Trading Q&A

I have moved

2007-11-07T00:09:00.000-08:00

Dearest all,

You may join me at http://www.chartnexus.com/forum/index.php

to discuss abt trading and technical analysis. It's so much easier for me to reply to all of you . : )

No one will be left alone!

3 important things to arm yourself with in the Stock Market

2006-02-19T05:38:00.000-08:00

These are the things you should possess if you intend to profit from the market.

1) Trading plan
2) Psychology
3) Money Management

Without any of the 3, in the long term, you will lose money!

Stock Trading Q&A Digest 3

2006-01-15T04:37:00.000-08:00

15 Jan 06, 11:05Cancerian: Poems, UOB, DBS Vicker etc. Looking into opening up an online account, who's better? Your advice pls. Thks.

Ans: I have no idea because i only use iocbc. The only thing u should compare is their brokerage. Do not be afraid to ask them. I'm sure they are desperate to have you as a customer.

15 Jan 06, 01:04jq: this is not a trading question but i ask anyway: why you put "sponsored by ChartNexus" at the left side? are you working for them?

Ans: I am not working for them. Rather it's a partnership where I help to provide feedback to them on their software and other potential areas of cooperations.

13 Jan 06, 18:24Archer: refering to ur 11th Jan posting..what do u mean by weakness..how is it shown on the charts...how do u detect bear strength in them ?

Ans: You can find the answers in my Digest 2 posted on 7th Jan 2006, i explained that.

8 Jan 06, 19:42Cancerian: Hi Decipher, what's your sequence of tools use in your analysis work? Trendline first to determine general direction and then candlestick or pattern for micro analysis to determine entry or exit? Pls

Ans: In this order hor, market direction >>> sector in play >>> see how leaders are doing >>> look for chart formations >>> Use technical indicators to confirm

8 Jan 06, 18:38learner: hi Decioher, sorry i am not sure if the questions that i posted have been ask before. Btw your knowledge is learned from books, practise or course?

Ans: I based on the books i read and my own experience in losses! it's so painful to lose that i avoid the same mistakes. You can view the books i read by clicking on my picture.

8 Jan 06, 18:36learner: If it is making new highs, how we know when to get out? I get out of celestial too early after holding for 2-3 months. It could be right or it may be wrong, i dont know.

Ans: I always say no one can sell at the exact top. When you buy a share, make sure u have all the exit plans ready. When triggered, just sell. You will not be so sad now if Celestial do a U-turn where many penny shares are so fond of doing. keke

8 Jan 06, 18:35learner: What is your breakout strategy? By volume on resistance? How is it validated or invalidated? What software you use to detect the breakout?

Ans: Learner, there is no way breakout is 100%. Some fell back into trading range. However, a breakout from a nice chart formation should be more successful. Software? I use chartnexus! :D

8 Jan 06, 18:32learner: How do you spot distribution?

Ans: Distribution happens when volume is high for a few days and yet price didn't go any higher. It can be further confirmed by reading the time and sales. You will notice more selling than buying despite price staying firm.

Stock Trading Q&A Digest 2

2006-01-07T21:07:00.000-08:00

6 Jan 06, 17:16ck: it is clear tat we're in the bull now.. but wat is a signal for u to sell?.. TA wise? or market sentiment?.. how to judge? cos most stock are showing overbought but still continue to rally..

Ans: A very good question. After strong rally, stocks will definitely sucuumb to profit taking. The question is when! I use T.A to take my profits when I see weakness in the stock. Things like, hitting resistance, volume declining despite closing higher in price, huge volume yet price is unable to close higher than previous and finally price close lower then previous on a high volume. Remember, it is almost impossible to sell at the exact top. To sell somewhere close to the top is good enough. If you took profit too early, nevermind! Just be patient and wait for the next opportunity. Why risk the paper profit for that extra few bids up which could never happen?

5 Jan 06, 01:11ermmmm: u mentioned u r a local, do u mean SGX local or just a local resident...??

Ans: I'm a Singapore citizen. I have a job full time and trading is my part time after my office hours. In Singapore, everyone is looking for an opportunity to earn that extra dollar. I happen to find my way from the stock market. I'm pretty sure i'm not the only one around. : )

5 Jan 06, 01:03pp: what is 'distribution'?

Ans: Distribution happens when smart money who have bought enough at the low price began to sell their holdings when the price is high. It is very important not to buy at distribution!

4 Jan 06, 19:21Sianz Sianz: Hi, Decipher, may i ask what's that QuickPick List you created? The price stated is it the target price?

Ans: Quick Pick list contains stocks that have unusual volume traded as compared to their average daily volume. Most likely something is brewing from within. If you read through my archives, you can find that i'm always complaining about how stocks moved up alot before the company make any news. So it's worth to look at these stocks before the news is out. The price stated is current price and not target price.

Stock Trading Q&A Digest 1

2006-01-01T20:15:00.000-08:00

Happy New Year to all! This will be a profitable year for all! Huat ah!! :D
Trading is often a lonely game, no one around us can understand the ups and downs we are facing. Especially when I first started out, i got teased by my losses and my wins were discounted as lucky. I really was very frustrated and decided to get good at trading. Sound familiar? If you are in my situation, welcome aboard! Let's learn together! :D

If you know of any friends who will find the content helpful, please forward my URL to them.

1 Jan 06, 02:21tom: Not really a question here, just a compliment. I think you've been a great help to everyone, dude. I'll be getting the books for some fundamentals. And i hope you keep it going!

Ans: You bet I will keep it going with people like yourself so supportive! Thanks! : )

30 Dec 05, 23:06Archer: u keep on saying about psychology ...can u enlighten me on ur methods employed by u to make money in the market...?

Ans: Archer, my psychology can be followed or even read from the archives at GrowMoney Blog . Yes, to all new to trading, understand psychology first even before you begin. Atune yourself to losses and read all the trading books you can find. If the trading system confuse you, read the psychology part of the book. That's how I improved. Everyone should have a different set of methods to overcome your psychology in trading. Let me give you an analogy, given your favourite food right in front of you and you are hungry, what would you do to not eat the food? Psychology in Trading is such. You must be able to separate your yourself, your mind from the market as and when you want. Also, you must be able to sell and not hold in hope when you know it's time to cut loss. You should also sell when you have profits and not be greedy to hold out for a larger profits. Of course, buying and selling decision should be followed with trading system. I was so engrossed in trading that I almost lost my girlfriend. This is how important psychology is to me as I began to understand trading everyday. Sometimes i wonder, isit because of my massive losses when i started trading woke me up and all the psychology bits and pieces fall into place. I meant, can psychology really be taught without personal experience? All the painful losses came back to me everytime a similar situation appeared and that allows me to avoid dubious trades. So if you just started out....do not focus on profits, instead, trade small and understand the game. As you get good at getting it correct, I GUARANTEE you that profits will come to you. My logic is, if I am still learning, why should I risk so much capital? Everyone has to pay "tuition fees" to the market as they learn, why not make yours a cheap one?

29 Dec 05, 22:59marc: Hi Decipher, i saw your charts but i do not know how to decipher whether it is up-trend or a down-trend. Any simpler ways to understand your charts? Thanks!

Ans: Marc, I do not chart downtrend chart. : ) This should save you the trouble. haha However if I do chart downtrend, I will show it clearly. Otherwise, it's uptrend, be it short term or long term.

29 Dec 05, 12:52Archer: how much will it cost to buy from Amazon..apart from the price of the book...the cost of shipment , handling ,etc to Singapore?

Ans: I bought mine from Singapore hence am not aware of the handling charges. Why don't you ask amazon?

28 Dec 05, 12:02Quest: how do you conclude if gap covering is a bearish or bullish or neutral sign? if a chart gapped downwards but was quickly covered in the next few days, is it a bullish sign?

Ans: Gaps are overeactions to news. First understand it's psychology. When it gaps up, a huge crowd of buying power occured, they helped pushed the stock up. Very bullish indeed. But it will also mean it will run out of buyers sooner. In Singapore's market, intra day trader will contra. And when contra period is up, profit taking will take place and the stock will retrace. Infact, some of the retracement will close the gap. We must then look at the volume at which the gap is closed to determine if the move is completed and exhausted. I prefer stock not to gap up and instead, edges up steadily and slowly with very slightly more buying then selling triggering a very balance demand and supply situation. If everyone wants to buy and no one selling to them, what will happen? They will turn into sellers themselves.

Replies for the past 2 weeks

2005-12-26T04:36:00.000-08:00

I'm so sorry guys for not attending to this site for a long time. After coming back from Genting, I was busy catching up with my work and most importantly, my trades!!! I thought I saw opportunities and started to focus on my trading instead. This is also one reason why you should digest my growmoney blog on a daily basis. I'm a local and i make mistakes as well as profits. Let's learn together!

22 Dec 05, 22:03sonjoy: can i say that your quick pick list does not meet your "chart formation+vol= breakout" strategy?

Ans: Yes sonjoy, i provided the list for those who wish to know what are the stocks to look out for in my opinion.

20 Dec 05, 20:26Archer: at what time do u do u read all this questions and answer them....?

Ans: Archer. I tried my best to do it whenever i'm free or when the market is quiet. When you don't hear from me, I must be busy trading. : ) But minimum will be on a weekly basis.

20 Dec 05, 20:14Archer: what book should one get fimilar with to understand ur breakout method...ur one book..maybe "Bible" for breakout that u would say " I swear by it !" , that I could read for understanding ur method

Ans: I wish it's that simple. It's a combination of 3 books which i felt most useful and it's in my Growmoney Shop. You can either get locally or thru amazon. Do not focus on trading system. Psychology is the most important! It's the driving force behind any trading system!

20 Dec 05, 20:11Archer: can u expain/elaborate with charts what is higher high higher low..er..something like that...that which u look out for when determining a breakout?

Ans: You can see my charts at growmoney blog. Normally I will mention. but to put it in words, it's a "W" with the right side of the "V" higher than the previous one.

19 Dec 05, 23:55Her: Thanks for the reply, Decipher. But what is chart formation? Sorry, I'm really very new to this.*blur*

Ans: Her, I can't posibly list all chart formations here without diagrams. However you can do a google search for it. I prefer to explain why chart formation is important to me. Chart formation reflects the buying and selling of the stock. Consolidation....distribution... a proper chart formation will gives me more confidence to buy it.

19 Dec 05, 23:47Archer: i notice u use RSI more often than MACD or stochastic..is this true..what indicators do u rely on for breakout?

Ans: I use RSI alot however I also used MacD Histogram on the weekly chart to determine the major trend. As for Stochastics, I am not using anymore as my current breakout system does not require it.

19 Dec 05, 23:43Archer: are u refering to cup and handle and double bottom as chart formation ? what other (list of ) formation are there to look out for?

Ans: I basically look out for every chart formations I knew. The list is very comprehensive. You may think i'm boasting. But it's the truth, I been reading charts for the past 2 years daily and somehow all the practises had given me the ability to spot formation easily today.

19 Dec 05, 23:02Archer: Thanks for the prompt reply. I need a lot of 'hand holding' !So, can u elaborate ur method with some illustrations please? U mentioned about Cosco . now 2.17 .when break out?

Ans: Cosco is behaving oddly and currently had rebounded off it's 200 moving average at 2.08 support. I intend to write a book on what work for me. Hence I will not elaorate too much online now. :P

GrowMoney Quick Picks & Breakouts

2005-12-19T06:33:00.000-08:00

19 Dec 05, 17:07Archer: Newbie to this field. Eager to learn how to trade shares. Wants to know how to spot breakout . How did u arrive at the list in the quick pick? Thnx

Ans: There are many forms of breakouts. While I did not learn about the rest, the 2 breakouts i studied in details are as follows:

a) Breakout of 20 days high, 50 days high.

b) Breakout in terms of price difference as compared to previous session with volume more than 25% or 50%. The % is determined by you as you grew more experienced and tune it to capture more accurate breakouts.

19 Dec 05, 13:08sonjoy: The X-pert from Chartnexus not easy to use.

Ans: Please contact the support team from Chartnexus. They are a friendly bunch of people and will be happy to help.

19 Dec 05, 11:45Her: Decpher! How do you spot a breakout before it breaks out? I still cannot figure it out! Help! Thanks!

Ans: I do not spot a breakout before it happens. Normally, i will spot it after it has done so or sometime right before the market close at 5pm. For me, Chart formation + good volume == breakout!

Trading Q&A

2005-12-11T06:25:00.000-08:00

Ladies and Gentlemen,

Thanks for posting your questions and thus making this ite very interactive. I appreciate it. : )

I notice recently alot of you have been asking me which stocks can or cannot buy. It's illegal for me to provide buy and sell call. MAS will catch me! : ) So all i can do is provide you what I see and I won't issue buy/sell comment. I hope you can understand.

If you have no ideas what to buy, you may refer to my growmoney blog where I chart what I thought is intereseting for you to consider.

9 Dec 05, 21:13darius: How much percentage of your equity do you risk when you trade?

Ans: As I am a salaried employee, I set aside an amount to risk per month. It is part of my expenses for that month. Hence if i lose that amount, I can take heart that i still save a part of my salary in the bank thus my savings won't be affected if i lost in the market. Inshort, I risk an amount that is part of my expenses. If I lost, I will have less restaurants and more kopi tiams. No shopping, no movies, stay at home to read up on trading and sad to say, no pubbing or clubbing!

9 Dec 05, 21:12darius: What indicators do you use to confirm a trend and how do yoou use it. Can you give an illustration?

Ans: I use the simple higher highs higher lows. This is easy to spot on the chart. You can refer to growmoney blog where there are many charts i drew from June '05 till now.

8 Dec 05, 23:11mb: Where can I learn how to read the charts? is there any books on it? thanks

Ans: You can visit my Decipher shop located on the left panel to see the 3 books i highly recommend.

8 Dec 05, 19:38Sianzsianz: I am thinking of putting my money in either Sun Business or Seksun for mid-term? Are the two counters worth the investment, Decipher?

Ans: I am not an expert in fundamental analysis. Trading base on volume and price actions is my forte. Hence For the 2 counters you mentioned, I have no idea man. Both are pretty illiquid stocks.

8 Dec 05, 18:24Lull: Hi Decipher, I have been stuck with Hyflux shares and Biosensors. I came to reality and now decided to cut my loss. In your opinion whats the best time to sell?bioS@1.17 HyF@2.77

Ans: Hmm...this is tricky...maybe you can consider after the yearend rally to make up some loss ground? Because I dun see our market going south yet.

8 Dec 05, 15:42LBK: Hi, decipher, what do you see the KEPPEL CORP, can buy?

Ans: Keppel Corp, hasn't appear on my analysis report yet. But you can hear it first at growmoney blog when it happens. : )

Stocks Trading Q & A

2005-12-07T08:14:00.000-08:00

7 Dec 05, 19:12Sianzsianz: I bought ChinaEnersave at high 18.5 cts and till date it has dropped to 12cts!! I have hold on to it for 01 yr or so. It is better to sell off and go for other stocks ?

Ans: I had encountered the same situation and taken a decision that changed my life. Everyone must make their own decision, I am not qualified to teach you what to do. But you may want to read this http://growmoney.blogspot.com/2005/08/hgm-dumpeddecipher-reborned.html : )

7 Dec 05, 19:10Sianzsianz: Hi, Decipher, need your help to analyse this stock - ChinaEnersave?

Ans: Firstly you have to decide if you are going to trade it or invest in it. I won't trade this counter because of it's low volume. If you want to invest, you must find out the fundamentals of the company which is not easy. To be honest, the volume is low and it is proned to be manipulated hence i siam this type of counter.

7 Dec 05, 14:07Her: Decipher, there is a lot of sell down for Metro but how come the price keeps going up?

Ans: Please visit http://photos1.blogger.com/blogger/1689/1183/1600/2006Jan-MetroHldg-800x415.0.png for why it is going up. : )

7 Dec 05, 11:27Vivien: Appreciate if you could explain what is "outperform""Overweight" "Unerweight" or" neutreul" given by the broking houses. This is to buy or sell?Dont understand.Thank you

Ans: I have to admit, i don't know the anwser! haha You may want to check the meanings at www.investopedia.com

7 Dec 05, 00:57binatang: From your experience what TA indicators do you find the most useful forma practical standpoint? I'm new to TA & I'm getting confused by the vast variety of indicators out there

Ans: I like breakout chart formations with RSI. Every indicator has it's own merits. But I prefer MAcd Histogram, RSI, moving averages mostly.

6 Dec 05, 22:48Her: alamak.My msg got cut off. Anyway,I wanna ask u what "good volume" is to determine a breakout. Thanks in advance.

Ans: Good volume will be typically 25% over the average of 14 days volume.

Stocks Trading Q & A

2005-12-06T06:31:00.000-08:00

So far there isn't any youngster trying to learn investing or trading ah? Decipher kor kor willing to teach leh. Better start young coz' this is also the time when you can afford to lose and restart. C'mon!

6 Dec 05, 17:39
Her: Hi Decipher! WHat do you mean by a shooting star and how do you spot a shooting star? Btw, I think ur blog is great. I'm glad I bumped into it.

Ans: I'm so happy you like the service i trying so hard to share! Ok, shooting star is a japanese candlesticks formation. During the intra-day, it reaches a high and then towards the end of the day closes near the low of the day forming a very long upper shadow. This shows that the late selling strength keep the price near to the day low. Bearish signal.

6 Dec 05, 17:35
Stockpile: There are some counters with sublistings like DB eCW061121 behind them. What are these counters? Is it what they call structured warrants? How do we play such instruments? Do these instruments affect the main share price?

Ans: Yes they are structured warrants. It is traded like any other stocks. But, they have an expiry date. I would suggest you to visit www.dbwarrants.com.sg it's a very useful sight for warrants. They normally follow their main share's movement. If you intend to trade warrants, please find out more! They are extremely volatile!

6 Dec 05, 17:27
Stockpile: Hi Decipher, thanks for your replies. May i know what is this counter STI ETF? Something to do with the index? They pay dividends, don't they? i see there is a 100 behind it. Can we buy in 100 lots.

Ans: Yes these are traded according to the STI's movement. I haven't traded them myself.

6 Dec 05, 15:28
xiao hei: HI Decipher, Biosensors 'moves' today cos Boston Scientific's bid for Guidant? may i know its support and if it is time to invest?tks

And: my trading style is to wait for a defined movement which will form some shapes like double bottom, cup and handle....hence i will not buy biosensor as of now. I haven't master the art of bottom fishing. As for support, I don't trust them. Normally I use money management to determine where i will cut loss. I'm not saying you should follow my trading style, but If i don't know, i want to be honest and say I don't know rather than bluff my way through. :)

6 Dec 05, 12:52
yoyo: decipher, will married deal quanity reflect on the total volume of trade?

Ans: Yes, it is taken as the volume in total for that day.

2005-12-05T07:55:00.000-08:00

5 Dec 05, 17:54stockpile: Further to my earler question, what are some of the counters you feel bullish about? Tech stocks,banks. Looks like some of these counters are gearng for another push, perhaps.

Ans: If you want to know my current analysis of the market, please follow my growmoney blog too! : ) There I provide after market post mortem.

5 Dec 05, 17:24stockpile: Is it time to load upon shares now if one has some spare cash, since the market is quiet??

Ans: I wouldn't recommend buying blindly. Always differentiate between trading or investing.

5 Dec 05, 14:10yoyo: decipher, what are the advantages of married deal over buying/selling in open market?

Ans: Married deals are done privately and the price is not according to the exact buy/sell queue. Normally it's done at a discount to current price.

2005-12-04T04:42:00.000-08:00

Hello all! Please continue to field your questions! I'm here to help. : )

4 Dec 05, 05:14Ley San: If you have held stocks which unfortunately fell down to almost 40-50% of its original value, with consistent low volumes, would you consider to sell or hold on ??

Ans: If i'm in your place, i'm not sure if i will have the courage to cut loss. 40%-50% lost is massive. I think since you are now forced into babysitting them, you had better check out the financials, if it's not a company worth investing, you might have to bite the bullet. Recalling past experience, I am stuck in HG-Metal, Sunpower, Anwell before. I cut my position before it turned nasty. An advise, decide if you want to trade or invest before you make the buy.

2 Dec 05, 16:31xiao hei: Hi, may I ask questions even if i am not a member? May i know your view on MIIF, it's downward trend & at historical low, wouldn't the 3.1 cts dividend help 'support' the price tks

Ans: I have no membership program! Everyone is welcome! I'm here to help. : ) MIIF is a REITs. Simply said, REITs are currently not in play. If you are an investor, the low price is actually very good to accumulate more. If you are a trader, it is not in play hence I decide to stay out. Interest rate plays an important role for REITs and you must also realise our market has many reits now.

2 Dec 05, 03:11res: r u a professional trader?

Ans: I wish I am! :D But seriously, i'm holding a permanent full time job and hence my trading system are mostly position trading versus intra day. However, trading is a business to me. Hence I spend most of my free time on it.

1 Dec 05, 15:48Quest: how importmant is the FA of a stock to you? if the TA is very compelling, do you trade based on TA regardless of failing FA or valuation?

Ans: I trade good FA stocks. I ignore poor FA stocks. Reason being, poor FA counter is prone to be manipulative for the insiders to get out. I have been tricked before and hence I am more careful now. :P

Stocks in tight range, holding period

2005-11-30T08:31:00.000-08:00

Keep the questions coming guys and gals!

30 Nov 05, 01:17Quest: in other words, if you decide to hold a position in a stock but the stock refuses to make any significant moves, how do you decide when to close the position?

Ans: If I am trading, volume plays a part in my decision to sell. Typically, I look out for strong volume but unable to break highs for 2 straight sessions. Shooting star or a big down day with volume. This is my trading system, it's only for your reference. If I see a better breakout signal and no cash. :P

If I am investing, I will only sell if I see big bear market coming just like 2002.

30 Nov 05, 01:16Quest: if a stock price goes into a tight trading range, how does one decide the holding period?

Ans: It is anybody's guess when it will breakout. No T.A will be able to pin point accurately. You just have to learn to watch the volume. Chartered is a recent example of a few tight sessions before the breakout today. You can check my Chart request blog for the chart.

married deals, stale bulls

2005-11-29T06:34:00.000-08:00

29 Nov 05, 17:47Wynx: What's a married deal?

Ans: The price transacted is agreed by the parties concerned and is usually not more than 10% off the closing price of the share.
It it just two or more parties buy/sell shares without putting the shares in the market. They just have to cross the shares transacted on the exchange (for reporting purposes).

What is shares overhang? Stale bulls?
29 Nov 05, 10:48decipher: Share over hang means buyers buy at $4.00, then price declines, and now it is resting at $2.00. There are buyers at $4 waiting to sell thus makes it difficult to rebound

29 Nov 05, 10:44Quest: lets assume one is competely new to stocks and wants to trade some. what kind of methodical approach would you teach that person on screening for stocks?

Ans: I would advise picking liquid stocks. If you are looking for a whole series of stock screening, there are plenty out there on the book shelf. The cheapest and best book I had came accross is "How to make money in the stock market" by William J. O'Neil. For $20, you can start to trade like a pro. Trust me!

29 Nov 05, 00:43KopiO: Dear Decipher, I got 10,000 of AsiaWater but I dun understand the rights and warrant issuedrecently. Can you explain? Based on 1st Day trading of warrant, do you think i should subscripe or let go?

Ans: You should make clear and decide....are you buying because you want to invest for the long term? Or do you want to trade the trend? Base on this, you should make a better solution.

Maiden article

2005-11-28T08:26:00.000-08:00

Thanks for the questions. Looks like you guys are not newbies! haha I was expecting questions on how to get started. hahaha One reminder, I will not update as frequent as my growmoney.blogspot.com, due to time constraints. However, I will surely spend weekend answering all questions posted in the week should I have no time during weekdays.

coldfusion: Hi Decipher, just one Q. Should a trader go long immediately after a breakout of a trading channel or wait for opportunity to go short instead? Your views pls..thks..:-)

Ans: It will depend on what you base your breakout on. As for me, my breakout plays must have 3 elements, volume, chart formations and price. If all 3 are present, then the odds are higher. However it is very seldom to see all 3 occurs. That is where your cut loss strategy comes in. Do not be fooled by a breakout without volume or a huge volume with little price movement.

jeme: how do u select a good stock in e first place?.. tons of them in sgx

Ans: Jeme, I select stocks base on, high liquidity (High average daily volume of at least 3 million), Fundamentals (I avoid shoddy companies), Chart formations, breakouts or simply bluechips. Although i'm very much a technical analyst, I do own SPH for long term. In trading, I open my eyes and ears to everything. It is important to approach this game with an open mind.

Ley San: how do you determine the resistance level?

Ans:By simple drawing recent highs in a straight line. For longer term resistance, use major peaks, short term resistance, use minor highs.

Ley San: how do you read charts? i just want to learn more abt RSI & MACD.

Ans: : ) How do I answer this? I find Alexandera Elder's Trading for a living very useful. It explains some of the most common indicators. If you look carefully, there are advertisers on my website, you can visit them as some are educational website like mine. Or you can do a google search. Plenty of free explanations.

Quest: are you a fulltime day trader? what do you trade in?

Ans: Nope, I hold a full time job. I prepare my analysis at night. It's what you do after the market close that is more important. There is no need to monitor intra day for me, as I do not trade intra day. I have experience in Simsci futures and shares.

Lily: I understand that there is an Inside Two method variant too. Apart from this variant, are there more variants to the original Inside Three Method?

Ans: Sorry, I am not aware of such methods. :P

Lily: How do you trade an Inside Three Method? Where should I place my entry and how to place my stops?

Ans: For Inside Three Method, I don't have the answers. As for entries, stops, i would place them according to technical indicators or chart formations.

Lily: Hi, may I ask something on candlestick charting patterns?

Ans: Yes Lily. I am trained on candlesticks as well.

sacredmarket @ SI: u trade the SIMSCI? how did u get started and what u use to base your decision on?

Ans: As I do not have live data feed at that time, I depended on my trading kakis for charts they share generously to me. I go long when MacD histogram is below zero line and sloping up and there is a bullish candlesticks formation on the 30 mins chart. Otherwise I will look out for bullish divergence or bearish divergence to go short. Last but not least, I always get a clear direction of STI and trade to that major direction.

wuiwui: i dunoe much abt TA. can help?

Ans: You must get started by reading...pick up one indicator at a time...do not rush..Market will still be there even if we all die. If you haven't started on anything, pick up candlesticks. Pay attention to the psychology behind the formation of candlesticks. It is important.

Quest: my question is what good newsfeed is there to subscribe to? for singapore market news. or is listedcompany the best(and free) way for this?

Ans: Actually, I shut my ears and eyes to news feed. Over time, I found that it is the least important to focus on. It clouds my mind. But it's always good to know what's happening. I am a member of Shareinvestor.com so that is my only source.

Learn to trade with decipher

2005-11-27T19:48:00.000-08:00

Dudes & dudettes,

It's very important to start early. So if you are just fresh out of school. Do not think trading needs a large sum of money and close your mind to it. Learn now and when the opportunity comes, strike! I have limited help back then and learn through losses! You should not be doing the same! Start winning now.

I'm providing a free coaching here for everyone to learn. Feel free to ask questions you not sure about getting started on stocks investing/trading in the chat box and I will reply them. Let's treat this as my form of returning to the society on top of the charity i do every month. Cheers!