I got no answer for everything one...

BJ Corp?

Immediate term things are looking rosy...



However, if you zoom out...



and further out....



I dunno... do you think that this could finally be the great BJ Corps revival?

Need to zoom out so many years? Will the performance of the co in past few years affect the future price?

I thought the recent catalyst or bad performance/news are the reason for price movements... hmmm...

As Boon3 started off with trading tips, I'd like to add this article to the discussion:
101 day trading tips
It's a list of 101 day trading tips meant for beginner to medium level traders.

Hope this helps

Many times you don't need to see so far back.
But when you 6 C ....
One cannot help but note the deep downtrend of BJ Corp.
It was literally rolling down the hill for so many years...
which makes the 2nd chart more significant...
as it places a massive doubt if BJ Corps can get past the 43 sen resistance...

anyway that's how I feel about it...
even though as it is, the current immediate outlook is rather bullish....

Boon, wanna ask for no1, how far do you chase normally? (applies to any breakout stock). And no matter how high one chase, for this stock, the stop loss should be around 2.48 right?

For no2, if wait for consolidates, the stop loss will be different and the price usually won't be around the breakout price already right? Unless it pullback ya?

I think can put this disclaimer in the first post to avoid any blaming or etc things happened

p.s: haram after 5 pages only i realize got this new thread =.="

This thread by invitation only or anyone welcome? Must be expert only or kindergarten level also can join?

Not feeling sarcastic rite now....
So dunno what ..........................................

1. Dunno how to reply you.
There are so many ways to thread a breakout.
Did you try google?

2. You answered yourself, no?

Good answer, ya?



LOL!

Harloo ..

Paper trade laaaah.

What's wrong with paper trading?
Feeling too egoistic?
Feeling rich and silly?
So rich that you feel like its OK to trade and trade and trade with real money and not giving a care to any possible losses?
You wanna be one of those who lost more than 100k in the share market?

See..
For 1.
ONLY by paper trading, you GET TO DEVELOP your own trading skills, YOUR VERY OWN TRADING EDGE.
You will learn which is YOUR BEST OWN PERSONAL method to trade a breakout.
And you will learn which method causes you to make the most mistakes.
REMEMBER not everyone is the same.
MY SKILL SET and yours will be totally different.
I can read you how to trade this and that off the books but if those methods do not suit your style of trading, what's the point?
Say if my trading is based on a longer time frame, my method of chasing a breakout will be different.
If you are a pro daytrader, your method of chasing the breakout will be different too.

YOU WILL ONLY DISCOVER WHAT'S YOUR BEST SKILL SET BY PRACTICING VIA FAKE TRADING.

and the best part of the exercise...
it doesn't cost you a shit load of money when you make a mistake.


fyi .... I STILL DO FAKE TRADING.

You better do all real trading lah, so pro already.. can make billions...

Haha, well, i ask because sometimes thru asking, one can learn much faster lo. Of course if you state your method, is still up to me to either tweak it into my method or analyze that is it suitable to me lo. Of course wont blindly follow lo

Paper trade or what not, one should be continuously trade with an open mind to learn and may/may not change according to the market lo.

But still, i thought my question no1 is a simple question which referring to 'your' method lo. Haha google lain cerita liao ma T_T

I also get it if you prefer not to state your method wan ma...

I always try to improve myself, which is why I still do fake trading.




I see you use indicators in your graph.
Err... for you... right now... it's OK.

But just remember do not over rely on them....
else nanti you say... charts no use.

Yes... sensitive issue.



If you are a trader long enough, you should know why.


Most important...

if you see 3 or 4 methods...
try all these methods out extensively...

And as you know...
there's not one method that can work in all kind of market sentiments...

so when you do testing...

test out in bullish market/bullish but sideways/bearish/dead etc etc etc...

there are times...
some methods will work only in certain market sentiments...

Indicators? Like rsi, 20,50,200 ma..

Never really see or use them.. just know about it only.

Hahah.... you can run, but you can't hide... I'm here to haunt you again...

I figured it out. Boon3 has shares in paper lama / recycling company. That's why he promotes paper trading....

I think you can look at them to see if it fits in with what you are trying to figure out with the charts. No harm using them as a guide but not as gospel truth.

So far never use them before.. mostly use volume only...

Fuyoo, glad that Boon opened up a trading forum.

All newbies here are waiting for your guidance Sifu!

Remembered me asking you for tips last time ?

One of the main reasons some people don't like indicators is that it is based on past data. For example, when you look at moving average, its average from past days. So it mainly reflects what has already happened in the past. It does not clearly indicate what will happen in the future. So its mainly indicators to possibility of what could happen in the future given a certain set of circumstances. But those circumstances may not happen and could change as no one knows what the future hold for sure.

Volume is seen to be more useful as it shows the supply and demand which is what eventually affects prices. Its more about the present, rather than the past or future. The present is what counts as we can see it happening now.

Again, everything is just a guide. If there was a sure-fire way of getting it right all the time, everyone would be doing it and making money all the time.