October 8, 2016
How Much Have You Been Benefit?
How much you have been benefit from reading the posts here? We do US stock analysis, Singapore stock analysis. Some may find it interesting, because it provides a different perspective. Some may say it is inacurrage. Different people different view. Remember we have told you the information here is solely for education purpose. Not for buy and sell signals.
The intend is it shows you a different way to read the bars, to read the chart, to think differently. Some may want to go straight to the point, buy or sell and not that there are three possibilities. Those will think it is a waste of time.
If you have been trading, you know pretty well trading has never been easy. It is not so much just a buy and sell. It involves a lot of thinking and emotion management. If the analysis is so easy and accurate, there will be zero analyst.
Looks, remember all setup can fail. A real trader and master will tell you that failing trade is normal.
If you have not fail before, be careful. When it fails it could easily wipe out all your capital. Because in your dictionary you cannot failure this word. I am serious.
As a trader, please trade responsibly and manage your risk within means.
I remember I worked for a company, and the company was just went public. The company was a very promising company, the stock price went rocket (at that time) right after IPO. If I can recall, the price went from 3 plus dollars to more than thirteen within a very short period of time, in a month, or less than three months. Sorry cannot remember.
One day, the price came down to near IPO price. My boss ask me to quickly buy. As it is a good opportunity. If the price when back to thirteen or even higher. I would have made so much. I told my boss at that time, I do not have so much money to buy. His reply was, take a bank loan.
Now if anyone can predict and know where will the price be going and how much it will go. Sure! But, no one. Even when the company is doing a good job, making good product and making money. The stock price may be still go down, go lower even.
The true for the company was, shortly after, the price went below and stay sub dollar. Wow, you see. I will be in deep trouble if I follow the advice.
Rule number one, never borrow money to trade. Trade your spare money. Money that can afford to hold for sometimes or indefinite.
Trade sensible, trade carefully, trade responsibly.
Have fun!