Welcome!
I enjoy attending trading mastermind session. In my experience I find there is always something to learn from in the meeting. I remember I sat in one of my trading guru Collin Seow session. Just for your information, he has recently published a book, The Systematic Trader.
This is how a typical mastermind session run; the trainer will recap the methods that he though and followed by allowing the student to ask questions.
Most of the time, the students will take the opportunity to tap of the guru mind. The student will ask about what are the stocks the guru think will goes up or come down in the near future, or immediate future.
This was what happened, for a particular stock where everyone including Collin himself thought the trend for its near future will continue to fall. However, I student stood up and said, she has just made a buy up and she asked Collin so now how.
Collin looked at her and said, he trust she must have many reason to support the buy up. As long as she is happy with those reason, it is not wrong although everyone has a bearish opinion. Stick to it. But be careful.
I was happy with Collin’s replied to the student. Until today, I find that is the perfect answer. In fact, in trading you must find as many supporting reasons for your trade and stick to it.
Now, let see do you have any reason to catch the falling knife for SMRT stock?
SMRT Corporation Limited, S53
Remember our mantra, you can buy or sell any time, as long as you find a good reason to buy or sell. Buy when the price action near support and completed a bullish chart pattern. Sell when the price action near a resistance and completed a bearish chart pattern.
SMRT Corporation Stock Big Picture
Can the level become a significant one for those try to catch the falling knife if you look from a bigger picture?
You can google stock to find other stock.
Thanks for visiting the website.
Moses
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