SGX Penny Stocks | Blumont & Asiasons – How to Catch a Falling Knife the Relaxed Way

As with all setups, there is a timing for everything. And while I don’t usually like to play penny stocks, I know that my setups work on them; so when I do get in, I make sure I make a killing from it.

Before we proceed to dissect my trade, let me reiterate that while penny stocks are occasionally good for generating trading income, they are high risk and should not be your bread-and-butter.

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After spotting the huge plunge, this activated one of our key setups – The Bounce. I posted in the forum and went in the trade myself, starting off small and adding positions as it became cheaper.

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While waiting for the profits to come, I went down to have a game of golf with one of  my friend, and also a former student of mine. As I said, once you know what setup you are using, there is no stress at all, and no need to watch the screen the whole day.

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Another of my student spotted the same setup on Asiasons, and went ahead on his own.

penny overview 091013Reaping the huge rewards. More to come?

I will be sharing more juicy details about this trade in my next sharing session. Reserve a seat early to avoid disappointment this time.
https://www.eventbrite.sg/event/8521073761

4 replies
  1. Spencer
    Spencer says:

    @Hershey The bounce trade, as mentioned in our course manual, is a short term trade. We exited all our positions last Friday for this trade.

    Reply
  2. Hershey
    Hershey says:

    Is it possible to exit last Friday? The designates securities cannot be sold until t+4? You sold within the day you entered on 11th oct?

    Reply
  3. Spencer
    Spencer says:

    @Hershey yup, you can check the date/time. We entered on Monday, with the intention of exiting on Friday, which we did. Updates are in the private forum.

    Reply

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