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