Chart patterns. Many people on this forum trade various patterns - Cup and Handle, Double Bottom, Head and Shoulders etc. But do you know the basis for such pattern to succeed? It is not as easy as spotting the pattern and thinking that a break up or down would be the way to play such patterns profitably. Why do some patterns succeed while other similar patterns fail? The key lies in interpreting…

A lot of the posts here focuses on stock picks, what to buy, when to buy etc. There is very little written about when to sell and so I thought I share some of my experience here. I am not talking about short selling but rather the factors I consider when I should be exiting a long trade. Here are my considerations in terms of priority 1. When stock hits my predetermined stop loss I sell without…

Those of you who use cylinder gas in your kitchen should be familiar with the company Union Gas Holdings Limited (SGX:1F2), as chances are the LPG (Liquified Petroleum Gas) tank at your home is from them (the LPG tank in my previous home is from Union as well) – in case you’re not aware, Union Gas Holdings currently have the largest delivery fleet with over 200 vehicles. Apart from serving…

@Rakuten_Trade Daily Market Report - Sideways trading to continue US equities closed higher across the board with the S&P 500 setting a record finish as investors brushed aside the latest evidence of accelerating inflation. Health care and technology companies were among the biggest gainers.  The DJIA and Nasdaq gained 19.1 points 108.58 points to end at 34.466.24 and 14,020.33 respectively.  …