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be patient.. midas has to break 90.5 to fly further up...
road block :)
My advice (but decision yours, dyodd n BOSAYOR)is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:
3) Cut losses short n
let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price
baniel ( Date: 22-Sep-2009 09:49) Posted:
Historical strong resistance around 0.900/0.905...... wonder if I should sell and take small profits, or WAIT.... |
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i sold close to 1000 lots at 0.905 :)
risktaker ( Date: 22-Sep-2009 10:07) Posted:
Remember what i say in previous post :) If it cant hold 90.5 cent = SELL |
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Remember what i say in previous post :) If it cant hold 90.5 cent = SELL
Historical strong resistance around 0.900/0.905...... wonder if I should sell and take small profits, or WAIT....
i saw midas as Wilmar when it's announcing its listing in China (or in HK ? i cant remember), the price always go up, from 5 dollar to 6 dollar now.. would that come again ? or ?
tankuku ( Date: 22-Sep-2009 09:37) Posted:
Be cautious. BB may sell and small investor may buy at high, get caught.
Trade with cautious.I |
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Be cautious. BB may sell and small investor may buy at high, get caught.
Trade with cautious.I
Weishen81 is so hardworking and already buying books to read. I am still only learning from the website like tortoise. LOL
richtan ( Date: 20-Sep-2009 22:55) Posted:
Hi weishen81,
I m glad for u tat u are trying to pick as mush knowledge as iu can n bot those books n visited those recommended websites.
So sorry tat I dun know of any methods to learn virtual trade with SG stocks.
Wat I did to practice wat I learnt n refine n hone my skills is to read how other analysts n TA websites eg: ttp://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show&disp=p analysed n also self pracice by pulling out any chart, cover up thecandles n test my knowledge n predict the next day price action n then reveal the next day candle to see whether I m right or wrong, if wrong, where did I go wrong, but of course, at times we might be right but the price action the next day shows us wrong as the mkt at times are weird animal or we failed to identify tat is a fake candle eg candle body size, vol, divergence, etc n thus importance of setting stop-loss is crucial.
weishen81 ( Date: 20-Sep-2009 18:41) Posted:
Hi Richtan, thanks once again for your help. Trying to pickup as much knowledge as possible. Have already bought some of the books that you recommended in those earlier posts, visiting the websites like oilngold to learn more about TA.. Is there any methods to learn virtual trade with local SG stocks? becos i opened an account with OptionsXpress, but their platform only allow Virtual Trade with US stocks..... Anyone knows? OK thanks richtan! Much appreciated. Hope to learn from you again if I need help. Have a great week! 
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Richtan,
Congratulatoins!
Below is my long=term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs
tat intentional bad deeds will accumulate for yourself and possibly your next generation,
"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly
post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

richtan ( Date: 22-Sep-2009 09:14) Posted:
My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:
3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price
richtan ( Date: 22-Sep-2009 09:12) Posted:
  
Midas now up on extremely high vol exceeeding last Friday's vol within 10 mins of trade.
Patience does has its virtues.
The tortoise will eventually win the race.
"Trade Summary" at this point in time shows extremely heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:
WEIGHTED AVG PRICE : 0.8955 |
LAST DONE PRICE : 0.905 |
SPREAD/PRICE RATIO : 0.0055 |
AVG TRADE SIZE : 89.126 |
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Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs
tat intentional bad deeds will accumulate for yourself and possibly your next generation,
"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly
post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

bennykusman ( Date: 22-Sep-2009 09:17) Posted:
the resistance $0.905 has been broken.. richtan, can post another chart ? thanks for the chart.. has been reaping goood one coz seeing ur chart..
bennykusman ( Date: 22-Sep-2009 09:14) Posted:
midas is planning to listing in Hong KOng...
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ya, i hope midas will cheong like Wilmar ...
richtan ( Date: 22-Sep-2009 09:18) Posted:
 The hopeless 1 lotter (noise creator only) had gone into hibernation like the bears
bennykusman ( Date: 22-Sep-2009 09:14) Posted:
midas is planning to listing in Hong KOng...
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the resistance $0.905 has been broken.. richtan, can post another chart ? thanks for the chart.. has been reaping goood one coz seeing ur chart..
bennykusman ( Date: 22-Sep-2009 09:14) Posted:
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My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:
3) Cut losses short n
let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price
richtan ( Date: 22-Sep-2009 09:12) Posted:
  
Midas now up on extremely high vol exceeeding last Friday's vol within 10 mins of trade.
Patience does has its virtues.
The tortoise will eventually win the race.
"Trade Summary" at this point in time shows extremely heavy buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:
WEIGHTED AVG PRICE : 0.8955 |
LAST DONE PRICE : 0.905 |
SPREAD/PRICE RATIO : 0.0055 |
AVG TRADE SIZE : 89.126 |
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THE GIANT HAS AWAKEN!!!!
up "God"
risktaker ( Date: 22-Sep-2009 08:39) Posted:
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