LOL!

It can keep pretty much addictive.

Remember these things...

1. Pay attention to the volume
2. Let the handle fully develop
3. The cup, should be rounded... too wide a cup (ie more than 2 years to form) , you better stay away.

Failed patterns is NOT RARE.

It happens.

And the biggest mistake (I see) is people tend to jump the gun...
They see what they think they see...
so before the pattern fully develops...
they are already masuk .....
and when the pattern doesn't form...
the losses from such a trade tends to be quite massive....

Haha actually i more interested to learn scalping.. but few rules to minimize losses

1. Stock I already own, must be very stable, and want to keep long term (divvy stock). Trade ~20% of the stock I have
2. If stock up, sell and wait for pull down, buy back = short sell, earn spread
3. If stock down, buy and wait to go up, sell = earn spread
4. If get stuck, ie buy but stock down, = no problem as I collecting on long term, collect divvy, wait for up later
5. If get stuck, ie sell but stock up, = no problem as holding all goes up, buy back lower later

Buy sell within 0.5%-1.0% spread.. but over and over .. can do? Need to have relatively big holding and capital..

But needs lot of time in hand.. so planning do that IF I have free time.. never tested on 555 book, but I see the daily movement looks like can do...

Warning : The above is my self thought theory, never tested before.. so don't try

This post has been edited by gark: Mar 10 2017, 08:26 PM

I shall let Ah Max answer you cos I am terrible and I suck at scalping.



*ps. if not careful... you might end up with a lot of stocks.
* I suggest many months of practice first.....

Yes plan to do it on stock I want to collect more.. but scalp on the way there. Earn extra money..

Any tips for short term charts..

This post has been edited by gark: Mar 10 2017, 08:43 PM

Boon3

hi boon, could you please interpret this chart? It looks like an uptrend to me.



This post has been edited by twhong_91: Mar 10 2017, 09:44 PM

一路向北

u mean the chart?

Can scalp

Tipsy:

Greenpacket: From sharp correction to a steady recovery back to pre correction price within 1.5 month



2 stock that just kena correction:
RGB


Ideal Jacob



Both stock missed improve earning and nett profit expectation last february result... id scalp this kind of stock. My sell point would be their previous high or near previous high

ya but it is trying to go higher but fail again and try and fail again..hmmm..

u know this stock? if u look carefully, it breaks new high then fall back a little, breaks another new high again then falls back now retesting its new high

1st wave rally yo.....you wait shark/insider profit taking/pullback first....u enter now they sembelih u

my average price quite low, 0.5620. top up quite a few times

Hmmm... no info on the chart, difficult to guess....
Looks like 0xxx though.

mcam fimiliar je chart pattern
apa stock name

VIS. haha

Its business is similar to vitrox. Vitrox has an amazing quarter result and has gone up these few days or week? Vis is gonna report its fincancial result this month.

oh VIS..i remember tht stock masuk newspaper togather with itronic and so on gap down few day

It also looks like an uptrend to me too...

I would not chase after the stock now...

at least wait till after Q report la...

ya, share price up too fast, kena UMA previously.

alright, thanks for your input boon3. hopefully they can deliver fantastic result.

How's Gamuda WE looking?