Dead whale walking

Yes.....guessed from the above you can summed up what were achieved this year.
For all the different forms of so-called investment from toto, 4D, stocks and forex.....goner! Maybe 4D was okay becoz I managed to wake up and realised that luck was on my side therefore I managed to slow it down to a crawl hehe.
So....this baby whale didn't managed to swim out to the open ocean but just managed to swim around the bay but still managed to get "screwed-up" by the many traps of life.
So....good-bye 2010.

Up-date

haha....June started very well for me but mid-way thru, run into self doubt and end-up "screw-up" esp for stocks. For forex not so bad....in the end I am still up but not up to my standard and expectation.

Now...july, the stock market suddenly wake up again. frankly no idea whether this is a dead cat or mouse bounce or the real thing. Still since it is up....my portfolio is looking better. Which is a good thing...esp to me.

Stock market up-date

For Yangzijiang...I managed to make about 7K but then the winning just cannot cover for the losses of SMIC.

Still lucky to be able to make some money lor....sighed!

Just don't want to think too much about the losses if not...then I will feel very depressed about the whole thing esp that I would have made some profits when it shot up to HKD1.02 on last Thursday...I turned greedy, very greedy!

Now I am paying the price for my greed lor!

Yangzijiang latest up-date

MEDIA RELEASE – FOR IMMEDIATE RELEASE

Yangzijiang aiming to enter the robust offshore sector

􀂃 Offered to acquire PPL Holdings by intending to take a 50.1% stake.

􀂃 Rest 45% and 4.9% in PPL Holdings would be taken up respectively by strategic partner, a Middle East investor and Yangzijiang’s Non-Executive Director, Mr Yu Kebing.

􀂃 Total consideration for PPL Holdings at US$155 million.

􀂃 Yangzijiang would place 83.555 million shares at S$1.295 per share to the Middle East investor to fund its proposed stake of 50.1% in PPL Holdings.

SINGAPORE – 17 April 2010 – Yangzijiang Shipbuilding (Holdings) Limited (“Yangzijiang” or “the Group” or “扬子江船业控股有限公司”), one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, on 15 April 2010 entered into a placement agreement with a Middle East investor ("Investor") in relation to the placement of 83,555,000 new ordinary shares in the capital of Yangzijiang at the issue price of S$1.295 per new share.

This week's stock up-date

Yes...this is also a shitty week for my stock trading thingy, losses upon losses!

Maybe it's time to "hang up" this thought of being a day or swing trader thingy and just stick to my day job.

The losses...I can do without and used the money for tours for the family or just keep it for raining days. Yes....can see the raining days coming soon! WFT!

weekend up-date

No luck for my 4D...sighed but anyway I have already toned down a lot which is good too.

Working OT on Sunday....half day only to cover for my counter-part. Also give me a chance to meet up with the "C" team optrs/leads so that to clear-up the rumor about me getting the pink slip.

Oh...btw, the latest report was that the plant will continue till at least Dec 2010.
So....I maybe still be around for sometime which is good too. No need to worry too soon about getting a job. Just want to stay positive as much as possible!

Stock Market - may want to down-size my holding for SMIC to a manageable level. Now just too much and too high a risk since it is like putting my eggs into one basket.
With so much happening around...that may not be a great idea esp with the markets looking "toppish" and almost everyone wanting to jump in without fear. This is a time for me to fear, not good to be greedy!

One thing I learn about LIFE.....always good idea to live and fight another day. And as long as one is healthy and have "capital" there will always be better opportunities down the road.

SMIC up-date

Noticed that whenever the HK index raised this stock would traded side way or with a downward bias. The greater the index points increased....the worst is for this stock.
Then....it "hit" me to realise that this stock is still consider a "penny stock" or
3rd-liner stock. And the present theme in HK is to play the top-liners which is reflected by the index raise. On Wed and Fri, the HK index shot-up by over 300+ points and on both days....this SMIC went "south" towards the close on smaller volume. But on Thu, when the index was down....this stock was quite steady and in fact closed up with good volume too.

I shall keep this observation for next week....esp this stock.

Market outlook for next week

Most likely to be a positive one both for SGX and HK since with the positive US Job Data on Friday. Which is also good for all markets...and myself haha.

With HK only opening for trading on coming Wed....I have 2 extra days to focus my attention to the market here. Lately I noticed some buying opportunities eg Biosensor and Oceanus for penny stocks and eg Swiber, SG Global and Midas for the $1+ ones.

I have about S$12K of free equities to play....so hopefully to make some extra $$$$ for the funding. As for Hengxin...looking like it may "rest" for awhile before running again. So...may be attempt to sell my holding.

Forex up-date

Understood from the group that Josh has "hit" the jackpot and is the big winner with the recent trades. He will be buying a treat for all come Tuesday...and I am very happy that I prediction of him being the "brightest spark" from the group was proven right!

Now....when I have the time then I can know who to look for to help me with the forex thingy. My aim is to win back my tuition fee and what I lost so far. That should be too much to ask if I go for $100 per pip since I have a few thousand in my forex account still with Onuda! I can also start funding my MFG forex account by transferring a few thousand from my CFD account or just bank-in the cash! No big deal to get it done...with 4 rest days next week.

Alamak...I have to plan to spend some time for my income tax filing hahaha, so fast already now in April. Last day for filing is 15th Apr...shit!

Trading up-date

Yeah..clear off Alibaba at the start of trade at HKD15.80 btw I bought it at HKD17.06 after it's 1st Qtr result. With good result...the stock still dropped almost daily, so today I finally decided "enough is enough". This was my 2nd try for the stock and both times....lose! So...twice bitten, I will never try the third time!

Now left with 2 stocks in my CFD account. Henderson Inv HK0097 and SMIC HK0981 - but only managed to make some money out of SMIC. In fact...SMIC is my core stock, meaning I had more than 1 mil for this one....for Henderson Inv, I have about 500 lots. SMIC added 3 cts while Henderson dropped 2 cts today...still managed to add
S$4+K to my GLV.

HK market will only re-open on Wed.

Wednesday up-date

Stock - had a super run on Tuesday and managed to recoup all the losses and in fact the fund's GLV was showing a profit for the 1st time of 3.8K but today....it was back to sq one. Again GLV was down by 14K by the close. WTF!!!!
The funny thing about investment is that when the market is down....almost all the shares on hand will drop accordingly, more or less. But in up market....sometimes not all will go up accordingly too. Today....all on hands dropped.....shit! and was down by 18K ( most still just paper loss - realised only 3.5+K as kena stopped out for Noble and I also sold off Global Bio-Chem becoz it just broke the support-line )

Now left with 3 stocks on hand. Henderson Inv HK0097, Alibaba HK1688, and SMIC HK0981
and with about 11+K of free equaties. Yes....now need to have big cushion to tahan any wild swing in price.

That is the danger of putting too many eggs in one basket!!!

4D for this coming Sat and Sun

No special one to think sbout....as I sit beside him. Anyway...my favorite the date of the draw as "tip".

So...tomorrow is 27/03, so may have to change one of the number and I think this set "2706" is a good I-bet for the top 3 prizes! Or....1730.

Good luck!!!

Stock Market - next week!!

Think...the whole market is looking tired and best to aviod them. For me....the best way is to slowly clear of my positions till only leaving behind my core stocks which is SMIC in HKex and Noble in here.

For SMIC....any price below HK$1 is good price esp now at 93 cts. Looking at it, it is very cheap now and for the past 3 weeks it has move up nicely and still at "1/3" it's IPO price. That for me...show that there is great potential of a huge push upwards! While for Noble...it is becoz of it's Vice Chairman who sold 1/3 of his holding that caused it's price shares to fall too but this will be a short-fall.

For the rest....eg, Alibaba, Henderson Inv, GCL-poly, Zijin Mining and Yuexiu Prop will be sold as soon as I can a nice profit for them! Then hold the proceed all in cash till the next opportunity come along to vest again.

Fri stock market - plan!

Presently my core holding stocks included SMIC : HK0981, Noble : NOBG.SI. My plan is to vest 40 to 50% of my total funding in them....then the balance 50% will be in a couple more stocks as "trading buys" and to hold as margin or cash!

At present....my holding for the core stocks is at only 20%, therefore will slowly increase the holding as to plan ( 40 to 50% ).

Why....SMIC and Noble???? Well....I find great potential for both esp SMIC! It is cheap and has a good story-line to push the share price higher. Looking at it...now
it's share price is only at it's "1/3" original IPO level therefore still has "2/3" to run. Plus....new top management and factories also running max but still couldn't cope with demand. Then, Noble...this is also a good trending stock except that now it's Vice Chairman is in need to money, therefore sell out "1/3" his holding at
S$3.10 and that made the price to "break trough". That is why...I fast hand and leg
to vest 10 lots...and looking to add more positions to my holding.

Thu's Dow closed only slightly up!

So...most likely that the HK stock market may open higher and after a short while after the start the "lau-sai" will set in.
Dow started well....and by mid-day already up by more than 150 points then....it's start the downward struugle!

4D - Sun and Wed

No smell....so kena makan lor.

Thursday's up-date

Stocks - well, had a down day for Monday and my funding went down by 5K. Then also did do much for Tue and Wed...and with the market looking tired, had plan to do some spring-cleaning by selling my holding since the market was holding steady for the 2 days but I was kind of busy. Went to AIA and do some errands plus go watch movie on Wed. Just felt that the market is not going anywhere and no fun sitting and watching
it going thru the "cha-cha" dance steps. But things changed on Thursday....noticed the Global Bio-Chem still at the unchanged price and that the DOW also down, I made up my mind to clear this Global Bio-Chem ( candle stick chart also not good ). So sell....the whole lot of 120 lots. My ave cost was at HK$1.997 and I sold it at
HK$2.12 then I started to notice that there were movement for SMIC. Was thinking of adding position but in the end....decide also to sell. So....set it at HK$0.85 onwards....with 100 lots at every cts upward ( Meaning 85 cts @ 100 lots, 86 cts @ 100 lots....and so on till last 100 lots at 89 cts ). By then...it moved to 84/85 cts range, fast hand and leg....adjust the price upwards to 88 and 89. By mid-day....already kena and the price was at 90 cts. POWER....profit shown on the screen was HK$32.5K but then I kena "stop-out" for the 25 lots of Golden Agri...total loss at S$875. With the 2 HK stocks winners...more than off-set the loss of this Golden Agri one. Now funding...at 7/10 level.
What made me decided to sell? Well....with the US-China problem heating up and the tired market, I felt it's time to take some money off the holding and wait for opportunity. But....woke-up at 3pm to check on the market again. Shit....hand itchy!
Saw that this Yuexiu Prop : HK0123 was dropped to HK$1.99/2.00 so I bought at $2.00 when I saw it started to turn around....managed to buy 100 lots with a ave of HK$2.012 and it closed at HK$2.05 showing a realised profit of HK$3.8K. Also went in for 86 lots of Henderson Inv at HK$0.73 cts to make it 150 lots on hand plus 30 lots of Zijin Mining at HK$6.16 and 30 lots of GCL-Poly at HK$1.82
So....now in my holding : Zijin Mining ( 30 lots ), GCL-Poly ( 30 lots ), Henderson Inv ( 150 lots ), Alibaba ( 5 lots ), Yuexiu Prop ( 100 lots ).
HUAT AH!!!

Next week trading theme for SGX - penny stock

Trading themes were hard to come by. And the only one that punters could sink their teeth into - the Hong Kong dual-listing play - is looking a bit long in the tooth. This play emerged three months ago when China XLX Fertiliser listed some of its shares in HK. Its stunning first-day performance delighted brokers and corporate finance types, who latched on to it to recommend that others follow suit.

The latest to announce plans to list in HK in Swing Media, citing well-worn 'better valuations' as the main reason. Swing's shares swung into play as a result, appearing in the top volume list on Thursday and Friday, but although the counter rose to 6.5 cents in high volume, it ended the five days unchanged at six cents.

There was also spillover punting of others who have announced similar HK ambitions, such as Midas Holdings and Epure. The fact that China XLX and the second dual listing so far, Z-Obee, have both failed to perform as hoped for post-HK listing has been glossed over by a market starved of punting themes. This, it appears, has made it overly keen to embrace the 'better valuation' refrain.

Punters also showed keen interest in a handful of penny stocks other than those falling under the HK dual listing umbrella. Healthway Medical, for instance, enjoyed enhanced liquidity because of plans to expand clinics in China, a move praised by DMG & Partners in a 'buy' with a 30 cent target price.

Apart from Wednesday, when market breadth widened considerably, suggesting the entry of hordes of retail punters, the focus was narrow on most days. Genting Singapore was consistently the most active stock, perhaps because of the opening of Universal Studios. Given the sterling efforts of house traders to churn interest through rotational punting, what followed Genting on the actives list on any given day was anyone's guess.

In the previous week, Genting was regularly followed by Golden Agri and Indofood Agri. Yesterday, EuNetworks, PineAgritech and Abterra were favoured, most likely because of their low absolute prices rather than any fresh corporate developments.

There are a couple of these penny stocks that caught my eyes are : Biosensor at 79cts ( strong support at 78 cts level ) and Oceanus at 35 cts ( rested quite a bit ).

This is for those who have only SGX trading account.

4D - Sat 20/3 : 1st prize 3720

See my post on last night "Stock market round-up for SGX and HK" at the comment colume.

SWEE SWEE....HUAT AH!!!

For the week of trading - result

By Friday, with everything counted the total GLV for my fund has gone up to be at
2/3 level again. Same level as at the start of this week. Therefore not too bad for my trading. Yes....with a couple of screw-ups for the week that cost me dearly!

Still have to recover another 1/3....and by using the present way of trading then I won't be able to recover my intial funding of 50K, that it why I want to focus and have a couple of good stock picks ( best - those penny stock ) for me to dump in my money in order to win big.

Stock market round-up for SGX and HK.

For Singapore and HK market....kind of weak but still the focus is on the 2nd and
3rd liner shares to move up. Of course...the Index stocks are still being supported but due to the high share price thus the cost of commission which make buying them a risk.
For 2nd and 3rd liner shares ( so called penny stocks ), one has to scan thru all of them and checked to see if got any news or theme for them to move up. If not...also not a good bet also must think of the price range and profit-to-risk ratio.
As the market got higher....the risk is also higher. Same as mountain climbing.....
higher one got to, harder to breath ( air got thinner theory haha ).
At present...my main holding is focus on 2 "big" lots of SMIC ( 500lots ) and Global Bio-Chem ( 80 lots - after selling off 100 lots to cushion the pain of the screw-up of SMIC ).
Btw I still managed to make....about 1K+ of unrealised profit at the end of the day due to the gain from the newly bought SMIC shares. Ave price for the 480 lots was at 82.7 cents and the closing price was at 84 cents.
I may focus on HK and SGX penny shares for now to trade....also decided to hold the vested level to about 30% funding level from present 45% whenever have a chance to clear.
Stocks to keep an eye on :
SGX - Midas ( already BP today ), Biosensors ( Lowest K-line and at near support level of 78 cents ) and Oceanus ( low K-line and at BP level ).
HK - Global Bio-Chem : HK0809 ( low K-line and just break peak ), Shenzhen Int'l :
HK0152 ( already BP ) and Fosum Int'l : HK0656 ( low K-line and near BP level ).

Thu trading up-date

Didn't do much since I am working therefore I need my beauty sleep before going to work. Lucky that for Wed and Thu...I am working half day only, at least I don't have to sleep the whole day before going to work lor.

At start of trading...the market already show a downward bias for all the Asian markets including Jap, Korean, Taiwan too. But I noticed that SMIC was quite strong supported and trading in a very narrow range HK$0.79/0.80 with more volume than normal. Btw I was thinking of selling at 80 cts so that I can go and sleep as at 80 cts the sellers were equally strong. Then at around 11am....I was feeling bored as my holding ( SMIC, Global Bio-Chem, Golden Agri and Alibaba ) was showing a negative of $700+, I get ready to go feed the fishes. At that point....this SMIC started to show volume and also start to move up. So...fast the volume hit 150 millions and the price went up to HK$0.83 then stayed there trading at 82/83 cts range.

Didn't go feed the fishes as it was raining at that time too....so went to prepare my lunch. Came to see the pc at around 12+ and the volume was at about 200 millions and the price was at around 82/84 cts range with strong buying support and lesser sellers too. Closed at mid-day at that range with 250 millions shares traded. For my other stocks....all down but the losses were easiy covered by the gain of SMIC.

At 3.30pm woke up to pee and at the same time...go look see look see the pc. SMIC was trading up to 84/86 cts range and huge volume too. But at the same time, Global Bio-Chem was weakening to below the HK$2.00 level. So I went in at HK$1.98 and 1.99 to buy another 80 lots....now my holding for this stock is at 180 lots. Ave price at
HK$2.02 now.

For Alibaba and Golden Agri - I just leave them be. I was looking at Tencent at HK$155.00 and put in an order of 1000 shares. No luck there...didn't drop to that level yet.

All in - not a bad bet for SMIC as it closed at HK$0.85, a gain of 6 cts for today.
And since my cost is just around HK$0.773 ( unrealised profit of HK$23.1K ) was higher when it was at 86 cts hehe. Well I am still confident that it will go higher in the coming sessions. Why???? Well....read my posting at T3B forum about the TSMC stake in the company and how the "chip-stocks" recovery stories!

Trading on Wed

So after 12:30pm, I went to sleep. Luckily when I slept up at 3.45pm, the HK market went up further and SMIC has recovered back to HK$0.79. BTW I had 300 lots at ave of HK$0.778. My 100 lots of Global Bio-Chem also show a small gain closing at HK$2.04
( my ave cost is HK$2.038 ). Alibaba also closed at HK$17.20 for a small gain for me.
I have confident for SMIC as the chip stocks are showing gains in US, Korean and Jap market according to the CNBC reports. In fact...I also "Q" at HK$0.75 but didn't get any at that price. I aim to vest up to 500 lots....or more. Yeah....agreed it is a risky move to over-position my portfolio on one or two counters. I have thought about how to recover the 40+% loss but cannot come up with a good idea unless I "focus" on a couple of right stocks and go almost all out on them.

Wednesday - up-date

Stock trading - it is like dancing the "cha cha" for me. SHIT....really! 3 steps forward then 2 steps backward and so on. Lucky thing was that my funding is still showing a small gain as compared to the start of last week. Up....then....down and now slightly up again haha!

Oh...now I decided to focus on just a couple of stocks and go all out on them. Yes! very risky but I cannot see how to make back my loss.

For my CPF investment fund...it is better. Still showing a upward bias which is fine with me.

Weekend again

Yes...come tomorrow morning and I can have a nice time catching up with "sleep". I have not been sleeping enough due to the "kanchongness" of trading the stock market. Even sleep....only very light sleep, always thinking of the stocks on hand. If in good market....the missed profit! but in down market....the worry of price falling therefore losses.

Read somewhere....that traders are not "happy" people! Yes...I can confirmed that!
Sell.....worry about too soon or too late! Buy...same thing too soon or too late! and only time can tell! No end to it....yes? That is if in the market. When not trading....it's more free and easy!

Replacement car....still not sure but will follow-up with the workshop people on Monday. My car....won't be ready in the next 2 weeks at best that what the guy told me on Friday. He asked whether can I drive a manual car....told him never mind, no
problem as long as it can move from point A to point B and back!

Next week....it's a 3 "rest day" thingy but I have also put in my annual leave clearing plan. It is I shall be taking 2 "half-day" for the week. On Wed and Thu...
still the whole thing will depend on whether I can get the replacement car from the workshop. So that I can rest more at home and do some clearing of my stocks.

Friday market up-date

Didn't sold anything but in fact...bought another 50 lots of SCMI HK0981 at HK$0.80cts ( it was due to my sleepiness that I push on the wrong keys ).

Well...for the result of my trading week - still showing a positive bias for my funding.

For my CPF investment thingy....noticed my funds did very well, went up by 5 to 7% just for this week alone. I am into AIA Global Resources fund and China Balanced fund. Yes....I am very mindful regarding my CPF investment since I am already within the distance of smelling it. Oh...yes, I have another lot in AIA as an "agent" benefit. Easily about 80K....and I never really bother to think about it and to find out the outcome for it if I step out from AIA.

Weekend coming

Friday...the markets ( SGX and HKex ) did pretty well today. Hopefully tonight US market can do the same....then come Monday, we shall be smiling again. From the recent data....should not move too violently up or down.

Having said that....I must also say that this week the market in SGX and HKex hold up well esp for the index stocks which sort of set the "whole trend". Still sideway with a slight upwards bias which is good for trading.

For the whole as a whole.....really got to be careful with the stock picks and go for the index-link ones!

4D - Wed

Kena just the horse-shit prize on 2307....missed the 1st prize 3070 as I I-bet both 2307 and 3071. Sayang lor....

Never mind....live to fight another day lor.

Stock up-date

From last Fri till to-date....only made about 4K in final statement but paid over 3K+ for commissions and some for interest. Even with just 0.25% for local trade and 0.35% for HKex ones.....man! it can "cost" a bomb if over do it.

Still on hand....got shit lots of shares mainly HKex ones, esp with the latest reports from China. Look....like I made a bad call again therefore must slowly clear those stocks without losing my shirt in the end hehehe!

Cheong the market again haha!

Yes...it's a great day for most of the stock markets both here and in HK. Can't ask for better hehe!
Went in for more....shares. Bought 60 lots of Global Bio-Pharm HK0809 @ HK$2.06, 100 lots of Shenzhen Int'l HK0152 @ HK$0.60 cents and 70 lots of SCMI HK0981 @ HK$0.79 cents. For SGX counters...got hold of another 50 lots of Golden-Agri @ 56 cents, 50 lots of Epure @ 88.5 cents and 10 lots of Gentings @ 92 cents.
Unrealised P & L is showing over 5K profit hehe! So not a bad day lor!
Therefore now....already vested 75% of capital, will cool down and monitor closely.
BP - may add more positions but BT - sell.

Kena 3 prize for 4D

hehe...just lucky to kena lor, a change of luck thing mah. Yes!!! fighting!!!

Btw...did a flower bathing ritual since I felt no shiok esp after my accident thingy plus the 2 misses on the 4D. Decided to go thru...the ritual on Thursday.

Yes....things show an improvement almost immedaitely on Friday eg the stock picks and for my trading. Come...Monday, I am sure I am "in" for a nice small profit if I want to sell. Will follow the flow....only decide on that day!

Mood....kind of change to "shiok" again, so HUAT AH!!!!!

"Cheong" the HK market

Bought 50 lots of Maoye HK0848 at ave HK$2.04 and 5 lots of FIH HK2038 at HK$7.92.
For local counter....bought 2 lots of UOB at $17.88 near the close.

COunters.....on "Q" but may not get = 50 lots of Golden Agri at 54 cents, 100 lots of Raffle Edu at 37.5 cents, 10 lots of Yanlord at $1.91 plus 10 lots of Straits Asia at $1.98. HK market....100 lots of SMCI at HK$0.77 cents and another 5 lots each of FIH at HK$7.90 and HK$7.88.

Feel that the HK market can benefit from the Chinese Leadership meeting in Beijing plus the fact that the Dow future is also positive. And I was right....a bit too fast with Maoye. Bought the shares and the counter went up to HK$2.12 but I didn't do anything...and it dropped to HK$1.99 and I also just "watch and see". Lost the opportunity to make some money...esp for 50 lots can make more than $500 nett at the tip of the swing for both ways. Well....think I am kind of in "coma" lack of sleep so I cannot think fast enough.

Yes...managed to stay positive for my 2 trades

Well...had 2 trades this week. 5 lots of Yanlord and 100 lots of SCMI.HK0981. Both positive result....yes! small wins.

baby steps

Life at times....is like that lor. Taking one step at a time....just like a baby learning to walk. It is not that we don't know how to walk but it is more like losing the method of walking right!

After going thru some "impactful"....we may lose some self-confident and in order to regain them....must start all over again....the baby steps thingy!

Now is the time for me to do that....taking baby steps towards becoming a big whale.
But for now...just back to swimming in calm water and staying cool....and not biting more than what I can chew.

At the same time....to see what I can do to grow as a person!

Back to bathing with flowers thingy again!

yes....yes! will plan for it in a couple of days, remember must able to get 7 types of flowers' and color. No white ones....

so....without a car, things may be more harder lor. Anyway....if got will then sure to find a way to do it. Yes!!! shall do it by Friday! If can....meaning not too sleepy tomorrow morning then I shall stop at the Bt Timah market to get the flowers for bathing plus get the breakfast. Then walk home lor....bo piang lor!!! hehehe!!!

Earthquake - death and suffering in South America

Yes....another strong 8.8 earthquake hit Chile this time and like always people will be killed and wounded. The question is how many people will die and be wounded this round. Sad fact of life.

According to the fung shui experts....this tiger year thingy will see quite a few of these type of painful lessons be it earthquake, flood, tsunami, snow storm, heavy rain.....and report of people getting killed or wounded.

See what happened to Haiti....the suffering and hardship and now this!

End of CNY....soon!

One more day....tomorrow it is already 15th of mth and the CNY is over. So so fast...
as I was worried about the CNY period esp headcount issue with the Malaysian Chinese plus some of the aunties have taken their leaves and MCs. Die...Die, I am supposed to keep the plant running smooth.

Still with no transport...tomorrow will be very tiring day for me to go "pray pray" at Waterloo temple...then to Bt Timah Temple and back home with the fruits for praying at home. Likely plan is to buy the fruit at the last moment at Shop and Save,
so not to carry the fruits everywhere I go.

This coming week....3 rest days! Well....must always keep a positive thinking and things will be fine! If can arrange to get a rental car...then things will be great. No choice...have to spend more money.

wah...here goes another week!

so fast...already 27/2, one more day then it's March 2010. 2 months has came and gone! Soon....Cheng Meng!

But for now....have to think of getting another car? Or just continue to hang on to bus and taxi thingy?

question....question....few answers hehehe. so...just let it be lor!

Stocks and forex trading.

Only did 1 trade....sold all my Raffles Edu shares ( 75 Lots ) for a small gain! That was on Monday....the very last minute of trading at 5pm Monday! POWER!

For forex.....didn't even look at it. Same for stocks....just look, see, look, see!

No point...trading if not prepared to put efforts to scan for BP and BT. So...no trade is better than to have a losing trade! So....no trade for the moment.

busy with my other activity - insurance thingy!

Shit....kena chased by my boss for activites meaning sales! So....no choice but to buy one plan each for my own family. Cost me....nearly 3.5K and get me running around like mad! Have to gp to office for forms then back to office to submit the policies. Then again...back to office to do some amendments....rustic after not doing any sales for a year. Shit...so much things and forms have changed! No forms... why? During my recent car accident....all my forms flew out of the back onto the grave yard and all got "wet". That is why...I have to go to the office to get the new forms.

Now....another shit problem, the incurance co refused to pay accordingly to the policy. They only offered to pay $13K and I have to foot another $17K plus the excess of $600. Fuck...what got logic????

With the CNY gone!

Yes...came and gone....now! But I am not feeling any better in fact I am worst off as compared to 13/2 which was the last day for the year or the OX.

This Tiger year....I crushed my car and suffered a hole in my pocket for my shares and 4D. Just 8 days....but really spent quite a big sum.

And still....feeling depressed too.

Saturday - up-date

With no plan to rent a car till I get back my car...in 2+ weeks' time, I would be saving about $1000+ for the car thingy but then I shall lose my mobility :(

For shares and forex thingy....the plan is for me to stop and monitor first. No point to buy anymore and hoping to lose money. Might as well take money and spend it on myself if I am that itchy. Eg go have a bonking good time....yes? hahaha..frankly this never cross my mind, maybe....my engine is shutting down too. ( not firing as usual???? ) Jia let :(

Friday - back to sq one!

Yeah....poor or bad timing lor. Esp for equity trading....good or right timing is everything and that makes the different between winning and losing money!

With that said....now maybe the time to lay low for awhile in order to monitor the market. Too choppy for any trend to form...therefore no trend, no trade for me! Too hard to make the call with present stage.

Might as well...take the money to enjoy myself and family. Like going on a short trip? Or rent a nice car to drive instead of taking a cab to work? Go for a nice meal with loved one! hahaha.

Very sayang to lose money in stock trading....really!

A "reflection" of my life.

For stock market....frankly, somehow I would end-up as a loser! Same for the forex market....guessed that for forex I didn't give it the due respect as it deserved.

The only good point for the above, is that I didn't really waded in with "big bets"....therefore I am still trading with small bet only, so no pain yet.

Genting shares

WTF....shit share!....really! The bosses got "No fucking pride" and just let the shares to have a "free fall".

This "big boys" club thingy....must be having a "roaring go" at it and now laughing all the way to the banks with the bloody money. Who else has the 300+millions shares a day to throw? If the bosses really want to kill the "shorties", they can easily do so unless they are the "ones" who throw/short the shares themselves!

That's why...I said that they have done a "shit-job" and had no fucking pride esp so soon after the "opening". They should be hang by their toes!

Shares

Yes....have bought back the Golden Agri at 55.5 cents and Wilmar at 6.40 this afternoon as the resource stocks are doing well esp with palm oil price moving higher and also the Dow future too.

This should good for stocks tomorrow...so I buy lor. Again....fund my account by another 20K. Was thinking of 25K...but due to the accident this morning, I may need
some money for the car repairs plus car rental....sighed!

Lucky...that I am fine and no one was injury or killed.

Friday up-date

Well....one step forward and two steps backwards for my trades today. Sold off my Golden Agri at 52.5cents and Straits Asia at $2.12 but I am still holding on to Gentings and NOL.

End-up....making some money for the former two counters while suffering paper loss for the 2 that I am left holding on to.

One thing is certain....holding less shares therefore lesser risk for the long holiday period. I am not too worried about the interest. Me....itchy backside hor to go buy NOL in the morning then read that due to the company suffer a huge loss for 2009, the shares went south from the start. This taught me a lesson....got to do homework before buying stocks! No anyhow whack....then will be whacked too!

Stock market up-date

Hehehe...yes! starting to see small results too for my stock picks. Only Genting is still....a shade down!
For Golden Agri....50 lots with a touch up! Straits Asia...same thing! For Yanlord and Noble....took a small profit of $320 hehehe.
REC...( Raffles Edu ) - 75 lots but is now down. Should not let my wife knows yesterday, so that I would have taken profit at 39.5Cents which would have given me a couple of grands. Aiya....never mind now hehehe.
Hope thing will continue to look up for me....btw Thanks GOD! Will pray and give thanks on CNY day.
Already went to my old man grave to give thanks! Lately....asking my dad and mom for "HELP". Yes....they must heard my prayers!
HUAT AH!!!!

Confirmed it's worked....YES!!!

Bathing with flower ritual...if done correctly, does works!!! I can confirmed it personally.

Kena.....the Wed 1st prize for 4D - 7132 super power! hehehe! At last....the prediction from the "chiam see" from Waterloo temple came true!!! Thanks GOD....I
am super happy. No need to go into full detail about how much....just let say it is the biggest pot I ever touched till now! :)

No problem to fund my MF Global trading fund as per my "2010 hope" and with careful trading....should recover my earlier losses too. Already....on my way to do that. Will inject another round of funding during my "rest day".

Now...I'm at 85% "CFD" level of my fund in equaties. Too late to fund today as I didn't bring my check book home. Also....my kid took my car and don't want to be walking around with so much cash in my pant mah!

Bathing with flowers - it's work!

Well...this ritual does "work" for me this round...hehehe since for the past 2 weekends I already kena $2450.

Now...will see if it works for me for stock trading. For that....will monitor some stocks this coming week. Believed...it should be safer to trade now as compared to last week. Esp since it has already experience some "lau sai" sessions last week. Believed with another couple of "lau sai" session in the coming sessions....the risk will be nice to give stock trading a try!

6/2

Ya....hoo, managed to kena 2nd prize I-bet for my car no. Anyway still happy as I don't always buy I-bet mah. If actual no...I would have kena 83K, that would be very handy now, can whacked the stock market mah :)

For the stock market....it's likely to see more sideway movement but any huge drop would be buying opportunity for me...since I am totally out of the market.

Will eye on Genting and some of old favorites eg Noble, Olam, Ezra, Indo & Golden Agri.
Maybe safer to trade SGX counters for the moment. For HK market....too choppy and may need lots of guts to dive in at the moment. But maybe after the CNY, I will look for some counters there to trade since it has gone down quite a lot there.

4D

One more day to go for this Jan 2010....before it goes over to Feb 2010. Still aiming for 7231, 2295 and 2701.

Just hope....tomorrow, the above 4D shall pop up in the top 3 Prizes.

HUAT AH!!!

Bathing with flowers

Yes....did that this morning after pray pray at Waterloo Temple. No choice....just no luck trying on the stocks and 4D lor.

Hopefully after this....I can have better luck for 4D and stocks too. Now that I have a trading buddy, luck is very important for me so that I can help my buddy to win money too.

4D....ya, if things go well that is fast money too. So....have to bath with flower lor.

Pact with my trading buddy!

Yes....now that I have a pact with my trading buddy "C" regarding using strictly the T3B method of trading. I hope we both can progress to the next stage....which is able to make a passive income beside making back whatever we have lost earlier using own method of "anyhow trade or machem-machem trading method".

The pact is to have counter-check before entering a trade...be it "long or short". Also it is sort of to confirm each other method of scanning for a winning trade. Whether using the "break peak" or re-bound method.

Let's hope this is a start of a long lasting winning relationship. HUAT AH!!!!

Stock to short list

For SGX.
Capitaland - Now at 3.82 ( support @ 3.60 )
HL Asia - Now at 3.70 ( support @ 3.15 )
Midas - Now at 99 ( support @ 90 )
UOB - Now at 18.30 ( support @ 16.82 )

For HK market
Agile Property 3383 - Now at 9.50 ( Support 8.65 )
Anta Sport 2020 - Now at 10.04 ( support 9.40 )
BYD co 1211 - Now at 56.55 ( support 52.00 )
China Agri 0606 - Now at 10.70 ( support 8.56 )
China Food 0506 - Now at 6.79 ( Support 6.36 )
CNPC China 0135 - Now at 9.48 ( support 8.11 )
Golden Eagle 3308 - Now 14.60 ( support 11.82 )

From the look at the situation at the moment...it is likelihood for further market correction for both SGX and HK market. Esp after the huge run-up on Thursday and the drop for US market closing.

Thursday

Again back at work....and have the time to slowly reflect on what happened during the week. Regrets....plenty but what to say?

On stock....yes! down to my last 45% of my 25K. WTF!!! really! In order to get back to my capital....i must win back 110% from what I am left with. That is not easy thing to do...even to think made my head pain. Just in one week....in fact, just 4 trading days I kena whacked by almost 12+K.....and I managed to close most of my SGX stock earlier or else....maybe burnt the whole lot by now.

Tomorrow...going down to pray2 again, maybe didn't pray hard enough. Anyway...will do my best.

At work...no luck too, kena blamed by optrs for their troubles. Then 4D, also no luck. Lucky thing...my health is fine. Except neck ache...which could be due to pillow trouble. Cock...also standing but "lan lan" do nothing too. That's why hinted to wifey that the lion is better off than me ( was watching cable TV about animal show ) then she told me....why not to be a male monkey, shit....kena "rubbed in". Just went to bed early....don't even want to scan the stocks ( T3B trader ). Can hear music and dream....hehehe! Anyway....got dream but can't even remember...must be all "rubbish" type. Now....I am living like a monk, look around...I am asking myself wtf am I doing to myself. Can lose thousand dollars....yet, never go enjoy myself. Whether....travelling, fucking around, drinking, meeting up with friends, sitting at coffee shop and chatting up the PRC women...or whatever. In the end...I still choose to stay home....at most, go to gym, sauna, swim or feed the fishes. Or just "lan lan" sleep early to hope for some "wet dreams"....lately that never happen too. WTF!!! Cock still standing too. SIGHED!

Not that I don't know where to find for "FL" or whatever, just don't know what to say to them when face to face. Another thing....also don't want to impose on anyone too eg wifey and anyone. But during....time like now, esp now when nothing goes "right" and losing money in stock then I have this issue about cock standing and why I didn't go and enjoy myself when even the Banglas also know what to do with the maids. Yes....my condo's bangla was telling me on Monday...that he was screwing with some of the maids in the condo. He even is willing to give me some lobangs....wah, I must be looking damn pathetic to him hahaha. Btw didn't took up on his offer...I got pride mah.

T3B Mass Gathering for 2010 outlook

Yes...will attend Keane's Mass Gathering tomorrow to hear what he has to say to us about the outlook for 2010.

At the mean time....to start scanning stocks to go "short" next week. To me....think that is most of the "rubbish penny ones" plus maybe the usual suspects like Golden Agri, some of the banks here but not good range for most of them. For those in the HK market has better and wider range to make a profit.....esp the mining stocks while the banks and property stocks also can still go "short" with limited range. As they have already started their "down" trend in the middle of Nov 2009.

Disclaimer....when "shorting" the above, when upon seeing the first sign of market change must close all outstanding positions. This is because....some of the above have already gone "south" by 10% from their peak. The market will self correct for about 15 to 20% in this round only before slowly doing the 2-steps dance till time for another major push up again. This meaning...1 step forward followed by 2 steps backwards or the other way round. The market needs "some rest"....according my own experience, the next round up-trend will be on the last week of Feb onwards after the CNY period when everyone has enough rest and in need of money again after enjoying the CNY festivities.

For another choice....no trading and just watch and see. Risky to "short" due to not a good price range to benefit from doing the shorting. Long....also not good choice as the market is at "resting mode" at the moment with downwards bias

CB week

Yes....super bad week! And still more bad news for this coming Monday esp due to the US friday's close. Can expect the HK market to drop by another few hundreds points to maybe to 20000. If that breaks....all hells will break till it reaches 18500 points which will have strong support at that level. By then.....many people will have to jump!

Oh...will be attending Keane's Mass gathering tomorrow to hear what he has to talk about. And from the usual mentors' session so far....still the same old bullish calls!

Baby whale again?

Back to be a baby whale.....best to swim in safe shallow water. For this week trading pattern....so so damn hard to make a simple living trading in the market.

No chance in hell....for anyone trading "long" unless so lucky to buy those few china themed penny stocks. WTF....really for these rubbish to make money.

Still going to the forex and stock mentor's session on every Tuesday but efforts not pay off yet. In fact....sort of wasting money, time, lack of sleep....and having lots of stresses for being a dead-beat trader. Still in most cases....no different from myself. Loser!!

A bad week for stock trading for me

Guessed this also applied to most people who traded in the stock market everywhere eg Sgx, HK and even for Dow Jones too.

It's a killing field.

Well...rest days again :)

Yes....looking forward to the 3 rest days but this week, free time will be a premium thingy. Sunday....spend sleeping or catching up on sleep.

Then Monday...gotto do run some errands and that will take some times too. By Tuesday, again the Forex trading club meeting in the afternoon....followed by the T3B traders mentor session in the evening.

In between all these....have to do some charting for Forex and stocks too, plus scanning for any stock to trade for the week. I expect Monday trading to be tough esp with the US market down on last Friday and Monday on holiday for them. Likely to see the markets here and HK to start "down and weak" until mid week. Therefore....may have to clear off some positions if things are no too bad. Then...can focus on doing the errands without worrying about what's happening to the stocks.

I am still holding on....Allgreen, Genting, Golden Agri, Midas, Yanlord plus Kingsway and Bank Of Comm.

Also I want to do some spring cleaning for my CPF holding in order to realign my whole stock portfolio.

Don't put all your bets on IRs for a rebound

ANYONE reading about the outlook for Singapore's economy this year would be forgiven for thinking that growth hinges on the integrated resorts.

The buzz surrounding Marina Bay Sands and Resorts World Sentosa has intensified recently, as the resorts gear up for their big openings while Singapore readies itself for a robust 2010 recovery.

Some analysts say the timing couldn't be better. Economists predict the resorts will help power growth to up to 6.5 per cent this year, after a contraction of 2.1 per cent last year.

One of the immediate economic perks of the resort openings is that visitor arrivals could increase by a strong 20 per cent this year, according to estimates by DMG & Partners analyst Leng Seng Choon.

The resorts are also expected to spur domestic spending and further hiring.

But the real story of the economic recovery this year goes beyond the opening of the IRs. After all, tourism makes up only 3 per cent to 4 per cent of Singapore's economy.

And like almost every other major industry in Singapore, the tourist-dependent resorts are still gambling on a turnaround in the global economy.

'The fundamental driver of growth this year is still the global demand cycle, and the resorts are just the bonus on top of that,' said Citigroup economist Kit Wei Zheng.

He is one of at least three economists predicting 6.5 per cent growth this year, well above the official forecast of 3 per cent to 5 per cent. This is based not just on the expected boost from the integrated resorts, but on a rebound in the wider services sector, which remains key to growth.

In the recent downturn, services proved more resilient than manufacturing, the other main growth driver. Estimates released on Monday showed that the economy hit a speed bump in the fourth quarter, largely due to a pullback in manufacturing, especially in the unpredictable biomedical segment.

Services was steadier, continuing to rise quarter-on-quarter in the fourth quarter, and increasing year-on-year for the first time in five quarters.

Economists believe 2010 will be the year of services growth, in line with what the Monetary Authority of Singapore has said about focusing more on services in the future. The resorts will simply be the most visible service sector star.

Trade-related services, which make up about a quarter of the economy, are expected to pick up along with a rebound in global trade, said Mr Kit.

Financial services, about 12 per cent of the economy, should also continue to rally as stock markets improve and private and commercial banking strengthen.

'Services growth will be the key employment driver this year, given the opening of the two integrated resorts and the brighter financial services prospects,' said OCBC economist Selena Ling.

Manufacturing will also boost the recovery, with two new biologics factories coming on-stream in the first quarter. The Purchasing Managers Index, a forward-looking indicator of factory output, rose encouragingly in December.

Of course, there are risks to this bright outlook, one of which is, ironically, the integrated resorts.

Some economists fear the resorts will simply exacerbate the existing volatility of Singapore's economy, reliant as they are on external demand and sentiment.

Despite numerous attempts at diversification, Singapore's export-dependent economy plunged steeply during the downturn last year, and price stability has proved a pipe dream in recent years as property values and inflation lurched from one wild swing to another.

This has prompted some economic soul-searching, most visibly manifested in the setting up of the Economic Strategies Committee. It will this month unveil its suggestions for new ways for Singapore to grow in the next five to 10 years.

UOB economist Chow Penn Nee is also cautious about how much of an economic boost to expect from the resorts this year, given the opening delays - Marina Bay Sands, initially scheduled to open by the end of last year, is now looking at an April opening for its first phase - and the fact that they are an 'untested concept'.

'If anything, the impact will be more material in the second half of 2010, assuming no major external shocks,' she said. 'We will have to wait and see.'

Adding to the uncertainty is the lack of knowledge about how much the resorts will actually contribute, directly or indirectly, to economic growth.

Some analysts have put it at as little as 0.3 per cent to 0.5 per cent of gross domestic product (GDP). Others, such as CLSA gaming analyst Aaron Fischer, expect a 4 percentage point contribution this year from all resorts-related activity, from tourism to employment and higher consumption.

The reason, Mr Fischer says, is simple: Asians like to gamble - the average bet in Macau is US$62 (S$87), compared to US$10 in Las Vegas. He expects the integrated resorts 'to prove extremely successful'. Gaming revenue for this year is expected to hit US$2.9 billion and surge by 45 per cent to US$4.4 billion next year, as the impact of a full year of operation kicks in.

Beyond the resorts, there are also other risks this year. Inflation is one, no thanks to a surge in food and property prices and abundant liquidity. Governments also need to cut back on their stimulus packages: not so quickly that the recovery stumbles but not so slowly that asset bubbles have time to build.

In general, though, economists are optimistic about Singapore's prospects this year. As Asia leads the global rebound, plenty of cash is floating around looking for a place to be spent - not just at the blackjack table, but on bigger investments in a country full of casino buzz.

A lot is riding on the success of these resorts, from the tangible - such as the prices of luxury homes in Marina Bay and Sentosa Cove - to the more abstract, including local consumer sentiment and foreign investor confidence in Singapore's economic gambles.

But the good news is that even if the promised boost from the resorts turns out to be more hype than reality this year, the economy is unlikely to tank.

So while all eyes will be on the glitz and glamour of the resorts, expect the big payout to come when the global economy recovers, lifting Singapore along with it.

Top of the stocks for 2010??

How do you see 2010 panning out?

For the first time in history, Asia will unseat the United States as the largest global demand driver. The V-shaped recovery in recent months will slow down to exhibit more gradual growth by early this year due to both demand and supply constraints as well as monetary tightening policies.

Our Singapore economist expects 6 per cent growth this year. And our currency strategist sees the Singdollar strengthening to 1.34 against the US dollar from the current 1.39 by the end of the year.

We see the STI heading to around 3,000 in the first quarter of but a temporary top is seen in line with a potential peaking of year-on-year economic growth. Rate hike concerns could also start to weigh on the market, leading to a correction.

Temporary hiccups aside, we believe 2010 will be a year where equity markets will gradually grind higher, interrupted by periods of volatility. Our 12-month target for the STI is 3,200.

What are the sector/stock picks for 2010?

We favour oil and gas, and property stocks. We think that the cyclical backdrop for most commodities should be more favourable this year compared to last year, especially for energy and agriculture.

Our house view is for oil price to range between US$70 and US$90 per barrel, averaging at US$80. This means that at the current level of US$70, there is room for trading opportunities among the oil and gas plays.

We like Sembcorp Marine, Swiber and PEC for a potential resurgence in orders. We also like Ezra Holdings and Mermaid for their potential growth through acquisitions.

We prefer property stocks focused on the high-end market such as SC Global and Ho Bee over the mass market.

The reasons are the widening valuation gap between Singapore and Hong Kong high-end properties and the opening of the two integrated resorts.

In addition, the impact of policy risks affecting the high-end segment is lower and this segment is less sensitive to an expected rise in interest rates.

Among the real estate investment trusts (Reits), we favour the hospitality and retail sectors for their healthy organic and acquisition growth potential. The expected rise in tourist numbers with the opening of the integrated resorts is also an important plus point. We like Ascott Residential Trust and CDL Hospitality Trust.

What's your tip?

Be vigilant and selective because the easy money has been made. Still, this could be the start of Asia's decade and the long-term rising trend remains intact, interrupted by periods of volatility. Make use of corrections to accumulate. Buy on fear, sell when euphoric.

How do you see 2010 panning out?

Some of the key issues will be the pace and sustainability of the economic recovery. Overall, 2010 should still be a better year for growth, but as equities have already risen quite strongly last year, most of the positives have already been priced in. For the Straits Times Index (STI) to advance further, the upward movements will need to be supported by good earnings growth, and earnings in the first two quarters will be watched closely for guidance. There is a good chance for the STI to test the 3,000 level, but beyond that, earnings growth will need to come in to support price gains.

What are the sector/stock picks for 2010?

Several sectors are likely to continue to outperform. We continue to like the commodity, infrastructure and oil and gas sectors as earnings visibility for these sectors is good.

We also like the telecommunications sector for the defensive earnings and good dividend yields, and yield will remain a key focus in the present low interest rate environment. Our picks for 2010 are Ezra Holdings, Genting, Hyflux, Keppel Corp, Keppel Land, Midas Holdings, MobileOne, Noble Group, Olam International, Sembcorp Marine, Singapore Telecom, SMRT Corp, StarHub, UOL Group and Wilmar International.

What is your tip?

Invest in quality stocks. While the operating environment has improved, share prices and equity indices have more than doubled in most cases, pricing in most of the positive news. Therefore, any earnings disappointment could be a drag on share prices. While the global economy has bottomed, the recovery is still tentative and it is best to focus on quality companies, which are better placed to ride out any uncertainties.

STI headed for major correction around June

IF HISTORY repeats itself, Singapore's stock market will undergo a major correction around June - 16 months after this rally started.

That is according to DBS Bank's analysts, who have noted that after the last two major recessions, the initial stock market rallies that followed lasted exactly 16 months each.

'Post-recession, how long does the market rally before it sort of peters out? History has shown the magic number is 16 months,' said Mr Timothy Wong, managing director and head of group research at DBS, at a media briefing yesterday.

He expects a bullish first quarter, in which the Straits Times Index (STI) will hit about 3,080 points. But somewhere in the middle of the year, the markets will experience a sharp pullback, he added.

'If there is no major correction of 20 per cent or more in the first half of the year, there will be one in the second half,' said Mr Wong.

The good news is that the STI will likely rally again after the correction to finish the year at about 3,500 points, he added, saying he expects a gain of about 15 per cent to 20 per cent for this year.

Mr Wong recommended stocks in the services sector, including transportation, hospitality and high-end properties, which will be boosted by the opening of the integrated resorts this year.

Oil and gas and consumption plays are also a focus this year, as a return to global growth fuels demand for oil and gas production platforms as well as domestic consumption.

The mood in the market now is optimistic rather than euphoric, Mr Wong said, although stronger- than-expected growth in the United States could result in a boom in exports and tip sentiment over to the exuberant levels of 2007. But on the flip side, markets could be shaken by a sudden surge in inflation.

DBS Singapore economist Irvin Seah said at yesterday's briefing that although inflation has begun to creep up, it is not yet at a threatening level.

That has important implications for monetary policy here: It means that the Monetary Authority of Singapore (MAS) is likely to stick to its current neutral exchange rate policy of zero appreciation in the Singapore dollar when it next meets in April, he said.

Mr Seah expects the MAS to return to the pre- recession stance of gradual Singdollar appreciation only in its following meeting in October, when inflation has picked up more significantly. A more expensive Singdollar helps to mitigate inflation here as it offsets the higher prices of imported goods.

As economic growth gathers steam and inflation returns, most of the other central banks in Asia will also start to raise rates this year, said Mr Wong.

For the property sector, Mr Wong expects HDB and mass market private housing prices to stay mainly flat this year, as the Government is keeping a watchful eye on runaway prices in these sectors.

But high-end home prices will jump by 10 per cent to 15 per cent, due to more limited supply, the integrated resorts drawing in investors, and spillover demand from Hong Kong, where luxury home prices have skyrocketed, he said.

Praying day

Yes...went for my usual 1st/15th pray pray at Waterloo St and at the same time, said a short prayer for the victims of the Haiti crisis.

Also asked for a chiam see esp for this coming month....luck, fate and so on. This time I got a No 21 chiam see which was supposed to be good. The interpretation for it was that...I can start to do as my plan and will be able to make money as per my plan since heaven agreed. Since I have asked...I am going to put my faith with it.

Oh...noticed that Yanlord has dropped by 10% to-date. My buying price was $2.21 and now it was at $2.02. I was thinking to adding to my positions in the morning after my pray-pray and the price of 1 lot was at $2.06/07. I was shocked to realise that it has dropped quite abit from last week. Can only guessed that this has something to do with China controlling the banks and the loans esp for property speculation lately. Even HK went south by nearly 3% since this week. Only the Singapore market index is still positive for the week.

For the moment...I tend to think that HK market has better room to run esp after this week's "lau sai" ( mini correction ) thingy!

Will be planning to add to my position next week....have already stand-by another lot of funding ready. I will go and do it on Monday...at Bt Timah.

My plan....is to monitor closely the HK market and to buy some of the banks' shares. Esp BOC, ICBC and Bank of Communication with just 10% margin required only. Plan to hold these shares to the CNY period.

For Singapore front...just keep myself "happy, relax....since the markets have gone up quite a bit since the New Year.

Just a thought

I was thinking to just fully focus on a couple of stocks or at most 3. I am aiming to put most of the funding plus top-up for that too.

One of the stocks...is Kingway ( HK 0124 ). It is a beer company now trading at around HK$1.75. Believed it can fly during the CNY period. Then....maybe want to buy Bank of China ( HK 3988 ) at this HK$3.95 level too. So cheap....now. Even cheaper then when I traded it during the Dec period. I was "stopped out" around this level then it went straight up till now. Think this is one of the cheapest bank share at the moment.

SGX....is looking stretched at the moment and HK is better over the CNY period. Esp since it has again corrected itself these couple of session. Most likely to bound back to the 23,000 level soon. In fact....should tested the 25,000 level during the CNY time too.

The other favorites stocks....Wilmar, Noble, Bank Of Comm ( HK 3328 ) are too expensive now. Same for Ezra, Olam, Bio-Chem Global ( HK 0809 )...all have gone "north".

Mon to Thu - update

On Monday...didn't do much except to see and clear my emails. By the time, the stock market open....just watch Wilmar goes up. Was waiting for a pullback but didn't see any. So...on Tuesday, when it was traded down at the start I went in at 7.06 then it went back up 7.10. Was thinking that I should have bought more but within an hour it went straight down pass the 7.06 mark till 7.02, then it turned again. This time, added another couple of lots to 5 lots. This time....it went straight up to 7.29, was smiling and thinking of my smart buy. Have to go to the AIA office and then to Forex Mentor meeting in the afternoon...so didn't monitor after the closed at noon break.

Also...went to the T3B mentor session in the evening after my forex thingy. Only then realised that Wilmar went down to 7.17 at the close of trade.

On Wed....the whole market was down from the start, same same for the other markets. Esp worst for China and HK markets....I just sit still and do nothing. Btw went for swim, badminton and then cook lunch. Was busy with activities instead of worrying about the shitty market. Then at close....Wilmar was at 7.04. FCUK!!!

So...this morning, when it started trade at 7.04 and went up to 7.12. I sold at 7.11 when I noticed it starting to turn direction again by looking at the candle stick trading pattern. Then....true enough it went down to 7.06 level. Was thinking of buying but then I went to buy Bank of Comm ( HK ) when it traded down by 14cent to HK$8.91, so already loaded with that plus I was thinking that HK market should rebounded since it went south by 500+ points on Wed. I was also thinking to switch out of SGX to HK market since the HK market has corrected. I also didn't want to stress too much since I am to start work tonight. By the time, I went to sleep at 1;30pm....the market was fine esp HK. My stocks were showing a small profit too.

Oh...I also went for feeding the fishes at the condo's ponds, gym, swim and then sauna before going back up to sleep.

In the end...at the close, the HK market went down by 30+ points instead of up nearly 300 points in the morning. Shit...such a big swing and my Bank of Comm also went down and show a small loss instead of showing a small profit.

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The strategies for trading stock online are countless but there are only a few that have consistently performed over and over again. The three main strategies for successful trading are buying at all-time highs, swing trading stocks online and trading support. If you take the time to master these three strategies, then you will be armed with the most effective trading approaches in online stock trading.

Up, Up, and Away
1. The best way to buy a stock is when its in a full-blown trend move--usually when it's making an all-time high. You only want to do this ideally when the stock has traded on an exchange for at least three months. The excitement of trading a new stock issue has usually subsided and the price action isn't quite so volatile. As the stock trades up above its old high is where you want to place your buy order and then ride it to higher highs. There is not overhead resistance of old buy points from old investors clinging on to old positions that could trigger a trend reversal and the stock is free to continue its trend upward.

One Step Back And Away We Go
2. Trading pullbacks is another effect strategy for trading stock online as it lets you "step into" a move that is underway. When a stock is trending in a given direction, it is inevitable that the price action will pullback momentarily before beginning its trend resumption. When it does step back you simply put yourself in the position to latch onto the stock by taking a position as it resumes its original move. The benefit is that the entry is low risk and if you use moving averages like the 10-day and 20-day Simple Moving Average it can help you time your entries better.

S/R
3. Support and Resistance line, or S & R lines, are common, easily spotted, and a reliable strategy for online stock trading. There are stock traders that do nothing but trade support and resistance points in the stock markets for high profit potential. To trade support or resistance points, you need to just wait for a stock's price action to touch upon a suspected S/R point and then react. The reaction you are waiting to see is a reversal back in the opposite direction it just came from. If the overall trend on the stock is up, you should just trade the support point as the stock is likely to follow the trend on the larger time frame and do the opposite when trading resistance. By staying in step with the larger trend when using any online stock trading strategy, you are more likely to be successful and potentially make larger gains.

Word of Advice
4. It's going to be better for you to learn these simple strategies for online stock trading than to go out and try some complicated system. The best methods are often the simplest even if they are boring. As a trader, you're first responsibility is to make money and avoid risk. By mastering these strategies slowly, cautiously, and one at a time you put yourself in the position to win big while avoiding unnecessary risk.

An Anatomy of Trading Strategies

There are limitless systems for trading stocks, but all systems require similar strategies. Whether a trader is scalping for small but quick profits, trading short-term or taking a long-term approach, every trading system needs to incorporate several characteristics to be successful. Without these strategies in place, a trading system will under-perform, or, worse, it will lose a tremendous amount of money.

Determine Appropriate Trading Style
1. A trading system needs to be appropriate for the trader's personality. If a trader likes trading for quick short-term profits then a scalping system would be appropriate. If this trader implements a strategy that holds stocks for days or weeks, he will become impatient and will most likely deviate from the strategy causing the system to under-perform. Likewise, if a trader's style leans toward accumulating slow and steady profits, he will be miserable trading a strategy that has him entering and exiting positions quickly throughout the day.

Verify System with Back Testing
2. Before implementing a trading system the trader must verify if the system has the potential to be profitable. This is accomplished by back-testing the system. Back-testing uses the buy and sell rules of the trading system to run a historical simulation to determine the potential of the trading system. The results of the back-test allow the trader to verify if he has a plausible trading system. Back-testing also gives a trader the opportunity to adjust the system to make it more effective.
Most brokerage firms offer their clients robust back-testing systems. These online systems are easy to use and provide a wealth of data that allows the trader to analyze his trading system.

Limit Losses
3. Even the best trading systems encounter losing trades and periods of under performance. It is imperative that all trading strategies incorporate safeguards to limit losses. For example, a trading strategy can have a rule that sells a stock automatically if it declines by a certain percentage. It is best to make these rules automatic, so that it takes the emotion out of selling a losing trade.

Protect Profits
4. Protecting your profits is just as important as limiting your loses while trading. All trading systems need to sell rules that lock in profits. This can be accomplished by setting a stop-loss after a stock has made a gain. For example, a rule can be set for a stock that has appreciated by more than 5 percent. The rule would state that it is necessary to sell the stock if it declines by 2 percent. This will lock in a gain of about 3 percent if the stock falls; however, it will allow you to hold the stock and make more profit if the stock continues to rise.

Review Performance
5. It is vital to periodically review a trading system after it has been implemented. Reviewing all of your trades can be a time consuming process, but it will allow you to pinpoint aspects of the system that can be adjusted to produce more profit. Reviewing your trades will also let you see how you can limit losses in the future. As market conditions change over time, most trading systems benefit from tweaking the trading rules.

About The Day Trading Scalping System

Day trading - scalping is a stock trading strategy that takes advantage of low trade fees and fast speeds to make large amounts of low risk trades that involve entering and exiting a position in a matter of seconds. These traders take advantage of the bid-ask spread--the difference between the highest price that a seller is willing to give for a security and the lowest advertised by any buyer--along with short term trends in a stock to make profits.

Significance
1. A scalping day trader has an inordinately fast-paced day. They are a pure specimen of day trader--they aren't interested in how a stock is performing in a minute or hour, but rather whether they can turn a profit off of it in an instant. They may lose money on many of the trades that they make, but none of them are likely to carry significant risk because of the short time periods involved and the usually small amounts of shares being traded. Scalpers can scale their operations up and down easily.

Warning
2. Scalping may sound like a get-rich-quick scheme because practitioners take large risks. Where there is no risk, there is low potential for profit, especially in the field of day trading. Stock prices can oscillate unpredictably from instant to instant, making scalping no better than gambling if not practiced intelligently with reference to the bid-ask spread of the security.

Function
3. Scalpers look for high-activity securities for their trade. The greater the froth in the price, the more chances there are for scalpers to make a quick profit. It's an advanced trading technique, because scalpers need to be extraordinarily fast with their trading interface and up to date with their trades. The speed needed may necessitate an advanced internet connection and special trading equipment like a Bloomberg Terminal. Some scalpers are employed at professional day trading operations or within larger financial corporations.

Effects
4. Scalping does not require heavy stock research because the positions are held for such a small amount of time. Scalping is an excellent trading system for individuals who are very fast and more interested in stock trading as a sort of game of skill rather than an intensive mix of research, timing and learning new strategies. Scalpers look for strong price movements in a potentially wide catalog of stocks and dart in and out of each of them for little chunks of profit.

Benefits
5. Scalping allows day traders to control their risk in real time. They don't have to wait for a trade to flip around their way--they exit the trade instantly if it looks like it will lose them money and lock in profits rapidly. The short durations of the trades preclude many more complex strategies like laddering share purchases or aiming at passively managed asset growth. It does require a great deal of skill--although it may sound easy, few are able to perform well at it without significant practice and sharp instincts.

How to Use the Day Trading Scalping System

The scalping system is made to order for day traders. Scalping involves buying and selling a stock within seconds or minutes. You can also use the scalping technique in the currency and futures market. Scalping is a way to control your risk when day trading stock or other commodities. Since scalpers hold a position for only a short time, there is less danger of losing a large amount of money.

Instructions
Step 1
Update any computer equipment that is obsolete. Scalping the stock market requires faster computer speed than other forms of trading, because you must get into and out of a position so quickly.

Step 2
Splurge on a T1 line (a fiber-optic line that carries data at a rate of 1.544 megabits per second and plugs into the network router). Scalping requires ultrafast Internet speed. DSL service from your phone company and cable modem service are also acceptable, but they are not the best choices.

Step 3
Subscribe to a Level II quote system. This updated system will list the highest bid and the lowest ask prices for a stock. It is an essential tool for day traders using the scalp system.

Step 4
Make several trades a day. Scalping requires you to buy and sell as quickly as possible to maximize your profits.

Step 5
Expect small profits. However, a small gain on each trade can add up to a decent return at the end of the market day.

Step 6
Consider holding onto part of your position when you liquidate, even if you will turn a profit. Holding onto a small amount of the stock will allow you to capitalize on it if the price movement becomes even more favorable.

Step 7
Keep price spreads and commission costs as low as possible. Remember that you are working with small profit margins when you scalp.


Tips & Warnings

*
Stick to a strict exit strategy when you play the stock market using the scalping system. Although there are always risks involved in any kind of day trading, the short time you are exposed to the volatilities of the market and the frequency of small trades are the main reasons why scalping allows traders to turn small profits into respectable gains.
*
Beware of any stock tips you hear about on chat rooms, find posted on Internet bulletin boards and online newsletters or receive via unsolicited email. Never buy a stock that you haven't thoroughly researched, no matter what kind of trading system you use.

Technical Trading - An Important Key To Successful Online Stock Trading

Technical trading is a powerful method used by many experienced online stock traders. However, the idea of trading the stock market using charts and indicators doesn't always make sense to new traders. A close look at what actually takes place in the "real world," makes it easy to see how price and volume action on a stock chart reveals more information than most people would ever imagine.

Let's start with the concept that sooner or later all news and fundamentals about a company are reflected in the stock price. The stock market accomplishes this process relatively fast, especially now that so many investors are going online for information.

Company insiders are the first to know when events are underway that will impact the company's stock - THEIR stock. Although SEC regulations do govern what insiders can say and do with the information they obtain, the fact remains that people do talk.

What starts out as quiet chatter among key employees soon spreads beyond the company's inner circle. These conversations quickly make their way to friends and acquaintances, who in turn share this exciting news with others.

As more and more people hear about these "secrets" many will either buy or sell the stock to take advantage. As a result the stock chart begins to signal that something significant is taking place.

Serious chart readers learn to recognize the signs of change. They watch closely to see if an opportunity exists to profit from the developing situation. This group includes what is commonly referred to as "smart money," traders with deep pockets who recognize what is going on and take action. Due to the size involved, their stock trading always shows up on the charts.

Also involved in this process are approximately 4000 "semi pros," who according to CNBC, make up over 80% of the total daily online stock market trading volume. They are extremely active, trading an average of 50 times each session. Their days are spent banging into support and resistance levels to see what, if anything, gives.

After reading the strength of these pivotal chart areas, they quickly decide to either hold onto their stock positions, or reverse and head in the other direction. In one sense they play the role of stock market "scouts" who push and pull at any possible weakness to find which direction prices are willing to go.

These ever-active players are also the oil that lubricates the stock market online trading machine. They create constant price movement at the same time other less-active groups are sitting on the sidelines. It doesn't take long for the impact on price and volume draws patterns on the charts. These are powerful clues about where a specific stock - and on a larger scale the entire stock market - is ultimately headed.

Bottom line? Anyone trading the stock market online should take note that charting works effectively in all markets in all time frames. This applies to short-term trading and long term investing alike.

There is nothing new about all this. It has been known among technical analysts for decades. Those of us who use charts as part of our online stock trading strategy locate the pivotal levels, then go with the flow along with the intelligent money. While it does take effort to learn, this is certainly one skill that anyone trading the stock market should acquire!

Trading Stocks Online? Watch Out For The "Get Rich Quick" Crowd

Few people who set out to get rich quick trading stocks online actually become rich. The small group of get-rich-quickers who do make lots of money fast do it purely as a result of chance. They rarely keep their trading gains for very long.

Steady cash trading stocks online

This is because trying to get rich quick causes stock traders to take on way too much risk. This is normally done by trading with excessive margin or by investing too much money in one position. Unfortunately, people who are in a hurry to make a lot of money trading online tend not to do a good job of managing risk.

Managing trading risk involves focusing more on the potential downside of a trade or investment than the potential upside. In practical terms this means using an objective stock market trading method designed to limit drawdowns in the value of your stock portfolio.

If you do a good job of managing risk you will almost certainly make money trading the stock market over the long-term. Those who consistently ignore risk and overload the wagons in an attempt to get rich quick are guaranteed failure.

For example, most traders with a get-rich-quick mindset don't realize that if they repeatedly bet everything on trades in which the probability of success is 90% they will eventually lose everything. Sure, they look like a genius for a while, but the one out of every ten trades that happens to be a 'loser' will wipe them out.

Bottom Line: Wall Street would have you believe that there is a direct correlation between the risk you take and the return you make. That is pure Market Myth. You don't have to increase your risk to crease your return.

Stock market trading online is a type of speculation where education and skill can dramatically improve your odds of winning. Risk management is a skill. Reducing your stock market trading risk dramatically increases the odds that you will win.

Stay focused on what you need to know and what you need to do to be successful trading the stock market online. Remember that money is just a by-product of wise trading methods and actions.

Nine Simple Rules for Trading Stocks Online

It's much easier to make money trading stocks when you know the rules ...

Here are nine simple rules for online trading success.

1) Trade With The Trend. You can't change the weather, but you can set your sails to take advantage of whichever direction the market wind is blowing. Trade what you see, regardless of what you'd like to see.

2) Buy Strength, Sell Weakness. Stocks trading at 52-week highs usually go higher. Stocks trading at 52-week lows usually go lower.

3) Base Your Trading Decisions On Logic And Reason. Respect the power of your feelings to influence your behavior. Keep your emotions under control while trading.

4) Plan Every Trade. Trading blind is senseless. Know exactly what you will do if a stock goes up or down BEFORE you put money on the table.

5) Stick With An Online Trading Method You Have Confidence In. Realize that you don't have to be "right" on every trade. A few losers do not mean your trading system is defective.

6) Manage Online Trading Risk. Take small trading losses rather than let them become large losses. Never add to a losing position.

7) Keep A Trading Log. Even if you never use it for analyzing your trades, a journal provide a written reminder of your ability to stick with your trading plan. To boot, it's in your own handwriting, which can be pretty persuasive if self-doubt starts to creep in while you're in a trade.

8) Measure Your Results. You're trading online to make a profit. If your figures don't add up, stop putting money at risk until you know why your stock trading method isn't working.

9) Invest in your online trading education. The victory goes to the prepared, so prepare for success. Get good training and instruction. As the saying goes, "If you think education is expensive, try ignorance . . ."

Our Stock Trading Rules - growth stock

Our Stock Trading Rules.

* Every trader must have a profit and loss plan - a blueprint, if you will. Without a plan, you will lack the discipline to control your emotions, which is your biggest enemy.

* Always determine up-front the maximum loss you can take on any trade. Losses should be limited to 7% to 10% maximum. This is one of the most difficult rules to follow and requires tremendous discipline.

* 3 out of 4 of your stocks must be sold if they show a profit of 25-30%. Sometimes, an outstanding winner comes along, and it is time to be a pig. You need to milk these winners to the max, as explained below.

* Do not take profits in the first 8 weeks. If the stock has raced up 20% in a few weeks, it is time to be a pig.

* Holding onto winners requires courage and patience. Raise your stop loss based on support and resistance points, or any other timing mechanism you prefer. After a strong uptrend, most stocks WILL flash sell signals that WILL get you out before the peak. Recognizing these signals is the key. Remember Lefevre in Reminiscences of a Stock Operator, "It was never my thinking that made big money. It was always my sitting." It takes courage to be a pig.

* Losing is part of the game. Good traders always know they will come back to win, and do not worry about looking stupid because they have lost in some trades. In fact, you will probably have more losers than winners. However, your losses must be kept small and you should allow your winners to run.

* Manage your portfolio risk correctly. Initially, do not invest more than 5% of your portfolio into any single stock. Aim to hold 10 to 20 stocks in your portfolio. This will minimize the negative effects a single name will have on your portfolio.

* Learn effective money management. Pyramid up (buy more shares) when the stock moves in your favor. Always channel your money into profitable positions. Pyramid down, only if you absolutley know what you are doing. In other words, don't.

* There's always the Wall Street fool who must trade all the time. If you find that most of your last trades have gone against you, scale back and rest awhile.

* Do not day trade.

* There's more to life than trading.

Stock Trading with Trend Following Trading Systems

What is trend following? Trend trading is reactive and systematic by nature. It does not forecast or predict markets or price levels. Prediction is impossible! Trend trading demands that you have strong self-discipline to follow precise rules (no guessing or wild emotions). It involves a risk management system that uses current market price, the equity level in your account and current market volatility. Trend traders use an initial risk rule that determines your position size at the time of entry. This means you know exactly how much to buy or sell based on how much money you have. Changes in price may lead to a gradual reduction or increase of your initial trade. On the other hand, adverse price movements may lead to an exit for your entire trade. Historically, A trend trader's average profit per trade is significantly higher than the average loss per trade.

Trendtrading is not a Holy Grail. It is not some passing fad or hyped-up secret black box either. Beyond the mere rules, the human element is core to the strategy. It takes discipline and emotional control to stick with trend trading through the inevitable market ups and downs. Keep in mind though, Trend Followers expect ups and downs. They are planned for in advance. What must all trend followers consider?

Price: One of the first rules of trend following is that price is the main concern. If a market is at 60 and goes to 58, 57, 53 - the market is in a down trend. Despite what every news show might predict, if the trend is down, stay with the trend. A trader need only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing. Think about Bear Stearns, Lehman Brothers, WaMu, IndyMac, AIG, Fannie Mae, Goldman Sachs - didn't their down trends tell you all you needed to know? Did you fall for the nonsense that they would all bounce back?

Money Management: The most critical factor of trend following is not the timing of the trade or the indicator, but rather the determination of how much to trade over the course of the trend.

Risk Control: Trend following is grounded in a system of risk control and money management. The math is straightforward and easy to learn. During periods of higher market volatility, your trading size is reduced. During losing periods, positions are reduced and trade size is cut back. The main objective is to preserve capital until more favorable price trends reappear. Cutting losses is the way to stay in the game.

Rules Rule: Trend following should be systematic. Price and time are pivotal at all times. Trend Following is not based on an analysis of fundamental supply or demand factors. Trend Following does NOT involve seasonals, point and figure, Market Profile, triangles or day trading.

Trend Following answers these critical questions:
1. How and when to enter the market.
2. How many contracts or shares to trade at any time.
3. How much money to risk on each trade.
4. How to exit the trade if it becomes unprofitable.
5. How to exit the trade if it becomes profitable.

Conclusions

If you want in-and-out day trading, we can't help. Good trend following systems average five or six trades per market per year. Good trend following systems ride big winners and cut short small losses. What do you need to get started?

* An active mind, willingness to learn and passion to win.
* No knowledge of what an Italian bond is worth or what companies comprise the S&P or FTSE index. The key to trend trading is the price on the chart.
* Discipline and common sense to do the right thing per all rules.
* About an hour each day at the end of the day to check trades.
* A PC and telephone line (or internet connection).

Trading is a zero-sum game. For every winner, there is a loser. What's the difference between winners and losers? Smarts and strategy. For every loser in the NASDAQ implosion or the real estate/credit meltdown there was a winner. Does this mean that there are traders with neither strategy nor smarts actively losing, effectively shifting their funds to the winners, armed with strategy and smarts? Yes, absolutely.

Some stock trading secrets - reality of any online stock market investment strategy

Can you hear these points during stock trading courses ?

I would like to present you some important points - "stock trading secrets". I noticed that they are not well known by aspiring traders trying to learn how to trade for living.

Every time when somebody is asking me "teach me to trade" I start with these stock market trading tips and very important points.

Trading must be done as business
Every trader must do it is a business and acts accordingly. If anybody is doing it as a hobby - he will lose money sooner or later. Remember - only business earn money. Hobby is taking money from you.

Trading is boring
No one should expect big excitements from trading. As any other business, trading should be done as a routine, without emotions.

Trading needs patience
Every trader must be patient. Trader must wait for ideal trade setup. Do not chase strong moves. If you will see some missed trade opportunity then relax. Another will be available soon.

There is huge amount of stocks listed on SGX & HK stock markets and every day there are plenty of different trading opportunities: day trading strategies, swing trading strategies, ideas for online stock market investment strategy. All financial markets offer a lot of superior and best ways to invest money every week.

How to create stock trading system

Well, when I say stock trading system I am thinking about set of rules. These rules have to reply to questions described below. Consider them as your best stock pick guides.
1. What is time frame for your trades
2. What type of trades you are looking for
3. How you will find best trading opportunities
4. How you will set entry, stop-loss and target points for my trades
5. How you will enter and exit trades
6. How you will manage trade

I use rules based on these points in my everyday stock trading for living.

Time Frame
Definition of time frame for your trades is necessary. You need to know how long you could hold position. I personally define these types of stock trading

Trade Types
My trades are based on simple rules. My basic premises for trades are support and resistance . So simple stock trade can be :

1. Breakout trade . This trade expect break of significant support or resistance level

2. Pullback trade . This type of trade expects that price will bounce from important support or resistance level

How to find trading opportunities
There are several ways how to find best stock pick (understand stock trade setup) for the next day. You can use:
* stock screener available on Internet
* stock scanner integrated in your trading software or analytics software
* special list with manual selections

I also found that checklists can help to improve stock picking process a lot.

Set up you entry, stop loss and targets

You need to have these important values prepared for each of trade setup you like and which fit with your trading strategy.

First you need to find good entry price, then you have to think where to place stop loss and finally you can think about possible targets where you can realize profits.

These 3 values must fit with your risk:reward ratio definition. This procedure will tell you if your setup is good and worth trading.

Entering and exiting of trade
Knowledge of right order types used to enter or close of the trade is part of good stock trading system.

Read also why I do not enter any orders before market open.
One trading veteran told me that it is not good to enter stop loss orders or stock trade entry order before market open.

The main story is that "amateurs control the open, professionals control close". It means that a lot of amateurs investors are placing their orders before market open. Most of these orders are based on some "hot stock pick advice" or some "hot news" received in pre market hours.

It creates huge opportunity for market professionals to profit from these orders. It is very common that such news move stock price during premarket hours already and stock is opening with gap (price is much different from yesterdays close price).

It means that stop loss orders or trade entry stop orders of these amateurs investors are often filled in totally different price then they expect. And after first few minutes of trading , when all these orders are filled , price returns back to previous days close levels.

It is happening on daily basis. I saw it a lot of times during my trading career. So I think that this stock trading advice for online trading is very important.
Stock trading advice for online trading
* Do not enter any orders before market open to be filled after market open

* Wait 5 or 10 or 15 minutes and then enter your orders. Adjust stop loss levels or trade entry levels accordingly

Trade management
Good trader have to take care of every opened trade. You also must make regularly monitor development of your stock trade.

The most important tasks of trade management are
* trailing (moving) stop level
* profit taking
* exit decision if breakout or breakdown fail

Very profitable approach in trade management is adding into already profitable trade or re-entry of trade.

Prepare list of rules for all these tasks in advance and follow them during active trading hours.

Write all answers to question list above to paper to ensure you will not omit them in the future. These rules are basics of your stock trading system.

Types of stock trading

There are several types of stock trading, based on profit expectations and on time frame of realized trades. I personally divide them into these categories:

* Day trading is for very short term trades. Day trader holds position only during one day. It means that no position is held overnight. Such traders use intraday charts with very short primary time frame like 3 min, 5min, or 10 min. Their trades last from several minutes to hours.

* Swing trading is based on daily charts. Trades can last from one day up to several days or a few weeks. This is my favorite time frame. Basic type of chart is daily. Some swing traders use also 240 min (4hours) charts as primary time frame. I like these 4hours charts, too. See my charts setup for my analysis, if you want.

* Position trading is based on weekly charts. Such trades can last much longer. Typical holding period is between 1 month to 6 months

Any of these approaches can make money. But if you plan to generate regular income from trading, you have to consider shorter time frame for trading (day trading or swing trading). Position trading is good if you want to create more wealth.


My special multi time frame stock trading tip !

I like to use same stock for swing trading and for position trading . When I find stock with nice chart for position trade, it often means also several possibilities for swing trade in same stock.

Trading for this week

Somehow....did well for the 1st 2 days when I was able to monitor the trades than from Wed onwards...things just screw-up for me. 1st...still have this itchy backside problem. Somehow...whatever stocks I sold, it would then fly just to spite me. What I buy....will go "limp" until I give up and sell.

No luck??? No skill??? I am starting to doubt myself :(

Thu - mini correction?

Shit....stocks went nicely up during the morning trades, then started to turn around noon time. Got worst in the afternoon....btw I went to sleep after putting in my stop-loss orders. Woke up at 4.30pm....shit, my Wilmar kena 'stopped out" as I want to protect my profit. Still due to loss by Genting....YAnlord and Wilmar, loss a total of about 8% of funding. Plus commission...now total loss back to 27 to 28% level. Still better than earlier loss level of 38% hahaha.

Okay...gotto tone down my trading until my fund shows a profit as per my agreement with wife. I shall stick to that....sort of self discipline thingy!

No profit....no adding of funds.