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 Bursa Traders Thread V1, Coook cooook cooook !

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Boon3
post Oct 16 2012, 01:37 PM

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QUOTE(kueyteowlou @ Oct 16 2012, 01:34 PM)
go pay and get 1 lo = =

i never used that before...

http://www.bursastation.com/

maybe u can get free trial from them...
*
Free things never really free leh.
Use already, hook already, then mai tan. tongue.gif
Boon3
post Oct 16 2012, 01:56 PM

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Free one can use screener? wink.gif
Boon3
post Oct 17 2012, 08:34 AM

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QUOTE(ham_revilo @ Oct 17 2012, 07:51 AM)
yeah. im opening an account soon. will try to monitor and practice "fake trading" (suggested by a forummer biggrin.gif) to prepare myself.

hopefully i can gain some info and experience here.

stop loss is always a good thumb rule. even in equities. but the problem is, to some extend human emotion always kick in sad.gif
even myself. always give myself false hope  cry.gif
*
Some comments.

Contrary to popular beliefs, I strongly believe fake trading is a waste of time.
Especially for futures trading, you either have IT or you don't.
IT means the ability to stay focus and calm and make your trades without any emotions attached.
Many can be a good fake trader but when it comes to real futures trading, they crumble.
Emotion kicks in. False hope sets in. Trades cannot be executed when needed.

Suggestion? Take a chunk of money out.
No pain no gain.
No money no honey, babe.
Take 5k out.
Play the futures.
If you can see profits or remain in the game after 6 months, you are good to go.

My one sen of wind talk and this one sen comes from someone who has confessed he does not trade futures.
Boon3
post Oct 17 2012, 08:55 AM

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For hehe86.

Did you check out GPacket's movments?

GPacket had been rolling down the hill since March 2012.

user posted image

The terrible truth. tongue.gif

user posted image

Ok, despite how bad the 'terrible truth' picture, if one looks closer, GPacket has had pockets of nice bounces.
Yes, there is this saying that stocks down fall straight down.
Stand above a 10 story building (not asking you to jump building la. tongue.gif) and drop a piece of leaf.
Gravity tells us the leaf will fall down but will it fall straight down?
It doesn't.
It moves freely and if there is wind, it sometimes float higher, defying Master Gravity.
However, eventually, it still falls down.

With Gpacket rolling down since March this year, some would have kept this stock in the radar and asking when will their opportunity come.

The question asked earlier.
Should one bet by guessing when Gpacket will turn?
That is, should one enter a trade, assuming Gpacket will turn at a certain price?
If so, what and where would be buy in price?

Or should one wait till Gpacket shows the market what it wanna do?
I believed Gpacket did reveal a lot on Monday's, 15/10 trading.

The chart.

user posted image

If I wanted to trade, I would have bought GPacket on 15/10.
Yes, react on what the stock was doing and chase the stock. tongue.gif
What would be your buy in price? tongue.gif

After yesterday's trading.

GPacket blasted through...

user posted image

Disclaimer.
» Click to show Spoiler - click again to hide... «




Boon3
post Oct 17 2012, 10:10 AM

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ciahcra: Nice!

You surely explain it much better than me. smile.gif
This proves that I am right not to venture into futures. Haha!
Boon3
post Oct 17 2012, 10:49 AM

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QUOTE(magika @ Oct 17 2012, 10:34 AM)
Today market in hyperactive mode.. tongue.gif
*
Someone so happy. tongue.gif
Boon3
post Oct 17 2012, 10:55 AM

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I know lah.
You BELI by lori load semalam. tongue.gif
Boon3
post Oct 17 2012, 11:00 AM

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This means you will be half KAYA today. tongue.gif

Beli apa? Sweet Young ah?
Boon3
post Oct 17 2012, 11:14 AM

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Eh? I thought you no play CWs.
Boon3
post Oct 17 2012, 11:19 AM

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Then you should NOT venture into futures trading.
Sorry but this is my honest opinion based on your comments.
Boon3
post Oct 17 2012, 11:31 AM

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QUOTE(ham_revilo @ Oct 17 2012, 11:26 AM)
based on which comment or what reason? sorry notworthy.gif
Based on a collection of everything you have written.

For share markets, sometimes, you can get away with a lousy stock pick by holding the bad selection a long time.
Futures trading are unforgiving and once you are wrong, you lose and your losses depends on how swift you cut.
Boon3
post Oct 17 2012, 11:47 AM

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QUOTE(ciahcra @ Oct 17 2012, 11:40 AM)
luckily, you can place stop order in futures trading. smile.gif

But not good also if your stop order got hit every single time you in trade.....
*
Ah.. thanks for correcting that. smile.gif
Boon3
post Oct 17 2012, 02:15 PM

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QUOTE(kueyteowlou @ Oct 17 2012, 02:12 PM)
annjoo
*
Durian dropped!

tongue.gif
Boon3
post Oct 17 2012, 03:44 PM

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QUOTE(kueyteowlou @ Oct 17 2012, 02:18 PM)
doh.gif
sudah cut long long time lo
*
doh.gif

You no tell me how I know? tongue.gif

Only AnnJoo and some of them cheap Lion stocks are showing upticks. AnnJoo's uptick the strongest. wink.gif
Cheap stuff good? rolleyes.gif
Boon3
post Oct 17 2012, 03:49 PM

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ciahcra: Hehe.. why disclaimer so big?
I think no need to put disclaimer la.
This one is free stock chat forum.
Free things where got guarantee one?



Boon3
post Oct 17 2012, 03:53 PM

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QUOTE(kueyteowlou @ Oct 17 2012, 03:50 PM)
Annjoo get the project of MRT steel supply...  hmm.gif
MRT give contract out for steel supply?
Sure boh?
Rumours ah?
Doesn't sound feasible to me for MRT to give out such a contract. wink.gif

Boon3
post Oct 17 2012, 06:36 PM

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QUOTE(kueyteowlou @ Oct 17 2012, 04:10 PM)
- Hence, we expect investor's near-term expectations to slowly gravitate from contractors to the suppliers of building materials, particularly with the multi-year supply prospects for cement and steel.

- We continue to advocate Ann Joo Resources (steel), Lion Industries (steel), Lafarge Malayan Cement (cement), IJM Corp (via ICP: concrete-based products) and KimLun Corp (tunnel lining, segmental box girdles).

Source: AmeSecurities
These mentioned by AmSecurities, AnnJoo, LionInd, LMC etc are just building material suppliers to contractors.
Cement and steel are going to see a lot of usage but we are talking of yet to be known winning contractors and for these contractors, they probably have their own 'way' of choosing their suppliers.
It's not like 'they', the steel players are getting the contract itself.
It was just last month that reports are suggesting that the outlook is dim for steel sector because the average selling prices is feeling the heat because China's ASP is low and with the low ASP, dumping activities could happen. http://www.theedgemalaysia.com/index.php?o...20129&Itemid=79
And with such sentiment in the steel sector, I doubt the winning contractors would lock-in their steel supply with any one suppliers.
Not sure I would be gung-ho on the steel sector.

Boon3
post Oct 17 2012, 06:41 PM

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QUOTE(learn2earn8 @ Oct 17 2012, 02:43 PM)
nope, better get your trading skills set-up in place. the earlier the better  nod.gif
once its usable, tested and sruvived during uptrend, downtrend and no trend + still make moolah  tongue.gif
then only can use concept of opm and leverage  drool.gif
*
Love your links in your signature. biggrin.gif

thumbup.gif

Do you still trade local shares?
Boon3
post Oct 17 2012, 08:40 PM

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QUOTE(hehe86 @ Oct 17 2012, 08:09 PM)

Oh looks like i've been summoned. smile.gif

Sorry again for the late reply.

For GPacket daily chart, since March, if you do use 20,50 EMA (not sure about MA) the price is closed below the 50 EMA

user posted image

So if one wanna wait for opportunity or react for the stock would be to enter when the price able to close above the 50EMA? Or try the breakout method which i mentioned before with turtle method (breakout from high of last 20 bars)

On 15/10, i think you would bought it because it break 0.43? I do agree the levels to watch out for would be 0.43 and 0.405. So on 15/10, the price able to closed at 0.44. But in volume and EMA wise, i might still hesitate to enter yet. Unless i monitor this stock everyday, then on 16/10, once it broke the 50 EMA lines, i would enter then with the convincing volume

So i think those who only check the charts daily EOD would have miss this trade ya and too late to react on it? To me, the downtrend may still continue after 15/10, though on 16/10, i can safely say the downtrend is over, but the price has broke 0.5, maybe abit too risky to try on 17/10.

Thanks for sharing again thumbup.gif

PS: Where do you get your charts ya? Somehow it is similar with chart nexus. But to view longer data, you have to pay for chart nexus, but your weekly chart seems like quite long. If i remember correctly, your 'stuffs' are free right? tongue.gif
Haha! My 'stuff' are indeed free.
Can you see the RHB watermark on the chart? tongue.gif

I just want to show a 'live' example on how one could play the bottom fishing 'differently'.
I believe you can see many try to guess where the bottom is and they buy where they think the stock will turn.
I believe one could be better of waiting for the market to 'show hand' or letting the chart develop its bases.

Yes, if you are comfortable with EMAs, use it.
They are just so many ways to play.
Well, as they say, choose your own poison. tongue.gif


Boon3
post Oct 17 2012, 08:57 PM

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QUOTE(nendo_2008 @ Oct 17 2012, 08:22 PM)
can i know what ways do you guys use for Take Profit?
*
This is a very general question.
Each stock will have its own selling time and since everyone of us is different, I doubt we will have the same take profit strategy.

One of the best selling suggestions was from the book 'How to make money in stocks' by William O'Neal. There is one good chapter, how to sell for a profit.

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