Market View 2 August 2013

Do you know that there are only 20 trading
days in August, minus away the 2 public holidays
and yesterday, we only left 19 trading days.
In this remaining 19 trading days, there will be 
many companies that will be announcing their financial
result. It is going to be pretty volatile and erratic
scene as the market players digest and evaluate 
the reported results.

I always say that Mr Market will reward those who
are diligent and willing to put in some work in 
understanding him well. But he will also punish and 
even detain those who are just trying to outsmart
him without putting in efforts. I see people who said that
they are trading the market when in fact they are just
playing big-small with Mr Market. You can make money
in a few rounds but eventually you will lose big in one
unexpected round and got knock-out of the entire game.
Some readers asked me what book should they read
to understand the market better. I give them a few titles
and authors which I personally benefited and believe that
the readers will gain knowledge and learn from it. 
In actual fact, the readers can read whatever books that are
in the market or the library on this subject. Eventually, after 
reading a number of books, you will know which book or 
author is a gem while others are just writing rubbish. I give 
this blog  another piece of heartfelt advice: read those books
by authors who are no longer with us anymore. Those are the
days where there were no trading indicators, just pure bar 
chart (some even line chart) with volume. That is the bare 
essentialthat you really need to duel with Mr Market. You 
really don't need heavy armour that will slow and drag you
down. A light attire with your bare hand and leg can do the
job very well.

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