It’s been 10month since my last post. Finally I have graduated
from my degree in finance. However the passion to enhance my financial
knowledge does not stop here. I have registered myself for the next Chartered
Financial Analyst (CFA) Level 1 examination in 2016. Although to be a TA trader
does not require having CFA certificate, I still wish to expose myself in this
enormous finance world.
To be a TA trader, strict discipline must always be the
number 1 rule. You got to be true to yourself in your performance. I see the
different in my P&L with and without posting my trading journal in my blog.
To be frank, I am not doing well compare to last year. Either I’m lack of
discipline or the weak market sentiment caused it.
By now, most investors/traders should know that we are
facing a weak/bearish market sentiment in the world exchange. Trader face no
issue as their time frame is rather short compare to investor. For investor out
there, some investor eying to offload their portfolio to prevent further
bleeding while the rest will like to catch the bottom fish. (Example blue chip
or REITs to earn dividend)
Investors who use discount model factor to calculate the intrinsic
value of a company should be wary of the US interest rate hike in year 2015 confirmed
by yellen last week. The increase of the interest rate will definitely erode the
profit of the company balance sheet. Long term investors might like to stay put
in the equity market and go for other product.
In my opinion, base on the DJI chart below, I feel that
there might be another bear wave approaching the US exchange. I am eying to
short on the rebound in the coming week and long once it reach near 15k with an
entry candle signal.
You are remind to trade base on your own risk. Plan and Trade well :)
