Another month has passed. A quick look back in August, market has been very volatile. Manage to make slight profit from contra and very short term trading. I have been hitting to right stocks such as Noble at 1.303, HPH at 0.605, YZJ at 0.965 and the most recent put warrants last week, but however didnt make much due to my fear of market turning too fast. I sold off most at very small profit. My worst miss was the HSI put warrant bought last wed. If only I hold on till friday or even next week, I could have rake in a near 100% gain in 3-4 days. Moving forward, I have to be more confident of my analysis and stick to my trade for higher profit.
September had been always said to be the month which perform poorly in the stock market. One particular theory points to the fact the summer months usually offer light trading volumes on the stock market, as a good deal of investors typically take vacation time and refrain from selling stocks from their portfolio. Once fall begins these investors typically return to work and exit positions they had been planning on selling. When this occurs, the market experiences increased selling pressure, and thus an overall decline.
spikes&curves investment stunt is still conservative especially when most stocks has rebounded. I will continue to do short term trading.
Some of stock under my radar are:
Amtek, Mermaid, Singtel (short), Olam (short)
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