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GenSp starts to move up again

bladez87
Master

04-Oct-2010 10:43

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Yells: "I AM PAPER TRADING AFTER LOSING 5k!"

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hope you dont mind me asking, but how many lots do you usually trade? i know to trade within my means, but at 2-3 lots per go, i doubt i am fully utilizing the commission.

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BullishTempo
Supreme

04-Oct-2010 10:42

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Today's key lesson is here. hehe Smiley

BullishTempo ( Date: 04-Oct-2010 10:35) Posted:

U got it. The key word is cutting down risks, not making maximum possible amount of money.

bladez87 ( Date: 04-Oct-2010 10:33) Posted:

so as a day trader, only enter once resistance is broken. earning lesser better than making losses? noted

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Isolator
Supreme

04-Oct-2010 10:41

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Yells: "STI is hard landing to below 2000..."

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Can try shorting genting now... Smiley

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eastcivic
Elite

04-Oct-2010 10:40

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cutting down risks, not making maximum profit

i think i need to imprint these words of wisdom of yours in my head...... hopefully i can tatoo it in my brain, so that it stays there permanently...... thank you!

BullishTempo ( Date: 04-Oct-2010 10:35) Posted:

U got it. The key word is cutting down risks, not making maximum possible amount of money.

bladez87 ( Date: 04-Oct-2010 10:33) Posted:

so as a day trader, only enter once resistance is broken. earning lesser better than making losses? noted

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BullishTempo
Supreme

04-Oct-2010 10:38

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lol you got it Smiley

bladez87 ( Date: 04-Oct-2010 10:35) Posted:

you key in everything just waiting for the Q to be eaten, then when eaten, you just enter password right. lol

BullishTempo ( Date: 04-Oct-2010 10:34) Posted:

And while I am observing market and making my buy order I still have time to post real time actions here. This is how you can train yourself to be nimble and fast..... lo

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bladez87
Master

04-Oct-2010 10:37

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Yells: "I AM PAPER TRADING AFTER LOSING 5k!"

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2.08 coming!

bladez87 ( Date: 04-Oct-2010 10:35) Posted:

you key in everything just waiting for the Q to be eaten, then when eaten, you just enter password right. lol

BullishTempo ( Date: 04-Oct-2010 10:34) Posted:

And while I am observing market and making my buy order I still have time to post real time actions here. This is how you can train yourself to be nimble and fast..... lo

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bladez87
Master

04-Oct-2010 10:35

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Yells: "I AM PAPER TRADING AFTER LOSING 5k!"

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you key in everything just waiting for the Q to be eaten, then when eaten, you just enter password right. lol

BullishTempo ( Date: 04-Oct-2010 10:34) Posted:

And while I am observing market and making my buy order I still have time to post real time actions here. This is how you can train yourself to be nimble and fast..... lol

BullishTempo ( Date: 04-Oct-2010 10:31) Posted:

Yes guys, u notice how long it was stuck at 2.03 because 2.04 was a resistance? But 2.04 broken, it flies up? This is how proper trading is done, to cut down lots of risk

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BullishTempo
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04-Oct-2010 10:35

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U got it. The key word is cutting down risks, not making maximum possible amount of money.

bladez87 ( Date: 04-Oct-2010 10:33) Posted:

so as a day trader, only enter once resistance is broken. earning lesser better than making losses? noted

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eastcivic
Elite

04-Oct-2010 10:35

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thank you for the education.....

can i also ask, for a day-trader, what time frame are your charts based on? i think you definitely have to look at the hourly chart right? do you also need to look at the minute chart? or just half-hourly and hourly chart will be sufficient?

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BullishTempo
Supreme

04-Oct-2010 10:34

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And while I am observing market and making my buy order I still have time to post real time actions here. This is how you can train yourself to be nimble and fast..... lol

BullishTempo ( Date: 04-Oct-2010 10:31) Posted:

Yes guys, u notice how long it was stuck at 2.03 because 2.04 was a resistance? But 2.04 broken, it flies up? This is how proper trading is done, to cut down lots of risks

bladez87 ( Date: 04-Oct-2010 10:28) Posted:

not to mention now is 2.06!!!! and almost gone liao

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bladez87
Master

04-Oct-2010 10:33

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so as a day trader, only enter once resistance is broken. earning lesser better than making losses? noted

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BullishTempo
Supreme

04-Oct-2010 10:31

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Yes guys, u notice how long it was stuck at 2.03 because 2.04 was a resistance? But 2.04 broken, it flies up? This is how proper trading is done, to cut down lots of risks

bladez87 ( Date: 04-Oct-2010 10:28) Posted:

not to mention now is 2.06!!!! and almost gone liao

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bladez87
Master

04-Oct-2010 10:31

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2.07! damnnnn why didnt i enter!

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bladez87
Master

04-Oct-2010 10:28

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not to mention now is 2.06!!!! and almost gone liao

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BullishTempo
Supreme

04-Oct-2010 10:28

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There isn't anymore strong resistance to 2.08, so the coast is clear. When I made my buy order, I already cut down my risks by a lot.

BullishTempo ( Date: 04-Oct-2010 10:26) Posted:

Yes, and pertaining to my trading logic, when 2.04 broken, I added position.

bladez87 ( Date: 04-Oct-2010 10:21) Posted:

wow. 2.04 broken just like that

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BullishTempo
Supreme

04-Oct-2010 10:26

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Yes, and pertaining to my trading logic, when 2.04 broken, I added position.

bladez87 ( Date: 04-Oct-2010 10:21) Posted:

wow. 2.04 broken just like that

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cannotfind
Elite

04-Oct-2010 10:21

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2.05 already!!!!

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BullishTempo
Supreme

04-Oct-2010 10:21

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They might be shorting this stock. Who knows?

epliew ( Date: 04-Oct-2010 10:16) Posted:

why is goldman sachs rate this counter this way ?

Its share price estimate was raised to $1.50 from $1.46 by Goldman Sachs Group Inc. The investment rating was left unchanged at “neutral.”

BullishTempo ( Date: 04-Oct-2010 10:13) Posted:

Total buy volume : 32 volume, total sell volume : 24 million. The odds are in favour of 2.04 being broken before lunchtime. But remain vigilant because anything can happen.

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bladez87
Master

04-Oct-2010 10:21

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wow. 2.04 broken just like that

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BullishTempo
Supreme

04-Oct-2010 10:20

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Gotcha

eastcivic ( Date: 04-Oct-2010 10:18) Posted:

ok..... i think i get what you mean

so i guess depending on what type of trader/investor each of us belong to, each of us due to different time frames have different resistance and support levels

BullishTempo ( Date: 04-Oct-2010 10:04) Posted:

I am a day trader, and this is the resistance for me today. Thats why I said in an earlier post, long term investors can ignore this

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