My Trading Adventure

Why it is a sell now?

CP TEH
Publish date: Sat, 11 Feb 2012, 10:36 PM
CP TEH
0 2,918
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.
I am too tired to write as I have 'training' the whole day. But I do want to send this post out ...

Last week, a young new lecturer asked me about investment in stock-markets!! Yup, she and bf thinking of buying a property for investment and asked me about my opinions on going into stock-markets!! So, I simply advised her to WAIT for stock-market to dive down, wait for BAD news around and I gave her 10 good dividend stocks to choose from --- when market diving with darkest cloud around, with fear ... buy 30% on a stock. If it dive lower by 10% or so, buy another 30%. Lastly, buy all you can when it goes down another 10%-20% ... then HOLD.

Ouch ... yeah, you will get scared with such an advice as all people want to hear is ... today can buy as it is VERY bullish?

Then, the cleaner aunty overheard our conversation and also interested to know. I just said ... sorry, I m busy and have to go. Also, advised her NEVER to go into stock markets!!

Today, someone asked me about my blog and thinking of joining my stock-watch. To be fair to her, it is already mid-of-FEB ... I wont be posting any stock much ... it is a SELL SELL ... sell for me. So, I allowed her to 'try' out my page for 2weeks ... and she can continues into Mac if she is interested.

Now ... I was reminded again and again .... that I am 'always' wrong with my view in markets!! My flawed opinions have been challenged for no good reasons. I am merely stating my own views in markets in my own blog. Why should it bother anyone? I am NOT controlling the markets, right? Use some common-sense ...use that now before GREED overtook your emotions.

This weekend will be the third weekend I failed to buy "The Edge" as it was sold out in Mydin. So, I know ... it is becoming VERY laku now ... another reasons to know that it is time to keep away!! When crowds move in, do get out ... you might suffocate to death ... arrghh ... help ... we are in the bull  ....

Pause ... finally, the forums becoming VERY noisy!! It is so noisy that even non-related to stock-market's forums also talking about some stocks to buy!! You may want to go to RHB's, CNX's, i3-investor's or investlah ... or whatever-lah forums. It is becoming very noisy now. Do you know how I trade? Yup ... move opposite direction!! You knew it, I knew it ... to be contrarian ... but easier said than done, right?

I do not want to spoilt anyone's mood. Buy at your own risk, anyway. I am not 'cursing' the market to go lower next week or next month, ok? I am not saying BN going to lose some seats ... as market collapses like 2008 Mac, ok? I am just merely saying ... the signs are there for us to move aside.

Take a break ... as I will take a break from analysing.

Make sure the trades are short and place your cut-losses tight.

Good luck.

TEH
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Discussions
1 person likes this. Showing 4 of 4 comments

cmlooi

Yeah, wait till the mid East problem blows up.

2012-02-11 23:35

Jason Khoo

Cpteh: I Agree with u. Market going to worse. Hope europe proble settle asap. TQ

2012-02-12 00:20

ktrader

Yeah....a contrarian cikgu indeed, he he he...However stock market guru Fred Tam says otherwise...still bullish !!

2012-02-12 07:51

cpteh

Yeah ... we all should have our own opinions. Being a short-term trader. I will still ride on some babies but clearing most of my stocks like Axiata, AirAsia, RSawit and ... will clear Benalec too. I will be out. I respected Fred Tam and his books have been my guidance. He might be with longer time frame. I will only move back in when it corrects ... well, I am always wrong, anyway. Thanks all. Good luck

2012-02-12 08:47

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