Once again, we saw how the big boys U-turn the market. So this time round, who was this big boy? If you do not who were they, refer to my 26-June posted, read the last paragraph.
(http://achua138.blogspot.sg/2016/06/brexit-panic-wiped-2-trillions-off.html)
Just look at the past few years, how and when fund came in to the markets. How markets had been supported. So this time, once again we witness "whenever you feel/think that the market 完蛋了, the hope and greed return".
And once again, you experience this thing called "trade what you see and not what you think". Plus another important lesson - do not listen to others. During the day of Brexit, at about 3pm after Europe market I received 2 messages from 2 of the well known remisers (they called themselves as trader and retailors called them as experts) warning me/his clients " to reduce our on hand stocks" and "Brexit, STI could tumble to...." respectively.
For those who has been supporting my blog, reading my posts, hopefully with so many rounds of up and down, you and me, learned the above 4 points that I kept highlighting - big boys movement, how hope and greed return, trade what you see and do not listen to others.
The country that people think going to have lots of problems has the strongest rebound. UK100, not only rebounded but also broke the 6400 resistant. The rest of the markets either at the resistant level or close to their resistant point when Friday closed.
Past 5 days, the volume was rather thin. Politician has made the first moved. Now is about time for the professional traders to make their move. These people will definitely want to make back what they have loss. I know a lot of the experts/analysts have changed their perspective in looking at the Brexit from bear to bull. I received and saw numerous of called from these people starting late last Thursday, is time to buy, there are still room for STI,.........
They may be right. I don't know. Remember what we learned. Trade what......and don't............ Next time when you received such called from these experts, ask them these questions - where is my stop loss, what is my P&L ratio?
Trade what you see. Do not listen to others. Do my own homework. Markets has gone up straight 4 to 5 days. For a positive market, at most it go up another few more days and it should follow with a sound retracement / pull back. On the other hand, if it shoot up like no body business, you better be worry. Anyway, is about time for the professional big boys to perform.
(http://achua138.blogspot.sg/2016/06/brexit-panic-wiped-2-trillions-off.html)
Just look at the past few years, how and when fund came in to the markets. How markets had been supported. So this time, once again we witness "whenever you feel/think that the market 完蛋了, the hope and greed return".
And once again, you experience this thing called "trade what you see and not what you think". Plus another important lesson - do not listen to others. During the day of Brexit, at about 3pm after Europe market I received 2 messages from 2 of the well known remisers (they called themselves as trader and retailors called them as experts) warning me/his clients " to reduce our on hand stocks" and "Brexit, STI could tumble to...." respectively.
For those who has been supporting my blog, reading my posts, hopefully with so many rounds of up and down, you and me, learned the above 4 points that I kept highlighting - big boys movement, how hope and greed return, trade what you see and do not listen to others.
The country that people think going to have lots of problems has the strongest rebound. UK100, not only rebounded but also broke the 6400 resistant. The rest of the markets either at the resistant level or close to their resistant point when Friday closed.
They may be right. I don't know. Remember what we learned. Trade what......and don't............ Next time when you received such called from these experts, ask them these questions - where is my stop loss, what is my P&L ratio?
Trade what you see. Do not listen to others. Do my own homework. Markets has gone up straight 4 to 5 days. For a positive market, at most it go up another few more days and it should follow with a sound retracement / pull back. On the other hand, if it shoot up like no body business, you better be worry. Anyway, is about time for the professional big boys to perform.
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