This is a chart of Pacific Radiance that we have replaced the OSIM case study with (exit with profit completed).It is a relatively new stock that had a pretty decent uptrend since February this year and the candlesticks have turned red for a brief period of time around May. On the 15th of May, there was a strong up bar with a fresh green arrow generated, signalling a long execution on the 19th of May @ a price of $1.18. Should you have followed the CSI system, you would be sitting on a profit of about 12% now. Due to the markets being a little slow and quiet recently, we can see that there was an intermediate-term pullback to about $1.29. Nothing needs to be done here as the stock is still considered to be in an uptrend and we only exit when the candlesticks turn red, with additional exit criteria. Remember that trading is all about managing risk and taking responsibility for your own trades. We will continue to rotate a few stocks as case studies for educational purposes on the CSI system.
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Collin Seow
Certified Financial Technician (CFTe)
Inventor of The CSI Trading System
Trainer at CyberQuote (A member of PhillipCapital)
Mr. Collin Seow is a qualified Chartered Portfolio Manager (CPM) and holds a Certified Financial Technician (CFTe) qualification. He is a member of MENSA Singapore and Technical Analyst Society Institute (TASS).
Collin is also a regular speaker at conferences and seminars. He was recently invited to speak at the Shares Investment Conference and the MetaStock Conference 2011.
He is a bi-weekly Columnist of Shares Investment Publications and has been featured in the book titled “Secrets of Highly Profitable Traders” which is in The Straits Times national bestseller list for 21 weeks.
Collin combines his unique brand of "street-smarts with heart" in trading.
He is not only a trainer with CyberQuote (A member of PhillipCapital), he is also an inventor of a stock trading software known as CSI Trading System, which he teaches in one of the CyberQuote courses.
Collin also owns a popular blog www.collinseow.com.
"The main reason why most traders fail is that they put all their focus in making money from the market. This in turn affects their psychology, which acts as a tall barrier to attain success in trading".
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