Start from today, I have make up my mind to start my wealth creation program all over again. Despite reading more than 30 books on wealth creation involving Stock trading, Investing and real estate investing. I felt I am really going no where. It is time to stop reading and take more action.
As at 24th April 2011, my investment portfolio includes:
Share trading: Nil.
Share investing:
Pacific basin (HK: 2343) - Target price $6.50
Bank of China (HK:3988) - Target price $4.80
Esprit (HK: 330) - Target price $80.00
Real estate investing: Nil.
Business: Nil.
N.B. I have separate Share investing and Share trading because I think there is a key difference between the two. For Investing, the time frame is longer, can be up to 3 years and the most important thing is to find a good company to invest and to buy at a fair or bargain price. For share trading, the time frame is much shorter and I don't really care whether it is a good company or not. My entry decision will be base mainly on technical entry. I can go Long or Short. Depending on the market condition.
I planned to hold share investment for a longer period until it reach my target price. Currently I will start focusing my effort in share trading with CFD (Contract for Difference). My task is to find a good online CFD broker that deal with HK shares.
Article by Trading Room
www.tradingforreal.blogspot.com
Sunday, 24 April 2011
Monday, 21 March 2011
What's the purpose of LiFe??
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Article by Trading Roomwww.tradingforreal.blogspot.com
Article by Trading Roomwww.tradingforreal.blogspot.com
Wednesday, 16 February 2011
Baltic Dry Index Rebound Feb 2011
The baltic dry index which measure the cost of shipping dry bulk globally has finally take a break from its previous downtrend and had seen a small rebound recently. There are many factors causing the decline in BDI and the main one is the oversupply of Ships while the relative demand for dry bulk shipping hasn't keep up with the supply. Another reason for the recent decline is the flooding disaster in Australia which is the main global exporter of coal and another reason is the major consumer of iron ore China has close off its import because of Chinese New Year recently. But as the flooding disaster in Australia is improving and with the finishing of Chinese New Year holiday, we should continue to see the BDI rebound for a while. However, I remain cautious over the long term view for BDI over this year because of the oversupply of new ships.
Article by Trading Room
www.tradingforreal.blogspot.com
Article by Trading Room
www.tradingforreal.blogspot.com
Monday, 17 May 2010
Hang Seng Index Market Outlook 17-05-2010
The market did received some support from the 19000 level and the HSI has remain steady just above the 20000 level. So far since OCT 2009, the market had been moving side way, which is not going anywhere at all.
3 month Daily Chart
HSI has rebound from the lower border of the Bollinger Band and has move side way for the last week between the 20000 and 20500 level. Other way to say it is the HSI is consolidating. Both the 7 and 30 day EMA is down. The current 3 months trend is not clear.
1 Year Weekly Chart
There is a potential for double bottom to be forming but it will need the HSI to rally and close somewhere around 20800 level to confirm it. But my feeling on the weekly chart is the market is likely to go lower in the short term.
Overall, I am more prone to bearish in the short term but the long term is still bullish.
Article by Trading Room
www.tradingforreal.blogspot.com
3 month Daily Chart
HSI has rebound from the lower border of the Bollinger Band and has move side way for the last week between the 20000 and 20500 level. Other way to say it is the HSI is consolidating. Both the 7 and 30 day EMA is down. The current 3 months trend is not clear.
1 Year Weekly Chart
There is a potential for double bottom to be forming but it will need the HSI to rally and close somewhere around 20800 level to confirm it. But my feeling on the weekly chart is the market is likely to go lower in the short term.
Overall, I am more prone to bearish in the short term but the long term is still bullish.
Article by Trading Room
www.tradingforreal.blogspot.com
Sunday, 9 May 2010
Hang Seng Index Market Outlook 09-05-2010
We have experience some severe correction last week, with the HSI dropping more than 1000 point. The market has been in a bit of a panic mode. The reason people say about the correction was because of the Debt crisis in Greece which might progress throughout the whole European market. In my opinion, the market had definitely overreact.
3 Months Daily Chart
On the daily chart, we can see wilden Bollinger Band which meant increasing volatile of the market. The HSI bar is currently outside the Bollinger Band, meaning the market in the short term has been oversold. It is likely we can see some support in this level.
1 Year Weekly Chart
HSI has dropped back to the recent low level of around 19000. Here we can see a potential double bottom forming if the HSI rebound from this level. If HSI continue to penetrate below the 19000 level, we might be able to see HSI to go even lower.
Currently the market is fill with uncertainty. If I am a buyer, I will start buying more security at bargain price, of coz there is no promise that the market won't go lower, but if the market goes lower, you can continue to average down your position. So don't eat too full, there might be more bargain ahead.
Article by
Trading Room
http://www.tradingforreal.blogspot.com/
3 Months Daily Chart
On the daily chart, we can see wilden Bollinger Band which meant increasing volatile of the market. The HSI bar is currently outside the Bollinger Band, meaning the market in the short term has been oversold. It is likely we can see some support in this level.
1 Year Weekly Chart
HSI has dropped back to the recent low level of around 19000. Here we can see a potential double bottom forming if the HSI rebound from this level. If HSI continue to penetrate below the 19000 level, we might be able to see HSI to go even lower.
Currently the market is fill with uncertainty. If I am a buyer, I will start buying more security at bargain price, of coz there is no promise that the market won't go lower, but if the market goes lower, you can continue to average down your position. So don't eat too full, there might be more bargain ahead.
Article by
Trading Room
http://www.tradingforreal.blogspot.com/
Monday, 3 May 2010
Hang Seng Index Market Outlook 03-05-2010
Last Week the Market had fall more than I had expected. Reaching some support at the level around 21000.
3 Months Daily Chart
It looks like we are in a 3 months uptrend. With HSI suffering a recent correction. I think price will gain some support from the 21000 level.
1 Year Weekly Chart
With HSI staying right above 30 week EMA. In my view it is unlikely for HSI to drop further. If HSI continue to rebound well from the 21000 level. We should be seeing a new wave of upward move.
Article by Trading Room
www.tradingforreal.blogspot.com
3 Months Daily Chart
It looks like we are in a 3 months uptrend. With HSI suffering a recent correction. I think price will gain some support from the 21000 level.
1 Year Weekly Chart
With HSI staying right above 30 week EMA. In my view it is unlikely for HSI to drop further. If HSI continue to rebound well from the 21000 level. We should be seeing a new wave of upward move.
Article by Trading Room
www.tradingforreal.blogspot.com
Saturday, 24 April 2010
Hang Seng Index Market Outlook 25-04-2010
The HSI had pull back from it recent high of 22200 to 21200 secondary to profit taking as we have suggested.
3 Months Daily Chart
The HSI has move under the 7 and 30 day EMA indicating the short term HSI is back to its value zone. It is like to attract more trader to buy at this price and it will should some support around the 21200 level. The HSI should rebound in the short term.
1 Year Weekly Chart
The HSI is resting on the 13 week EMA. On the weekly chart, it seems very obvious to me the HSI was bound to the 22000 to 20000 trading range for more than 7 months. It is really time for the HSI to break out of this range and move higher.
Overall I am bullish on both long and short term. I am waiting for the second wave of market rally which will hopefully reach the 25000 level or more.
Article by
Trading Room
www.tradingforreal.blogspot.com
3 Months Daily Chart
The HSI has move under the 7 and 30 day EMA indicating the short term HSI is back to its value zone. It is like to attract more trader to buy at this price and it will should some support around the 21200 level. The HSI should rebound in the short term.
1 Year Weekly Chart
The HSI is resting on the 13 week EMA. On the weekly chart, it seems very obvious to me the HSI was bound to the 22000 to 20000 trading range for more than 7 months. It is really time for the HSI to break out of this range and move higher.
Overall I am bullish on both long and short term. I am waiting for the second wave of market rally which will hopefully reach the 25000 level or more.
Article by
Trading Room
www.tradingforreal.blogspot.com
Saturday, 17 April 2010
Hang Seng Index Market Outlook 2010-04-18
As expected my from last comment, the HSI did received some selling pressure on around the 22000 level. Ending the week at around the 21800 level.
3 Months Daily Chart
On the Daily chart, the HSI had fall back to the 7 day EMA and staying above the 30 day EMA. The Bollinger band had get continue to get wilder compare to the previous week. In my opinion, the HSI is likely to fall to 21500 level and get support from there. Overall the three month trend is an up.
1 Year Weekly Chart
Both 13 and 30 week EMA are pointing upwards and HSI staying above both EMA. On the weekly chart, it seems to me that it is very likely the HSI will break above the 22000 level and go to probably 23000 level in the longer run. The current 1 year trend is UP.
Overall I am bullish on both short and long term. The HSI may fall lower but I think it is very unlikely to fall below 21000 level.
Article by
Trading Room
www.tradingforreal.blogspot.com
3 Months Daily Chart
On the Daily chart, the HSI had fall back to the 7 day EMA and staying above the 30 day EMA. The Bollinger band had get continue to get wilder compare to the previous week. In my opinion, the HSI is likely to fall to 21500 level and get support from there. Overall the three month trend is an up.
1 Year Weekly Chart
Both 13 and 30 week EMA are pointing upwards and HSI staying above both EMA. On the weekly chart, it seems to me that it is very likely the HSI will break above the 22000 level and go to probably 23000 level in the longer run. The current 1 year trend is UP.
Overall I am bullish on both short and long term. The HSI may fall lower but I think it is very unlikely to fall below 21000 level.
Article by
Trading Room
www.tradingforreal.blogspot.com
Saturday, 10 April 2010
Hang Seng Index Market Outlook 11-04-2010
The HSI has reach out target of 22000. It been a very bullish week despite having only three trading days.
3 Months Daily Chart
On the daily chart, the HSI has move outside the Bollinger Band, indicating increasing volatility and showing the strength of the Bull. The HSI close on Friday at around 22200 level. The HSI has lift off from the 7 and 30 day EMA. Which seemed to tell me that in the short run, the HSI is a bit overvalue on a technical basis and it is likely to meet more selling pressure from traders next week. But the HSI will regain support if it fall back to the 30 day EMA.
1 Year Weekly Chart
The HSI has breakout from the trading range of 20000 to 22000. The HSI is staying above 13 and 30 week EMA with both EMA pointing upwards. All these are longer term bullish signs. I predict the HSI should be able to reach 25000 at the end of the year.
Overall I am bullish in the longer term, in the short term I mean few days to 1-2 weeks. The HSI is going to meet some selling pressure so I don't expect the HSI to move upward a lot. For me I will continue to hold on to my long positions.
Article by
Trading Room
www.tradingforreal.blogspot.com
3 Months Daily Chart
On the daily chart, the HSI has move outside the Bollinger Band, indicating increasing volatility and showing the strength of the Bull. The HSI close on Friday at around 22200 level. The HSI has lift off from the 7 and 30 day EMA. Which seemed to tell me that in the short run, the HSI is a bit overvalue on a technical basis and it is likely to meet more selling pressure from traders next week. But the HSI will regain support if it fall back to the 30 day EMA.
1 Year Weekly Chart
The HSI has breakout from the trading range of 20000 to 22000. The HSI is staying above 13 and 30 week EMA with both EMA pointing upwards. All these are longer term bullish signs. I predict the HSI should be able to reach 25000 at the end of the year.
Overall I am bullish in the longer term, in the short term I mean few days to 1-2 weeks. The HSI is going to meet some selling pressure so I don't expect the HSI to move upward a lot. For me I will continue to hold on to my long positions.
Article by
Trading Room
www.tradingforreal.blogspot.com
Saturday, 3 April 2010
Hang Seng Index Market Outlook 03-04-2010
The HSI had continued to do well last week, reaching a even higher high level of 21500 for the last month. There is something I want to emphasis about this point, whenever a stock price or a index is reaching a higher high compare to the previous high level. We say the price is advancing well. Another well to put it is saying the bull is getting stronger because it was able to push the price up to a higher level. As I said before, an uptrend is characterized by higher peaks and higher troughs.
3 Months Daily Chart
It seems that the HSI is going to break above 21500 level and advance further to 22000. The HSI finished on Friday with a Bullish Bar. My definition of a Bullish bar is on that period the HSI open on the low end of the bar and close on the high end with price range having a higher high and higher low compare to the previous bar. I reckon this is quite a bullish signal on a daily chart. Some trader might see this signal as a trigger of entry for long position when this signal is associate with a short term uptrend (which it was in this case.) And also Bollinger Band had been narrow, so the premium for Call Option will be relatively cheap. On an option trader perspective, it can be a good opportunity to open a long Call on HSI last Friday. P.S. HSI had continue to stay above both 7 and 30 day EMA.
1 Year Weekly Chart
On the weekly chart, it shown a similar bullish bar last week. The distance between the 13 and 30 Week EMA had become more further apart. And both EMA are starting to turn up with HSI staying above both EMA. All these are bullish signs. In fact you can see the HSI has actually formed a trading range between the level 22000 and 20000 over the past 7 months. In my opinion, the Market was resting on this trading rest before it is going to form another big bullish move. Prior to this trading range, HSI had advanced from 12000 to 20000 which was a big move indeed. The market need some time to rest before it can advance further.
Article by
Trading Room
www.tradingforreal.blogspot.com
3 Months Daily Chart
It seems that the HSI is going to break above 21500 level and advance further to 22000. The HSI finished on Friday with a Bullish Bar. My definition of a Bullish bar is on that period the HSI open on the low end of the bar and close on the high end with price range having a higher high and higher low compare to the previous bar. I reckon this is quite a bullish signal on a daily chart. Some trader might see this signal as a trigger of entry for long position when this signal is associate with a short term uptrend (which it was in this case.) And also Bollinger Band had been narrow, so the premium for Call Option will be relatively cheap. On an option trader perspective, it can be a good opportunity to open a long Call on HSI last Friday. P.S. HSI had continue to stay above both 7 and 30 day EMA.
1 Year Weekly Chart
On the weekly chart, it shown a similar bullish bar last week. The distance between the 13 and 30 Week EMA had become more further apart. And both EMA are starting to turn up with HSI staying above both EMA. All these are bullish signs. In fact you can see the HSI has actually formed a trading range between the level 22000 and 20000 over the past 7 months. In my opinion, the Market was resting on this trading rest before it is going to form another big bullish move. Prior to this trading range, HSI had advanced from 12000 to 20000 which was a big move indeed. The market need some time to rest before it can advance further.
Article by
Trading Room
www.tradingforreal.blogspot.com
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