Day 3....

Nothing much to add on day 3 as I did not make any new trades, merely waiting on the market to turn favourable.

As you probably know by now the markets did well on 23rd July. All sectors in SGX gone uptrend and HSBC is doing well. I'm less familiar with HKSE so, it was a risk I took.

Choosing a stock.... It's an important and yet difficult decisions. There's simply too many things to consider. Do you use fundamental or technical analysis? Well, personally I think if planning for a long position, screen the market for the fundamentally sound stock. Then back the decision by checking the charts for momentum and any signals of buying.

For short position, I believe in constant monitoring of charts. I've yet to make a short position so, not much to add to this.

Regardless, getting ahead of the market reactions is crucial. Being in Singapore, the first thing I do in the morning is to check on news at Dow Jones. To a certain extend, the markets in the world is dependent on each other. Some issues can make the anxious market react dramatically. Guess this is part of the psychological side of tradings.

Last thing to keep in mind, read only 'neutral' news. Note the difference between news and analysis. News is fact for people to interpret, analysise and put into context while analysis is the product of other people's research who may or may not be bias.