Eve of fed meeting

Today is the eve of the all important fed meeting outcome. If I'm not wrong, the results would be out tonight (or rather tmr morning) at 3 am like that.Quite a couple of important things happened. First of all, china officials have said that the property market in china is reaching bubble proportion so is really going to tighten it. Shanghai bourse fell 5% today, dragging hsi down 350 points, totally wiping off yesterday's gain. Why the over-reaction?...

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Did not check stocks today

It's very liberating not to wake up early to check the market. In fact, I didn't even on the computer until now.So imagine my surprise when Pac andes rose 0.085 to 0.98 today. Wondered what happened.HSI rose 220 points, so the worst is over now for hsi i guess. Bullish trend resuming. STI rose around 2 points, but there's still bullish bias. I think it depends on what the fed meeting goes. Basically what people are looking out for is the direction. Are we going to cut or not cut interest rates. That will affect US market tonight and subsequently...

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Still bullish? YES

Today STI made an impressive recovery. It flew up by 41 points upwards. It caught me by surprise actually, because I've expected STI to resume uptrend only around middle of this week. So, with this moderate rise, STI should be resuming its upward trend from now on. The only thing to be careful of is the slew of data coming from US side. Although US market and regional bourses have diverged, we'll never know what might happen this week.This week, almost a quarter of the companies in S&P500 are reporting their quarter results this week, so I...

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Thank you!

I would like to say a big thank you for all the people who had been religiously following this blog.I've heard people who have to read it twice a day, like reading newspaper and I've known people who keeps refreshing it to see if there's an update. I really appreciate this, I do. Although most of this stuff are just my nonsensical losses and minute wins, maybe plus a bit of crappy advice that nobody should follow, I really do hope that one day, you'll be able to see me say a big HEY, I FINALLY CAN BE A FULL TIME TRADER! COME JOIN ME AND WE'LL...

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Still bullish?

I didn't monitor the market except in the morning.DOW went down 120 points, so that's a big correction for US side. This will spill over to STI and HSI respectively. It did, in the morning, STI was down like 40 points and I guess it recovered somewhat to close at negative 20 points, not too bad right? HSI down another 380 points, after yesterday's negative 120 plus.Let's look at both the chartsSTI under going some correction for now. Looks like...

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Some sharing

Sorry for not updating yesterday.Not been active in the market for these 2 days, esp today. Can't even be bothered checking my watchlist as I'm currently not trading warrants. Why not? Been on a losing streak so I thought I could rest my mind for a while, for a break.As I mentioned earlier, I noticed that US market and regional bourses have nothing to do with each other already. Dow closed positive 80 yesterday and look what HSI and STI did. They corrected quite badly, with hsi -120 and sti -41.Dow didn't look too good tonight, but seriously,...

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Warrant scare

What a trading day...Had another scare of my life today trading warrants. This is how I see it today. Dow closed badly last night at neg. 80 so I thought today we should we seeing some corrections. Not those major ones, but at least intermediate in strength because of the underlying strength in both hsi and sti.So, I was tempted to buy puts in the morning but luckily the slow internet connection sort of saved me from buying. In the end, I waited...

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STI and HSI broke all time high

MM Lee made a comment on Sat/Sun that the corporate tax rate for singapore companies would be cut by a minimum of 1%.Look at where sti stands now. It was up 72 points, the biggest I've ever seen since I've traded. The market shows a lot of things to me. I heard that the biggest ever single day increase was in 1987 (coincidentally the year where dow jones crashed badly in the infamous 87' Oct crash), where it rose 107 points in a single day.I have every reasons to wish STI to correct soon. The more important one being that I had bought put warrants...

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Portfolio bleeding: TR = neg $7.5 k

I bought some call warrants for hsi today after hsi opened. I don't dare to buy before market opens because I've seen too many days where hsi broke expectation and trade in the opposite direction before. So, I'll play safe.I bought 10 lots at 0.64 and another 10 lots at 0.625, averaging down to 20 lots at 0.6325. Detected some weakness so I sold when I just break even at 0.640, getting some small profit of $60. It rose much higher than that, but...

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More cut losses for hsi put warrants

Went to work, when I came back, my put warrants for hsi sank. Sigh..Things like this happen to me very frequently these days. I cut loss, making some painful losses. But I still cut loss happily, I think I'm getting the hang of cutting losses now. Just cut, don't think, next time try again but learn your lesson well.The lesson is that I'm betting against the trend again. I keep on anticipating hsi to correct but the bull keep on coming. With the dow closed negative, the bull also came. Almost everywhere is green...really what is happening? China...

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Cut losses triggered

Today I had to cut loss on a number of stocks because my stop loss has been triggered.Never had the discipline to exercise my cut loss, so today, having to cut 2 of my stocks is really an achievement. I believe it will get easier over time and through time, I'll find a good stock that runs instead of me cutting loss.First to go is fabchem. I never knew why I bought it in the first place. I detected strong selling early in the morning, and in fact...

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Good and bad trades today

No charts today.Did some good and bad trades. Bad trades because it's something that is not planned for. Sigh..greed greed..Firstly, bought some put warrants for hsi around 1130am, when the market is near high. Don't know why I got the gut feeling to trade puts even when it's climbing. I must be really sieow. Anyway, it turned out well. I basically sold it because I need to go off and I'm sick of staring at the price all day. Bought small small, 5 lots at 0.225 and 5 lots at 0.220, so average down buy price is 0.2225, total 10 lots. It's small...

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Ellipsiz looks a bit worrying

Had a wonderful trading day today.Did all I had to do, nothing more nothing less. Both stocks that I bought, longcheer and ellipsiz are doing well, especially longcheer. Looks ready to break resistance. Ellipsiz a little worrying, because throughout the day,I saw it trying to break free of the 0.785/0.790 area, eventually closing at 0.79. Hopefully all the sellers at 0.79 are cleared and it can get ready to cheong up to 0.825 and above.HSI went...

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Lunch time thoughts for the day

Today I started out feeling very sure of what I wanted, having done my homework last night.Talk about my favourite longcheer first. Opened at 1.24 but I didn't jump in to buy because I'm not sure of the volume and strength yet. Due to dow's last fri surge, there will be morning reaction until around 930am or later. So bought 5 lots at 1.23 around that time. On hindsight, I would have bought after hsi opens and pull back a little. Around 11, longcheer went down to a low of 1.21 and it represents a very good entry point because it is so near to...

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Other charts analysis

Other stocks analysisDoing this for a friend. At the same time, practising my charting techniques too.Biosensor weekly chart shows that it is consolidating and not moving up or down. A bollinger squeeze is already in the making, so I should expect very strong movement up or down. It has been consolidating since july last year, so any movement will be a big one. The problem is deciding whether it's up or down. Looking at weekly, stochastics seems...

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Longcheer analysis

Longcheer analysisLearnt a few neat trick, so going to try it out on longcheer now.I drew a support line way back from mid 2006 at 1.18. Since it has been tested multiple times, I'll say this is a good and significant support. Longcheer has tested the dynamic resistance provided by the trendline (slanted line) and pull back all the way near support at 1.18/1.19. Look at the candlestick pattern, it is a tweezer pattern confirmed by white candle with...

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TR: neg. $6k

I'm still sitting on the sidelines watching because I can't trade.Let me share with you my analysis on longcheer and hsi. Let's do the Longcheer first.Longcheer has completed its exhaustion gap. What's a exhaustion gap? It exists when a stock keeps going up and up until it runs out of buyers, so there's nobody to push the price up anymore and it'll drop. It will drop below the trendline on low volume then resume its uptrend when it has rested enough....

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Reflection of my costly mistake

I'm on the sidelines watching today.I can't trade cos my contra loss exceeded a certain percentage of my trading limits, so until I paid off my losses, I can't do a buy in. But I can't pay until they bill me right?? According to my experience, it might take 2 to 3 days. Good time for a break lah anyway..I took the opportunity to do some studying of hsi. Last time, I bought warrants without looking at overall market trend and betted against the trend....

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TR: neg. $6.8k

I heard a lot of pple kena killed today in the market.The sudden and vicious drop in shares price caught many unaware, including me. I didn't expect hsi to continue dropping for 3 consecutive trading days. Almost wiped off 600 to 700 points in 3 days. That's like crazy..Not in a mood to discuss more. I'll just say when I think about longcheer. Longcheer dropped another 0.030. All expected, though the magnitude of the drop isn't what I expected. But the selling is on a decreasing volume so I think shouldn't be a cause for concern. Stochastics dropped...

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Painful lesson learnt

Painful day for me..Cut loss at .049 after hsi opens. Made a loss of 5.3k. My most heavy loss ever!This lesson must be learnt sooner than later: CUT LOSSES PROMPTLYToday is a bloody red day worldwide. Almost all the Asia pacific bourses fell. I'm talking about quite a major correction, not those little tiny correction. Has it started already?Thailand is really screwing everyone in asia. Everytime they do this kind of control in their control, the world's market crashes. First was the asian financial crisis in 1997, then last year dec, then now...

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Longcheer analysis

Longcheer analysisI pretty much said it in the charts already.Time to weigh the evidence:1. It seems like price did not rebound off trendline today, so a possible exhaustion gap is in the making. Which is one of the scenario that I said might happen yesterday. If it's an exhaustion gap, then I think price will go down further, reverse, then cheong past the trendline and carry on the uptrend from there. Looks like more downside to go, but should...

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Why could'nt I cut losses?? TR: neg $2,850

Hmm, wonder what's wrong with hsi.In the morning, evryone is rushing to buy call warrants. The price shot up even before hsi opens. But within a few minutes of market opening, it crashed down and never really recovered. I bought 15 lots at 0.665 and another 15 lots at 0.660 before hsi opens. If I sold off before it opened, i'll have made a good profit. Greed greed greed is the downfall of many, including me. I thought hsi would stand a good chance to recover from yesterday's fall but nope, it fell even another 130 points.This caught me by surprise....

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My amateurish longcheer analysis

This is my attempt at predicting price movement. Pls don't attempt to follow this, caveat emptor!LongcheerLongcheer is going to touch the bottom channel trendline. This trendline happens to be the ema20 days and it had been tested 3 times as shown in the chart. SO, it should be a significant dynamic support line and I believe it should hold. A possible alternative is that it might go slightly below and whip back up on what is known as an exhaustion...

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Total returns: negative $520, made 500 on put warrants

Later in the afternoon, I went in for another trade. This whole day, I've been buying puts and not calls because I feel that the general direction of hsi today is down.I bought and sold my put warrant in less than 10 mins to earn around $70 more. The money is not the point, the experience and confidence gained in following your analysis is the ultimate gain. Let's look at the reasons for the trade:1. I bought at the blue arrow. At that time, ema...

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New stuff: charts reference!!

I learnt from my lesson last week. This time I'm going to be even more serious in my postings, in order to benefit fully from writing this blog. I've downloaded a free screen capture software and I'm going to post down the screenshots of the charts I used so as to act as a future reference for my trading. This is also to understand better why I did the trades.Since dow closed negative 80 last fri and nikkei is on holiday, I bet that hsi will open...

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Earnings nosedived to negative $620

Okay, bad trading day extends over to dow too. It is now around -80 plus. I hope hsi direction would be clearer on monday. I hope it's a day for put warrants.Reflecting on the afternoon's episode, I think I'm getting greedy. There are chances where I could have cashed in on my warrants and earn some money, but I kept thinking just one tick more. This is irrational. Next time, I'll try not to be greedy, it's just something that I have to fight back everytime.Most important of all, do not put more money when the bet is wrong. JUST CUT LOSSES! It's...

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Very very bad day

Bad trading day.Could have earned 100 plus dollars and ran away feeling happy, but I traded more and lost even more. Sigh...1. Buy 10 lots at 0.6752. Sell 10 lots at 0.6953. Buy 5 lots at 0.674. Buy 5 lots at 0.685. Sell 10 lots at 0.676. sell 15 lots at 0.7057. Sell 10 lots at 0.7108. Sell 10 lots at 0.7259. Buy 25 lots at 0.7510. Buy 10 lots at 0.755It's so painful to type this out.. I could have made some money on trade 1 and 2 alone and leave but no, I acted out of character today. What's worse was trade 6 to 9. I don't even remembered pressing...

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Total returns for a bad selloff day: $1,470

A correction that is due had arrived. As I type, dow was down 60 points. Tmr should be another red red day I suppose, unless dow wants to make a U-turn in the middle of the night again? A correction now is better than rising all the way and crash down hard.My stocks got battered hard. Haha, what rose up quickly also fell down quick, like longcheer. Yesterday it was up by 0.060, today it closed down 0.030. Shake off some weak holders to prepare for the real surge, I hope. Yellow page is a big surprise though. Rose up by 0.040. Really something...

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Close shave for warrants...made $130

Had a close shave today..phewWhat a suprise that dow closed only +11. When I slept, it was still hovering around 100 points. A turn of events when fed released their minutes. Hmm... It turns out to be a red red day, except nikkei. STI dropped substantially, almost all the stocks in my watchlist are all negative. My holding stocks included. Longcheer reached skyhigh to 1.35 before falling to the present 1.28. Only one that stayed the same is yellow pages. Not suprisingly, because yellow page is not active too when the bull runs.The close shave...

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Total returns: $1,920

Wow, sti closed at +52 points, a really roaring start to a new year!I wonder how sti would fare tmr. More imptly, how would hsi fare tmr? Tmr shanghai, shenzhen, nikkei would open, together with dow tonight (so far +70), so I hope it'll cheong even higher tmr. I'll be home to check out the action till afternoon.Excellent showing by longcheer made my portfolio gained massively for this first trading day of the year. Longcheer gained 0.060, and I hope it'll carry on the momentum. Short term charts is very positive, showing more upside to come. Pac...

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Earned $140 from warrants : )

I didn't follow what I said last night when I wrote that I won't be trading today. The feeling was just too strong to ignore. So, before I went to work, I just bought half my usual size of call warrants and hope for the best.When I came back, it was slightly negative. Could have made around 700 if I'm around. Sigh, days like these made me think if it's worthwhile to earn $70 in 3 hrs (for work) compared to $700 in just one morning. I stil love my job, but knowing that you could be out there having an easier life earning more money makes me think...

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Total returns for new year 2007 : $420

Had a wonderful new year!So wonderful that I'm slightly flu-ish from too many outings and parties. However, I managed to do some wonderful stuff to my spreadsheet for my stock portfolio.First of all, I revamped the entire formula calculator to make it more efficient in calculating. Now, it's much easier and faster to get the bottom line profit/loss. In the midst of doing this, I also found out that I miscalculated some of the buying charge and sell charge of my holdings stocks and did the corrections. It's not much, thankfully, otherwise would...

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