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wavehunter Supreme	10-Nov-2023 11:46        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	I dunno what you see. But what I am seeing is those who are holding are on the whole rather resilient. They are not panicking. They are largely quite zhai type. The medium term people who trade the Swing Highs and Swing Lows...they know this boat very well. And have faith in her. Besides, even if teok stuck, she pays 15 cts dividends per year. So the Swing High-Low players are still on board. Those who still have bullets are likely adding more. The long term players who can hold for a few years or forever, they are not even looking at the price action and so are totally unaffected by the short term up and down movements of the stock price. It is the shortest of short term players who are scalping for a few bids are jumping in and out and it is they, their collective action, which gives the price room for pullbacks. But what is poison for short term players is meat for stronger players who can hold longer if need be. They are seizing the opportunity to buy on pullback. Next Monday is a public holiday for us. Next Tue is US CPI Data for October. Data is usually released at 8.30am New York time on Tue  which is 8.30pm in Spore on Tuesday nite. One fund manager said oil price retreated in October. This will somehow pull down the average price of goods and services which will translate into a lower CPI. Markets will interprete that as less likelihood for Fed to raise rates in the Dec FOMC Meeting. And markets will rally as a result.  We see have or not. Meantime, go smell the flowers. If too lazy to go out, then smell your armpit. Boh Hee Hay Ya Ho lah.
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wavehunter Supreme	09-Nov-2023 11:44        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Like I have been saying, markets never move in a straight line. When DOWN, there are rebounds along the way.  We saw that when Ascendas fell from a high of 2.85 to her bottom at 2.47. She didnt fall off the cliff from 2.85 to 2.47 in a straight line down. Likewise, when UP, there are pullbacks. We already saw a few. At the early stages of the upmove after the U-Turn, pullbacks tend to be shallow and brief. Only when the upmove goes further, then pullbacks can be deeper and take longer to complete. There is a logical explanation for that. When a stock has just bottomed out and turned the corner, as it rises during the initial 1st 10 bids, people are either not sitting on profits yet or sitting on only a small profit. So the temptation to sell is not there. That' s why we dont see much selling. But when the upmove has gone further by a total of 20 to 27 cts from the bottom, by then, people are starting to see decent profits and the short term traders from amongst those who bought the lows are willing to sell to take profits. Which is why you see a deeper pullback and the price staying there for longer. We are there now. Look at the current price range between 2.68 to 2.75 as a train interchange station. This is where some people get out but there are others who get in. Duration for the train to stop at this interchange station differs from time to time depending on sentiments, fundamentals, newsflow and external factors. When those who wish to sell have done so and whoever still remain wish to continue riding this train northwards, that is when the price breaks the resistance at 2.75 to make New Highs.
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wavehunter Supreme	09-Nov-2023 11:41        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Like I have been saying, markets never move in a straight line. When DOWN, there are rebounds along the way.  We saw that when Ascendas fell from a high of 2.85 to her bottom at 2.47. She didnt fall off the cliff from 2.85 to 2.47 in a straight line down. Likewise, when UP, there are pullbacks. We already saw a few. At the early stages of the upmove after the U-Turn, pullbacks tend to be shallow and brief. Only when the upmove goes further, then pullbacks can be deeper and take longer to complete. There is a logical explanation for that. When a stock has just bottomed out and turned the corner, as it rises during the initial 1st 10 bids, people are either not sitting on profits yet or sitting on only a small profit. So the temptation to sell is not there. That' s why we dont see much selling. But when the upmove has gone further by a total of 20 to 27 cts from the bottom, by then, people are starting to see decent profits and the short term traders from amongst those who bought the lows are willing to sell to take profits. Which is why you see a deeper pullback and the price staying there for longer. We are there now. Look at the current price range between 2.68 to 2.75 as a train interchange station. This is where some people get out but there are others who get in. Duration for the train to stop at this interchange station differs from time to time depending on sentiments, fundamentals, newsflow and external factors. When those who wish to sell have done so and whoever still remain wish to continue rising this train northwards, that is when the price will break the resistance at 2.75 to make New Highs.
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wavehunter Supreme	09-Nov-2023 09:51        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=18533
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wavehunter Supreme	08-Nov-2023 10:42        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Market is pulling back. So what next? Ask yourself these questions and your answers will tell you whether to sell, hold or buy more. Is the market going to go back down to the bottoms of 2 weeks ago? And maybe go even lower still? Or at some point in time when prices have pulled back enough, buyers are going to come out to buy and prices will firm up again? Answer that and you will know whether to sell, hold or buyback if you have taken profits.
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wavehunter Supreme	07-Nov-2023 17:15        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	At The Trading Floor...
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wavehunter Supreme	07-Nov-2023 16:45        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Today' s price action shows that if you sold at 2.74, you didnt get a chance to buyback at 2.72. The price was largely at 2.72 : 2.73 for a long time and so the best you could have done is to buyback at 2.73. If you did not, then the price is now at 2.74 : 2.75. And depending on what happens tomorrow, you may be standing on the pier if the ship decides to sail north from here.
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wavehunter Supreme	07-Nov-2023 13:10        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Dow Futures at -77. The bull needs to rest and recharge. If market dont pullback, people who missed buying wont buy. They will wait. So in a bull market, pullbacks are healthy. They allow fresh buyers to enter. In doing so, they provide fuel for the market to go higher. Dow and S & P will likely see a pullback tonite, But our market is ahead of Wall Street and has already pulled back today. We may not see a further pullback tomorrow morn. If we do get one, it will be brief and shallow.  Assuming market sentiments and fundamentals remain the same and no new negative developments in the Middle East.
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wavehunter Supreme	07-Nov-2023 12:10        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Yes, I second that. In all probability we will not see 2.50 or below again in 2023. And so if you are a " collector" and you managed to buy some at 2.47 to 2.50, you can keep them to build up your Dividend Portfolio. Some folks do this - buy the same of a good stock and keep adding whenever the price is beaten down to build up a Dividend Portfolio to earn passive dividend income with a long term plan to be able to collect $5000 to $10,000 of dividend income per month. Yes, no typo there. Per month. Not per year. This can be done if you earn a decent income, are money management-wise and have the discipline not to spend your income to live in the now and enjoy life to the fullest but to save up for your future and to secure for yourself the ability and privilege to retire early. To build a Dividend Portfolio to give you dividend income of 5k to 10k per mth takes a lifetime of discipline and investing. Ascendas pays 15 cts per year. To get $5k per mth of dividend income from her means to own 400,000 shares at $2.50 a piece. At current price of $2.73, to own 400,000 shares will require $1.092m. 400,000 shares x 15 cts = $60k which is $5k per mth. That' s why it takes a lifetime to do this. aragosta      ( Date: 07-Nov-2023 11:43) Posted: --- Post Removed by User ---
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wavehunter Supreme	07-Nov-2023 11:51        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	She turned the corner at 2.47. If you sold at 2.57 to 2.60, that' s very early. Chances of buying back lower was non-existent. If you sold at 2.61 to 2.69, that was quite early too. Chances of buying back lower was non-existent too. If you sold at 2.70 to 2.75, the pullback thereafter gave you a window to buyback at 1 to 6 bids below your SELL. If you intend to sell at 2.76 to 2.80, you may or may not get a chance to buyback at 1 to 3 bids below your SELL. And in my view, if you sell at above 2.80, you can close shop and say its a wrap after that and wait for the next down cycle to come and go. This is premised on the assumption that this current upmove will end at the 2.80 series. The Previous High was 2.85. Whether we will revisit that High or fall short or surpass it is anybody' s guess. But if Wall Street sees fit to trigger a year end rally to take the market higher, then Ascendas may well surprise us with a run to the 2.90-series. If you sell at above 2.80 and after that you sense that she may want to go higher to the 2.90-series and you are game on to jump back in, I do strongly suggest you do a small trade (not buyback your entire shareholdings) to satisfy your hunger for thrills and spills.
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wavehunter Supreme	07-Nov-2023 11:34        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Even before she has turned the corner at 2.47, I was already in the queue to let my chickens go at 2.71. After she turned the corner, initially I didnt do anything to my SELL orders. But there was one day when  she opened strongly and it prompted me to shift my SELL to 2.74. That day, she did reach 2.74 but prior to that, I had already shifted my SELL to an even higher Pit Stop. On reflection, if I had let my chickens go at 2.71, after that there wasnt much of a pullback for me to buyback lower. I would have to buyback at 2.70 or 2.71 which is psychologically a difficult thing to do. And if I had sold at 2.74, the pullback after that gave me a window to buyback at 2.71/2.72 but the question remains whether I will. Or will wait for lower. Which is human nature. And possibly miss the boat if she resumes her climb without going any lower. Which is why I said if you sell, you need to have a Plan B to prepare yourself to buyback and if need be buyback at the same price where you sold. Or higher. This requires a lot a lot of mental strengrh. The risk which comes with hesitation or indecision is the boat may leave without you.
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wavehunter Supreme	07-Nov-2023 09:12        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	And also for those who took profits to jump back in.
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wavehunter Supreme	07-Nov-2023 09:03        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Today we will see a pullback. Its whether how shallow or how deep this pullback will be only. This pullback is for those who missed the boat to board lower.
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wavehunter Supreme	06-Nov-2023 14:13        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	When she fell from the mountain top at 2.85, did she fall in a straight line and fall quickly to 2.47 in a matter of a few days? No, she didnt.    She was at 2.85 on 15 Sep 23. She reached 2.47 only on 20 Oct 23. That' s 35 days. Likewise, if she is going back to the mountain top at the 2.80-series, she wont go back up in a straight line within just a few days. The 2nd time she reached 2.47 was on 26 Oct 23 when she successfully backtested the support at 2.47 and then bounced. From 26 Oct 23 till today is 11 days. Whether she will need another 10 days to 20 days (weekends inclusive) to return to the mountain top, only time will tell. Just dont expect her to be able to do that by today or tomorrow. Like I have been saying here, " It takes 9 mths to make a baby. You cannot make 9 women SONG to get a Geen Na in 1 mth" .
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wavehunter Supreme	06-Nov-2023 10:44        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Under normal conditions in an orderly market when Ascendas is trading at the 2.80 to 2.85 region, she can stay there for a week or two much to the frustration of those waiting to buy and who want to see her drop and drop quickly to a lower level. And when the drop finally comes, you wont see low 2.60s let alone 2.50s and 2.40s lagi even no need to say lah. When trading at 2.80s, any drop you see will find kan cheong spiders coming out to support at the 2.68 to 2.72 region. Which is where she is now. Sometimes if selling is stronger then can see 2.65 to 2.67. But usually that is the level to reload (2.65 to 2.72) for those who sold at the 2.80s and are waiting for the next buying opportunity to jump back in.  But now we are in a different phase. This fellow has just taken a deep dive recently to 2.47 and has turned the corner and is now on her way back to the 2.80s. So if you had been watching all this while but you sat on your hands and did nothing. And you are now wondering still can buy or not. If you tell yourself you will wait for the price to go back to 2.47 to 2.50 then you buy, you wont be on this boat when she sails towards the 2.80s. But if you tell yourself you will buy in tranches at 2.72 down to 2.65 but if she doesnt want to go lower and want to go higher instead, you will add on the way up, then you will be on this boat when she sails towards longitude 280-degrees North.
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wavehunter Supreme	05-Nov-2023 18:52        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin
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wavehunter Supreme	05-Nov-2023 11:14        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Thank you Bro or Sis aragosta and tyming for your sharing and CONGRAT$.    It is said that 90% of people who play the market lose money. Only 10% make money. The folks here who have been following our discussions for the past one month, now you know how to be in that 10%. For those of you who just got here and are wondering how far back to start reading, I think the beginning of Oct is a good starting point. And after you are done reading, you would have learnt a great deal about why I picked Ascendas and how to trade/invest in her to be in the 10% winning camp. And you can apply the same principles to any other stocks in STI. Pick one which has the same attributes  as Ascendas and your probability of emerging from this game as a winner will be enhanced.
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tyming Member	05-Nov-2023 09:50        tyming About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good post. Good reminder. Generous sharing! Thanks!
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wavehunter Supreme	04-Nov-2023 17:34        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 1   x 0  Alert Admin	So what are the key takeaways we have learnt from trading the market this past one month? 1. The starting point is STOCKPICK. We must get this right. If you pick the wrong stock, you are going to need a lot of luck not to incur a loss and even a lot more luck to eke out a gain. But if you pick the right stock, knowledge about your stock coupled with trading experience and a good strategy will make up 90% of the ingredients necessary to be profitable. Luck will account for only 10%. In a nutshell, choose a stock which is sought after by fund managers, institutional investors and high net worth retail investors. Whenever this group of investors are present, you will also find a large following of smaller retail investors and traders. Like us. 2. Once you have picked the right stock to invest/trade in, the next thing you need to get right is the entry point. This requires keen knowledge of what your stock is currently doing, which phase of the market cycle it is in, whether it is on an uptrend, downtrend or moving sideways. Knowing where your stock is going next week, the week after or a month from now will tell you whether she is at a good level to buy or sell today or whether you should wait. To know this will require you to know your stock very well. Read her charts, news about her, and study the macro economic factors which affect her profitability. To do this, you will have to put in the work, time and effort to study your stock and keep abreast of newsflow. There is no substitute for that. 3. Every selldown is on hindsight a buying opportunity. But this is true only for good stocks which are highly sought after by  FIRs -  Fund managers,  Institutional investors &   Rich retail investors. A penny stock which is targeted for price manipulation by stock manipulators (I call them monkeys)... when they are sold down, oftentimes, they stay down and become motionless after that becoz the monkey already run road leaving retail traders as the last ones to carry the crying babies. So when a selldown comes, do not fret or fear. Be thankful that it has come. Only in a selldown will you see heavily discounted basement prices.  4. Selldowns like the one we just had are few and far between. So when one comes, what is the worst thing that can happen to us? For me, it is no more bullets to buy. Becoz our ammo is already stuck in stocks bought at higher levels. That is the worst thing that can happen to us when a selldown comes. No more money to buy means a lost opportunity. And a golden one.  So what is the solution for this ? There is one. But it comes at a price. It comes with a trade-off. At any one time, use only half of your capital to trade. Keep the other half just in case an unexpected selldown comes. And if it does, you still have half of your capital to buy at basement prices. The tradeoff here is that you can only put half of your capital to work at all times and this will limit the amount of profits you can make. Should you decide to put all your capital to work since " normal trading days" far exceed " selldowns" , that' s up to you. No right or wrong. Its about tradeoffs and making a decision on what you want and what you are prepared to miss, ie. where your tradeoffs should be. 5. When a selldown comes, assuming you still have ammo to buy, nothing will happen unless you are able to find something else you need - bolas. To buy when there is a selldown in the market is a very scary thing to do. You cant help but be overwhelmed by negative thoughts of what if this and what if that and the list of what can possibly go wrong never seem to end. In the end, we become so scared and so paralysed that we dare not buy and fail to buy altogether. Being fearful is natural. It happens to all of us. We dare not buy. Becoz we are completely weighed down by all the WHAT IFs. There is one word to describe this phenomenon. It is called - OVERTHINK. As long as you pick a stock which is chased by FIRs and the  fundamentals of your stock have not changed, do not overthink. When the selling is done, bring out your bolas somehow and hit the BUY button. Buy in tranches in small lots. If you get it wrong and are too early, you will be glad you didnt buy more. If you get it right and your stock continues to firm up, you will feel reassured to keep buying to scale up your positions.    6. When your stock has turned the corner and starts to recover, dont shortchange yourself. Dont sell too early. Learn to ride your positions when you are sitting on winners. When to sell ? When the upmove starts to lose steam and slow down and volume also falls to a fraction of the volume when the rally was still in progress. This is easier said than done. But its all we have and each of us just have to try to make the best of it. Sell in tranches is another advice I have read many times. That way, if the price continues to rise, we can still sell higher. Just like we dont get to buy at the low all the time, we also dont get to sell at the high all the time. Be thankful that you are profitable and are counting profits, not losses. After you have sold, wait for the next cycle. Wait for the next opportunity to buy again to restart another trading cycle.
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wavehunter Supreme	04-Nov-2023 10:34        wavehunter About Contact  Quote this Post!   Yells: "Trade what you see, not what you hope to see."
x 0   x 0  Alert Admin	Both Dow and S & P were roaring again last nite for a 3rd straight day of rally. Like I said, funds have switched to " risk on" mode and are grabbing as they have stayed sidelined for too long and are under-invested. Dow rose +222 pts. S & P put on another +40.56 pts. Becoz markets have been falling about 10% into correction territory since the highs in July, now that valuations have become attractive again and the market has turned, FOMO amongst funds has set in. Last nite, I heard this sentence from 3 different fund managers at CNBC Market News: " I think we are going to get a year end rally."   Santa Claus is coming to town.  Stocks are relatively cheap becoz of the recent correction. So people are buying becoz there is a SALE now on. .
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