I had a pleasant surprise from Cherry Diaz who is based in Singapore, a lady who won my book in a stocktrading game. She is currently number 1 in the standing and she posted an excerpt from my book that was of particular help to her.
Here:
It’s quite timely too because the market is doing funny things in the last few months, there was the US Fed tapering, weeks before it actually happened, markets plunged, only to recover before the end of the year (the early “January effect”), then when January came, emerging markets came crashing down , the Asian stocks fell from China market moves, only for the markets (particularly S&P 500) to reach record highs again. It’s confusing, I know!
So for those wondering how far there is to go, don’t! The market does what it does. Like you can’t simply make someone like or love you. It’s up to them. Now, it’s a bull market in the US — and with a low GDP number coming out treated as “bad news is good news” with the Fed remaining on investors’ side. (For a while, watch out for another panic attack! So better have exit strategies ready). I’ve also written a post at InvestorPlace.com (USA) – this is particularly useful for those trading Options, but even if you are not, I think there is a benefit to understanding the discussion of the technical levels.
Speaking of exits, I’ve sold all my BHP shares yesterday, mainly because it goes ex-Dividend on Monday and the stock is expected to go down in price and want to redeploy my capital. The result is quite good, I bought at 35.40 and sold at 38.43 or roughly $3 per share profit before tax. I had a 50cents Initial Risk (or Stop) in this trade so that amount to a return of 6x my Risk. Pretty good huh!
If you want to learn the Low-Risk and High-Reward Strategies – Entry, Exits, Trading Psychology and how I managed this trade join me in my upcoming discovery workshop that I will be holding in several cities this March-April. Further dates and venues / webinars will be announced,
Manila – March 22 Megatrade Conference Center, Megamall in Manila, Philippines
Sydney – April 21 1pm (venue to be announced later)
Singapore – April 23 6pm (venue to be announced later)
More details on the workshop here . Places are filling fast. Register now!
