Friday, January 29, 2016

GLP, Sembcorp Marine - Wins and Losses




It's such a volatile market. The market suddenly reversed and trended higher. Here, I am particularly impressed with my students' trade. Made $ in Sembcorp Marine but lost in GLP. It was so volatile earlier that one piece of news from Japan can cause a spike in prices and within a few minutes, it tanked again. This is trading, we expect some losses and hope for more wins. Short term trading is not risky if you can read the charts correctly and if I tell you it's simple, it's that simple, just that it requires practice. If you love trading like I do, don't give up, but throw away your complex TA and FA and embrace simplicity. :)

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Ronald K - Market Psychologist - A Stock Market Opportunist