hi richtan, thank u so much for your invaluable advice! much appreciated. Morale has been rather low for the past few days but i understand what you mean. Trading is a life-long art and  i know this is just the beginning of my journey. Will learn from mistakes and pick up TA and trading knowledge day by day and also remember the 2 mantras by heart and execute them properly.

 Hope to learn more from you and the rest of the kind forumers along this journey. Cheers!

Thanks weishen, I m touched n gratified by u n all forumers tat express their appreciation to me.

Do not be put off by the losses, I had been there too n even now n then still need to cut-loss as no one can claim tat they are perfect n make money on every trade, whoever tells u tat, are lying thru their nose n best to not believe them n their calls.

TA is not infallible, so the key to making money is, remember the mantra: "Cut losses short n let profit runs with trailing stops", we need to let profit run as much as we can to cover for all the losses, so when in profit, do not to too eager to lock in profits till u see reversal sign (eg candles, need to learn how to spot reversal candles, support, resistance, ma, lowerhighs n lower lows, etc).

Do not be too eager n rush into n chase a trade till u can rationally convinced yourself thru your TA analysis but again remember it is not infallible so set stop loss n execute the cut-loss if hit, dun get emotional n hold onto your losses, preserve your ammunition to fight another day, remember the 2nd mantra: "Plan your trade n trade your plan". At all times, remember by heart these 2 important mantras.

weishen81      ( Date: 26-Jun-2009 18:42) Posted: Yes. Fully agreed with dealer0168 and naka88. richtan has really been contributing alot in terms of knowledge to everyone especially newbies like me. The willingness to share already deserves a big applause! Even though i got burnt during the recent fast-and furious selldown of CHHX... Painful but its one great lesson learnt. Will continue to brush up on physchology and trading skills. cheers!

Hi weishen, dealer0168, naka88, cathy, DnApeh n all foother forumers tat appreciate my posting.

I m overwhelmed n deeply gratified by all your expression of appreciation n would be even more gratified if all of u rate me fairly, give me a good rating if u think u appreciate my posting to boost my moral n vice-versa, as I noticed tat I had recieved a lot of "childish" bad rating on a lot of my TA n factual postings by those whom had an axe to grind with me (I m sure u know who they are).

In any case, just to let these "childish bad rating behaviour" forumer know, bad rating does not affect my ranking a single bit but instead reflect on your childishness which most forumers n I know who you are.

Oh yah, weishen, since u are an army guy, I shall use the analogy of "debrief".

In military exercise, after the excercise is over, there is always a "debrief" to review all the mistakes made, likewise, in trading do a "debrief (ie. review), pull out the chart n see wat u could have done wrong (but b4 tat, u need to be well-versed by reading up TA, otherwise, u dun even realise wat is the mistake) n learn from tat lesson.

Alas, trading  is also another lifelong learning process.

Thanks weishen, I m touched n gratified by u n all forumers tat express their appreciation to me.

Do not be put off by the losses, I had been there too n even now n then still need to cut-loss as no one can claim tat they are perfect n make money on every trade, whoever tells u tat, are lying thru their nose n best to not believe them n their calls.

TA is not infallible, so the key to making money is, remember the mantra: "Cut losses short n let profit runs with trailing stops", we need to let profit run as much as we can to cover for all the losses, so when in profit, do not to too eager to lock in profits till u see reversal sign (eg candles, need to learn how to spot reversal candles, support, resistance, ma, lowerhighs n lower lows, etc).

Do not be too eager n rush into n chase a trade till u can rationally convinced yourself thru your TA analysis but again remember it is not infallible so set stop loss n execute the cut-loss if hit, dun get emotional n hold onto your losses, preserve your ammunition to fight another day, remember the 2nd mantra: "Plan your trade n trade your plan". At all times, remember by heart these 2 important mantras.

weishen81      ( Date: 26-Jun-2009 18:42) Posted: Yes. Fully agreed with dealer0168 and naka88. richtan has really been contributing alot in terms of knowledge to everyone especially newbies like me. The willingness to share already deserves a big applause! Even though i got burnt during the recent fast-and furious selldown of CHHX... Painful but its one great lesson learnt. Will continue to brush up on physchology and trading skills. cheers!

I like to see 2 people write in the shareJunction Forum. And that is Bintang & RichTan. See them write forum can learn new things.

Really appreciate their present here.

Hi blueprintmedia00,

I m gratified tat u too appreciate my TA sharing.

If u are keen to learn TA, do a search under my username, whereby I had recommended quite a few good books n TA "Free Tutorial on TA, candlestick n Elliot Waves" websites.

In a nutshell ma is used  to see the trend (but lagging indicator) n support n resistance, a more leading indicator is the analysis of the candles (but must learn how to interpret the candlestickbut again nothing is infallible, remember set-stop loss is crucial. Plan your trade n trade your plan