STI Support broken … continue to sell
Congrats to those who shorted last friday or yesterday. Since I posted last friday , STI has drop about 60 points
http://www.collinseow.com/index.php/2008/08/15/sell-on-strength/
http://www.collinseow.com/index.php/2008/08/18/continue-to-sell/
Today , for those who shorted last friday and if you are time frame is about 1 week . can consider covering 50% . Market continue to be bearish .
Important thing about trading is dont think in binary : sell or buy
Think in term of percentage as you are in the money , do lock in profit progessively . This is again counter human nature .Human are greedy . That is the reason why most people dont make money in the stock market.
I am focusing a lot of my time and enegry on the 30th Aug meeting. Do make an extra effort to come.
It is free anyway. The main reason why 30th Aug seminar is important is because we will start the mentoring program and also do our planning for the next year.
In the stock market , 8 out 10 lose money . My goal is to bring that to 5 out 10 make money . I will share more in detail on 30th Aug 2008 .
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August 19th, 2008 at 11:59 am
Someone ask me is this is not a preview ? lol , this is not a preview .
August 19th, 2008 at 1:33 pm
Hi indeed it was a pleasure to attend your preview and your perdiction about the market last wednesday where you had mention that it is time to sell, when I had my own doubts. Good adjustment and would like to join your group.
Prabha
August 20th, 2008 at 8:45 am
Haha… must tell them it’s the real meat hor, not milk…
August 28th, 2008 at 1:01 pm
yes , meat or milk i both like , but no liver for me.