What seems to be cheap got cheaper...

Ok I have loaded up Raffles last friday based on a technique from Tycoon Report. Basically, it talk about using moving averages to determine your entry and that fundamentals solid company will tends to rebound quickly when they break the 200MA. Using this technique, a friend of mine manages to make quite some profits from some counters.

Without giving another thought, i make my entry into Raffles Education @ 1.91 as it break the 200MA line.

Last Friday Today

OK from the above chart, I concluded whatever I brought turns into claypot. LOL, jus another learning process.

The other similar chart will be Midas. Both company are fundamentally strong company that got some scandals lately that caused their prices to fall sharply. But I never expect them not to (hold/trade sideways) under 200 MA.

Well, from this, I learn

1) you never know if the bottom the real bottom.

2) that we should wait for confirmation in reversal trend then make the entry.

Market Correction Part 2

A Raining Saturaday, seeing the Dow Jones performance again. it went down by another 208.10... Whao, that will be quite an impact to the world indices again. I glad that I did not manage to get hold of the STI ETF 100 yesterday as I could get it at a cheaper price on Monday.

Everything in the stock market will be dirt cheap now. Singapore Economy Q2 is strong, i may see Jospeh cycle prediction coming true, where STI will mark its peak to 4300. If you have cash, i believe this is a good opportunity to make entry into the market already.

Market Correction

Ok, the market went down as expected due to Dow bad performance last night. Everything gaps down and some even delcine further. Today should be a great shooping day for all yet i am out of cash, thus I turn to my alternative option, to use my CPF.

the STI ETF looks to be a great buy today and I set to 34.5. Well, it didn't hit my buy price again. It only manage to hit 34.74 the lowest, 0.24 cents higher then my buy price... I change my buy price a few time till i finally settle at 35 which is also the 1st in queue at that price...There are no kind souls to sell me at that price... and at 4.55pm or so... some investor got impatient and brought 300 shares at 35.79 make it close nicely to formed I think the term is call hammer..

Well, waiting to get is alway sian... that's life, let hope monday I may have the chance to get it.

STI Status: Our STI is finding its support at 50DMA now, I expect a rebound from there.

Uncle down having bad temper!!!

Ok, things look pretty bad on the world economic leader, I think Uncle Dow will gave markets around the world a tight slap to lower all the heat that has been genearate over the past few months. I believe that will be a good time to pick out undervalued stocks which may need to held for quite a while for the market to recover.

Hehe seems like got opportunites for STI ETF 100 lor keke.

Emotions Part 2

Feeling depressed in trading lately, perhaps I held too much anxiety in reaping profits and overstressing myself to make those them. In the impatient state of mind, I have made serveral fallecies in trading, especially on contra trades...

I remembered Master Dec say that trading should be fun... I think I gave myself too much pressure and trading became unenjoyable....
I will not be trading in the near term, will be just watching the market and do more research on the stock market.

As for stocks I currently hold, I will be reverting to investor role and continue holding them till it hit my target price.

Current position:
Realised NET LOSS: Ard 2700

Will continue to blog on and test my methodolgy before I make my entry into the market for a round 2 fight!