Ok, US market is terrible. Check out the below
| Dow | 11984.60 | -228.48 (-1.87%) |
| S&P 500 | 1295.11 | -24.91 (-1.89%) |
| Nasdaq | 2701.02 | -50.70 (-1.84%) |
I am glad at least I did trade, so I will actively go and search out news. For example, I know the reason why US down so much.
'Stocks plunge on economic news, oil price swingsStocks swoon on poor economic news, swings in oil prices; Dow has worst day since August'
Back to my ill-fated SMRT, with market outlook so undesirable, no amount of TA helps le. Thats why I have always believed FA more important than TA. Anyway, there will always be people who do TA for you online but FA is subjective.
An update on my SMRT, I have placed a sell yesterday at 10pm for my 5lots. Hopefully can get it. I tried shorting it 1.91 for 10 lots. But the system said I exceeded client limit again. Seriously, the system is damn %$#@ will call them and check about it at 9am. In a worse case scenerio, I will probably sell it at 1.91 to cut loss because I highly doubt SMRT will be worth that much after its out of STI. Better not lock in my money in SMRT now, make it earn back what I have lost now. My appetite for loss is probably about 5% not 10% as most people been adhering to. Fingers crossed sia.
Well, there goes my my first ever trade =( an epic failure.
My guess that Dow will go below 12000 was right! ok, USA market is a great influence. I must also keep an eye on it. I believe STI will be about 2800 by this evening, from 3075.44 yesterday.
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