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Tuesday, August 22, 2006

Advance SCT

Listed since 24 November 2004 on SGX Sesdaq, Advance SCT Limited provides Printed Circuit Board (PCB) services such as PCB testing, distribution and rental of PCB-related equipment.

Technically, from rsi's trend channels, there may yet be more uptrend for Advance SCT before retracing. Support at .405/.37/.33.

Many times, i was asked by people whether they should enter a position for a particular stock. There is really no certain answer for that, cause u have to know why u notice the stock in the first place. Heard from research report? Broker's call? Tips from your broker? Or from a friend who work in that particular listed company? Or you just happen to notice a nice chart formation yourself. Frankly, i would go for a combination of the above factors BUT with a heavier weight on the chart formation part. Next u have to ask yourself what is your timeframe of trading that stock? Buying it for contra? Can u wait for one month with little movement in the price? When u have the answers for the above, the next crucial part is to ask yourself: How much rise in the price will i be satisfied to take profit on? And equally important: How much drop in the price can i endure before cutting it short? When you have the answers of these questions, frankly u can go ahead and trade the stock. There is none other in the whole world u can trust but your very self. Trust your instincts. Others judgement may not necessarily be better. And most importantly, take responsibility on your own actions. This way, you would have little regrets/fears/guilts in trading or not trading a particular stock. Take care of your mental processes and the profitable trades will take care of itself. Gd luck!


1 comment:

TopTrader said...

This counter has been cornered like Luzhou before, remeber?