Day Trader

First of all, thanks for inviting me to share my experience on my last ASX Paper competition. Before I share anything, it's all about my own way of trading and it doesn't mean it is suitable for everyone. When I start off in this competition, I have been focusing a couple of shares and the one that made me into top 3 position in the first week or so. SXG was always in my list because of the gold price soaring. I have been buying and selling this share when it was only $1.70+ and sell within a day or 3. When will I buy? I have been using the Bollinger Bands by looking at the chart based on the standard deviation and the swings of the underlying price. Due to my work, I am able to sit in front of the computer everyday and focusing on the market at all time. I will set a stop loss on my share when the Bollinger Band is not accurate --- cutting loss and then start looking at other shares. During the competition, I have chosen a few of the shares that it quite volatile ( This is my preference because I always think what goes up must come down and what comes down will go back up again. Its just the matter of time if the company is at a healthy situation.) At this stage, my main focus will be on A4N, NVX and SXG. I also started to focus on 360, BRN, DRO,JLG and OBL as I think they are great potential long term hold.

Please....please.....all the above is my own personal way of trading and it might not suits everyone and my thought doesn't count for anything. Please do your own homework before any decent investment.