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Showing posts from June, 2020

Best Trend Reversal Indicator For Stock Trading

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MACD  indicator... The histogram and the line crossing the zero level is a  good reversal  signal. Note that the zero level must be crossed by the two lines. If the histogram crosses the zero level but the line doesn't, you don't open a trade. Source:  https://pipbear.com/indicator/trend-reversal/#:~:text=MACD%20indicator,-While%20MACD%20can&text=The%20green%20histogram%20and%20the,don't%20open%20a%20trade . That means right now there maybe a downtrend confirming soon. Singapore stocks opened generally higher today. I have nothing to buy and nothing to sell. Let's take a break. Adrian's Journal The rookie trader

The importance of stop loss

RSI indicators on most stocks show the buy signal. I am not buying for 2 reasons. 1. There is a second wave of covid 19 but the prices are still above the price of the first wave. It should be lower. 2. My capital is spent. Lessons learned. - Sell when sell target is hit. Do not let profits run.     - Cut losses when stop loss target is hit. So I can have the capital to trade.  What to do now? - Hold. Wait till the covid 19 vaccine is ready. The markets will jump up. My investments will boom. That is reported to happen next year. Adrian's Journal The rookie trader-investor

Singapore stocks bouncing back up

SGX may be bouncing back. I'm using the RSI indicator. Mapletree Industrial Trust may be too high. Yes I speak layman language.  Capital Land may have hit bottom.  I'm reviewing every chart manually.  SIA, Sembcorp Marine can buy. Can sell gold. Manual screening is getting exciting. Must find a free software screener. Time to trade in US stock market. Price movement there is faster and bigger. Let's go activate my POEMS US trading account. Adrian's Journal The rookie trader

Picking low hanging fruits in the stock market

COVID-19 Vaccine will not be here till next year. Expect a second wave with lockdowns, business closures, and job cutting. US market closed -2.72%. SG market opens down -1.3%.  Let's use the RSI indicator to locate low hanging fruits... aka what to buy. Beware of false signals. Use RSI and EMA crossovers. Get ready to buy Starhub, Capital Land Which are the best Singapore stocks for day trading? "As a Singaporean, you’ll find my answer quaint because I’ve tried day trading SGX stocks and stopped after some time. The experience has been disappointing because our Singapore stock market lacks liquidity. The volume ( except for the 30 top volume counters ) is generally low. Furthermore, most of the top 30 stocks are in the penny stock category which is a gamble if you tried to earn money from them..." -  https://www.quora.com/Day-Trading-Stock-trading-picks-to-apply-in-SGX-market No way to day trade in the Singapore market. Night trade in the US market instead. How about Swin

Boring Day

The only way to go is up. So buy more. Let's use the 14 day RSI method. Any buy opportunity?  StarHub at $1.30? Sembcorp marine at 48 cents? Nothing to sell of course. The rest are moving sideways. Boring day. See you tomorrow. Adrian's Journal

Buy Sembcorp Marine at S$0.49?

US market ended higher by less than 1% yesterday. So I expect the Singapore market to open higher. Any buy or sell opportunities? Buy First REIT at S$0.70? Buy Sembcorp Marine at S$0.49? The SG market actually went down instead. Today, I learned about RSI indicators. Buy on RSI 30%. Sell on RSI 70% Hence Sembcorp Marine... Adrian's Journal

STI opened 0.2% lower on Monday morning

Monday 9:00 a.m. Markets opened mixed. General news from business times and Yahoo Finance are on the negative side stressing about the pandemic effect on businesses. Any buy opportunities? Let's scan the watch list and look at my portfolio status. SPH still looks good at 1.33. Maybe first r e i t at 0.70. What to sell from my portfolio? Maybe s a t s but not yet. Wait a little while. Adrian's Journal

Going nowhere

9:00 am. Mostly opened down. The kind of sideways down. Meaning down by point zero something percent.  Any buy or sell opportunity? Sell SATS? Lesson learned: 👉 Let the profits run BUT sell immediately when sell target is hit. Adrian's Journal

STI ends 0.10 % higher with mixed signals.

No morning monitoring today. Had a class to conduct. 5:30 pm.  STI ended just 0.10 % higher. Most prices are like moving sideways. Nothing to buy. Nothing to sell. Adrian's Journal

SG Shares Open Higher - OCBC SORA Loan News

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My watch list opened green today. All of them. Is this right? Isn't there supposed to be a covid 19 second wave scare? Yesterday's buy are both in the profit. ComfortDelgro and OCBC. Any buy opportunity this morning? Can't spot any. Any sell opportunity? Not yet. Any news? Singapore shares jump after Phase 2 announcement; STI up 2.4% at open -  https://www.businesstimes.com.sg/stocks/singapore-shares-jump-after-phase-2-announcement-sti-up-24-at-open OCBC in the news...  OCBC Bank and CapitaLand have inked Singapore’s inaugural loan facility agreement referencing the Singapore Overnight Rate Average (SORA), for a S$150 million three-year corporate loan. -  https://www.businesstimes.com.sg/companies-markets/capitaland-receives-singapores-first-sora-based-loan-from-ocbc Source:  https://sg.finance.yahoo.com/quote/O39.SI?p=O39.SI What can you do better? 👉 Find a free software to identify under valued stocks. Adrian's Journal

Shares open low, eyeing at ComfortDelgro

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Prices open down. Banks are falling. Based on US Citibank and Exxon, looks like prices must fall below the recent valleys. SPH and SGX are exceptionals.  Can buy? ComfortDelgro looks like a buy at S$1.59. Anything to sell? This is not the time to sell. Is it possible to make money from stocks every day? https://www.quora.com/Is-it-possible-to-earn-money-every-day-in-stock-market Adrian's Journal

STI down 3.4% at Friday's open

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Markets open down as expected. Most have fallen below recent peaks. Venture has fallen below tenant valleys. SGX and SPH performing not moving much at the bottom. SIA fallen close to the rights low price of $3.80. Of course there's nothing to sell. Is there anything to buy? Probably... - SIA $4.00 On the US market last night. Stocks I follow fell halfway between recent peaks and valleys. So it's hard to make the decision.  STI down 3.4% at Friday's open https://www.businesstimes.com.sg/stocks/singapore-shares-continue-slide-from-asia-rout-sti-down-34-at-fridays-open It gets better later... Source:  https://sg.finance.yahoo.com/quote/%5ESTI?p=^STI Adrian's journal

Markets Open In The Red

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9:00 am Markets in the red.  Looks like profit taking. Following US market. Source:  https://sg.finance.yahoo.com/quote/%5ESTI?p=^STI US stock Exxon fell US$2.87. There's is no bad news. Anything to buy?   Nothing to buy. Nothing has fallen big enough. Let the profit taking or correction happen for another day tomorrow. Valuetronics and SPH still look very tempting though. Anything to sell? I'm so glad I sold sembcorp ind yesterday... Beware put emotions aside! Looking at the charts I realized the two big sales that I make were spikes. SGX and Sembcorp industries. Then I realized there's one spiking stock that I missed... VICOM... IT WAS OUT OF MY RADAR SYSTEM. Lesson learned: stay informed of the latest news. Next action: download all the news apps with notifications turned on. Yahoo Finance and Business Times. Singapore shares fall at Thursday's open after Fed announcement; STI down 1.1% https://www.businesstimes.com.sg/stocks/singapore-shares-fall-at-thursdays-open-a

Sell Sembcorp Industries at$2.14

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9:00 am. Market opened mostly on the up side, except SIA, AIMS, and Genting Sing. Any news? No news. Anything to buy? Correction is happening in most counters. Who dropped the most? Many dropped about 5%. Not exciting. The banks are still rising. VICOM is crazy high at $9.06. Valuetronics is still low but with a doubtful future. Venture has fully corrected but uncertain of the next movement. So nothing to buy. Anything to sell? Semcorp Industries at $2.14? Lesson? Follow what the big players do. Adrian's Journal 

Sembcorp Marine Temasek News

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Sembcorp Marine in plan to raise $2.1 billion with support from Temasek, demerge from parent ...  https://www.straitstimes.com/business/companies-markets/sembcorp-marine-to-raise-21-billion-with-support-from-temasek-demerge What to buy today? Sembcorp Marine at $0.50. Source:  https://sg.finance.yahoo.com/quote/S51.SI?p=S51.SI Maybe also SPH at $1.35. Maybe SGX at $8.35. The others are rising fast. Venture is falling. Why?  Adrian's Journal

ST Engineering Cyber Attack Bad News

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What happened in the morning? ST Engineering is not falling as fast as it should be due to cyber attack bad news...  https://www.straitstimes.com/business/st-engineering-us-subsidiary-hit-with-criminal-ransomware-attack Venture Corp is falling. Why? What to sell today? ST Engineering at $3.50. What to buy? - SPH at $1.35? - Valuetronics at $0.60? Adrian's Journal

Profit Taking Predicted For Singapore Stock Market

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Boring market this morning. Profit Taking Predicted For Singapore Stock Market...  https://www.nasdaq.com/articles/profit-taking-predicted-for-singapore-stock-market-2020-06-04 Anything to sell? Anything to buy? I see SGX at S$8.40 waiting to climb.  Valuetronics dropping at S$0.58. Then there are Lippo and SPH. Get them at 4pm. Source:  https://sg.finance.yahoo.com/quote/S68.SI?p=S68.SI Adrian's Journal

Singapore Stock Market Rally 2020

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Prices open high and shooting up the morning. Is it time to sell? Or let the profits run? Is it normal for prices to go back to normal when we are still in a recession? Will there be another huge drop coming? There might be.  So let's spot a stock in my portfolio to sell. One that is unusually high. Venture at S$16.50? Ascendas REIT at S$3.19? Sasseur REIT at S$0.79? Mapletree logistics trust at S$1.92? Did I just spot a buy opportunity? Valuetronics at $0.60? Something went wrong toward 10am. Profit taking. Prices going down. I saw some stocks hitting way above my target sell price. Then I decided to let the profits run. Lo and behold! The prices went the other way. Lesson learned: Never let profits run Sell at sell target price Stock with the formula Don't be greedy. Don't feel regret. Adrian's Journal

Let the Profits Run

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Nearly every stock in my portfolio is up this morning at the opening. I guess it is because of the lifting of circuit breaker lockdown... It's day 2. Is there any stock that is going down? Is there a buying opportunity? It could be SGX at $8.27 or lower. There is a high possibility that the price may go down further.  Source:  https://sg.finance.yahoo.com/quote/S68.SI?p=S68.SI Is there a selling opportunity? Not today, let the prophets run. Looking at the charts, I wished I could have bought more. What did I learn? When I see an opportunity to buy with a huge potential margin of profit, buy at the current price. My mistake was to queue at a lower price which eventually never happened. If the stocks I bought go down instead of up, buy some more when it goes below - $100. Do the dollar-cost averaging strategy. Sell when the price hits $300 or when the price hits the ceiling and show no possibility of any higher price point. DEFINITION of Let Your Profits Run Let your profits run is a

First day of circuit breaker lift

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What happened from 9am to 10am? Markets opened on a high note. Today is the first day of the lockdown lifting.  Most stocks are going up and on the high side. All except 3. SIA, SINGTEL, and SPH. Get them!  What worked? Why? Done! Bought SingTel x1000 shares at S$2.52. Coming soon... What did not work? Why? What did you learn? What can be done better?