Due to the heavy workload in my current new Job as IT Presale Consultant, I just got it missed and took
a trade two days later on 23rd using my IPhone. Frankly speaking, I love to trade with Poems Mobile.
It is so handy and I can take a trade even when I am in the toilet, travelling to client's place. Once a trade is
transacted, I will immediately recieve an email to my inbox, what a great technology we have today?
If you are looking for a reliable remiser from Philip Securtiy, I can recommend my current broker who is responsive and man with integrity.(note, I have no referral fee at all. I have introduced at least 5 friends
who are new to trading to open an account with him). He will send his analysis often and I feel that it is
good for newbies.
Come back to the above chart, so I took a trade on 23rd March and I shared with friends around me through sms or whatsapp. The reply from most of them were "wa..so expensive stock and have gone up
alot already, don't think it will go up soon, better buy yang zi jiang, cosco or nol, cheaper leh".
Well, it really doesnt matter what the price of the stock is, what really matter is if the stock will move higher
from my entry level to make profits for me even it is expensive.
So I replied my friends " do you want to buy stock that is getting cheaper each day or getting more expensive each day to make a profit?" and the reply was "the stock has to be expensive after purchase inorder to make a profit" . HAHA.... Then I said, "In this case, then why want to look for stock that is getting cheaper now or moving down the channel? and the usual reply would be "oh, because it is more affordable and I can buy more lots instead."
Frankly speaking, this is what I have heard over and over again from any friends who do not trade well or make some decent profits over a period of time. Many of them are in the state of confusion because most
of them want to buy stock that is getting cheaper each day and hoping for profit one day.
For me, I love stock getting more and more expensive each day especially in STAGE 2 and CLASS A stock.. So what is ClASS A, B, C and Stage 1,2,3,4 then... Below is an extract from my ebook written in 2003 title "Personal Trading System" to share what is CLASS A and Stage 2.
If you have joined the SGtrader's Trading Group, you will be taught this vital skills to survive in the market.
Class “A” stock
- stock continues to trend higher after breakout. No known near term resistance.
- risk is low and reward is high as price just starts to move out from base.
- price is trending above 200MA (MA commonly used by fund managers)
- breakout volume must be at least twice the average and the spread is equally wide.
STAGE 2: Advancing Phase
- ideal stage to buy, stock swings out of its long term base, starts to trend higher.
- profitable breakout usually occurs with large volume. 200MA turns up shortly after
breakout provides confirmation of strength
breakout provides confirmation of strength
- investors buy stock on the initial breakout or on the last pullback towards the
breakout level. This is a 2nd chance to take advantage.
breakout level. This is a 2nd chance to take advantage.
So Come back to the chart again, when combine with Classification of Stock and Stage Analysis with my
propiertary trading system, it becomes clear to me if I am riding the right stock with the right stage to make
an income. Base on the last two trading days, expert indicators "lack of demand" triggered twice. When
cluster of indicators appear consecutively, it has to be respected with full attention.
So how am I going to handle this situation when my trading system is sounding that there is weakness in
the current uptrend? I respect and follow the order by setting yesterday's low as the trigger point for me
to exit and take profit. If tomorrow onwards, price starts to fall below 04/04 low $5.92, I will walk away happily with what I have made within 10 trading days. Don't grin over too little profit made, just take what the market give me. Nothing is for sure in the market, we are dealing with probability. Stay healthy and be happy.
Cheers
