My game plan for next week is to seek bullish exposure on any weakness on monday.
Thursday, 27 September 2007
Wednesday, 26 September 2007
In scanning thru chart setups to trade i can't help but notice that there's of a lot shit stocks that are making huge moves, especially in the chinese names. Now, in my experience this kind of speculative behavior means two things.
1: Hedge funds are playing catch up by ramping up momo names to juice up their sagging portfolios.
2. We are closer to the end of a rally. That doesn't mean that we sell-off hard and go into a bear market. It just means that we'll probably start a correction. (mostly likely scenario).
That's how i use excessive speculative behavior by spotting signs of complacency, greed and exhaustion and to start to trim down long exposure and develop a more conservative posture.
1: Hedge funds are playing catch up by ramping up momo names to juice up their sagging portfolios.
2. We are closer to the end of a rally. That doesn't mean that we sell-off hard and go into a bear market. It just means that we'll probably start a correction. (mostly likely scenario).
That's how i use excessive speculative behavior by spotting signs of complacency, greed and exhaustion and to start to trim down long exposure and develop a more conservative posture.
Tuesday, 25 September 2007
Monday, 24 September 2007
Wednesday, 19 September 2007
Two excellent trades in LDK that worked right away today. Netted 5K on the trades. And took some home with me as it closed near the highs of the day, strong mrkt and looks poised for further gains.
Good trades work right away. A losing trades will languish around and do the exact opposite of what you expected. Gotta get out right away at small losses as soon as you realize these trades are losers. It takes less than 5 minutes to find out.
Monday, 17 September 2007
Today i had a nice trade in BIDU that started to make money within a few minutes after i entered the trade. These are the kind of trades successful traders need to be looking to enter.
The clock starts ticking as soon as the trade in on. Time is of the essence. I buy a stock because i expect to make money and good trades get the job done right away and if the stocks doesn't start to pay up right away then the trade needs to be terminated or it will turn into a loser fast, tie up valuable capital, and bring out amateurish trading behaviors.
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