Riding the Trend on CH20CHF
Bought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer.
Both TP at 1R. It isn't exactly 1R for me in terms of dollars(SGD), its more of like 1R = 28$ +- SGD, and it is fine.
1418SGT
21052024
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer.
Both TP at 1R. It isn't exactly 1R for me in terms of dollars(SGD), its more of like 1R = 28$ +- SGD, and it is fine.
1418SGT
21052024
I think I forgotten my roots, which is to be a agent to the big boys.
In this trade instance, I bought at the highs. Who knows what is considered as the top top.
Instead, I should be looking for 1st - Aha! Now I know! 2nd - Decline in demand, saturation of product in market. 3rd - News of new product launch eg. iPhone 20X Max, I wait for Initial investors to get their hands on the stocks first at a discounted price, and I join them, and then 5th - International release and Burst of demand leading to price increase.
But now, instead of that, I see whatever pullback, and I take it. I don't consider if I am buying old stocks which people are trying to do clearance sales for. I just thought that I got a discount, I buy and then I sell it later. Funnily enough, the market is oversaturated already with iPhone 19 XXX Max and people are awaiting for iPhone 20X Max release in August.
There, I became the biggest fool who caught the grenade on the last second.
0047SGT
22052024