November 13, 2014
The headline (at The Straits Times, page B13 of November 13, 2014) reported STI, Straits Times Index down 0.3% due to lack of liquidity. Of course this is the fact; no one buy up but most profit taking. But why don’t someone tell you the day before.
So, when you read this what is your trading plan for the next few days. As told you one of the Trading Secret is to take trading like a business. You must have all the plan. What to do when STI continue to soar? What’s next when the STI fall? You can sit there and wait for the news! The News only reports what had happened. So, join the crow by sell down. Sure you can. If this is what your business strategy.
In life, there are many business follows the market. When the Japanese food is in demand, you open a Japanese restaurant. When Korean drama is hot, you start selling all Korean stuff. From the Korean’s household items, to food, to cloth and so on. You maybe safe if you join at the right time, otherwise you may be losing your pants.
Remember, one of the trading secret is no one will tell you that “trading is business”.
So, if it is business, you must have your trading plan; when to enter and when to exit.
See that Straits Times Index Daily Chart update. Look at the SR (support and Resistance Levels). In order to trade, you must learn some basic such as how to draw trendline, support and resistance.
Straits Times Index, STI Daily Snapshot taken November 13, 2014 around 2 pm.
Check out the Trading Secret from the site here (Google it)!
Thanks for checking out the site.
Moses
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