Hey folk
I am stop out for a few positions. Nevermind this is trading, and you have to play with the rule and never be emotion about it. You won't be 100% right all the time, always keep your lost small and let the winner run. That is when you can have big profit.
Overall, the uptrend is still intact.Look at the weekly and monthly chart and you will see that it is still a uptrend. The drop on Wednesday simple do not have any reasons for that. Remember one buy = one sell, so if there are so much selling who is buying?
For those who have trading platform that can assesses to insider trade, you will notice some very interesting fact, the insider always buy at times when the public do not buy and they sell when the public are buying. Having said that, those who do not know how to read this data please do not try to buy when nobody is buying because it may mean the drop is not the end. So make sure you understand them before applying them.
Like i say before, trading is more about you understanding the game than the money. If you focus too much on the money, then your money will be channel to people that know how to play the game. IF you dont like the game, then invest in other things, like endowment plan, unit trust etc.
Genting to me is still a promising stock. strong support at 1.98, next level at 1.92 then 1.88.
