The vacation period at office is over, and tempo is picking up!
will not be spending so much time blogging, because it sucks in a lot of energy, but this does not mean i am not doing my due diligence on my trading ( 1-3 months time frame) or looking out for good quality income assets. please stay tune!
Key Points
1. stopping the stockpicking series for the moment, because it triggers me to trade too often, and over too short timeframes. sucking up a lot of my time.
2. focus on learning skills: patterns; sizing resources.
3. recap and test my strategies.
Summary of action ( show chart when got time)
Holding onto Acromec ( ~$6K) EP: 57.5c
- Smart monies inside; converging prices (symmetrical triangle)
Entered Spackman (~$6k) EP 19.4c SL: 17.7C TP: when it hovers ( when it touches SMA50 but nv bounce up, sell)
- Uptrending counter; bull flag (entry point)
Entered Dynamac (~$6k) EP 17.5C SL 16.5c TP when it breakdown ( ~20c)
- ascending triangle; smart monies ( volume); price looks primed at breakout, placed SL below support.
Upcoming post:
1. Review of Year 2016: how to do better (summarised)
2. skills learnt : triangles and breakout
2. re-look strategy of investing in income assets
Important earlier post
general strategy
http://sltrw.blogspot.sg/2016/12/lesson-looking-forward-and-ahead.html
Trade setups
http://sltrw.blogspot.sg/2016/10/lesson-trading-set-ups-learnt.html
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