Hope you don't mind me asking.....

1. Do you think it's important to have your own trading edge?

ie ... you ant to trade in such a manner, that you know it is best trading method, where you have a decidedly much better advantage than others?

2. If so, won't listening/following/reading stuff from this old fart, where he had been proven to buy, promote what he buys (he does it by writing) and then dumping?

3. His track record of failures is quite long....

4. His track record of people following his recommendation and getting burned is LONG too ....

Therefore .... a friendly word .... avoid at all cost .... well, that is if you want to be a good and successful trader yourself.

anyway just my 3 sen opinion and you have the rights to disagree completely. LOL! Cause many time I simply talk ayam one. 

TopGun ... current ...



'If' you have it...

1. where and how would you plant your exit?
2. what are the sell indicators to look for?
Here are some things that I see...

1. UPTREND of course is intact lor
2. That candle on the 4th ..
3. number of hitam candles is getting more ....
4. the low current volume ...


nothing too conclusive imo  ......

Did not see your posting

Some 1 mentioned to me that despite the current lower volume is OK because one should have taken into consideration that the current price is substantially more 'expensive' compared to say 2 months ago...


as it is ... uptrend is still there ...... 

SuperMan .....
   

Gold .....

Historical chart ....



Weekly chart (do not recommend the daily chart ... too much fluctuations...



and obviously it doesn't move up in a straight line...

The reasons to buy or go for the gold rush has been there for a WHILE already la...

Going for gold now just because of the 2000 mark ... err .... (best I not describe it la )

Anyway take this article posted almost a year ago... yup .... one year ago .... 20th July 2019

https://www.thestar.com.my/business/busines...o-yields-spread
Yes... it was around USD1450++ in July 2019.

Obviously ... jewelry sector will have its benefits but is seriously over rated and should not be used as the proxy to gain from the gold rush... past gold rush in 2009 proved that. The jewelry sector did benefit but it's not seriously gonna rival or match the glove sector profit explosion. Get real lor....

the sector was goreng recently until mummys and daddys cannot even recognise and it collapsed back.... it will be so risky to expect the sector to go boom boom pow again la.....  unless of course you can convince the bursa goreng kaki to start simply frying once more...

yes, there is the gold etf and it has done relatively well the past one year.  Buyers of the ETF would be happy...



but the etf will have its risk....

and the main one ... it's illiquid .... the buy/sell spread can be really huge at times ....which poses a massive challenge if one wants to sell instantly.

So best is know and understand what you are betting on....

Exactly! But recently the spreads improved ..... 
Well, one could consider those pure gold miner stocks listed in cowboi land......

Kena trap b4 issit?
Never buy any etf b4 .... 

Sorry went for a morning walk...

not much view on it ....

I had SuperMan on my fake trade cos technically it was a sell and I wanted to see if I can catch a trade based on 'the correction had been too much too fast etc'...
well... i didn't catch a trade .. even for my 555 book.


I really got nothing much to say...

more negative on the bonus issue...
this is what I am guessing...
once it goes ex and the price is adjusted...
those few days... it might see a pop but once the bonus shares are credited into account... i think could see the stock actually slide...
size of a shares matters a lot for me....
big shares stock is much harder to move .....
compared to smaller size....
stocks like TG will be a 8 billion size listing....
it's not gonna be easy to move ....

No gloves....

there's a silly one.... bought Maybank EXACTLY at 7.50.... according to one... can buy for divi and then sell right after EX... test lo 

Got one entry of Ah Lian at 1.39.
Why? Cos I find it strange the market thinks that the stock doesn't exist...
Am actually looking at one stock....
but that bugger....
dun want to show me where it wants to go .... 

The theory was buy at that price, get dividend and sell after dividend go ex wo .... 
maybank for me...
good company...
but there as a stock.... mmm mmmmmm....  not sure if can make money...
no meat laaa.....

breakout of the upper trend line ... is not necessary a good thing ... we saw it in TG .... no?

this one... multiple flagpole breakouts... 

very nice ... but you might have to be  a bit cautious with the declining volume.... 

Why would one say, go up but declining volume not good.
but the other would also say go up but with huge volume also not good.

What is the ideal scenario? Can help enlighten?

You did not google..... the right phrase .....



If you look at the formula... it doesn't mention Volume at all.....

therefore ..... 
it can gets really messy with the indicators....
cos sometimes, when rsi points overbought...
it just means its over bought and it doesn't mean the stock will correct there and then.....

same with oversold....
and there are situations where the oversold stock can remain oversold at a longggg time.

Lastly, the RSI setting can be adjusted ....
.... best you don't touch it until you are fully comfortable with the default setting first....

after that go search 'fast rsi setting' ....

this one ... good read => https://tradingsim.com/blog/relative-strength-index/

Me? I lose far too many times than I win... 

   

yep, all glove counters prices may be capped now becos:

https://www.thestar.com.my/business/busines...-glove-industry
https://www.nst.com.my/business/2020/08/619...ngerang-complex

Posted earlier already ..... ok....... 

Volume is just an indicator, most importantly is the price movement and the chart shape. Speculative stock (Penny stock often appear in top 30 volume) and fundamental wise stock has different chart movement.

If u look at those penny stock, when consolidating time it appear a huge volume, price did not move at all, then your time is wasted if u enter, the best time is to enter when break out. When it up another 50-100%, then the volume increasing, when it reach peak, the volume is huge until share is trading about 30-40% of the total shares, then at this time u need to consider to sell all the stock because u don't know when it will peak.

But then the above stock cannot apply on other stock, quite often those fundamental good counter hardly can trade above 10% of total shares, so when price move up and volume declining, it could mean the shareholders is holding the stock tight.

In summary i would say wary of the stock appear highest volume when the price is at peak.

As usual .... hard to warn others ....

Hello, yes. today I can see what you're saying the other day.

Can this be applied if we're looking at the 1min chart instead?

and also thanks alot for your generosity in sharing of knowledge.

yhtan

... the trade that was destined to lose... lose lor....
so let me post it here ..................


Time to mark this out as a loss at 7.42.

1. Although it's a paper trade, I shall strike the trade out at 7.42. A loss of 8 sen.

2.The whole idea apparently was enter the stock and profit from the interim dividend. Sell the stock b4 the stock goes EX.

and as personally witnessed in other stocks, such plays are risky. And in the supposedly most safest dividend play stock, this play failed.

3. The whole idea for the trade is just wrong and it would be even more wrong for me to start looking for a reason and turn the trade into an investment. Yup, although it's a fake, I cannot and will not cheat myself. Pointless ya.. Man up. Own up to the bad trade.

4. Habis cerita.