Today is a kinda good day for many of my stocks as KLCI breakout of 1585 ... but as I m writing now, DOW is minus 170.
Our next resistance should be around 1615 ... so, KLCI may pullback tmr (red-red) as today is the last day of month kinda shopping. So, don't be so happy yet.
Crude oil: Down by 2% due to higher than expected inventories report. Hmm ... bad economies, surely expect oil prices to be NOT sustainable.
Time to rest as was busy with trades today. Good profits too.
As Fong Siling (also known as cold-eye) is one of most popular investors in Malaysia, which huge followers ... he wrote few books on investing too(too bad, it is in Chinese and I could not read Chinese) ... it is worth to check on his holdings.
This is the latest taken from 2019 Annual Report
1. Salute #2
2. Superln #10
3. IQGroup #9
4. OKA #11
5. Genetec #4 : support at 1.04 now ... will buy some around RM1 and see how it performs.
6. RCECap #11
Awaiting for more 2019 Annual Report to update ... as he is holding Armada, JTiasa and such too.
Here I m showing the crossover of 10MA-20MA ... so, does that mean the trend is UPTRENDING now?
NO ... it is still a downtrend, but with the potential of REVERSAL of trend.
Myeg : Avoid as MA crossed, means it is going lower. We do not want to catch knives and stuck inside. I sold MYEG around RM1.68 as that was resistance ... we buy when MA crossed there ...
to understand these trading and check my LIVE trading, you may try out for two-months joining me in my trading group.
to join me ... contact e-mail : cpteh@yahoo.com or message me 012-821 0129.
add me to facebook only if you are joining me (otherwise ...just click follow la).
I m doing more trading in 2019 now as it is VERY volatile markets which is good for trading ... and now I m more into full-time trading than giving tuition!! Haha.
2019 : DO NOT buy-hold stocks as risk is high ... trade it UP. place cutloss.
2.10 pm: KLCI closed for lunch ... and down by 9points.
Besides Elsoft, I sold Revenue yesterday too.
From the chart, the previous peak was RM1.73 ... seeing it failing to breakout, I sold her off at 1.72 ...it closed 1.71 to form a shooting star.
Phew ... luckily I sold for profits.
Year right ... announced bonus issues, with KLCI red red also it gapped up in the morning to be at a new high, hit 1.81 and forming another bad candle!! Well ... what a risk-taker to jump in today!! I would wait for it to pullback ... see can get back RM1.65 or low.
Well ... at times, we read candlesticks and resistance ... we would sell if it is a bad candle.
Will check her after closing ... as it would be interesting that I missed the gap up to sell today, instead. It is ok ... we do not get all trades 'right' ... besides, selling at RM1.72 is still profiting.
to join my trading group, message: 012 821 0129 (not free).
Morning ... to Nasdaq moving. AAPL (Apple) at new high.
https://elsoftresearch.com/investor-relations/
This is Elsoft. It went up to hit 1.08 ... but then, yesterday around 3pm, many tech-counters experienced SELLDOWN ...including my Elsoft. Have to sell her off at 1.02. Will continue to monitor to buyback as now it is a good trading stock.
Morning ... Monday 21st Oct. DOW minus 255 points last Friday. BREXIT on-going to be in news headlines and HK protest on-going too. Yet ... we are saying BULL MARKETS coming in 2020, with speculations on US election where Trump is known as using DOW to gauge his performance as president (ridiculous and laughable haha). Well, making US great again means ... stock markets at new high?
8.25 am : DOW-futures at 26, 800 at the moment of writing.
What did I trade last Friday?
MYEG ... of coz. I posted here in the morning before market opening, right? It swings wildly and good for day-traders.
Myeg : I bought 1.20 and sold 1.28 ... i went 3 rounds and profited well.
later I will try to recall my trades in Myeg ... catching the knife well and get away with profits.
Good morning ... DOW flattish up 24 points last night. Nothing much.
DOW-futures at 27, 000 level ... nicely sitting exactly there which S&P 500 futures sitting at 3,000 level. How is that?
yesterday, I saw MYEG diving to break the neckline .... so, I alerted my group, in case some of them still holding. I sold at RM1.68 some months ago ... can refer to my old blog.
Finally ... I sold all ABMB and AirAsia yesterday.
ABMB : Nearing to resistance 20MA ... so, I sold her off to buy something else. But it continues to move slightly higher to close, last-minute ... at 2.86. We shall watch her at 2.92 resistance next. I won't be buying back as I m trading XYZ which I will share here too.
So ... I highlighted the position where I entered. Last Friday and shared it here ... for all to watch LIVE trading. Buy or not, up to you ... I sold ... if you want to sell or not, that is also up to you.
AirAsia : Last Friday .... besides ABMB, I bought into AirAsia in larger than usual position too. More confident this will rebound ... and wow ... it surprised me. 1.90 is resistance to sell, and I sold at 1.88 ...it formed a hanging man now. So, yes ... it is a sell for trading purposes. Move out and wait for the pullback.
Note : To know the next stock(s) I m trading ... one may join my trading group and I do share all these trading 'live'. But it is up to those to buy/sell ... I can only tell which one I m buying to sell.
Morning to bullish day yet again ... DOW plus 237 points. MACD crossed ... and I m still busy buying stocks, selling off non-performing ones ... selling those heavy ones to release funds: ABMB and AirAsia
So ... we are on day-4 of my updates in my ABMB and AirAsia trades. Do check on a daily basis if we are trading.
11.45 am : AirAsia at 1.88, hit 1.89 ... ABMB same level after doji (will sell her off and buyback on pullback)
AirAsia: moved yesterday ... sold 1st portion 1.79 and the second portion at 1.84 done. Will try to sell her off all today if bullish again around 1.90.
ABMB : Doji yesterday .. and see if I could sell-off all about 2.90 level today.
Note : Both bought on last Friday.
Will update later ... you need to click 'add fav' so that u could refresh ... or do visit me regularly here in my new blog.
9.40am : morning from UKM Hospital here for my girl's regular check-up. KLCI is slightly red ...
AirAsia : At 1.77-1.78, I m queueing to sell partially at 1.79 as I m heavy inside.
ABMB : still hanging around 2.81 level.
5.20pm : AirAsia sold 1.79 and 1.84 two parts ... last part to sell all tmr 1.92.
ABMB : still at 2.81 ... hold as I sold a portion at 2.78 yesterday. These are given LIVE in my group, ok? At the moment, sharing with the group about RISK MANAGEMENT ... and will write in further details in this blog ... for those few appreciative readers to learn.
ABMB: So ... I posted on Friday I bought into ABMB. In fact, I bought in the morning when it was red and hitting new low below RM2.60.
I posted it 'LIVE' here ... and even updated them yesterday during market time. It is to show 'trading' live ... given in my group. I sold some at RM2.78 as I m heavy inside.
See the very huge selldown in 27th Aug. Then it drifted lower as KLCI went lower too.
Today ... planning to sell her off all at resistance RM2.92. We shall update on daily basis till my trades are done.
AirAsia: oversold and at support ... knowing is not good enough. Take actions ... and BUY into her. Buy in larger positions. Hitting RM1.75 resistance now, and will sell off part at RM1.79 today. Will it move higher?
To teach trading ... the best is to TRADE LIVE and then check on the results. And also, we need to make decisions ... based on charts or trading plans.
That is how I 'guide' my group of traders ... most retailers are NOT traders, anyway. They will buy and hold ... and eventually STUCK.
Note: I bought in another 3 stocks yesterday!! Well ... will sell some off by Friday.
Stock Watch: Join my trading group for trial for two months. A good trading year in 2020 ...definitely not for investors. Prepare for the crisis and learn to CUTLOSS those stocks stuck (opportunity cost)
11.03 am : Morning ... Monday 14th Oct. DOW-futures up 60points.
KLCI up 10 points at the moment and I continued to buy into stocks. Positioning for the rebound, buy those downtrends at support with reversal candles ... and added those uptrends too.
AirAsia : Still around 1.72-1.73 ...nothing much yet.
ABMB : Up a little to 2.73-2.74
3.45 pm : KLCI plus 8 points or so. Still hanging there
ABMB : Sold 2.78 partially, keep some for next level to sell.
Note: My largest positions are in ABMB and AirAsia ... while I still have 4 stocks in hands.
UWC : bought opening this morning ... sell her off for day-trading. New high 1.75
5pm : KLCI closed 10.75 points higher today.
ABMB : closed 2.82, and I still have partial.
AirAsia : At 1.75 ... gogogo.
UWC : sold 1.72 done
enjoy the song ...just for you (new readers here. haha)
Will update the chart of ABMB and AirAsia tonight.
Sunday morning … a new space to blog. Feeling more fresh after I have been struggling to blog consistently in my old blog (https://www.cpteh.blogspot.com ) … using my old laptop(lagging) ….
Just bought this new laptop, fast and good … and light too. Created a new e-mail (to apply for jobs too) and new blog … and going to create a new youtube channel which would be sent HERE.
It takes MOTIVATION to blog and create a youtube channel … as I m not getting any wages from it (yet) … hope to link to google adsense and get some cling-cling as I go along … long way to go.
A post a day … to keep my thoughts unblock!! haha.
Yesterday I watch a movie … The Upside. A good movie … regarding a paralysed rich person who employed/picked an ex-prisoner as his 'assistant'. Will try to be consistent to watch a movie in a week. Any recommendation would be great.
Comment : do send comments to this blog.
Let us write a little about TIME FRAME in trading/investing.
If you are those buy-hold for 8-10 yrs, there is no reason to buy/invest in anything just yet as markets not crashing just yet.
Unless you are talking of property stocks which crashed to new low at the moment.
This is a weekly chart of Property Index. Strong downtrend and I have avoided property stocks for years … and written in many posts those waterfalls. Well, I m starting to check on them but no reason to invest yet … so, my time frame is not 8-10 yrs. I will become investors during crisis.
So … if we are picking up those property stocks now, our time frame would be about 1-2 months, seeing if it bottoming out from here (with cutloss level, please).
If we are trading, our time frame is shorter … and if we going for those uptrending stocks such as Greatec, we could hold for a while … say 3-6 months or so till the uptrend is OVER.
Define uptrend … and use that as our exit point.
So … define our TIME FRAME before we entering … if we are going to buy-hold uptrend stocks, exit when it turns downtrend. Also, if we are picking up some downtrending new low stocks, put the stop loss and wait for reversal. The time frame varies … depending on our trading plans.
As for me, many touch-n-go in many stocks recently while waiting for US-China meeting … traded Elsoft, Dayang, Greatec, UWC and such.
As I mentioned yesterday, I bought into 5 stocks … two of them are AirAsia and ABMB.
What is my time frame for both of them?
AirAsia : Bought due to reversal candle at support ...will hold for a while till reversal …. say in 1-2 weeks time to sell around 1.80 plus? Check daily chart to decide on the cutloss point.
ABMB : This is oversold due to selldown in banking … and currently at 3-4 yrs new low. So, will sell if sharp rebound (expected) say ...some 8-10%. By using weekly chart, I checked the reversal candle …. and using daily chart here to show the buying.
Do note that my positions are kinda large in recent buying bottom as I have waited for a month or so, to buy in. Yes, sitting on cash and waiting to buy those oversold stocks … at bottom. I m more of bottom-fishing trader.
There …. we will check on my these two trades and see if it is doing well … and how long it works. Yes, I shown all these LIVE trading with my trading group.
To join my stock-watch trading group, e-mail me to cpteh@yahoo.com or message to 012-821 0129.
Morning … It is Saturday, my post #2 haha ...DOW up 320 points to close at 26,800 level. The much awaited trade-war meeting … didn't pan out as what most anticipated, selldown in last hour (was plus 500).
cut-loss : I have to cutloss the SP500 and HSI short I made and burnt some of my winning ...given back my profits.
So … I turned bullish and started to buy stocks!! haha. That is how erratic traders could be. Well, follow the charts, they said.
This post would show two of the five stocks I bought.
#1 : AirAsia : PE 9.0 with NTA 2.4409
AirAsia : Awaiting to reach support and reversal candle to buy.
AirAsia : weekly chart is clearer ... to show potential rebound. So ... I was greedy and grabbed on closing price too (bought earlier in morning 1.68)
#2 : ABMB : PE 8.75 with NTA 3.69
ABMB : weekly chart. Hit lowest 2.57, and I started to buy at 2.58-2.59 …. added at closing price 2.70. We shall see if it will rebound.
Well … my blog is my journal. It is meant to record things I did ...right or wrong, without being judged or criticised. I do not earn anything from sharing others my trades, ok? Except for those members in my group, which with me ...to learn trading and seeing my trades "live".
Also … I like to write about songs or clips I m listening too … books that I m reading, the gardens … flowers and plants I m taking care of … or simply about my family.
It is a personal blog, not those financial blog that most expecting. So … that could be the reason(s) I m pulling myself out f i3, which full with noises and less appreciative humans around.
Anyway, welcome to my new space … hope it won't attract nuisance humans. haha
have a nice weekend as next week is a gogogo week. hehe
It is 11th OCT 2019 … I m trying out blogging using my new laptop and instead of logging in my old usual cyberspace https://cpteh.blogspot.com/ ...which linked to i3 (I left i3 and other forums some 5-6 years ago) and to be physically leave i3, I think I prefer to stay inside here ... a new space!! haha.
Dont know if I could last the pace (haha ...old age syndrome) but I will try to maintain a good writing of my thoughts here. It is too noisy being posted to i3, so ... slowly I might attract few followers and some 'online friends'.
So ... what do I need to blog consistently?
#1 : Internet connection : to stay online and updated
#2 : Ideas and contents : unblock those stagnated thoughts upstairs
#3 : Motivation : a great deal needed.
#4 : Good audience : giving supports and constructive criticism
#5 : consistent and continuity of flow
AirAsia : At support … and oversold. Time to grab some.
