Yaloh... first... I really did not think it will LU satu kali lagi....

anyway... I could never do this type of trading la...
very lousy ...
I do not have the balls to say...
jump at 2.50 and use a Cut Loss....

that's me...


waaaaa.... 15% CL?
kinda big....ya...



LOL!!!!

Love your disclaimer...

I am worried.............................

ps:

Just checked...
My fake trading record shows I can only get close to 35% winnable trades from such situations....

Yes on my fake trading...
I do categorize the type of trades...

This one would be under 'Chasing limit up stocks' .

Nope. It doesn't.
Which is why I had said I paper traded for many years.

Yes, basically on many kind of situation plays.
And for falling down stocks.. sometimes there are variations...
For instance, recent ones...
Hovid - down for license issues...
and then u have those falling down due to drastic shortfall in profits....
it's all not as straightforward...
as you would have noticed the case in the sharp rebound in JAKS. (I would usually get such trades wrong)

So basically, you want to test out your own skill set.
Not everyone is the same.
Your strong points could be my weakness and vice versa.
What we see is finding out what we are good at and what we aren't.

Armed with such knowledge of ourselves, then only we can plan how we can trade better.
So if we are lousy at say...trading breakout stocks... then our trading strategy needs to be different, yes?

anyway... just saying only la
this is how I see things...

and what I like or no like may not suit you, ya.

No problem.

If just judging on the WE itself..
it's kinda difficult to call...
at least if you look at the mother share..
u can see that some sort of a new uptrend is being formed...

anyway.... GL!

Another good category is Vivo.
Remember?

Put it under stocks that enlarge their shares into mulit billion shares.

gark

Paper trade entered at 895 today.

takoc

Many fail to take into account the NOS issue when they trade.

Some penny stocks are gorzilla size stocks...

Like this also have to ask again?

Fake one laaaa.

Err....

1. Remember it's fake.


ie i DID NOT put in any real money.


2. Follow the posts from start la...
Kinda describe it pretty much in detail already.
If dunno maybe you can ask Ah Gark.


3. Just an example... in which... I hope you folks develop similar exercises.


This is very important.
A lot talk like smarty panties..

Stock market is real and people win/lose with real money.
Paying tuition fees is downright stupid.
Prepare yourself..
Learn your skills well..
Know what you are NOT good at...

and you do all these with fake trading.

No need to feel shy hor

Hahahaha...... lazy eh.

I waited quite long to enter.... yes?

remember...

wait to buy...
wait to sell....
in between..... wait.


the other day that link quite good what...
if not, search for IBD notes on C&H.




anyway... I will try to post immediately my fake sell.





yup... everything is bruff one.

ps.

I believe in flexibility.
If I just entered a trade...
I keep my options open...
most important ... I would like to see how the trade develop...

Go look for the book 'How to make money in stocks' by William O'Neal.

There's a chapter called 'When to sell ....' (hope I remember the chapter name correctly)

I HAVE been talking/promoting about PAPER TRADING a long time.
If you doubt me, here's just one posting made in 2013.



Yup, I had been suggesting to all newbies to do paper trading.

Why?

ANSWER this.
How does one know what's their best way to play the market as a beginner?

Is one a CONTRA player? --> * the sure way do die *
Is one a TRADER?
Is one an INVESTOR?
Is one a PUNTER?
Is one a SPECULATOR?

What kind of trading?
Trading on waves?
Trading on trends?
Trading on breakouts? etc etc

What kind of investor?
Value investor?
Growth investor? etc etc etc

With paper trading/investing, one gets to prepare themselves.
Find out what's good for them and find out what's their weakness.
They then play the market using their BEST skillset.

The alternative?

Every mistake in the market equals money lost.
So a beginner should jump in and just lose money all the way, while HOPING to discover what's best for them?

Yeah, just punt man.
It's OK if you lose money.
This is tuition fees !
Everyone pays tuition fees!
Yeah, and just make sure one got LIMITLESS amount of tuition fees to lose....



Back to what you posted.

Paper trade in Bull market > total boost self confidence

==>> Everyone wins in a bull market?
How about the UGLY truth?
The truth is a lot will lose money trying their luck in a bull market.
Without fail, many will be seduced by a RISING market.
The success stories they hear from their friends will only prompt them to JUMP into the market.
Without preparation, such as paper trading, literally they will only playing the market based on HOPE and luck.
Many will fail and LOSE money.


Paper trade in Bear market > give up trading.

==>> If one wants need to be good in the market, one needs to learn to trade/invest in every market conditions.
I paper traded for many years. Yup, and one of the best learning market conditions to learn from is the bear markets.

Paper trade in Bull market, and get into Real trade in correction > OMG.
==>> What does this actually say?
Answer? One wasn't ready.
If one paper traded correctly, one would know the market conditions before they traded.

Paper trade in Bull market, and get into Real trade in Bear Market > OMFG!
==>> Let me copy and paste my answer again.
What does this actually say?
Answer? One wasn't ready.
If one paper traded correctly, one would know the market conditions before they traded.

in a bear KLSE market all longs get slaughtered, and you won't dare to short either (as paper trade never prepare you to short it), shorting stocks is a complete different ball game. that's what it means.

If it's a bear market and one cannot recognizes it?
Well, it doesn't matter if one had paper traded or not, one should not be in the market in the first place.

when a trend change, even a small corrections, breakout/contra/short term traders accounts are flushed out. No matter how ready are you, you depend on bull market, while avoiding corrections.


Trend always changes.
That's a FACT!

Now simple question which ULTIMATELY ANSWERS your issue about paper trading.
Who is more likely to recognize, who is more prepared to handle, who is more equipped to handle such changes in market conditions?
One who has prepared and paper traded for many years?
Or a beginner?

...using your argument....

this begs the question, how to know what and how to apply, if you don't even go to school?

Hahaha.....

And i was just waiting when the different strokes, the black and orange cat was going to come out....

Of course....
One CAN always choose to learn from hard knocks...
Just pay the money lor....
Just make sure papa and mama got few container loads of money to support whenever one loses like hell.

Oh yea...
This girl I knew...
She always wanted to be a trader...
Traded 5 years....
Lost like hell....
She studied all she could about trading....
Then she stopped trading....
She started investing instead....
After just 3 years....
She managed to recover all her losses....

One thing she said...
If only i knew and accepted that trading was not for me...

Well....
Would you go her way? (Lucky she got sugar daddy support)
Or would it better if she found out via paper trading that trading is NOT for her?