Never Lack - Dun need to be Kiasu Kiasi

I was shocked when my Mom called yesterday (Friday) asked me what to do with SIA that she bough on Wednesday (14 Nov 07). I was shock because I repeatly told her not to buy anything this week. Yet she still get in and buy 3 lot of SIA...sigh

She said she though that the market is rebounding when the market moved up on Wednesday and she has been monitoring SIA and felt it is “Very Cheap” now.

One common misconcept is, people like to treat share price like common goods that we buy on a daily basis. Compare share price with it historical or recent price and conclude that it is cheap or expensive. But the problem is the demand and supply of share flutuate much faster comparing to physical item. Added with other dimension of factors such as corperate performance, perceptions etc, these make share price very dynamic.

Another problem with my Mom is, like most people she is lack of information. In this information age if you are lack of information you are severely disadvantage. People without information will alway track a few stock only. And because of the lack of choice they usually trade in a “lack mentality” or what we better know as “kiasu & kiasee”. This mentallity will also leads to rushing in too early or chase a stock that has ran up too high.

One of thing that I am impressed of T3B is you will never run short of idea to trade. it uses technologies to give us an edge over others. With the click of a button I can scan the whole market for good shares. So far I have yet to find a day that I could not scan out any stock. And we are just talking about SGX. In this Internet age that we can trade foreign market, I can only said the choice is abundance.

Coming back to what I have told my Mom, STI is still in a down trend, it might moved further downward. but the risk level is very near the bottom and considerably lower. Looks like the rebound is near. And since you already get in and if your lost is not more than 8% hold on to it. But if it go beyond that sold it off and cut loss. Get in again when the up trend is more certain.

Stay neutral

I can't believe it, I was suppose to make some shorting this week but ended up too busy to make any decision. Unlike Philip's Protrader, POEMS still do not have stop limit feature in CFD. And also no order entry off trading hours. Hope they can come out with this features sooner. Then I will be able to make purchasing decision before the market starts and not let trading affect my work or vice versa.

Anyway, I am not complaining, I am still very very glad that I am not holding any long counter at this period of severe diarrhoea.

Looking at the STI chart, it is still in a down trend. A friend of mine was using his technical knowledge and says that STI should hit 3350 level, meaning there is another 120 pts to drop. :O

But in T3B, the teaching is, we don't guess the market. All we do is to identify the early signal and then ride the trend. We are alway in a neutral position. No emotion. Which ever direction the tide move, we will follow.

Until now, most counter is still downtrending. Many stock sure looks attractive. But I won't enter the market now. Not shorting nor long. The market could rest for a few days (Side way) then another trend is declare. So I will wait and see.

Oh, I have received quite a few pple asking me to diagnose their counter. I have replied some but not all due to busy work schedule. Sorry if I didn't reply you. :)

STI Action

As what the T3B chart has shown STI is still in correction. The current support is at 3630. But I seriously doin't think it is going to hold.

Will certainly go for short now. Looking at the scanner many good shorting counter is appearing.

Drown by the mighty river (Yangzijian)

Calvin: “bro, u bought Yangzijiang right?”

Me: “Yah, but sold off about 2 weeks ago. Make a little loss lah”

Calvin: “Wah you heng ah....me kenna man”

Me: “How many lot u buy?”

Calvin: “Me average down and now holding about 10 lot lah. Siong ha”

Me: “U WHAT!!? Wah lau u Jia lek lah, I though u go for preview and Keane say can not play average down, sure die one”

Calvin: “Kenasai, i though this one component stock can play mah. Bro u T3B expert, what to do now?”

Me: “It is still down trend. But I can't tell u what to do, wait suddenly it shoot up then u will blame me. What I can say is if it go down further than 2.2 u better give up and run”

Calvin: “Si bei siong leh, this time Oh Bak Kark liao”

Me: “Yah lah, people already tell you and you still don't listen”

Calvin: “Yah lah never kenna, never believe one. Eh...When is the next course?”


This is probably the fifth call that I've received this week asking for advise. Like what Keane said, if you don't have the good system you will learn from the rest and die like the rest. The big fish are there preying at you. And ironically many of these worldly wisdom will only make you fall deeper into their trap.

I bough Yangzijiang at $2.68 because my friend told me his broker's tip. It was also during that few day that the paper was blasting about china play. Added with one big securities house recomending a strong buy and set target price at $4.00. So I though it was a good play dispite T3B chart showing high risk. But one consolation is I told myself I would at least follow T3B's exit point.

Needless to say, less than a week it hit the exit point and I was forced out with some losses. Looking back now I would say it is a blessing in disguise. Today I am out and I can anytime buy it back at 20% discount. But do I want to go in now when it look so "CHEAP" now? Surely not, I am going to be smart and follow the rules. Until the entry signal show again, I will not make any move.

Looking at Calvin's strategy, his averaging down only give him the most 5% discount. And the worst thing is, he is now on huge paper loss and under tremendous stress. His stress will go further if the shares price goes further down. Looking at the chart it is a very likely situation.

Calvin..I pray for you.

Trust News...Can you?

I was being forced out Friday. But that is not my concern. What concern me is on Wednesday the Fed announce a half percent rate cut. Then came Thursday, Dow plunged more than 360 points. That is what really scare me. I start to wonder what will happen to US market next. The magic pill is not working now and the Doctor (Bernake) can't do anything until one month later. And he did said that he is not likely to do anything.

Anyway I am not holding any position now. I will probably prepare myself for some shorting action this coming week. Will check T3B Forum for more shorting ideas.

Someone in CNA forum asked did T3B factor in the News into their software. In fact one of the reason why I sign up T3B is hearing Keane shared about how the big boys use News to play the market. I cannot agree with him more because I was once in such practice.

Some years back I was working in a listed company. Business was bad because they are in a very traditional business with little growth potential. The chairman is a uneducated but very shrewd and streetwise man. What happen is he actually got some technologies from oversea. But it is certain not those state of the art kind of technology. In fact it is something that is already in the the market.

He then got a few of us in to do business development. I was very puzzle that he actually employed us to market those kind of products. Right after that he engage a PR company and spended some 100k to blast it out. During my 3 month stay with that company I actually attended many of these press release and product launch. Although it did not make headline, but every newspaper have some coverage about this traditional company venturing into technologies.

There and then I did not understand why they spend so much on such ordinary technology. 3 month later I left the company. After less than a year, non of my colleage was there and without long that product died of it own.

But guess what. Their share price shot up. Looking at the chart now I realised that anyone who bought their shares based on News has actually got in at all time high price. And if I am a executive in that company, I would have buy in before the News at low price, sell off when price peaked right after the News.

My conclusion is very often than not, News is what the big boy wants you to listen. Basing on News to invest are basically falling into thier trap.

FORCED OUT !!!

What's up man....I kena FORCED OUT :(!!!

And this is my first loss using T3B. For the record it is $200. Anyway, I take it that this is a good chance to practice cut loss. The previous 2 round I only managed to practice cut profits.

Donald who bought the same counter as me was being forced out as well. But Lucas UOB-Kayhian is still in play. My mom's Cosco is still in play.

Looking at those S2 (Shorting counter) did not find anything interesting. And strangely Creative moved up. The rest of the Shorting counter did not thumble down as well. I am abit loss of direction. Anyway the trend is very dubious in either direction now. Probably seat out for a little while to observe until more define directions. I've learn from many senior and T3B mentor that the environment of a late bull is usually very volitile and confusing. Hope this is not the end yet. I still hope to learn more on trading the Bull. Although I heard that if you know how to short the bear you can earn more and earn faster.

Oh...Talking about T3B's support. I've never been to other courses, but I think T3B support has been excellent so far. I did chat with some mentor on the Wednesday clinic session. I must said they are very patience and professional. Also the forum community support is strong. I've learn and clarified much from these good support.

If any senior or mentor of T3B see my blog, I want to say thank you for your help and keep up the good work :)

Wise became Fool

Bought Fuxing at 0.565 yesterday. Today it when down 1 cent. Market was not moving much today. Anyway the exit point is 0.535. So I will hold on till a signal appear.
US market seems to be doing well tonight. Hope the Feds do cut thier interest rate. If so , I believe tomorrow will be a good day :).

Looking at STI, a peak has formed. At 3829.91. If tomorrow the market when up about 25pt it will break peak and the market should be charging up again.

Boy....I can't believe this. I am talking like a pro..haha. Anyway, so far my friends and my mom are pleased with my analysis. Out of my group of friend only one of them lost about $200. What to do, he when it in at around 10 Oct 07. A bit unlucky. But I believe if he continue to follow my T3B advise he should be alright in long term.

Another good thing is Donald and Lucas sign up for the course as well. I believe they will find the course powerful as well.

Having said that, my 3rd uncle is still very sceptical about T3B. Anyway, he loses quite badly in the July correction and he is still waiting to recover. What to do, there is something about older people and their experience. These experience suppose to make them wiser but instead it became a baggage that hold them back. :)

I got one advise for you uncle :)
Better a poor but wise youth than an old but foolish king who no longer knows how to take warning. - Ecclesiastes 4:13

Action

Saw some good posting at T3B forum and some of these counter sure very promising.

Particularly on Fuxing. broken IPO S3 peak. Based on the teaching it has a high chance of runing up. Will get in tomorrow. Most likely will use CFD to get in. BTW I wonder what does Fuxing do? ...hmmm Sometime it is just strange making money from a counter but not knowing what business their in. Frankly speaking until now I still dun know what Singlun and SSH do. But then still able to make profit from them. :)

Well generally I think the market looks brighter now. Many stock have broken peaks and declared an uptrend. If STI broke the peak of 3840 then an uptrend is confirm. Let see what happens tomorrow :)

Performance

Concluding after last week sold off :)

Using T3B :)
Singlun – Bought at 0.22 when it broke S3-S1 peak. ..Sold at 0.315
Yongname – Bought at 0.39 with S3 rules. ..Sold at .415
SSH – Bought 0.39 with S3 rules ....Sold at 0.42
Courage Marine – Bought at 0.465 when it broke S3-S1 rules. ....Sold at 0.495

The rest I buy on tips and news. Very jia lak :(
Lantrovision – Long 0.75 Sold at 0.7
Yangzijiang – Long 2.68 Sold at 2.58

No immediate action in this coming week. Still not too sure about market direction yet. A lot of stock still show down trending. Will probably monitor for a few days :)

Yet another great escape

It was 10:30 in the evening of 16 Oct. Something strange happens. Out of the six counters that I am holding, 2 of them broke trouogh (Ausgroup and Yongnam) and 2 of them hit profit protection call (Singlun and Yangzijiang). It was strange because the recent market sentiment was very bullish. Just the day before I attended the gathering organised by T3B. Keane was just sharing some recent successful pick of T3B. But now the chart shows a exit signal.

To be honest, I struggled wondering should I exit or not? Due to the recent bull run, my emotion was still rather hyped up. On the other hand, the obident me tell me to follow T3B's rules. After much struggle, I decided to follow T3B and enterd the stop loss.

The next day, most of my shares were sold. Made some profits, but not as much as it was when it was peak. Somehow the market did not move much for the next 2 day. Then came the big correction on Friday. STI corrected some 60 points and I was elated. But never did I know what it is to come. That Friday evening Dow corrected some 300 over points and STI further tumble downward on Monday.

At that moment what I can only say T3B System is awesome. In fact this was the second escape. Way before the market correct in mid July, most of my friends who uses T3B had escaped. T3B is power man.

Singapore Stock Pick using T3B 26th OCT 07

Isn't it awesome, with a click of the button I could screen through the whole market and pick up the potential high flyer is seconds.

The following are my pick today based on T3B system for tomorrow action :)

STI
risk lever still on high side, no clear indication of direction but down side is higher as of today.

Creative (Short)
Hugging trending line and risk level low. excellent.

What is T3B

Good day :)

Since this is the first article, I though it is more appropriate that I share with you what I thought about T3B.

T3B is a circuit breaker

Many of us are hot blooded trader, we trade thinking that we could make big buck. We are also fueled by the potential of great profits. Never did we know that the stock market is full with pit fall.

But what T3B does is to put us in the right perspective of accessing risk. The entire system is about protecting your downside and let the upside runs. If one truely follows the rules, it is impossible to make big time losses. I said this with great conviction because I have in various occasion escape market correction using T3B system.

In a longer term, I believe T3B System will bring to a greater wealth. And I would like to share the jorney of using T3B in this blog.