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