You can't win all the times, infact you will lose alot of times. Always cut loss losers quickly and let winner runs. Bought Swiber at 1.07 some times back because it breaks 1.07 but it can't seems to cheong and range from 1.05-1.07, so decided to cut at 1.06 at due date. Although it is lose 100+, it keeps your mind off thinking about this loser when trading. Healthy Mental health and morale is very important. True enough, next day it went to 1.03.
Bought SoundGlobal at 0.79 because it breaks 0.78. Sold 0.820 the next morning. By the next day, it went 0.845. Gap fill thoery target is at 0.85. I should have hold winners longer because I already have buffer. The worst case scenario is don't win anything.
"Have patience with Winners and impatience with Losers"
Wednesday, August 4, 2010
Lesson learn : Capital gain over Dividend
2 Days back before Kepcorp XD it was at 9.4+. It was giving dividend of 0.16 cent per lot. The effective gap down should be 9.40 - 0.16 = 9.24. Yesterday after it XD, it ended 9.12.
Alway take capital gain over dividend paid out. Do not be greedy, infact 2 days before XD should have taken profit.
Bought $9.02 and sold $9.38. Never sold at 9.4+ is a regret. I have set myself a profit protection at 9.40. When $9.40 breaks, its a sell signal.
Alway take capital gain over dividend paid out. Do not be greedy, infact 2 days before XD should have taken profit.
Bought $9.02 and sold $9.38. Never sold at 9.4+ is a regret. I have set myself a profit protection at 9.40. When $9.40 breaks, its a sell signal.
Saturday, July 31, 2010
Stock Alert: Wingtai - A buy at 1.77
There are 4 reasons to buy WingTai.
1) T5 Theory
On 20/7, there is a huge abnormal volume. It cannot be retailers. It has to be BB. On 29/7 after T5, a white candle appear. After T5 any contra players would have exit. No heavy sell down is seen meaning BB is there to stay.
2) Bullflag
on 29/7, the selldown goes as low to 1.69. On 20/7 the flag pole goes from 1.64 to 1.75. This formation signififies a bullflag or high tight flag formation.
3) Green stock in Red Market on 30/7.
4) Breakout Theory
Breakout 1.76 and 1.80 on 30/7
1) T5 Theory
On 20/7, there is a huge abnormal volume. It cannot be retailers. It has to be BB. On 29/7 after T5, a white candle appear. After T5 any contra players would have exit. No heavy sell down is seen meaning BB is there to stay.
2) Bullflag
on 29/7, the selldown goes as low to 1.69. On 20/7 the flag pole goes from 1.64 to 1.75. This formation signififies a bullflag or high tight flag formation.
3) Green stock in Red Market on 30/7.
4) Breakout Theory
Breakout 1.76 and 1.80 on 30/7
Sunday, April 4, 2010
Monday, March 22, 2010
Friday, March 19, 2010
Property Article
Just met up with this businessman friend of mine who recently sold his condo. He said even himself is shocked with the private property market and worried about Sporeans future.
He told me he is convinced of the following:
1) The demand for private property is fueled by 2 things:
a) 6 million population target
b) The Rich riding on this target
He told me one of his agent's client owned 8 private properties!
Some are so rich to pay full cash with no downpayment, and many owned more than one properties.
Thus u can see recent measures have almost zero effect on these rich.
2) Govt has No intention to help Sporeans in general, judging from their lack of committed actions recently and last few years. Cos Govt itself wants to profit from this property boom and is profiting all the while.
He added that if Govt really want to control the market, there are many things they can do such as Higher tax/interest for 2nd and more properties, restricting foreign buyers etc.
Moreover, the fear for property market to drop if there is control is totally unwarranted, as they can have rebate or lower tax, charges etc for those bought at high last 3 years. (HDB owners ie)
3) He said if Govt dont control this property cost with enough commitment Fast enough, Spore future is doomed.
His prediction for Spore future: The rich owns all the properties to be rented out, and most sporeans can only afford 2- to 3-room flats.
He told me he is convinced of the following:
1) The demand for private property is fueled by 2 things:
a) 6 million population target
b) The Rich riding on this target
He told me one of his agent's client owned 8 private properties!
Some are so rich to pay full cash with no downpayment, and many owned more than one properties.
Thus u can see recent measures have almost zero effect on these rich.
2) Govt has No intention to help Sporeans in general, judging from their lack of committed actions recently and last few years. Cos Govt itself wants to profit from this property boom and is profiting all the while.
He added that if Govt really want to control the market, there are many things they can do such as Higher tax/interest for 2nd and more properties, restricting foreign buyers etc.
Moreover, the fear for property market to drop if there is control is totally unwarranted, as they can have rebate or lower tax, charges etc for those bought at high last 3 years. (HDB owners ie)
3) He said if Govt dont control this property cost with enough commitment Fast enough, Spore future is doomed.
His prediction for Spore future: The rich owns all the properties to be rented out, and most sporeans can only afford 2- to 3-room flats.
Thursday, March 18, 2010
Subscribe to:
Posts (Atom)