Stock Breakout

Tuesday, November 16, 2010

Stock Monitor: Goodpk & RMG

Market is in turmoil, best is stay out.

I am looking at loading Goodpk come thursday

Only Goodpk and RMG uptrend is intact

GoodPack

RMG

Thursday, November 4, 2010

FR
could be another IndoAgri in the making, broke all time high of 1.34 yesterday.

OP
Bottom fishing kind broke 1.61 yesterday

SGX
Time to catch up with the likes of KC & KL?

Laggard Blues->CapLand & DBS

Moving up another level in trading

Level 1: Learning to set cut loss point for every trade & be discipline to follow it.
Level 2: Learning to identify breakouts and trade consistently. Cut loss fast and let profit run.
Level 3: Go for maximum kill.
Three instances from trades yesterday.

Genting - Not OK
Was trading at 2.26(5000 lots) vs 2.27 (10000 lots). If your follow breakout rules, have to take after 2.27 has broke but broker told me to feel the market and preempt it to take at 2.27. True enough, it broke and has to take 2.27-2.28.
NOL - Not OK
Bought 2.23 at the same day and was planning to exit at 2.29. It was trading at 2.29(1000 lots) vs 2.30 (3000 lots). Broker told me to queue at 2.30 but I sold 2.29. True enough, it broker 2.30. I was rebuked for making the mistake. Go for the maximum kill.
SGX - OK
This time round, it was trading at 8.99(100 lots) vs 9.00(400 lots). 9.00 is a breakout point. I preempt it and took 2 lots at 9.00. After that it broke and closed at 9.14. Feel the market.

Key to Success

I was pondering one morning while drinking teh when a thought come to my mind.

Why pamper myself with car and house? Car is a waste of money!!

I came to an conclusion it is an ingredient to more success and attracting money to you.

The key to success if to have a rich & healthy mindset. To maintain a healthy mindset, you have to be confident or yourself and think differently from most people. Its not how rich you are that matters, its how rich your mindset is that will determine how much $$ comes to you.

Thus spending money to pamper yourself is part of parcel of the process of healthy mindset maintenance. Now, I begin to understand what Pastor Kong has being teaching us a few years back. The key to success is to change the way you think.