Recent content by mintywang

Hey guys, What support/resistance indicators you think are best for swing trading (buy n sell within a few days)? I draw my support/resistance lines manually by visually looking at the chart and identifying horizontal levels of S/R and as well as any trendlines. But as we know, the eye only...

Like i said, it doesn't make sense to do long in defensive stocks to me and neither does the buy&hold strategy makes sense either which is why it baffles me why people would recommend buying defensive stocks when the market is tanking. U're highly likely to be losing money despite the dividends...

Hi NVP, As a swing trader, I was looking to see what sectors i could still trade on the long side if the general market is undergoing a correction/bear. From what i read, many are saying buy stocks in defensive sectors when the market is tanking so I was thinking if I could look for long...

Thanks dude. Appreciate the reply :thumbsup:

After posting this question, came across this article Don't Fall For False Security Of 'Defensive' Stocks - Forbes that convinces me that those defensive strategies don't work at all unless market is in a minor correction but one wouldn't be able to tell if it is a correction or a bear market...

Hi guys, It has been recommended in several articles/websites i come across that when the market is oversold/into correction/bear conditions, we should be adopting defensive strategies and many of which recommend buying defensive sectors such as utilities, consumer staples etc. But when...

Hi guys, I''m trying to get a list of common stocks (i.e. no ETFs, mutual funds, ADRs, REITs etc.. that distorts the true picture of the equities market) and that list should be pretty representative of the health of the market as I'm trying to come up with my own market breadth. Yea, I know...

Hi Tim, Yea, good points there I definitely agree with you. Hope I can find my balance and what suits me best soon! Thanks very much for the invaluable advice. :> MW

Hi NVP, No man, that was v. good stuff you mentioned. I'm into stocks for now as that was what i started off cos i think the rules to the game are relatively more straightforward than other instruments although stocks may require more research and work because as u mention, needing to find out...

Hi Tim, Now i understand how hving a margin acct helps. But i don't like the concept of so-called using money that doesn''t belong to me. Because as you said, while it allows me to trade more at any point in time than an unmargin acct, loses can be substantial in a black swan event. Thanks for...

Hi Guys, A newbie here, just got involved trading a few mths back n trying to understand money management - Got a question regarding implementing the 2% rule when holding onto several trades. From what i read on the 2% risk rule, if my entire account is 10K, then my risk amount would be 200. So...