The day after yesterday

Woke up at 6am sianx... was supposed to go with neighbour to distribute tuition leftlets outside NJC gate but then it was raining so heavily. So in the end didnt go hehe.

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'

http://finance.yahoo.com/news/Stocks-plunge-on-economic-apf-2850721087.html?x=0&sec=topStories&pos=main&asset=&ccode

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.

Traders' Mentality



US market

while i am typing this

DOW is 12038.95 (-1.43%)
S&P500 1300.34 (1.49%)
NASDAQ 2703.8 (-1.74%)

ALL NEGATIVE!!!! OH MY TIAN

must wake up early early tmr check again maybe DOW is <12,000

back to my sociology! concentrate!

SMRT out of STI??!!!

Oh dear i think it was a wrong idea to buy smrt at this time bcos it may be out of sti index by 21march. GLP replacing SMRT by 21 March.

I really hope that smrt raise to 1.94 so at least cover my remiser chargers and then go in again after the price stabalise.I tried to buy GLP which is going to replace SMRT in sti to hedge but the placing failed. I am going to try again tmr morning.

Morale of story and lesson to learn is, check out news before buying any shares. Its very important and check many times from all sources. HOW WAS I TO KNOW I SO SUAI.....today buy then offical news come out in the afternoon that SMRT will be out of STI by 21March ='((((((((((((((((((((( but the share price has been down from$2.05 that was why I was confident of buying.

my holdings in SMRT now
1.92*5000+ (1.92*5000*0.28%*2)

better cut loss and take a step back . i have placed a sell at 1.93
i guess my loss will be approx $4....
better this amount than $xxx right?
gotta check dows again at 8am, if its not as low i may change my sell to 1.94. then i may probably earn like $37 plus? not likely lah, the range was 1.92-1.93 today, by tmr smrt will have mass panic sell liao le...

below is the news that SMRT is out of STI. bloody %&$#
yahoo news was out at 3.13pm, but i bought SMRT at 11.25am. next time, i really must check google before buying anything damn it.
Normura had issued one the day before i think. But at that time was just a speculation but by today afternoon the news was kinda confirmed.
But i really looked at SMRT chart damn long liao then go in one
will put up a chart of it soon.
http://in.news.yahoo.com/glp-added-singapores-sti-mrch-21-replacing-smrt-20110310-014328-117.html

Bought SMRT

Ok today busy day sia. Early in the morning, at 9am i took train to raffles place mrt station went to the uob atm withdraw $2000 and then went to CIMB close account. Then they say have penalty of $50 if i were to close now within 6mths. Wth??!!So in the end didnt close lor. Then walked to ocbc withdraw $8000. Total i have $10k cash!!! scared ppl rob me sia

Then took train to cityhall station went to raffles city tower level 6 to start up my poems account with $10k wow! Haha. Hiong! Then went to buy 5lots of SMRT shares at 1.92 each. My first ever trade!!!! :)))

Ok now Singtel is 2.97!!! Cheap cheap! Waiting for it to go further down then perhaps i go and buy also haha!After buying my SMRT via my iPhone, went to sit at burger king waiting for 11am to come so i can buy the $1 burger! So auntie right haha. First few in line hehe. I think got at least 80 in line, because the queue so long become U shape haha.

Then i go walk walk raffles city saw that perlini silver having closing down sale. Only one design of earring left so i bought 4 pairs of the same kind. Was $12 but now is $3.40 each about 70% discount haha! Intend to give my friends as present but they never give box :( sian haha

Well my leg pain so i sat down and type all these. Now i am off to shop shop again!