Yes you can to some extent...

go learn some ta...

lol... ta is not crystal ball lah... hahaha

ta helps me see what is happening... and what future price action scenarios might be... it helps with my thinking and planning my next move...

example usdmyr below... so far it is reacting to my levels beautifully... for now i don't know if it will go up and hit ~4.5... it can go up/down/sideways... if i enter means i have an expectation, and if that is wrong... cut and run...lick my wounds lor...


what you may see as randomness... i see organized chaos...

one man's meat... another man's poison...

i do me... you do you...

This post has been edited by dwRK: Jun 24 2022, 10:27 AM

can dca near the bottom... can dca all the way up...

just remember... don't lose money... there's a time to buy and a time to sell...

paper loss is loss...

Carl Sagan said "to make apple pie from scratch... first you must create the universe"

he like that lor... lol... story a lot, final chapter missing... hahaha

lol... nice... I like...

but dammit... all in the bottom now got new meaning... haiz


This post has been edited by dwRK: Jun 24 2022, 03:43 PM

i think a bit short sighted here... it doesn't matter trader or investor... both must learn to protect the investment capital & profits...

traders has more incentive to do so... otherwise homeless...

investors has a day job... and so usually poor at defending their capital... tidak apa mah can dca wait 20 yrs... lol

and it's doesn't take much energy at all... just have to shift your mind set... sell n secure your profits, buy puts or inverse etf to hedge... just have to learn to do it...

trading is sure win high reward to risk when done correctly... gambling is sure lose, except black jack where one can have a fighting chance... according to my gambler friend lah... hahaha

This post has been edited by dwRK: Jun 24 2022, 06:00 PM

lol... same...

I noticed over the years those trading competition winners... majority sailang handful of stocks... almost no diversifications... lol

anyways... let ppl do whatever they comfy lah... hahaha

a lot of traders started as investors... before finding enlightenment as traders...

but he's not mocking investors lah... just saying don't stupidity dca... but somehow got lots of ppl excited... lol

BTW... longest stock I hold n sold 15 yrs... longest still holding but written off 22 yrs...

you started the fire... you put it out...

so you think market has bottomed... prices will only go up from here to all time high... won't go lower again? this is what you are implying... right? right?

thanks... just wanna know what he's thinking with a post like that

I predicted up... I even post the chart here...

my 2 penny from charting perspective...left to right

1st entry ok lah if have to get started... but ta not so good
2nd entry not good because chart showing more weakness...
3rd entry is perfection imho... monthly long term chart shows this is good technical entry... if patience didn't fomo/dca earlier, all in here
4th entry to average up is ok but very risky as chart is topping
5th entry is good...
6th entry should not enter... already lots of -ve news...
7th exit is late... but ok lah do what we must...

must be your google...

i must say you probably the happiest guy in this bear market wishing for more crash whilst increasing drawdown/paperloss... hahaha

it depends on my confidence wrt reading the price actions (green/red) and predicting next movements... if unsure, then i wait for confirmations to see how prices reacts at their support resistance levels...

i use moving averages and a few other indicators to help easily scan and assess... but i usually start with naked charts to reduce bias...then add in the indicators see what else i'm missing...

the 3rd entry is very good because of many factors... the dip preceding bounced a good level support, it bounce fibonacci retracement level, hit swing pattern failure, the bounce retraced back to a nice fibonacci level again, and a few more... this is a very technical entry with lots of good confirmation...

you can trade support and resistance levels, i.e., the tops and bottoms...these will give you maximum profits but also higher risks of getting things wrong, or trade the trend which is lower risk and less profit... but with trends need to make sure you get in and out early wrt the timeframe you are trading... usual risk is too late to the party and staying when its over...

for long term stock investing... daily and weekly charts with some basic ta indicators are good enough imho... the main problems with investors as i've mentioned before, is the reluctance to sell, inability to hedge and affinity to dca too early when the market starts tanking... also fomo/buys in too early... your example 1st and 2nd entry... buy and hold 2 years without "making money" is not good use of funds... yes i know, i get it... buy tsla because you wanna own a piece of it...

anyways, dca in itself is not a bad thing... just be cognizant when to use it lor... anyways...

drawdown means bought too early... if waited and only dca near the bottom, would have minimize any big drawdown and with the limited funds own a bigger chunk of the business and/or hit accumulation target faster, no?... objective is the same... just that execution is different...

but if market don't come down i lose out big time...how?... yes i know the dilemma

anyways trader or investor... end objective is same... money... just different methods of accumulation and different exposure to risks

ya... always have a checklist and your own entry and exit rules... and before you enter you should have an exit idea...or how much/when to dca before you call it quit...

but if 99% confidence...


This post has been edited by dwRK: Jun 26 2022, 02:41 PM