DBS - A Cut Loss

The unexpected happened and the market proved me wrong. Just when I thought I was going to make $$ in DBS and while the Dow came down, DBS pre open was a gap up and it was really high. After it opened, and because it gap up at the supply zone, I waited a while before deciding to cut at 24.35. This week will be the G20 meeting and I prefer not to hold and gamble trades. Well DBS came off lower and I should be in the profits again but already cut my loss. Moving on to the next. Although I cut loss but I am so happy to see my student made $$ in DBS for $300 in 40 minutes. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

Market Opportunities - How to Spot Them

Yesterday I had a great evening as I hosted an event at Killiney Exchange on how to spot market opportunities. There are currently so many opportunities in the market and your job is to spot the right one and then take a trade on it. I am spot on time over time in DBS and I know everything about that stock from the queues to the chart movements hence DBS is my favorite stock to trade now as compared to others. However there are still others like Hi-P and Ezion which ran 30% and 50% respectively in 1 day which is a gem in the making. Shall get busy in December and looking forward to work actively in Malaysia soon with a huge huge crowd. See you all soon.

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - Shorted 5 Lots

Shorted 5 lots of DBS at 24.38 and the stock reversed up to 24.32 first before started to tumble all the way down. Towards closing it slammed down at 24.18. Currently in $450 unrealized profits and hope tonight the market would sell down first and tomorrow would be a good day to see $$. Let's see what's going to happen tonight but whatever it is, I think the timing to short is important because you don't want to short at a wrong price and pay later.

Ronald K - Market Psychologist - A Stock Market Opportunist

BoysTown - My Profits to Donation

Went to do a donation to BoysTown Singapore earlier just now. The senior executive explained to me many things of what they do to help abused and needy children and I immediately agreed to do some donation without thinking. I donated whatever profits I made this week to the home and I hope it shall benefit the children and lighten the load for the families. Making $$ is important, but I really think giving $$ and giving back to the society is much more crucial than thinking about myself. I will certainly do my best to help out more soon. Thank you for having me!

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - $2500 in 1 Contra Day

Scalped and traded Ezion with $2500 profits. This the currently the hottest stock now with so much finessed in the buying. In/out will be the right strategy for this counter as it's a risky penny stock in my personal opinion. Nobody knows how high it can go nor how much it can fly and hence I prefer to be safe and just trade short term instead of holding for long. Next trade soon.

Ronald K - Market Psychologist - A Stock Market Opportunist

DBS - $2580 in 1 Contra Day

DBS indeed turned up the engine and gap up high at opening. Waited for the price to jerk up higher and we sold off at 24.28 with some good decent profits in 1 contra day using mostly CFD. No words can describe how happy am I when I see the smile on my traders face. After that small tiny 0.5-1 pip loss in Citydev, here we are back in DBS again as I had posit a lot of late nights and analysis on this counter for many months and I know every single bit of the buy/sell Q stacks, the twist, the flips and stacks on the queues and of course I know the chart in my head in/out. Homework, hardwork, focus, determination were the keys to this great prediction that we longed yesterday and sold today. Moving to the next trade.

Ronald K - Market Psychologist - A Stock Market Opportunist