In my previous email, I have mentioned that STI was oversold. And with that, STI came back up and closed at 3018, breaking past the pyschological mark of 3000, and the gap at 3030. At the point of writing, STI is now at 3043, up…
Category: SG Stocks And Shares
STI opened 50 points above, this forms a nice weekly hammer candle. Yet it is still early to celebrate for the week has not ended yet. Now assuming it closes high as a nice hammer, it should rally for 1 or 2 more weeks. Otherwise, it may co…
Another notable concern is the side effects of quantitative easing. The wealthy have benefited from central bank purchases of financial assets. This has widened the wealth gap and fuelled the rise of populist and nationalist-led regimes. The danger of such regimes is the higher chances of conflict within and between countries. Two years is an eternity for most of us “investors”. Foreigners’ tolerance for U.S. government bonds despite a $1tr fiscal deficit will always be artificially high. The US dollar may be flawed, but it will be hard to lose its global reserve currency and trade settlement status unless a better liquid alternative is found. Therefore, for run on Treasuries to materialise, it needs to be accompanied by higher risk-free yields appearing out of Europe and Japan.
The backdrop for equities in Singapore is turning weaker. News flow is negative as the trade spat worsens. And as we enter U.S. mid-term elections on 6th November, we expect the market to trade even more cautiously. Other economic conditions are not encouraging. We can expect emerging-market economies to weaken as their currencies get pummelled. The slightest signs of higher imports or weaker trade balances will result in the selling pressure on their currencies. Near-term solutions for emerging markets will be contracting consumption and raising interest rates. In developed countries, with the exception of the U.S., Europe and Japan are stuttering. Our position is to remain defensive.
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UBS Aug SG market wrap summary
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An amateur doesn’t spend much time in watching charts as he doesn’t know how to interpret it. But he does put in a lot of work and effort in forums and blogs, looking out for advice from experts. Most traders tend to be successful at this point of time in their career as they do trust and follow expert advice meticulously. It is mostly because of this initial run traders get lured into trading fraternity and want to take up the career.
A few behavioural characteristic questions include:
- “So the DBS shares, if S$20 can buy?”
- “Market good or bad now?”
- Will market crash in 2019?”
- “What is the best stock to buy?”
- “Which shares can short to make more money?”
- “I bought Singpost at S$2, should I still hold?”
- “How come today ST Engineering did not rise in price?”
….and the list goes on.
It is very very hard to answer such questions in the office with limited time over the phone. Though I am happy to share, but the phones are reserved for placing trades during office hours.
And worst kind of questions I ever encountered in my line of work,
“How come you as my stockbroker did not stop me from buying this share? Now i lost money because you didn’t stop me?!” 😑
We all start somewhere, and whatever we learnt we should give back for free. This is the exact reason why i started this blog.
An intermediate trader watches the chart incessantly as the euphoria of learning and understanding the intrinsicality of the market will be overwhelming.
However, the incessant gets transformed into addiction and result in over-trading. The intermediary period can be either the dawn or dusk of any trader. It is the trader’s innate trait of will and resilience to find a way out from the slump and revamp his trading strategy and attitude. The quicker the trader identifies the problem of chart watching, the merrier. But, what happens in most cases is that the traders compensate the loss with more hard work — chart watching which is like adding salt to the wound.
With these above points mentioned, it is also interesting to note that many people tend have associate more computer screens equivates to more powerful and effective trading.
So what if you can see so many charts? Do you have sufficient response time and effort to key in such trades? Likewise usually market is forward looking, trying to catch that quick trade may result in accidentally losses due to maket swings.
Thus with such common impression, those selling trading courses will insert such photos for marketing purposes. This blog does not sell trading courses and I am happy to take any questions, or if you are keen to open a trading account with me. And I would like to reiterate again.
Many many monitor screens is good to have, but it is not a must have. And for me, I only have 2 computer screens.
He/she who watches the chart only for analysis and only during pre-trade and closes the chart post-trade is the expert. The expert watches only till he makes a trading decision. It is irrelevant whether the decision can be right or wrong, but the maturity to digest the loss is important. If a trader follows a risk-reward ratio of 1:3, he will be profitable even with a 30 % success rate. But it is essential to follow a system for achieving that kind of success.
It is a surprising fact, contrary to many biased views, housewives or working ladies are usually better traders than guys. (That explains the picture above.) It is a combination of rationality and probability that makes up major part of their trading strategy.
Case in point, my most sucessful client trades only 5 types of company shares; DBS, Singtel, Venture, SGX and SIA.
Yep, 5 companies only.
She buys, holds and sell at times depending on the market flow. It is very interesting as well as exciting to see her work. I enjoy exchanging trading ideas with her.
Snippets of conversations sharing her views:
In conclusion regardless which types of trader you are, we ALL can be expert traders. We just have to improve and change consistently according to the market. Understanding ourselves is one important key factor to being a successful trader.
Some of the trading courses out there teaches swing trading, day trading, with some certain “X-factor” and whatnots. If you really have no idea how the market works, I think such courses will help you to gain some insights. BUT you have to remember this;
If these trading gurus are really that profitable, they should not be teaching courses but trading more frequently in the market.
For my followers who have been following this blog, I would like to state that this blog does not sell trading courses. I am happy to share always, and that is the purpose of this blog: To share, network and exchange ideas with everyone.
Any comments please leave it on the page below, or on our Facebook page
Singapore Medical Group (SMG SP) – S$0.46We re-interate our buy call for SMG belowhttps://sgstocksandshares.blogspot.com/2018/07/singapore-medicalgroup-smg-our-view.html We had previously stated that we will adopt a dollar cost averaging for this,…
Some details of my trades:Monthly Change Total Profits:Welcome all to join me and win together.Refer to this post for steps to copy my trades.http://sgstocksandshares.blogspot.com/2018/08/5-steps-to-copy-trades.html
Copy my trades and win together.Before you start, make sure your have 2 things:A FX trading account ready with at least S$ 1k funded.MT4 or MT5 software installed. (https://www.metatrader4.com/en/download)Step 1:Click on this button here above.This wil…