I always enjoy your writing.. 😆

Biggest in the world does not mean kacang if the said company cannot produce good earnings. Yes, earnings report is important and if one buy and hold and HOPE THAT THE MARKET WILL CORRECT THEIR INITIAL INVESTMENT/TRADING MISTAKE will only find the market is a cruel sadistic sob who doesn't give a hoot about you.

Yes, having strong conviction/belief in your own research and strategy is important, very important as I very much believe in it too but I also find it extremely important the extreme thin fine line between having a strong conviction and being utterly stubborn and what kills in the stock market is being utterly stubbornly wrong.

Imagine one bought Karex around 2.00. Price now?



All the patience would not help one single bit. One should have admit they are blardy wrong to buy at 2.00 and should have cut loss long, long, long ago. There's no shame in cutting loss. It's not a blardy sin and don't die foolishly listening to others.

And averaging down? Yeah, and some call it dollar cost averaging. LOL! I only call it BUYING MORE OF YOUR MISTAKES.

Anyway, for Karex, at 2.00, how much can you actually average down? Mind doing a real count?

Oh, the stock is rather active today.



How?

so you only invest in mid to small cap? you don't buy large caps / bluechips?

PB considered good buy? Its lower than 52 weeks low already, and Maybank has returned upwards. Why is PB falling so much?

what you think?

Of course have to be patience, the best is yet to come 

Don't know whether it is currently having sales, or market is overpriced.

Revenue of most company is dropping, amd the virus running wild. I don't see any good opportunity in buying to trade at the moment

sakit.
Most of my holdings all paper loss 15-20% already

T.T

Wow. Market crash boom boom.

Didn’t expect such a big drop.

Protect capital.

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?

@Boon3

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

Ic. By sector, you mean contracting and manufacturing? Does it matter? Cause I see it as they are in different industry.