Heart pain pain

Finally, turn on my charting software 2 days ago after a hectic week in Taipei and oh gosh... I have missed close to 25 strong signal from my setup to short last week!!! And i guess most of you who trade would know i have missed out on what could have been a great run :(

Notable includes Straits Asia, Noble, Olam, ST Eng and more and more... These are 20% move.. What a painful lesson this is, i promise i will scan every trading days from now on especially when i am not in the mood which is usually when i missed out on great trade (murphy's law??)

Anyway, i have decided not to look at the past with sorrow and look forward positively. Enter 2 short positions today which retrospectively is kindof forcing the issue as they are already in the downswing when i pull the trigger and the risk reward ratio is kindof low. So let's see how it turns out...

1) YZJ

2) Wingtai

Quick thoughts to share

Currently in Taipei for project with no mood nor time to analyse the market.. Just wanna share a quick one with you guys my thought with the recent rally..

"Patience is a virtue because it's much wiser to miss out on the best if it helps you avoid the worst..."

Looking at the current market... Using another quote from some old wise man..

"If it looks like a duck and quacks like a duck, chances are it's a duck."

Happy trading :)

Important couple of days going forward

Just did a scan of the end of day (EOD) of today charts. As expected the resistance level of many counters works like magic and most of them retreat around their resistence points. Now the next couple of days will be fairly important in determining the short term market direction. If it can

1) make higher low = short term bull
2) retreat from resistence and close below 8 EMA = short term bear

As a swing trader, i will go with the trend which is down.. I have identify a couple of counters which are favorable shorts from a risk reward prespective.. Here goes..

1) starhub
2) straitasia
3) wilmar
4) SIA
5) Sembcorp
6) DBS
7) Noble

Remember.. Set your stops with enough width to cater for the volatility to prevent false shake out which also means proper position sizing must be consider b4 you pull the trigger... LAI LAHHHH

Singtel?

Time to give Singtel a kick down?? :P

StarHub as well?? Well, has a higher risk as it is showing signs of going sideway with rsi trading above the 60 range as well as low vol on the pullback.

Olam looks yummy as well @ 1.15 range to gun down

5 seconds

Was up late last night catching F1 final race and boy what a race it is.. My heart goes to Massa who totally deserved the championship this year.. But guess life is fair and unfair in certain ways.. Well some might feel the winner is Lewis who totally deserved it last year.. The sight of joy turning to tears of sorrow in a matter of a 5 seconds swing disturbed me.. Somehow that swing tells us the power above acts in a strange way...

Back to stocks.. 5 mins and not 5 seconds in this volatile market can makes a difference btw a winner or a loser for intraday trade.. This rally is really kicking.. Noble grp broke 1.08 and move up higher b4 pulling back and closing at 1.08.. If it broke and closed above that tomorrow, we could be looking at it moving to the next resistence which will be around 1.30.. Hmmm.. Should i go for a quick intraday trade?? :P Finger getting itchy to pull the trigger..

"God gave rock and roll to you, gave rock and roll to you. Put it in the soul of everyone" - Kiss :*