30th March 2012 – When your friend betray you… Run!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	1.50				Profit	5 days

 

Reason for Buy / Sell / Short / Cover:

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. Did not realize that the quarter earning announcement is coming.

2. Great that I have moved the stop loss up to $1.50.

3. Stop loss triggered on opening. This case have shown how important stop loss is.
4. This case also shows that if you have a good entry point, it is much easier to rescue yourself from unexpected situation.
5. Looking at the weekly chart pattern, it is definitely the chart patter that you might be looking and waiting for. However, things can turn sour in minutes.

 

Intraday Chart

Historical Chart

25th March 2012 – Looking for friends? Try FFN!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
1.40				1.26

 

Reason for Buy / Sell / Short / Cover:

 

1. Monthly chart shows that price seems to stable down at $1.40.
2. Monthly chart seems to display a cup with handle pattern.

3. Intraday chart also indicating that consolidation is been built at $1.40.

 

Lesson Learnt:

 

1. I am taking the proactive approach where I am not waiting for the price to come up from the handle first. This can be lethal.
2. High volume at the cup is quite encouraging.
3. Volume has been low and getting lower at the downturn of the handle side.
4. Daily chart shows that the price of handle has dropped back exactly 61.8% which is normally the price range where buyers come back in to scoop up bargains.

 

Intraday Chart

Historical Chart

15th March 2012 – Pattern Study – I found 2 China Bowl with some kind of Handle!

Ticker:

 

1. RENN, FFN

 

Topic:

 

1. I found two China Bowl with some kind of Handle.

 

Lesson Learnt:

 

1. Is this the kind of bowl and handle that we would like to see and get into?

2. I think it is worthwhile to watch the reaction of the handle.

 

Intraday Chart

-NA-

Historical Chart

29th Aug 2011–Getting your ex back from Friend Finder Network.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
2.90				2.65

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Intraday 20MA and 50MA lines start to converge and price start to hang on to 20MA lines.
2. Daily chart shows that it is going to come out of the triangle formation -- upwards.
3. Daily MACD looks like just coming up from the central line.
4. Weekly chart shows that the down trend seems to turn. Looks like bottom is there.

 

Lesson Learnt:

 

1. Patient is important to wait for the right price. I was right for not getting into it during the result announcement.

 

Intraday Chart

Historical Chart

3rd Aug 2011–Gathering with my old partner in Friend Finder Network

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
4.10				3.78

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. It punched through upward the intraday downtrend line and the 20MA line.

 

Lesson Learnt:

 

1. My entry point again sucks. Again, I cannot resist to wait until 12:00am.
2. I should have waited for all the debt ceiling issue to be cleared before this entry.
3. Market was very bearish, I should have waited.

 

Intraday Chart

Historical Chart

26th July 2011–STUPID ME ! STUPID ME !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	$4.40				losses	7 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. STUPID PANIC !!!
2. Obama cannot get the House to agree on the debt ceiling plan. Future dropped > 100 points.
3. I am holding a few stock and this on is at negative range.

 

Lesson Learnt:

 

1. Why I always tend to sell at PANIC.
2. Market was very bearish, future drops > 100 points before market because Obama cannot get the house to settle on the hike of debt margin.
3. I was holding a few stocks and this one is at negative range, as a result I am worry that I might not have enough time to get rid of stock if market crashing down.
4. SECOND MISTAKE! I did not get back in to this stock when it turn.
5. STUPID ME! STUPID people like me deserve to be poor.

 

Intraday Chart

Historical Chart

20th July 2011–I found a partner in Friend Finder Network.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
4.50				4.25

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Intraday chart shows that it has started its uptrend.
2. Daily chart shows that it has rebound very well from its 20MA line.
3. Both daily and long term weekly charts look really good and in a very positive trend.

 

Lesson Learnt:

 

1. Actually the best buy point is at the daily 20MA line when it touches it.

 

Intraday Chart

Historical Chart