Dragon^ - Flush as Predicted Yesterday

Dragon as forecast and predicted yesterday, a flush just happened today and the stock started to rebound back up! Click on the below link to read more.

https://stockmarketmindgames.blogspot.sg/2017/08/dragon-some-accumulation-since-morning.html

Is this flush going to contribute to another rally in the making or will it simmer first? I am glad some of us took actions and went long near bottom and is currently in the $ now. As I made my prediction on my blog LIVE yesterday and when the prediction came true today, I knew I have a winning edge of knowing what's going to happen first before it actually happened. That's really important for short term trading.



Ronald K - Market Psychologist - A Stock Market Opportunist

Best World - Selling Like Hot Cakes

Heavy sell down in Best World at the moment. Herbalife and Nu SKin tanked on MLM crack down in China after the death of 2 young men. It inadvertently affected Best World because they are also doing the MLM business. Millions of $ was wiped and shares were being sold down with sheer force of volume and sellers. Dragon^, another stock also suffered some flushing with the share price dropping substantially as predicted yesterday.

https://stockmarketmindgames.blogspot.sg/2017/08/dragon-some-accumulation-since-morning.html

$$ can made made but unfortunately CFD doesn't allow shorting of this stock or I would have send a Whatsapp. It's the best stock to short an trade today with superb returns. Best World is long due for this sell down but it was unfortunate that there was no scripts for shorting. Moving on to another counter for a better opportunity.



Ronald K - Market Psychologist - A Stock Market Opportunist

Dragon^ - Some Accumulation Since Morning

I was watching Dragon^ with my team earlier in the morning and hence did not made any blog post at 9am. It was a good morning as I shared and showed how to observe the Top 30 Volume and select good stocks out of it. One of the counters we watched was Dragon^ but unfortunately, this counter had a Fake Breakout in the morning where the stock rose at a very fast speed and thereafter it simmered down with heavy selling. That was some form of accumulation going on where I decided that we watch and do nothing first.

Dragon^ after 5pm continued to show strength but it's readiness to run is not there yet. I believe in the short term, there would be more collecting and maybe a flush first before it can continue to run. I would want to collect with the BBs and profits with them. Let's see and watch tomorrow.



Ronald K - Market Psychologist - A Stock Market Opportunist

Thank you - Work Hard

So happy to be receiving this email message. To see my student to be able to do the trades himself is a plus point that he understood the strategies I taught. Although small profits, the confidence and reward for the experienced is something $ buy. Congrats and see you soon!!



Ronald K - Market Psychologist - A Stock Market Opportunist

Dragon Group - Price, Charts or News and Articles?

Dragon Group primed for new direction for their company, it should be a good news and good move, however one should ask themselves, the penny season is not here yet, can dragon group buck the whole penny trend as the only super stock that ran? Can we trust the news that we hear? Do we know what's really running inside the company? Or do we deduce our observation from the stock price itself?

Analyzing the chart, there was a fake breakout for the BBs to unload, and they a second wave buy up from the public where the BBs would look to unload more there and short sell their and there you see the price today where the stock came off and trended down which caused fear to the public and they cut loss. I believe reading from the chart has more advantage than listening to news and reading articles. Of course that's me, you may be different. But I know, trade records don't lie.

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Source from The Edge Magazine

Ronald K - Market Psychologist - The Big Speculator