The Art Of Growing Money

RSS Feed Homepage

Articles: 1, 2, 3, 4, 5, 6, 7

Dubai shocker and what i will be doing
2009-11-29 15:24:00
On this night, i shall write about my thoughts on the latest market shocker... Dubai to delay payment on its US$60B debt. Global markets had already been greatly shaken. STI will open Monday and it's direction is highly anticipated to be down, the magnitude is everyone's guess though. Next question will be... is this Dubai a non-event? Or a perfect reason for prices to pull back? Is this the end of the bull?Firstly, my opinion on the fundamentals is, US$60B is chicken feed for UAE to rescue it. Surely we saw how the government in a concerted efforts print hundreds of billions in 2009? Also oil-rich state? How to go belly up? Then the news say, it's the repercussion that they are worried about. Hmm... recent years, i didn't read about any major interests in that city... they are neither key exporters or importers in global economy. however, as a green horn, i shall watch how the market reacts to it. STI breaks 2700 points... should i be happy since in my earlier posts i...

Supports are still holding
2009-11-04 15:22:00
Hello everyone, i'm sure you have noticed the decrease in frequency of me updating on the market. To the minimum, i'm trying to update at least once a week. This is the best i can offer as i no longer have the energy to multi-task so many things. Thus, the weekly update would be the most significant as we look beyond the daily noise. There are many methods to make money in the stock market, some like the excitement of intra-day trading, some may like to contra but i like to ride trends and trade according to market directions. Many months ago, I was busy shorting a bull market at it's infancy stage, each time i covered my shorts, i would often time have to turn long to cover back my losses. As soon as the market turns soft, i would try to short again. In short, it is by far a "eat pig, pay dog" experience. Few weeks back, there was a Saturday night where i spent hours reading my trading diary in 2006... and i saw how i learnt from the market and what were my mistakes. One ...
More About: Holding

Watching Property sector carefully.
2009-10-26 15:26:00
STI went jelly legs but can i complain? At least we went the opposite of the "expected" sell-off after a horrid Dow closing last Friday. Things i like currently is selective plays are still alive. Bluechips though dead and quiet for some time but i can start to feel it coming. So long the supports are holding across most stocks, especially bluechips. This is a bull market to me.As my title suggest, this is the one sector caught my attention purely on T.A. As we all know, the recent news about the property sector is prices are softening. Today i saw how nice Capland and Citydev moved, i cast my eyes on Hobee and Hongfok. Both stocks came up in my XPertTrader screening. However, i am seeing mixed trading from last week's results and thus this is inconclusive if we are breaking higher. The only consolation i seek is STI is above 2700. It will be interesting if i see the prop sector leads STI convincingly.I am still holding on to CDL and Hyflux. Nothing uncomfortable abt th...
More About: Property , Watching

Look out for the next hot sector
2009-10-18 15:19:00
Stubborn 2700 was taken down finally last week. It is highly important to me that we stay above it this coming week. What we are seeing now is that it is coming down to test the previous resistance as support. Faith will be tested. Should investors sell in earnest, then it may bring us below 2700 once again. What i think is we need a strong upward movement motivated by a strong Dow to set us up for an uptrend. Plenty of important results are up next. It seems like companies are continuing to beat estimates. This sets me thinking....I have one trading idea to share. That is to search for the sector which delivered the most solid result last reporting quater. Their charts may be consolidating now waiting for the next annoucement and we must beat the market to it by discovering it and buy it first. For i notice, before the result is anounced, the share price may have already rallied.I am still holding on to my CDL and bought Hyflux during last week's weakness. I akin Hyflux...

The double top feeling
2009-10-11 16:56:00
What do you see in a market when they rally on lighter volume? Especially if they retest the previous high on lesser volume? With major dow components reporting results, this could be a turbulent week. According to the news, market is looking for better revenue and not just better profit margins from reducing expenses. It will be very obvious if i see a candlestick reversal pattern right at this level. It will mimic summer'08. Financial shares seem to be weak and no sign of life as yet. Properties still lacklustre.. they exhibits the rebound with lower volume mostly. With these two sectors resting.. it's no wonder we are still shy of 2700. If you look at STI's chart, each day we gap up only to close weaker. Is this persistent selling? If we don't stay afloat 20MA, this may be where market test 2520. Otherwise, i will take the next higher low as another cue to add more long positions in this bull market. My CDL finally broke higher. I set my sight at 1.80 and applyin...
More About: Double

Finally it happens; 50-MA next
2009-10-04 09:48:00
Alot of people has been asking where am i... why wasn't the blog updated. I think September summed it up very nicely, boring month! Over the last 2 weeks, did the market really moved? I think not... most of the stocks are like what my friend aptly described, vampire kind of movement.. jumping at the same spot. Thus i adopted a wait and see attitude, quietly observing what the market is trying to do. In between, i found time to travel on business trips and doing some family stuffs. If i have no trading ideas, what is there to share right? Surely we don't want this blog to turn into a travel blog? hahaLike i said in my last update, unless i see my CDL makes money, otherwise i shan't add on. It doesn't make sense to put good money after bad when the obvious was i didn't get the direction right. Though i must admit, certain stocks look to be luring me to put on a second trade. But i was wary of the after-effects of the bearish divergences which was so obvious in alot of cha...
More About: Finally

STI tries to scale 2700 once again
2009-09-22 16:29:00
In the previous 3 attempts, STI failed at 2700. In what looks like a Ascending Triangle, amazingly we are gonna try it for the 4th time. Will it be 4th time lucky? Indeed market has been rather sluggish these days. I rather wait at the lower range then to get caught at the high again. The last sell-off saw me scurrying for cover. This time round, i picked a short long and covered my HSI short position at a loss. I thought i would be killed after 21k broke out, looks like heavens gave me a chance to run and i gladly did so.Of the list i posted last week, the stock i went long is CDLHtrust. Looks like my luck is changing as it is still near the entry price and slightly into profit. But i ain't gonna count my chicken before it is hatched. I wouldn't even consider getting into a second stock at this level. Market is sideway and i thought it only make sense to buy low in a trend, and if there is no trend, avoid buying at resistance is the least i can do. To me, i still have ...

Beware - Do not own the stocks i am eyeing
2009-09-16 15:54:00
Tonight I present something that has been missing from this blog for a long time - GrowMoney QuickPicks. Please pay special attention to these stocks because these are the stocks i am eyeing. At this stage, you do not want to hold the same stocks that i am in because i am not at the best of my luck. Thus good luck to you if your stocks is one of the following.... haha GrowMoney QuickPicksAusgrpBakerTechCDLHTrustF&N China SkyEpureJiuTianLiHengOther than F&N, the rest are pennies. I think the play is still in the pennies. The fact that the bluies are not running is still a warning to me. My strategy is to long just one of them.... this first win is what i need to know that i am on the right track. China pennies are particularly cute because of their National holiday is coming and also upon seeing HSI breaking key resistance. Having said that, isn't it wierd? With FTSE and HSI breaking into new highs... Nikkei and Dow still ai mai ai mai.... Bluechips really is lacklust...
More About: Stocks , Beware

Market Tangos Sideway
2009-09-15 16:22:00
Market continues to tango sideway with the exception of Property sector still as weak. The morning gap up couldn't sustain and there was no catalyst to spark the sell-off as yet. I couldn't believe my luck when i saw that HSI will resume trading only in the afternoon. Indeed it is a grim reminder to myself to tone down and not be too agressive in trading. Why no typhoon recently and so coincident ah? I opened a position and there u go, HSI morning session closed.Anyway i am sticking to my short for now as 21k looks to be selling off everytime we trade there. Is it luring shortists? ot is it ready to kill longists? Market seems to be waiting for some news.. the better than expected US retail sales couldn't spark a rally... i need a set of bad jobs data for now on Thursday.. :PStraitsAsia: MTL level coming up... my idea is to fade the breakout. If wrong, wait for a natural reaction before somersault to long. This is because, after 6 months of non stop rally, market should take...
More About: Market , Tangos

One step at a time
2009-09-14 15:32:00
HSI on Daily, Bearish divergence warning and the MTL level on the daily chart. As we are very close to the resistance, i initiated a short position. Some of you may remember i had a short position. Truth be told, in last week's rally to test the 21k resistance, i had covered my short position with a loss. In hindsight, i should have hold. But last week's follow through buying had me fooled into thinking the market may be back to it's rotational best. How naive i was. I no care, both on weekly and daily shout weakness to me and i shall trade accordingly. Once it plunges all those losses will look small.HSI on the weekly: In what looks like a rising wedge we are seeing a bearish divergence which is a perfect setup for a sell-off. The best part is it should be happening in the next few days. Otherwise it may be invalidated. With the on-going tariffs fight between US and China, all we need is a crazy policy by either side to be the catalyst.STI: Mount. 2700 looks strong f...
More About: Time , Step

A sin called complacency
2009-09-09 17:40:00
I been analysing what went wrong and how did my 20% returns since early of the year turn flat... one of the most important reason is complacency. Complacency is just a nice ang mo word for laziness. And we know in trading which is a highly intelligent game, one cannot afford to not spend the effort in analyzing. I self sabotaged myself by watching too much TV. I even made it an excuse that i need to balance life and trading to justify being a coach potatoe. How can i expect to build a fortune from trading when i am always catching the latest HongKong Drama Serials? I wasn't like this during the good old days. Every single night i would be looking at charts and Sunday afternoons are spent preparing for the coming trading week leaving only saturday for my ex-girlfriend. If i didn't make money now is because i have deviated from what was working for me. Time to get it all back. It makes sense.... in a positive enviroment, i get positive result. When i am in a dis-empoweri...

Follow through buying
2009-09-08 16:25:00
The moment i have been waiting for has arrived. Follow through buying... once i see this sign, i know what i should do next and i promptly did it. The follow through buying in props caught my attention. No doubt i can buy it in the morning when the market is weak and soft but surely it is the strength in the afternoon that convince me that my opinion is right and thus i can only act upon the latter.I have took profit on my Wheelock.. just couldn't stand it's turtle pace. The name already said it, i was slow to realise.... Wheel lock... the wheels are locked how to run fast???? Furthermore i didn't grab it near the low and if a retracement happens, i am at a disadvantage. I grabbed Wilmar instead. The fundamentals is without saying - BAGUS! The chartwise, i always like stocks breaking into new highs in bull market because experience tells me, they tend to trade higher and higher. The expensive will always becomes more expensive. Also it is dealing with palm oil. With the...
More About: Buying

The feeling of frustrations crept up
2009-09-07 15:43:00
It's been a solid 6 weeks since i departed from Trading... or did i? Actually all this while, i have positions in the market. small but definitely vested. During my reservists and also my one week break last week, i still have access to internet and charts, just that, i couldn't be fully online thus only took a mid term view of the market and kept two positions. During last week's sell-off, the drastic decline by SSE spoil my day as i was forced to cover my long positions. Not only that, i had turned short on the HSI with the view that it is gonna see at least 19.4k but i no believe the bull is dead...thus i kept Wheelock long making the short on hsi just a hedge.. As we know by now, not only did the index tua rally, mine is the worse performing out of the property rally today. This seventh month is indeed inauspicious for me. You may think, "ok ma, just lose one position only..." I need to complete this passage with the loss i suffered on Datang Power listed in HKSE. Wh...
More About: Feeling

???? Return to Trading
2009-08-26 07:38:00
I need more time before i make my return to blogging my trading ideas again... need to re-adjust my time again... Reservist is super boring that i may have become stupid and less agile... Like i said 10 yrs ago, i can be a good citizen but i am not a good soldier. let me test my market opinion with my money and once on track then i share again. I have set the date of my return on 6th September 2009.???????????????????????????????????? ???????????????????? ???????????????????????????????????????? ??????????????? ???????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ
More About: Trading , Return

Properties pause for a breather
2009-07-27 16:58:00
hehehe My OCO order was triggered today! Technology! Cool! For those not familiar with this, OCO is one cancel other. I had set one protective stop to protect my profits incase the price of my banking stock comes down and then a limit sell at $12.90... oh nevermind that i missed the 6 cents higher closing price..it is already good profit, i shall take it with many thanks. haha Upon close scrutiny of the chart, wah it seems like it can still climb higher.. however, no choice, country comes first.. wahahaOkie my property counter isn't doing so fantastically well. In fact it closed lower than Friday's closing. My trailing stop looks set to be triggered tomorrow if market gaps down. Unless Dow edges forward again! :D A quick screen shows that many property counters are resisted. It's about time they do so as they have been defying gravity for the longest of time. Financials is the star of today's session closing very strongly. Now that property sector has paused, if finan...
More About: Pause , Properties

Here without Ah-Gu
2009-07-26 16:31:00
I watched on as the market once again recovers from intra-day weakness and finished the Friday session on a high note. I deviated from my game plan where i would have taken profit on the banking stock which i picked up on Thursday closing. Dow didn't play punk with me on Thurs and Friday it closed strong again. I figured it must have frustrated the shortists. Once we crossed the 9k mark firmly, most bears would have to run for cover and that's what happened on Thursday night? At least this is what i think. Alright, back to my positions, i saw the market actions and somehow it prompted me to keep my positions. It looks like it's the first day of breakout and i would expect more upside for the upcoming days. Thus, i intend to set trailing stops. My idea is, if i am wrong, and the market do a sudden reversal, then at most i lose back some of my profits. But if i am right, i will end up making alot more than now. As my reservist is starting, i cannot add new positions or be...

????????
2009-07-23 17:43:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??...???????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ???DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Patience .... patience...
2009-07-22 02:48:00
Haiyo... yesterday i slept early to watch the solar eclipse ma! :D Once in a life time leh!Dow's 7-day winning streak really leaves one open mouth big big. By probabilities, the chance of going higher is lower without first experiencing a pull back. But pull back maybe shallow as what we seen in March. Without much negative news, i feel only normal retracement in an upward trend may happen as we go higher. The primary trend without a mistake is upwards for now. Many are talking about possible double top as we head towards last highs. I would wait to see how market trades there before i initiate any short positions. There is a time to long at support, there is also a time where u shouldn't buy at support. Same goes for resistance. When i say wait to see how market trades there, i am refering to candlesticks patterns. If i have positions, i would unload on the way up and prepare to buy back at lower levels. But since i only have 1 long position, i shall keep it. Hearsay d...
More About: Patience

????????
2009-07-20 16:17:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????DISCLAIME R: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

MacD Bullish Crossovers
2009-07-19 15:36:00
In my last posting, sorry i had to use mandarin because it is a rule for myself to alternatively rotate between the two languages and i can't seems to stop because it is so fun! I remembered last time when i was still an active trainer, my pet phrase is, "Trading must be fun, making money in the stock market must be fun, otherwise you must be doing the wrong things!" How true! Think about it, how many of us have read it or heard about it somewhere where the world's richest people are doing things they love to do. Logically speaking, how can anyone excel if they are not having fun in doing the things they are doing? No wonder 90% of the market participants are losing money. Many came with the mindset to make money.... alas they forgotten that they should be focusing on the process of making the money. Once you get the process right, money is the reward. Money is the result of your analysis. Michael Jordan knows he needs to shoot basket inorder to win championships... he trai...
More About: Bullish , Crossovers

?????????
2009-07-15 13:16:00
????????????????????????????????????????? ?????????????????????????. ???????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ?2424???????????????????????????????????? ??????????20?50????? ???????????????????????????????????????20 ?50?????????????????????????????????????? ????????????????????????????????????????? DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

When what was supposed to be ends up not to be
2009-07-14 15:50:00
Tossing and flipping on the bed... the night was really uncomfortable... i staggered out of bed to check out the bathroom... took a glance on the clock.. 5:11am! Wah not enough sleep again.. as i age, i notice i am waking up way too early as if i don't need longer hours for sleep. I checked Dow and to my horror.. +185 pts up... I lie back on the bed and couldn't help imagine the worst case scenario of my stocks. There is not way I can fall back to sleep anymore. Stupid treacherous market. Even if you turn back the time, i would still think Asia was already there, broken and ready to nose dive to the south.....alas Ms Whitney had to upgrade Goldman on this night. Totally reverses the bearish sentiment.Much to my surprise... the market did gap up but i came out just slightly worse off. Look around... most stocks did not break previous high? most stocks end the day with black candles? Those supports and resistances that i am eyeing are still intact? What about my positions? O...
More About: Ends

???????
2009-07-13 15:59:00
??????????????????????? ????????????????????????????????????????? ??????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ???????????????????????????????????????DI SCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Awaiting the mother of all triggers
2009-07-12 15:53:00
I find blogging in mandarin getting more and more interesting, now i can write at a much faster speed. It's like re-learning mandarin all over again. Quite fun actually. It gives me a new reason to blog....like a second life! hahaThe rebound due to the clarification of the tax rule did little to calm nerves in the market. I am wary of a big rebound since we are trading at 50-day ma... however, many charts have since made a lower highs, plus the dreaded bearish crossovers over MAs. I favour downside more than upside from here. Dow was unable to trade back above 8250 and that is a weak sign to me. In the Ang mo charts, one can easily see weakness written all over. All these can reverse if there is a powerful rally that pierce the 20MA... otherwise, so long market is below it, i will stay short.Frustratingly, STI looked strong.. while many regional markets had fallen...i wonder why our market is keeping up the pretence... one can almost feel the invisible hands at work.. U look a...
More About: Mother , Triggers

????????
2009-07-09 15:48:00
????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????????20?50??????????????50?????????? ?????????50????????20?????????????????20? ????????????????????????????????????????? ????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Did you see what i see?
2009-07-09 09:33:00
I saw: black white black white black white black white in the box... Dow is doing a roulette with us? :DDISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

Managing my risk in this falling market
2009-07-08 14:35:00
Properties actually looked quite firm yesterday as they did not crash through the key support levels. But the news abt tax on capital gains spooked the market. Ok, i am not short on properties and thus didn't benefit. But the cake sim part is when u see the rest of the market falls like a rock and ur stock goes up! DBS! I had great plan on how to make big bucks trading DBS. Waiting to hoot at the breakout and then cover back only to short again at the re-test. I covered DBS near closing because i didn't like the high volume and the resiliency it shows in a falling market. This is confirmed with the other two banks which also closed higher off the support. Now i have to devise another plan to benefit from this falling market. Which i did so in the afternoon.I went short S&P futures with an opinion that the head & shoulder patterns i saw all over the place is going to drag the global markets lower. I see more downside than up even if there is a rebound, i suspect th...
More About: Market , Risk

?????????
2009-07-08 07:54:00
????????????????????DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

??????
2009-07-07 15:39:00
????????????????????????????????????????? ??????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????? ????????????????????????????????????????? ?????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ????????????????????????????????????????? ??????????????????????????????????2240 ????2180??DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.http://feeds.feedburner.com/blogs pot/ntBQ

50 DMA is the key level
2009-07-05 17:07:00
After my studies, i realised 50-dma seems to be the key level for the market this week. There are stocks trading right at 50-dma, some infact broken and many others still slightly above it. God knows what will happen if those above catches up. Is the market setting up for big crash? Earnings will kick off soon and after a dismal job loss report, the market seems to be anticipating to sell off any sign of weakening quaterly reports. If the earnings come in better, it may be the perfect ingredient for a rally.Dow's 8250 maybe the confidence the market needs... both S&P and it has a Head and shoulder lookalike which echoed some of the stocks in the SG market as well. Nan dao... this time i hoot tio seh? keke I am also looking at HSI at 17,300 and how Nikkei trades 9.5k.N.Korea fires missiles to celebrate independence day with defiance. Back in 2005/06, market always react negatively to N.Korea's actions for fear of a war up in the North. Recent test fires has been largel...