1st Quarter earnings leads to cautiousness in Straits Times Index

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1st Quarter earnings leads to cautiousness in Straits Times Index 1st quarter earnings announcements have started rolling out last week as market participants were busy understanding the change in companies performances are the reporting. During this period, many decided to stay cautious and stayed out of the market. Hence, Straits Times Index was affected and started the week bearishly. … [Read more...]

Straits Times Index to hover around 3170 level

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Straits Times Index to hover around 3170 level It has been a quiet week for Straits Times Index as market participants remains cautious on the outcome of the visit of US president Trump to China. Talks between the 2 countries are ongoing currently but early reports are showing that they are building up with some trade ties; in oppose to what was widely speculated. The week started with positive … [Read more...]

Mar 2017 Trading

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This month was quite a roll coaster ride and at one time I was getting quite a big DD but preserver  because my trading rule say so. The end result was quite good and I managed to get a decent profit out of this month. A whopping 4 digit profit. Period $ Profit/Loss % profit/loss Capital Verdict Jan 2017 $1,355.38 9.04% $15,000 Feb … [Read more...]

Huge losses from trading but tempted to restart.

Hi AK, I am always tempted to trade and also I see many courses out there on trading and saying that they have earn so much from trading. I never sign up for any of them but there is always a temptation. should i go and attend trading course and start trading again which I have made huge losses before, or do the AK way, be patient, be pragmatic , be prudent? ie just do income … [Read more...]

Strait Times Index sitting on the fence

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Strait Times Index sitting on the fence Straits Times Index ended first quarter of the year with a bullish closing. Market participants decided to pick themselves up after the fall that was triggered by concerns of Trump’s lacking of power to implement the policies that he had promised. In the early week, STI managed to rebound from the low of 3112 level and head towards its resistance at … [Read more...]

What Traders Need to Know about the Singapore Market?

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At the start of 2016, global bourses were trading with tremendous anxiety. In early 2016, many of the world’s major indices suffered declines of up to 20%. Much the same was true of the Singapore market. Now, things are a little different, with the S&P 500 index, the NASDAQ composite index, and the Dow Jones Industrial Average rising to near-record levels. Of course, the Trump Factor has … [Read more...]

Straits Times Index facing correction risk

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Straits Times Index facing correction risk Straits Times Index faced a week of profit taking as concerns on US president Trump’s policy implementation starts to face headwind last week. Market participants made use of such opportunities to exit the market despite a strong start in the week. 3160 resistance level held firmly despite being broken for a few days. The strong gap down action on … [Read more...]

Why Technical Analysis Won’t Work For You – You’re Doing It Wrong

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So you think you can make money just by drawing some lines, recognising chart patterns and memorising candlestick patterns? Or you may think that Fundamental Analysis is too difficult. Reading and evaluating financial statements are too mind-boggling. Reading price charts would be much easier, so it should be easier to make money. You are in for a rude shock. I first got interested in technical … [Read more...]

What Am I Supposed To Gain From Trading The Financial Markets?

Many traders would like to make money from the market. That’s the main objective isn’t it? Are there other things that one can gain from trading the markets? Personally I would say “Yes”. To me, the trading of the financial markets means more than just making money off the market.  There are many areas that have provided invaluable lessons and sparks in my life that make life stronger and more … [Read more...]

Straits Times Index attempting a breakout

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  Straits Times Index attempting a breakout Straits Times Index continued to its bullish streak while US Federal Reserve announced its first interest rate hike for this year. The week was first greeted with cautiousness as many chose to stay sidelines ahead of the announcement of the interest rate hike last Wednesday. Some traders anticipate the possibility of bearishness ahead of the … [Read more...]

Trading Experience

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I spent the past few months doing stock trading. To be exact from November till today, I have only done 3 trades. The trading technique I used is actually no technique honestly. I totally ignored the typical technical indicators such as moving average convergence divergence (MACD), relative strength index (RSI) or stochastic oscillator which you would see in any technical analysis … [Read more...]

What is Contra Trading?

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Contra Trading, is the act of 1) buying a stock and selling it before payment date 2) selling a stock and buying it back before payment date In Singapore, after a trade is executed, you have three working days before you need to pay the total cost of the stock. If you buy a stock on Monday, you are only required to pay the total cost of the trade on Thursday. However, in contra trade, you … [Read more...]

MAS: Don’t trade in binary options on unregulated platforms

It says these are high-risk instruments, and many trading platforms are fraudulent and based outside Singapore. IN the wake of complaints from investors who have suffered losses, Singapore's financial markets regulator has warned against trading in binary options on unregulated platforms. Read? Option trading As Passive Income is still Hot!!! (2) Don't smile or laugh! You may also have … [Read more...]

Price Triggered Orders

People like to invent new names. SGX call them Price Triggered Orders, some brokers call them Conditional or Contingency Orders, while traders just call them Stop Orders. A Stop Order is just an instruction to automatically trigger a Market or Limit Order when a pre-determined price level has been hit. (Stop reading if you don't know what is a market or limit order) 1) It can be used as … [Read more...]

Meeting And Learning From Successful Retail Investor And Trader

Last Friday; one new reader jio SMOL and Uncle8888 for kopi session at Ya Kun. After knowing that he has been trading US market; then we asked him what is his objective of meeting us? He said he wanted to meet and learn from successful investors and traders in Singapore to become an investor in Singapore market to build up investment portfolio for his retirement. Now thinking back. Are … [Read more...]

Feb 2017 Trading

Well, this month, I was not able to get a profitable month. Earlier of the month, I actually lost more than $63. But was happy to recover some of it before month end. Its considered a consolation prize for me already. Ok enough say, lets see if I can get some profit in the next month :) Period $ Profit/Loss % profit/loss Capital Verdict Jan … [Read more...]

TRADE AND TRADE

I attempted a quick trade on 3 Mar 2017 on one of the top volume stock during trading hours. When the stocks markets closed, I made profits. Today, the stock continued to run, giving me more profits in the same stock. Was I delighted? Of course and while one usually think of it’s the monies that would make me and investors in the green happy, I would say I am delighted because of my trading … [Read more...]

Straits Times Index hovering at 3100 level for now

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Straits Times Index hovering at 3100 level for now Straits Times Index attempted to reach for a higher level this week but it faced profit taking pressure during the week. The week started off weak with brought over selling pressure from the previous week. This allowed STI to test its support at 3100 level again. This support level broke briefly on Tuesday but support at 20ma weekly line was … [Read more...]

First trade done in 2017

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It has been a while since I sold any stock. Today I have sold the Fastenal Co. stocks I owned. It is still a relatively new stock in my portfolio. I bought these stocks in Aug 2015. After selling the stock, I booked an approx. 42% profit. Frankly, I do not enjoy selling any stocks. However given the run up in the US market, I reckon it would be prudent to trim down my stock holding and … [Read more...]

Jan 2017 Trading

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This month is quite a good and profitable month. I managed to chalk up a handsome profit which is almost the same as my total profit in 2016. This is definitely a good start in 2017! If this continues for the rest of the year, I will definitely be a happy man. Especially for this kind of return per month, of course it out performed my dividend stock portfolio. However, in trading, we cannot expect … [Read more...]