Dear Friends,
A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into this region.
Posting a few days back:
http://www.danielloh.com/2018/06/sti-cheap-cheap-at-3300-3350.html
And last night, Donald Trump issue another threat on China saying he would implement 10% tariffs on US$200B worth of China Goods.
This scare the hell out of Asia market again.
Today Hang Seng has dropped 650 points, Nikkei 300 points, Shanghai Composite 90 points!
Ouch!
But wait a minute, Singapore STI is up by near to 10 points now!
What on earth is happening?
In Chinese, this is called, "一朵鲜花插在牛粪上 ”, meaning
"One flower stuck in a pile of Cow Dung".
In trading, we call this phenomenon "Resilience"
This is one of the most important concept when it comes to trading.
In a down market, i always study which stock index is still in the green.
In a sell down day, i always study which stock still is still strong.
In a lousy month, i always study which sector has a positive month.
This is the stock index, the sector or the stock that is more resilient than the others.
When market recovers, they will run faster!
I always say in investment "Don't worry about a Down Day!" "Down days are what differentiate the Warriors from Cowards!"
Rgds
Daniel Loh
A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into this region.
Posting a few days back:
http://www.danielloh.com/2018/06/sti-cheap-cheap-at-3300-3350.html
And last night, Donald Trump issue another threat on China saying he would implement 10% tariffs on US$200B worth of China Goods.
This scare the hell out of Asia market again.
Today Hang Seng has dropped 650 points, Nikkei 300 points, Shanghai Composite 90 points!
Ouch!
But wait a minute, Singapore STI is up by near to 10 points now!
What on earth is happening?
In Chinese, this is called, "一朵鲜花插在牛粪上 ”, meaning
"One flower stuck in a pile of Cow Dung".
In trading, we call this phenomenon "Resilience"
This is one of the most important concept when it comes to trading.
In a down market, i always study which stock index is still in the green.
In a sell down day, i always study which stock still is still strong.
In a lousy month, i always study which sector has a positive month.
This is the stock index, the sector or the stock that is more resilient than the others.
When market recovers, they will run faster!
I always say in investment "Don't worry about a Down Day!" "Down days are what differentiate the Warriors from Cowards!"
Rgds
Daniel Loh
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"To achieve Financial Freedom, Be Financially Educated" - Daniel Loh
