Hi guys, just want to give you some interesting read on a Japanese day trader called CIS, whose stryr featured in Bllomberg news a while back:
http://www.bloomberg.com/news/2014-09-25/m...ion-trades.html
Points to note:
1) Fundamentals is useless in short term intra-day trading.
2) He monitors top 300 most traded stocks...
3) He said 'buy when people are buying and sell when people are selling'...
4) Hes an obvious momentum trader...means he monitor if theres a sudden big volume of bidding or selling price coming...he follows the big money when it enters and when it goes out.
5) Let his winner rides and cut his losers fast.
6) Complicated technical analysis or fundamentals waste your time in analyzing and executing....he prefers the numbers on the market to tell the story and re3acts within seconds....
Im a noob in stock market so pls spare me from any bad bashing uncle gark or pink spider gor...
Traders Kopitiam! V6
Dec 6 2014, 08:49 PM
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