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68021-68040 of 69565
The Dow's 136 pt rise to another new record high of 13090 last night portends good for the stock markets.
Some "cheonging" should take place due to the resulting reduced pessimism.
Thanks IPunter. Try my "cat and mouse" strategy!
Livermore...
Agree with you... :)
And the experience one gains from the 'adventures' is valuable too, although it can be stressful at times.
Wish you the best in your trading... :)
I am playing a "cat and mouse game" with the share price during the initial buy phase. Let me explain.
Case 1
I averaged up on ASL Marine from 90c to $1 (consolidation phase) a few months ago. But instead of taking off from $1, it turned back down to 95c. So what I did was sold off 25 lots at 95c so I get a profit from the earlier lots I bought earlier. Those 25 lots are meant for me to cover my positions and see where the share price wants to go. If it goes to 85c, I buy 5 lots, if it goes to 80c, I buy another 5 lots. But notice during the market crash, ASL Marine only went all the way to 88c. It is now $1.24. Although with margin account, I don't need to sell off those 25 lots, but it is important to exercise discipline and play around with the stock price from only the lots you accumulated from 90c to $1. I will only buy more when the share price crosses $1. That is why I have the habit of buying share price at a higher price. The reason is to cover my positions I bought earlier.
Case 2
I averaged up on Swissco at 59c, 66c, 72c and 74c. It then went all the way to 77c but I stopped averaging up already. Then it went down to 74c during the recent market crash. I decided to sell off those lots I bought at 74c. If it had gone down to 72c, I might let go those I bought at 72c. It is "cat and mouse" game. Swissco is now 80c.
Don't always monitor and monitor the share price. Some say "I have missed the boat". If the boat is going to "Alaska" and it is only at the "South China Sea" after leaving "Jurong Port", have you missed the boat? Don't wait till the boat has reached Alaska, then the white polar bear will say to you,"You have indeed missed the boat!".
If you analyse Case 1 and 2 carefully, I am actually a very careful investor. It is not easy trying to time the market. But I know a margin account gives me a lot of room to corner the share price with my "cat and mouse strategy" during the initial buy phase.
But once the share price decides to fly off, I don't do anything else. Just sit back, relax and do nothing. Just monitor.
If the market rises strongly 'without apparent reason', then simply rejoice and stop wondering why it rose... :)
As long as it keeps rising, there's joy...
No need to crack our heads analyzing why... :)
Dow steadily rising, but I thought US home sales fell, so what's pushing the market up?
The Dow is +26pts now...
Hope it closes at another record high... :)
DOW and FTSE both quite red now... :(
Dow futures point upwards. If true, STI may continue rally tommorow
Notice STI down but most marine stocks all bull. I mentioned previously that marine stocks are the laggards
The rebound seem not strong enough today
This afternoon market action will belong to the pennies again. The market now is flushed with liquidity and with profit taking on pennies are over, we should see a rebound later. 20 mins to showtime!
Market suddenly revive again!
althought the volume is low .. is it a sign that the big player is slowly unloading their holding ?
Hope the market recovers in the afternoon...
Agree!
Today market is down but volumes are low. A good sign! Its a minor correction only!
Able to reach 3400 for the day should be a good performance. Volume is above 2 billion and value is close to 1 billion --- purchases are mostly on mid-cap and second tier stocks. Anymore upside will depend on Dow tonight.
Volumes today are phenomenal! Already 2 billion shares traded liao!
Today, open with Ooomphh!! then go limp... :(