I have nothing against REITs, as long as it is trending higher, it satisfies the usual characteristic of what we want to look out for: support, resistance level, and trends. I treat REIT as just the same as any other-

Like stock?

… stocks that I would get, yes. So any income or any distribution that comes as a result to me, those are all bonuses. Because ultimately the biggest gains from your ownership of any stocks will actually come from the capital appreciation and depreciation itself. The distribution is always just a very small percentage-

Yes.

… of the actual profitability in the position.

Yes.

So again, I treat REIT as any other stocks. As long as they can show me the kind of characteristic that I’m looking for, I’ve nothing against them. That’s why usually I don’t even really care what the chart, the name of the chart is, usually. Once they are in my shortlist, right, I don’t really care about the name at all. I just flip the chart, I just look at the chart, what the chart tells me. If the chart tells me this is the trading setup and if I decide to get in, that’s the only time I will have to look at what is the name of the chart, because I will have to execute based on the name.

Yeah, true, true.

You get my point?

I get your point.

So until that point, I don’t really bother whether what’s the name. Of course, I will just take a quick look, but essentially I don’t really care what the name is.

 

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Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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