Merry Christmas - Short Yanlord

This counter show a shooting star on Dec 19, and volume has decreased from there on. Looking at the RSI (14d) which indicate the counter is at over bought region. Shall take the opportunity to short and earn some profit for your christmas present. Cheers !

A good stock trading system

We are experiencing a historical big crash in Oct 2008. This could happen once in our life time. For those who trade stocks base on long strategy may find hard to gain profit last month.
Due to this reason, I grap the last month many crash opportunity & had implemented a method i called it "V" pattern formation. And it excited me because this method had work so well for me.
Now come back to the month of Nov, we saw a market quick upturn at the beginning due to the oversold last month. I work out my own system that is to help alarm me the market trend & direction.
Some will ask why dont use technical analysis ? No doubt TA did a great job for me & cannot be ignored, but when u are in the practise of intraday basic, TA may not be as accurate as always due to the delayed signal.
A stock guru might have follow tones of good habbit & trading rules but this should not stop them to work with their own system & enjoy their own style of trading. I think a good trading system that can associate well with individually character is also important too.

Cheers for the good trading system together with success !

Semb Marine

On Oct 8 last wednesday where the market is in very bad sentiment and many of them are losse confident. I spot a few stocks such as Noble, Kep Corp & Semb Marine. I decided to take semb marine at the price of $2.09 even though there is no "U" turn signal to shown in my system.

Finally market had a strong pull back yesterday & i sold at $2.47. The STI shall continue to go down later on eventhough these 2 days seems so exicted about the heavy buying volume.

If STI continue to go down then i can buy more lots ! This is just my personal strategy.

Cheers for the bear market !

ps: i studied the stock chart juz now, seems to me that many stocks show candlestick in Dark Cloud Cover, Shooting Star or Evening Doji Star ! Market shall down.

A wonderful day for day trader

Yesterday I shall congrate to those smart day traders who are able to strike on the equity market once again.

Just less than 2 weeks since last Sept 18, we are again experiencing another market biggest free fall & then bounce back in a day.

If you are experience enough & like many smart day traders, I am sure you will not miss this time round the gloden opportunity for long, am i right ?

I dont practise day trader method that often, yet still quick enough to pick Noble Group for long at $1.15. See chart above. The only thing that not satify me is i sold it too early at 1.23. Base on my TA, i am expecting this stock shall moves up to the range of $1.31 - $1.34 in about 2 days time. Somehow this counter prove me wrong, they are quick enough to achieve my target price just within a day. On the other hand, i shall be gladful that stocks i pick can usually achieve up to 10% profit margin & more if i got the patient to wait. By all mean there is no such "if" in the stock market, is either you know or you dont know, Ha....Ha...!

How about the following days this week ? My preference is to go for long than short. Now a day traders shall be flexible enough & have a quick mind change decision to code with this crasy market flutation.

Investor who think they cant code with the high presuure market are not advisable to trade during this period cause it is too harmful for health. Just a joke, I heard some long term investors who are prefer to play golf than involving themself in the equity market, smart move !

Cheer,

Happy Holiday !!

Short cum Long - Strategy

Down, Down, Down ! As seen from the STI Chart above, it dropped from 2544 to 2411 since Monday. Thats why i prefer to take a short break.

Recently SGX has imposed a penalty for any 'shorted trades' resulting in SGX performing a 'Buy-In' process to cover the short trade. The penalty will be 5% of the value of the failed trade subject to a minimum of $1,000. As such intraday traders have to be more cautious to prevent the short sold position not covered on the same day.

During the correction period, it is not advisable to park big sum of capital in the equity market for long, Not till sti drop below 2000. Bear in mind that we still have a long way to fight with the bear market.

For those die hard traders perhaps there are some investment instruments such as Money Margin is one alternative way which allows both 'Long' and 'Short' positions. This instrument can leverage higher profit return during trade. One of my recommendation is CFD from POEM.

However, in this volatile market situation, only well discipline and experience traders are able to win the game.

Have a nice weekend !

Have a break

Base on TA, last week on Thursday & Friday strong pull back had made me feel unconfortable about the whole situation. I already sold my Sino-Env & Parkway as contra.

Do not forget that we still have the STI index on 2300 & below waiting for us. So lets wait....

Have a break lah !..

Tonight i studied the stock chart, they are stock candlestick in Dark Cloud Cover, Down Harami, Shooting Star. some looks like Evening Doji Star pattern going to form..... So scary or am i over sensitive about the bear market situation...Hope not !

Cheers

Stock Price sharply up turn

After the STI formed the Harami Cross Pattern on Sept 12, we had experienced a very scary fall on Monday till Thursday morning. Finally STI had sharpy up turn.

In my past experience, regardless of what market bad news is it, i encounter that usually the chart may perform another 2 ^ 3 days big fall after the Harami Cross pattern has formed. Hence i think it is an excellent oportunity to buy in some bargain stock at a rock bottom price value...

I grab Sino-Env on Sept 15 at $0.82 &

hit it !

again after careful mathematic calculation, I decide to pick Parkway Holding on Sept 19 at $1.57 & i hit it ! Cheers

I always believe the stock's trade summary on that trading day play an important role of when to buy the stock at the lowest possible price.

Of course experience do count. This is my trade secret, he..he..

At the moment, I have no comments on market outlook in the coming week. Perhaps i prefer to wait & see when the RSI & CCI for STI index is going to hit above their mid level on chart !

Have a beautiful Sunday tomorow !

STI - Harami Cross

STI has been down since May 20. Before that, it had performed a 2 months up turn from Mar 20 this year. On last Friday the closing had formed a Harami Cross (2570.67). As seen from the chart, both the RSI & CCI had indicated a bullish divergence. Hope STI is able to turn upside next week despite of many bad news from USA... Cheers