ALAM: testing support at lower line of the channel


ALAM

GOCEAN

Another penny counter that is currently in my radar: GOCEAN

- notice how the price not going any lower, but the stoch keep on going down. (possible hidden divergence)

- also, possible formation of a triangle (normally associate with continuation pattern)

- surge in vol during run up, and vol dries up afterward, but still significantly higher than before the run up.

- vol surge suggesting interest from investors/speculator/trader/gambler in the counter, an the dried up vol suggest profit taking not that severe to push back the price down, and probably most of the people who bought during run up still holding it.
something cooking behind? 

- Yeah, the number of lots will depend on how wide my CL is.....

- My TP are usually at the first visible resistance, or if it's a breakout from it's pattern (triangle, wedge, flag etc....) would be the height of the pattern from the break out point

- go to this website if you want to know how to measure TP given certain chart pattern (http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns)

- in case of GOCEAN, based on my 30mins chart, yes my entry would be break out above the triangle, and CL below the triangle. My TP would be the first visible resistance, which in my chart, is around 0.305 - 0.31

- based on that, my Reward is about 3 cents (0.31 - 0.28) while my Risk is 1.5 cent (0.28 - 0.265), which gives me RRR of 2:1. For me that's good enough. and

- I might hold the stocks eventhough it has reached the resistance, as long as I don't see any type of reversal candle / chart pattern (shooting star, dark cloud, bearish engulfing, double top etc...), couple with divergence between the price and stoch. If not sign of that, I may hold the stock a bit longer

- as for CLIQ-WA, the price has been moving sideways btw 0.245 - 0.265. So my CL normally slightly lower than the support, which in this case, is slightly lower than the bottom of the range....

all operator back to work d.....

they buy when everyone shouting keep a side...

i know one of my friend bought before election that friday...

he sapu alot of shares... now making 50% gain within a week.... 

maybe more coming.... 

we r speculator la.. wear spec to trade lo... don't show ppl u r crying when u r losing..   

Summoning who ar?

The risk in percentage of a 3k bet is the same as a 6k bet.
If we set a 7% risk per trade, then it doesn't matter if we bet 3k, 7k or 10k because the risk is 7%.

Sounds simple?

It isn't.



A 7%.. shiit... let's use 10% risk per trade la. 7% means needs to take out count math machine.
A 10% risk on a 3k bet is 300.
A 10% risk on a 7k bet is 700.
The amount of risk increases when the amount of bet increases.

Luckily there is Uncle Google la.

Google this: position sizing and positing sizing strategies. Tons of resource material from people smarter than me.
PS: There is no one shoe that fits all. Search and discover what fits your shoe.