed minutes will be key for this week. Market has factored in on rate to stay. So it will just be their comments on inflation and their future outlook on interest rate that will cause reactions.

HSI was surprisingly weak. Nikkei and SG was more positive. I am keeping my longs on HSI, still with a price objective of above 20,300. Today I loaded SeeHupSeng small, if proven correct, i will add on. Once again my holdings went further into green with Amara going ma ma mia! keke

GrowMoney Growth Fund
CoscoCorp @ 1.31
TatHong @ 1.16
JiuTian @ 1.05
MediaRing @ 0.325
Jasper @ 0.025
Sinopipe @ 0.330 1st batch
Sinopipe @ 0.425 2nd batch
Amara @ 0.450
SeeHupSeng @ 0.470
HSI CW

Activities
Bought SeeHupSeng @ 0.470

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.

Thursday, January 25, 2007

Bulls or Bears, you decide

The afternoon heavy selling caught everyone by surprise. I took profit on ChinaEnergy today further reducing my exposure in the market. Market has gone up quite alot and some form of selling is expected. Zuj was the funiest of the lot, coz' in the morning he mentioned about preparing amour to take on the selling! haha The question on everyone's mind will be is this it? Will the market finally collapse? We still have reasons to be up tomorrow, bargain hunters were spotted late today, budget day is coming, next week Fed minutes, Chinese New Year. Also I notice the pattern of the current market is, we pull back one day only for the bulls to continue. Nett Nett we have an up week. Of course this pattern will not be there forever, but with the conditions surrounding the market remain constant, i.e newspaper headlines, penny stocks in top volume, oil ard 55 bucks, HSI strong, US at new highs.... the pattern may continue. In trading there is no sure thing, you conceive a trading idea and manage your risk. Anyway, when market pull back, as long as your stocks doesn't pull can liao! hahaha

I added another batch of Sinopipe at 0.425 today after it started the day strongly. Also during the panic selling, I went long on HSI when the latter was found testing the 20,500 levels... it closed higher and my warrents is in the money at closing. I put on a small position first and if proven correct by the market, i will promptly add on for an objective level of 20,900 or even 21,000. I have been on this incredible winning run since Nov'06 and to top it off, i won 10/10 times in HSI. I know I have to lose some day. Especially after such a fine run, a big bad lose will be looming ard... let us see if i'm right or wrong about HSI. The same rules applied, it's how much we win when we are right and how much we lose when we are wrong that makes a difference.

GrowMoney Growth Fund
CoscoCorp @ 1.31
TatHong @ 1.16
JiuTian @ 1.05
MediaRing @ 0.325
Jasper @ 0.025
Sinopipe @ 0.330
Amara @ 0.450

Activities:
Bought ChinaEnergy for 1.18 and sold 1.34
Bought PineAgritech for 0.610 and sold 0.635
Bought Amara for 0.450 and sold half at 0.580

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.

Wednesday, January 24, 2007

Taking profits on the way up

This is the second time I posted with this title. Yes money is made by taking profits and not just sitting on paper profits. I swung from massive loss to profit and more because I take profits off the table from time to time and reinvested when the opportunities come. I will be stupid to relax at one corner and everyday "wah wah wah my cosco, oh my jiutian, wah my amara" That is what market calls "falling in love with your stocks" This will paralyse you when the market turns! Beware!!!

I was reminded that I should lighten up my holdings. With 10 stocks in my Growth Fund, if a bad event ala Sept 11 is to happen, I will DCS.....it requires at least 10 mins to key in the orders!!! haha Not to mention the risk of SGX suspend trading if lao too much, then all the money will be stuck inside!!! Hence today I took profit on PineAgritech and sold half of my stake in Amara. The rest of the trades still looks good on the charts and I'll continue to observe weakness and take profits accordingly. I didn't like the way market went up for 3 consecutive days with no shakeout of holders, it tips the balance scale more to the buyer side leaving the equation unbalanced. Also the way the stocks are chased up reminded me of being nimble. My Growth Fund has now recorded it's highest growth rate at abt 40% since inception. This was achieved by riding the trend and cutting my losses short. The extreme bullishness helped. But I will be stupid to sit on it and watch it erodes should a pullback happen.

There is a saying, with many string of wins, comes a bad loss! I'm going to avoid that!

I'll be setting a trap for the bulls as I anticipate at least 1 black weekly candle before Chinese New Year. Also a reminder that next week Fed Minutes will be released. HSI warrants loaded into watchlist and all ready to pull trigger.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe
Amara

It is very nice to see my stocks rockets off one by one...jiutian being the latest. However this only reminds me that this is an abnormal behaviour of the stock. I must be alert!

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.

Testimonials and Pictures Of the Events

lai ah lai ah! Testimonials and Course pictures available for viewing finally! hahaha

Now it's easier for you to decide to join or not to join.... hehe

www.chartnexus.com/events

Tuesday, January 23, 2007

Amara and 3 Free Lunches

Found the title wierd? Well this is the story... last Wednesday, after buying Amara, I went to 4 friends and patted their back, "Lai ah Buy Amara! 0.450...dun say i no kai seow ah! By Friday will be 0.470 and next week 0.50!" and I keep repeating! Yes, in private i am as funny as you read here! hahaha 3 of them immediately bought and 1 of them thought i was mad. All were actually unsure but because they knew I am very passionate and commited to Trading, they just followed along.... Now I have 3 free lunches! wah shiok man. keke Next time all I have to do is kai seow them to buy along and I dun have to foot my bills for lunch! hehehe The price actions of Amara was very neat...a familiar pattern that I have seen before and when the market pulled back and Amara was intact, i know we have a chance. Couple that up with property and hotels in play, another strong reason. The best part was, IT APPEARED IN MY OWN QUICKPICK! So for now, I will continue to feed those dudes any trades i am on and presto! free lunch! hehehe



Last night DJ's pull back was pretty surprising...and I thought our market is going to die... But wah wah wah, Die we did not, Nikkei open firm and HSI was also firm and absorbing the selling pretty well. Same goes for our bourse. The best part was, my portfolio continued to grow. The nicest thing to observe was, when market pulled back, my stocks pull back by 1 or 2 bids only. That is strength! It seems to tell me more upside coming and that i should continue to watch the price actions and not sell just because I think market is very high liao. The cheer of the day no doubt goes to ChinaEnergy! After weeks of waiting, finally the giant rockets off in an explosive manner! Now it will be interesting to see if it can gap up and continues. Tonight can have sweet dreams liao. I just checked DJ's chart, it has bounced off 20 MA yet again. This can be the support for a continuous uptrend. Let's see how well market defends this moving average.



Highlight of the Trading week!







GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe
Pine Agritech
Amara



*As i am 75% vested, I am not looking to buy and hence no quickpicks. XPertTrader users, I saw some of the stocks picked up by my rule quite swee...I wish you all the best! Huat arh!!!


Are you struggling to make money in a Bullish Market?
A reminder, those who are interested to spend a Saturday with me, learning about Trading, I welcome you to join us at the course intake 7 liao hor! hehe Not to forget, we will cover what to buy next Monday! hahaha This is the link >>> http://www.chartnexus.com/events/more_details.php?eid=1012



At another Event, A date with me at SGX Auditorium, where I will show you the tips and tricks of using MacD Indicator + Histogram, this is the primarily indicator that I based on and also the reason why I am able to latch on to large movements. This is the link >>>http://www.chartnexus.com/events/more_details.php?eid=1003



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.

Difference in Opinion

The Big Crash

Preserverance bears fruits

Trading secrets revealed



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.

Thursday, January 18, 2007

75% Vested

Ah Ben is going to speak tonight, this is very key. Let us not forget how he's first speech send the market tumbling down in May'06. Market run up was partly due to the fact that it anticipates a cut in interest rate this year due to slowing economy. Last night PPI surprised on the upside but yet market didn't fall which it normally would. I smell a rat. Maybe market is anticipating friendly CPI numbers and music to the ears kind of speech by big Ben.

I bought Amara yesterday to bring my total portfolio to 9 stocks and about 75% of my cash invested. I'll be looking to take profits on some of my trades, those in the money with good FA, i shall continue to ride the trend. My method of trading is base on daily charts hence buying at the lows of uptrend catching the resume of uptrend as it happens. That is also why you see most of the quickpicks are spot on. Just imaging swimming in the sea, it will be easier to swing along with the current. Some of course will be wrong and we will cut lose promptly, but if you get it right, wu la la, JiuTian, Cosco, Tat Hong..... This is how it goes , "Cut the losses short, Ride the winners long" I'm sure alot of you are employees like me, we have no time to monitor the market day in day out. So the next best thing to do is to find entry points for for uptrending stocks, as soon as you get the winner, you can ride the way up! This way, you continue your profession and yet your money is growing in the bank! :D Huat arh!

Dudes, remember weekly candle is formed by monday through friday. Do check the weekly charts as well, u will notice most of them are still pink in health. Thursday night is always important to me because I can anticipate how the weekly candle will close on Friday.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe
Pine Agritech
Amara

*No quickpicks tonight as clearly, it doesn't make sense for me to load up anymore! haha

For readers who are interested,
Upcoming Events
27th January: Cracking the Stock Market Code Intake 7
7th Febuary: Trading Strategies Explained (SGX Auditorium)


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.

Tuesday, January 16, 2007

Market Pulled Back

Fwah with my hands full of stocks, it's really chaotic trying to read the price actions. Simply could not get a good feel. Anyway didn't have time to really look at them, only periodically checking nia.

After a strong Monday, the market promptly pulled back. Alot will be depended on US tonight. But for US, it is a volatile week as well with a number of economic data coming out. If US goes green, all the losses may gain back tomorrow. If it's red, then i will be locking in profits.



Pine that I bought yesterday pulled back with heavy volume something that i never liked. Anyway support at 0.570 should hold and we should see pine testing the upper downtrend resistance for a third try, break that, uptrend should resume. However if it breaks 0.570, the upper trendline channel will be broken and I shall run first.

While i am deep in profits in many of my stocks, I shall not be complacent and sit on losses. Winners never sit on losses! If i'm wrong I need to manage my risk and not sit and hope!

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe
Pine Agritech

Events Updates
I am pleased to announce that I have 3 more engagements!!! with ChartNexus in the following weeks! keke Things are really hotting up this 2007! A big thank you for the great feedback forms from the last few classes, it is your feedback forms that encouraged ChartNexus to contract me again! :D The 3 include the usual Cracking the Stock Market Code intake 7!!! last week of Jan, then the SGX Auditorium workshop in Feb and one more in NUS!

GrowMoney Quickpicks
Ausgrp
Starhub
YanLord
Sinwa
Sembkim
Genting

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.

Monday, January 15, 2007

Bull Piercing Through

Property counters made their comeback and lead the way. What happened here was it strayed and pulled back during the last few weeks and let the cheaper construction stocks made the limelight. After consolidated enough today most of them break out... Property counters dominated my system picks tonight.

As my portfolio is already very stretched, i decided not to persue. It is very easy to be tempted to add more positions but i have to manage my risk. By holding too many counters, I am over exposed to any sharp pull back. Furthermore, work is busier these days. But boy am i glad that my portfolio continued it's explosive run today dragging me deep into profits. This is what i always wanted! A strategy that is effective for my small trading account and my limited time. Getting into high probability moves of good FA stocks and ride the trend. Trading index warrants is out of the question for the moment as i do not have the time anymore.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe
Pine Agritech

Picked up Pine Agritech after being alerted to the nice nice chart pattern. I saw and anticipated that it will appear in my System screen tonight and wasted no time in grabbing some. Indeed, pine agritech came up in my stock screening.

GrowMoney QuickPick
Amara
Pine Agri
Sino-Env
Synear

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.

Thursday, January 11, 2007

GrowMoney Growth Fund Swings into profit!

After losing money in the bull market in 2004, i looked stupid! How can anyone lose money in a bull market? 50% of my small account gone up in smoke.........it was devastating, how to climb back with limited bullets? The date was 17th Jan 2006, it was one of my good runs in the market and I started 2006 brightly. I began to show results after treating trading seriously. Fast forward to 11th Jan 2007, I have won back all my money lost in the market over the years with interest! I am glad that my hard work paid off. Looking back, it was quite a tough journey. Trading was never easy and I got whacked left right center for being egoistic, read a few books and think I know everything. Idiot! I find the most difficult thing in trading is not learning technical analysis, it is the psychology part that needs the most hardwork. How do you like seeing profits going up in smoke? Losing 7 out of 10 trades? Cut loss only to see the stock rebound upwards? All the books i read is abt indicators used in Ang Mo markets.....it is only after observing and listening attentively to an experienced trader then i realise it is not all about indicators.

I am preparing for my big day this year, ironically it is this idea that got me losing 50% of my capital in the first 6 months. I wanted to double my money in the market to fund my wedding but alas it lead to my wedding being delayed instead. It was the ultimate mistake anyone can make! That is to think that the market is an easy place to make money. Everytime I loss, i grew more worried. Soon enough i build the cannot lose mentality and subconciously i began to trade with my emotions. What an idiot!

Stock market is really a good place to grow up. I have since learnt to be humble and respect the market and most important of all to treat the senior traders with respect. They are in the market for so long and the only reason they can survive is because they know the stuffs.

If you are still in the red, do not fret. Be commited to make the change, decide that you have reached bottom and start to get serious about trading and make a comeback. If I can do it, you can too! It is a matter of whether you want to put 100% into it.

I have been dreaming about writting this article since i started this trading dairy. I have finally done it. I have got a system, a group of good mentors and my foot will remain planted firmly on the ground. We chinese has a saying, "when one drink water, always remember the source." I attribute my little success to this group of mentors. : )

I swear not to self sabotage! My next target.....Trading for a Living....

Wednesday, January 10, 2007

Market Bears the pain

I thank lady luck for smiling at me today. I was left unscathed from the attack by the bears today. The reason is still not known as DJ had a decent close last night. The nightmare began when Nikkei swung to negative 200 early in the morning. Intra day wise my stocks like jiutian chinaenergy all gave up huge gains. I maintained composure by sticking to one of my rules to only decide the actions to take closer to 5pm. By 5pm, they recovered.

STI one way ticket today is a real shocker. Although i expect a pull back after my study of volatility on Sunday night, i never imagined it to be such scale. We have now closed the gap that i'm so wary of. This is good as if the undertone is strong, we can move to greater heights from here. Now there are a couple of things to watch out for. STI must rebound by Friday for the indicator to show signs of life. 2865 is where the 23.6% Fibbo is. This could be the bearish target mid term. Otherwise, 2920 seems to be near term possible support. But with momemtum indicators with room to fall, i shall stand aside.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe

Last day for registration!

Cracking The Stock Market Code Class happening this Saturday.





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.

Tuesday, January 09, 2007

Keeping a cool and level head

As I see my holdings sky rockets off, I admit greed grew in me. I began to envision that they will gap up everyday and when I am looking at the quotes, I am calculating my paper profits. Wrong Wrong Wrong! This is self Sabotaging. By counting the chickens before they hatch, my psychology will be affected and will eventual lead to reluctance in taking profits or worse still, let my profits turn to loss and do nothing. I know it too well because this was an old mistake I never want to commit again. I was tempted to click on the link to check my total portfolio profits but I force myself not to do it. Instead I spend the time doing my work and only check back once in a while to decipher the market sentiment and not just focussing on "wah my stocks fly!" "wah i make so much money" or "wah i so smart, i am very good" Believe it or not, i use to do it. What a stupid way to feel good! This is one way to lead to egoistic behaviour in the market. Back in those days, i will be very excited and will feel very smart when my stocks rally. Not anymore, because the market punished me heavily and I know how important it is to plant my foot firmly on the ground. Maybe I'm getting older hence understood there is no need for that. Trading should be treated like a business and we should be concerned abt growth and not short term gains.

The second thing that flashed across my mind was how to make more money! Yes! Greed! I am making very consistent profit and now I am dreaming of getting rich faster. I shall not fall into such trap! I knew because i have the knack of sending back all my profits to the market after a string of good runs. I have a trading strategy that is working for me and giving me consistent profits. By buying the right size, my psychology stayed level and my account grew. If I were to buy a bigger size than what my psychology can accept, my account is doomed. I read that inorder to upgrade your trading size, it is better to have already doubled or trippled your trading account first.

A friend discussed Genting with me and was shocked why despite being a trader, I did not profit from Genting. Here's my reply, the kind of movement by Genting is uncommon. The probability of it happening is not high. My style is to trade in more constant and predictable movement. That is the easiest way to win money. When the indicators is where we want it to be, market direction is clear, stock selection is good, you should be able to make money most of the time. HSI for example, from July'05 to Dec'05... I have traded HSI only 9 times and profited all 9 times! The 9 times I traded are nothing fanciful, just purely low risk high reward and high probability trades.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper
Sinopipe

GrowMoney QuickPick
Labroy Marine
*Students from Cracking the Stock Market Code, feel free to engage in discussion about my quickpick in our Alumni mailing list. All should try to identify the support and possible resistance for Labroy before buying.

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.

Sunday, January 07, 2007

Tension runs high

After a splendid close to the year, we open the year 2007 on shaky ground. DJ closed down 88 points on Friday and let us not forget Wednesday it fell horribly from a high of 110++ to close up 11 points only. The inability to close above 12,500 is something to watchout for. A possible pullback could happen. I read the VXO index, we are now at the resistance level. If we break this level, US market can have more downside with possible support at 12,380 thereabts... if that gives way, it should be a spectacular end to January.

As for the local scene, we are a small market and will be no doubt under the influence of US. What's in stall for HSI? After a mouth gapping decline of 400 points, Friday's actions seem to suggest bargain hunters stepping in. But do not mistaken it for strength, strength will be to see HSI break 20,500...if it falls short around there, we can buy PW. Will the bargain hunters be hunted tomorrow? We shall see. Trading volume for our bourse is very high and this is something to watchout for.

An ideal scenario for tomorrow will be a poor low volume open down in the morning and strayed aimlessly not threatening to head lower. Then we will have a chance to close high. The open down is due to reaction by "kancheong" spiders to DJ's 80 points decline. But watch out for HSI.

GrowMoney Growth Fund
CoscoCorp
TatHong
ChinaEnergy
JiuTian
MediaRing
Jasper

GrowMoney QuickPick
Sinopipe

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.