My Trading Adventure

Trading Class : Cohort 2

CP TEH
Publish date: Fri, 09 Sep 2011, 07:25 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Well, comparing to Fred Tam who will be having his 66th class intake this month, I will be having my second trading class for another 'small' batch of people who which to start learning some BASIC technical analysis. Unlike many 3days or 4 days courses, mine will be a continuous class of alternate Fridays. In other words, most trainers will teach the theories in days, I will be guiding my turtles in months!! I will be busy and busy teaching them some basic terms and showing them some homework to be done!! Yes, I am teaching them how to fish. I do not have software or system to sell. I do not charge thousands. The difference here is they are 'qualified' while I am not. It is like ... you attend a lecture-course in a Uni, the speaker or trainer MUST have the paper qualification to teach(I dont know if Chart-Nexus trainer got some certs to show? But I do think they are being trained to teach technical analysis mechnically).

Yes, I do respect many good trainers around. I want to be different. I want to cater for those who could not understand those lectures and going for tuition. Yes, I am more of a tutor. Even in Uni, a tutor needs a paper qualification? Ok ok .. may be I might go for OUM's diploma in technical analysis!! Haha.

What is important to note is ... I am not a promoter or salesman. I do not promote books though I do recommend some good books for reading purposes. I do not promote some systems tho I do share with my turtles some strategies which could be employed during certain situations. Yes, I do believe in ACTUAL real trades rather than demo-trades. I am teaching those novices what I have been doing to improve myself - from ground-zero. Yes, I admit I do not have any financial background to back-up my qualifications!! My teachings are more of sharing-basis and for novices/newbies in technical analysis.

Tonight I will have my second batch of 'turtles'. Heck, I hope I am not too nervous teaching!! Haha ... it shows lack of experience in teaching too. But, I have pointed out that I wish to teach those who want to learn. Seriously, we have MANY who paid thousands for many courses but do not have the mindset to learn and learn well. Majority of them just want the fish to be given to them!!

Anyway, after having this second class ... I do not know if I will be 'free' for the third class and so on. It is all depending on how my current turtles doing. I wish to focus in their learning rather than having more classes. I want to make sure they learn and could proceed to do well. I want to correct their trading-mentality and share with them some simple strategies while being there for them while they learn.

Wish me luck in my tonight's class. For those coming tonight, dont give me a 'hard' time, ok? Try to smile to me tho I know market is not doing well. Haha.

8 am : How will KLCI doing today? I will be busy today ...

Genting : There is a decrease in its volume as price moving higher. This is divergence in price-volume which I will share in my class tonight!! What does that means? Possible of reversal soon ...

USD at  76 level and Gold at 1864 now.

8.55 am : We are heading for a positive opening. Check out Axiata and Tenaga.

KLCI opens 3 points higher.

Puncak : At 1.15 level, reversal seen ... noted.

9.10 am : KLCI up 9 points.

Puncak : Welcome to the peak ... just grabbed Puncak today from 1.17-1.19 levels.

10.35 am : What? KLCI coming down?

Puncak : Puncak at 1.17 not done? Only some at 1.18 and 1.19 but it flew off to 1.34 now!!ARRGHHH ... I dont like something shoot up 15% per day, ok? So, I might take profit later ...

I was jammed at Federal Highway. Now I am at KFC PJ. Otherwise, I will certain top-up Puncak much more than my mere 3k units!! That was what I done with my Tenaga yesterday, topping up as it moves higher.

Puncak is not random .. I told BL yesterday during lunch appointment that I am stalking Puncak and I did not expect it to jump today, ok? I am LUCKY!!

What is reversing now in my mind? Hmm ... got two in my list I am stalking, so ... take profit on Puncak, going for them then. Tenaga losing some energy too.

By Remnant888 :

Remnant : Puncak is fundamentally flawed as an investment stock but technically you have the guts to punt into this stock and make a decent gains. That's what makes you different... cheers..

TEH : Yes, no one bother to pay Indah Water bills and sewerage business and water business is actually should be good business!! One big flaw is its MANAGEMENT, as always. A good business-model should give the company(monopolising lagi tu) good earnings and showing strength to strength. majority of gov-linked counters run not by business-men but politicians. Heck, RHB still give them target price about RM3+. Unbelievable? Who cares about the story of getting into O&G? Years to go, man. So, agreed that Puncak is NOT a good fundamental stock!! Obviously. I am from FA-school, anyway. Haha.

Yes, technically I was stalking her since I went to Klang for the RHB talk. Readers need to refer to my RHB's talk post to know that I placed Puncak in my stalk list then. Haha. Today, I saw the movements in the opening ... move in!! PUNT!! I was lucky, bro. Thanks.

Remnant : Readers will do well to learn FA, TA, RA, EA from you while it's affordable..

By any standard, your lesson is so much cheaper and better than many others.. A service to the investing community (thumb up)..

TEH : Thanks .. I am using this piece to advetise myself? Haha ... I am really a joker but many still watching me from the sideway. I do tell truth which MANY in KLSE and those punting/trading kakis might find me stupid. TRUTH is not supposed to be exposed!! I will get tired one day, hoarding my gold/silver ... hiding myself away in my beach apartment!! Haha.

Yes, When people talk about FA ... these are pure accountants. Like what Fred Tam said, he was an accountant, buying based on low PE and such. Then, he realised that some people could gain much more than his conservative methods. He started to explore and learn TA. So, by combining FA + TA is still a smart manner we trade. I never say yes to DVM and such as TA failed badly(this is to those in forums talking TA of stocks like KBunai, DVM ... it is VERY flawed. Listen-la). EA = emotional analysis and NA = news analysis .. placing them together, I will have my RA = rojak analysis. Haha. I never want to argue with analysis is the best, as what work for me may not work for others. That is fact!

Yes, it is affordable .. hmm ... TOO cheap, to be honest. But, I m not doing business!! I am in service, in education line. I like seeing someone learning from nothing to something!! Just as how I struggled for past few years ... learning and STILL a novice, ya. I wont claim I am better than others ... it is simply different. Different people have different taste ... I m an unknown(LOL), I m an ah-pek writing a blog in daily basis(and enjoying it), I m learning from many and teaching myself on the way. But, my service is CERTAINLY the cheapest. I told my turtles " Cheap is not good, ok?" :)

Remnant : There was this guy who paid RM2,000to a forex trainer to teach his daughter a 2 hour lesson on TA only. Hear this, only 2 hours on TA alone.. Not forex but TA alone..! What a scam..

I would have considered if he was willing to pay RM 20,000 for 1 year lessons on trading forex, gold, stocks and currency options. Ha ha ha..

TEH : How I wish he will get me to teach her daughter as I am advertising myself RM200 per hour of TA, going to your place somemore to teach and only one taker so far. I taught him RM200/hr for 3 nights, each night 2 hours(and we chit-chat after that for another hour -free market chat. haha).

Yes, I am still cheap and will ALWAYS be the cheapest in town. Wait till I get a diploma in TA since this society is crazy about paper-qualifications!! Haha ... they made me laugh when they employed many Masters in Maths to teach Maths and I have to 'teach' these lecturers!! Amazing? By the way, those with Masters and PhD in Maths are SEEN as a better lecturer than a B.Sc like mine!! Hmm ...

I may not be cheap anymore in future. Perhaps RM300 per hour, and I will donate RM100 per hour to some charity organisations which I promised myself. :)

Remnant : All the best to yr trading classes..

TEH : Thanks so so much for the support you have shown all these while. You were there when I was teaching my first turtle, my doctor friend JL and how much PAIN he has caused me. Yup, not many here(I got 1,300 readers now) understand so much pain I have went thru learning and learning and teaching ... and I am just at my initial stage(like the price of gold-rally. Haha) ... By 2015, when Gold at 5k level, I might be charging RM500 per hour?

Yup, thanks for the 'endorsement' of my trading classes! I am really like an ah-pek, joking around. Haha. I owe you a nice good dinner, bro. Thanks.

12.35 pm : KLCI still in green .. 2 points.

Esso : This is my bad trade, grabbed at 2.80 that day, sold 2.75. Cut your losses small.

BRDB : A failed breakout at 2.50, reversal shown yesterday and I cleared her off.

Puncak : I re-read my yesterday's post(I seldom re-read my own posts. Haha) and I did jot it donw that Puncak showing some buying/accumulation yesterday. It has been for past 3 days, actually. So, it is not random. Hmm ... really lucky to get it right. Dont be naive and said that I am 'sifu' blah blah ... it is ALL about PROBABILITIES, ya. At times, you get a strike after few throws!! I wont promote and said " You see, I told you so ... blah blah" which are NOT true. Can I tell truth?

TEH
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Discussions
1 person likes this. Showing 2 of 2 comments

chinteng

You'll have my smile :)

2011-09-09 08:14

Lowkk

Teh, how do become your turtle to pick up your technical analysis?

2011-09-09 09:08

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