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The Trading Floor
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wavehunter
Supreme |
04-Oct-2023 22:21
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Yoo Hoo..... Wu Lung BUY Ascendas and/or MIT boh har? I bought MIT at 2.19. My wifey bought Ascendas at 2.66. Tomorrow see what both of them want to do. If they bounce, for myself, I am inclined to take profits when the bounce lau hong. Wifey tend to just hold. See how lah. See how my heart feels and whether can take it or not. But if they go down, then different story already. The challenge becomes one of at which level to do the 1st round of averaging down. |
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wavehunter
Supreme |
04-Oct-2023 17:13
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
MIT closed at 2.21. Already in the money leow.  Aiyah.... chiam see niah lah. My immediate dilemma is - which level to sell if she bounce from here. I dont think we have seen the bottom. I dont think the selling at Wall Street is done. So if there is a bounce from here, I will be looking to book one round of profits first. |
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yoga123
Master |
04-Oct-2023 17:11
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x 0
x 0 Alert Admin |
Patience is the key. 👍
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wavehunter
Supreme |
04-Oct-2023 16:28
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
MIT.... BUY orders at 2.19 filled. My boys are at the frontlines now. These boys were waiting in Foxhole 2.19 since the beginning of Sep. Rain or shine or pitch dark, they have been pointing their rifles towards the front for about a month now. Finally today, bears walked into their aiming sight. . 
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wavehunter
Supreme |
04-Oct-2023 16:10
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Ascendas at 2.64 : 2.65 MIT at 2.19 : 2.20. . 
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wavehunter
Supreme |
04-Oct-2023 11:46
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
 After looking at how S & P behaved after she peaked in Dec 2021 and then went on to trade above and below her 200-ema a couple of times, I am guessing and I stress GUESSING whether the index will continue to fall tonite. tomorrow nite and then finds a bottom on Friday nite and starts rebounding. That rebound will continue on Mon and maybe into next Tue and Wed as well. And then the rebound stalls. And back she comes down again. Markets never move in a straight line. The index has been falling. Another 70 pts drop and she would have fallen by 10%. When oversold, there will be a technical rebound. But becoz the reason for the market falling in the first place are still there, any rebound will be a dead cat bounce. That' s why when the bounce is out of gas, down the index will come again. That' s normal market behaviour. If the above is give and take plus minus what we are going to see, then tomorrow and Friday are better days to look for bargains to sell into the technical rebound next week. This suggestion is only for bravehearts. |
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wavehunter
Supreme |
04-Oct-2023 09:49
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Dow Futures 7-early 8-early at -101. Market is spooked. By what, that one I...... 
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wavehunter
Supreme |
04-Oct-2023 09:46
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
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wavehunter
Supreme |
04-Oct-2023 09:39
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Ascendas... Her supports are at 2.67...2.65 and 2.61. This morn, she hit both supports at 2.67 and 2.65. Will she test 2.61 and break it ? If that should happen, then if I bought at 2.67 and/or 2.65, I will hold on to them and observe a ceasefire and reassess. Within the next 1 year, Ascendas will trade back up to at least 2.80 again. From 2.65 to 2.80 is 15 cts. If you buy with money you dont need for 1 year, you will most probably make this 15 cts. Plus in late Jan/early Feb 2024, she will be paying more than 7 cts but less than 8 cts in dividends. If your philosophy is 15 cts is good enough for you and you dont mind holding if she falls lower, then you can nibble at 2.65. |
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wavehunter
Supreme |
04-Oct-2023 09:26
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Fear-induced selling, if we get one, is that a good or bad thing? It depends. If all your capital or most of your capital are already stuck in the market, its a bad thing. If you are not vested and looking for an opportunity to put money to work, its a wonderful thing. If you already bought stocks but you still have a good deal of money to buy more, then its not too bad a thing to have. Anyway, whatever category you are in, history has shown again and again that all fear-induced selling episodes are buying opportunities. Having said that, I must stress again that stockpick is VERY important and this is the very first thing you must get right. All fear-induced selling episodes are buying opportunities and on hindsight, money-making opportunities but provided you pick the right stocks. |
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wavehunter
Supreme |
04-Oct-2023 08:57
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
  Dow fell -430 pts last nite. S & P fell -58.94. There is a difference between nornal selling in rhythm with the UPs and DOWNs of market cycles and fear-induced selling. In the case of the latter, support and resistance levels are totally irrelevant. The right thing to do in this type of selling is to get out of the way of those who wish to dump sell and wait for the dust to settle first. Then look for bargains. And it may take a while for the dust to settle. It hasnt happen yet and I dunno if it is going to happen. But if we get fear-induced type of selling whether today or on any other day in the coming days or weeks, if my BUY orders are not filled yet, they will be withdrawn. And I will wait for the dust to settle first. An example of fear-induced selling is the COVID SELLDOWN of Mar 2020. If you were around in the market back then and looking at your screens, you will know what I mean by fear-induced selling. |
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wavehunter
Supreme |
04-Oct-2023 00:09
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Wall Street is a sea of red now. Dow -345. Earlier was above -400 pts. S & P -53.15. Earlier was above -60 pts. We see what happens in the morn. |
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wavehunter
Supreme |
03-Oct-2023 17:48
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Ascendas dipped to 2.67...which is sipeh ho..... but then hor, kan cheong spiders long chong chut lai push her back up to close at 2.70. Becomes sipeh boh ho leow. Cho limpei sipeh tulan. MIT hit 2.21 last Thu. After that rebounded due to idiot kan cheong spiders. Yday and today her low is 2.22. Didnt revisit 2.21. NABEH. Sipeh Paik Chake. Sipeh Tulan also. |
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wavehunter
Supreme |
03-Oct-2023 13:41
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Observe a ceasefire for now. If you keep buying and each batch you add becomes stuck, it can be very demoralizing for you. Go pull out their charts to find out where the support levels. Wait for the price to reach those support levels. If by coincidence the broader market makes a U-Turn when your stocks have reached their support levels, that is usually a reliable cue to pile on more to average down. If amongst the REITs you bought are Ascendas and MIT... these two I can jio you when they reach their support levels.
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mav1ryan
Veteran |
03-Oct-2023 13:16
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x 0
x 0 Alert Admin |
I buy Singtel and some Reits...
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wavehunter
Supreme |
03-Oct-2023 12:27
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
Bro Ryan, What did you buy, at what price and teok stuck ? Stockpick - must get this right. Entry price - must get this right too. If buy right stock but at wrong price also will teok stuck. Buy at support levels. Average down to bring your price closer to the bottom. When the next high tide returns, you are in the money.
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wavehunter
Supreme |
03-Oct-2023 12:12
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
This one is funny. The cows' reaction, that is. . 
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wavehunter
Supreme |
03-Oct-2023 12:01
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
These are not market leader REITs. I wouldnt recommend anyone here to buy. My usual recommendations are Ascendas and Mapletree Industrial Trust. These are the ones I will ask my mother and brothers to buy. If you want more recommendations other than Ascendas and MIT, consider: CapitaLandInvest CapLand IntCom Trust Mapletree Log Trust But for these 3, study the charts to know where their support levels are. Dont anyhow buy. Cannot buy at any level one. Only at their support levels. Same same for Ascendas and MIT. Becoz I like these two best, I pay more attention to them, give them all my love and undivided devotion. And get to know them very, very well. Their likes and dislikes. In short, their BAWU..what food they like, what perfume they wear etc etc. The 2 REITs you mentioned are the low priced ones. But they also move the slowest and the least. Not hot babe enough for my liking. Miss Ascendas and Miss Maple are hot babes. Have a look. See for yourself. .  , 
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wavehunter
Supreme |
03-Oct-2023 11:46
Yells: "Trade what you see, not what you hope to see." |
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x 0
x 0 Alert Admin |
An Ad rudely interrupted my video and it says.... " Just give me 5 mins of your time and my team will do the rest. Do you wish to make $1000 a day everyday for the rest of your life? Then watch this video bla bla bla....." What crap !!! .  And what a load of BULLSHIT !!! . 
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mav1ryan
Veteran |
03-Oct-2023 11:10
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x 0
x 0 Alert Admin |
I also a bit scare, the more I jeep the more I kenna stuck... :(
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