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Tuesday, January 25, 2011

Kepland Hit Support for a Bounce

On 13 Jan, Kepland had a nice breakout, and the next day government announced to lift levy on properties sales. It was selling off immediately after the announcement. What does it tell me?
- Don't ever show hand
- Manager your risk, only trade within your capability
- Get out immediately if your are wrong.
- No one method is perfect, be it Technical or fundamental

9 comments:

Anonymous said...

can you teach me how to short sell?
(contra)

SgTrader said...

short as opposite to long, means u sell first buy back later. two ways to short:
1. short use cash account, sell and buy in the same day.
2. CFD: u can short sell and buy back one day, not neccessary in the same day( hold long term)

Anonymous said...

only one day?? not t+3?thank you.

SgTrader said...

by one day i mean in future, u can hold ass long as u like

SgTrader said...

contra period is 5 trading days. but not for short

Anonymous said...

for short is within the day but buy would have 5 days.am i right?

Anonymous said...

thank you.
YZJ and indo agri is already oversold. the charts are also looks nice. but why the prices continue to drop...i'm so worried...

SgTrader said...

it will wait for u to come out then rebound...it happens most of the time=)

Anonymous said...

Yes, KepLand made a nice bounce. Formed a Homing Pigeon bullish reversal pattern supported by 100d SMA, and gapped up today.