Monday, September 17, 2018

SembCorp Ind - Locked in Profits











Sembcorp Ind just gap down today and we shorted it last Friday. The stock was quite weak when the whole market was bullish last Friday. But then again, I knew it was bearish because I don't buy breakouts but rather short on breakouts. The STI closed +29 points last Friday but today everything tumbled down again to -22 points. It's choppy and everyone is waiting for the trade war to finalized but it's dragging non stop.


Discovered Sembcorp Ind wb and the stock suddenly stopped moving. Hence, we took a short sell there and slowly by slowly the stock could not climb and started to gap down today. Many of us locked in profits when the stock gap down earlier in the morning while the beautiful part was I got the direction correct overnight when everyone was very bullish on the STI last Friday. To win the game, you have to be contrary when everyone is excited and bullish on the market. See the STI daily chart, everytime it broke out, it's selling down the next day so the morale of the story is never ever buy on breakouts!


I am particularly impressed with Kris record as he's a super trader with an impressive winning trade and streak. His losses were small, wins were not big but pretty consistent. I am building more and more individuals to be independent and hungry to win the stock market. Are you one of them?

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Ronald K - Market Psychologist - A Stock Market Opportunist