Never say never

I've learnt to not say never because it seems the more I say never I end up doing it or it ends up happening. It's like the law of attraction...of sorts...the more certain you are about a certain thing..you attract it to you and ta da before you know it, it has occurred! 

I saw some dips in REITS which I sold off and now it's at a price level which seems more palatable so I bought some lots two days ago and will look to buy more if the price is right. For the rest of my current SG stocks holdings, they are recovering but I'm not inclined to increase my holdings to average down or whatever you would like to call it. I'm still looking to dispose of them once the price is right which is like taking forever!

I'm beginning to favour just holding a few REITS which I'm familiar with for my SG holdings. Most of my time has been spent on trading as my trading strategy seems to be a mish mash of multiple styles and timelines which so far has been working out well for me most of the time. I'm exploring whether I'm to lock it down or delve deeper into one strategy or to continue with what I'm doing with some refinement.

My instinct is to refine what I'm currently doing which is a mixture of multiple trading strategies as it's something I'm familiar with and to good results most of the time. So far I've identified my style to be a mix of reversal, momentum and breakout trading with timelines of a day or more. I've yet to day trade but it is something I'm looking forward to doing in the end as it appeals to me in the sense that my work is done for the day and I can start a new day with no baggage.

This year shall be dedicated to trading and trading well. My aim is to report good results come Christmas this year! Huat ah! 

Comments

  1. Joyce,

    Try it!

    There are 2 kinds of intraday trades:

    1) The unplanned kind (me, me, me!) - It started as a swing or position trade but got stopped-out intraday ;)


    2) Then there's the real intraday traders where they place 20-50 trades intraday.



    One of the hardest time frame to make money is intraday - but don't let anyone talk you out of it unless you've tried it yourself!

    Many years ago I tried it. Took 2 weeks leave and traded at the PEOMS arcade at Raffles Place with all the other uncles. Most "chased" the top 30 volumes stocks of the day...

    ReplyDelete
    Replies
    1. Hi SMOL,

      Yes so far I've no guts and time to trade intraday yet. However you are right, I should try it and find out for myself how it's like!

      Delete

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