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Sunday, October 23, 2011

Monday Rally?

Well, I was very emotional on Friday. Again, Do not do any trading when you are emotional. You will make losses more than profits. It's true.

Perhaps, I went against my own trading rules. I learn 2 things last week.

1. Never chase a stock. You usually ended up making losses.
2. Warrants are double edge. Handle with care.

I went in Latexx at 1.7. It's true that there was a breakout. I went in too early. I keep averaging down Latexx till i have to make quite a huge losses. I sold half of it. Hoping Monday to be bullish.

Why I don't keep is I don't want to risk all my money on a single stock. When you lose, game over. Move on to the other stock. Unless you are a Fundamental Trader, then perhaps you can hold.

I have been experimenting many types of trading. ARMADA-CC is one of my warrant. It's a dangerous play.
I come across this forum and they just trade Warrants. a half cent profit is equivalent to RM 500 at least. Probably they have the software tools that indicates the chart every 5 mins.

Yeah, I know there's a software for it, but however, you need to subscribe it. a RM 180 per month is kinda expensive and I think I will just pass it.

Anyway, since Monday is going to open green, most of the stocks are probably going to open, green.
Here's what I got from these stocks.

LATEXX: Shooting star formed. Might be a strong reversal bearish. If breaks 1.42, it's a bearish.

WIJAYA: Might be a good buy here. 0.64 breaks, it's an uptrend. 0.59 is the vital support for bearish.

AIRASIA: MACD shows red. Likely will drop soon. Correction ahead, beware!

BIMB: Went up on Friday, but still not a good signal to go in. Overbought.

DIGISTA:  Looks nothing here. Hopefully something miracle will happen here soon. I still have it. But likely it will drop :(

MALTON: It will drop.

ULICORP: Remember I told you that I made losses on intraday. It's still a good buy. I should just keep it.
Damn my emo. I need to train to immune to it. If not, I will make more losses.

There's nothing more already. The other stocks look bearish. Might be not a good day ahead.

Any stocks can you recommend? Let me know :)

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