Death and tax are the only certainty in life.

And yet piling into vulnerable assets like stock.

This post has been edited by icemanfx: Jan 8 2021, 11:30 PM

just now I just scan through for updates and came across a message in public Telegram group, I think it's very well said. So I like to share for your own tinkering:

Wow most major countries indexes are green

Hahaha..

50 pages back it was the IB Call Warrants...🤣.

Yup. Not a healthy way to trade/invest. Always trying to find a reason to explain why the stock they bought fell.

This round, ignoring these nonsense, they could have bought for the right simple reason using simple reasoning either with fa or TA.

No need all the nonsense of trying to drcipher/track the daily shorties.

Aiyooo... dont follow me la.


Picture was drawn.. explained too...

Apa lagi mau?

Hold your hands?

Let me answer, Boon will jump in for a trade, quick in quick out, don’t ask me how quick

Why: resistance line broken laa..price up, volume up, momentum there, apa lagi mau confirm?

This post has been edited by MedElite23: Jan 9 2021, 08:04 AM

Perhaps you're talking about the descending tirangle.
Be early or wait for breakout?
Ah! You save me from the mist.

I used to buy and hold for long and I'm not familiar with TA before.
Let's see how it's going next week.

Haha i give up on this. No point man, people see what they want to see.

Too bad many new bursa participants now also follow all this bullshit. The market is a big conspiracy to them, trying to take their money away 😬

Totally agree.
Only if we are allow to c the who's doing the trade.

Exactly!!!

incr... from 156mil (1.91%) to 191mil (2.34%)!
https://www.bursamalaysia.com/misc/missftp/...ion20210108.pdf

1.66% more to go, will be fun next week.

it will come... gotta have some reserves at anytime, ready for that!

Aiyoh.... i thought you be better than this. Don't turn this into me mah... it doesn't matter what I do or what I don't, yes? Matter is the issue itself. If you turn it into me... lol... this macam local politics. Good meh? Come.....

Ahem... I don't do resistance line la. Resistance line and the trend line is so different, so different... Mentioned it b4... so not gonna repeat it.

Anyway, just for your info. When I made that simulation idea trade on TopGlove, I was pretty much sincere and it was how I would have traded the stock IF I was really interested in TG. ( And also for your info, I did not buy any glove stocks yesterday. )

Which is why I said 'I had already drawn the picture ...'

Reference: post #41207

I will just paste the main part here................

1. Buying a stock just b4 it goes ex dividend.

Best one to TEST it out is Top Glove.

Point is, you need to test such ideas/insinuations out. Recently Maybank, went ex-dividend. Look at Maybank now... it's been sliding since then. So you would have gotten the dividend but since the market readjusts the price for the dividend, the stock automatically trades lower.

so test it out. Mark 6.70 as your buying price. Come back one month later. See the result. ( As of now, this was clearly a bad idea. Always is. Unless you are a long term trader, chasing the stock for dividends is always a bad idea. Yup. Besides testing out good ideas, I run a lot of tests on bad ideas too.)


2. Since we are on Top Gove, lol ... the unloved scape goat.. tongue.gif ... you can actually run 2 test simulations.

Technically it's trading within a descending triangle ... but since the stock has been trading right along the trend line, suggesting ... just maybe it could breakout from the descending triangle ( google that phrase - descending tirangle) , perhaps a trading buy is possible. In which there's 2 ways you can trade it...

a. Being early ... you reckon you sure it will breakout... so you want to be ahead of the crowd and you want a cheaper price... so you buy now. So mark that 6.70 as a DOUBLE trader in your book. ( Descending triangle is always bearish in nature. Unless one sees the breakout itself, being early is NEVER a good idea)

b. You wait for the breakout ... any price above 6.80, you need the volume to justify your trade... so if it breakouts with volume, mark 6.80 as your other trade.

AND OF COURSE, there's still the other option... since it's descending triangle, by technical definition it is bearish. So unless you see the breakout, you will have ZERO trade... lol ... in real life... you make your money rot in the bank for a while more.... hehehe

(the breakout point of course changed. When Syie9^_^ shouted for the chart at 3.15pm, see post #43638 , the chart posted showed clearly the breakout. The volume is of course the most important. Without it, one could fall what folks refer to as a failed breakout. But that was the breakout. A potential buy point from a traders point of view)


the 'live' chart as at 3.30pm yesterday.....



Written out 3 possible scenario to trade, no? The correct and obvious one was the 3rd option. Which coincidently is the same as what we saw in MI recently. MI too had a descending triangle. Stock broke out of the triangle and rebounded. Same same.

And from a FA point of view, that day, Stock was at 5.46 when TG announced 70%. Math simple lor. 10 bil estimated profits. So roughly 7.5 billion profit is the size of the cake. Out of it, 70% will be returned. Shareholder base around 8.2 billion. Count lo the DY. Was that not a valid reason to buy?

Two simple reason to buy... no BS on vaccines la, covid cases, no call warrants la, no short selling la ....



Stay focus and keep it simple.

okay bo?

This post has been edited by Boon3: Jan 9 2021, 09:42 AM

Going thru some stuff then I remembered you ....

This one ....

Okay my apologies I take back what I said , and thanks for taking the time to explain your TA on TG

Hahaha... no problem la. Not that small gas la.

Anyway, I am not a fan for TG and I have stated my reasons for it... but calling it as it is ..... the rebound/trend reversal/ is here ....
if one is IN then congrats la.


Nah.... was updating some charts.... share 2 with you...


This post has been edited by Boon3: Jan 9 2021, 10:13 AM

spot on shout? I was just BBBUUU for fun, never have pun intended

...... bruffer !!

this was talked about the other day....

which one?