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I like to trade Olam

April 27th, 2012

 

While waiting for the market to clear its vision, don’t know want to dive or want to fly, there is still kachang puteh money to make from trading some stocks in a range.

Olam is currently trading in the range of 2.28 and 2.38. Put in the Stop loss at 2.18 in order not to get yourself into depression. The stock itself is trending too, so it’s either break up or break down.  There is no proof that every trade is a winner.

It’s ‘chiam tan’ (small profit) and hard-earned too.  You have to ‘geng’ (figure out) when to buy in and how much you want to make, how many days you want to hold.  At times, you walk in and walk out within the day. You have to check the sentiment of the day too. You need at least 10 lots to make the  kachang puteh with a commission rate of 0.18% is more ideal.

After you have tasted the ‘fruit’, walk away.  Wait for the next ‘bud’ (the low) to appear.  Probably, can play  2 or 3 times in a month.

Cut Loss is one of the criteria you must set.

 

 

Don’t confuse a correction with a bear market.

Lobang Queen, Smart Money ,