This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
War chest deployed back to 24%
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I thought you'll let this 2nd half-position run... That's what most traders would do after banking the profit from half our position.
Then I saw trailing stop.
Yes, stops can be a blessing and a curse...
There was a false breakdown in the morning when STI went below 2400. It stopped at 2390 and then zoomed all the way to 2500 ;)
Just like that, we are back to former "strong" support at 2500. Between STI 2800 and 2200.
It will be interesting to see which direction the market will turn!
Next to be watching on two DBS positions. Becoming short-term trading. :-)
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