Next Friday and Saturday, I will be having my second classes(module 2) with my cohort-1 and cohort-2 'turtles'. Well, in the first class(module one) we discussed what is MA, the time frame 10, 20, 50, 100, 200 and single-line or double-lines. Then, we discussed a bit about RSI, my fav momentum osccilator. No discussion on buy/sell tho I do placed a few(more to come) conditions for these technical indicators to be successfully used. One of it ... in my opinion it should not be used for goreng-kau-kau stocks(such as DVM and gang) and also to me, no trading of PN17 stocks. These 9 turtles are my readers!! Yeah ...

Cohort-3 which supposed to start last night tak-jadi and postponed. So, once I get these 9 new turtles passed the first level(4 modules for beginners plus one review class), I hope I could start a turtle-meeting to actively analyse charts together. Well, I will turn a room in my new place into a meeting/training room!! Then, I could start with others who are interested to be my turtles to learn trading, my way. Hehe

Note : You may e-mail me at cpteh@yahoo.com

We do have many goo stocks to trade in KLSE, for example Genting and Gamuda. Of coz E&O and LionInd always in my trading list. Recently MBSB, AFG and Affin and making moves too. MRCB and UEMLand are in similar group to trade. Well if you want to include PChem, then her sister is MHB. MAS-AirAsia tie giving trades an opportunity to grab MAS(a turtle of mine asking if MAS is a good buy when it was suspended - I said it will benefit MAS in short-term but AirAsia will go lower after the news. Indeed, I was lucky to have answered her correctly. PHEW!)

Please do your own homework on their fundamentals before you decide to trade any of these. I am from the school of fundamental, so I strongly believe to trade those counters with real actual business, not something like KARAMbunai which with eco-casino's HOPE.

So, tonight I will spend some time preparing for my next class, the module 2. NO notes given to them(if u needs note and you think you could STUDY technical-analysis like u studied your school-subjects, you will be wrong again. Might as well get books or read from internet!!) but I will slowly share with them some simple homework given to them last week - letting them to see the purposes and needs. DO NOT expect results in short period of time. DO NOT tell me it is too simple as we are in basic ground zero. Yes, I do prefer to teach those TOTAL novices as they will learn and listen well .. and trade well.

Resources from books, internets and such are everywhere ... do u need a tutor? In my opinion, yes ... as most NOVICES/NEWBIES will struggle with infomation-over-load. We could easily be mis-lead and jump into conclusion due to our in-experience of trading. Believe me, market is NOT for novices/newbies without any knowledge on how markets fluctuate and a particular stock re-act.

Please attend some proper professional courses. It might cost you few thousands of dollars but the knowledge acquire could save-guard you from losing many more thousands of ringgit. Majority will only attend courses AFTER they lost a lot of money and/or they think they could get 'tips' from there. The MENTALITY of learning is not there, so they could not progress.
I will be delighted to help those novices/newbies with some basics for trading. Hehe.

Learn well and I m still here to share simple knowledge that I gathered in my short trading adventure ...

Module 3 : Support & Resistance and  Divergence

Module 4 : Trading Psychology : FEAR and GREED



KimLun : Closed above 1.51, good technical signs of rebound. We shall check on her to see it could rebound 10% for a good trade.

Time for dinner and Chong Wei's game.

9.30 pm : I m sad as Chong Wei came close, yet again lost to Lin Dan. I need to sleep early to get over the Monday blues tmr tho stocks expected to rebound.

11.25 pm : It is late ... you are still reading my blog to feel jealous and hide behind your anon-nick? None of your comment will be published until you have the guts to be real. No point hiding behind, cursing me and such. Grow up. Of coz I know u r reading these lines. Perhaps, u may join my trading classes too, if you want. I dont make enemy with anyone, why should I be angry with u, right? Are u ok?
TEH