Fortuneteller. Index turning negative. Scomnet will close below 32.5 => False breakout. All todays buyers will lose 4 sen a piece after 4 days. Underlying broader market is very2 weak. Index hanging by a thread b4 plunging in late december towards 1620. Sell call across the board. Zero equities. 100% cash.
Ok punt at 0.335. Chartwise a true breakout will take it to 0.38. Sell at 0.375. If it breaks 0.325 to the downside then throw at 0.32. Because previous high was at 0.325. Breakout would hv failed n turned into a false breakout. Either you make 4 cents, or you lose 1.5 cents. Trading like a professional gambler. With no intention to own the company for its business success. Professional or not a gambler is still a gambler. Gambler will definitely lose money in the long run. You may make 4 cents here n lose it n more in another trade. Be an investor to partly own the company for a few years n reap the capital appreciation n dividends once the company is successful n flourished. The odds are 9 over 10 stacked against you in active trading.
if u r an investor...why should u care about false breakout...so u r proffesional enough telling people to sell..buy or sell...its your own dqecision..no need to tell people to follow your intention..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
koi koh
2,499 posts
Posted by koi koh > 2017-11-27 16:55 | Report Abuse
20 k tickets