26 January 2008
New dummy trading system
uptrend + breakout system made good money for me before Oct 07. but cost me some money in recent months.
1 min chart system cost me some money recenty, I have stopped using it.
A warrant trading system developed by LKB, not by me, cost me largest money so far. I have given up this system.
New dummy trading system just developed and not practised yet. hopefully can make me some nice money in the future. this system is based on trends only - long, intermediate, short and super short term trends. they must be compatible with each other, and confirm each other, that means, all trends must point to the same direction, either up or down, before taking action, applicable to both bull and bear markets. no action can be taken if they are contradictory, meaning, they point to different directions like current market. this system applies to short term trading only though captures all market trends, aiming to gaining immediate profit with low risk within days.
uptrend + breakout system made good money for me before Oct 07. but cost me some money in recent months.
1 min chart system cost me some money recenty, I have stopped using it.
A warrant trading system developed by LKB, not by me, cost me largest money so far. I have given up this system.
New dummy trading system just developed and not practised yet. hopefully can make me some nice money in the future. this system is based on trends only - long, intermediate, short and super short term trends. they must be compatible with each other, and confirm each other, that means, all trends must point to the same direction, either up or down, before taking action, applicable to both bull and bear markets. no action can be taken if they are contradictory, meaning, they point to different directions like current market. this system applies to short term trading only though captures all market trends, aiming to gaining immediate profit with low risk within days.
Labels: Historical Teachings, Stock Trading System
Live Trading Records for 23 Jan 08, Wed
Tat bot 2.52 sold 2.48
STX bot 2.32 sold 2.27
OCBC bot 7.5 sold 7.53
DBS bot 17.70 sold 17.68
Jiu bot .24 sold .235
YZJ bot 1.26 sold 1.27
CG added .28
SembCorp bot 4.50 sold 4.55
UOB bot 16.80 sold 17.00
fed up with current market conditions! I have lost my phycological balance.
plan to focus on exiting remaining long positions and potential short opportunities after market completes rebound since genreal trends for most STI components are down measured by short, mid to long term moving averages - why should I long in a big way this morning, was it absurd?
Live Trading Records for 24 Jan 08, Thu
CG sold 45 lots at .27 bot yesterday to reduce exposure
Tat bot 2.52 sold 2.48
STX bot 2.32 sold 2.27
OCBC bot 7.5 sold 7.53
DBS bot 17.70 sold 17.68
Jiu bot .24 sold .235
YZJ bot 1.26 sold 1.27
CG added .28
SembCorp bot 4.50 sold 4.55
UOB bot 16.80 sold 17.00
fed up with current market conditions! I have lost my phycological balance.
plan to focus on exiting remaining long positions and potential short opportunities after market completes rebound since genreal trends for most STI components are down measured by short, mid to long term moving averages - why should I long in a big way this morning, was it absurd?
Live Trading Records for 24 Jan 08, Thu
CG sold 45 lots at .27 bot yesterday to reduce exposure
Labels: Live Trading Records
20 January 2008
DOW
just read dow's chart, I guess dow could have a chance to stage a strong rebound to 12900 from 12000 in coming weeks. but we can only view this oversold rebound as a technical rebound (pulling back to neckline of the head and shoulders formation after breakdown on the weekly chart of dow to test validity of the breakdown of this SHS) for squaring off all long positions and preparing for shorting near there subject to confirmation of downtrends on both daily chart and hourly chart of dow.
STI
wave A of the bear market in form of 5 clear impulsive waves could have completed at 3008, wave B rebound (suckers' rally) could have started from 3008.
Strategy
buy important STI components when it approaches 3008 again, if possible.
STI wave B rebound (suckers' rally) target: 3457 / 3562
STI resistance: 3300 could be significant in short term.
just read dow's chart, I guess dow could have a chance to stage a strong rebound to 12900 from 12000 in coming weeks. but we can only view this oversold rebound as a technical rebound (pulling back to neckline of the head and shoulders formation after breakdown on the weekly chart of dow to test validity of the breakdown of this SHS) for squaring off all long positions and preparing for shorting near there subject to confirmation of downtrends on both daily chart and hourly chart of dow.
STI
wave A of the bear market in form of 5 clear impulsive waves could have completed at 3008, wave B rebound (suckers' rally) could have started from 3008.
Strategy
buy important STI components when it approaches 3008 again, if possible.
STI wave B rebound (suckers' rally) target: 3457 / 3562
STI resistance: 3300 could be significant in short term.
Labels: Charts, Elliot Wave Analysis
Live Trading Records for 14 Jan 08, Mon
Capland sold 5.92 on match, -7.6% to reduce exposure
Cosco shorted 5.46
Rotary shorted 1.15
ChinaEnergy shorted 1.14
Live Trading Records for 15 Jan 08, Tue
Cosco short covered 5.20, +4.8%
ChinaEnergy short covered 1.15, -0.9%
Rotary short covered 1.14, +0.9%
D6NW HSImblECW080130Q bot .12, dropped 44% from day high .205 to low .115, play potential intraday rebound
Live Trading Records for 16 Jan 08, Wed
RafflesEdu shorted 2.66
UniAsia shorted .78
Panhong sold .765, -15.0%
AsiaEnt sold .43, -10.4%
DY4W STIbnpEPW080228R bot .335 / .33 100 lots by following LKB at 16:26 16:32 (LKB bot at .34 at 2:11pm)
Live Trading Records for 17 Jan 08, Thu
DY4W STIbnpEPW080228R sold .315 / .32 / .325, -3.8% cut based on LKB system.
D6NW HSImblECW080130Q sold 0.025, -79.2%
what an ordeal for me in the past 2 days! made another mistake this morning - attempted to sell before others, had queued at 0.04 based on my careful calculation of its theoretical price which should be 0.038 at least today since HSI futures rising but sb else jumped the queue and queued in front of me, so I kept on changing my sell order from 0.04 to 0.045 (buy queue 0.045) to 0.035 to 0.025. when I realised that this was overdone and the sell order was too far away from the min theoretical price of 0.038 and tried to withdrew it but unsuccessful - already done at 0.025, high 0.04 so far. If I had not done anything and just kept the 0.04 sell order there, it would have been filled. this is a "purposely" made mistake!
however, mistake had been made, let it be.
I'm feeling better now. I have to stop trading for some time now and cool down first.
UniAsia short covered .81, -3.8%
RafflesEdu short covered 2.73, -2.6%
Jiutian bot .245 / .26 / .27X353 lots, 0.2599 on average, volume largest 100.757m shares, obvious accumulation on bottom, chart very bullish, morning star on daily chart and far away from significant resistance (.4, meaning too oversold, hammer on weekly chart, to be the focus of manipulations in coming days, main resistance .43 to .48 (strong)
FirstRes bot 1.42 / 1.47X26 lots, 1.4527 on average, volume 2nd largest 74.7m, a major market manipulation target in the former bull run (rose from .995 to 1.95 within 11 market days during bearish market phase), hammer
JES bot .51
YZJ bot 1.54
STX bot 2.60
Cosco bot 4.91
SGX bot 9.98 / 9.86
FibreChem bot .845
DBS bot 19.06
UOB bot 18.00
market reversed furiously for no reason, maybe being oversold too much.
Live Trading Records for 18 Jan 08, Fri
Jiutian sold .245, -5.8%
FirstRes sold 1.42, -2.3%
STX sold 2.49, -4.2%
ER7W HSImblECW080228Q sold .205/.21/.225, -23.8%
JES sold .50, -2.0%
Fibrechem sold .825, -2.4%
YZJ sold 1.49, -3.2%
Cosco sold 4.84, -1.4%
UOB sold 17.72, -1.6%
DBS sold 18.94, -0.6%
SGX sold 9.73, -1.9%
I must give up warrants from now on, intrinsic risks of warrants are simply too high for me though some people like Lee Kok Beng can still manage to make some decent money from them. in other words, my skills are not good enough to play warrants.
playing warrants costs me highly as you have seen.
I plan to focus on stocks only from now on.
good bye! brothers and sisters. I will not play warrants with you any more. anyone join me?
best wishes!
so far, lost 14.5% of my total trading capital from 01 Jan 08 to date. if I had put in all the capital in the market, the amount of losses would have been too huge to accept.
by just putting a small portion of the trading capital under risk, the % loss can be so huge. one can imagine how terrible the market is nowadays.
Capland sold 5.92 on match, -7.6% to reduce exposure
Cosco shorted 5.46
Rotary shorted 1.15
ChinaEnergy shorted 1.14
Live Trading Records for 15 Jan 08, Tue
Cosco short covered 5.20, +4.8%
ChinaEnergy short covered 1.15, -0.9%
Rotary short covered 1.14, +0.9%
D6NW HSImblECW080130Q bot .12, dropped 44% from day high .205 to low .115, play potential intraday rebound
Live Trading Records for 16 Jan 08, Wed
RafflesEdu shorted 2.66
UniAsia shorted .78
Panhong sold .765, -15.0%
AsiaEnt sold .43, -10.4%
DY4W STIbnpEPW080228R bot .335 / .33 100 lots by following LKB at 16:26 16:32 (LKB bot at .34 at 2:11pm)
Live Trading Records for 17 Jan 08, Thu
DY4W STIbnpEPW080228R sold .315 / .32 / .325, -3.8% cut based on LKB system.
D6NW HSImblECW080130Q sold 0.025, -79.2%
what an ordeal for me in the past 2 days! made another mistake this morning - attempted to sell before others, had queued at 0.04 based on my careful calculation of its theoretical price which should be 0.038 at least today since HSI futures rising but sb else jumped the queue and queued in front of me, so I kept on changing my sell order from 0.04 to 0.045 (buy queue 0.045) to 0.035 to 0.025. when I realised that this was overdone and the sell order was too far away from the min theoretical price of 0.038 and tried to withdrew it but unsuccessful - already done at 0.025, high 0.04 so far. If I had not done anything and just kept the 0.04 sell order there, it would have been filled. this is a "purposely" made mistake!
however, mistake had been made, let it be.
I'm feeling better now. I have to stop trading for some time now and cool down first.
UniAsia short covered .81, -3.8%
RafflesEdu short covered 2.73, -2.6%
Jiutian bot .245 / .26 / .27X353 lots, 0.2599 on average, volume largest 100.757m shares, obvious accumulation on bottom, chart very bullish, morning star on daily chart and far away from significant resistance (.4, meaning too oversold, hammer on weekly chart, to be the focus of manipulations in coming days, main resistance .43 to .48 (strong)
FirstRes bot 1.42 / 1.47X26 lots, 1.4527 on average, volume 2nd largest 74.7m, a major market manipulation target in the former bull run (rose from .995 to 1.95 within 11 market days during bearish market phase), hammer
JES bot .51
YZJ bot 1.54
STX bot 2.60
Cosco bot 4.91
SGX bot 9.98 / 9.86
FibreChem bot .845
DBS bot 19.06
UOB bot 18.00
market reversed furiously for no reason, maybe being oversold too much.
Live Trading Records for 18 Jan 08, Fri
Jiutian sold .245, -5.8%
FirstRes sold 1.42, -2.3%
STX sold 2.49, -4.2%
ER7W HSImblECW080228Q sold .205/.21/.225, -23.8%
JES sold .50, -2.0%
Fibrechem sold .825, -2.4%
YZJ sold 1.49, -3.2%
Cosco sold 4.84, -1.4%
UOB sold 17.72, -1.6%
DBS sold 18.94, -0.6%
SGX sold 9.73, -1.9%
I must give up warrants from now on, intrinsic risks of warrants are simply too high for me though some people like Lee Kok Beng can still manage to make some decent money from them. in other words, my skills are not good enough to play warrants.
playing warrants costs me highly as you have seen.
I plan to focus on stocks only from now on.
good bye! brothers and sisters. I will not play warrants with you any more. anyone join me?
best wishes!
so far, lost 14.5% of my total trading capital from 01 Jan 08 to date. if I had put in all the capital in the market, the amount of losses would have been too huge to accept.
by just putting a small portion of the trading capital under risk, the % loss can be so huge. one can imagine how terrible the market is nowadays.
Labels: Live Trading Records
12 January 2008
Live Trading Records for 07 Jan 08, Mon
Gent sold .675, -1.5%
Sunvic sold .27, -12.9%
STX sold 3.12, -2.5%
NOL sold 3.70, -8.9%
Cosco sold 5.83, -2.5%
Broadway sold .97, -14.2%
HSImblECW080130Q bot .28 sold .31, +10.7% bot .355 at 4.45pm based on LKB system (conditions not fully met)
STIdbkECW080303 bot .155
Live Trading Records for 08 Jan 08, Tue
D6NW HSImblECW080130Q sold .365 / .375 / .385, +5.6% bot .355 sold .38, +7.0% bot .355 added .335 both US and Europe green green meeting all conditions of LKB system, worth betting added .345
C3PW STIdbkECW080303 sold .165, +6.5%
Cacola added .46, double bottom breakout with huge volume
Live Trading Records for 09 Jan 08, Wed
D6NW HSImblECW080130Q sold 1/3 at .265, -23.2% sold another 1/3 at .275, -20.3% sold remaining 1/3 at .285, -17.4% . lost 20.3% on average . shorted first batch .30 covered .35, -16.7%
Live Trading Records for 10 Jan 08, Thu
Courage Marine bot .43 / .42
China Milk bot 1.17
AsiaEnt bot .48
Ecowise bot .25
Aztech bot .33
Live Trading Records for 11 Jan 08, Fri
Lian sold .77, -3.8%
Ecowise sold .28, +12.0%
Capland added 6.15, sold 6.01, -2.3%, to reduce exposure
SingTel bot 3.92, sold 3.94, +0.5%, to reduce exposure
ChinaMilk sold 1.16, -0.9%, to reduce exposure
Gent sold .675, -1.5%
Sunvic sold .27, -12.9%
STX sold 3.12, -2.5%
NOL sold 3.70, -8.9%
Cosco sold 5.83, -2.5%
Broadway sold .97, -14.2%
HSImblECW080130Q bot .28 sold .31, +10.7% bot .355 at 4.45pm based on LKB system (conditions not fully met)
STIdbkECW080303 bot .155
Live Trading Records for 08 Jan 08, Tue
D6NW HSImblECW080130Q sold .365 / .375 / .385, +5.6% bot .355 sold .38, +7.0% bot .355 added .335 both US and Europe green green meeting all conditions of LKB system, worth betting added .345
C3PW STIdbkECW080303 sold .165, +6.5%
Cacola added .46, double bottom breakout with huge volume
Live Trading Records for 09 Jan 08, Wed
D6NW HSImblECW080130Q sold 1/3 at .265, -23.2% sold another 1/3 at .275, -20.3% sold remaining 1/3 at .285, -17.4% . lost 20.3% on average . shorted first batch .30 covered .35, -16.7%
Live Trading Records for 10 Jan 08, Thu
Courage Marine bot .43 / .42
China Milk bot 1.17
AsiaEnt bot .48
Ecowise bot .25
Aztech bot .33
Live Trading Records for 11 Jan 08, Fri
Lian sold .77, -3.8%
Ecowise sold .28, +12.0%
Capland added 6.15, sold 6.01, -2.3%, to reduce exposure
SingTel bot 3.92, sold 3.94, +0.5%, to reduce exposure
ChinaMilk sold 1.16, -0.9%, to reduce exposure
Labels: Live Trading Records
05 January 2008
Live Trading Records for 24 Dec 07, Mon
C3PW STIdbkECW080303 sold .27 / .28 / .29, +12.0%
EA3W STIsgaECW080328R sold .365 / .365 / .37, +6.3%
D6NW HSImblECW080130Q sold .70 / .715 / .725, +15.1%
Live Trading Records for 25 Dec 07, Tue
Public holiday - Christmas
Live Trading Records for 26 Dec 07, Wed
Cosco bot 5.98, testing new system
SGX bot 13.36, -do-
Live Trading Records for 27 Dec 07, Thu
NOL bot 4.06
YZJ bot 2.00
Capitaland bot 6.42
Gent bot .685
Live Trading Records for 28 Dec 07, Fri
DK8W HSIsgaEPW080130T bot .41, sold .375, -8.5%
DY4W STIbnpEPW080228R bot .165, sold .165, +/-0.0%
F&N bot 5.74
Live Trading Records for 31 Dec 07, Fri
SGX sold 13.36, +/-0.0%
Live Trading Records for 01 Jan 08, Tue
New year's day
Live Trading Records for 02 Jan 08, Wed
F&N sold 5.86, +2.1%
YZJ sold 1.97, -1.5%
Live Trading Records for 03 Jan 08, Thu
Lian Beng bot .80
D6NW HSImblECW080130Q bot .355, sold .375, +5.6% bot .355 bot .355 bot .355 bot .345 sold 58% at .34 to reduce overnight exposure, -2.9%
D3VW HSImblEPW080130P shorted .365, covered .35, +4.1%
STX bot 3.20
Live Trading Records for 04 Jan 08, Fri
D6NW HSImblECW080130Q sold remaining 42% at .35 / .36 / .37, +1.4%, lucky! low .32
C3PW STIdbkECW080303 sold .27 / .28 / .29, +12.0%
EA3W STIsgaECW080328R sold .365 / .365 / .37, +6.3%
D6NW HSImblECW080130Q sold .70 / .715 / .725, +15.1%
Live Trading Records for 25 Dec 07, Tue
Public holiday - Christmas
Live Trading Records for 26 Dec 07, Wed
Cosco bot 5.98, testing new system
SGX bot 13.36, -do-
Live Trading Records for 27 Dec 07, Thu
NOL bot 4.06
YZJ bot 2.00
Capitaland bot 6.42
Gent bot .685
Live Trading Records for 28 Dec 07, Fri
DK8W HSIsgaEPW080130T bot .41, sold .375, -8.5%
DY4W STIbnpEPW080228R bot .165, sold .165, +/-0.0%
F&N bot 5.74
Live Trading Records for 31 Dec 07, Fri
SGX sold 13.36, +/-0.0%
Live Trading Records for 01 Jan 08, Tue
New year's day
Live Trading Records for 02 Jan 08, Wed
F&N sold 5.86, +2.1%
YZJ sold 1.97, -1.5%
Live Trading Records for 03 Jan 08, Thu
Lian Beng bot .80
D6NW HSImblECW080130Q bot .355, sold .375, +5.6% bot .355 bot .355 bot .355 bot .345 sold 58% at .34 to reduce overnight exposure, -2.9%
D3VW HSImblEPW080130P shorted .365, covered .35, +4.1%
STX bot 3.20
Live Trading Records for 04 Jan 08, Fri
D6NW HSImblECW080130Q sold remaining 42% at .35 / .36 / .37, +1.4%, lucky! low .32
Labels: Live Trading Records
