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In most advanced countries, their trading platform will include many features, such as GTC, MO, LO, Stop Order, etc. So I agree with you.
keepnosecrets ( Date: 17-Sep-2009 10:48) Posted:
Really sad..we in Singapore are not so good in IT applications. Or do they purposely deny you good facility for their own good, puzzling aiyo.
keepnosecrets ( Date: 17-Sep-2009 10:34) Posted:
| Problem of implement cut loss in your trades is due to lack of good softwares at the trading platform. So you have to do it mentally and sometimes you are unable to do it owing to a fast moving maket. Is there a good solution to that |
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Really sad..we in Singapore are not so good in IT applications. Or do they purposely deny you good facility for their own good, puzzling aiyo.
keepnosecrets ( Date: 17-Sep-2009 10:34) Posted:
Problem of implement cut loss in your trades is due to lack of good softwares at the trading platform. So you have to do it mentally and sometimes you are unable to do it owing to a fast moving maket. Is there a good solution to that?
richtan ( Date: 17-Sep-2009 10:12) 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 |
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current levels 88c to 1.04 represents a 18% upside!!
richtan ( Date: 17-Sep-2009 10:26) Posted:
TECHNICAL VIEW by DMG:
James Limjames.lim@dmgaps.com.sg+(65) 6232 3892
Midas Holdings: Targeting the 1.04 level
Wave 1 03 Mar 09 16 Apr 09 0.33 0.56
Wave 2 16 Apr 09 28 Apr 09 0.56 0.42
Wave 3 28 Apr 09 13 Aug 09 0.42 0.905
Wave 4 13 Aug 09 02 Sep 09 0.905 0.81
Wave 5 02 Sep 09 (ongoing) 0.81(ongoing)
Significance Price Details
Resistance level 1.04 100% fibonacci move of Wave 1
Current level 0.88 Closing price of MIDAS on 16 Sep 09
Support level 0.84 Confluence of 14, 21 and 50-day MAs
Wave Count is bullish.
As seen on the table above that depicts our Wave Count, Midas Holdings (MIDAS SP) is presently riding on a Wave 5
that is expected to propel the stock further.
Additionally, the bullish moving average crossover seen recently in the MACD chart also suggests that share price
is poised for more upside.
We therefore are technically positive on the stock.
Targeting the resistance level at 1.04.
As the price movement of Waves 5 usually equate to that of Waves 1 according to Elliot Wave guidelines,
resistance and target for Midas is therefore seen at the 1.04 level [ (0.56 – 0.33) +0.81 ].
Meanwhile, in the unlikely event that share price turns bearish, support is expected to be robust at the 0.84 mark
as represented by the confluence of the 14, 21 and 50-day moving averages.
From a fundamental view point, we have a price target of S$1.05 on Midas Holdings based on 22.5x blendedFY09/10 P/E. |
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Problem of implement cut loss in your trades is due to lack of good softwares at the trading platform. So you have to do it mentally and sometimes you are unable to do it owing to a fast moving maket. Is there a good solution to that?
richtan ( Date: 17-Sep-2009 10:12) 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 |
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TECHNICAL VIEW by DMG:
James
Limjames.lim@dmgaps.com.sg+(65) 6232 3892
Midas Holdings: Targeting the 1.04 level
Wave 1 03 Mar 09 16 Apr 09 0.33 0.56
Wave 2 16 Apr 09 28 Apr 09 0.56 0.42
Wave 3 28 Apr 09 13 Aug 09 0.42 0.905
Wave 4 13 Aug 09 02 Sep 09 0.905 0.81
Wave 5 02 Sep 09 (ongoing) 0.81(ongoing)
Significance Price Details
Resistance level 1.04 100% fibonacci move of Wave 1
Current level 0.88 Closing price of MIDAS on 16 Sep 09
Support level 0.84 Confluence of 14, 21 and 50-day MAs
Wave Count is bullish.
As seen on the table above that depicts our Wave Count, Midas Holdings (MIDAS SP) is presently riding on a Wave 5
that is expected to propel the stock further.
Additionally, the bullish moving average crossover seen recently in the MACD chart also suggests that share price
is poised for more upside.
We therefore are technically positive on the stock.
Targeting the resistance level at 1.04.
As the price movement of Waves 5 usually equate to that of Waves 1 according to Elliot Wave guidelines,
resistance and target for Midas is therefore seen at the 1.04 level [ (0.56 – 0.33) +0.81 ].
Meanwhile, in the unlikely event that share price turns bearish, support is expected to be robust at the 0.84 mark
as represented by the confluence of the 14, 21 and 50-day moving averages.
From a fundamental view point, we have a price target of S$1.05 on Midas Holdings based on 22.5x blendedFY09/10 P/E.
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
I am nice not only to you but to everyone in SJ. Most stocks are in uptrend and Midas is no exception. Of course the chart looks good, but Midas must break 91 cents before it can steer clear of deep waters. Anyway, beware this stock is being programmed by bigtimers. If you buy, don't uy too much, because they will let go to you if they know you can't hold too much, and then try to take away from you again. Not joking. Tried before and lost abit, but after knowing their ways, make a little bit back.
risktaker ( Date: 17-Sep-2009 09:18) Posted:
be nice to me, maybe then midas will up up :)
keepnosecrets ( Date: 17-Sep-2009 08:36) Posted:
| Risktaker, don't tell us your time is expensive when you are posting all over and just trying to evade the question Ben is asking. |
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i put the chart into test. I sold 10 lots at price of 0.88 two days back. Today again 20 lots at 0.885, all snapped up in less than 10 mins.
risktaker ( Date: 17-Sep-2009 09:18) Posted:
be nice to me, maybe then midas will up up :)
keepnosecrets ( Date: 17-Sep-2009 08:36) Posted:
| Risktaker, don't tell us your time is expensive when you are posting all over and just trying to evade the question Ben is asking. |
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After buying a stock that is 'uptrend', just remove it from watchlist. Leave the playground to all those so call big boys or small boys play until they tired, then come back to play again. :)
be nice to me, maybe then midas will up up :)
keepnosecrets ( Date: 17-Sep-2009 08:36) Posted:
| Risktaker, don't tell us your time is expensive when you are posting all over and just trying to evade the question Ben is asking. |
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Risktaker, don't tell us your time is expensive when you are posting all over and just trying to evade the question Ben is asking.
Lets see if this burger can really close above 0.90 today. Not shorting this burger today, got warning from my friend NOT to.
Hi All, rich tan and poor tan and risk taker and risk giver, thanks for all the contribution, it was worth waiting for.....laffing to the coffee shop liao....may even turn the condensed mlk on the string into gold....hehe
Yup, I have waited for a long time for this jump...will jump higher, why because you say so....haha..
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.
I will short this burger first thing in the morning
There was rumours that Midas will be investing in Batam and Bintang. So, they may buy land from Gallant. That's why both Midas and Gallant share moves. For Gallant, they had not been selling land for a long long time, so this news just spur the share price today.
This is just rumours that I heard, do your own homework before buying.
only selected china counters moved today.....MIDAS see the way it move, i think something is cooking....maybe already contracted some jobs thus 1st hand infor ppl are buying.....or there is a leak of "good" news.....same as China Sport as well....
if you are not BB and you say that you know BB techniques, then probably you are shooting air again... <----- So you believed i am not a magician :)
8am to 5:10pm is very expensive lol you cannot imagine one
bennykusman ( Date: 16-Sep-2009 18:51) Posted:
ristaker, dont get hot.. im purely want to exchange thought.. take it light. regarding to ur #1, first, you are magician and there are movie in the national geography that reveal how magic works.. if you know the magic, means that the magic is not magic... A magic only can be known by one person coz if known by 2 person, it;s called 'sharing' everyone's time is expensive coz in a day, all has the same 24 hours.. so it's expensive.. yes, im new to stock trading.. how long have you been trading ? does the longer time means that you will be better trading ? i have a friend trading for 5 years, until now still learning.. im also still learning... if you are not BB and you say that you know BB techniques, then probably you are shooting air again... personally, i think this stock can jump to $2, but not easily (u wrote easily). it take time and time... if your time is expensive, then dont bother to reply this msg.. im afraid cant pay for it... hihih
risktaker ( Date: 16-Sep-2009 18:44) Posted:
1) Let me ask you will a magician reveal its trick to the public ? Other magician will gang and condemn you if u do. I am not a BB just know the techniques and recently I share a simple trick with you guys already.
2) Richtan is doing well with its Chart and TA, the other guy Bintang is as good as richtan. You do not need Chart and TA expert with these people around but none on this forum think like a BB :) My time is very expensive lol
3) The way you talk shows that you are very new in stock trading.
4) Techniques ------ it varies from individual BB The only thing i can say is Share = Poker game. Midas has strong fundamentals so you dont have to worry. Like i say previously it can touch $2 easily. Follow Richtan chart on this. I say sell if it cannot hold 0.90 because you can still sell high and buy low again. Thats all. Think carefully my friend dont just jump into conclusion
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ristaker, dont get hot.. im purely want to exchange thought.. take it light.
regarding to ur #1, first, you are magician and there are movie in the national geography that reveal how magic works.. if you know the magic, means that the magic is not magic... A magic only can be known by one person coz if known by 2 person, it;s called 'sharing'
everyone's time is expensive coz in a day, all has the same 24 hours.. so it's expensive..
yes, im new to stock trading.. how long have you been trading ? does the longer time means that you will be better trading ? i have a friend trading for 5 years, until now still learning.. im also still learning...
if you are not BB and you say that you know BB techniques, then probably you are shooting air again...
personally, i think this stock can jump to $2, but not easily (u wrote easily). it take time and time...
if your time is expensive, then dont bother to reply this msg.. im afraid cant pay for it... hihih
risktaker ( Date: 16-Sep-2009 18:44) Posted:
1) Let me ask you will a magician reveal its trick to the public ? Other magician will gang and condemn you if u do. I am not a BB just know the techniques and recently I share a simple trick with you guys already.
2) Richtan is doing well with its Chart and TA, the other guy Bintang is as good as richtan. You do not need Chart and TA expert with these people around but none on this forum think like a BB :) My time is very expensive lol
3) The way you talk shows that you are very new in stock trading.
4) Techniques ------ it varies from individual BB The only thing i can say is Share = Poker game. Midas has strong fundamentals so you dont have to worry. Like i say previously it can touch $2 easily. Follow Richtan chart on this. I say sell if it cannot hold 0.90 because you can still sell high and buy low again. Thats all. Think carefully my friend dont just jump into conclusion
bennykusman ( Date: 16-Sep-2009 18:28) Posted:
ristaker, no offense in the beginning... i just love to exchange thoughts.. but, u keep saying BB and BB, i think that SGX top 20 vol PROBABLY got BB also.. so, i think BB is there all the time.. what kind of idea do you know about it ? if you dont share, ppl will thought that you are just shooting hot air, bullshit.. so, at least u share, im not sure how u get the title 'veteran' but posting such post in this forum... why BB dont please when u share their techniques ? and what techniques is that ? i think all BB have same techniques and all these techniques probably can be found when you google.. there is nothing new in the market world..
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