Sold DBS at 14.84

Gain of 8.5R. That is great! My highest gain so far in this blog! Key lesson here is to ride your profits.
Remember the golden rule of trading: Ride your profits, cut your losses short.

Riding DBS on $2+ profit per share

I almost wanted to sell at $15 today. Taken over by emotion. But I recognised it and just hung on for the ride. That emotion is fear. Fear of letting my big gain get away and going off with a smaller gain. But these are old friends. They are with me every turn of the market. Greed and fear. But greed comes from fear. Fear of not having enough, fear of missing out.

I have a system to trail the profit. I look at the DBS chart and see a support at 14.9. So I will sell if (1) it ends below 14.9 at 12 noon or 4:30pm tomorrow, (2) candlestick reversal patterns at end of day tommorow. (3) Asian indices are mostly down.

Cheers, thanks for reading.

May sell DBS tomorrow morning depending on Dow tonight

DBS has a candlestick doji which means a reversal or pause. Likely scenario if Dow falls negative tonight, it may be the start of a downward swing. If Dow shows strength, may hold DBS til further notice.

Thats all folks! Be patient. Smile and be zen.:)

Monthly Review of Trades (MRT Oct)

1 trade only, these days, it is so sideways volatile that I am only doing 1 trade per month. Come to think of it, it is a sort of protection. Back from April til now when I did an average of 3 to 4 trades til September where I just did one. So buying on dips the technical analysis way, does protect you somewhat by reducing your entries. Less dips, less entries. Cool!

Here goes:
30/9 Wilmar long 6.28
22/10 sold 6.35
Profit= 0.4R