All in a day's work

YangZiJiang







Nothing much to comment on this counter as I've already posted what I wanted to say on it. Come Jan, this counter is going to be an index stock. I'm holding till it rot!! haha! I think*

Anyway, Gap up has been supported and this is a relief. Hopefully, yes being hopeful is not encouraged but I cannot help it, it can close well on 31st with some last min window dressing by the BB or ANYONE!!!! ha!

Can some1 please tell me who do go around looking for target prices by major funds institutions? I don't seem to find the latest target prices. Just curious after reading some post on sharejunction.com on this counter.

If all else holds, I'm looking at the resistance of 2.18, double bottom formation if break, sell if rebound off it. See how......

LC Dev





Latest pick.

Gap up sustained. Tested but sustained. With resistance still at .415, which from what I observed, received heavy selling... Nevertheless, the volume was low so it's okay!

Let's see what happends on 31st.

Weekly Chart:

I've decided to post a weekly chart for both index as I thought that it's worth a look as a very distinct support line has been created in Dec 07 at about 13,332. From the sticks, the following week will make or break this support line, come next year. It's worth keeping watch.

Yet again, as with all index, volume is pathetically low. BB's are out!

Daily Chart:







From the daily chart, DJ since leaving it's latest trend has been trending sideways and now, it has created a resistance at about 13566. Howver it is still trading within it's trend, resting on support now. Will it break or not, I'm not sure but the volume is indeed low.

Somehow, there is also a trading support create within these few days, breaking the resistance but ended up closing on the resistance line. It has been proven itself stubborn of late and this, imo, showed that aspect again.

While going through the chart on STI to check the week's performance, something caught my attention. I have a question.

Daily Chart:

With a pretty encouraging sign for the counters in my portfolio, whether will it be better depends on Uncle DJ.

Hopefully, there would not be any surprises tonight.

While over the weekend, I was browsing through some counters looking to vest my $ in this Year End. Not that this is a good period to enter the market exactly but I was just looking for some signs whereby my $ might be put to good use. Not forgetting the fact that volume MIGHT be low this week but heck, this counter has been on my "known counter list" since I started learning TA.

LC Dev





I missed out on this counter long long ago, back in Jun this year, i think.

Anyway the reason why this counter caught my attention was it's bottoming sign as supported at .35 since gap down and on the last active trading day, this gap down was closed with comparatively good volume. If this counter open gap up, I might be tempted to enter this trade and ride on it's momentum if it still stays on the Top Vol list.

Technical indicators are showing starting signs of reversals, although I seldom use them to decide on buys but just for references.

Another thing to note is that this counter is nearing it's recent trend's gap down resistance. This might be of some importance if it breaks this resistance, as a double bottom is formed. Anyway, the resistance of .415 has to be broken first.

Let see how this goes.

Finally, the target I set myself 1000 visitors for month of Decemeber. It broke that mark! Yeah!

But sadly, not a lot of people left their comments or thoughts. I don't mind friends, so don;t be shy to leave a comment or thoughts.

I'll carry on to share my thoughts and in the process, I hope that you will also leave me your thoughts/ comments!!

As of Monday, there's a slight change in the trading system in SGX.

See Picture. I guesed it's self explainatory.

Boys and Girls, Hello! It's good news last night for DJI, being up 1.55% (205 points).

As of my analysis/view, that is a good sign.

1. For people who think little of TA, do take a look at my black lines, marking out some obvious trends of the index. These lines are the resistance lines of the index at that point in time. When broken, there is a possibility of it being a white candle before showing weakness again.

2. Last night's closing marked a break in resistance of the latest trend and a resistance since Oct 07. It might spark off another rally, although the length of rally is unknown. The resistance as I see is around 13,735 points. Break that and it's good news. Failure to break means get out of market again when weakness shows as seen from the previous sticks.

3. Note that with the green closing, DJI tested it's 50 and 100MA respectively. Good thing is that it did not rebound off drastically instead it closed well with a very encouraging volume. My view would be that DJI might be on it's way to test the resistance this year end.

Did I missed out anthing? Let me drop drop me your comments!

With reference to my previous posting on the Index hitting it's latest resisitance and the gap up sustained. Looks this it's possible that in the few trading days we maybe testing the red line that I've drawn.

If it breaks convincingly, then we have some show else... it's back the sqaure one... up and down in short term trends.

Do read my previous postings!!!!

Mr Sheep is up again. This time round the white candle looks promising, from TA alone. FA wise, with it's new contact coming up I guess that would spark off another crazy buy call. Anyway, the reason why I'm posting so much on Mr Sheep is because I'm vested in it. =D

From the chart, the latest stick has broken some resistance. I would not say it's convincingly broken but at least it broke which it good. Another nice point to observe from this counter is it's support price. It's very strong huh!

Lastly, do i see a double bottom forming or are my eyes blurred. Do advise =)

**Let's see how this festive break affects the market.

There's someone whom I do not know but seem to know my msn contact for years message me saying that I am another jobless freak. To clarify that misunderstanding, I'm indeed jobless now but not another jobless bum. Thanks.

Alright for today's review. Nice Closing on the chart. A sign of reversal perhaps for a gap up tomorrow to start things going.

Notice the Gap down on the index and how it close slightly above yesterday's closing. If my lines are accurate, there should be a gap up tomorrow and it has to sustain, meaning a white candle, else the reversal is not happening.

Notice also the high volume compared to the previous days. Not a bad sign afterall.

My view on STI tomorrow would be a gap up tomorrow and sustained with the red line proving resistance.

LP ah LP. Why did you pick this counter to do a full analysis on? What should I write here?

Resistance line and support line pretty obvious with .295 as a very strong support. For buyers don't buy unless it hits .295 else u're in the middle of nowhere. Not encouraged in times like this.
But then again, buy also not much meat, so don't buy.

Acutally, it's quite sad for this counter, since emergence as of my chart due to limited infomation, it has yet to break .45.

Nothing else, i think*

Hi Calvin, sorry about this late posting.

Generally, I'm not really into such low priced stocks cause my heart cannot take the voltility.

For a time like this, I would not think that it is really necessary to know how in detail the counter is moving, just look at the major support level would be good enough cause rallies don't last long due to lots of profit taking and such as seen from my previous posts.

Point 1:

Simply put, this counter is nearing it's support line which was started Jan 07. With such disgusting volume, I do not really see the chance of a major uptrend coming soon and with the current market conditions, it is likely to drop to that support like or thereabouts.

Point 2:

Also, I tried doing fibbo retracement on this chart and @ .43, the price will hit fibbo's 23.6%, another sign of resistance, perhaps ?

Point 3:

Another line of note would be the resistance line. Not much to talk about now but just for your info.

This is my analysis of AsiaEntp and I would like to hear some comments if I'd not done well in my analysis! It's a learning process afterall!

Hello, everyone! This is a very clear chart in a way for support and resistance price, simply.

Note the different coloured circles and their relationship with the price of around $1.90

Support - Resistance - Support

Another point to note on the last 3 circles is how each of them started thrie own trend.

Yellow Circle: Downtrending till it broke out from it's downtrend.
Green Circle: Side Trending till it broke out of the normal trading zone, albeit the short time period.
Blue Circle: Yet to confirm breakout but rested on support of $1.90 which is important. Might be a doji tomorrow either that testing the tweezer price $1.86, shouldn't be lower that that.

Was spending my entire day sending out resumes and looking for the job that I am interested in, Hoping getting some hands-on on Full Sets of Accounts or Audit/Finance.. Well, now I know that there are actually stages to "reach" in order to get what I what.

Sucks. Anyone of you has lobangs available, I wouldn't mind knowing more.

First post on stocks will be done tonight. Stay tuned.. .. . .. .

This blog is coming back to life!

Got myself a new laptop in this tough times, well something which I did not want to do but not given much of a choice when my 5 year old desktop broke down. So well... might as well....

TO ALL MY FANS OUT THERE!! ha! do keep coming back and keep this blog actively sharing with me your views! It'd be nice! Let's learn together ONCE MORE!!

Although out of the market, I'll post some of my views in the nxt few posts, well lessons learnt.
In the meantime, I've redesigned my trading strategy and I'll share with you people when 'm done ok! Comment please!

Till the next post! WELCOME ME!!!!! =D

I'm without a computer at home now.

Returned my friend his monitor and now I've got a CPU sitting @ home w/o a monitor. This explains my "MIA". But from what I see, my previous posts still's valid. Still trying to break tt 100MA mark?

Another thing to note: My exams starts tomorrow and ends on the 11/12 of which, during this period, I'd definitely be very inactive here, add to the fact that I do not have a monitor at home.

Cheers~~

I'll be back on 12/12/07 again on regular basis. Meanwhile, be careful =))

Once again, I triend my Fibbo again. Hopefully it's right =)

Crucial points to note:

1. Anyway, the index broke out of it downtrend on Monday and sustained.
2. Breaking the Fibbo and 200MA @ around 3420.
3. MACD, RSI and ACCDis all showed good signs
4. 4 out of 5 days, price sustained it's opening and closed well.
5. Very IMPRESSIVE volume on friday.
6. Point to break 61.8% and 100MA @ around 3550. Time frame of this break should be by Tuesday or even Monday if market sentiments are carried forward to next week else....

all the above analysis will be trash ....

Any comments?

Calvin,

I don't seem to find Asia Holding or am i wrong. If you're referring to the IPO as above, ASIATIC GROUP HOLDINGS, 'm not really a fan of IPOs as there's little history to the price movements and also the market sentiments are not very bullish now.

Remeber the times, a few months back, whenever IPO are listed, they almost 90% soar from their placement price. At the current situation, it's not very bullish so..... i'll rather avoid.

Perhaps, Maybe, in a long run this is gonna be a very "power" stock but at the moment, it don't seem to even break that 0.18 mark.

Another thing to note on such penny stocks are the very high % returns and gains due to the large number of lots you might be holding on it.

ie: Since it's so cheap @ 0.17, 1 lot only cost $170. If price falls toe 0.16, that's close to a 6% loss.

Just my view. And again, if you think otherwise, let me know =)

Still learning on TA as an indicator of market movement. However, spotted something interesting in e chart of STI.

1. Resistance turned support line since 2005 has yet been breached.

2. However, @ 50% retracement, is a good support line, only broken during the Aug period reaching 61.8% retracement. Another point to note here is that this line has been rebounded off 5 times. Technical Reobund perhaps ?

3. Despite this sign of rebound, it is not confirmed that the worse is over. We need more confirmation. ie: The hige volume as on Aug and some definite signs from Uncle DJ.

Dun be lured by such temporary rally. Be careful.

From Wikipedia: "Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.".In its purest form, technical analysis considers only the actual price behavior of the market or instrument, based on the premise that price reflects all relevant factors before an investor becomes aware of them through other channels."

I was talking to a friend recently who told me that candlesticks do not work. Reason being he ignored the financial and fundamental issues but depends wholly and only on TA, just the fat, short, black and white sticks with tails @ the top and end.

. To state my point, TA is but an indicator or a tool for analysis on counters. We must nore forget that markets are all INTER-DEPENDENT.

eg: DJ drop, SG may drop as we "look" up to them. HSI rebound heavily, STI may not rebound as much. It's all dependant on how much we "look" up to the investors in the bigger market. How can an island of about 4-5m population stand against the WALL Street or HSI, not forgetting China. We are just small frys in a way so.... do be careful when you trade. Look around. Don't get your funds locked down.

TA is afterall but one of the tool for analysis.

This correction is really long, in fact I think it's much longer than what a lot of people expected.

Sadly CES did not manage to sustain it's 200MA and went below it. Wasted. But what to do what the market sentiments is now so...... choppy, One day up One day down.

Well, I've read articles and comments that Fundamentally CES is good. Not that fundamentals are not important but in a time like this, it's the market sentiments that actually moves the stock. Who really bothers about TP in a bear market. The main concern is that the TP don't drop. Take counters like YZJ, TP of like what... $3+ in 12 months? It's dropping like bombshells @ e moment, but of course, for very long term investors they can still buy but 'm sure having a little more patient wun hurt!

Why throw $ into something that's falling? Averaging the cost of purchase! If you think it through, if it goes even furthur down, you're actually throwing $, and further losing more! And when the price drops to like $1.86, buy more? So saying you bought 3 times 5 lots each @ $2.09, $1.95, $1.86 having the mentality of averaging down, Let see... basic Maths

($2.09-$1.86)*5 = $1,150 -- Lost if held on since $2.09
($2.09-$1.86)*5 + (1.95-$1.86)*5 = $1,600 -- Lost if Averging is done.

True, if it goes up you earn! But is the risk worth taking? Simply put, profits come in when price rebound. Let's say again, it rebound upwards to $1.96 from $1.86, doesn't this offsets the loss of the 2nd buy? Did you @ e end of the day then, profit?

Ladies and Gentlemen!

I think I might have found a gem for long. Introducing ChipEngSeng!!

Was "taught" how to derive 200EMA and decided to take a look at some counters!

1. Note the 4 Red down arrows.

All these days tested this line of resistance, dated back Nov 06, that's a good 1 YEAR AGO! Alright... It broke but then now it's testing it again.

Will it like before break this resistance and rise another $0.50? That's 10% in a month. I'm taking a rough estimate.

2. Let's welcome 200EMA!

Note the green line. It broke this 200EMA a few days back but now it is resting on it ago and based on historical records till date, it has only broken this trendline twice, considering the last broke a few days back.

3. Note the 2 Green Up arrows

Granted it broke the 200EMA, however it also tested the price of .575 the "mini" gap-up price set on 21st May. Good news is, it did not close below it.

Well Let's see if 'm right in a couple of days, maybe 2 months! =)

Well, could Friday's closing on DJ and STI be a sign of reversal?

Tested around 3400 on Friday but closing on resistance of the Aug period @ 3438, almost a doji. If I'm not wrong there is a name for this kinda formation, a hammer, albeit the long tail at top, right wrong??

But well... it's only possible but as usual, dun dive into the market observe it!!

Was pointed to the fact that it rebounded off it's 200MA but then again, DJ's closing was strong from 4pm to 5pm. BB buying up, so that Monday might look better ?? It's hard to tell depends on Monday.

No rush, the market will last longer than you! -- Prof Guang!

Ohhhhh Mannnnnnn

Nice time for a good correction/recession huh! Exam period..

Seriously, looking at this chart of STI, things are not looking rosy.. at least for tomorrow.

Notice:

1. Gap downs on 3 days

2/11/07
9/11/07
12/11/07

2. Botak Black top on 12/11/07

This definitely shows some pessimistic sentiments in the market at the moment. Not even a short tail to "try" to push the index up. Tsk tsk tsk...

3. Next price to break. 3500.

Actually the price range of 3483-3529 is a range to break. Today, as of time of post, is in this region. Let's see what happens tomorrow.

If break, woohooo, Remember the August correction? This will be much worst! Considering it dropped from a higher point compared to July's peak.

Big Money Question: Will 3400's resistance even be tested ? Let's observe!

** In the mean time, back to books! Exams are round the corner.

Hong ah Hong!!! What happened!!

Alright there were signs of a selldown.

1. Gap down.
2. Price never recovered

**Know when to exit if you're doing short term trading. Notice the signs.

HOWEVER, do note last closing, BOTAK!!!!
Once again, testing the resistance. Could be another run. Who knows!!

Ok. Cut simple story short.

I entered and exited for quick $ in fear of Uncle DJ not doing well on friday, another sea of red but well...... arghhhhhhh it closed flat. =.= If only, it'd been worse!!

Ok same this. Observe the b/os here.

1. B/O 1: Resistance since long ago.
2. B/O 2: From normal uptrend.

Gap down on 2nd day was simply ignored and it just went up to close a bit higher than prior day's high. Strong formation given a bad day.

Alright.... this counter is heavy. But I dun understand the link here. =)

Observe! This counter might be on another good run again!!!

China XLX. Was once in my radar but I totally forgotten about it until my friend reminded me to take another look at it.

From the chart, I've drawn out 2 important prices. the region between 1.14 and 1.21.

1. Circled. The number of times 1.14 had been tested since price broke and how it became the support last week.

2. "Doji" seems like a reversal in at play with the price testing 1.21 which i feel is one resistant level.

3. The line, could in a way, I feel signify that a reversal is comfirmed..

I think this can be a good counter to consider if it opens with a gap up and if highly traded.

This is the second analysis on China Hong.

Interestingly, as analysed the price rose the next day from it's previous breakout as you can see from this *new chart.

Now a deeper analysis as this chart seem to be heading to a whole new unexplored price range.

1. Notice the resistance since Apr 07 till now, it has only been broken on Friday, although slightly but it's a break of a major resistane nevertheless.

2. It broke a recent price top @ 1.24

3. Amongst the 4 times it tested the resistance line, 3 /4 of the RSI indicated >70% with the last one almost clearing the mark. So what about this time round since it has yet to reach the Overbought liene and just tested the resistance. What's the potential?

4. Signal of Trend Reversal highlighted in very light Yellow with 4 days of consecutive rally since "Black Monday". Will the rally continue?

These are some factors to consider for this counter. Open to comments and views!

Who says analysis has to be complex. In many ways it can be simple depending on how you look at it. In this chart, it's seems pretty simple.

Notice how it nicely breakout at 1.26 when the price tested 1.32.

Igore the latter price. @ 1.26 the market has already decided that the price of this counter is worth 1.26 @ closing, notice the very high volume. About 2x more than the normal trading zone.

As discussed with my friend, if this counter were to appear on the top volume list on friday, it's a good buy provided that the signs in the morning is bullish and well.. we're not that wrong, are we?

Week 3
1/10/2007 – 5/10/2007

Still a long way to learning the art of charting…

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1. Do a complete analysis of a particular counter in your shortlist.

I bought in HLG w/o doing a complete analysis. Well, not that I actually missed but I did not pay attention to the “actual” resistance and bought it at a “bad” price. Nevertheless, decided to hold on to this counter although this might cause me some opportunity cost but no rush, right?

Opinions of fellow chartists can definitely help you learn charting faster as they apply what they know “practically” not just “theoretically”.

The market’s always there.

2. Be confident with your analysis

Well, DON’T buy unless you are confident of your stock. Don’t buy and worry!

Even though the price always work 2 ways, Up and Down. You got 50% chance of getting it right! HAHA! ß This is rubbish. No such thing as 50% chance.

Know when to cut your losses and be confident after your analysis.
Stress and emotions can always affect the price that you want to let go. Once it hit you stop loss price, let go and say “bye-bye” to it, even though it may rise later. Move on….

The market’s always there.

3. Talk, Talk and Talk about it

It’s not easy to know everything from a single source. But it’s definitely possible to learn from others and that’s definitely faster than reading the whole library.
Of course, you won’t always hear what you want to hear but be open to opinions and re-analyze their opinions yourself.

So…. TALK TO ME!!!

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Let’s see how this coming week goes……………….



Afterall, STI

1. Supported at 3736 points

2. Peaked 3852 points “Intra-day”

3. IMO. Resistance at 3828 points

This caught my attention. The volume for IPOs! WooHOooooo. Is that not like a gamble?

Not too bad! Might b worth a look!

Week 2
24/9/07– 28/9/07

Second week into trading has made me clear of my approach in the market. Emotion Control and objectivity. Once again, there are lessons learnt and well, as compared to last week, I wouldn’t say that these are less important, so read on….

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1. Plan your purchase and quantity.

With a credit limit set at 10,000, there are only so limited stocks that you can buy. Take my ChinaKangda, (CK), trade for example.

At that time of purchase, I had another pending order and that effectively, limits my purchase for CK. In the end, I’ve gotten only X lots, a few lots lesser than what I intended to buy. When I’ve withdrawn my other order, I realized that I’d need to pay another charge if I were to get and I wasn’t willing. So in the end, I stayed with X lots.

Well, looking back, I should have spent that commission charge! Anyway, the point here is, do your calculations properly.

2. Review your portfolio often

Once again, with the fact that I’ve got a limit of 10,000, it’s normal that I have to give up a few positions to get another position, which can give me possible higher returns. Take CSC for example.

A construction stock that has been performing, well… Stably. It would not hurt to hold on to it when your have X lots at it and liquidate it at a later date, since I’ve bought it at .33, a relatively safe entry point, imo. But YangZiJiang (YZJ) came into the picture and I had to let CSC go, albeit with a lesser profit, for YZJ.

Sometimes, there’s only so much we can do.

3. Read more.

There are easily about 500 stocks that you can buy, available in SGX. Is it possible to monitor all 500 stocks or is it more realistic to read/know what people are looking at and from the named stocks, make you own analysis and then decide.

Trading, if played alone, is boring. Views and comments are definitely worth listening to. Be flexible in your view after all, the market never always moves in YOUR direction. No one is always right.

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Well, all these lessons learnt are meant for sharing. It’s not good to make mistakes in the market but well, have these lessons in mind if you were to trade.

Stock picking should not be treated as a gamble and I'm no guru...

Week #3 ….

Din not post for last week due to a pretty busy weekend. Anyway, as stated previously, I've acquired YangZiJiang @ 2.06. Not the best of buy but as imo, 1.93 could haf been a better entry point but since it hit 2.06 with high volume, my guess is that the formation is complete and it's time to follow another trend.

Well, looks like chart formation works again.

I think I should post this to explain the reson for purchase to share. Maybe it's right, maybe it's wrong afterall, like how people put it, "Chart reading is an art".

Note:

1. The formation on the chart.
2. The Gap
3. The volume.
4. The MA.

All thanks to Guang who introduced this stock. 1 plate of Chicken Rice for you.

Firstly there's this worry about STI breaking it's resistance and then ..... wooohooo! See Chart!

There's a lot of worry on the market crashing but if you take a look at how global indices moved, it's actually a relief that markets are no longer so dependent on the US market anymore. In fact, I've read on how much the Asia itself is growing, typically in China and India. Their export rates and bla bla... So probably, until both markets, US and China crash else, we'd be considered in danger? Well all these are still just theories, it has yet been tested.

Sooooo in the meantime, "shop" while you still can!

More analysis and lessons learnt in week #2 coming up. It's quite an exhaustive list, really.

Entered ChinaKangda @ .415 today decided to get it after my analysis. Not bad, showing potential =) This is I'm gonna ride the trend if there's any to begin with, lesson learnt from last week.

Entered CSC @ .33. Arghhh.... not a very intelligent buy. But time will tell. It's probable that I'll unload this to get more ChinaKangda but well, we'll see as the market progress this week.

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Lesson learnt today. When there's nothing to buy, DUN ANYHOW BUY!! Like my CSC. Haha! Bought it when it showed little signs of uptrend except "touching the resistance level".

Well read in Smart Investor magazine today regarding rising price with lowering volume, flags and bla bla bla... TA is just so wide. When can I actually know more and actually analyze like how the pros does. This gonna take time.

Adopting a long position till ............. things change again

Well, after spending some time running through the exhaustive list of information and choices available. These are my picks for the week. To avoid "cheating", I'll post this up early else it's probable that I show only the rising picks. =)

Let's see how these fare this week and beyond.

Although TA has all-so-many aspects to analysis and deduction, I've decided to post comments at the simplest way possible.

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Week 2.
Analysis for Monday 24/09/2007


LC Dev

Good RSI. “Room to buy”. MA has been good, uptrend. Support formed over the week @ .435. Breaks resistance @ .475. Over last 4 months, volume at least average 11 million. Awaiting breakout.

ChinaKangda

Possible “Double Bottom” formed. RSI though relatively high but acceptable. “Interesting” high volume in a single day. Awaiting confirmation of formation.

Rotatory

Positive volume last few days. Awaiting possible breakout @1.44. Despite positive volume, RSI is still healthy, <70%. Awaiting breakout.

CSC

Resistance at .33, support at .315. MA hasn’t been positive, “crab” However, healthy RSI. Awaiting breakout.

Lian Beng

“Cup filled” with good volume. Support-Resistance-Support @ .42. Broke a ~2mths trading zone in good volume @ .46. Possible start of 20d MA > 50d MA. Healthy RSI.

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Well, I've started this blog after the closing of my first week. So I don't think I'd post in what is going through my mind when I select the stocks the last week and so.. there goes. My reflection for the week.

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Week 1
17/9/07– 21/9/7

Trading this week, my first of which I’d actually sat in front of the computer to do my analysis has been in a way, fruitful. Despite incurring a loss of about $212.01, I’ve picked up a few lessons.


1. Always do sufficient analysis and reading up of the company.

Take CWT for example, I’ve done good research on it in terms of chart plotting and analysis and it occurred that the purchase has brought forth fruits, rising from 1.12 to 1.19 at which I sold. That’s a gain of 0.07/share. Definitely nothing to be proud, as I’ve ignored the knowledge to follow the trend as it hit a high of 1.24 in the week. I’ve learnt to be patient and ride the tide.

2. Do not get carried away by emotions

Take Alantac for example. I’ve noticed on the previous day of purchased that his stock has been heavily speculated and intended to buy part of it at a low. However, when the market opened at 9am, it was +0.03 which made it 0.405 from a previous day close of 0.375. Sensing that the speculation would continue from 0.405 since it started from that went wrong. I hastily bid 8 lots at 0.4 at 9:10am, thinking that it would be a good entry point. But alas, it was downhill from there and I was at negative for the next 2 days.

Another reason that made me rush into the purchase is that DOW broke its resistance with high volume, sparkling a possible “bull day”, but instead STI dipped a little that day.

I should have cut my losses at .385 but I persisted and in the end, I sold it off at .37. Additional loss of $120! Oh, the importance of cutting loss at 4%.

I’ve decided to sell this stock the night before and posted the sale order at night at .37 before the market opens as I’ve noticed that DOW dipped a little and with the fear that STI might follow suit. If so, Alantac might not hold at .37, thus the sale order. But I was wrong as Alantac closed at .385 the next day and I actually had about 7 hours to sell, why the rush when I’ve yet to see the market yet? Probably another lesson learnt.

3. New stocks with little/no history. IPOs

I bought 16 lots of Wan Xing and 0.38 while the market price is moving around .38-.395. I was looking at a quick profit and from the chart, it seem as though there is a high probability that it could have broken resistance leading to the decision to buy. It was a decision that took little thought and analysis as once again, emotions took over.

In the end, I was proven wrong again. There is no breaking of resistance level and ah ha, I lost to the market once again. Reason to sell is the same as Alantac.

4. Time your purchases and monitor the Top 30 volume

This time round, I did not get to enter the market with IndoAgri. This stock caught my attention a little too late near closing time when I actually went to do an analysis on the chart. The trading point has already broken its resistance-turned-support level at $1.09 since the dip from July-Aug period.

If I’d spotted this movement earlier, I would have entered the market at probably $1.10. It closed at $1.17.


Well, this week is over. Next week would be better! I’ve learnt some precious lessons and I guess this is the start before I get better at the art of trading. A loss of $212 should not pull me down! Just remember and be a better trader!

Over and out!

Guys, trust me on this.

I've really thought long and hard before I've decided to come up with this blog. Not as though one blog is not enough, but I'd like to post my trading experience online. To share with you people how it feels like to trade.

Let's see how this blog would turn out.

Please.. selected stocks are only for your references only. I do not undertake any reponsibility in your losses.