Unwilling Trigger GOOG

Unwilling pulled the trigger on Google
Sold 1 share
Wanted to unlock some cash for Singapore Stocks Warchest
And also because Google share price broke record high today

Also sold half of my Nvidia holdings, which is 6 shares.
Initially wanted to wait for my target price of 210
But doing a calculation, it is only extra 12 bucks.
The other 6 shares, I might see how it goes when is on the way to the next support level (around 250).

Currently I have US$5k freed up
Total account including cash is now @ US$34 k
If it hit 35k, then it will be special for me
as it should be around Singapore 50k.
but it might drop below it quickly when crisis hits
or continue rising, and I still have stocks inside to benefit from it
But my current aim now is to lock in some profit and have some cash first

Unlocking US Stock Funds

My warchest is becoming thinner
Looking to unlock some funds from my US Stock account.
Might see if I can get S$10k from there for Singapore Shares warchest

Had been thinking about how to unlock last night
some ideas:

• those with very high PE ratio
• those already close to a resistance level

if there is really a recession next year
at least managed to lock in to some profit on the high
before value of shares decline
and use the money to pump into Singapore dividend shares
when they are cheap

Nvidia is a good candidate to sell
as its PE is high at ~45
also due to bitcoin slowing
their revenue is hit
they are also close to their next resistant level @ 219
I was thinking of exiting @ 210

Luv Hong Kong

Bought 500 Hong Kong Land again today
Was thinking the righting in HK is getting less ferocious
And Trump may make up to China slightly
Also I still need to invest sometimes
Rather than always waiting for a crisis
My war chest now is not that good
Less than 20k
But there are still some things I can mobilize
Like selling silver when the price rises again
There is still my USD trading account
also the option to borrow from bank using loan by stocks

Recently Tesla popped
Got the chance to see when stocks rise, they really do so quickly

My trading is also not going well
but I may still continue by adding an additional step
which is to watch the action around the support
before joining the train

INFY buy

Also accidentally closed the Tesla trade, by buying 5 shares of Tesla.

What happened was because I put a Limit order at 267.

But Limit order will buy the share if it is a better price.

In other words, 267 or below.

Another potential sell (Honda)

Shorting Tesla again

Another trade

Bought Tyson

Stock scanning:

How is the angle of 150 & 200 SMA line?

If it is too flat, I skip it

When the angle is steeper

it suggest the current trend is strong

next I see if there is any retracement

but how much of a retracement is considered good?
when it is near a resistant/support line

or even close to any sma line

next is to see if i can have low cost

and high return

best is the stop loss i want to see is very close to the current price

then i can risk less, and win bigger

Enter the above

the resistance is quite good, has been test 2 times

win-loss ratio of 3 times

Yay!

Just got 1 first win in stock trading.
Still on negative, hope to hit positive soon.

Weekend Stock Charts Absorption

Some simple thoughts :

look at the overall trend, using 150 and 200 SMA
look for those sloping up or downwards
nevermind about those that are more straight

next, is there a retracement?
like upward trend, but price is going downwards to hit 150 or 200 SMA
or hitting resistant/support line
these are the opportunities

set stop loss slightly away from 150 or 200 SMA
allowing for some buffer
try to aim for smaller gap between current price and stop loss
so that win-loss ratio is higher

so when to take the win?
use resistant/support line
set limit slightly below resistance line. vice versa

win-loss ratio should not be less than 1
in other words, if you risk 100, your potential win have to be more than that

if ever you feel lost when trading, just remember the main logic:
you just want to ride on the trend, by entering when there is a retracement

Traded Tesla

Anyway I sold 3 Tesla, without knowing that it is deducting from my current holdings
So currently, I hold 17 Tesla Shares.

Tesla also a candidate

From the previous posts that I wrote about trading
Tesla also seems to be a good candidate to short
Looking at the green and blue long term lines
It is quite obvious a downward trend
and currently it is retracing upwards.
it might go down again to the 175 level

Update from the previous post

Sold 5 shares of FB @ USD179.5.
The reason is because I am on negative funds.
Should have checked how much is the bet before placing the order.
Now currently trading 15 shares of FB.

Trading again

Previous trade, I lost money with Tesla.

After watching Adam Khoo's video, I added another tool for analysis.

Using Simple Moving Averages of 50, 150 and 200 time period.

My logic for opportunity is to look at whether is it an uptrend or down trend first.

How? Is 150 and 200 SMA sloping upwards?

Next, look at the price now, is there a retracement from the upward trend?
(Sometimes the 150 and 200 SMA are a form of resistance)

If so, it is a buying opportunity.

I am risking USD 138 for this trade.

Placed the Stop Loss below the lowest point on 2 Oct 2019.

Some words from AK along the lines of "we are not trying to predict the market. We are just trying to follow it. When it is going up, we follow it. When it is going down, we follow it."