Top Volume - Thin Market

The market is very thinly traded today. Nothing much really tank or moves up. I am planning for a trade but can't find a clue on anything. The STI just gap down again today and if you look closely in the top volume, stocks move down then up for a little and then down again which then remains flat. It's year end, many traders are not here in play and hence it's normal to see such market. If you are interested to follow me, can add me as friend in Facebook.

http://www.facebook.com/ronaldk.ronaldk

Ronald K - Market Psychologist - A Stock Market Opportunist

Global Logistics - Investment up to $1.6 Billion in Tokyo

Global Logistic is to develop logistic facilities in Tokyo as the news was just released earlier. I am not if this piece of news can be considered good/moderate but the price would reflect later when the market opens. Looking at the chart, I wouldn't want to long GLP because there is no signs of the stock turning up at the moment. I would rather wait patiently until the right moment before making a decision. I hope the market will not be boring today with some opportunities for me. Let's see.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar - A Short Term Rebound

Looking at the 5 minute chart, Wilmar looks like it's due for a rebound. The market is closed today but tomorrow I will be monitoring this counter together with other commodities stocks. After falling from such a high cliff to reach a temporary support, I expect some buyers to come in to support the stock. I am not sure how high it might go, but let's see what's the market condition tomorrow.

Ronald K - Market Psychologist - A Stock Market Opportunist

Goals and Resolution - My 2017 Trading Plan

Here, I wish all my followers, fans and all my students a happy Merry Christmas and a Happy New Year. It has been a very good year for me as I achieved all my goals and targets that I set for myself. At difficult times when I thought everything was not possible, but with sheer determination and straw of efforts combined with strands of hard work, I managed to get the best out of the worst. It's hasn't been easy but life is like a wheel cycle, just constantly move in a circular motion and constantly moving and that's my secret to success.

In 2017, I had more defined and refined goals as I had planned ahead of my trading plan. It's always the small things that makes the big difference and hence I only have 3 things I want to achieve.

1. Be patient in my trading and go for a bigger swing.

2. Trade bigger in blue chip stocks using CFDs.

3. Blog lesser as I want to put my focus in trading.

I don't have big ambition in 2017 but if I can take care of the above 3 things, I will do ok. Once I take care of my emotions, money will take care of itself where skills and experience will lead me to another stratosphere. Let 2017 be a year of fruition and materialization. I don't wish for anything but I wish everyone who read my blog a happy, prosperous and profitable trades ahead. :)

Add me as a friend if you want to follow me: http://www.facebook.com/ronaldk.ronaldk

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar Intl - Reached 3.58, Short Term Buying Zone

Wilmar has just hit the short term buying zone now. Will this stock turn for a short term rebound. Let's watch! Click and read my earlier prediction earlier.

http://stockmarketmindgames.blogspot.sg/2016/12/wilmar-inlt-tanking-to-361-low.html

Ronald K - Market Psychologist - A Stock Market Opportunist

MM2 - Sellers Threw 835 Lots

More seller threw down MM2 shares. Total of big volume of 835 lots transacted at 0.45. This is the price sellers were accumulating. As predicted earlier that they were no buyers supported, the sellers indeed emerged for the short term. Click and read my below posts.

http://stockmarketmindgames.blogspot.sg/2016/12/mm2-short-term-sellers.html

http://stockmarketmindgames.blogspot.sg/2016/12/mm2-asia-no-buyers-detected.html

Update: 23/12/2016, 2.27pm

Another 700 lots throw down in MM2. All the unloading I did earlier was correct! And the sellers indeed emerged after the retailers chased in the morning!\

More volume came in to buy up and sell down the stock. After the 835 lots throw down, followed by another 700 lots throw down, now comes another 1300 lots buy up. Something is brewing.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar Intl - Tanking to 3.61 Low

Wilmar continue to tank after we short sell yesterday. The stock was just weak without much buyers. The sellers were all piling up and waiting for this stock to tank maybe to a temporary low of around 3.58-3.59 range before a short term rebound is expected.

http://stockmarketmindgames.blogspot.sg/2016/12/wilmar-80-lots-short-sell.html

Congrats to everyone who shorted this counter.

Ronald K - Market Psychologist - A Stock Market Opportunist

MM2 Asia - No Buyers Detected

MM2 Asia as of now doesn't seemed to have any supported buyers. Unloaded everything and waiting for the sellers to emerge first. I want to see how much more sellers are willing to let go their shares before higher price may come. It's now taking a break with buyers/sellers laying low. Who knows later, who knows next week?

Ronald K - Market Psychologist - A Stock Market Opportunist

MM2 - Short Term Sellers

One day after locking in $$ from MM2, today the stock continue to rise and is currently in the Top Volume. One may think that I have already sold all but in fact, I still some left over from yesterday. The stock is currently under heavy buying and I am unloading the rest of my position for short term trading for some short term profits. I expect some short term sellers emerging and better to play safe than be sorry.

http://stockmarketmindgames.blogspot.sg/2016/12/mm2-asia-1000-lots-traded.html

Ronald K - Market Psychologist - A Stock Market Opportunist

MM2 Asia - 1000 Lots Traded

Finished another 1000 lots long in MM2 Asia. The stock had some hidden buying lately and I must admit that I could have went in earlier but did not. Even though I did not got in at the best price, still I managed to get out with a small scalping profits of $4500 in about 2 hours. This is a erratic and difficult stock to trade and I had lost $ before but I don't give up easily as I believe there is still chance for making $ as long as I am more careful and alert. Nothing to shout about but my Wilmar profits with my MM2 profits today. I made close to $8000. Happy for one day job.

http://stockmarketmindgames.blogspot.sg/2016/12/wilmar-80-lots-short-sell.html

Ronald K - Market Psychologist - A Stock Market Opportunist

Hyflux - Deal Lost for Desalination Plant

I had alert everyone who read my blog on Hyflux on Dec 20th, Tuesday, when Hyflux hit a peak of 0.57 at 10am in the morning. Click and read that post below.

http://stockmarketmindgames.blogspot.sg/2016/12/hyflux-up-it-goes.html

Today, Keppel Corp announced that Keppel Infrastructure selected as the preferred bidder by PUB, Singapore's national water agency, to design and build Singapore's fourth desalination plant as well as own and operate it for 25 years. That brought bad news for Hyflux and the stock tanked to a low of 0.515. The problem is when news was released, the meat to show reduced tremendously and to make $, one have to short before the news is out.

I am just so happy for this student of mine who did a quick scalp in Hyflux and made $300 without suffering this big drop. Thanks for the message and continue your good work. Skills is not good is ok, but at least you are trying and slowing reaching your personal goals. Keep it up!

Ronald K - Market Psychologist - A Stock Market Opportunist

Singapore Straits Times Index - The Morning 8:53am Outlook

Woke up this morning, studied the STI chart combined with the closing for Dow yesterday, I deduced that the market might not be good and is going red. Some stocks like Spackman tried to run but because I know the sellers in STI is coming out, I am not longing and I am predicting that the market will go south. Indeed, according to my market outlook at 8:53am, the market as of now indeed went south pole.

However, before that, since I forsee that the general market conditions is going to turn bad, I saw Wilmar as being one of the bearish counter and hence decided to give it a try. Like I mentioned in my earlier post, I could have tried at a better price but hesitated and got in at a price that is not so beautiful. Still managed to get the job done and made $ as the counter dropped heavily thereafter.

http://stockmarketmindgames.blogspot.sg/2016/12/wilmar-80-lots-short-sell.html

I trust my daily morning outlook. It may look simple but it sets the tone for the day of my game plan. I maybe wrong at certain times but I think the most important thing that I acquired from all these years of trading is when to take a trade and when to avoid a trade at certain market conditions. Will share more in my next sharing sessions. :)

Ronald K - Market Psychologist - A Stock Market Opportunist

Wilmar - 80 Lots Short Sell

Shorted 80 lots of Wilmar earlier at 3.7. Could have done it at 3.72-3.73 but hesitated quite a bit because another stock was running and I was more focused on that counter. However, nothing beats a sharp eye, the top volume provided me some important insights and hence I decided to short Wilmar.

The top volume early in the morning was beautifully setup and I knew I must pluck the courage to go big. Currently my Wilmar shorts is in $3520 profits after my initial short at 3.7. The stock dropped in a linear fashion and I will be covering my shorts soon.

As usual, I am happy for those who also shorted Wilmar with me as it's one of the weakest stock earlier. In fact, some shorted yesterday at the peak even faster than me which I am really proud of after learning the strategies from me!

Ronald K - Market Psychologist - A Stock Market Opportunist