$ELI

7.14% up in a down day! The last time this stock surged with a volume 2.9 x bigger than today's was 24 October last year. It was followed by a 5 month decline and a 2 month sideways movement. Uob Kay Hian remains a big seller for 6 consecutive days now. A stock left for dead somehow came to life today through the support buying of both COL with 9.5Msh & BPI with 5.7Msh. Is this the start of a new trend? Or will this end in another failed rally?

Cautiousness and Cockiness in Trading

Trading isn't easy. It's not for the weak in heart. 

In my virtual account, I will start clean this 2nd week of June. 

I am reminding myself to be cautious when I feel cocky. It is during this time that I lose big. I also need to remind myself not to be afraid to take risk. Due to my losses, I have the tendency to be extra-cautious to the point that I might fail to execute my trades. I think a small dosage of fear is healthy, but not the point that it will paralyze me.