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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

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9 comments:

  1. AnonymousTuesday, January 25, 2011 10:35:00 AM

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

    ReplyDelete
  2. SgTraderTuesday, January 25, 2011 10:55:00 AM

    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)

    ReplyDelete
  3. AnonymousTuesday, January 25, 2011 10:57:00 AM

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

    ReplyDelete
  4. SgTraderTuesday, January 25, 2011 10:58:00 AM

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

    ReplyDelete
  5. SgTraderTuesday, January 25, 2011 11:21:00 AM

    contra period is 5 trading days. but not for short

    ReplyDelete
  6. AnonymousTuesday, January 25, 2011 11:38:00 AM

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

    ReplyDelete
  7. AnonymousTuesday, January 25, 2011 1:35:00 PM

    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...

    ReplyDelete
  8. SgTraderTuesday, January 25, 2011 1:38:00 PM

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

    ReplyDelete
  9. AnonymousTuesday, January 25, 2011 9:33:00 PM

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

    ReplyDelete

Thanks For Your Insightful Comments!