All in a day's work

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