Never ever rush to be a trader.

The good doctor studies for years before he/she makes their first RM.

Same with lawyers.

Same with engineers.

So you think a stock trader can just trade just like that and treat all losses as educational fees?

Learn well, practise well before you trade.

The emotions part is way over rated.

Protection of capital and understanding of risks is far greater importance. Many lose money in a blink of an eye no thanks to advice given that they need to trade for real with real money to learn. That's like bringing lambs to slaughter.

Yes, strategy is very important. But how can one know what is best strategy that best fit them without the thousands hours of practice and self discovery?

So say one practice for years b4 they traded with real money and once they do, they lose due to emotions of not able to excite the trades correctly or as planned. They fail.

However, from their years of practice they know that it is paramount they learn from their mistakes. Right? if the setup is wrong, they need to figure out why.

But if it was their emotions that failed them then right off, they should understand the bare facts that perhaps trading is not for them.

Now... compared the other option....

Well, if you are trading based on momentum, why not? Worth a bet, yes?

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However, I do not like this stock...
Haha... rather conflicting, ya....

Of course!!! 

Whatever the sellers threw out, the absorption clearly was visible. Hence the bounce was just waiting to happen.....

I dunno leh....

Anyway, good luck to you and Daniel on this trade 

Well done!

... but too early on the selling part...

Oops.. and yeah. 0.3+ is probably possible....

*that's my initial thinking too but such opinions should never be cast in stone... *

Anyway, for what it's worth, here's one that got some promotion in the media recently...


** The before Oct 2018 chart doesn't hold much for me. This stock used to be CWorks. There is new players in and new business. So previous high all doesn't mean much for me **

** for all it's worth.. here's the bigger chart... **


Opinions...

the current story (searchable via google, does tell some fancy dizzy numbers ) plus report from CIMB (ahem. macam macam hor) and then got some private placement planned and then there is some profit guarantee.... all helped (in my opinion la) pushed the stock to breakout from its trading range...

which is interesting...  since one is looking at a relatively clean company now, some little bit of cash with almost no  debts ....

well, how would you view this?

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No problem. Image was loaded on flikr.

Yup. Risk is certainly there as in all other stocks. Anyway as mentioned before the left side of the stock chart wouldn't hold much for me as I would consider this as a new stock. (so previous high, not accurate) The stock has its sexy story with it being in the fintech sector. So what would be interesting is its next quarterly report. As Tom famously said 'Show Me The Money!'..

15.9 Billion shares. 
This now big the shares is after the rights issue. An insanely monstrous share. Perhaps good for day trader scalpers.

Oh just for your info my dislike for Sapura or SapuraKen goes way, way back when it was crashing and fell to rm 3.20. Yup 3.20.  And because I am very selective and my trading frequency is extremely low, I just have so many stocks that I will not trade no matter what. Armada is one also...

Yeah... my weakness ....     

I do have a good example. There is this company called Globaltech. Smallish ultra penny stock. Now through various stock splits etc, the company shares base grew larger and larger. Now I am guessing that the boss reckons the smaller their share, the market punters would want to punt their stock. But they have one NOT SO SMALL problem. Their share base ballooned to 5 Billion shares!! How to really goreng the stock?

Now recently, they must have gotten wiser. They did a reversal and did a 20 into 1 share consolidation. So from 5.3 billion share base, the stock is now 269 million shares!