Friday, 1 November 2019
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
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