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Only if one can stick to one's plan and execute it. Sometimes it is easier to plan than to execute. Every body knows what is risk and seeks ways to avoid or lessen it while at the same time hope to make money with the so-called plan. But the question is why people are still losing.
iPunter ( Date: 11-Jun-2012 08:28) Posted:
Sifu's approach is good... I like... 
It shows that he is a good trader in that he deals with the market (monster)
in an objective and detached manner ie. no ego needs to prove oneself right.
Whereas the typical player usually has a great overwhelming personal need
to prove himself right and the market wrong, be it being bullish or bearish.
This strong need to prove oneself right manifests in acts such as averaging.
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Sifu's approach is good... I like...
It shows that he is a good trader in that he deals with the market (monster)
in an objective and detached manner ie.
no ego needs to prove oneself right.
Whereas the typical player usually has a great overwhelming personal need
to
prove himself right and the market wrong, be it being bullish or bearish.
This strong need to prove oneself right manifests in acts such as averaging.
I would short and take profit at $1.370.
Then let it falls and enter at $1.270. Stop loss set at $1.230 and Profit taking at $1.650.
If Genting can rebound from there, it could rally to $1.750.
If $1.230 support is also broken, Genting has a high chance of breaking below $1.00.
I would continue to short if it falls below $1.230.
Just my trading plan.
iPunter ( Date: 10-Jun-2012 22:17) Posted:
Then I should enter @1.28... (stop-loss 1.25)... lol...
alexchia01 ( Date: 10-Jun-2012 21:20) Posted:
Even if there is a rebound, I doubt it would reach $1.500.
Just sharing with you... Genting SP can fall until $1.270 before seeing any real support |
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I agree with sifu...
If it drops next week, one can adjust the entry price, with new up-to-date chart data.
Since it is not going to be the T/O target, it's no big deal, so most likely to fall further...
New123 ( Date: 10-Jun-2012 22:20) Posted:
$1.30 will be a strong support. I think it may bounce-off from $1.30 and perhaps a gd opportunity for intra-day long or swing long.
iPunter ( Date: 10-Jun-2012 22:17) Posted:
Then I should enter @1.28... (stop-loss 1.25)... lol...
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" Singapore gaming operator Genting said it has taken a stake in Australian casino operator Echo Entertainment...."
Genting has not been giving out dividend consistently, buying another company will diminish hope of cash dividend. usually will not well receive by shareholders.
$1.30 will be a strong support. I think it may bounce-off from $1.30 and perhaps a gd opportunity for intra-day long or swing long.
iPunter ( Date: 10-Jun-2012 22:17) Posted:
Then I should enter @1.28... (stop-loss 1.25)... lol...
alexchia01 ( Date: 10-Jun-2012 21:20) Posted:
Even if there is a rebound, I doubt it would reach $1.500.
Just sharing with you... Genting SP can fall until $1.270 before seeing any real support |
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Then I should enter @
1.28... (
stop-loss 1.25)... lol...
alexchia01 ( Date: 10-Jun-2012 21:20) Posted:
Even if there is a rebound, I doubt it would reach $1.500.
Just sharing with you... Genting SP can fall until $1.270 before seeing any real support.
Isolator ( Date: 08-Jun-2012 22:57) Posted:
| Genting is at minor channel support now.... Monday, there should have a rebound..... Getting to 1.50 is also possible... Enjoy... |
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Even if there is a rebound, I doubt it would reach $1.500.
Just sharing with you... Genting SP can fall until $1.270 before seeing any real support.
Isolator ( Date: 08-Jun-2012 22:57) Posted:
| Genting is at minor channel support now.... Monday, there should have a rebound..... Getting to 1.50 is also possible... Enjoy... |
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According to the chart, it certainly looks very precarious...
edchai ( Date: 10-Jun-2012 19:37) Posted:
Means if it drops below 1.42, it will drop all the way as investors lost confident ?
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Means if it drops below 1.42, it will drop all the way as investors lost confident ?
Anything below 1.42 is a short opportunity. Probably can look into going long when price go up to 1.80.
Uncle Ti 88
http://uncleti88.blogspot.com----
I trade using the Commitments of Traders Report.
Follow the commercials. They buy we buy. They sell we sell.
No matter what time-frame one plays the market... It is still betting...
porky88 ( Date: 09-Jun-2012 11:29) Posted:
this I fully agree..
but do note the outcome is relative to the timeline... i can be 1 hr.. 1 day... 1 month.. 1 year...10 years....
iPunter ( Date: 09-Jun-2012 11:12) Posted:
Playing stocks is not a matter of being right or accurate... that is all Ego stuff.
Stocks is all betting, but ony few are honest or ego-less enough to admit it.
A good stock player treats all his bets as just that... bets. He/she will
neither feel ecstactically proud all over when right, nor lose face
when wrong... for in stocks, all is but betting on the outcome...
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this I fully agree..
but do note the outcome is relative to the timeline... i can be 1 hr.. 1 day... 1 month.. 1 year...10 years....
iPunter ( Date: 09-Jun-2012 11:12) Posted:
Playing stocks is not a matter of being right or accurate... that is all Ego stuff.
Stocks is all betting, but ony few are honest or ego-less enough to admit it.
A good stock player treats all his bets as just that... bets. He/she will
neither feel ecstactically proud all over when right, nor lose face
when wrong... for in stocks, all is but betting on the outcome...
Bopanha ( Date: 09-Jun-2012 08:52) Posted:
| iPunter is saying $1.30 but Isolator is saying $1.50. Who is more accurate, we shall find out. Hahaha. |
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Playing stocks is not a matter of being right or accurate...
that is all Ego stuff.
Stocks is all betting, but ony few are honest or ego-less enough to admit it.
A good stock player treats all his bets as just that... bets. He/she will
neither feel ecstactically proud all over when right, nor lose face
when wrong... for in stocks, all is but betting on the outcome...
Bopanha ( Date: 09-Jun-2012 08:52) Posted:
| iPunter is saying $1.30 but Isolator is saying $1.50. Who is more accurate, we shall find out. Hahaha. |
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With Dow's good showing possibility of $1.30 is slim, instead I think $1.50 more likely.
porky88 ( Date: 09-Jun-2012 09:16) Posted:
i have long positions at 1.455 and 1.5...
but i don't mind if it goes to 1.3... buy more....
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i have long positions at 1.455 and 1.5...
but i don't mind if it goes to 1.3... buy more....
iPunter is saying $1.30 but Isolator is saying $1.50. Who is more accurate, we shall find out. Hahaha.
Genting is at minor channel support now.... Monday, there should have a rebound..... Getting to 1.50 is also possible... Enjoy...
On the
weekly chart, there appears to be a good breakout indication in the last 2 weeks.
But this week's bar brings it
crashing back to a low into the channel, thus making a
descend to the next point at
1.30 a believable possibility...
Drowning doesn't mean dead....Still alive to swim......Can be saved by safety boat or swim to shore myself..... Outcome not know yet...... Anyway 97% long done on Genting...... can consider all in already for a counter.... Next Monday will be the judgement day.... Either win big or lose big..... Pray hard.... lol
alexchia01 ( Date: 08-Jun-2012 16:22) Posted:
Stock market is the only place where you see people drowning and yet they don't want to get out of the water...
Isolator ( Date: 08-Jun-2012 16:08) Posted:
| Drowning..... Must endure.... lo |
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