RedAsh's Blog

Finally, today I went to register for T3B course. It is a 3k course and within are a software package, a book, 2 day lunch at an expensive York Hotel, T3B membership, and a 9~5 session with Singapore Stock Market Legend Kean Lee.

While the whole course is pleasant, something shook me up. First of all, the whole Trading System is a HUGE system with MANY rules...

To start with, there is this thing call the CDF. As from how Keane describe it,
1> I need to pay a sum of deposit to the security
2> Whenever I want to buy a stock, the stock bought is thought as a LOAN from the security.
~ Heres how it works,
The firm purchase the stock I want, but the ownership of stock is still the firm, not mine. Any drop or raise, is somewhat multipled. This is thanks to something advance call "Leverage". Where there are "images" of a stock you purchase. Hence a drop in 5% for 2 "images" is a total of 10% loss... MAN I need MORE details...

3> Then to use T3B system, I need to pay a $420 for a one year subscription... Something like membership fee to access anything T3B... *Keane says it is such that the req. of the 3rd Party Developer..
4> There is also a need to register an account with Philips Financial Securities... and the signing of the sections are not explain clearly yet people sign them en'masse...

Kinda weird if you ask me... anyway more details on tomorrow...

Anyway, the whole day is ALL about T3B system and signs and use of it. There are hardly any basics stuff like formula, patterns and models to learn, but more on "Philosophy" of market trend... Which is TOTALLY dependent on the T3B system (that requires subscription fee)... a probability system that considers 3 strategies.

Today is only about uptrend market. 6 key factors here,
1> Uptrend
2> Break High (on months) ~ to enter "radar"
3> Volume ~ anticipate Big Players entry
4> K-line (10 Storey Concept) ~ managing risk
5> Peak Break ~ determines Entry
6> Ribbons ~ indicators on short-term gain (for intra-day players?)

On top of that, there are 3 "Safety Nets" to fall on should things go wrong,
1> Initial 7~8% break point
2> Break Support
3> Big/Long Down Bar (Trailing End)
4> Secure 70% of earnings

Tomorrow, is a longer day, time to do some revision and look for my CPF account number, UOB account number etc to fill those T3B forms now... Bless me Mum, hope I can do better in my life with help of T3B... and maybe a little luck in Toto =P

P.S: Thought of something new today,
- In Singapore...
Yin Yu is Yao Qian Shu (English is money tree)
Hua Yu is Yi Shu (Chinese is artistic)
Ri Yu is Muo Shu (Japanese is magical)
Fan Yan is Wu Shu (Dialect is everywhere)