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STI to cross 3000 boosted by long-term investors
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wishbone
Master |
04-Dec-2011 18:57
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If one can only be discipline, I repeat DISCIPLINE, no matter whether cut loss or trailing stop, just follow the game plan as originally planned before entering any trade it will take the emotion away and trade with minimum stress. Simply, Cut Loss is to preserve the capital if one is wrong on the trade and Trailing Stop is to ride on the profit (in the uptrend market) and shall there be a reversal, be it for slight dip momentarily or actual continuously down trend, once the target for trailing stop is set, JUST DO IT - DISCIPLINE. Well it is always easier to say than done!!!! You are right that many can not overcome the emotion/greed or rather overcome the devil inside oneself to do just the planned action. 
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Sgshares
Elite |
04-Dec-2011 18:20
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Big events out of Europe in the coming week include a possible interest rate action from the European Central Bank on Thursday and a summit of European leaders on Friday. Even U.S. Treasury Secretary Timothy Geithner is getting in on the act, visiting officials from the ECB and Germany on Tuesday, French and Spanish officials on Wednesday and Italian officials on Thursday. |
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iPunter
Supreme |
04-Dec-2011 14:27
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Like I said many times before, every single moment in the market continuum is a nail-biting moment of uncertainty and guarded apprehension. And human nature (vanity, pride, ego) ensures that it is not easy to tackle itself (ie. human nature)...  |
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KiLrOy
Master |
04-Dec-2011 14:26
Yells: "I buy only what I can see." |
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Victor Tan is right. Trailing stop would also take away the emotion as well (Just dont put funny(greedy) trailing stops).
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victortan
Master |
04-Dec-2011 14:16
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Just have a trailing stop, but problem is that ppl are greedy, so let greed takeover, so sooner or later profit all gone and turn to loss. got profit ,hit trailing stop just take. That is the purpose u are buying share. Why be afraid that after you sell, it go higher. Let the other guy have some profit also. Much better than got stuck and sitting on hugh losses. Never be too greedy, be just greedy will do.
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KiLrOy
Master |
04-Dec-2011 14:09
Yells: "I buy only what I can see." |
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The applicable context to " let profits run" would be when its trending NOT during a consolidation phase (where its ranging or under a whipsaw condition). To exit a profitable trending trade, one will technically use trend indicator such as ADX to determine the strenth of the trend.
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iPunter
Supreme |
04-Dec-2011 12:25
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" Letting profits run" is a very good rule to live by. But in practice, let it run to where? It's rather easy to get whipsawed out on the trailing s/l. Also, the profits can easily run away like an eel too... lol... |
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alexchia01
Elite |
04-Dec-2011 12:20
Yells: "Catch The Stars And Ride With Them" |
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It's kind of difficult to tell where market is heading. It would be good if market can rally for another week. However, I'm not buying anything next week, just to let my profit run.
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iPunter
Supreme |
04-Dec-2011 11:51
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Sifu is thinking along the right lines... Apparently something does not seem right, cos the Dow/S& P500 was initially chionging very fiercely during early and mid-session and then later pengsan till it closed negative. The market relies on there being no bombshell announcements (eg pengsan banks, etc), if not, it can indeed purge (lao sai). But no one knows...
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belgeran
Veteran |
04-Dec-2011 11:23
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does sifu think next week will still be a " lao sai" week? apparantly the nice jobs creation no. has some rather bad statistics in it..
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iPunter
Supreme |
04-Dec-2011 08:14
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Sifu is right... If there's no big rally or no big " Chiong Aaaarrrhhh!!!" , then where got any good juicy meaty opportunities?... lol...
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rabbitfoot
Veteran |
04-Dec-2011 00:24
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if you see the daily stochastic, you will see that STI is neutral and not overbought. how can you use the monthly stochastic spread over 1 year to forecast the sti on monday ?
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rabbitfoot
Veteran |
04-Dec-2011 00:23
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if you see the daily stochastic, you will see that STI is neutral and not overbought. how can you use the monthly stochastic spread over 1 year to forecast the sti on monday ?
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belgeran
Veteran |
03-Dec-2011 23:06
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hmms.. market already priced in the good us figures? maybe big buyers waiting for ppl to sell themselves out then, wipe them all up? or what's your view ipunter sifu?
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iPunter
Supreme |
03-Dec-2011 21:56
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Something is odd ... The Eurpean markets all " " Chiong Aaaaaaaaaaarh!!!" But the Dow closed red instead on Friday... how come? And there was also great US job figures out too... I had expected the Dow to rise at least 400 pt... |
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iPunter
Supreme |
03-Dec-2011 20:12
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Those who hold long positions will be angry with bullish people... Those who hold short positions will be angry with bearish people... lol... ...
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New123
Elite |
03-Dec-2011 18:40
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quote- today Sat paper BERLIN (picture) flatly rejected any quick-fix ideas to try to resolve the European financial crisis, telling lawmakers yesterday that treaty changes and stricter controls were the only path forward — and that the process could
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56mimosa
Member |
03-Dec-2011 18:38
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Weekly Technical Update - DJIA, S& P500, STI The analysis below was taken from : http://marketwizardsllp.blogspot.com/ Dow Jones Industrial Average  The massive rally last week took place within a large downtrend channel.
Friday, the index attempted to break the downtrend line but failed. It
closed the week with a long legged dogi in evening star position while
Stochastic is overbought. We should see some retracement next week to
the respective support levels marked in the chart above. Breakout above
12300 is unlikely but would be a strong bull signal which will
invalidate the bearish view expressed earlier.
The STI has about 10~15 points more before touching the downtrend
resistance line. Late buying interest Friday afternoon lifted the index
to close above the positive territory. There may be residual momentum on
Monday morning pushing prices higher before the index begin to test the
downtrend resistance line.
Overall, I am bearish bias for the week ahead.
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Sgshares
Elite |
03-Dec-2011 16:53
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I bet STI will end green on Monday. Just my opinion. | ||||
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tanglinboy
Elite |
03-Dec-2011 16:47
Yells: "hello!" |
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x 0
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Chill lah.. this is a public forum. No need to get so angry. Christmas is coming and holiday season is here! |
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