Learning to trade : Candlesticks reading

Noon ... 2pm now. KLCI red again.

Trading Group: I have a 'new member' as a student ... wanting to learn to trade. She joined me today.

What would be the first of thing a trader should learn?

WEEKLY REVERSAL CANDLESTICKS!!

To join me: message at 012-821 0129 (small fees applied)

This is WEEKLY CANDLES of KLCI three weeks ago ... when I gave some mild 'warning' here in this blog ... KLCI down doesn't mean ALL stocks would be down, but generally, the sentiments won't be good.

So ... we would like to reduce our positions or keeping cash after bought in during end-Dec window dressing period.

So ... by checking the weekly candle in KLCI, we can guess that sentiments won't be so favourable in coming weeks to trade. We would have stay sideways and keep cash ... waiting for current selldown to 'hit the floor'

Reversal candlesticks such as the above (hanging man). So understand that could help us to navigate and plan for next coming week.


Again ... we should not ONLY use one single candlestick to determine our buying/selling? Or can we?

That is what for all newbies to learn ... CANDLESTICKS reading ... start from there.

Use 1-2 months to explore further ... and if u hv any questions on that, can join me la. Good luck learning.

TEH

KLCI in RED RED

Morning .. 10.30am FCPO gap down.

As Nasdaq at new high ... many tech-stocks moving today.

Hmm ... why are we in RED RED markets when DOW up to new high?

Nowadays we have these SPIKING stocks due to news or some announcements.

KKB : Dont really know why there is such a spike. crazyness in markets ... if u r chasing them up, u may get stuck ... once the spike is over.

KLCI down some 10points but FKLI down 20 points. Needing to short back as my q done.

Short : Keep the shorts in FKLI and FCPO.


Will there be any CNY rally or ... red all the way to 1550 support level?

Will check on my trades later, been cutloss small in recent trades, so prefer to keep CASH and waiting for sales.

TEH

Nasdaq at new high : 9274

Morning ... with Nasdaq at the new high, we should be in the US ... buying tech stocks such as APPLE ...looooong time ago?

Or buy into KLSE uptrending tech-stocks, alternatively.

In the morning ... I will post to my trading group what I m going to buy and why. And some I m just doing a short term trades, I will sell today.

For example : VS

VS : bought in yesterday morning breakout ... will sell her off for profits and move into XYZ today.

So ... these are what I share with my trading group ...'live' trades I took. The important thing is UPTREND breakout = BUY.

To join my trading group, message me at 012-821 0129. 

I will write in details how a trader (newbie) could learn the FA and TA from my sharings in the group. 

It is important for traders to learn ... and execute well. It is never easy ... but the skill-sets needed for traders to survive.

For those so-called buy and hold, I will have one post I m going to blog for u ... and will want to advise you to move to UPTREND. 

Can I advise you? haha

Will update later ... if I could remember.

TEH

Gold stocks : PohKong and Tomei

Morning ... it is Monday. Let me see ... what is there to trade for this week. The recent attack by the US on Iran (to kill someone's head/leader is definitely a crime) brought the SPIKE at OIL and GOLD prices ... but without any more sparks, it died.

GOLD STOCKS

haha ... allowed me to laugh. Haha ... they really thought GOLD prices up means PohKong or Tomei will go up to? Really? haha ... who actually planted this idea to those newbies/retailers. Brilliant and a genius of manipulation ... understand how gullible the whole public could be.

Note : Gold futures trading around 1560 at the moment.

So ... let me start to check on their charts.

PohKong : I hope most reading this not caught up there at 70cents. Now we at 59.5 cents ... is the goreng-mode over? 

Tomei : This is brutal ... killed all those newbies and punters the next day itself ... see if I want to punt at 45cents later.

Note : Gold prices UP ... no logic or fundamentals that these two will go up. One may want to jot in your journal and never to do such naive mistake again.

Good luck on such goreng news. be aware ... more goreng-stocks coming up in 2020.

To join my trading group ... contact me : 012 821 0129.

TEH

2020 : Do not buy to hold

Liverpool beat Spurs away ... to stay at the TOP of the league table. See if they could maintain unbeaten and eventually win the league ... 2020.

Sunday  8.10pm ... checking some of the indices charts and many are BEARISH.

So, I m staying in CASH ... and will buy uptrending. Will wait for the coming SELLDOWN, and be ready to buy for short term technical rebound.

Let me pluck randomly a chart. CHINHIN.

That recent surge was due to listing of Solarvest ... now, falling back to 60cents level. So, if one is stuck, below 60cents is cutloss lo ... then, slap yourself to believe whatever u heard ... otherwise, why buy ChinHin and stuck?

Stuck ... paperloss 20%, too painful to cutloss ... then 50% paperloss ... too late to cut? Then went down further to minus 70%, looooong term investor and claiming they are VALUE investors. haha ... sound familiar? You stupid or what?





 Because the MAJORITY of RETAILERS in KLSE are losing money, stuck up there HOPING their stocks to rebound back to their cost (they cannot lose a trade ... so, they WAIT to breakeven, at least) ... you cannot talk to them or advise them about CUTLOSS ... or digging deeper on the concept of OPPORTUNITY COST.

One thing for sure ... you may want to them to ADMIT they are STUCK.

Cold-eye (Fong SiLing) given a market talk in Apr 2017. One of the stock above RM3 being recommended was Perstima. He is a long term investor ... so, buy more if stocks becoming cheaper and HOLD for years to come. ONE DAY ... it will recover.

I m different kinda school-of-thought ... I see HIGH risk in markets, NO BUY AND HOLD in 2020. So, I will WAIT for the crisis and put all the stocks he mentioned in my BUYING list. During the crisis, I will check the FA ... and buy into them ...way CHEAPER and random buying into and stuck at the moment. I SEE IT AS OPPORTUNITY COST


search for Fong Siling market talk which could be available to the public thru youtube. Check above RM3 category ... Perstima, Taann, SOP, UMCCA, Asiafile, Thong Guan ... etc etc ...

Do your homework ... do not buy in blindly and HOLD. Some stocks you may hold till coming crisis ...crash and recover .. that would be 5-8yrs ... if you are lucky to breakeven. You stupid or what?

Have a good trading week ahead. I m out ...

TEH

KLSE still at high risk level

3pm : DOW futures recovered from yesterday's FEAR minus 400 in the morning ... many KLSE stocks recovering from yesterday selldown too. FEAR is a BUY? hmm ... I did not buy any.

So ... a green day is a SELL day if we have gone against our fear to buy YESTERDAY during that diving period.

8.10 am : Morning ... was halfway blogging ... then, got me busy with something. And forget about my blogpost. Oppss ... sorry, will be more consistent next time.

Currently, I m in new working place ...yup, going into a full-time job again (as no of tuition classes decreased for past years) while waiting for crash/crisis

DOW AT NEW HIGH   28956.90

So, we are seeing the bubble this year ... ok, buy US up-trending stocks and HOLD till bubble/euphoria ... can we do that?

Stocks : I bought in 4 stocks yesterday ... time to gogogo

9.40 am : Sold Serbadk 2.31 for small losses as I took yesterday with average 2.32.

Sernkou : sold for profits today, bought yesterday

Cutloss : I lost hugely yesterday , cutloss in HSI-put as instead of diving, HSI surged ... thanks to Trump and also pumping in money from HK


will TRY to continue later.

TEH

US-IRAN tension : Keep Cash

Morning ... DOW-futures recovering from MINUS 400 to current minus 260.

Stil,l it is BEARISH ... so, keep cash as advised.

Last week or so already told to SELL ON REBOUND. Up to any readers here to listen ... help me to share my blog-link to any of your friends or groups as I tried to share my views and might SAVE some people from losing lots of money. Some will listen ... most won't.

This was LAST FRIDAY weekly candle ... making me to SELL most of my stocks. Nothing much to buy this week ...so, i asked my group to stay in CASH and awaiting CNY sales. Today is just hiccup ... sales would be seeing KLCI 1550 or below ... by next week, that would be great to employ the cash in hands.

In the mean time, maintain short FKLI and also short HSI

Rest ... nothing much.

To join my group : e-mail cpteh@yahoo.com or 012-821 0129

Hear from some of u. 

TEH

KLCI un-dressing today

Noon ... Monday. As US-Iran tension escalating, we see red-sea in our KLCI. Well, I sold most last week Thu and Friday.

Last Friday morning when I sold almost all my stocks, I told my trading group that we have to get out due to RISK of Trump going crazy over the weekend with his tweets. Well, do remember Trump is the greatest market manipulator now ... if he is shorting S&P500, we better get out.

Trade what we see ... what do u see up there in KLCI weekly chart?

Good luck for those bought last week or those holding.

Join my trading group: contact cpteh@yahoo.com or Whatsapp 012-8210129 (not free)

Last Thu/Friday's trades

Sold : Serbadk-wa, Revenue-wa, FPGROUP, MMSV, JTiasa, Salute ... for good profits.

TEH

e-meeting : Preparation for 2020

go to : https://global.gotomeeting.com/join/354296005

https://global.gotomeeting.com/join/354296005

Meeting time : 10pm

Topic : My Preparation for 2020

Do join and share the link if u wish. Welcome

TEH

3rd Jan : Serbadk(wa)

Morning to US new high plus 300 ... and we are in bullish sentiments too.

After sold almost ALL my stocks last two days before the new year, I started afresh and buying in again yesterday.

Sell some today, add in some later ... and let it run for a while till selldown.

SELLDOWN is nearing ... be aware.

Today, I may want to sell off Serbadk (wa) as it is hitting a new high with all last-minute kaki/retailers jumping in.

Here is the rocketing chart of Serbadk ... and do check others, we have many of such absurd-craziness on-going ... waiting for SELLDOWN.

Well, see if I could find the time to update today!! 

Join me in my trading group if u wish to trade together with me (live) while learning to trade better.

contact : e-mail cpteh@yahoo.com or 012-821 0129 or https://web.facebook.com/cp.teh.9

TEH

2nd Jan : Revenue-wa

Revenue-wa : breakout of 75cents this morning ... so, i took at 75.5 and added at 76 ... sold all at 79.5. Good profit for my morning trade. Mommy Revenue at new high but I sold her off last week(last year)

Trade breakout, new high ... that is the idea.

This was shown LIVE in my chatbox and if any members taken or not, i m not sure. I just show them how I trade and the risk is theirs.

To join me, add me in FB .. or e-mail cpteh@yahoo.com or message 012 821 0129

I do explain my trades, position size and time frame too. 

At the moment with DOW at a new high, we at higher risk ... so, take only short trades.

TEH