These days, I haven't been really interested in finding out in detail about my personal financial statements. I mean I do record all my expenses in excel in my hp and track my cash in and out of my account but I do so out of habit and discipline. This is rather different in the past. Instead of feeling the passion and excitement whenever I tallied up the numbers at the end of the month, these days, I'm barely interested in even transferring the information in my hp to my computer. I wonder why there's this sudden disinterest in doing this...okay,...
Thursday, July 28, 2011
Tuesday, July 19, 2011
The 2% / 6% rules
I was reading my usual diet of blogs when I chanced upon OT's comments on this article, regarding Elder's rules in his sell and sell short book. It mentioned that there are two important rules to follow when trading:
1. Limit your loss on any trade to 2% of the equity in your trading account
2. Whenever the value of your account dips below 6% of the closing value at the end of last month, stop trading for the rest of the month.
The 2% / 6%...
Saturday, July 16, 2011
Difficulty of arriving on time
Recently, I had a class which I arrived earlier than the scheduled time. I was early by 10 mins but the parent questioned me on why I was so early. In the end, the parent told me a whole lot of story about how the child had to rush back from school and had to run back and that it was so worrying and all that. After all that, she reminded me to try my very best to be on time.
Maybe that parent had been too used to driving, because if she had taken...
Tuesday, July 12, 2011
Charts with potential for reversal
Listed out some charts that have the potential to reverse. It's okay to buy when it's expensive, just make sure it's reversing when you buy them.
Noble is showing my favourite setup - breaking downtrend line combined with an impending bullish divergence on macd histogram. I'll look at it when the time is ripe.
** Updated on 12-July after market close:
NOL is dropping too fast. Let's see how it finishes its divergence before deciding...
Thursday, July 07, 2011
First reit
First reit weekly:
Daily:
First reit had been very good to me, with its high dividend yield and the very low capital cost after the rights exercise. But I had parted ways with it for the time being. The charts both at weekly and daily level doesn't look good. Both weekly and daily show a bearish divergence with today (7th July 2011) showing relatively higher volume plus a doji (you candlestick experts might have a different name for it, pardon...
Monday, July 04, 2011
Mentor-student relationship
I was thinking to myself about my motivation to share with people about my little knowledge in the stock market. It takes time, energy and effort to go back and fro in the cbox after working for a good part of the day. The time spent could be used to do the things that I like - reading, watching drama series, playing games and to basically relax, so the opportunity cost is actually quite substantial considering that after the whole exercise, I ended up not indulging in my own relaxation time and actually feeling more tired and drained. But don't...
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