Monday, June 8, 2009

I am watching Capitaland today.

1) It is uptrending if you pull out the chart and take a look.

2) It was dipping to support at 3.7, now it bounces to 3.77. I place a mental stop at 3.69. My risk is 8cts. My reward must be 24cts or more. I look at the 3.77+0.24=4.01. I do not see much resistance til the 4.15 level.

3) Bear in mind your exposure to the market. If you are already taking too many positions, it could get uncomfortable as the market fluctuates and will jolly well affect your emotions and your mental state and cause errors in jugdement. I try to read the market and the participants' sentiments with my right brain as well as my left. My right brain's jugdement will be impaired, meaning I cannot really have a intuitive feel for the market if my emotions come in.

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