Archive : Trading

China Shineway has been down trending for quite a while and I have kept it in my Hong Kong shorting watchlist. Coupled with the uncertain market conditions and the low confidence level after Fed’s announcement, I did not hesitate to enter a short position when China Shineway break trough today....

The Dow industrials closed above 10,000 Wednesday, ending at the key psychological milestone for the first time in more than a year, following upbeat profit reports from Intel and JPMorgan Chase. The Dow Jones industrial average (INDU) rose 145 points or 1.5%, finishing at its highest point since Oct....

Losing money or having no additional funds to trade? To me, it has to be not having enough funds to trade. Losing is part of trading, either I make a mistake or the market forces me out. Trading is not about how much I can win but how much I am prepared to lose. As Keane always advice us to take care...

Looking at the chart, it shows that STI has not been able to breach beyond 2,700 for almost 2 months now. With all the failed attempts, it seems that it has formed a double top which signal caution trading to me.  The next support at 2,560 is starting to look a little bit vulnerable especially with...

Ezion closed today with a super long red bar today after STI shed more than 40 points. This stock has been testing my patience when it went sideway for weeks. The 0.745 trough was breached today and triggered off my Stop Loss @ 0.74. Outcome of this trade is a loss of 0.034. Time to look at other charts...

Yanlord has been trending up nicely since March and took a breather in August. The K Line has declined to a low level as well, which almost looks like a classic S3 stock. From 2nd September onwards, there were 3 days of bullish bars that indicate strong momentum. Looking extremely potential to break...

Olam announced Issue of Convertible Bonds which supposed to be a good news but I guess people do not like it when Company start to raise funds. To make things worse, all the indices were in blood red at the same time. Olam gapped down big time to 2.30 when market reopens. I have forgotten to set an initial...

I have not been posting my trades for a long while and it will be really tedious to track back. Hence, I will start by posting my current trades onwards. The most recent positions are SATSVCS, Ezion Holdings and Olam. SATSVCS SATSVCS broke its 2.32 peak and continue rising. I got in at 2.36 and was...

I have only traded once in December and it turned out to be a bad month for me. Shorted Keppel Land @ 1.32 and was taken out shortly. What a way to welcome Christmas by chipping in money for Mr Market’s Christmas gift. Anyway, Merry Christmas to all! Position: Short Enter @ 1.320 / Exit @ 1.400 Difference: -0.08

Being Deepavali – Public Holiday today, there is no action with SGX today. Whereas Hang Seng went on falling to a level never seen since 1997..the Hong Kong Market responding well to the sell off in US markets last friday..wow..maybe this holiday is a blessing or else SGX will be brought down too. Now,...