Worst thing of a trader

The worst thing for a trader is to be ill discipline. A trader must have a plan and the intention to follow the plan. When the cut lost price is hit do not even hesitate to cut lost. What if the price hit the cut lost price and bound all the way up is always the question people think about...but what if the price hit and continue to go down. You cant trade base on hope or luck, THIS IS NOT GAMBLING!!!!!YOU HAVE TO PUT ALL THE ODDS TO YOUR SIDE BEFORE YOU DECIDE ON A TRADE!!

There is nothing as give the stock some chance to move, bcos stock never give you chance. And who are you to give them chance?? DO YOU HAVE AT LEAST 1 MILLION BUCK ready to go into that particular counter???ARE YOU IN CONTROL OF THE MOVEMENT??If not pls play by the rule.

Just imagine you are a casino, you have all the odds on your side. As long as the market is there you win. But if you are the person going into casino, then is a different ball game altogether, you are bound to lose.

Trading record

Cut lost
Noble cut lost 1.67
Straitasia cut lost 1.94 on 15th

Profit sold
ezion 0.68 on 16th
ezra 1.87 on 15th
Kepcorp 8.82 on 15th
cosco 1.52 on 15th

Current holding
CSE global
Indoagri


Trade miss
I miss the Emini S&P 500 last fri as i was out... omg

Let take a look at some chart

MSCI Singapore


Exhaustion gap on the 14th, short MSCI at 348.5

STI



STI too have similar pattern

HSI



HSI have already break down from the price action.

DOW



A long bar down

A buy = a sell...if you buy who sell?that is how i know shorting can take place despite alot of people are buying
I dont favour any trend, any trend that help me make money that will be my friend. The trend is your friend, dont have to be loyal to bull or bear. Just need to follow whoever that lead the way.

I am a technical trader

I am a technical trader. I use mainly W%, price action and chart pattern to trade.
MACD at time will be used. I too use Adv/Dec, ROC to determine trade.

Price action is basically represent the psychology side of the trade, while indicators like W%, RSI etc represent the technical side of the trade. So by using this 2 different approach to look at the entry and sell price is quite accurate. I find using W% and RSI to predict the trend of the market movement is not that accurate as these indicators uses price to predict price.

If trading futures, pls also consider using COT. This is the fundamental of the contract.

if interested to know more pls contact me, my email is leow_yan_xiang@hotmail.com

Profit sold

Sold NOL @ 2
Sold midas @ 0.93

Both sold on PROFIT

Dow Jones Industries

Look at Dow...a downtrend. The index is going through a shoulder test.

STI

Let have a look at STI. There is a possible head and shoulder forming. The right shoulder is forming soon or may not formed. But the rate of change of prices are going down