Market moving sideline, stay sideline if possible till you see a clear indication again. Well, what we always say about Global Direction but didn't follow??
Well, what I have done during the past few days?? I have made a call on Seroja and Straits Asia to be the potential one. Though didn't get Seroja but I got Straits Asia at the price of 2.13 but it didn't move uptrend further as per said. It hovers between 2.11 - 2.15 before global direction force the price to go dip further down.
In this type of scenario, what will you do? For me, I cut loss at 2.09 in order not to fight with the market directions and always can get back later when the opportunities arise. As I mentioned, Global news indicators are still playing a part of the role in TA though the TA says that the opposite way which what I call "noise".
And...I will wait sideline till the coast is clear , one thing is ..anything goes down will go up again (Newton's Law). And I don't hold any stocks as I always said, I only play short term, the only stock I am holding for long term is Capital Mall for it's stability and dividend.
Hope you understand this type of scenario.
Thanks,
Star-Trader
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