remember this one ?


CMMT price is now 81 sen vs those posting price of 1.04 (posting made Sep 2019!)

DPU for the period is 0.98 vs 1.71 a year ago. Massive drop!

Cut loss right away!!!

And yes it did. So?

There are literally hundreds of stocks one could trade. If we do not weed out the literally garbage, all it means is that we are accepting all kind of possible shenanigans in the stocks that we trade. In the case of LKL. Did you see how much it flew? Was there any justification? Or how about the other garbage stocks that flew? Garbage stocks cannot fly?

Like it or not... my opinion remains firmly that LC Titan is a garbage stock that one needs to avoid like plague. And it remains garbage even if it moves higher.

In theory, share buybacks are good but then... stock market is full of sharks... as it is a known fact that these sharks abuse buybacks for their own benefits. Hence, it is a risky guide/indicator.

Same as trying to use epf purchases/disposals as an indicator.

Best you develop your own person setups.

Quote : It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

From Reminincse of A Stock Operator...

Quote:
In the end, time in the market is what counts. Legendary investor Charlie Munger from Berkshire Hathaway sums it up best, “the big money isn't in the buying and selling… It's in the waiting.”

Your position is understandable. Based on your valuation of the stocks, you feel that the valuation is way too rich and you fear the reversal of the stock.

However, you do know that I am a trader, right?

For me, I am well aware (and have been so) that we are in a rebound euphoria... and like I said b4, when euphoria hits, stocks can trade at crazy, crazy valuation.

LOL!! Not yet buy?

Yes, yes of course the retailers have gone wild. But if you bought early... wait la...

That is a fact.

In fact, it's the millennials market...

You can see from your stock market trading platform....

sample screenshot just taken ....

well... well ....

finally a good time to take profit .... signs are finally there.....






Done and dusted for the year.... a very good year!






This post has been edited by Boon3: Jun 1 2020, 06:34 PM

You could pick up some pointers from older stock books like How To Make Money from Stocks.

Huh? I just checked...both traded all day.

Both stocks went limit up, which is why you see the 'flat line' on the intra day chart.

Develop your own setup with having your own buy/sell criteria. Never let emotions spoil your setup.

... I do have to admit the euphoria got to me most of the yesterday.... decided to do a bigger scan on the sector later in the afternoon and realised that it was time that I got off me sitting on my ass .... yes, there were a couple of signs and the obvious one of course was too fast, too furious, too soon... if that was the only factor alone, I probably let it slide.. and the other couple reason was the gravy train was grinding to a stop and of course there were some signs of distribution ... classical signs of climax in a rally..... but the main one was I was missing out the eruption on the top (pun intended hahaha)

that eruption.... was the nail in the coffin ... imo.... that the climax is near and in such situations, it has proven time and time and time again that the best course of action is that the stocks should be sold.... without hesitation.


ps... just sharing the couple of things that I wrote in my notes....

1. in a frenzy, valuation is just a foot note. It is what it is. If based on valuation alone, a trader is most likely to leave a huge chunk of profit on the table.
2. in terms of risk, there isn't much really IF and IF one got the buying in correct. The right buying solves most of the problem. It still held true here.
3. WAITING. waiting again is always crucial. Patience is really important for one to sit tight and do nothing. Never sell JUST BECAUSE there is a profit to take. That is always the worst thing to do.
4. in a sell off, there is always good profit to be made. All is needed is one good trade. Find it and sit on it. And yes, look for the sexiest story that can be told in the sell off. If it ain't sexy to me, it won't be sexy for others... all is needed is one good trade.


cheers

see reply I made to ChAOoz

LOL! Got to say thank you!!

Really. Thanks to you I made another review. I was simply caught in the euphoria and missed the danger warning emitted from the eruption on the top.

Yup. Like I said it's the millennials market.

Those postings started from that one post on what homework I would have done during the start of the crisis, ie betting on the glove sector. It's still the same play. One swing at the bat. That's all. Now if I had to swing, it was either one of those. Why not Kossan? Fundamentals wasn't attractive enough to be considered. If you wanna bet, bet on the top horses. It will payoff.

And when I did the sector scan, I only looked at those stocks to gauge the sentiments of the sector, although I only swung at one of them.

That's how I fish.... and pls don't ask which one. lol.



Anyway, do you see how simple it was? You don't need to trade 4 or 5 stocks. Just 1 will do. Get it right, sit on it.... and then you are done for the year (or until the next opportunity). Bottom line, trade less. Do not over trade! Bet on just one. Risk is really the same...

ps.... market sentiments is ... really bubbly. A lot of newcomers playing... millennials ... talking ayam... lol ...
try not to get caught up with the frenzy, ya!