DOW at one point dropped 230 points last night. We are in such a volatile market that buying becoming so short-term ... and holding-on to our stocks may not be what we could stomach. So, the general advice would be ... stay-out or buy only good defensive stocks.

BJToto : This is something good at current level, just registered a good profit but back down to RM4.10 level. RSI at 35, going down another day to RM4.05 or below should be a good level to grab some.



IJM : Looking at RM5 level now as the current support expected to be broken. RSI at 40, prices still drifting lower. Note.



BIMB : Broken 1.76, recent low and with bearish outlook, we should look at RM1.60 level next. RSI at 31 level, if it dives to RM1.60, that will be a good level to grab.

Comment by StephenLee : Like a kid, you has not tuned their mentality to be creative, thinking, manners, respect and logical reasoning. Just like in College and University..lecturers spoon feed them and give them notes and give them answers before the examination questions or the examination papers as project papers and some of the examination questions are objective. The U just produce degrees but students cannot read and write proper english and produce papers. Some of the papers are cut and paste. Likewise you have taught the turtles to apply what you taught but all the turtles learn to cut and paste to get profit without proper LEARNING the foundation of TA before hitting to the sharemarkets.....Your turtle..hehehe just follow the leader and that is how the turtle followed you blindly and in the event the shares plumet and you have cut loss but your turtle did not know you have cut loss and they have not apply the techniques you have taught them. Cherrios happy learning.

TEH : Hi ... thanks for your opinions. You are right, we are all different. Now, it is NOT possible to change anyone's mentalities in short 3 months? Some are veterans in KLSE, more than 10 years and they way they traded without chart, without plans .. and without much convictions, just like majority in KLSE(who losing money, obviously). They are new ... to TA and trading in proper mannr. Give them time ... some may needs longer than others, but should be OK.

I did tell them to cut at 1.36 if buying at 1.40. But, it is NOT easy for novices to cut their losses short, right? It is simply VERY difficult to cut-loss in most of traders in markets. It is just ... Human!! I am sharing with them that trading using TA means ... taking that emotion out of trading so that we could be trading mechanically. Seriously, I do think it is easier said than done ... and it takes time and practices --- lots of it. I should know as I 'came' from their levels or low. I came from ground-zero, so to speak.

Yes, I am VERY positive about their learnings ... those who do not wish to learn WILL NOT be able to learn, anyway. They will drop-out as trading is NOT for those lazy-ones, those with gambling-mindset and those with high ego.

9.45 am : KLCI in red

SYF-wa : Bad trade, have to cut loss, lost RM400 on that.

Proton-ch : Let the winner runs? I have taken profits yesterday, and riding on her again today. Proton going for 4.40 now.

10.50 am : Sold my Proton-ch at 0.44 done. Wow ... collected early in the morning just now, for 10% trade in 2 hours!! What is so good about Proton, anyway? Will check how far this could go, if the momentum still there to buy back. Crazy man ..

EnVair : Cleared at 0.295 yesterday morning, closed at 0.255 and today at 0.265 now. Queueing at 0.245 today wont be done?

RA : At 0.120. Will collect at 0.115 or lower. Bought 0.125 yesterday.
I need to finish my markings today.

BIMB : One of my tratle, AL, brought her up for discussion last week as it was at 1.76-1.78 level and he bought into her. It went to 1.70-1.71 ... and today, I grabbed at 1.71(see chart above). It is at 1.81 now. Teaching them how to see charts is difficult. JL brought her up to further discuss that buying at 1.71 having a good RRR. I wonder if he bought her at 1.71?

Affin : Flying too ... at 2.90 level now.

UOADev : Still touching 1.36 but fails to break higher.

Call-warrants for UOADev

ca : Cannot touch as the exercise price is at 2.52, with ratio 3.

cb : This is a better bet as the exercise price ar 1.45, ratio 3 and expiring next year-end

cc : Ok too but high exercise price at 1.55, also ratio 3 and expiring next year-end.

I am watching these while waiting for my UOA reverses.

Note : All novices and newbies are not advised to punt into these very risky instruments.

BIMB : Another good trade for a day.Of what I knew of, only two of them into BIMB and selling should be at 1.90 if it fails to break this current resistance. Huge volume coming in ... yes, I said .... when many aunties-uncles jumping into a stock, we should sell to them and look into something else. Bear in mind, many will only buy when things shooting very high. Illogical? Ask them, then.

RA : Queueing to collect at 0.110


Rule #1 :Do not lose money

This is the first rule I placed for my tratles ... yeah, it is also W.Buffett's first rule. In trading you will surely lose some trades ... so, in trading, the rule differ a little. Lose it small, cut-loss when it reaches your cut-loss point.

How do we lose it small?

Well, few pointers I do shared with all my tratles ---- to reduce the RISK. Yup, then I placed 3 rules for reducing the RISKs. Some might learn it well, some might take it lightly and claimed they have heard of those rules ... and some might even dont bother to listen. Some listened but forgotten ... so, I am very long-winded... I will remind again and again in our page. Haha.

Example : If the trade we PLANNED goes against us, we are protected by the cut-loss point. Then, we should reflect on WHY we have taken the trade in the first place. Have we followed our plans?

Trading Plan .... it is something many overlook its importance.

So, I am giving some simple LOGICAL tips that everyone should know how I am protecting my tratles-group from losing money. Simple policy ... if you do not lose money, you are the top 10% in markets and then, do it consistently ... you will be a winner in trading a simple KLSE, for profits.

With 30+ of them there, I could not know what they are trading. It is up to them ... I could only advice, they have to take actions and responsibilities for their own trades.

4.25 pm : KLCI is recovering!!

EnVair : Missed her at 0.260 as I queued at 0.245. At 0.285 now.

BIMB : It is at 1.75 now, touched 1.89. When I sold at 1.83, I sold too early but now can think of grabbing back?

TEH