Hi,

Hope that the first trade alert brings a wonderful ang pow to you. Nothing better than starting a New Year on the profitable side.  I will be honest with you: As this is the first trade alert, I employed a lot of HA (Hope Analysis) on this trade as I wanted to start off on a profitable side. I have not had a restless sleep in a long time. Whew, at least it went the direction it projected. Will I get it wrong? Definitely will sooner or later. Remember that I am not 100% but as long as the profitable trade can cover the unprofitable trade, then it is good enough, right? Therefore, please please never show hand as I will never know when it will be a wrong trade and I always watch my cut loss level.

Now, for those that entered the trade, what can you do now?

1. Take all profits – It is never wrong to take profits as profits in the pocket is always safer than leaving it out in the market. Once you make this decision, you must not regret if it goes any higher and be contented.
2. Take half and leave half at breakeven – That means you will never lose this trade and always be on the profitable side.
3. Did not take profit but move your stop to breakeven – That means either you make a lot more if it goes higher or it will be a no trade (no profit, but also no loss) if it hits your stops. Either way, this will never be a losing trade.
4. Did not take profit but move your stop to higher level – That means either you make a lot more if it goes higher or it will be less profit if it hits. Also there is a possibility of whipsaw depending on how high you move your trailing stop.
5. Did not take profit but maintain your stop loss as mentioned – That means you are going to gamble to make as much as you can and will accept the loss if it does happen. The psychology on why you still maintain the stop at the low level is just in case there is a whipsaw before going even more higher.

Which one you pick above depends on your own risk. There is no wrong or right, as only you can understand your own risk. What is right for a person may not necessary be right for you. As long as you make the choice, just don’t regret it.

As this is the first trade alert that went out, I also learn a few things. I have to be clearer that

1. to announce that this alert is based on daily candle.
2. How long is the alert valid for.

Will I have another alert tomorrow? Definitely not as I do not like to chase and I do my best to send good alerts, not send an alert for the sake of sending it. Maybe the next alert would be around Jan 9 or 10th. Why? Because my Aunty Merkel and Uncle Sarkozy are having a rendezvous on the 9th, ke ke ke.

P/S: By the way, I am not interested to be right. I am more interested to make money out from the market most of the time. Therefore, please don’t bother to send me hate mail stating that I am wrong because if I am wrong, I will always have cut loss. And I will cut. I got several hate mails, similar to the ones that I received for Noble Grp previously. I just can’t please everyone.