This blog is record of me in becoming a great trader in time to come. It also serve as constant reminder of the trading rules that I need to follow. Follow me on Facebook if you think this information can be useful to you!
My Story
I used to buy stock based on news and analyst’s recommendation, which usually end up in loses. I also used to monitor live stock price and buy into a stock when I see the price is running up (chase the stock - GREED) and sell the stock when it starts to come down (FEAR). The result? Every time after I buy, it come down, and every time after I sell, it goes up (I believed this is very common among us) I have then learnt that I NEED to AUTOMATE the trade (become end of day trader) to take out the emotion of FEAR and GREED. It works. I plan my strategy after the market close, automate my trading before market open, and let the market decide the outcome of my plan & strategy.
Automate your trade with E (Entry), S (Stop Loss) and P (Profit Target) Keyed in before market opens. Remember to use OCO, if Done, StopLimit order to protect your trade (Your Money).
Use StopLimit Order. Only buy when E was broken, and MUST sell when S is broken. Remember to shift your S accordingly (to protect your profit) when the stock price move
Use StopLimit Order. Only buy when E was broken, and MUST sell when S is broken. Remember to shift your S accordingly (to protect your profit) when the stock price move
Today's potential Up trending stock (US)
| Counter | Symbols | E | S | P |
| Willis Holdings Ltd | WSH | 40.61 | 39.69 | 41.92 |
| United Natural Foods Inc | UNFI | 44.09 | 42.67 | 46.00 |
| Ariba Inc | ARBA | 32.59 | 30.63 | 35.00 |
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