I have transacted more than 30 times last month, the highest in my history.
It all started with MISC, when it dropped 13% per day despite a good quarter report. I
saw an opportunity coming the next day of the plunge: a chance of
rebound. MISC has fundamentals. The daily chart is out of BB lower
band. These two features satisfy my rules to catch a rebound. The
feeling of securing a return of 20% intraday is so good.
For a long time I have not earned like this in a single day. My next unconscious reaction is to continue speculation. I
started to buy in stocks without even looking at the fundamentals and
technical chart. KANGER and LSTEEL, just to name a few. I did not have
solid grounds like I bought MISC call warrants. I just thought that luck
will be on my side, and I can continue winning just like that. But once
again, how unbelievably, I vomit out all earnings.
Only then I realised that the more I trade, the more I lose.
Only then I realised that winning is the beginning of losing.
Only then I realised that my thought of playing stocks has ended up getting played by stocks.
After
all, my best strategy is to hold for a few months. In the mean time,
wait patiently for any opportunity of "fast money". If this kind of
opportunity comes every week or fortnight, it is probably good enough to generate a considerable extra income.
http://chonghe-investment.blogspot.my/2016/06/the-consequence-of-stock-market.html
