Market View 28 May 2013

Many stocks rebounded yesterday and some
even resume their extraordinary run-up again.
I stated that as long as the stock is back again
above last Thursday's day-high then it is consider
as a strong stock and likely to have more upside.
This is a very simple concept of the momentum
continue to roll on and add-into the momentum again.

Ok, recently I received quite many questions 
from a few readers wanting to become a full-time
stock trader like me. My heart tells me that everyone
can become a stock trader but my mind tells me
that not everyone can become one. Read up on
the Turtles if you are interesting to know whether
one can be trained to become a stock trader and
the success rate behind it. Frankly, if you have the
will and determination to become one, then you 
should really do some read-up voluntarily. You should
be hunger for any financial knowledge and know-how
and whatsoever related to stock market and the financial
world. I always ask all those who "aspired" to be a
stock trader which section of the newspaper do they
read first, and which section of the library or the
book store do they head to first, or even what is the 
most common topic among the friends that you are
associate with. It is not a clear-cut indication but at least
you should know where your passion lies. From my
understanding, most people can only be an investor and
a mediocre trader at best. Most treat the stock market
as a casino and it is like playing "Big" and "Small" on the
gambling table. I tell you what, even on gambling, there 
are also smart and calculated gamblers versus the
reckless and foolish gamblers out there. The skilled gamblers
are always trying out methods and techniques to gain a slight
edge over the house while the rest are depending on Luck.
"Luck is what happens when Preparation meets Opportunity"
How much have you prepared to win in the stock market and
are you readily prepared to face the Mr Market?

If you are interested in our local brokerage's stock
call, then go to:
Singapore Stock Reports For You  

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