Woah!

Didn't know you like to mix such stuff into your trading decisions.

Waa!
Today you are free. Off is it?
Waseong tends to disappoint.

*cough*

Still got TH?

Hehe!

Now what could I do to force a longggg reply from you?

Looks like it will should 'settle' more than one month earnings for you,

Well done.

Shouldn't have mentioned TH.
Sorry.

You didn't cut loss at 1.64 the other day?

Just trying to study how your trade only.
Maybe we can help each other improve.
No other intentions intended.
The other day, you did mention you ran into a problem when you did not cut loss on one of your future trades.
Hence, I am just curious.

I've got slightly different view on shakeout.
Of course, it's dreaded and you look like a dumb ass when you are shaken out of a perfectly good trade.
However, I see shakeout as just part of the cost of doing a trade.
There's no freebie right?
So if a shakeout is too happen, it happens.
That's just the cost of doing business to a trader.

Yeah, cutting losses short is essential.
However, more important also is knowing that one could always be wrong.

ps: I do remember stuff.
This was supposed to be a reverse head and shampoo trade.

The chart of Waseong is suggestive, I won't deny it.
However, my strategy is slightly different as I place some importance to sectoral performance of a stock.
For me, Waseong, is an Oil and Gas player and I would compare it versus other sector leaders.
Waseong has disappointed often and is no surprise for me why the stock is at where it is.
Recently, its earnings performance has been poor, not only below expectations but the decline in earnings had been sharp.
And to be honest, current stock prices flatters the stock.
But then, yeah, the chart has its suggestive points and maybe there are some who are positioning themselves in expectation of better earnings.
Yes, you could call this as 'anticipating' for a movement.
It's rewards?
Being early. One positioned themselves to be early and could reap 'more' rewards when it starts to move.
The risk? The flipside is one could call Waseong as moving crab way and there's a chance it could continue for a while.
Crab ways frustrates and for some it represents a bad position and there's no guarantee that once it breaks out of the crab movement the stock must go up. It could also go down.

Hoiii

Fuyoh!

Trading option to enter L&G now at 0.445.

That Trend Trading for a living is already a very decent book, a book which is very much understandable.
You want to stay away from books that are too difficult to understand.
How To Make Money in stocks by William O'Neil is not bad.
That few chapters in Part II should be read many times over.
If you are unsure of a book title, search under Amazon and read the reviews about the book.

Nothing fancy trading plan.
Just basic cup & handle trading with entry at 0.445 with a CL at 0.43.
Volume is a little bit lacking.

Yes, that would be anticipating that the breakout is genuine.
My CL on iffy stocks are generally much tighter.
L&G now looks iffy.
Momentum isn't as strong as expected.
It's kinda lembik and after watching it for half an hour or so, I am not so convinced.

Nice to see that you are back!

Lesson from all this?
Never rush in to buy a falling stock.
You can buy but be patient la.
No need to rush one.

ps: got try to learn some basic chart patterns?

Wah!
Like this also can?
Send reverse kick back to me meh?

Nasi lemak meh?
You don't bruff me la.

Saw the TH news.
Some past events for you to consider.
I mentioned this b4 but not sure you are aware but anyway, you would have guessed/known by now that I consider PN17 as being in jail.
This is a lame phrase I picked up online a couple of years ago.
Anyway, when a stock gets of jail, there are 2 events of worthwhile.
1.The unexpected ones. Those that are hardly in the news and when this type of jailbird is released, the eruption of joy is so immense that the stock, which hardly have any significant movement prior to the news, will surge like crazy. Like a jailbird enjoying whoopie after many years....
2. The other ones? The ones that is known. The ones that are all but waiting for the official date of release. It's a known issue. The press had already been highlighting this imminent event. And the stock is already up in anticipating of this good news and normally, what one gets is a muted response on the official news and the stock quickly retreats after the news. Why? The good news is all but priced in and the next possible catalyst is the company delivering strong earnings performance.

Now if I have to guess, I think we might see a sell on news situation here.
The stock was sleep walking almost all day and then it suddenly woke up around 3pm+.
From 58 sen the stock closed strongly at 61.5sen.
Yeah, someone knew earlier eh?
Anyway, I think we could still some buying euphoria early on but strong profit taking could emerge.
*batuk *