Thursday, December 8, 2016

Parkson Retail - Intraday 1000 lots, Sold 0.137 Day High






Saw Parkson retail yesterday last minute after it ran up and told myself that today I will watch this counter diligently so that I have a chance to enter. Started to accumulate the stocks since morning till noon and got in 1000 lots at average price of 0.1315. I also posted what I saw in Parkson in my private forum so that for those students who learnt from me, they know how to see collections, flushes, etc themselves. From the way how the BBs collect the scripts to slowly absorbing more shares, it was all detailed in the chart.




Parkson then flew to a high of 0.137 where I unloaded 500 lots there and another 500 at a lower price. Overall it's a good intraday trade of $4000+ where simple observation makes $. It's currently trading at 0.133/0.134 now after I unloaded!! Looking forward for the next stock. Join me next Tuesday to learn more about stocks.

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Ronald K - Market Psychologist - A Stock Market Opportunist

CNMC Goldmine - 300 Lots, $4000 Profits






Finished another CNMC Goldmine trade. The stock broke out today which could mean that the market might be coming down for the time being. Long on Tuesday and since today it broke out today, it would be wise to sell and take profits. The stock is still bullish in my opinion and looking for the next turning point for the next entry. :)

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Ronald K - Market Psychologist - A Stock Market Opportunist

Nico Steel^ - 1000 lots at 0.021





Nico Steel broke out today with high volume. I was wondering if the big boys is in and indeed I believe they are. Shouldn't have chased but itchy fingers and still commit the mistake of chasing. The stock is now trading at 0.022/0.023 which I also believe there were some support for the stock. As for whether will it trend higher, I will need to monitor closely until the trend breaks. The penny season might be here. Watch closely.

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Ronald K - Market Psychologist - A Stock Market Opportunist

Penny Stocks - Penny Season?




A lot of penny stocks started to run last minute near closing yesterday. It seemed as though many of them had a nice breakout and because the Dow was up +297 points last evening, many stocks gap up and many used the opportunity to lock in $. However some stocks still perform will others took a breather. 2 -3 hours later from now will be a wiser choice to check back these penny stocks again. It could be a penny season in the making.

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Ronald K - Market Psychologist - A Stock Market Opportunist

Wednesday, December 7, 2016

Del Monte - Small Profits Secured



Secured Del Monte at 0.355 which is not bad after seeing today it tanked to a low of 0.335. Long last week at 0.345 where the breakout happened. The breakout could not sustained at the high at 0.365 and then started to break down today. Made a mere $800 only but it's better than letting it drop and cutting loss now.

http://stockmarketmindgames.blogspot.sg/2016/11/del-monte-pac-100-lots-0345.html

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Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Burst of Strength, Hot Stock





Acromec had a sudden burst of strength where there were willing buyers to absorb the stock at 0.52 which I am very alert of. The stock had run up almost 13% today where ti reached a high of 0.54 now and there seemed to have no sellers. When there is no sellers willing to let go, it means buyers are strong. But when the sellers emerged, one has to see how much sellers were there before deciding if the stock can run up further. The demand is strong now, I haven't seen supply, so let's wait and see if any later or tomorrow.

http://stockmarketmindgames.blogspot.sg/2016/12/acromec-hot-stock-alert.html

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Ronald K - Market Psychologist - A Stock Market Opportunist

Acromec - Hot Stock Alert





Acromec just kept rising on some acquisition news. However there was one detrimental day whihc was Oct 31st where the company reported some profit guidance and the stock dropped a heavy 29% in one single day! As of now, Acromec is reaching that supply zone where the heavy dropped first happened which I believe sellers and stale bulls who bought up there are looking to cut loss/take profits and hence I am staying out.

The chart has heavy profit taking back in the September period, combined with that lack of buyers thereafter, it's only wise a drop would happen. At the bottom, the COB with the weak selling combined with that small mini collections in the minute chart as attached above, the stock was then on the rise. This was a good stock to trade and one should look for the next opportunity. Will share more on my workshop next week when I reveal more of such opportunities in the market.

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Update 7/12/2016, 12.27pm



Acromec shot up further with 3 more pips to a high of 0.525. More importantly, after my initial blog post above, the stock appeared in the Top Volume now!

Ronald K - Market Psychologist - A Stock Market Opportunist

Top Volume Stocks - Fake Brekaout


The market seemed to be a fake breakout today. Many stocks broke out and then now all simmering. The STI had reached a supply zone with sellers while the oil related stocks are plunging together with oil. The penny stocks are breaking out and then followed by sellers. All in all, a tough day. I have made some small $ earlier in the morning. Taking a short break first.

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Ronald K - Market Psychologist - A Stock Market Opportunist

LIVE Workshop Sharing by Ronald K - Last for The Year




I enjoyed giving a free sharing workshop last evening. I shared how operators work particularly if they want a stock to move, how they conduct a flush an followed by slowly absorbing the supply for accumulation for the next wave up. I also shared the importance of scanning the right counters and searching for the next good stock for trading. Overall this past year, I just enjoyed sharing and giving out some of my trade secrets. I will be conducting my final workshop for the year next Tuesday. After that, I will conduct the January course and focus more on trading. If you are interested to chat with me, learn some of my trading methods, register for the last and final workshop for the year.

Eventbrite - Last FREE Sharing workshop. Register now

Ronald K - Market Psychologist - A Stock Market Opportunist

Tuesday, December 6, 2016

Mermaid Maritime - A Tough Up Wave




The share price of Mermaid had been climbing since the morning. However by studying the minute chart, the signs for entry were so vague that I can't force myself to click the buy button. The minute chart was also beautiful setup with 3 horizontal lines drew which act as the supply zone. However, even so, the buyers were still supporting and buying on the up wave but I would stay out of this counter temporarily for now as there are better choices like Sembcorp and Keppel corp. When trading, select something that is easily readable which makes it lesser prone to error.

Update 6/12/2016, 5:09pm



In the end, Mermaid encountered sellers and started to sell down towards closing. The supply zone drawn was correct as now the late buyers who buys on breakout are mostly panic.

Ronald K - Market Psychologist - A Stock Market Opportunist