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motbabe23
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18-Nov-2010 14:17
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means?
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rabbitfoot
Veteran |
18-Nov-2010 14:16
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Technical Rebound soon | ||||
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spiderman_er
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18-Nov-2010 14:04
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Hedge means I am holding to my long position on GSP at 2.28 And using another account to short same amount of GSP say at 2.05 With this, I have locked in paper losses of (YY lot * 0.23 ct), regardless how the market moves from 2.05. Of cos I am buying insurance for myself that GSP will go lower Once it bottom out say at 1.90. We can closed the SHORT position, and LONG somemore at 1.90. This way, you profit from the SHORT, and get to ave down GSP when it commences the 4Q bull run. BUTTTTTTT, if you are using CFD to LONG, may sure you have enough to hold the LONG position till the bottom price. Else, margin call will hit it on your face. Best is to LONG with normal trading account.
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Gaecia
Elite |
18-Nov-2010 13:59
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u dun be crazy la, shorting can also end up in losses if mismanaged okay. I hav no choice but to hedge my long positions on poems at this point because somehow gensp's not finding support looking at its price action. Today's price is considered very low to go short, you think i'm not scared??
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spiderman_er
Member |
18-Nov-2010 13:53
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Actually, if GSP close 2.06 and above, we will have a HAMMER (bullish reversal candlestick), with high vol it adds significant to this reversal signal. And if Fri closes higher with long white candle stick, it will be another confirmation of bull reversal. Just look out for these. I think the mkt has priced in China govt intervention to control inflation, look at the fall of HSI, SSE. Though I think STI only mildly affected, maybe becos of our strong economics performance. |
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icetomato
Elite |
18-Nov-2010 13:28
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Wow you shorted GSP just now? That's brilliant man! Someone mentioned earlier that China tax raise issue could be already factored in to the market's recent fall. Could this be the case?
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Gaecia
Elite |
18-Nov-2010 13:21
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Naked shorting is very risky, when its the time to buy to cover one can really miss the very quick u-turn when majority of the shorts comes in to close positions. As of this morning i started to hedge gensp on cfd, however i am not smiling to the bank. Why? becos my long holdings in cash a/c is much more than i'm trying to short. Decided not to try equal qty to short because i'm not that confident in shorting plus with a market marker cfd provider like mine i'll stand to lose 1 cent at every transaction sell or buy.
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alexchia01
Elite |
18-Nov-2010 13:14
Yells: "Catch The Stars And Ride With Them" |
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I'm not saying no shorting, but difficult to find good counters to short now because most have already fall quite a bit. If I cannot find a good shorting counter, I rather wait for the Bull to return than shorting the already low counters.
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epliew
Supreme |
18-Nov-2010 12:58
Yells: "no worries be happy !" |
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relax, go have lunch first.....
the market is always there..... find a right time enter again to make back your losses.
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bladez87
Master |
18-Nov-2010 12:57
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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tmr, when china increase their interest rate, market will fall further. shortists, will be smiling to bank. so to those who have cfd and dare short. tmr is a good time
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alexchia01
Elite |
18-Nov-2010 12:54
Yells: "Catch The Stars And Ride With Them" |
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This Bear Tack come so fast and furious that I'm having trouble finding counters to short. I may not short full-force this time round. It's much safer to stay at the sideline and wait for the return of the Bull, then Go Long. Just my personal views. Good luck to all. |
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epliew
Supreme |
18-Nov-2010 12:46
Yells: "no worries be happy !" |
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thanks for your honest reply !
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bladez87
Master |
18-Nov-2010 12:44
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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regret not selling my GHK when i had 1k paper profits, now i had to cut loss with a loss of 100+.
spider u mentioned hedging. is it not the same as cutting loss. the only difference is in the case of reversal, you need not worry about missing the btm. o ya i think that is the main point. ok i going to fund my cfd and hedge my GAR liao.
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spiderman_er
Member |
18-Nov-2010 12:39
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Hi guys, touching supporting line does not mean we can BUY. Cos support can fall, price will then head for the next support. We still MUST wait for trend reversal signal to enter the market. GSP hit 2.07, wait for the closing to see if this support holds. ===> If 2.07 support falls with high vol, that is not a good sign. It will fall further to 1.98 and maybe 1.86 or worst below 1.86. I don't know the depth. So better close your position or hedge it if it is too painful to cut loss. Just don't maintain the BUY & HOLD at this bearish market. ===> If close above 2.07 today, it is good, but still WAIT for trend reversal candlestick to signal you to BUY. It is safer For me , i failed to cut loss for my GSP at 2.28, too painful to cut now, so I am going to hedge it at the end of today. And WAIT for Bullish trend reversal signal to come. Patient, it will come soon because GSP already at oversold region. take care, make sure we survive this correction to enjoy 4Q bull run. |
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belgeran
Veteran |
18-Nov-2010 11:56
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hmm.. i dunno, chart looks bad.. and there's no news to bring it up.. although there were reports from all the analyst all upgrading it.. but its still going downhill...
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bladez87
Master |
18-Nov-2010 11:55
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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cut my GHK liao. GAR i think i will just keep it. 5 lots. cut now i will damn sian. haha
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funtrading
Member |
18-Nov-2010 11:54
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Cut loss for both GAR and GSP, time for a break, and wait for the right time to entery .... this week super sianz | ||||
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Gaecia
Elite |
18-Nov-2010 11:50
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and so is gensp crap. | ||||
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Gaecia
Elite |
18-Nov-2010 11:47
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seems like goldenagri really going downhill.. |
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ShareWithMe
Veteran |
18-Nov-2010 11:44
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50 ma broken means can start to buy ?
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