DOW up a little ... markets with no certain direction. There are many things in mind to write about for today ... then, moments ago I received an interesting e-mail from an aunty who is going to join my class asking me WHY I am 'attacking' only aunties/uncles!!

YL : BTW, how come you keep 'attacking' aunties/uncles? Yuppies are just as bad, if not worse.

Haha ... I cant help but laughing-out-loud(LOL). So, I shall start my writing today about this line!! Thanks.

Ok, I shall begin with an apology if any of those 'older' ones feel offended when I speak about aunties-uncles. I do not have any bad intention to insult, actually. I am just refering to many of those old ones(above 50+) joining some TA trading course to learn TECHNICAL ANLAYSIS.

Some good conditions to consider before joining the TA-classes :-

1. You must have an analytical brain, in other words, you brain could comprehend those charts, those lines drawn, thinking in probability and such. That will HELP but not a guarantee ... for example, if you are in any lines that makes you think in 'mathematical models' related subjects. That will help. I remember a friend of mine from my CNX's batch, an uncle who was an engineer and a business-man told me that TA is not as complicated. He is half way right ... just need more practises and experiences on it.  The example I have given - a English-teacher retiree is the total opposite.

2. You must been in market long enough to understand that markets up-n-down and chances of we losing money is higher than gaining. That is the basic IDEA ... then, u improve in your techniques and start to learn about the proper way of trading including money management and risk management. Perhaps, older people should have an advantage here as GENERALLY they are more patient and slower. Slower to win the looong race. It is a marathon for me ... not a sprint. That is why I always place myself as a NOVICE because that is a FACT. How could I claim I know markets when I am only less than 4 years in markets?? Hence, been long in market is becoming important to let me explain easier. If a person is totally new to markets, can I ask him/her to slow down? Hey ... I am already in my 50s and you ask me to go slower in my learning??? How many years left I have(to be still around) to trade the markets and win some trades?

3. You must take losses gracefully as it is part of the 'game'. As we are aged, we may want to reduce our risk substantially. So, can we trade markets? Yes ... with a longer time frame. For example, instead of using 10-20MA, we increase it to 50-100MA. What I am trying to point out is that MAJORITY older people prefer to relax and doing things that is not so stressful. Trading markets could be too stressful(and not good for our blood pressure too) for some. Losing becoming unbearable and having sleepless nights ... it is just NOT worth it. HONEST. If one do not prepare for some amount money to lose, trading is certainly not a cuppa ... for oldies.

4. You mush have the right attitudes and mindset to venture in market-trading and also open-minded enough to learn. Look, I do have my oldies at home .. they are my beloved moms, aunties and uncles. I will not ask them to learn trading or even go into markets(except to buy BJToto for dividends). Why?? Because I knew they characters so well ... that to FD they trust, ok? Nothing else much .. a bit of Gov's bond(those 1-Malaysia bonds that non-bumi could buy). With one of my aunty always told me that she has eaten salt more than I taken my rice, she is not open to listen to learn. Understand why I m pointing to aunties-uncles who should not go into markets? My moms/aunties are 4D kaki ... to them, it is a way to INVEST. If they lose some small amount, it is OK as they WILL re-coup their losses when they dream of another 4digit to buy next week or next month. MINDSET about money and risk ... otherwise, you could NEVER share with them about money-management and risk-management. They are the best putting money in FD or UT or bonds. Markets NOT for them, honest.

5. You must be a positive thinker, motivated about life and determined. Yeah, a high dose of such qualities in our society is rare as we have been surrounded by BAD NEWS ... watching those BAD dramas in TV, also talking to those BAD vibes human. These will sap our energy, we will be drained by such negativity in ourselves. We cant help it but to become one of them!! Check out what older people like to read or hear. What are their topics? If they are of positive nature, good ... that is a neccesity to be in markets!!

6.

So, I am in my mid 40s now, anyone older than me and want to start trading markets from ground-zero could be VERY challenging. I started late ... around age 40, I started to check what stock-markets are all about. 4/5 years later, now ... I am still learning in DAILY basis. Do you think any of them older than me now could sustain such a merciless market volatilities? Well, the differences could be ... I want to teach trading. I started from there, even before I know what stock is all about, I told myself I will coach-trading MY WAY one day. Yup, I am still short of one year for my 5-year plan goal. I am actually preparing a NEW resolution for the next 5 years, when I am reaching my 50s.

You see, by then ... I do think I m no longer can claim that I am a nivice(I might. Haha) as I have 10 years of DAILY monitoring markets. Yes, this blog will still be there as long as I am still alive! At age of 50, I want to slow down, semi-retired and will only check markets when things in BAD SHAPE and also doing some quick profits when opportunities arises. Certainly will be there ... KLSE, SGX, HKSE, ASX, US ... markets are everywhere for those with knowledge and alert to read. I am learning to read SIGNALS ... no no .. not technical signals but some economic signals, earlier signals tell us that some bull-rally is peaking and such. I am learning!! Nice ...because once I am in my 50s, I will be coaching trading to certain group's needs and perhaps by then I might be kicked-out from coaching. Haha. (Never mind, I could still give Maths tuition or coaching bowling la. hehe)

11.20 am : KLCI in red, I am wearing red. It was in green when I was busy writing the above. Hmm... DOW up, HSI up but KLCI down? WHY? WHY? Tell me WHY?

Look, DOW and HSI bare in green, actually. HSI down 800+ points, a magnitude I seldom see. KLCI down 20 points becoming a more common scenario. I will only want to see KLCI down about 80+ points to consider a non-normal trading day. Other than that, reducing our exposure to equities in KLSE is only logical. Heck, am I suppose to check on others Affin, MahSing etc etc ... sorry for not replying to others. Too busy ... please understand. Come to mamak teh-tarik stall, I might tell you my opinions as opinions are EVERYWHERE and very cheap.

Supermax : Hard landing ... the last time I cut her short, it was at RM3 recently. Today it is at 2.40 level, a strong support level. Shall I buy-back? I m still stuck with TopGlove. Ouch. CUT CUT CUT ... yet another maggi-mee night. Sigh.

Glove makers could continue to see some selling on concerns about the weak demand for the products. Analysts maintained a negative outlook for the sector as there were no strong catalysts to boost glove demand as well as profit margin, in the absence of a pandemic - The Edge

Qinfa : At HKD2.20 ... I wrote about her just days ago when she came back to HKD2.60. Now, yesterday I had a dinner with a friend and his car plate no is 866. Wow ... that is a co-incidence as Qinfa's code is 0866.hk. Haha .. time to rush to Magnum or Toto 4D buying 0866? We shall check if I strike 1st price, ya. Haha.

WCT : At 2.31 now .. and WCT-wb at 0.325(down another 9% today) and WCT-wc at 0.445 now. Game is OVER for construction when IJM and Gamuda spoilt the party.

2.05 pm : Raining heavily here ... HSI lost 300+ points, so ... a total of more than 1000 points in two days!! Again, it is seldom I see such selldown. FEAR is in market ... will retailers give up on their holdings and start that panic selling again? Can we see 1420 this week? I will check at 1400 psychological level.

Post : You can win if you want by MT later.

Construction-stocks : There is a destruction going on in this sector at the moment. Gamuda break 2.90 today ... down with WCT and such ... zrrrooom .... the second-leg down just started ... stay away.

WCT : is diving ... going below RM2.20 now. Panic-selling coming in ... WCT-wb losing 12% now.

SPSetia : is diving ... going below RM3.20 now. SPSetia-wb losing 15% now

4.10 pm : Where are we?? Wow ... HSI recovers well and closing in green? That is cool ...


TEH