Amazing day on the market again. We once again saw huge rises on Golden Agri. My broker notified me about GA yesterday when it spiked up to $1.88, but I was so caught up with other stuff that I didn't pay attention. Anyhow this just goes to show you that you need to do more reading and NOT focus on only a few stocks. The chart for GA is Beeautiful! Pity I didn't see it earlier.
You just have to take a good and positive attitude to this sort of thing- otherwise you'll just go nuts. Honestly, if I had bought GA at $1.88. I'd most likely have sold it at $1.99.
On another note China Sun... Jeez... I bought it three weeks at 54.5 cents when it shot up. I thought it'd break thru past 60 - easy money; its usually done that before and hit that resistance line. So buy at 54.5 and plan to sell at 59+... easy money yeah?
But it came back to 53, I kept and didn't issue a stop loss due to the support floor at 53. I got out a few days ago at 55 cents due to the heavy level of selling & international concerns, and after it failed to breach 56 for a second time. Today, I was talking about it with SP, my friend, this morning when it spiked to 57. It looked good. Unfortunately, I already committed myself to Chartered (1.45) and Synear (2.01). Still holding onto big positions with Aztec and Sunvic (which I purchased in Jan/Feb). Bought Unionmet today at 65.5.
You can't be in too many places at once.
I feel a bit silly for getting out of Ausgroup too two weeks ago. Got in at 61 - sold at 65. The chart looked great. But I was worried about the Middle East crisis/Iran. And took profits. Oh well, share trading - its a great game, just remember that you could be on the menu next if you don't watch out.