always trade in bigger lots. since homework is already done, just trade according to setups. that's something i need to learn.

Bro, you wanna try another bat ?

Can look for Semicon / Tech

I've been camping that for awhile after exiting glove, i think their run could be soon

The market is simply bubbly. Lots of millennials playing. Lots of returning players. You can see stocks played up based on ridiculous reasons. Bubbly.

So yeah it could worth a shot.

Me? Not doing anything. Just relaxing. Good luck though.

Lets see the parallel between San Fran 1906 earthquake and now is the same or not. If you were in Livermore's shoe, will you short this recovery rally ?

I am no Livermore lo. Never will.

On shorting. Paper shorted on several occasions. Results were never good. Roughly about 48% success rate or rather 52% failure.

So nah... I won't be shorting. Not my cuppa.

https://www.cnbc.com/2020/06/08/the-us-ente...2xMl0lue8gbGCjo


That is why you never ever want to do silly things like selling your stocks before recession. Such confirmation (economic figures) are so lagging that it makes no sense to make your trading decision based on such indicators.

You watch and pay attention to the tree and not the forest.

Same with selling just because you think the market would crash.

Ah Billy, I am a picky trader. I trade only when I see a big killing is possible, if don't have, I just sit and do nothing. Yup, ask yourself, is there meat in the trade? What are you trading for? KFC? Aiyoyo.. that's the sure way to die. The profit potential must always, always be bigger than the potential money you will lose when you screw up your trade. Win big or do nothing la. So when I swing, I really swing for the fences with a big fat bat. I do not mean to simply trade anything. IF THERE IS NO MEAT, DON'T TRADE. Many, many will fall here cos they try to trade as often as possible. I don't. I wait. And if it comes, I go big. Get the difference? If you bet big just trying to win a KFC or iphone, this is one successful way to lose money la. So don't simply simply big, ok?


Trading setups? Aiyoyo. This is a must mah. The very basic thing. You need to define your strategy. Like going to a war. If you don't have your strategy, how to win the battles? And if you keep losing battles, sure you die la.

Your trading entries.... do you have one?

When to sell the stock for a profit? When to sell and take the loss?

Do you or better put ...can you stick to your trading plan?

If you don't plan, how to win a battle? If you don't win the battles, how to win the war?

personal update.... the blue line indicated when I last posted the chart..... ( ref post #2200 )


vs





vs





vs





vs

exactly. That's what i told my friends about having a plan. or else, just sit by the side because there's no use going to the war without a plan.

Yeah, i do have my own trading journal and plan. wrote in details on the entry point and when to take profits with sufficient rationales from FA and TA standpoint. have been paper trading since you told me about that many years ago.

but, again, what works for me is buy & hold and out of the stocks I own, it works (except a few, which kalah d, killed by the crash in 20/3 which I shamefully admitted that it's because of my lack of monitoring due to some personal issues )

after spending the time needed after the crash to read on QR/AR, bought the stocks which I have monitored for quite sometimes and that's it. I've been sitting very still since mid april till now. Even though the drops on these two days just wiped off my month-paper gain, I'm still sitting comfortably on green.

after paper trading for long, I'm still not confident on trading. started off reading things from the investing's perspective, realizing charting as better entry point, trying to mix things up a lil to hone the skills. trying to improve my winning strategy, however, the more i read, the little i know, hence the journey continues.

The whole concept of paper trading is discovering what is good but most important what is not good. Stay away from the things that we sucked at. Bottom line is making money and not trying to win every single trade, every single swing.

If buy and hold suits you, stick to it. Understand your reason why you are buying the stock and understand when you should sell the stock for a loss and when you should sell the stock for a profit too. Know when you should sell. Buy and hold is ok la. It's still like trading but on a longer time frame.

ps: I am still trying to learn more everyday.

May I ask why kossan FA wasn't attractive enough?
The profit margin is second after harta
Their earnings and dividend payout is consistent
Its was the dark horse few years back.
Their utilisation factor is second to harta

Unless what you mean is not attractive enough for trading..

LOL. It's over for me La.

See in a sector, which one to play? The answer is always to choose either the top 2 la. Harta and Comfort was merely included to gauge the sector only.

Ps. It was a pure speculation play. Glove stocks have so much yucky issues.

Gave it another thought this morning.

Betting on dark horses, the second or the third liner, on the average it really, really never pays as well as the top players.
Top stocks in any given sector is top is given the top rating because it outperforms, in terms of share price movement.
Firstly, now we are in this to WIN money right?
right?
Yes, I know, this is a TRADER thread and I am a trader ....
BUT..................
does it really matter? We are IN the market to win money and for me, it doesn't matter if one is investing or trading, most important for me, is that we can adapt the best strategy that helps me win money consistently in the long run.

Now the reason to be in the glove sector was mentioned CASUALLY in the following posting #2123..
please do READ that....
now if one is ok and assessed all the necessary RISKS that the SPECULATION that glove markers will once again soar, like it did during the SARS and one had realised that the top stock in the sector SOARED, then what's left is to choose which stock.

My principle, one sector, only one stock. That's what suits me. Whack it all. Doesn't matter if one says I'm putting all the eggs in one basket. YES, normally that's not the wise thing to do BUT if one had assess the risk properly, why not? All I need to know is when to know I am bloody WRONG, admit it, and cut my loss. Most important, I must know where and when my exit strategy. The risk is all the same.

So choosing the stock. I must not be lazy. Open the situpid charts and check. Exercise my fingers. Which one outperform the most during the SARS era?

Again it points out to TOP GLOVE and SUPERMAX.

One of these two..... easy pick. I asked myself which one did I dislike the least... lol...


Now looking at the current result...
TOP GLOVE how many baggers?
SUPERMAX how many baggers?
aren't they big, big winners?

Look at Kossan... yes, it has performed well but has it even doubled its price yet?

So once again, the results show.....




ps...in the next few years, if another pandemic strikes, would I consider Kossan? Sorry answer is no. It's a second liner... and second liner usually comes in second.
Just applying the basic law of average.....

That day the posted chart was like this macam....



today the chart is like this macam...



macam macam update la.....

This post has been edited by Boon3: Jun 17 2020, 03:19 PM

so how?

can buy or not?

Just making sure you are awake......

This other share is also interesting... slightly the same as ARBB but not quite the same...

AT and AT-W

AT price 12.5 sen.
AT-W price 5 sen.

conversion is 1:1 priced at 0.035 each.....

huge premium and it's fairly 'newly' listed warrant....
yeah... AT is losing money financially atm.... LOL.... but given the huge premium percentage ... there is yet a conversion to ordinary share...
so either AT is grossly overvalued (lol... how many really care valuation for such low price penny stock) or the warrant is grossly under priced



just notes only and is not a fluckin' stock tipsy...
so if mabuk dun point and blame....

Anyone here has a good record using fibonacci?

Ahhh.. I see. Good write up👍

Do realise what I mentioned is based on the assumption that one goes in 'early' at the start of a sector play and at the moment, risks are so much higher playing these glove stocks.