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Articles by David S.Y. Wong

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By David S.Y. WongFeb 10, 20091 topic

Stock Trading Discipline

There are some general “rules” that I try to apply to my trading discipline. These tips have been established through my personal trading experience. If I can ever apply these without emotion and without exception, I may well proceed to even more successful trading. Well, perhaps I can’t conquer the emotion part as there will always be some level of fear, however, I should turn my tips into rules and apply them stringently without exception. A little fear is

Primary topic: Stock Trading

1,823 views

By David S.Y. WongMar 16, 20091 topic

Paper Trading vs Real Trading

With nothing at stake, you can show that you are able to succeed in paper trading because the psychological element is largely held in check. Whatever trend following method and technical analysis indicators you are using, you are able to apply that without emotion. To the best of your preparation, you make a decision to enter a position. When you see your position is at a loss and is on the wrong side of the trend, you close the position. There is none of the psychological g

Primary topic: Stock Trading

1,630 views

By David S.Y. WongFeb 21, 20091 topic

Recognizing and Interpreting Candlestick Patterns

Feb 21, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnThere are many candlestick patterns in the full spectrum of the Japanese candlesticks literature. It has been written that there are only about a dozen candlestick patterns that a trader has to learn about in terms recognizing and interpreting candlesticks and how to apply that analysis to make trading decisions. I agree with that assessment given the need for the human to do the recognition and interpret

Primary topic: Stock Trading

1,559 views

By David S.Y. WongFeb 25, 20091 topic

A Trend Following Method to Guide Your Stock Trading Buy-sell Decisions

Jan 27, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnHow can the stock trader capitalize on the movement of stocks to gain trading profits? Getting the right reading on the direction of the stock is obviously very important. Determining the entry point (when to buy) and the exit point (when to sell) are equally important in addition to challenging. Related to the entry/exit points, the question of how long a stock should be held is also an important decisio

Primary topic: Stock Trading

1,315 views

By David S.Y. WongFeb 22, 20091 topic

Trading Success with Candlestick Technical Analysis

Feb 22, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnThere are many candlestick patterns in the entire spectrum of the Japanese candlesticks literature in print and on the Internet. It is an enormous task to learn to recognize the candlestick patterns and to interpret the candlestick signals to translate into trading decisions. It is a time-consuming task, or a distraction in the very least, to determine candlestick patterns and to interpret the candlestick

Primary topic: Stock Trading

1,194 views

By David S.Y. WongFeb 25, 20091 topic

Rule of Thumb on How Much Loss to Take

Feb 22, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnI was presented with the following question from a visitor to my site.nnâI like to trade the overall market (QQQQ). Is there a rule of thumb on how much loss to take before I sell a losing position? I'm always scared if I pull the trigger and bite the bullet, as soon as I get out, the market will rally but if I don't, I'll sit on it until I have lost a few thousand dollars. It's frustrating at times.â

Primary topic: Stock Trading

1,148 views

By David S.Y. WongMar 8, 20091 topic

Seeking Penny Stock Picks, Finding Amusing Material

Sometimes, when I get tired with trading, I think about an easier way. Although I should know better that there is no magic formula for instant success (riches), I canât help myself browsing the web for ideas. It is always good to keep an open mind and refresh it with different approaches and ideas.nnI was thinking about penny stocks again, and why there is such an appeal. With the amount of information and offerings on penny stocks, I have to assume there is a big followin

Primary topic: Stock Trading

1,121 views

By David S.Y. WongFeb 26, 20091 topic

Applicability of Stock Market Products and Services

Do you ever wonder about the trust worthiness of stock market information you read on the Internet? Do you wonder about the qualifications of the company, web site or people providing gratuitous advice on stocks? Do you wonder what their motives are? In basic terms, do you wonder about the integrity and quality of the information and offerings?nnAnd then there is this other side of friends, co-workers and family members espousing the virtues of a company, its stock, and in ge

Primary topic: Stock Trading

1,013 views

By David S.Y. WongFeb 26, 20091 topic

Trading with a Trend Following System

Feb 22, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnA person is learning about stock market trading and using a virtual stock exchange program called Stock Trak. She is excited about having the opportunity to take a $1300 profit on THI (Tim Hortons, Inc. listed on the TSX and NYSE). She asks me if she should sell. I looked up the reasons for why THI had taken a pop on February 20, 2009. As it turns out, it was the marketâs reaction to the earnings announ

Primary topic: Stock Trading

1,011 views

By David S.Y. WongMar 27, 20091 topic

Ranting on Stock Market Day Trading (March/2009)

With the month of March largely over, I want to describe my trading progression for the month. Near the beginning of the month, I read professional analysts saying it was time to sell as the market bottom has not been reached, with plenty of signs for continued stock market downturn. From an economic standpoint, some of that analysis had substance. From the candlestick technical analysis standpoint, I saw signs of a trend reversal. After all, the trend line is the life-line o

Primary topic: Stock Trading

993 views

By David S.Y. WongFeb 26, 20091 topic

What Do Candlestick Patterns Indicate?

Feb 21, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnThe Japanese candlestick, hereafter simply referred to as candlestick or candle, conveys the open, high, low, close price points for the period in question. For the sake of this article, letâs consider the daily period (using end of day historical data) which is suitable for active and short-term traders.nnCandlestick patterns can embrace 1, 2, 3 or even more days. Examples of 1-day candlestick patterns

Primary topic: Stock Trading

920 views

By David S.Y. WongFeb 14, 20091 topic

React to Technical Analysis Indicators to Trade the Rise and Drop in Stock Prices

There are trading strategies where a time horizon is established and a profit target is set. The analysis, both fundamental and technical, will indicate the right conditions and the recommendation will proceed to tell you that it is a good investment with a stated profit target expectation. If this sounds familiar, you may have read similar stock trading reports as I have.nnIf that kind of trading strategy is not working for you or you are looking for higher profits, an alter

Primary topic: Stock Trading

917 views

By David S.Y. WongMar 22, 20091 topic

IBM Acquisition of Sun Microsystems - Trading JAVA

With the doubling of the JAVA stock price on March 18, 2009 based on a Wall Street Journal report that IBM is bidding to buy Sun Microsystems, and with the StockTradersPlace sell action commentary on March 21, one open question is âShould the stock be shorted?â. Here is where other factors have to be considered beyond technical analysis. With speculation that other companies such as Hewlett-Packard (HPQ) and Cisco Systems (CSCO), among others, may want to buy Sun Microsys

Primary topic: Stock Trading

915 views

By David S.Y. WongFeb 6, 20091 topic

Trading Gold Stocks in 2009

The price of gold and the trading of gold stocks are hot topics in recent times. The price of gold is a well-studied area with plenty of information and opinions on the secular bull trend in gold. The correlation of gold stocks to the price of gold is a topic of interest for people trading gold stocks. An item of importance is the HUI Gold Bugs index on the AMEX (American Stock Exchange).nnIf you tried to buy gold stocks in August or September of 2008, you undoubtedly would h

Primary topic: Stock Trading

914 views

By David S.Y. WongMar 3, 20091 topic

Emotion Dominated Stock Trading

Where do you lose in stock trading? I have asked myself that very question more than once. Looking through my Excel spreadsheet where I keep track of my trades and looking through my trading journal where I capture significant points and lessons, I would say the broad answer for me is âeating the big lossâ because I donât follow my own trading rules which are superseded by emotion.nnHow does the big loss manifest itself? Well, it could be from entering a position with c

Primary topic: Stock Trading

907 views

By David S.Y. WongMar 28, 20091 topic

Paper Trading Preparation for Real Trading

There are a number of Web sites out there that allow the prospective stock market trader to learn about stock trading through simulated transactions. Whether through the use of such Web services or simply by a person tracking âpaperâ buy/sell actions, this activity is generally referred to as paper trading.nnI personally donât like paper trading platforms that are termed as âgamesâ as that sets the wrong tone at the onset. Stock trading is serious business and trade

Primary topic: Stock Trading

907 views

By David S.Y. WongMar 27, 20091 topic

Comparing Day Trading with Other Trading Timeframes (March/2009)

From March 10 to March 26 of 2009, the market indices showed a tremendous climb. The S&P 500 was up 22%. The DOW was up 21%. The NASDAQ was up 19%. The S&P/TSX was up 17%. As of the March 27 close, the indices have retreated, likely due to profit taking to lock in gains after the rise in the past couple of weeks. This may be a pause, or it could be the beginning of a trend reversal. We do not yet know.nnI day traded 3 stocks on the TSX, employing long and short positions. I t

Primary topic: Stock Trading

902 views

By David S.Y. WongFeb 23, 20091 topic

Impact of Personality Influences on Stock Trading

Feb 23, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnYou may have read the notion that personality plays a role in how a person views the world in the sense of the âglass half-full, glass half-emptyâ saying. A pessimistic person has a tendency to think the market is heading lower while an optimistic person has a tendency to think the market is heading higher.nnAssuming a person knows oneâs own personality traits, that person would be well advised to i

Primary topic: Stock Trading

883 views

By David S.Y. WongMar 7, 20091 topic

What to Look For in a Technical Analysis System

Do technical analysis methods work? Or perhaps more appropriately asked, how effective are technical analysis methods?nnFor those that simply believe that technical analysis does not work without having learned it, tried it and validated it, I submit they are missing an opportunity. For those that donât have the time or energy to do it because of lifestyle constraints (e.g. they work long hours at a stressful job), it is perfectly understandable that they bypass do-it-yours

Primary topic: Stock Trading

877 views

By David S.Y. WongFeb 26, 20091 topic

The Candlestick Period or Timeframe

Feb 21, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnThe Japanese candlestick, hereafter simply referred to as candlestick or candle, conveys the open, high, low, close price points for the period or timeframe falling into two broad categories â real-time analysis and historical analysis.nnReal-time candlestick analysis is particularly relevant to the day-trader in order to interpret, analyze and make trading decisions down to the minute level or even low

Primary topic: Stock Trading

876 views

By David S.Y. WongApr 4, 20091 topic

Trading Research in Motion post Q1/2009

Research in Motion (RIMM on the Nasdaq and RIM on the TSX) had its latest earnings announcement on Thursday, April 2, 2009 after market close. Results were good, having exceeded analysts expectations, so excitement and optimism are back in the air. The stock gained 19% on Friday. On Wednesday and Thursday, the stock had up-candle days in anticipation of the earnings announcement. Since Tuesdayâs close, RIM has climbed from $54.49 to Fridayâs close of $72.80 for a 33% rise

Primary topic: Stock Trading

867 views

By David S.Y. WongMar 10, 20091 topic

Stock Market Pulse and Sentiment Q1/2009

With the general market down 50% and financials and housing down 80% over the past year and the market indices down at 12-year lows, there is market sentiment that we must be near the bottom.nnFrom a long-term investing perspective, this is a good time to buy in, although the entry into positions should be gradual to account for further price drops. Also, dollar-cost averaging (buying a fixed dollar amount at regular intervals) can be employed.nnNotable bear market players ar

Primary topic: Stock Trading

845 views

By David S.Y. WongMar 4, 20091 topic

Stock Trading Tug-of-War Between Emotions and Technical Analysis

RIMM (Research in Motion on the Nasdaq) had a StockTradersPlace sell action on February 11, 2009. As of March 3, 2009, RIMM had a StockTradersPlace buy commentary. In the period from February 11 to March 3, according to StockTradersPlace candlestick technical analysis, there were a number of candlestick signals for a buy action if the closing price on the next trading day confirms the buy signal.nnThe choice of RIMM is purely for illustrative purposes only. Any stock could ha

Primary topic: Stock Trading

844 views

By David S.Y. WongFeb 8, 20091 topic

The Need to Cut Your Losses in Stock Trading

Would it not be nice to find the ultimate trading method and system where profits are guaranteed and one never has to consider the notion of taking a loss, or when to take the loss? I submit that is more a dream than reality. In practice, stock traders will encounter losing trades - it becomes a question of how often these losses are encountered and the amount of loss on each occasion.nnI would say a good trading method or system is one in which losses occur infrequently and

Primary topic: Stock Trading

841 views

By David S.Y. WongMar 13, 20091 topic

Stock Market Day Trading Experiences

The markets, prior to this past week of March 9, 2009, being stagnant or drifting down, made me think about even shorter-term trading as in day-trading. The motivation was that I wanted to see profits sooner rather than later (i.e. tired of waiting). I went back to my strategy to nickel-and-dime the market, literally as you will see.nnWith the market trend showing upward movement since the beginning of the week, I knew I could rely on that underlying up-trend for my day-tradi

Primary topic: Stock Trading

838 views

By David S.Y. WongFeb 25, 20091 topic

Execute Winning Trades and Boost Your Trading Success

Stock trading is complex and risky. There is much information to digest. Sometimes the information can present conflicting conclusions. There is much need to make the right decisions.nnIt is a daunting task to wade through the myriad of strategies and methods associated with stock trading. There is fundamental and technical analysis to consider. There is much to research in terms of company news and performance. There is a variety of technical trading techniques to investigat

Primary topic: Stock Trading

820 views

By David S.Y. WongFeb 25, 20091 topic

Candlestick Technical Analysis : An Introduction

Feb 21, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnThe Japanese candlestick, hereafter simply referred to as candlestick or candle, is a very effective way to convey the open, high, low, close price points for the period in question, which may be minute, hour, day, week, etc. as supported by the charting software.nnThe body of the candlestick is defined by the open and close prices. The tails of the candlestick (some call them wicks or shadows) indicate t

Primary topic: Stock Trading

800 views

By David S.Y. WongFeb 19, 20091 topic

Trading on Support and Resistance Plus Trend Reversals

What is support and resistance? Iâm not going to get into the technical definition of what these are and how they are determined. I am going to say that support and resistance represent levels or areas where the price is stabilizing in terms of its current direction of move.n n As the price of a stock rises, it will reach a point where it will encounter resistance to go higher. Often times, the resistance point or the upper bound will be tested a number of times, eventually

Primary topic: Stock Trading

800 views

By David S.Y. WongMar 6, 20091 topic

State Of The Economy And The Stock Market Outlook

As if the markets going down by 50% over the past year is not depressing enough, the forward looking view needs the markets to go up by 100% to get back to parity of a year ago. The leading question is, when will that happen? It's safe to say the markets won't double in the next year. Can it take 10 years for the markets to recover the past year's losses? An even more provocative thought is, will it ever get back to those levels?nnIf one were to remain in the stock markets fo

Primary topic: Stock Trading

798 views

By David S.Y. WongFeb 25, 20091 topic

From Long-term Investing to Short-term Trading - How to Profit on the Stock Price Rise and Drop

Jan 27, 2009 copyright Â© David S.Y. Wong, published in SelfGrowth.comnnIn my early days of learning the stock market, I came across expert advice from various sources that said "you cannot time the market" and "it is best to buy-and-hold for the long term". I researched and consulted expert commentary to understand the fundamentals of companies whose stocks I would be investing in.nnIt was a ton of preparation followed by a buy action on the stock. Then it was time to sit ba

Primary topic: Stock Trading

794 views

By David S.Y. WongFeb 13, 20121 topic

Subscription Services for a Continuous Revenue Stream

As physical-world tangible products and services are being transitioned to the online world or as new online products and services are created in the digital world, the prevailing trend is to seek subscription service pricing as opposed to traditional pay-once pricing. The subscription model has better revenue yield due to the recurring nature of subscription charges. Consider the revenue yield of selling an eBook as compared to selling a subscription service through your mem

Primary topic: Business Opportunities

Business Opportunities

559 views

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