My Trading Adventure

Bull Day : Time to buy or sell?

CP TEH
Publish date: Mon, 24 Oct 2011, 09:05 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.
Deepavali week ... havent check on the shorten trading week. With only WCT-wb to play with, I m too busy and out of markets. I shown KLCI chart to my tratles and charts DO NOT lie. Some funds might pump up our few KLCI-index counters, overall market is still not good. While the rebound might still be there(US up 270 points!!), it is time to reduce exposure ... year-end rally?

WCT-wb : Cleared some at 0.42 done. Waiting to clear more at 0.425 and 0.43.

ENG : Cleared last Friday at cost price as it is stucked. Today, it is down below the current low of 1.52, which is NOT good. Thailand's flood is a high risk at the moment. If it really go below 1.30, alert me again.

BULLISH : KLCI at 1460 level now. Who are those saying KLCI will be bloew 1400 by year-end? Hmm ... if I post another survey TODAY, those answering today will tell you above 1500 or 1600 now. That is how volatile market is ... no need to predict much, follow the trend. Once reversal, ikut saja la. But due to the RISK of bear-rally and overbought situation, REDUCE exposure or short-term trading is advised.

Contrarian : When market up up and away, it is time to SELL. That is always in me ... doing the opposite of what others doing. I am a short-term contrarian ... haha ... follow the herds, get out ... and wait for it to dive dive lower ... when many of those sense-less young kakis in forum talking about lau-sai or some older ones(can I call auntie-uncles or not? It is due respect la, of age)

Anyway ... many have these in mind --- to profit from market!! I am not qualified to tell you what you should do to profit from markets, but I do think I know what it takes to control our fear-geed. Once the psychological part is taken care off, we could focus in our trading using some mechanical methods. And once knowledge increases, we could move around more comfortably.

YTLLand : Chasing her this morning ... haha ... buy buy buy ... later it shoots back to 1.80 level, how? Hmm ...

12.05 pm : Time for lunch ... HSI up 700 points. KLCI still up 20 points. ASX up almost 3% this morning.

MEGB : Master with skills today la .. up to 1.30 soon. Nice move ... buy.

Faber : Released her too early ... yup, got a right stock, too kiasu and took profits 10+% ... but that was in days wor? How to chase now?

UOADev : Grabbed at 1.20 was good ... but but ... cannot wait for 1.60 level meh? hai-ya .. wasted my dinners.

Yes, UOADev and Faber were a good trade for me but at times, I do take profits too early. Need to learn how to be greedy!! Haha.

Tratles's FB : Posted YTLLand, MEGB and Malton for discussion today. Yup, discussion means LEARNING to check on HOW I see charts and stocks.

Qinfa : At 1.35 now. Shared with my tratles last week why buying at 0.90 is a perfect level. Hehe.

Nope, no point sharing too much here, many prefer to know what stock to buy(stock-picking) rather than learning. Anything I am sharing with my tratles is for their LEARNING. Once they are with me for another 1 year, they will understand how my brain work ... and perhaps adapt some strategies to their OWN risk appetites. Besides, most of them reading my blog are those KLSE-kaki. Let us keep it to ourselves?

2.20 pm :  KLCI in green .. I am wearing green, of coz.

Puncak : Going above 1.30 today ... it is peaking? I am letting her go ...

4.30 pm : HSI up 750 points. KLCI still up 15 points. Saw Tenaga moving ...

WCT-wb : Showing weakness ... so, cleared.

MBSB-wa : Still strong ... good.

MEGB : Breached 1.30 level. Good.

YTLLand : At 1.24 vs 1.25 level.

TEH
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