Posts

Sell Suntec Reit at S$1.47?

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 Should I sell Suntec Reit at S$1.47? 1. Sell supertrend signal appeared yesterday. 2. The first pullback after supertrend occurred today. 3. Sell while I'm still in profit. I queued yesterday at S$1.46 but it wasn't done. Hopefully I can catch it today at S$1.47. ~ The Rookie Trader Journal.

Buy Olam at S$1.26?

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Should I buy Olam at S$1.26? Why? 1. Green Supertrend signal appears. 2. First pullback after supertrend. 3. No bad news about Olam, only good. Let's place order. The rookie trader journal

Listed Fintech Companies In Singapore

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Which are the top 3 fintech companies listed in the Singapore stock exchange? 1. iFast 2. Silver Lake 3. Synagie Fintech is definitely a rising industry.  Should I invest in them all? Source:  https://www.sgx.com/research-education/market-updates/20200717-singapores-fast-growing-fintech-sector

Buy Creative, Frencken, and Silverlake?

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What to buy today? Check the signals from green Supertrends. Hence I queued for these stocks.  - All for short-term trading - Potential to earn about $100 or less - Prepare to let go when red Supertrend appears What do you think? The Rookie Trader

Supertrend Back Testing Results

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I found this very encouraging result for a rookie like me... - more losing trades than winning trades - profit doubles anyway - so just stick with one strategy long term https://youtu.be/AIZIHt45u2w

How To Forecast Sideways Market

  In order to successfully identify a sideways trading market, you will have to first find the levels of support and resistance. These two levels are virtual lines on the chart that seem to contain the price movement. When the chart reaches resistance it bounces down, and when it reaches support — up. -  https://paxforex.com/forex-blog/how-predict-sideways-market

What can I buy today?

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Based on Supertrend signals and potential upswing, I found the following stocks.  Potential US stocks to buy... - UAL US$37.40 - BAC US$25.66 Potential SG stocks to buy... - UG Healthcare S$2.64 The rookie trader journal

Money Flow Index Strategy

  What Does the Money Flow Index Tell You? One of the primary ways to use the Money Flow Index is when there is a  divergence . A divergence is when the oscillator is moving in the opposite direction of price. This is a signal of a potential reversal in the prevailing price trend. For example, a very high Money Flow Index that begins to fall below a reading of 80 while the underlying security continues to climb is a price reversal signal to the downside. Conversely, a very low MFI reading that climbs above a reading of 20 while the underlying security continues to sell off is a price reversal signal to the upside. Source:  https://www.investopedia.com/terms/m/mfi.asp

Buy Silverlake at S$0.31?

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 Should I Buy Silverlake at S$0.31? 1. Supertrend buy signal 2. First pull back after Supertrend  3. Promising fintech company  Beware though, this is a recommendation by someone through a friend.

Buy SBS at S$2.87?

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Should I Buy SBS at S$2.87? 1. Green Supertrend signal 2. Bullish RSI 3. Potential to go up after Covid. What do you think? News 2 weeks ago... SBS Transit: The transport operator saw its net profit fall 27.4 per cent to S$32.6 million for the half year ended June 30, as the use of public transport declined during the novel coronavirus pandemic. Revenue fell 14.9 per cent amid lower rail ridership. Before the results were released, SBS Transit shares moved up S$0.03 or 1.1 per cent to close at S$2.82 on Thursday... https://www.businesstimes.com.sg/stocks/stocks-to-watch-st-engineering-ocbc-golden-agri-uol-sbs-transit-rex  

CDP Two New E-services

FROM 1 September 2020, the Central Depository (CDP) rolls out two new online services. 1. S ubmission of election instruction for scrip dividend election, dividend currency election and takeover acceptance events through the Singapore Exchange (SGX) investor portal. 2. C ash distributions to be credited directly into investors' designated bank accounts via the CDP's free direct crediting service (DCS). Three other existing online services include... - currency conversion service,  - viewing of one's CDP portfolio on the SGX mobile application, and -  using PayNow to submit and pay for rights subscription. Oh great! I can use PayNow to submit and pay for rights subscription via CDP. Source: https://www.businesstimes.com.sg/companies-markets/cdp-offers-investors-two-new-e-services-from-sept-1 Rookie Trader Journal

Sembcorp Marine Rights Issue - What to do?

I have 3 options:  do nothing  sell the rights  subscribe  1. Do Nothing There is no cash outlay but if I let the rights lapse  I will then see my  stake diluted when the exercise is completed. 2. Sell the rights I can sell their rights in the market, so this option results in cash inflow .  The rights appear on the Singapore Exchange's website as "Sembcorp Marine R". https://sg.finance.yahoo.com/quote/THFR.SI?p=THFR.SI&.tsrc=fin-srch As the rights have an expiry date, the value of the rights will fall closer to the expiry date. 3. Subscribe This involves cash outflow and would entail paying SMM S$1 to get five new shares for each share currently held. This option would be suitable if I have faith in SMM's long-term future. Which should I choose? I want liquid cash to buy other stocks. So maybe I should sell the rights. In that case I must subscribe first! It might not be a good idea to throw good money after bad. Shareholders may wish to think t...

Buy American Airlines at US$13.44?

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 Should I Buy American Airlines at US$13.44? 1. One green Supertrend. 2. RSI bullish. 3. The airline industry will bounce back fast. This is promising.

Buy Biolidics at S$0.425?

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 Should I Buy Biolidics at S$0.425? 1. Second green Supertrend appears 2. RSI bearish 3. Medical stock It's only 43 cents. No need to think so much. Source:  https://sg.finance.yahoo.com/chart/8YY.SI

7 things about trading US stocks in Singapore

 7 things I need to know to trade the US stock market from Singapore. Why trade US stocks? US stocks can offer higher growth potential than Singapore-listed ones. What are the 3 indices available? S&P 500 Index, Dow Jones Industrial Average, and NASDAQ Composite Index. What time does the US market open and close? 9.30 am Eastern Time (ET) to 4 pm ET from Monday to Friday. In Singapore time, it’s 9.30 pm or 10.30 pm to 4 am or 5 am (depending on daylight savings).  What is the minimum number of shares I can buy from the US stock market? 1 share. In Singapore, it's a minimum of 100 shares. Which is the best US stock market broker on top of low commissions? Check the review list...   https://seedly.sg/reviews/online-brokerages Must I pay tax for dividends and earnings? Yes, there are  taxes involved when investing in US shares  as a Singaporean.  Investors need to take note of withholding tax for dividends, currency conversion fees, and US estat...

Buy ST Eng at S$3.42?

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Should I Buy ST Eng at S$3.42?  1. The second green Supertrend appears. 2. The first pullback after a Supertrend. 3. A tech stock that hasn't gone up yet. If things go wrong, can hold for the long term. Source:  https://sg.finance.yahoo.com/chart/S63.SI

Lesson: Stop Using RSI, a Supertrend is a Super Trend

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 If we were to follow the RSI signals, no one would have profited from this Medtecs spike. 1. The trend is caused by the news. 2. You can still buy if the green Supertrend is at the peak price. 3. RSI show overbought, yet bullish, which has no meaning. Come to worse, cut loss when the red Supertrend appears. Source:  https://sg.finance.yahoo.com/chart/546.SI

Buy SIA Eng at S$1.87?

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 Should I Buy SIA Eng at S$1.87? 1. Third Green Supertrend. 2. The first pullback after 3rd Supertrend. 3. Potential uptrend as the aviation industry evolves to survive. Buy and hold for the long term. Source:  https://sg.finance.yahoo.com/chart/S59.SI

How to use pivot point in trading

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What are pivot points? How can you use support and resistance levels within a pivot point Indicator? What types of pivot points are there? How do you use pivot points?  

Buy ST Eng at S$3.45?

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 Should I Buy ST Eng at S$3.45? 1. RSI is highly bullish. 2. Second Green Supertrend. 3. Tech stock. Source:  https://sg.finance.yahoo.com/chart/S63.SI