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 STOCK MARKET DISCUSSION V150

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Boon3
post Jan 9 2021, 12:15 PM

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QUOTE(HereToLearn @ Jan 9 2021, 11:58 AM)
Yes exactly, that's why I was asking u: R u jumping in for a quick kill because it can always reverse (after seeing how quickly it reversed from a breakdown to breakup).

Because I think the reverse is definitely either short covering and/or MCO
*
Eyes on the ball... not me. tongue.gif
and I sell ikan .... so I don't share what I do or don't do. tongue.gif



Anyway, the problem with the 4th was the game changing announcement midday announcement on the 4th...


flashback......

Special dividend announced midday. TG was at 5.46 then ....

user posted image

<<<<< end >>>>>>>

these are the small stuff one needs to do...

most charting software allows you to write/draw and save your notes...

That 70% changed everything.... if you are a trader, say you are betting on the downside, you need to get your thumb quickly out of your bum and say ... hang on dude... that is really, really something.... this should alter the course .....

* and I had been saying this.... TG boss has to realise that this is the way.
no need buyback or what nonsense...
he needs to focus on his bloody job... declare excess cash as dividends... and the market will do the rest.
Said this already one time too few... tongue.gif *

** oh... as it is .... some shareholder mght have mix feeling...
cos.... the order of the play was...

1. buybacks
2. Tropican buys
3. boss boys...

hence Boss cost of the shares is the cheapest. laugh.gif

and yup... based on 6.50... Boss shares are making money already... Tropican and the buybacks are still deep in losses laugh.gif **


so... yesterday....

the breakout was there....
the volume was there....
the momentum is there .....



err..... apa lagi mau? laugh.gif

This post has been edited by Boon3: Jan 9 2021, 12:16 PM
Syie9^_^
post Jan 9 2021, 12:19 PM

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QUOTE(Boon3 @ Jan 9 2021, 01:45 PM)
Eyes on the ball... not me. tongue.gif
and I sell ikan .... so I don't share what I do or don't do. tongue.gif
Anyway, the problem with the 4th was the game changing announcement midday announcement on the 4th...
flashback......

Special dividend announced midday. TG was at 5.46 then ....

user posted image

<<<<< end >>>>>>>

these are the small stuff one needs to do...

most charting software allows you to write/draw and save your notes...

That 70% changed everything.... if you are a trader, say you are betting on the downside, you need to get your thumb quickly out of your bum and say ... hang on dude... that is really, really something.... this should alter the course .....

* and I had been saying this.... TG boss has to realise that this is the way.
no need buyback or what nonsense...
he needs to focus on his bloody job... declare excess cash as dividends... and the market will do the rest.
Said this already one time too few... tongue.gif *

** oh... as it is .... some shareholder mght have mix feeling...
cos.... the order of the play was...

1. buybacks
2. Tropican buys
3. boss boys...

hence Boss cost of the shares is the cheapest. laugh.gif

and yup... based on 6.50... Boss shares are making money already... Tropican and the buybacks are still deep in losses laugh.gif **
so... yesterday....

the breakout was there....
the volume was there....
the momentum is there .....
err..... apa lagi mau?  laugh.gif
*
Want this? laugh.gif whistling.gif

https://www.tradingview.com/chart/TOPGLOV/6...N-PURPOSE-ONLY/
Boon3
post Jan 9 2021, 12:26 PM

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QUOTE(Syie9^_^ @ Jan 9 2021, 12:19 PM)
LOL! See? I know ...................... the hidden dragon notworthy.gif whistling.gif



I could never do waves properly ..... doh.gif yeah.... many things too.... laugh.gif



Keeping it simple.... this suits me more. tongue.gif
Syie9^_^
post Jan 9 2021, 12:33 PM

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QUOTE(Boon3 @ Jan 9 2021, 01:56 PM)
LOL! See? I know ...................... the hidden dragon notworthy.gif whistling.gif
I could never do waves properly .....  doh.gif  yeah.... many things too....   laugh.gif
Keeping it simple.... this suits me more. tongue.gif
*
I was just browsing jek tongue.gif

Not really hidden dragon. I`barely able to read chart well, except maps blush.gif

But you know, like fengshui...Chart will tell you one thing in TA, but any course of event in time can change it.

Be it in FA, TA or Trend Follower. This time around, the trend follower have been saying its downtrending. Yes. it is true, but you see the change of event eventuates to a breakout. All you listed prior have thick for uptrend, BUT....

trend follower will wait for certainty.

One camp or the other maybe have the answer. Back-test, Front test Side test, all positive...what else to do? unsure.gif confused.gif so goes the wait for signal.

Keep waiting!! And Rohan Will Answer, muster the Rohirin. laugh.gif

will it be like such?



This post has been edited by Syie9^_^: Jan 9 2021, 12:40 PM
AVFAN
post Jan 9 2021, 12:42 PM

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QUOTE(skty @ Jan 9 2021, 12:13 PM)
wah. Bursa so efficient update on Saturday.  tongue.gif

not only have to monitor RSS.

also need to take note on TG CW C71 which is expiring on 15 Jan and spmx CW C88 which is expiring on 26 Jan

other CW are current OTM but still need to keep an eye on if TG/spmx surge.
I am gonna run away first before the collapse happen.  laugh.gif

maybe I will post some head-up when I get the alert signal, if I remember and not busy cutting all my holdings.  tongue.gif
btw, do you keep a copy of this file securities_equities_rss_2021-01-05?

can't seem to download from Bursa website.
*
yes, please post alert if u see impt signal(s), TQ!

i have jan 4, 5, 6, 7, 8.

jan 5:

QUOTE
Total Net Short Position for 05/01/2021
Stock Code Short Name Long NameTotal Net ShortPosition (Volume) % of Total Net SPosition
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 124,076,300 1.52
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 23,355,908 0.92
5168 HARTA HARTALEGA HOLDINGSBERHAD 19,292,223 0.57
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 11,871,094 0.44


This post has been edited by AVFAN: Jan 9 2021, 12:44 PM
Boon3
post Jan 9 2021, 12:56 PM

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QUOTE(Syie9^_^ @ Jan 9 2021, 12:33 PM)
I was just browsing jek tongue.gif

Not really hidden dragon. I`barely able to read chart well, except maps blush.gif

But you know, like fengshui...Chart will tell you one thing in TA, but any course of event in time can change it.

Be it in FA, TA or Trend Follower. This time around, the trend follower have been saying its downtrending. Yes. it is true, but you see the change of event eventuates to a breakout. All you listed prior have thick for uptrend, BUT....

trend follower will wait for certainty.

One camp or the other maybe have the answer. Back-test, Front test Side test, all positive...what else to do?  unsure.gif  confused.gif so goes the wait for signal.

Keep waiting!! And Rohan Will Answer, muster the Rohirin.  laugh.gif 

will it be like such?


*
laugh.gif

I am not a trend trader. Okay.

Maybe that's the issue... trying to decipher me.... lol. tongue.gif

Anyway what I had described earlier ... the descending triangle breakout (reversal) could be better explained much simpler.

It's just a simple trading setup.

Anyway.... basically this setup is breakout from a declining trend line.

The line in the sand .... the declining trend line .... it's easily visible no?

see chart below...

user posted image

The breakout is indicated by that red arrow.... which ... cough ... cough... happened precisely when you demanded the CHART... hehehehe...

At that time, price was what? 6.05? Basing on the what was happening, if I had wanted to trade this setup, that would have been my shot at the tiger. That's how I would have played it, and yes, it was so possible to be the early worm (around 5.60?) ......


would this explanation be better?




p/s... do you do fake trading?
Look at the Master chart I posted this morning...
what would you do?

This post has been edited by Boon3: Jan 9 2021, 12:57 PM
skty
post Jan 9 2021, 01:10 PM

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QUOTE(AVFAN @ Jan 9 2021, 12:42 PM)
yes, please post alert if u see impt signal(s), TQ!

i have jan 4, 5, 6, 7, 8.

jan 5:
*
don't mind pls post the file of securities_equities_rss_2021-01-05?

wanna keep track of PSS.

many thanks. smile.gif
Syie9^_^
post Jan 9 2021, 01:17 PM

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QUOTE(Boon3 @ Jan 9 2021, 02:26 PM)
laugh.gif

I am not a trend trader. Okay.

Maybe that's the issue... trying to decipher me.... lol. tongue.gif

Anyway what I had described earlier ... the descending triangle breakout (reversal)  could be better explained much simpler.

It's just a simple trading setup.

Anyway.... basically this setup is breakout from a declining trend line.

The line in the sand .... the declining trend line .... it's easily visible no?

see chart below...

user posted image

The breakout is indicated by that red arrow.... which ... cough ... cough... happened precisely when you demanded the CHART... hehehehe...

At that time, price was what? 6.05? Basing on the what was happening, if I had wanted to trade this setup, that would have been my shot at the tiger. That's how I would have played it, and yes, it was so possible to be the early worm (around 5.60?) ......
would this explanation be better?
p/s... do you do fake trading?
Look at the Master chart I posted this morning...
what would you do?
*
I know you are not trend trader. But you know, listening to all camps or "expert call" maybe can lead to "light the beacon" and just ride along rclxms.gif

I`m also using simple trading with only one thing, ruler. No fibo, No trench, No smart money dumb money indicator etc etc. Only Ruler + Noise.

Yes it is clearly visible. +1

I`m too poor to do fake trading, so rather be original. tongue.gif so be like buttcoin-er, BUY and HODL. laugh.gif make sure make a lot noises when high or low. laugh.gif

The trade EP was low in this TG, as it was before covid-19.

My only concern now, How far up side. Meanwhile, enjoy goodies, like michael burry said, "Enjoy it while it lasts" and also how to make the pretty "bonsai tree" portfolio.

This post has been edited by Syie9^_^: Jan 9 2021, 01:18 PM
Boon3
post Jan 9 2021, 01:41 PM

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QUOTE(Syie9^_^ @ Jan 9 2021, 01:17 PM)
I know you are not trend trader. But you know, listening to all camps or "expert call" maybe can lead to "light the beacon" and just ride along  rclxms.gif

I`m also using simple trading with only one thing, ruler. No fibo, No trench, No smart money dumb  money indicator etc etc. Only Ruler + Noise.

Yes it is clearly visible. +1

I`m too poor to do fake trading, so rather be original. tongue.gif so be like buttcoin-er, BUY and HODL. laugh.gif make sure make a lot noises when high or low. laugh.gif

The trade EP was low in this TG, as it was before covid-19.

My only concern now, How far up side. Meanwhile, enjoy goodies, like michael burry said, "Enjoy it while it lasts" and also how to make the pretty "bonsai tree" portfolio.
*
Fake trading or paper trade is just practice. A study. Take a pencil and jot down the imaginary trade on a 666 book. Say, yesterday, write buy TG. Price 6.05. Reason: breakout from declining trend line. blah, blah blah.......

it's more of a self discovery. Discovering yourself. Finding out what type of setup, type of trading suits you the best.

I still do this a lot.

One should not stop learning, yes?





Syie9^_^
post Jan 9 2021, 01:55 PM

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QUOTE(Boon3 @ Jan 9 2021, 03:11 PM)
Fake trading or paper trade is just practice. A study. Take a pencil and jot down the imaginary trade on a 666 book. Say, yesterday, write buy TG. Price 6.05. Reason: breakout from declining trend line. blah, blah blah.......

it's more of a self discovery. Discovering yourself. Finding out what type of setup, type of trading suits you the best.

I still do this a lot.

One should not stop learning, yes?
*
Oh that, paper still doing but digital paper. OR in mind like The Queens`s Gambit, Beth Harmon with her chess on ceiling laugh.gif while everyone of you are sleeping.

Yes. wub.gif Learning is fun rclxms.gif

This post has been edited by Syie9^_^: Jan 9 2021, 01:55 PM
Boon3
post Jan 9 2021, 02:08 PM

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QUOTE(Syie9^_^ @ Jan 9 2021, 01:55 PM)
Oh that, paper still doing but digital paper. OR in mind like The Queens`s Gambit, Beth Harmon with her chess on ceiling laugh.gif while everyone of you are sleeping.

Yes. wub.gif Learning is fun rclxms.gif
*
Yes but don't be like Beth la. Popping pills and boozing laugh.gif laugh.gif
Randomization
post Jan 9 2021, 02:11 PM

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QUOTE(Boon3 @ Jan 9 2021, 02:08 PM)
Yes but don't be like Beth la. Popping pills and boozing laugh.gif laugh.gif
*
Why not? Might turn out to be a genius and best trader in the world. laugh.gif laugh.gif
Boon3
post Jan 9 2021, 02:17 PM

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QUOTE(Randomization @ Jan 9 2021, 02:11 PM)
Why not? Might turn out to be a genius and best trader in the world.  laugh.gif  laugh.gif
*
laugh.gif
Syie9^_^
post Jan 9 2021, 02:44 PM

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QUOTE(Boon3 @ Jan 9 2021, 03:38 PM)
Yes but don't be like Beth la. Popping pills and boozing laugh.gif laugh.gif
*
» Click to show Spoiler - click again to hide... «


This post has been edited by Syie9^_^: Jan 9 2021, 02:44 PM
statikinetic
post Jan 9 2021, 03:16 PM

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QUOTE(Syie9^_^ @ Jan 9 2021, 02:44 PM)
» Click to show Spoiler - click again to hide... «

*
You start seeing stock graphs and buy/sell queues on your ceiling yet?
Syie9^_^
post Jan 9 2021, 03:35 PM

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QUOTE(statikinetic @ Jan 9 2021, 04:46 PM)
You start seeing stock graphs and buy/sell queues on your ceiling yet?
*
let me have my xanzolam tomorrow night blush.gif
SUSlowya
post Jan 9 2021, 03:37 PM

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QUOTE(lostxkitten @ Jan 8 2021, 09:23 PM)
My first Buy-Sell was today, sold at 11% profit.
*
dare you post your next buy sell.
statikinetic
post Jan 9 2021, 04:49 PM

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QUOTE(lowya @ Jan 9 2021, 03:37 PM)
dare you post your next buy sell.
*
Profits go public, losses in the closet.
MedElite23
post Jan 9 2021, 05:58 PM

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QUOTE(statikinetic @ Jan 9 2021, 04:49 PM)
Profits go public, losses in the closet.
*
I’ll be frank and go ahead to ask this, see if anyone is raw enough to give an honest answer.

How important is it to have your portfolio stay green at a given moment? There’s no shame to admitting to your losses in public man..in fact I find those who share their losses are armoured with good virtues like humility, courage and perseverance notworthy.gif

IMO coming from fundamental investor POV, there has to be a time when your portfolio will be in red. When?

When you are “buying low”.

Because chances are you don’t know where is the rock bottom, you WILL end up catching a falling knife, either by will/ by circumstance. So there will be a time when your portfolio make you look the most foolish person on earth while waiting to reap your harvest harhaha..

If your portfolio is green ALL THE TIME, it may mean two things:
1.) you’ve not touched your holdings for many years they all have appreciated to multiples that don’t warrant often portfolio rebalancing, which is rare when emotions are involved.

Or....

2.) you chase high and buy only green counters. In this case your overall paper gain will be short-lived. Because whatever that goes up must.... tongue.gif

Inb4 this applies to FA-list only ok. Cheers! thumbsup.gif

This post has been edited by MedElite23: Jan 9 2021, 06:03 PM
Boon3
post Jan 9 2021, 06:13 PM

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QUOTE(MedElite23 @ Jan 9 2021, 05:58 PM)

Because chances are you don’t know where is the rock bottom, you WILL end up catching a falling knife, either by will/ by circumstance.
Ya. Do understand what you are saying.... but... will there be a point perhaps you made a mistake?

Perhaps by...

Buying the wrong stock...
Buying the right stock but at a terribly wrong price...
Buying the right stick but unfortunately the company profits declines greatly...
etc etc

What would you do?

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