My 1st Post, My 1st Trade - Midas

Bought my first stock in SGX-ST, sadly i made a loss from here I will review my mistakes and what I have learnt.

Midas

11th Mar: Midas went up and closed @ 0.900. My cousin did ask whether it was going up i told her if it does it will go up somemore. as the day before there was a doji star. I'm not really good at Jap candlesticks now, still learning

12th Mar: There was a rally in Sg due to the rise in US market overnight. Dow had gone up by 200 pts. Every single stock went up creating a gap. And up it went, so i bought in @ 0.945 went to a day high of 0.970 and closed at 0.945

13th Mar: Night before, US market went down as investors took profit. Went down some more and i cut loss as i made 0.900 my support

14th Mar: Today it has gone up again. This time round I'm going to plan to enter correctly.


Mistakes Made

1. Did not plan the enter price and set a "no-effort" support
2. I forgot to switch my daily chart to weekly thus could not find a proper support
3. I was to anxious and entered early before MACD cross the signal line
4. %K had not crossed the 20% mark yet

Lessons Learnt

1. Always prepare support and resistance before hand. Plan!!
2. Stay calm and be patient, wait till indicators give the signal
3. Sg market follows Dow and later in the morning Hang Seng (check before you buy). Like my cousin said Sg market is "kiasu" and "kiase"