Stock Watch : IQGroup

Yesterday we saw KLCI down about 20points ... crazy end-month selling. I sold most of my counters on Thursday!! Well ... bad feel makes me do just that ...so, I told my group about the RISK of holding on to stocks when technically, KLCI is bearish ..some 1-2 weeks ago!! I did write here about that, right?

KLCI next level to watch is 1550 ... where is that clip I heard about 1800? 

The year-end rally ... if you still believe in such, then it is time to BUY BUY BUY, right? 

IQGroup: another bad QR ... closed at 72cents now ... I m still monitoring IQGroup as Uncle Ben and Fong SiLing still holding to this one ... each about 1mil units ... I do wonder why they do not cutloss ... but still holding to her? Does that mean ... they will add in at lower level? Investors do average down rather than cutloss...

 http://iq-group.com/

So ... I will continue to monitor IQGroup ... but this is not a recommendation to buy. They are bleeding $$$ ... so, we do not buy-hold into losing money companies, simply because it has crashed from RM4.80 to current ... 72ccents. 

Would you buy IQGroup ... say  ... at 50cents? 30cents? LOWER ...?

TEH

 

Year-end rally?

Morning ... we yet to feel bullish while DOW is moving higher?

Christmas rally is around the corner? Hmm ... then, what should we buy at the moment to hold?

9.50 am : first trade for today, bought Armada 49cents only to cutloss 47.5 done. Losing a trade is common.

12.05 pm : Armada back to 49.5, but I hv exited to buy into JTiasa 53-54 and want to sell 56cents now (not done yet, at 55.5)

Well day trading is crazy?

How about think ... what stocks to buy ahead of window dressing by end year? IF ANY ...


to be continued

TEH

Sector in play : Plantation

Sunday night ... got two important things to do later: Applying for a teaching job and setting exams papers.

To start my working night ... I will write a post here first. haha.

DOW up 109 points ... US markets still going higher n

JTiasa: Resistance sitting around 64-68 cents ... to sell this week. 

This week is the plantation trade week ... as most plantation stocks awaken and went crazy ... depending on which one we chose and how large our positions are, we are to profit from the craziness. 

Note: I have sold JTiasa at 61-62 cents on Friday. I sold at 59.5 on Thu ...only to buyback 59-60cents and to sell her off on Friday. If our position size is large enough, a mere 2cents would be a good contra-trade.

WTK : Another quick trade done well was WTK ... lagging most as I do not chase up stocks, so i grabbed her ... and sold her off at 56cents resistance.

Will plantation stocks still in play this week? We shall see ... if a pullback is a buy.

TEH

Friday 22nd : HIGH RISK level

US markets at new high, and RISK of pulling back (or sharp correction) ... soon.

Be aware of that, reduce our exposure in markets.

TEH

Sectors : Tech, Plantation and Properties

Property (Weekly): taking a break after strong rebound ... a pullback to watch, buy and wait for the rebound. Sold off SimeProp too.

In the meantime, we are checking PLANTATION stocks for this week. Tmr will sell off some as I m heavy inside.

Technology Index: hitting resistance now ... so I sold off all tech counters ...

Well, so ... good trades this week ... time to move on.

TEH

Sector Watch : Plantation

Today FCPO up so much ... and so, many plantation counters moving sharply too. Which one to chase?

FGV : Resistance around 1.32, sell there. I do not have FGV but asked members to buy on breakout RM1.13 level ... so, time to take profits as late-comers rushing in.



Jtiasa :

RSawit :

BPlant :

TDM :

TSH :

THPlant :

Which one?

10 am : Sold CBIP 92cents done, hit high 93.5cents. Bought last week.

CBIP : closed at 97cents, bought back to sell RM1 today

TEH

Stock Watch : JHM

JHM : breaking out of RM1.40 and see if it would breakout 1.66 level and go into new high?

Taken from 2018 AR.

Note : I do have the interest in the share ... trade at own risk. 

TEH

New lows : E&O and Ecoworld

E&O : closed at 61cents, a new low yesterday. The private placement was around 90cents plus.

Ecoworld : hit that low 62.5 cents yesterday ...

This is how CRASH looks like ... charts do not lie.

CRASH is a BUY ... everyone telling us that ... but, well ... many not buying as MOST already stuck up there, anyway.

What are we waiting for ... when should we be buying?

Well ... wait for most of those retailers STUCK inside ... panic selling or selling due to needing cash? Forced selling or margin calls?

Note : I have interests in both. Perhaps I should wait for another further 30-50% discount ...

TEH

Trend Following : BUY uptrending stocks

It is easier said than done as we would be shaken out.

GCB : I traded GCB last year ... but I didnt hold. Today, it is reaching new high ... high is going higher.

It is THAT difficult to sit on UPTRENDING stocks ...do nothing and AVERAGE it UP ...once it breakout again.

Turtle-trading is a trend following ... lose 7 trades small as uptrend failed, get TWO good trade up and keep adding position up. GREAT uptrend would cover all the small losses and giving us good profits ...over time.

EASIER SAID THAN DONE.

This is HEVEA ... as I traded her (and whole sector) up ... but didn't HOLD till trend is over. Of coz now is a DOWN trending stock and we should not be bothered. Let all others argue about the fundamentals and recovery of the sector ...we should be riding uptrend ...in OTHER stocks, OTHER sectors.

TEH

DOW at NEW high 28000 (again)

DOW at 28,036.22 ... yes, 28k level now. DOW would go 30k and above?

KLCI last-minute surged above 1600 ... killed my short FKLI. So, we are back to BULLISH? haha ...

Now we are talking about HIGH RISK of a pullback in the US ...OR ... we are going vertically up, into the EUPHORIC zone. 

Will that help our KLCI to go above 2000? Will we see recoveries in a few hundreds of our crashed stocks? Will we buy big big now hoping the BULL to come? hmm ... 

I don't know ... I m bullish too ... gogogo time is back but most retailers ALREADY stuck up there, too bad.

Ok ... time for breakfast and hope to write about G3 being dumped yesterday!!

TEH

HIGH RISK : Time to reduce

Good morning to NEW HIGH in US markets ... we are still below 1600.

Currently, we are at the HIGH-RISK level ... so, I sold most of my trading stocks and WAIT for selldown again ... let them get stuck and suck inside.

US indices overbought ... be aware.


continue later

TEH

KLCI in downtrend

Morning to new high DOW above 28k ...

Do you see KLCI below 1600, struggling? Will we do catching up ... and gogogo in many stocks?

Armada: Above 50cents now ... so, buy?

There are many O&G recovering well ...such as old fav KNM.

This is KLCI weekly ... we have broken below 1600 again, so I exited most stocks. Re-collect and see which I will buy during coming selldown again.

Many sectors crashing ...property, Constructions, Building Materials, Plantations, Logistics ... many more ... even so called O&G rally, we still see mostly in DOWNTREND.

Ok ... have a nice weekend.

TEH

Stock Watch : SPSetia

SPSetia : Bought in opening 1.36, q buy 1.32 now done ...q sell 1.45 now. This morning call to buy 1.32-1.36 range was good ... as SPSetia recording good QR.

Note: Property stocks recovering

Update later.

TEH

Respecting the Indices

KLCI : technically was bearish since Monday. I was lack of discipline as I was still trading!! Finally, sold most yesterday as the market is turning after hitting resistance 1613 level, and failed to reverse most of my negative-signals in indicators. Yesterday is the confirmation of SELL.

I was trading it up for past 2 weeks or so ... it was easier as stocks were moving up or reversals. For example, I took GenM 3.05 KLK 21.30 or PChem 7.20 levels respectively for blue chips stage 1 moving ... once blue chips pushing the index KLCI up, we are in green light to trade smaller caps!!

YESTERDAY is an important day for me: SELL 

So ... I m forced out and exited most with small losses (adding up to substantial losses too, giving back some winnings).

Oil and Gas : Recently, for 2019 since Jan ... we saw many O&G counters recovering and done a miracle 2-4x ... example KNM or Velesto. Even Armada at 50cents now has doubled. Dayang moved to RM2 ... Carimin at new high?

So, retailers are thinking inside O&G counters ...which the stories of recovering in earnings, more projects and oil prices to sustain above USD70. They are STORIES left to be seen ...yet as gullible as always, retailers suck inside ...believing stories. They will get stuck once again when the rally is over ... in the meantime, traders should ride on it. 

Yesterday, PCHEM down some 5% due to not so good QR. A long black candle. A leader would bring the index down ...hence, the smaller ones will tumble too. 

So ... when we trade a stock, we have to respect the main index KLCI ... then check the sector index ... then the leader ... if all positive, go for it. 

As I sold most and won't be trading today, wish all luck for those holding.

TEH

Index Watch : FBMSCap

Small-cap Index: Weekly showing ... going down. 

So, I sold most of my holdings today when KLCI broken 1600. No question asked.

What can u see from the chart?

TEH

stock Watch : Simeprop and SPSetia

Morning ... KLCI at resistance, DOW still flat .... awaiting Trump-China talk as Trump tweeted again.

Simeprop : To sell 86 -87 cents. I bought around 74-75cents, then a 'sudden' news out that it would be taken out of MSCI, and a sudden black candle shook me off. I have to cut-loss ... and on Monday, it jumped up and I have to buy higher!! Yesterday, it went higher ... and today is a sell for me.

Besides Simeprop, it was said that SPSetia and ABMB would be taken off too.

SPSetia : A good swing ... the black candle with high volume is to shake out weak holders, and now it rebounds after that 'bad' news.

Well ... with IOIPG moving too ... would the whole sector to be in play?

We shall trade what we see ... not what we think.

TEH

Sector Watch : Plantation

Well ...with CPO prices shooting the sky, plantation stocks which trading at low are having some parties. I m joining in ... traders should.

RSawit : Sold morning 17.5cents, collected 17cents back, sell 18.5cents tmr.

JTiasa : Sold in the morning 59cents, collected back at 58 n 58.5cents. Sell 63cents tmr.

Which counters not moving yet?

FGV : At 1.24 level now, was around RM1.10 last week or so. Sell is the rule here. I asked the group to buy when breakout RM1.13

KLK : we bought in after that long BLACK candle ...now, leader KLK rebounded so well, what is next?

Note : I have four plantation counters with me now, to sell two tmr ... keep 2.

TEH

US Indices at NEW HIGH

As US Indices at new high (due to positive news regarding trade wars), KLCI recovered will above 1600 now ... heading to 1630 next.

FKLI : Long and hold it up

Small Cap Index : Showing recovery too ... and pending breakout soon.

BUY : Small caps

Selling : All the downtrending, releasing the funds  ...postition trading stocks for UPTREND ... once breakout succcessfully.

Ace Market Index : Watch to breakout as many ACE market stocks are trending higher. Many more recovering from the slump ...

Join me : To join my trading group, contact me.

TEH

Stock Watch : Carimin

Carimin : Breakout in making, I sold RM1.37 ... now hitting RM1.39 new high ... and will buyback if breakout successfully ...

Carimin  :Breakout ... so, I grabbed back.  UPTREND ....buy and hold till trend is OVER.

TEH

US Markets at NEW HIGH

Morning to NEW HIGH in US indices ... KLCI ... emm ... staying above 1600 (was from 1550) is ok.

DOW at 27492 level

S&P500 at 3076 level

Nasdaq at 8410 level

So ... many so-called gurus and sifus will be trying to SELL the ideas of investing in US ... see how euphoria being created?

BUY uptrending stocks or buy stocks at low levels, hoping for recovery ... up to us to decide.

Too bad for those STUCK up there ... didnt listen when I said back in 2016 that one needs to CUT LOSS (instead of stupidly averaging down) ... and now we have funds to buy uptrending or so many stocks at much lower levels, right?

Ok ... preparing for markets ... for today's trade.

TEH

Stock Watch : ABMB

ABMB: this is the chart of buy-sell of ABMB ... and I m awaiting it to breakout RM2.94 now. Today, it hit 2.93 ... good sign ... prepare to add and hold.

note : If we buy 100lots ... 10cents swing is RM1k, ya. Simple Math. So .. bought 2.70 sold 2.90 and buyback 2.70 ... now 2.90 ... was a good trade for me.

Trade at own risk. I m still holding, this time awaiting BREAKOUT 2.95. Good luck to me.

TEH

Sector Watch : Plantation

Morning ... Liverpool won 2 - 1 vs GenM ...opps ... it is GenK.

FCPO : has been up about 400 points for past 1-2 weeks due to bullishness in SOY (expecting China to buy from US etc etc news)

So ... is plantation sector bottoming out? Will update today after market closed.

RSawit : sold 15.5 as I was collecting 13.5 and 14cents yesterday. Well, 15.5cents is the resistance.


Yesterday's trade: will only share the one I sold ... Istone (it is NOT a plantation stock, ok?)

Istone : collected 23.5 and 24cents ... sold 25.5 resistance yesterday done. Now, would it pullback to 23cents? I shall wait for that ... or else, go for another stock, instead. Traders do not buy 25.5, we sell 25.5 ... if u are a trader, u could understand better. If not, never mind.


will continue. brb

TEH

Sector Watch : Property

Morning ... DOW up-up again ... US bullish to a new high. No more trade war?

Full time trader : I m going to be full time trading by next year ... and I m ready for it. For past few months, testing many trading ways and I know I would be doing well/good.

Good to GREAT?

Will write a separate post regarding how we could from newbies, novice-level ... to be a good trader. Then ... to be great, thats need a BREAKTHROUGH


If you are a trader, you would like to join me ... and you may learn a few tricks!! haha.

contact : cpteh@yahoo.com or message me 012-821 0129

Property Index: Can see the hammer there or not? So, I grabbed SPSetia ... but sold too early. It went to 1.35 closing yesterday. At the moment is RM1.33 ... u decide if u wish to take, ok?

But, trading property stocks is CONTER TREND ... against the flow.

Trade Greatec and such is easier ... uptrend, continues to go higher.

Do the risk check.

will up date later

TEH

4th Nov (Monday) : Today's Trade

12.30pm : Lunchtime.  Few of my trades done so far.

updated: 8.30pm

SPSetia: taken profit sold 1.29 ... closed at 1.35, our target to sell is RM1.40 (posted in the morning ...check the trading plan)

VS: cut-loss sold 1.37, as I needed the funds for the next trade. Can see that it breakout 1.38 ...so, I took only to cut-loss. Well, traders need to be disciplined and look for a better trade once our trades are not doing well.

FGV: taken profit sold 1.13 ... was queue-ing in the morning to sell at RM1.16 (see chart) but as I saw it came down, I sold her RM1.13.

So ... the FGV profits to cover VS losses ... net profit came from SPSetia tho I sold too early (as usual).

Besides these three ... I have taken a few more trades.

contact me to join my trading groups ... to trade with me and learn 'live' trading.

e-mail : cpteh@yahoo.com

h/p : 012 821 0129

TEH

Stock Watch : SPSetia

SPSetia: A strong downtrend in most of the PROPERTY stocks, including SPSetia ... at a new low. 

Bought back after a cut-loss ... now see if the black hammer would do the trick ...and rebound from here. 

Here is briefly my trading plan for SPSetia

Entry: RM 1.24- 1.25

Cutloss : If below RM1.20

Target to sell: around RM1.40

Risk: 5 cents

Reward : 15cents 

RRR: 1 : 3

Position size : 150 lots (RM18, 750)

Potential losses : 150 x 6 = RM900

Potential Gain : 150 x 15 = RM2200 (minus fees RM50)

Time Frame : 1-2 months. 

Disclaimer : This is my position now, not a buy-sell call. Trade at own risk. 

To know the details of all the stocks I m trading, do join my group for trial (2 months: Nov and Dec) and see if you could follow my trades (LIVE and REAL trades) 

Besides seeing my trades, I do teach trading online in my group explaining all my trades and such. So, one would benefit from seeing trades LIVE with explanations. A box for Q&A allowed so that the learning process could be enhanced.

contact me at cpteh@yahoo.com or 012-821 0129

Have a nice bullish week ahead.

TEH

Learning Corner : Trend Following

I will like to blog about Trend Following over the weekend, to remind myself to trade only those up-trending stocks.




Listen to the clip first ... and I will explain further later when I m free to blog.

Most of KLSE counters .... CRASHED. So, if you are buying into them, they are still down-trending but recovering ... and we called it counter-trend trade. Those are NOT trend following.

Example: ChinHin 

ChinHin at the moment is BOTTOMING out and we may see it moving out from the bottom. This is NOT uptrending ... but REVERSAL trade.

One of the uptrend stock I m trading at the moment is Greatec

Can see Greatec in UPTREND , right? These are the stocks we should be focusing to trade it up ... rather than checking on REVERSAL from trends.

As 2017-2018 seeing many crashing lower ... and currently is PROPERTY and PLANTATION stocks ... many are sort of recovering from bottom.

To be a real trend following, we should ONLY trade UPTRENDING NEW HIGH stocks, got it?

Note : Armada and such are DOWNTRENDING ...why bother?


TEH

Stock Watch : UWC

Morning ... to a new HIGH in S&P 500 and Nasdaq. DOW is inching higher and would be going to a new high ... soon?

UWC : a good trade but sold too early yesterday ... zzz ... RM1k too early. haha

UWC is in play, strong uptrend and no need to sell yet till trend ends. 

Will look for a pullback to buyback. 

Have a nice weekend, will try to write more when I m more relax ... these days very busy trading and focusing on my trades as markets are good. 

TEH

Friday 1st NOV : busy trading day

10.35 am : KLCI minus 6 points ... but surprisingly FKLI green. I closed my long FKLI in opening, thought to long lower ... but it went up!! hmm ...

KLSE in profit taking mode as we are seeing low volumes in many stocks and in red-red.

Krono : After I sold due to bad candle, it jumped yesterday ..gapped up.

It is a norm for traders that when we sold (cutloss or take profits), stocks went up higher ...much higher to our dismay. haha.


5.05 pm : KLCI minus 4 points

A very busy trading day for me as I didnt have mu usual class in Seremban.

Trade of the day : UWC ... but sold too early. zzz

Salute : Day traded ... good.

Update tonight.

TEH