Please feel free to email me or comment regarding any stocks you are interested in. BTW DBS should be cut too.
This title came about when I stumble upon a book: 'The Clipper Ship Strategy: For Success in Your Career, Business and Investments' by Richard Maybury. I am an automated forex trader and strategy programmer. Yes I trade my own forex strategy written by myself from scratch. I also trade the Singapore stock market occasionally when the opportunity presents itself. This blog hopes to educate traders not investors.
Monday, June 15, 2009
What's next?
Ok, now that I have cut OCBC, I will be looking at Dow Jones in the morning. The level to watch is 8600. If it breaks strongly, I will be looking to cut loss on Capitaland as well. If not I will be watching for any rebounds that take out the previous high on a half-daily chart. The stocks I am watching will be Wilmar, DBS, UOB, SIA, and even OCBC. I do not watch many stocks, just the banks and some strong notable ones. Strong stocks give you time to cut your losses small in a downturn, while they also tend to rise up faster than others should the rally resume.
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