***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: Jul 14, 2005

Thursday, July 14, 2005

4.30 pm - FKLI hit high 924.5 - Raise trailing stop.

Rgds,

-Martin Wong-

Weekly KLCI median range - 14.5 pts

Looking back to FKLI statistics table, the weekly median is 14.5 pts. The
week open (Mon) with 903 and it now 921 (3.20 pm). It is +3.5 pts - a figure
well above its median (right side of bell curve).

The monthly median range is 42.5 pts i.e. well above the current 18 pts
(921-903). Meaning, it has 24.5 more pts to go.

Interesting stats to know but do not let it carry away your greed.

Trail your stop.

Rgds,

-Martin Wong-

FKLI hit High 922 - Trail stops higher

For each time, FKLI hit high, I trail the stop higher.

Fire ! Trade #8 long FKLI position @ 918.5

Call the broker at 8.46 am to park my buy stop @918.5. I believe if you can park with the broker earlier, you do not get slippage that often.

Again, I do not know where and how high the mkt is going to go.

Just stay with the trend.

Rgds,

-Martin Wong-

Trail my stop higher for Trade #7 this morning.

Rgds,

-Martin Wong-