Yanlord - The Activity

This morning, my student emailed me a Yanlord chart for review. Attached is the conversation. Anyone longed in the morning?

Ronald K - Market Psychologist - The Big Speculator

STI - Directionless

Yesterday, I longed some stocks. Back and forth, in and out, I cut some losses but at the end of the session I held on to some stocks overnight. Today, I am going to either cut loss first thing in the morning or take a little profits if the market allow me to and I shall watch. The current market is directionless to the the public where it's hard to profit from it unless one is skillful enough to intraday trade the big caps.

Money is of no importance to me and cutting losses is the path to enlightenment. My honest advice to all is to preserve capital, be patience and only trade when there are clearer indications. If I need to let you know what will I be doing today, I will be watching. I will only action when I see traces of unloading/loading.

Ronald K - Market Psychologist - The Big Speculator

STI - Short Covering

I am covering my shorts first thing in the morning.

Ronald K - Market Psychologist - The Big Speculator

STI - Breakup

I think the market might be going to breakup now. Watch.

UPDATE: 14/11/2011, 4:37PM

Minor upwave, long any big caps for a fast punt.

Ronald K - Market Psychologist - The Big Speculator

STI - Gap Up

While the market is allocating a lot of bullish news and when the entire atmosphere is feeling the bull heat, I am only looking to watch. My K Mind tells me that if I want to take a position, I shall better watch for buying/selling activity before entering a trade. Today, we might have a narrow gap up to lure in buyers while the closing for the day might end weak. However, should I see buyers gushing in, I shall negate this view. This is so far the toughest speculation I had made because the condition is totally different and rough from what I used to witnessed. This also serves a point where I have no fixed method or rule, I adapt accordingly to market conditions and my mind is free from indicators, news, previous teachings, etc..

UPDATE: 14/11/2011, 5:20PM

Not a good day to trade with limited activity with the overall market. However if you select stocks like Yanlord and other big caps for intraday trading, it's still viable.

Ronald K - Market Psychologist - The Big Speculator

STI - Cautious

I am not longing STI today. This is a bear trap. Whatever it is, I am still bearish. It could open green and trend lower at the end of the day. Be cautious

Jack, if you are reading this, this is for you. Look at Genting, remember the things I told you yesterday?

UPDATE: 11/11/2011, 7:12PM

Ronald K - Market Psychologist - The Big Speculator

Noble - I Shorted

I shorted noble big time yesterday about 3pm when I observed some unloading action. Today I was rewarded.

Ronald K - Market Psychologist - The Big Speculator

Wilmar - Distinctly Bearish

Yesterday's action in Wilmar was distinctly bearish where overtly supply was detected. The sellers were in control the entire session where buyers were vitiated by the amount of selling pressure. The sellers are now ghoulishly grinning where they expect to see the stock continue down south. We shall witness.

On another note, I have no more long positions. Tested the market a few times yesterday and I knew the rally would not sustain. I went short instead and true enough the market trended down beautifully. Today, I will not chase the market but instead look to book partial profits.

Ronald K - Market Psychologist - The Big Speculator

Yanlord - Stupendous Upwave

Watch Yanlord, further upside could resumed. Since yesterday and last friday, this stock had shown resiliency in it's behavior. Upon further investigation in the charts, it revealed that BBs were healthily purchasing this stock. Please kindly punt at your own risk! Don't believe what I said 100%, do your own analysis or test the market yourself to see if the results will prove you right or wrong.

Update: 9/11/2011, 10:14am
I just tested yanlord. Be cautious.

Update: 9/11/2011, 10:54pm

I was out with this counter. Yanlord indeed rally, however it was not strong. 

Ronald K - Market Psychologist - The Big Speculator

Noble - Profits Secured

Today, the first thing before the market opened, I already had a trading plan in my mind and I knew what was the market going to do. I held some noble shorts last week and I knew I had to secure those profits first before deciding what to do later on. At 9.05am, I quickly took all my noble profits at 1.555 and thereafter I smsed my crony to inform him so that he could secure his profits too.

Once my profits were secured, the market just went like a steroid and trended all the way up. I was lucky that I held no emotion when I told myself to take all my profits first thing in the morning. It was a hectic day for me and I just got home from work. During my work session, I tested the market a few times where I saw demand overcoming supply. It wasn't an easy day to trade until the final hour where every stock was just resurrected from hell.

Finally, I underestimated mewah. I made a wrong call on mewah for my short sightedness. Today the market proved me that Mewah was indeed strong. I saw something in mewah that caught my attention. It tells me that the result this Friday should be good. Below are what I expect the results to be for this week. We shall verify soon.

Wilmar - Good Result
Mewah - Good Result
Noble - Good Result

Ronald K - Market Psychologist - The Big Speculator

Mewah - Short Term Weakness

The BBs' activity in Mewah is clearly apparent. What they are trying to achieve is promulgated to the sharp eyed trader/speculator. They are importuning for an answer to the downside. In the short term, opportunity presents itself on the short side where the upside could be capped temporarily. Should it advances on Tues, watch for the turn and give it a short, at least that's what I think.

UPDATE: 9th Nov 2011, 8:41am
No more shorting of Mewah. I made a wrong call!

Ronald K - Market Psychologist - The Big Speculator

Gumption And Patience Is All It Takes

While it was a boring day in STI yesterday, opportunity still presents itself if one were to select the correct counters. My crony was asking for my opinion since we punted the same stock. At 3:12pm when STI hit 2868, my crony was panic about his short positions since most stocks were trending higher. Well, he almost cut loss because of fear but instead I was firm that STI won't trend any higher. At that period of time, I was very calm and i knew that would be the final breakout in that 2min chart because I saw BBs rushing prices up fast for more unloading. True enough, 2868 was the final high we saw. The rest was history and thereafter the stocks we punted tanked down. You can read the entire conversation from the screenshot.

I just wanted to point out that if you traded a particular stock, that's because you had judiciously done enough homework and analysis before you punt that stock. Once you are inside a trade, there would be a lot of noises and harrowing going on to confuse and distract your mental thoughts. To gain victory and eliminate all unnecessary suffering, one must anticipate the incipient up/down wave to determine if that is a true buying/selling or if it is just a breakdown for more buying or breakup to trap more unwary bulls.

Ronald K - Market Psychologist - The Big Speculator

STI - Boring Day

What a boring day for trading. Monday is a public holiday, beware! The BBs know what the public is thinking!

Ronald K - Market Psychologist - The Big Speculator

STI - Hysteria Public

Like I said yesterday was not a shorting day and while I was testing the market, today is the day I look to book some profits. What I envisaged in my mind came true where yesterday was BBs creating a mini panic to buy more. Today, the mass hysteria public would be ready to rush in to the market to purchase because they missed the opportunity yesterday, while I shall just do nothing and watch for opportunity to unload.

Ronald K - Market Psychologist - The Big Speculator

Cardinal Thoughts 1

These quotes brought the best out of me when I was in depression mode in the past. They have certainly transcended and shaped me to where I am today. They virtually removed fear in me too when it comes to punting the market. I now see things in a different perspective as compared to last time. Hope that it help others.

"You are your own teacher. Looking for teachers can't solve your own doubts. Investigate yourself to find the truth - inside, not outside. Knowing yourself is most important."

"In truth, happiness is suffering in disguise but in such a subtle form that you don't see it. If you cling to happiness, it's the same as clinging to suffering but you don't realize it. When you hold onto happiness, it's impossible to throw away the inherent suffering, they are inseparable like that. When happiness arises, don't be overjoyed, and don't get carried away. When suffering comes, don't despair, don't lose yourself in it. See that they have the same equal value."

Wanting is suffering, wanting not to have is suffering. Even if you get what you want, it's still suffering because once you've got it, you then live in the fear of losing it. How are you going to live happily with fear?"

Ronald K - Market Psychologist - The Big Speculator

STI - Truly Tough

As posted earlier in the morning, today is not a good day for shorting. It is truly tough and one would not be able to maximize his/her profits. I tested the market a few times today and I found an answer for tomorrow. The best option now is to just watch the market and do nothing!

Ronald K - Market Psychologist - The Big Speculator

STI - Ahead Of Market

Today, I expect the market to be down. However I am not shorting as it is too risky. As I said buy for a bounce yesterday, it means it is neither a rally nor a rebound, just a bounce. That was yesterday's one day game plan and it should not be brought forward to the next day. Last night, I was formulating my plan for the next 1-2 weeks ahead of the market. I speculate and have a rough idea of what is going to happen in the next 1-2 weeks, because it's just a rough surmise, I won't be posting here as I don't want to mislead others or caused others to lose money. I will use my own funds to test it out myself. If I am right, I will cheer. If I am wrong, I shall take the losses myself. After trading for so long, I realize it's pointless to trade everyday. The big money is made by ride the big wave. One don't have to ride all the way up/down, but at least from the point of entering a trade till the wave breaks, that's sufficient to make enough money than emotionally affected by price movements everyday.

Ronald K - Market Psychologist - The Big Speculator

STI - A Bounce

This morning when I saw Dow dropped about 300 points, I turned bullish for a moment and I was so happy not because I already realized my profits but I saw a buying opportunity momentarily. I chatted with one of my closest friend and gave him a small tip, but i guessed he was fear and did not action on it. The rest was history. Well, I am really getting bored in the stock market now as I almost beat the game everyday. I need new challenges to ignite me and I have found one. This new challenge will bring me to greater heights in life and as a person. I must find a way to materialize that dream.

Ronald K - Market Psychologist - The Big Speculator

STXOSV - Bull Trap

Those who are longing this stock be on alert, I think it's a setup to trap traders/investors to buy this stock and when the BBs in this stock let go their buying bids, it will then due for a downfall. Watch.

Ronald K - Market Psychologist - The Big Speculator

Wilmar - Hitherto

A friend of mine just recommended me to watch Wilmar. Looking at the recent bull campaign and the rushing up of prices, I loved Wilmar at this juncture where it tells me the BBs finally ready to bring prices down after today's ramped up in price when the entire market was weak. Wilmar should react today by right because STI was weak, but why did it rally? I guess it bewildered a lot of people, but it's for me to know and for you to guess, but tomorrow is the day for a reaction I believe. 

Ronald K - Market Psychologist - The Big Speculator