Trade with the Trend, the Trend is Your Friend
Here is this week’s update.
Short Position (Stopped Out)
Yangzijiang Shipbldg Ltd (SG)
Yangzijiang Shipbldg Ltd Daily Chart
Long Positions (Initiated)
Ezion Hldg Ltd (SG)
Ezion Hldg Ltd Daily Chart
K-REIT Asia (SG)
K-REIT Asia Daily Chart
Sabana REIT, Starhill Global REIT and United Envirotech Ltd long trades are still alive. The REITs sector seems very strong for the Singapore market. What do you think?
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Here is this week’s update.
Short Position (Initiated)
Yangzijiang Shipbldg Ltd (SG)
Yangzijiang Shipbldg Ltd Daily Chart
This position may be stopped out due to recent rally.
Long Positions (Initiated)
Sabana REIT (SG)
Sabana REIT Daily Chart
Starhill Global REIT (SG)
Starhill Global REIT Daily Chart
United Envirotech Ltd (SG)
United Envirotech Ltd Daily Chart
Let’s see how the market will move from here.
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No trade position for this week.
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Exited Sabana REIT. No trade position at the moment
Long Position (Exit)
Sabana REIT (SG)
Sabana REIT Daily Chart
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Here is this week’s update.
No new trades added.
Long trade Sabana REIT is still alive.
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Exited the following trades.
Sakari Resources Ltd (SG)
Sakari Resources Ltd Daily Chart
Long Position (Exit)
Wisconsin Energy (US)
Wisconsin Energy Daily Chart
Overall a profitable trade.
Only Sabana REIT long trade is still alive
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Exited the following trade.
Olam Intl Ltd (SG)
Olam Intl Ltd Daily Chart
Short trade (Sakari Resources Ltd) and long trades (Sabana REIT and Wisconsin Energy) are still alive.
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Exited the following trade.
Long Position (Exit)
Wing Tai Hldgs Ltd (SG)
Wing Tai Hldgs Ltd Daily Chart
CMC’s Spread Chart for Wing Tai
Technically, there was no called to exit the trade. Trade was stopped out due CMC’s unreasonable spread. I have decided not to use CMC’s platform due to numerous bad trades encountered and opened an account with IG Market.
CMC used to be my favourite trading platform. After CMC made their recent changes, it has become a hassle to trade with them. Using their stop entry and auto stop loss functions has now become a risk because you have no idea how many ticks above or below the trigger price the order will be executed. The number of horror stories seems to be increasing – so much bad press for CMC.
Added the following trade.
Short Position (Initiated)
Olam Intl Ltd (SG)
Olam Intl Ltd Daily Chart
Short trade (Sakari Resources Ltd) and long trades (Sabana REIT and Wisconsin Energy) are still alive.
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Exited the following trade.
Long Position (Exit)
Tiong Woon Corp Hldg Ltd (SG)
Tiong Woon Corp Hldg Ltd Daily Chart
Overall a profitable trade.
Added the following trades.
Long Position (Initiated)
Wing Tai Hldgs Ltd (SG)
Wing Tai Hldgs Ltd Daily Chart
Short Position (Initiated)
Sakari Resources Ltd (SG)
Sakari Resources Ltd Daily Chart
Long trades (Sabana REIT and Wisconsin Energy) are still alive.
If you find my blog useful, tip me a few dollars to show your support.
Here is this week’s update.
No new trades added.
Long trades (Sabana REIT, Tiong Woon Corp Hldg Ltd and Wisconsin Energy) are still alive.
If you find my blog useful, tip me a few dollars to show your support.