Following is a re-cap on the swing trade (or scalping) idea for OCBC on Wednesday. The trade went well as planned and the trader would have closed the trade at S$9.05-S$9.07 zone this morning. ...
As I normally share during my 1-on-1 coaching sessions, simple understanding of the stock's phase allows traders to adjust its target price and stop accordingly. In this case, a conservative target price and tight stop works well as OCBC trades in a consolidation zone.
Today is the day of trading for 2016. On the last day, I always ask myself how has I improved as an investor/trader this year and what are my goals for the next year. It helps and I hope you'll do the same too.
2016 is a memorable year and so is 2006. 10 years ago, holds one of my most memorable trades. Traded Genting SP, happily shocked to learn that Genting won the bid as one of the Casino operator in Singapore, while I was still holding to Genting shares and was polishing my trend trading techniques.