DOW up 100 points. Yeah ... we ARE in a bull-run ... ride on it, babe.

I will be too busy today to check as I have so-called training for the whole day.
10.10 am : Coffee-break ... KLCI up 10 points.

UOADev : At 1.44, buying more at 1.23 was good ... that is what I was thinking two days ago but I did not expect it to fly today, ok? Selling off soon ...

I will be speaking about risk-reward tmr night and will bring up my UOA trade as an example. I sold her at 1.35 earlier to buy back at 1.27 and 1.23 instead of cut-loss. That was what I told SAM, my most expereinced tratle who bought UOA too. Timing ... is needed an important element in trading. That is what I am trying to learn thru technical-analysis. Yes, I shared my UOA trade last week and told them ... I dont know when it will fly, but if it does, I wont hesitate to take profits. Dont worry, I still have a few to catch before they fly off again? WHEN? Hmm ... I don't claim to know. It is all TIP = Think In Probability.

12.05 pm : KLCI up 13 points. HSI up another 300 points.

As a trader, we ride on the trend, if it rebounds ... good. Take profits once target achieved and MOVE-ON. Cut-loss if the trend go against you ... and MOVE-ON.

UOADev : All my queues in the morning done. Cleared. Too early again? At 1.48 now.

KEuro : Not moving much , cleared too.

MudaJaya : Wow ... my 2.40 queue done too.

Faber : Cleared all done at 1.60 too.

Yet another clearing spree for me ... the best week for the year. Thanks to the market corrections.

Ivory : Grabbed her today --- shared in my group.

Question : Notice that I have moved out of my Axiata, Sime, Maybank, MHB, PChem ... and giants to move into MudaJaya, KimLun, Faber and such over the past 2 weeks? WHY?  I asked my tratles in my facebook last night. That is called TRADING la.

I missed many too ... YTLLand above RM1 now, ok? Missed so many in my list but I dont hai-ya, hai-yo ... move-on to seek opportunities. That is MECHANICAL ... once you know driving well, it is mechanical. You still drive well using some road-signs. You already familiar with the NEP or Federal Highway. YOu even know you will pass-by GAB or GPacket ... how could I explain that 'luck' will side those who know?

I m not jumping in joy, ok? In fact, I am just doing what I need to do ... clear and sell as many moving in. We buy during so-called crisis, so called our broker houses giving us GLOOMY outlook. Then, we start to sell when we see more public of herd-mentality coming in ... happily sell to them. Then .. sit-n-wait ...

Teach me trading, please. How am I going to keep my TopGlove instead of clearing her as it is not in play? How am I going to share with many that TopGlove will be a drag now, though market shooting like hell and also everyone is making profits like they are getting to be millionaire next week?

Teach me market-psychology ... I will pay you RM8 for that(LOL ... a joke in our facebook last night!!) ... teach me how NOT to follow the herd and be a contrarian. Please understand that it is ALWAYS easier said than done, ok?

4.20 pm : SOLD too early again ... cant help it as I am on-training today, talking about education, of coz. Sold UOA and KEuro too early. When market tanking, many panic-selling and the PAIN of cutting losses. Today, many sold quickly for profits, enduring the PAIN that it has move higher. Does market make senses to you?

What is important is to keep our feet on the ground and to use our rational-brain to THINK what is next? I have been in these situations many of times. So, it is VERY important knowledge & expereince to be applied. Today, MANY will started to show BUYING signals ... blah blah indicators flying higher and many WILL started to talk about stocks again!! Unbelievable? Believe me ... it is a cycle---- a human-cycle.

RHB : Let me give you this example ... HOW on earth are people BUYING into RHB this morning?!! Somehow, believe me ... there is SOMEONE buying into RHB this morning above RM7.50? Logic ... throw it out of the window!! These are IGNORANTS ---- and I am NOT saying RHB is not a good counter to buy, ok? Of coz they could always say .... "I am an investor. I could hold till next dividend payment" rather than admitting they are caught at RM7.50. Heck ... who knows, tmr RHB moving to RM8? Watch ...

4.55 pm : KLCI closing at 1444. HSI up 430 points.

Now ... bear-rally or reversal into a bully-rally?? I have sold most of my holdings due to my stupid-ness to continue buying when things moving lower. Nothing much to buy now as most are moving much too high for comfort. Hence, I queued to sell this morning, and surprisingly ... all my selling points done!! And they STILL move up ... such as UOA cleared in the morning ... up further after lunch. Believe me ... suddenly after another 10% or so up, many will started to move in to BUY UOA ... which errmm ... majority dont even know what stock is it? Funny ... right?

Jupiter : Kelvin's last talk

6.20 pm : I am at Jupiter SJ, and going to listen to Kelvin's talk.

It is good here ... new and I am allowed to go online!! hehe ...

So, there are MANY uncles-aunties here talking about stocks. I was around to listen about UOADev chat ... wow ... time to SELL if you are holding, ya. When the shoe-shiner asking about stocks, it is time to sell as the 'bubble' is ending.

Bubble? Hmm ... we are STILL in downtrend!! Markets correct, markets rebound ... that is common. When you are in markets for TEN loooong years, you should have seen it all. Unless ... err ... you are in KLSE for 10years, all you ever bought is XYZ which de-listed or no more volume in her? That is different situation!! Look ... remember the ignorant aunty shared with many(at least she has the guts) how she bought 30-penny stocks .. blah blah blah ...

Behind me, someone sharing that he is holding to 18 stocks!! WOW .. how is that? So many get stucked and still losing lots of money!! I overheard ... as I have nothing to write now. Keh-poh ... am I going to tell anyone about my blog? Of coz NOT. Am I selfish it that sense ...? Let me think about that.

10.20 pm : Yes, I just a chatter-box, added few pointer to Kelvin's presentation. Haha ... by the way, one of my reader could recognise ME as cpteh-the blogger and we were sitting together. Many aunties-uncles there must be VERY un-happy as I commented on Jupiters EMA 5-10-10 system. Err ... I was too blunt "Kelvin, can I say that 5-10-10 is too short of the time-frame for majority of these people here who are NOT traders? These are punters who do not have much knowledge. Otherwise, how do you explain the 90% of them losing in markets?". Too blunt and sounded arrogant tho I meant to point it to many ... waiting for some stock-tips. If you think they are there to LEARN ... haha ... oopss ... allow me to laugh ... haha ... thay are NOT there to learn.

Then, after his talk, I have a short converstaion with him and he agreed that most of them there must have lost lots of money and wonder what they should do with their holdings. Many must be waiting for BUY-signals(like the broker houses started to UPGRADE KLCI to 1700-1800 by year end?) and start to buy again? Some hoping their depressed stocks to move up to their cost-level again? HOPE is in play ... at least he is HONESTthat many will PRAY hard and praying they did. These few days, their prayers sort-of answered. There is a glimpse of HOPE. That is very normal human ... HOPE.

Markets are NOT for most of them, anyway. These people ... you could tell them an indicator or a system, all they want ... TELL ME A STOCK THAT WILL MOVE UP TMR. Sigh.

He also said there is a confession of an uncle(in Penang) of his buy-n-hold into uncle's stock ... his initial capital of RM800k is standing at RM30k now. Read the zeros correctly. It is EIGHT HUNDREDS-k to THIRTY-k. Yup, at least he scolded himself as IDIOT.

Do you think those MANY in the room just now wo are STILL losing thousands too will listen and LEARN? Nope ... I am in serious mode now, no point laughing ... and it is sick to laugh at other's pain, ok? I am laughing at the FACT that they are there to LEARN(LOL). I am NOT laughing at their losses. Read me right before you come to my OWN blog to jump into conclusion and be a loser again.

No time to write further ... but it is nice meeting Kelvin, in person. Thanks and all the best in your new venture!!


Learning : For ALL my tratles, majority of you are in level 1 or/and 2. Remember what MA or RSI are, and trying to understand what are they. ONLY after you finish all my modules, it might take another 3-6 months to learn the application part, which could be VERY challenging to many, especially those 'older' ones who already have a FIXED mindset.

10.30 pm : KLCI up like hell ... DOW down 100 points now. Ouch. Tmr is a run run run ... or BUY? Hmm ...
TEH