Market indeed pullback yesterday after days
of greens and most stocks closed in the red
down by a couple of percents. Some readers
asked me why the 10-15% retracement that I
gave yesterday and not like 8%,12% even 20%.
This is like a million dollar question that is also
interesting. Recently, stocks have been surging
through the roof as much as over 50% rebound
by some stocks in just a short time. To me, a
pullback of 10-15% in such circumstance is
reasonable. I don't just pluck the numbers out
from the air but this is what I observe in dealing with
as many stocks before.
Stocks will still be under selling pressure today
as like what I mentioned, the writing is already
on the wall from the traded volume previously.
Given that today is Friday, I believe we will still
be heading toward a weaker closing today.
I don't want to speculate on any stock target now
as I have already mentioned the 10-15% pullback.
Just do the maths on your selected stocks using
their recent highest price traded.
One more thing before I forgot, some readers asked
me why my watchlist yesterday never consists of stocks
like Keppel Corp, SGX, the Reits... I have to say again
that those are the stocks that I normally do my stock
trading on. I intra and contra trade on the stocks.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, October 21, 2011
Thursday, October 20, 2011
Market View 20 October 2011
Wall Street closed in the red in overnight trade
so will our market succumb to the selling pressue
this time? I believe the answer is a Yes. If you look
at the hot stocks at the moment, they have been
going up with decreasing volume and that to me
is quite an imminent sign that it is the beginning
of the end. My expectation of 5-8% pullback for
the index and 10-15% pulback for the stocks from
the recent high still remains, and I believe I will
get it this time. I am still pretty optimistic that after
the pullback, the joyous mood will still come back
as we will have a great November-December rally.
This is purely my view and it may or may not materialise.
Ok, I promised a skype member to reveal what type
of stocks I am trading and are in my watchlist. I don't
mind doing so as they are just the normal winner stocks
and even with more players pumping money into them,
all these will still be absorbed. Normally, about 90+%
of my trades are concentrated on the following stocks:
Biosensors, Cosco, Ezra, Indo Agri, Genting,GLP, Golden Agri,
Noble, NOL, Olam, PEC, Sakari, STX OSV, YZJ, Yanlord...etc.
And the remaining 10% of the trades are on those situational
or rotational plays like the Water-treatment stocks, commodities
or even the food stocks.
Some readers may say that the above-mentioned are "expensive"
stocks and they like to stick to those "cheaper" pennies.
From my experiences over the years, I know that the mentioned
stocks will be the first to move and the scale of the move can be
huge as well, but do take note that they will be the first to fall too.
There is no single trading day that you won't see a few
of them in the Top Volume and that is exactly what I thrive on.
Being a trader, I need the volume, volatility and occasional
irrational moment of the stocks to make good of the presented
trading range. There are reasons why they are "expensive"
compare to the "pennies" looking at their fundamentals and why
they have so much volume everyday. Sometimes, when a skype
ask me about a pennies that I never study, I really can't offer
much assistance and advice, but if you ask me about the above
stocks, I can tell you many "stories". 8-)
By the way, there is one comment which reads "I hope Stock Lobang
Uncle will update his blog before the market open, like in the past.
-T" Firstly, the blog will normally be published before 9am and the
most important point to note is I am not a Uncle lah. I am still quite
young - Body, soul and heart, so don't make me sound so old.
Just call me SL will do. 8-(
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
so will our market succumb to the selling pressue
this time? I believe the answer is a Yes. If you look
at the hot stocks at the moment, they have been
going up with decreasing volume and that to me
is quite an imminent sign that it is the beginning
of the end. My expectation of 5-8% pullback for
the index and 10-15% pulback for the stocks from
the recent high still remains, and I believe I will
get it this time. I am still pretty optimistic that after
the pullback, the joyous mood will still come back
as we will have a great November-December rally.
This is purely my view and it may or may not materialise.
Ok, I promised a skype member to reveal what type
of stocks I am trading and are in my watchlist. I don't
mind doing so as they are just the normal winner stocks
and even with more players pumping money into them,
all these will still be absorbed. Normally, about 90+%
of my trades are concentrated on the following stocks:
Biosensors, Cosco, Ezra, Indo Agri, Genting,GLP, Golden Agri,
Noble, NOL, Olam, PEC, Sakari, STX OSV, YZJ, Yanlord...etc.
And the remaining 10% of the trades are on those situational
or rotational plays like the Water-treatment stocks, commodities
or even the food stocks.
Some readers may say that the above-mentioned are "expensive"
stocks and they like to stick to those "cheaper" pennies.
From my experiences over the years, I know that the mentioned
stocks will be the first to move and the scale of the move can be
huge as well, but do take note that they will be the first to fall too.
There is no single trading day that you won't see a few
of them in the Top Volume and that is exactly what I thrive on.
Being a trader, I need the volume, volatility and occasional
irrational moment of the stocks to make good of the presented
trading range. There are reasons why they are "expensive"
compare to the "pennies" looking at their fundamentals and why
they have so much volume everyday. Sometimes, when a skype
ask me about a pennies that I never study, I really can't offer
much assistance and advice, but if you ask me about the above
stocks, I can tell you many "stories". 8-)
By the way, there is one comment which reads "I hope Stock Lobang
Uncle will update his blog before the market open, like in the past.
-T" Firstly, the blog will normally be published before 9am and the
most important point to note is I am not a Uncle lah. I am still quite
young - Body, soul and heart, so don't make me sound so old.
Just call me SL will do. 8-(
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
Wednesday, October 19, 2011
Market View 19 October 2011
With the US indexes up in overnight trade,
will the market goes up again and resume
the recent upside? I believe that the market
will open higher but ended the way weaker.
Some readers I know had bought some stocks
when there is a pool of reds in the market yesterday.
It is good to stick to a trailing stop in such
a market environment.
Ok, there are some emails asking for the
technique or methods that I am using to trade
stocks. Frankly and seriously, there is no way that
I will reveal every single techniques and methods
that I am using in the blog. But being "授之以鱼，也要授之以渔,
I will seek to give out some pointers along the way.
Some of the techniques have been acquired
through experiences in my trading years and
some have been modify or "enhance" to suit our
local trading arena.
There is one trading technique that I have been
using for many years and it is very simple and
market-friendly, and it is called Darvas Box Theory
developed by the late Nicolas Darvas. You can either
choose to read up his books or like what many
nowadays like to do, just Google it. I will reveal
other techniques or methods the next time.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
will the market goes up again and resume
the recent upside? I believe that the market
will open higher but ended the way weaker.
Some readers I know had bought some stocks
when there is a pool of reds in the market yesterday.
It is good to stick to a trailing stop in such
a market environment.
Ok, there are some emails asking for the
technique or methods that I am using to trade
stocks. Frankly and seriously, there is no way that
I will reveal every single techniques and methods
that I am using in the blog. But being "授之以鱼，也要授之以渔,
I will seek to give out some pointers along the way.
Some of the techniques have been acquired
through experiences in my trading years and
some have been modify or "enhance" to suit our
local trading arena.
There is one trading technique that I have been
using for many years and it is very simple and
market-friendly, and it is called Darvas Box Theory
developed by the late Nicolas Darvas. You can either
choose to read up his books or like what many
nowadays like to do, just Google it. I will reveal
other techniques or methods the next time.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
Tuesday, October 18, 2011
Market View 18 October 2011
Finally, European and US stocks fell in overnight
trade and if you simply want to hear a news to
justify the fall, then this is the report, "U.S. and
European stocks fell on Monday and the euro slipped,
after Germany dashed hopes that the euro zone debt
crisis would be resolved at next Sunday's summit of
European leaders." If you choose to believe me, then
I will tell you that this is just a normal retracement from
the recent surge-up and it is just a time to reshuffle the
cards in the market now.
The perfect scenario for the retracement will be a
5-8% fall for the indexes and a 10-15% drop for the
stocks, but sometimes the scripts are just too perfect.
I believe we will still see selling for the next couple
of days as profit-taking will take centre-stage.
During this period, then we can see that who is still
strong while others are bleeding.
I will once again publish the email sent by a reader
in reply to what I posted in the blog yesterday.
"Hi stocklobang
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
trade and if you simply want to hear a news to
justify the fall, then this is the report, "U.S. and
European stocks fell on Monday and the euro slipped,
after Germany dashed hopes that the euro zone debt
crisis would be resolved at next Sunday's summit of
European leaders." If you choose to believe me, then
I will tell you that this is just a normal retracement from
the recent surge-up and it is just a time to reshuffle the
cards in the market now.
The perfect scenario for the retracement will be a
5-8% fall for the indexes and a 10-15% drop for the
stocks, but sometimes the scripts are just too perfect.
I believe we will still see selling for the next couple
of days as profit-taking will take centre-stage.
During this period, then we can see that who is still
strong while others are bleeding.
I will once again publish the email sent by a reader
in reply to what I posted in the blog yesterday.
"Hi stocklobang
Thanks for the replies on your blog, can I ask more questions?
1. Can you actually share with me or the other members
about some of your trading strategies?
2. As regards to how & interpretation of charts, is it convenient
for you to share more details?
ANS: I will talk about how I trade in the next 2 days or so. Few months
back, I actually did mention about my trading style or methods but I
guess they are lost in the cyberspace already.
3. I bought some STI call warrants when the STI is 2620, although now it is showing quite decent profit, but I was unsure how high our STI index can go. From my chart, I saw resistance at 2910 or 3000 but I am guessing at 2800, there should be some profit taking, thus I would like to know your views about it?
With regards to trading warrants, I can say that is not my
cup of tea as I stick to stock trading as my main focus.
I am a firm believer of using trailing stops to protect the trade,
to preserve the profits gained, and to prevent a winning stock
from going into a loss. I sincerely urge the reader to adopt it as
well as it is simply a beneficial and essential trading practice.
My view is that set a trailing stop with the warrant, and if the price
got hit, then you are stop-out with a profit. The main argument to
the trailing stop practice is that "what if the stock/warrant rebound?"
Very easy, just ask yourself truthfully, what are the success rate
and chances of such thing happening with the trades that you
have done and completed. I can tell you that most that time the
fall will become worse, and the praying sound will also become
louder and more desperate and morale-draining if the profits
reversed into losses. I rest my case.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
Monday, October 17, 2011
Market View 17 October 2011
With the market expected to open higher today,
I will turn the blog today into a knowledge sharing.
Ok, I received a email yesterday night asking
about my views and how I trade the market.
I will publish the email here without revealing the
sender name.
"
I will turn the blog today into a knowledge sharing.
Ok, I received a email yesterday night asking
about my views and how I trade the market.
I will publish the email here without revealing the
sender name.
"
Hi stocklobang
I chanced upon your site by accident & found it really
interesting. Although, I am in the stock market for a
few years but still had not made much profit, thus I hope
to learn & seek a few pointers from you. May I ask a few
questions? Thanks so much for your time.
1. May I know which TA software do you recommend to be
useful, right now I am using chart nexus free software.
Ans: I am using Metastock with daily end-of-day data.
It is perfectly Ok to use the free Chartnexus as we are
looking at the the same stock chart, but the main issue
is HOW and What can you interpret from the chart.
2. Is there any useful & practical courses that I can go for
in the market because I saw a lot of advertisements on the
newspapers proclaiming easy profits for stocks which I know
is not true, as there is not free lunch in the world. I know stock
investment requires a lot of homework. Can recommend any
books or newspapers I can read up on also?
ANS: Well, all that I can say is that Stock Trading is simple
but not easy. To be a good doctor, lawyer and even an actors
take years to perfect the skill and technique, and it is the same
case for a good stock trader. I am not saying that I am a 100%
every-trade-is-a-winner stock trader, and I am still learning
from Mr Market everyday.
Aspiring Investor and Trader can start off by reading a couple
of books like, "Why am I Always Losing in the Stock Market" by
a local writer who is also a remisier at a local brokerage.
Wiliam O'Neil's 'How to make money in stocks', Nicolas Darvas'
"How I Made 2,000,000 in the Stock Market". Further studies can
include Larry William and Alexander Elder books as well.
A website that is a must to visit everyday is SGX announcement
page. I normally have a explorer window pointing to the site
and I will visit the site at least 3 times a day, before the market opens,
while I am taking my lunch, and at night together with the chart
reading. I will also just pop-by at anytime during the trading hours.
3. If I want to do full time trading on my own, targeting 2 to
3K a month, how should I start preparing? (Sorry, if you think
the question is stupid.)
ANS: In my opinion, no question is stupid. The one who withheld
the question is the most stupid. I will answer this question tomorrow.
4. While doing trading, any websites that I need to monitor
for important news coming in? Because I always notice
towards 3 pm, the market usually fluctuates I guess is due
to the Dow Jones futures, right?
It is good that the sender observed such a "strange" market
behaviour which many retailers simply ignored or never realised.
This occurance is actually partially because of the US indexes
futures and it is also due to the opening of the European bourses.
And also, some traders or funds like to close their stock positions
as intra-day trades and that also add to the volatility and swing
in the market."
Hope that my answer to the sender's question will also help
other readers as well. If you have any question on the stocks,
market behaviours, just email me. I may not be able to answer
anything on the market, but trust me, I know where to look for it.
Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.
If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default
As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!
市场生存座右铭: 风林火山
别人笑我太疯颠，我笑别人看不穿
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