I am looking at loading Goodpk come thursday
Only Goodpk and RMG uptrend is intact
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| GoodPack |
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| RMG |
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
I am looking at loading Goodpk come thursday
Only Goodpk and RMG uptrend is intact
Thursday, November 4, 2010
FR, SGX, Orchard Parade
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
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.
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 $$ comes to you.
Thus spending money to pamper yourself is part of parcel of the process of healthy mindset maintenance. Now, I begin to understand what Pastor Kong has being teaching us a few years back. The key to success is to change the way you think.
Why pamper myself with car and house? Car is a waste of money!!
I came to an conclusion it is an ingredient to more success and attracting money to you.
The key to success if to have a rich & healthy mindset. To maintain a healthy mindset, you have to be confident or yourself and think differently from most people. Its not how rich you are that matters, its how rich your mindset is that will determine how much $$ 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.
Friday, October 22, 2010
Wednesday, October 20, 2010
Stock Monitor: Capland, Osim, Goodpk
Capland 4.16 double top breakout
Osim 1.10 breakup
Goodpk 2.02 breakup
Osim 1.10 breakup
Goodpk 2.02 breakup
Friday, October 15, 2010
Tuesday, October 12, 2010
TRADING RULES
After much pain and trying, I am going to be consistent and follow these rules:
1) I must never think market is EASY. In fact is the MOST DIFFICULT place to make money. Most people lose $$.
2) Patience is the key. Only take a trade if reward is good. For instance
a) Non rewarding : Gent breaks 2.08 but resistance at 2.12.
b) Rewarding: CSE breaks 1.11, resistance at 1.20-1.22
3) Cut Loss at most 3 ticks from break price.
4) Play breakout and let profit runs.
5) Do not underestimate the market and don't limit a stock rise. For instance Indo break 2.45 even at 7.4% is a take.
6) Identify stocks that can be kept and for contra.
a) CDL, RMG, THOMSON for keeping
b) INDO, SOUND for contra
1) I must never think market is EASY. In fact is the MOST DIFFICULT place to make money. Most people lose $$.
2) Patience is the key. Only take a trade if reward is good. For instance
a) Non rewarding : Gent breaks 2.08 but resistance at 2.12.
b) Rewarding: CSE breaks 1.11, resistance at 1.20-1.22
3) Cut Loss at most 3 ticks from break price.
4) Play breakout and let profit runs.
5) Do not underestimate the market and don't limit a stock rise. For instance Indo break 2.45 even at 7.4% is a take.
6) Identify stocks that can be kept and for contra.
a) CDL, RMG, THOMSON for keeping
b) INDO, SOUND for contra
Sunday, October 10, 2010
CPF Rules 2010
CPF Minimum Sum
The Ministry of Manpower announced in August 2003 that the MS will be raised gradually to reach $120,000 (in 2003 dollars) in 2013. The increase in MS, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. In line with this policy, from 1 July 2010, the prevailing CPF Minimum Sum (MS) will be revised to $123,000, up from $117,000. Members who can set aside the full MS will receive about $1,100 per month when they reach their draw down age1. The new MS will apply to CPF members who turn 55 from 1 July 2010 to 30 June 2011.
Medisave Minimum Sum and Medisave Contribution Ceiling
The Medisave Minimum Sum (MMS) will be raised to $34,500 from $32,000.
Members will be able to withdraw their Medisave savings in excess of the MMS at or after 55 years old.
The maximum balance a member may have in his Medisave Account, known as the Medisave Contribution Ceiling (MCC), is fixed at $5,000 above MMS and this would be increased correspondingly to $39,500, from $37,000.
As announced previously,any Medisave contribution in excess of the prevailing MCC will be transferred to the member’s Special Account if he is below age 55 or to his Retirement Account if he is above age 55 and has a MS shortfall.
CPF Changes
To help Singaporeans save more for their medical and retirement needs, the Government will increase the employer CPF contribution rate by 1%. The increase will be done gradually in two steps to moderate the impact on employers. The first 0.5% increase will be implemented on 1 September 2010, and will be made into the Medisave Account (MA). The remaining 0.5% increase will be effected 6 months later on 1 March 2011, and will be made to the Special Account (SA).
CPF Contribution
Self Help Calculator http://www.cpf.gov.sg/cpf_info/Online/Contri.asp?prof=
The Ministry of Manpower announced in August 2003 that the MS will be raised gradually to reach $120,000 (in 2003 dollars) in 2013. The increase in MS, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. In line with this policy, from 1 July 2010, the prevailing CPF Minimum Sum (MS) will be revised to $123,000, up from $117,000. Members who can set aside the full MS will receive about $1,100 per month when they reach their draw down age1. The new MS will apply to CPF members who turn 55 from 1 July 2010 to 30 June 2011.
Medisave Minimum Sum and Medisave Contribution Ceiling
The Medisave Minimum Sum (MMS) will be raised to $34,500 from $32,000.
Members will be able to withdraw their Medisave savings in excess of the MMS at or after 55 years old.
The maximum balance a member may have in his Medisave Account, known as the Medisave Contribution Ceiling (MCC), is fixed at $5,000 above MMS and this would be increased correspondingly to $39,500, from $37,000.
As announced previously,any Medisave contribution in excess of the prevailing MCC will be transferred to the member’s Special Account if he is below age 55 or to his Retirement Account if he is above age 55 and has a MS shortfall.
CPF Changes
To help Singaporeans save more for their medical and retirement needs, the Government will increase the employer CPF contribution rate by 1%. The increase will be done gradually in two steps to moderate the impact on employers. The first 0.5% increase will be implemented on 1 September 2010, and will be made into the Medisave Account (MA). The remaining 0.5% increase will be effected 6 months later on 1 March 2011, and will be made to the Special Account (SA).
CPF Contribution
Self Help Calculator http://www.cpf.gov.sg/cpf_info/Online/Contri.asp?prof=
Friday, October 1, 2010
Stock Monitor: Thomson Medical, Genting HK, Genting & Ezra
Reversal on hand. Watch Ezra 1.83 break level, Thomson 1.02, Genting Hk 0.465
Tuesday, September 21, 2010
Wednesday, September 15, 2010
Monday, September 13, 2010
Trades Review: Olam, Gent $US, Genting & SAR
The HIT
Olam : bgt 2.79 and sold 2.92 (breaking at 2.77)
Gent $US : bgt 0.465 and sold .490 (breaking 0.465)
the MISS (didnt go for it, should have - lesson learn)
Genting : break 1.86 close 1.99
SARb: break 2.17 close 2.29
Olam : bgt 2.79 and sold 2.92 (breaking at 2.77)
Gent $US : bgt 0.465 and sold .490 (breaking 0.465)
the MISS (didnt go for it, should have - lesson learn)
Genting : break 1.86 close 1.99
SARb: break 2.17 close 2.29
Friday, September 10, 2010
Lesson learn : Time to bend the rules
Last Friday, Gent was 180-181 can it was only a break at 183. So I wait for 183 to break on Monday to take action, it was too late. Sometimes, in the advanced stage, You have to feel the market and bend the rules occasionally. Learn to feel the market. When market and You becomes ONE, you will retire soon.
Monday, September 6, 2010
Lesson learn: Knowing when to sell
Last Friday, I have to choose between cutting Cosco or Goodpack. In the end, I cut Goodpack at 1.92 which I bought at 1.96, reason being it was a fake break at 1.95. I keep Cosco which I bgt at 1.63 - no reason to sell Cosco because 1.60 support still holds. Today, althought market surge, Goodpack end up 1.86 and Cosco 1.67 (I sold half of Cosco at 1.66). I am keeping the rest for more upside. Here are 2 contrasting chart.
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| Goodpack |
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| Cosco |
Friday, September 3, 2010
Lesson learn:What to do when DOW +200?
You should be sellers in the morning. Then ever be hero and go long.
Wednesday, September 1, 2010
Lesson learn: Don't look at small money
Yesterday I brought Gent back at 1.71 because it breaks 1.68. I sold half at 1.74 intending to sell the rest EOD simply to save commission. After pondering the words by my broker to overlook things like commission. He says I have no reason to sell the rest because the stock is at day high. I oblight and keep the rest. End of day, Gent closed 1.80.
Don't be particular about small money, it will prevent big money to come your way in trading.
Sold at 1.82 for the the other half of Gent. (Gent went to 183 and drop to 175 thereafter).
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