The World cup has been kick off on last Friday 12am, the event finally come, in historically data shown during this period of time the market is mostly slow down, therefore , believe the data given by the market on past year exprience, try to reduce your stake in market, donot fight against the market force.
I have stop myself from monitoring on realtime pricing, i will only to collect data during end of day.
My profolio is only on ;
ETITECH bought on 31May06 at the price RM1.08
Happy trading and enjoy the World cup event.
18 comments:
Have won some pocket money on world cup on last week, very tired to follow thru during midnight.
Tonight games as follow
1)Australia vs Japan
2)USA vs Czech Republic
3)Italy vs Ghana
any idea on how to bet?
Somebody ask me, why want to discuss football inside a investment blog?
My answer is Now the KLSE market is at the downtrend, we donot need to put too much focus on the market and we need to rest , the world cup event now is a good entertaiment for us. But remember , bet within your limit and bet responsible .
Betting football in singapore is legal (bet with singapore pools outlet). I donot encourage your guys bet with bookies.
IF ETITECH below 1.10, you can consider your profit taking or cut loss.
Stratergies is very importance, as for Trigger Point System , we have bull market trading system and bear market trading system, the money management and TA skills will be use differently in specified market.
In bear market, our capital used inside market will not more than 20% , if any uncertainty happen, we wont be hurt much by the bear market. In my next article, i will explain more about my trading system in term of money management , TA and how to define the market whether uptrend or downtrend.
To be survive in the market , you should have a trading system to help you . If bull market come in, you must have "something " to tell you , instead of listen to newspaper, news or romours.
If the bear take over the bull market, you should have "something" to help you and to escape from the bear mrket before it crash or melt down.
You can check thru my previous post on 12May06 have give the awareness of market trend change and the post on 19May06 has give the exit market signal before the big bear coming.
After you have read my comment , Can i ask you a question;
Do you still have big stake inside the market ?
To play a game inside this market, you must know the rules and regulation just like playing football.
I hope my advice on 12May06 and 19May06 has help you to exit market.
The market is always there, is just the entry market timing is importance, but how to find the timing? You should try to think , and if you can find the answer, congratulation, you are able to survive in the market.
The market now is below 900 , the immediate CI support located in between 880 to 890 .watch out for technical re-bound by using intraday bull bear indicator.
Have profit taking for ETITECH.
No more protfolio, all convert to cash.
In the next weekly market summary, we will add in the SGX bull bear indicator .
Technical re-bound will be appeared , pls appliy intraday bull bear , time and chart pattern to select stock and timing.
Technical re-bound will be temporarily, must remember to take profit
Cenbond worth to monitor, set your profit taking and cut loss point , now traded at 0.565
Cenbond strong support located at 0.54, pls set you profit taking and cut loss point.
CI is going to form double bottom at 880+ , the recent correction is going to stabilize and sideway at 880+ will be appeared. donot panic sell , the market selling force has been reduced.
I have re-enter the market , thanks to the KLCI drop so much and i can pick up stock with so cheap price.
Anyway , is for the short term trading purpose.
I have sell most of my stock at 950+ and buy back now at 880+ , good bargain hunting.
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