Monday, May 11, 2009

My STI Trading Target

Paper Trade for upcoming week

  • Trigger: STI Hits 2436
  • Stock to buy: STI1900SGAePW090929
  • Target Price: Index to drop to 2238 (essentially an STI put warrant, meaning the price will increase of the STI drops)
  • Cut loss limit: Wait for T+1 (this means the day after you buy your stock), if it gaps up, cut loss on open.

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