My Trading Adventure

The Trades III

CP TEH
Publish date: Tue, 24 Jan 2012, 10:00 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.
Note : Me and my tratles trade for the past 2-3 months.

The Trades I : http://cpteh.blogspot.com/2012/01/trades_16.html

The Trades II : http://www.cpteh.blogspot.com/2012/01/trades-ii.html

The Trades I : AMMB, BJToto, Malton-wb, RHBCap, PChem

The Trades II : Affin, Jaks, RSawit, Unisem, XinQuan

The Trades III : BIMB, HuaYang, MahSing, Mudajaya, UOADev

The Trades IV : BJCorp, Coastal, GuanChong, Maybulk, SuperMax


BIMB : We were all busy discussing about BIMB as some do not even know what the counter is about. AL posted a good trading plan before taking positions around 1.75. It went below his purchace price and many buying at 1.70 levels. For the selling, I sold around 1.85 levels(cant recall) as I was still riding on BIMB-cc. I do not share it here(I think) but told my tratles that this baby could give me much more and asked them to ride on her mommy. If they know how to trade well, taking profits should be around 2.05 levels. That is 30cents profits .. emmm ... about 20% profits in one month?

Recently BIMB broken its resistance and shot above RM2.20, the current profit-taking is worth watching to ride on the trend. Yes, I am considering her again ... watch.



HuaYang : This charts more lines, more words as I was sharing with my tratles and explaining to them why I see 1.15-1.16 levels was a BUY. CT questioned me and I gladly answered him. I could not tell him then ... today, due to bull-market(haha) ... HuaYang trading above 1.30 now. Heck with the so-called good profits news ... upgrading by your brokers. We, as traders need to learn to check on charts and making senses of the movements. Yes, PURE fundamentalists will shun technical-analysis but I am going to show them that buy-n-hold NO LONGER make senses in such volatile markets. If you dont sell for profits ann move away for another good trades, your profits might vapourise ... in weeks.



MahSing : This was highlighted by one of the tratles but I missed the whole show!! So, I am pointing it here as few of them took the positions aorund 1.70 levels. Some have sold earlier at 1.90 levels but some might hold till RM2 above. I do not check on their buyings-sellings but discussions were basically on the technical landscapes of the charts. So, I do not put a buy-sell call ... such commitments are difficult as we DO NOT know if they could understand the risk of markets.

Recently, MahSing came back to 1.92 for us to collect again. This is for traders ... we buy at 1.70, sell at RM2, buy back during correction(with cut-loss in place) at 1.92 and still riding it to check if it could break the next resistance. It did ... be glad to ride on her further and checking reversal signs. Slowly I am teaching my tratles to be independent and learn to check on reversals to TAKE PROFITS.


MudaJaya : I have sold her at RM2.40 some time ago after taken some dividend. It came back down as I took the trades with BL. He got his dividends too. So, I asked him to watch RM2.20 level before buying again. He grabbed at that level, only to see it consolidated at a range 2.15-2.25 ... it is testing his patience!! Haha ... still remember when he kep asking me if he should see this one as the capital stucked!! And I told him ... the longer it stays in the range, the strong the base is ... and when it shoots, it will be strong!! And recently, it did ... many are in this trade too ... but I do not check at what level they sold. BL sold at 2.50 levels, so as I was sharing with him much for past few months about MudaJaya ...I ahve asked him to post the trades in our blog. That is called trading-journal. Yes, I do teach them trading-plan and trading-journal. It will take them TIME ... to learn to define their plans(if any) and jotting down in OUR BLOG(a new closed blog) for learning purposes!! Bravo ...

I moved in again as it broke-out from the pennant-formed. Interesting to watch as my new trades in place ... fundamentally, I still like her very much!! No, you dont want to talk to those pure-fundamentalist as they have many cramped opinions about ANY counters.



UOADev : To me, at 1.32 levels is a BUY ... when it moved to 1.37 is a average-up point. To prove that the trades done well, we need PATIENCE to wait for the trade to be un-fold. Many of my tratles bought at 1.35 levels ... some sold too early, some selling at resistance 1.54. Another leg-up is possible now after sleeping for so long. Now, when I have free-coffee(on EK) at Old-town, I was with BL, EK, AC and a new friend of BL(AK ... joining my cohort-5 ... another young and very smart guy) ... I shown them the strong buying at 1.38 and told them this is supported by some funds ... moving into her and will push her up, matter of time. It did about 2 weeks later!! Interesting to watch, right?

Note : Trading and Investing are a total different thing ... learn the differences and you will know how to handle the trades better. I am certainly STILL learning.

Yes, I am glad ... many of my tratles slowing seeing trading with KNOWLEDGE is essential, rather than just a mere pure-punting or guessing. They have been with me for short few months now and these stocks being discussed in our facebook. I have wanted them to keep these trades and the conversation, with questions etc etc ... yes, for learning purposes. As this is my trading-adventure, I am jotting here those trades we have taken. It is not for you to believe or not. It doesnt matter to me ... if you learn something from here, that is my objective of sharings, anyway. But ... if you have high ego and WILL say these are BS or you could do much better(without bother to share ... or teach others to trade better?) ... certainly this blog is a waste of time. Those pure-fundamentalists do not be here too as yes, I do trade base on technicals. Those punters wont like it here too as I do not(and will not) share how to trade DVM, Harvest, Hexagon, Saag, Ingens ... and many more 'hot-stocks'. I simply dont kow how to trade them(I am willing to pay RM500 per hour for those who know how to trade those stocks successfully).

My tratles ... before they joined me, many trading without using charts ... today some of them could appreciate charts(must be used effectively la) ... and many of them DO NOT lose money in markets anymore.

One of the first thing I shared with them ... dont worry if you are losing or lost in markets as there are huge 80-90% of them in KLSE are in your shoes. It is matter of them they will either searching around to learn OR give-up after their ego badly battered.

I do have few losing trades which I will share too ... as traders, we do keep our losses SMALL ... while take many good trades and ride on them.

Today, I am still hoping to teach them a little more ... and hoping they could help each other. I have 30+ of them and with my coming cohort-5 in place next month, I will have around 50 of them!! The tratles-family is growing ... and learning!!

Tratles : BL, AC and EK are from my cohort-1, CT from cohort-2 and AL(introduced by CT) is from cohort-4. I will mention about them more as they are slowly playing a part in my trades. They have spotted a few good trades for all to share.
Will continue with Trades IV, V ... and such.

TEH
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