Reflections on my past year of trading

It's been 1 yr and 1 month since I started trading in stock markets.Overall, it's been a humbling experience. You learn about life faster through the stock market. You realise that when you're high up, you shouldn't be too smug and arrogant, because when you're up so high, you're oh-so likely to go down. When you're down in the dumps, don't worry so much, because if you're at the bottom, you can't go anywhere but up. Life's a series of cycles, constantly moving between up and down - very similar to technical oscillators for stocks.I started buying...

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Labour day's market....boring

HSI didn't close positive.I was told that HSI follow Dow more closely than it follows Shanghai, even though it should have more correlation with Shanghai because of its ties.Oh well, bumber. Shouldn't have touched warrants..sianz... Anyway, still holding on. I won't sell this week unless something really bad happens. I'll probably wait till next week when the majority of markets world wide is open. I'm not sure if HK opens on Wed, but I'm pretty...

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HSI intraday watch

HSI crash quite a bit today, with me still holding onto its warrants...sianz..China raised the reserve ratio for banks to drain liquidity because of the excellent Q1 growth of 11% (i think so). They didn't increase interest rates, so it would be taken as a soft measure to curb growth. Accordingly, Shanghai bourse is up 1.18% (+44 pts). I wonder why HK is not following. Hit and go below support of 20200, then rebounded now. Hopefully can clear resistance...

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Remembering (Se souvenir)

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Dow intraday analysis (opening & closing)

Never mind about STI, another time, another day. Quite a bad day for me, sianz..Let's focus on Dow intraday analysis.Again we see a triangle formation. Dow jones will trade within the triangle until it breaks out of it. However, unlike the last time I did an intraday analysis on Dow, this time the triangle is symmetrical. This means it have equal chance of breaking upwards or downwards. Hard to say which one by looking at it alone.I have really...

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Boring trading day

Sianz... My stocks very funny one. If market crash, they tend to do better. Esp Swiber. Swiber goes up when general market is down, but goes down when general market is up.This is the trades I've done today:Bought 5 lots of SP Chemicals at 1.37 due to breakaway gap on news of very good quarter earnings. Sold at 1.35 because sell pressure is too high. Huge blockup at 1.37,1.38 so I cut loss.Bought H40W hsi call warrant, 5 lots at 0.585 because Dow...

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AUSGROUP - breakaway gap trading

Shit lah, never get any IPO shares for Foreland fabritech. I bidded 35 lots, still never get any. I heard the strategy is to bid 1 lot, because there's quite a number of cases where people actually bid 1 lot and get 1 lot! Almost like striking 4D. It's 21.4 times oversubscribed, sure open much higher than 0.21 cts IPO price...well too bad.The good thing is that today I bought Ausgroup. After being informed by Joshings from cna forum (an excellent...

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Swiber rallied again!

STI hit 3360 before rebounding close to 3400 before closing down -13 today. Volume is rather low, half of average volume over the past couple of days. Down day with low volume is actually a good sign, which means this might just be a normal pullback after breaking record high.Swiber went up as high as 1.90 before closing +0.110 at 1.850. This is on an interview with Swiber reporting that they are looking for partners to enter the middle east area within this year. Just last week they reported opening a branch at brunei to get more contracts for...

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Closing analysis of Dow jones intraday

This posting is just to close off my Dow analysis last night.I saw a descending triangle formation last night before I went to sleep for intraday Dow jones. I knew that that probability of it breaking out of the triangle on the downside is higher than the upside, simply because it is a descending triangle where lower highs and lower lows are registered.What I didn't expect to see is that even the timing of the breakout is sort of accurate. If you...

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Some thoughts on dow jones intraday

Just saw the dow intraday, and recognised some formation, so thought of sharing it here to practise too.Joining the peaks and troughs, we can a triangle which is descending. I think this is a bearish formation because it achieves the most basic of trend analysis - lower highs and lower lows means downtrend, while higher highs and higher lows means uptrend. A descending triangle means a lower high is achieved with lower lows.This kind of formation...

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Sold off longcheer

STI closed +27, but I wasn't happy with the closing.Dow closed so strongly, and we did it so feebly. Nikkei and HSI shows very weak response too. That's a sign that I already predicted - positive closing on Monday, but subsequent drop for rest of the week.STI is supported by stocks that are going to XD soon. I think without these counters, we would already have turned down. Weakness is detected throughout the counters on my watchlist and nothing seems to really move. When pennies start to occupy top volume, do be careful, because it means that...

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Earnings release dates for this quarter

SINGAPORE (Reuters) - Following is a list of the upcoming release dates for the quarterly earnings of top Singapore-listed companies. All dates are confirmed except those marked by an asterisk (*), which means this was the date when the earnings were released in 2005. The first list sorts the companies by expected release date. The second list sorts the companies by alphabet. To submit a date, please mail: mohaini.ibrahim@reuters.com DATE COMPANY NAME RIC PERIOD ----------------------------------------------------------------...

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STI analysis

Decided to do some detailed analysis on STI.Above is the weekly chart of STI. We can see a bearish candlestick formation - bearish engulfing. Of course bearish engulfing candle stick doesn't mean it will actually happen but the chances is that it might. If formation is true, that means the next week we'll see STI going down since we're using the weekly chart. I believe Monday STI will gap up due to strong Dow showing on Fri (+150) but might show...

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Rebound

Haha, market rebounded!STI sitting on uptrend line. Immediate resistance at 3375 need to be overcomed, then subsequently, the new high at around 3450 needs to be broken in order to reverse the downtrend. We could be in triangle formation, with STI bouncing in between the upper and lower trendline. This just means more volatile trading sessions next few weeks until we find a direction.Based on today's high volume rebound, I think underlying trend...

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STI fell 109 points

Humpty dumpty had a great fall today.China postponed its GDP to after market close, so speculators are thinking that perhaps the GDP is too high so the govt will impose interest rate hike or whatever means it can to curb the excessive economic heating. Apparently, this action is supposed to stop the market from crashing but well, it still happens. If i remember the last 2 interest rates hike, it drop, but it rose to even greater heights.Setting...

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Golden rules of investing - from BT

Golden rules of investingDANIEL BUENAS advises investors not to forget that there is a creed they should live byPAY, salaries and jobs - these have been perhaps the hottest topics of discussion in recent weeks.Every other day we read articles and hear stories of how much some fresh graduate is earning at his new job as investment banker, or how our aunt or uncle made a killing on that high-end property he or she flipped.And with the stock market soaring to new peaks, some of us must surely be feeling a little left behind as others all around seem...

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Why didn't midas breakout? C'mon

STI down by 14 points today. For today and the past few days, 3400 seems a strong support. STI always bounces back upon touching 3400 intraday. But having tested support for 3 to 4 times, I think run out of steam already. If 3400 broken, next level should be around 3300.Swiber continued the surge upwards after pulling back to 1.56 before closing +0.030 to 1.65. I lost count how many consecutive days this stock rush upwards already. Should be hitting...

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Bought midas

STI today went down to touch 3400 (around) before rebounding slightly to close +1.17 with rather high volume.Today is quite an exceptional day unless you are holding STI index stocks. Big rally day for pennies and subpennies, with many many of them breaking their all time high. Jiuitan, midas, swiber, swissco, csc, yongnam...my god, i can't even look fast enough.While the mood is exceptionally bullish, we must all bare in mind and keep our exuberance...

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Bought CSC holdings today

STI rose up by 40 points, covered gap already, so should be positioned for more upside. It better clear 3440, otherwise STI will form a lower high. That could be bad. Charts wise, all the way! Volume is very high :)Next resistance for STI at 3440, support at 3370.Regionally, Nikkei and HSI went up 260 and 416 respectively. I haven't been monitoring HSI for a long time since I swore off warrants. Haven't been touching any warrants since I last sold...

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Rotational play

STI down by 47 points.Looks like support at 3400 is not significant after all. If it doesn't act as support, it just means we have more room to do down. The next point I'm look at will be around 3345. That's the gap that we have to cover, as mentioned in previous postings. It's only like 30 more points to go, so not a problem.Actually this pullback, unless you're holding major STI index stocks like CDL, capitaland, DBS and such, shouldn't affect the rest of the people. Most pennies cheong. In fact, rotational play seems to be at work, where different...

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STI down by 2.0

STI is finally down after so many days of consecutive up days.Down by 2, haha! What's more impt is the fact that intra-day, STI went down to 3400 before doing a rebound towards the latter part of the day. This should validate 3400 as a support level. Looking at RSI, it basically hovers around 40-50% zone. If you notice carefully, RSI is actually rising very gently in the morning till market closes. That's a very good sign that today's selling is...

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9th day of up days for STI

STI went up again by 22.6 points on rather high volume. Such strength in STI, hmm...As we go on climbing up despite the psychological resistance at 3400, bare in mind this: there is a gap at 3345 that needs to be filled, unless this is yet another breakaway gap. All indicators point more upside to come, though I think a pull back at this point to cover the gap will be healthier for future growth. Candlestick chart showers a top tweezer pattern,...

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STI up by 54, minister pay up by 60%

Woo woo...sti cheong so much :)Up 54 points to a nice nice number of 3400.00 exactly. Usually round numbers are psychological points of resistance, so we might pull back tomorrow. Dow's looking very good now though, so it might hit above it before a healthy pull back.All the property stocks got a boost. Capitaland up 0.30, CDL up 0.40. Basically almost all the stocks went up, except my Swiber :(. I think swiber went up too fast last week already, well, it'll have its day, so I'm not worried. Tomorrow is my contra day up, so I might decided to...

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Happy easter fri!

HK closed for easter holiday today, leaving nikkei to drop by 50 pts, while STI gained slightly by 13 pts.It's impt to take note of the whole movement of STI today. In the morning, STI drop to 3320 before rebounding up to 3345. The last high before the Feb sell off was around 3320 too. This means that we have a higher high with the previous high as a support - which is a good sign we are going bullish for the time being. Haha, that's all I have to say today. My total loss of this week stands at: 24.3 k.------------DBS might issue new and cheaper...

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What kind of people am I voting in to represent me in parliament?

Taken from yahoo.REALLY MAKES MY BLOOD BOIL!! LOOK AT THE BOLD PARTS!!SINGAPORE, April 5 (Reuters) - The salary of the prime minister of Singapore is more than three times that of U.S. President George Bush and about four times that of Japan's Prime Minister Shinzo Abe. But that is not enough.Singapore's Prime Minister Lee Hsien Loong may soon be getting a hefty pay rise as part of a controversial ministerial salary hike that has infuriated many Singaporeans.Lee, who is estimated to earn about S$2 million (US$1.32 million) per year, said last...

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Dow up 128 pts

No need to argue with the market.Yesterday I saw dow cheong up so much on released data that the subprime woes might not be so bad afterall. Add to that the news that oil price came down a little, and viola! we have dow rising up to 128 points.Of course asia markets will follow this big brother. Everyone cheong up, with STI closing at record high of 3332, a gain of 44 points. Volume is a respectable 2.4 million. I queued to buy swiber again at 1.34, 5 lots and got it. Swiber closed at 1.35, with intraday high of 1.40. Huge buy ups for this counter.Is...

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Warning signs

Warning signs flashing again.STI went up with lower volume again. There's a whole lot of bad news on US side but market doesn't seem to acknowledge that fact and keep going up. WITH LOW VOLUME. Alarms bells went off in my head again.I'll be cautious for this month. Earnings seasons for singapore side is over. I don't foresee any good news coming up, esp with Iran-UK-US tension and rising oil prices. Iran threw stones and flash-bangs at UK embassy...

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