Didn’t expect such a big drop.

Thanks. I have sold off almost everything earlier. Still slightly wounded.

why sell to realize lost?

Protect capital.

Protect capital.

On occasions like these, it helps protects your sanity too!!

It's good to see you have developed some discipline.

i see, i suppose so considering your username as well. 

I suppose your username reflects your current emotion towards the market as well. 

Learnt from past experience. Well.. there's a lot more room for improvement.

This is probably asked in the past, but any traders here daytrades the HSI?
Looking for fellow traders for idea sharing.

52 weeks highs/lows are probably the most absurd indicator to use.

Consider this.

1. A stock on a bull run. Hitting record highs.

Won't it be hitting 52 week highs constantly?

Now if one use this as indicator to consider cabut simply cos the stock is already shooting highs and that it would most likely retreat its share price, won't one be selling one awfully short?

2. Stock on a bear run. Runtoh rumah. Plunging down.

Now wouldn't the stock be hitting 52 week lows constantly?
If one buy, then how?

Karex had constant 52 week lows not too long when it plunged from 2+. Karex today is less than 50 sen.

3. PBBank was hitting 52 week lows when it hit 22+ last year. If use this indicator to buy........ How?

My take? Throw this stupid indicator in the longkang. Stock hit 52 weeks low for a reason....

Regarding Mayban....
The strategy...

First. To have a target of 10... for me... it's right off the charts. Which means ur strategy is dictated by the chart...

If that was the case, the buy is supported by the fact the stock did have a support of around 8.50 recently. However how strong of a support is that? I for one, would be worried of the immediate down channel which is looking rather prominent.. Can u see that channel/trend?

If basing on this I would be asking if the risk/reward justifies the trade. Doesn't look like too much meat there....

** here is the chart **

[attachmentid=10328165]

**addum**

so if one buy at 8.50 with the target set at 10, the potential upside is 1.50 or about 17% ...
and the stop loss? 7%? 7.5%? 10%?
The gain is not that much , yes?

Yeah dividends can help... but then this is a time factor issue where if it was me, I would probably factor in other stuff...
for example, previously at 10, Mayban was trading with a trailing dps of 57 sen or a pretty generous 5.7% yield. Yet here we are, despite that generous 5.7% yield, the stock is now at 8.44 and the yield is 6.75% (higher yield due to the falling stock price). So definitely the dividend doesn't seem to help the 'investor' at all. Of course this could drag on forever, if one starts insisting by holding the stock on a longer time frame, such as more than one year...  but then... this would have gone against the initial strategy of betting to win 1.50 from this mayban trade, yes?

The meat in the initial trade isn't really that fat in the first place. Now if I have to hold it longer, then my compounded returns would be down for this stock play....
and then what about the DRP factor if I were to hold it on a longer time frame? Would earnings dilutions  be a factor (I have yet to look see into this...so... )

~~~~~~~~~~~~~~~~~~~~

Stocks are priced to its future prospects... right now, the banking sector is not looking too good as global banks are cutting its rates. A lower Opr from Bank N would cause lower loan interest rates which means the risk is that Bank earnings would decline in the near future. Less earnings would means the possibly of lesser dividends. Adding to its problems, its already been reported that loan growths are already declining...

So.. atm.. I would not jump in.

Just sharing la... I could always be wrong by being too conservative....

And this ain't an attack.

Is today session dead cat bounce? Hard to analyse this these situation. Anyone can share their view?

Why? Cos I am not making the decision for you.

Look. You have one in the manufacturing business while the rest relies more on contractual businesses. So logically, if you do not want to go heavy in one direction...........

@Boon3

I don't get what you mean by this. Mind to elaborate?