Midas - Absorbing Of Supply

I believe Midas is currently in the mode of absorbing the overhanging supply, it might take time before buyers are ready to take the stock for an uplift. Look at Biosensor, it broke out yesterday and continue trending higher today, that's because the BBs have absorbed enough scripts to give it an upward push.

Ronald K - Market Psychologist - The Big Speculator

Midas - Profits Secured

I just secured some profits in Midas as it was too slow moving up the ladder. I will look to punt again when the time is ripe. As for now, I shall just chill and relax. :)

Ronald K - Market Psychologist - The Big Speculator

Dow Jones Soared?

I think most at least learnt something from my seminar and take back some knowledge. Read the email, I remembered I told everyone during the seminar that Dow cannot be too green or it shall turn into profit taking mode in STI. So this is what we are witnessing right now as this moment. Dow soared 200 points last Friday but most stocks are coming off a little. Is that a valuable knowledge to know? Oh yes it is so that one would not be sucked into chasing and buying at the high. Congrats Alfred! You still remember that things I preached.

Ronald K - Market Psychologist - The Big Speculator

Rumors And Tabloids

I was just replying to a comment this morning and something struck my mind. Recently I had been flamed. Well, I always tell my friends that it is all talks and comments, how would it hurt me when it doesn't hurt my pocket? Furthermore, I don't gossip about others nor do things that hurt anyone, so why flame? Do I owe them something? Did I flame at them? Why are they constantly visiting my blog many times per day when they loathe me so much? Of course I know what they are thinking in their mind and I won't fall for their tricks. Anonymous, like I say, you can keep flaming at me, no problem, because I am simply loving all the limelight and attention you had given me. I believe in karma, what comes around goes around.

All I want to say is this, if ya'll believe what you read in the comments section about me taking 1 pip profit or my course is expensive because it's 5 figures etc then there is no difference between reading a newspaper or magazines and absorb what was anyhow written inside. The public always lose out in the stock market because they believe the media story on prominent newspaper/magazines. Of course some are real and some are fakes but we never know the real intention behind. How can we judge someone when we don't know the person in life? In AGM meeting, the CEO can paint a beautiful story but how come the stock price keep plunging? Do you blame the CEO after that? Do you know what's his real intention? To tell ya'll the truth, I seldom read newspaper and I am not very knowledgeable. I always depend on friends if I want to know some news or reports. Articles published on newspapers/magazines are mostly rumors and tabloids because that interests the public and most are willing to pay money to buy and read it or else how can the media houses survive without the public supporting them? Think about it.

Take all comments and talks with a pinch of salt. If you believe what was said, then well I got nothing to say. If you think I am a bad person, so be it. I cannot pleased everyone, as long as I don't hurt or cause anyone to lose money, then my conscience is clear. Even god himself get criticized, so who am I compared to him? My preview should be coming soon, so if you believe what was written in the previous comments section, please don't come, I don't need your money for my course and you can spend it elsewhere. If you believe in what was written about 5 digits, please don't ever attend my preview session because that was what Anonymous wrote, NOT what was decided by my partner. If you believe in me taking 1 pip, go back and see all my past profits/losses and decide for yourself. Not many people post trade records in blog or elsewhere and I am one of them who do post because I believe in honesty and what you see is what you get. Ask other bloggers or educators to show you their trade records and you will encounter lots of excuses. CityIndex had all my trade history and they know I am for real when it comes to trading big lots. I don't falsify information because I believe in transparency to let others know what am I made of. Do you think CityIndex will work with me if I trade using demo accounts? Think about it.

So to my allegiance fellows fans, my point is very simple, do not believe in assumptions or conclusions based on what you see or read, they may be superficial and floating on the surface. Always do your own due diligence, homework and deep dive investigative work before making that final statement.

Update 7.30AM, July 14, 2012 

To add on my point, see the circled headlines. CEO can be accused of frauds and libor can be manipulated by banks' CEO too. Ain't these news juicy enough to suck the public to read? Are we reading the real story that was published? Do we know their intention? Do we know the CEO in person? Do I go flame and comment on the CEOs' actions? Based on my character, I don't bother because whatever it is, it is just a news published so as to gain traffic and readership. I don't know those CEOs personally and they did not hurt my pocket in any fashion. I believe in karma, what you sow is what you reap. As long as I mind my own business and do good then all outward things will take care of itself. I am a magnanimous person, so I won't hold against all the tawpie who don't know me personally and flame me. :)

Ronald K - Market Psychologist - The Big Speculator

STI, Capitaland, TT Int - The Foolish Gap Theory

Most public thinks that once a stock reached a gap down area, it's a sure sell. Well, I will say that this is only 20% true. Of course that's my opinion and it might not apply to you. I label myself as a market psychologist for a reason. That's because I know how most public think and more importantly how the BBs operate. To say that a gap down area is selling is pretty general and delusional. There are only certain conditions when a stock reached a gap area would then it encounter selling to bring the price lower. However, there are some gaps which prelude real buying.

Look at Capitaland and TT Int, it had reached the gap area, however there were no signs of selling at all. So if you have shorted there, by now, you would have cut losses. Most public would have shorted there because to them, they saw a gap which indicates selling. Look at STI, it gap down on June 4th and I made a call not to short it and today we witnessed a huge rally thereafter. However again, for most public, a gap down is gloomy and they look to sell.

http://stockmarketmindgames.blogspot.com/2012/06/sti-anyone-shorted.html
http://stockmarketmindgames.blogspot.com/2012/06/downfall-of-ronald-k.html

My prognosis for gap is simple. There are no hard facts or rules. Look for a deluge of selling/buying when it reaches a gap area. One must be very observant, pay fine close attention to mini details and focus with concentration. Ask yourself many questions during your thought process and when you see a swarm of buying, just buy with the flow and vice versa. That's how I did it at least.

Ronald K - Market Psychologist - The Big Speculator

An Appreciative Email

I received another compliment email from a public. Well, I really appreciate those lengthy emails because of the time and effort taken to draft it out. All I can say is do what you think is right and do what you do best. Early birds always get their food with ease and laggards are always fighting and chasing.

Ronald K - Market Psychologist - The Big Speculator

A Compliment

I received an email from my student and I am happy for his results and his progression so far. Thanks for the compliment. The stock market is like that, the one who is willing to take the risk at the bottom will make the biggest reward with less risk, the one who chases will make profits with more risk involved and the laggards who chase when they witnessed breakouts/breakdown will take the largest risk with least rewards. Why is it so? I will share it in my stock operation course preview which I believe is coming soon. The human mind is a very complex process and unless one understand and knows how to conquer it, will then he/she will succeed in his stock operation campaign.

To those Anonymous who says my course is 5 digits, expensive and taking on 1 pip profits, you can keep flaming at me. I don't mind because first you don't know how I analyze and zip in/out of the market and secondly you can only read my posts and never be able to decipher the mechanics behind. Well, I am just happy for my students who made back his course fee in less than a month and this is just one of them. Your comments and talks just boost my confidence level as it increase more traffic to my site which I truly appreciate. The more I read those comments, the merrier I got because your continuous visits to my blog tells me you are constantly thinking of me and waiting for my next post. Look at the right hand side of the blog under the most popular posts, the topic "Capitaland - A Small Little Profit" made it there which tells me the traffic was huge. Once again, thank you. I appreciate all your efforts :)

Finally, I saw that you are also looking for my trade records on my profits and losses. Oh well, sorry to disappoint you, this is my blog and I post what I like. I don't report to you and there is no obligation for you to visit this blog too. How much money I make and lost is none of your concern. I believe there are better traders than me out there that you should ask for their trade records.

Ronald K - Market Psychologist - The Big Speculator

Maxi Cash - Vanish?

Where is Maxi Cash today? I saw that there is some anonymous saying this stock invalidated my theory, distributed and accumulated again, if accumulating then why is it not participating on the rally when STI is doing so?? Where are they? Disappeared or because they saw the price breakdown and keep silent? Read the entire Maxi-Cash posts and the comments, they are truly hilarious. Time will give you an answer and sometimes it's good to just keep silent and watch. Don't make an assumption too fast.

http://stockmarketmindgames.blogspot.com/search/label/Maxi-Cash

Anonymous will always be anonymous, they always hide behind the screen. Well, it doesn't mean if you see a breakout or higher price, then a stock would trend higher. Understand how distribution works is all more important that looking for breakouts and chasing after higher price. Most public are only concern about "the moment" where I am most concerned about the BBs overall motive. All I knew was whoever chased this stock is either holding to it now, hoping it would go higher or they might have most probably cut lost.

Ronald K - Market Psychologist - The Big Speculator

GSH Corp^ - 2nd Leg Breakout

Wow, as I just witnessed, GSH was having it's second leg breakout!! Amazing! This stock is currently watched by many public. The axiom holds true, time your entry as close as possible with the BBs before the breakout happens. In that manner, money is not tied up and can be used to roll on other counters.

Ronald K - Market Psychologist - The Big Speculator

STI - Absorption

I believe STI is currently in absorption mode to trend higher. The BBs are supporting it to avoid a flush down. I shall watch.

Update 4.34PM, July 11, 2012

STI was truly in absorption mode or it won't trend higher as of now.

Ronald K - Market Psychologist - The Big Speculator

Pennies Season

The pennies continue to take issues while most of the blue chips are taking a rest. Many asked me why don't buy pennies a month back, my answer to them is very simple. Pennies are different from blue chips, buy only when it's about to take off and only when the BBs are in. Don't ever park your money in something that is not ready to move yet where it could/might take years/months before it starts moving. Rotate it on some other counters where it will move with the general market. The stock market is all about timing. It doesn't necessarily mean if Dow Jones crashed, the pennies will follow. They have a different mechanism and behavior.

Congrats to Aven, Eng, YL, Feng, Stephanie and many others.  :)

Ronald K - Market Psychologist - The Big Speculator

GSH Corp^ - Brokeout

I just can't stop thinking about the market even when I am on furlough. GSH Corp^ brokeout today, did anyone long? The BBs are real smart, they created a breakout faster than I thought after my last post on it.

http://stockmarketmindgames.blogspot.com/2012/07/gsp-corp.html

Like I mentioned last week, this week is pennies play and I posted last week on some pennies to watch out for.

http://stockmarketmindgames.blogspot.com/2012/07/furlough.html

Ronald K - Market Psychologist - The Big Speculator

Furlough

I will go on a furlough next week. I might or might not post as it depends whether I have accessibility to the internet. Next week might be the week for the pennies to take issues, too bad I won't be watching.

Ronald K - Market Psychologist - The Big Speculator

Oceanus - A Slow Snail

Oceanus looks like a stock that is trending up, however looking at the way how the BBs cornered this stock, it might take some time before we see a substantial up move. If you longed this counter, be patient. Time and Price will manifest itself.

Ronald K - Market Psychologist - The Big Speculator

GSH Corp^ - The Waiting Game

Analyzing and reading the chart of GSH Corp, I am cognizant of an upcoming breakout. There are some tell tale signs that the BBs are accumulating. Because accumulation is a slow and tiring process, I would prefer to enter the moment the BBs are ready. There is no point entering now because I might have to wait for sometime, money is tied up and opportunity is lost elsewhere. When would it happen? Only time will tell. Watch!

Ronald K - Market Psychologist - The Big Speculator

UPP - Watch

Someone is hungrily buying up UPP, watch!!

Ronald K - Market Psychologist - The Big Speculator

STI - Dullness

Tonight Dow will not be trading and hence the dullness in STI today. I am staying out.

Ronald K - Market Psychologist - The Big Speculator

Biosensor - The Tale Of A Breakout

Biosensor had a breakout today, the price is rising, the public is sucked in, the volume is churning. Well, all these doesn't not matter because it already happened today. On 26th June, instead of posting on my blog, I posted on a forum. I did this for a reason which I won't explain why. I was in and out of Biosensor before and after the breakout as you can see on my trade records which yields me profits. Those who are interested on why it broke out instead of tanking further, you can email me. I will supply you the answer. My answers are short and not lengthy because whatever answers I supply you was how I viewed and traded this stock. I believe simplicity in trading rather than complex and long winded reasoning.

Ronald K - Market Psychologist - The Big Speculator

Capitaland - A Small Little Profit

Today marks the day CityIndex raised it's commission from $10 to 0.08%. With that in place, my lot size starts to decrease. Well I am still trying to get use to the new commission thingy because I am too used to probing and enter big lots with $10 commission.

This morning I said that I would not be longing and so thereafter within a few minutes, I shorted Capitaland to test my analysis. It came down and I went to took profits. Although it is only 1 pip, but I did what I preached and that was to short. I will decide my course of action later as I will be busy handling some matters today.

Stephanie, thanks for informing the US holiday thingy! I appreciate it.

Ronald K - Market Psychologist - The Big Speculator

STI - Selling Zone

I am not longing the market today. In fact, I am looking to short when it starts to show signs of weakness. The market I think has reached a potential selling zone. I shall watch.

Ronald K - Market Psychologist - The Big Speculator