New Year, New Beginning

It has been a while since the last i blog. Been busy with a go-live of an oversea project as well as a long overdue 2 weeks holiday with my other half which i truly enjoyed myself :)

With the time away from the market, i come back certainly refreshed and recharged. However, i decided not to dive directly into it upon my return even though the market is charging ahead that period due to the following reasons:

1) I would need to ease back and form my opinion of the market (i.e. gain that "feeling") before committing the hard earned $$ into the market
2) The market has already charged up a fair bit and i would need the market to retrace and confirm the short term trend change before committing to go long. (I don't wanna make the same painful mistakes in which i basically chase mindlessly during rally fearing that i will miss out on the fun)

I have to admit i was extremely tempted to go long on a couple of counters to trade on the short term trend change when it start retracing 1.5 weeks ago. But i tell myself i need 2 criteria to be met:

1) White candle/hammer forming on heavy volume
2) Price bouncing off on key support level

And what a right decision that is!! The white candle never come and support level was broken!! That is the cue for me to take action finally... My first trade for the year!! I went short instead 3 days ago on 3 counters. It was already pretty late in the fall and therefore to increase my margin of safety, i selected counters with the next support level pretty far off

1) Suntec Reit
2) Keppel land
3) HKEX (listed in HSI)

It has been rewarding so far with all 3 positions in the money :)
A great start to the year which of course i hope will continue.. HUAT AHHHH

"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight" - Jesse Livermore