My Trading Adventure
Stock Watch : Genting and GenM
CP TEH
Publish date: Sat, 18 Aug 2012, 07:45 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.
GenM : I have shown earlier my trades on her from buying below RM3.40 and also average down at RM3.28. Today it is at RM3.48, about time for me to release her ... as it is testing 50MA. I am still waiting for some signals to sell. Could it go above 50MA ... and to my target of RM3.60? We shall see ... GenM is always a safer trade, so I could buy into her in larger portion.
Genting : While GenM moved above 20MA, Genting is lagging and testing 20MA now. As I have bought at a good price RM8.88, Genting at the moment is at RM9.06 level. I was planning to average down at RM8.50 but it looks that it is on the way of recovering. So, I will sell all my GenM and average up Genting if it managed to clear 20MA.
Making trading SIMPLE is my policy. Simple understanding how these stocks move(I have traded both many of times and that could give us the understanding of the characteristics) ... and using simple charts to trade.
I am NOT a believer of technical-analysis with all those indicators. What I do share with my tratles are a system to trade, from trading plan ... understanding of some fundamentals and how market works. It might takes some newbies years to learn, if they ever want to learn. Most of them will fizzle out ... mis-lead by forums, mis-lead by many opportunists who want to sell them softwares and trading courses. And most of those trading courses costing thousands, as if we could trade after attending those courses
(I want to guarantee those newbies that you will NOT be able to trade well AFTER those courses as it is not the course, it is our mentality in leanrning and trading)
and gain back those thousands ... you could not. Serious. I wont say "I can do it, so can you" in this case as I do believe majority can't. They prefer easy way out such as making noises in forums or listening to some easy-money tips, without realising many out there are 'runners' working for some syndicates or some are trying to convince others their 'calls' ... I told you so that KNM will jump up, see see ... hmm ... sound familiar?
I did not tell you I know GenM or Genting will rebound. I do not know ... if I know, will I bother to buy into other stocks? How about put ALL my money into GenM at 3.28 and sell in stages ... or perhaps when it reaches RM3.60, I sell it all? Logical?
If one is emotional in trading or in markets, without a system ... without a plan, there is no way we could trade well. Seeing things LOGICALly and using BRAIN is very important. With majority 90% retailers losing money, why are they still doing what others doing(like buying softwares or getting tips from forums?) ... to join the herd?
We should be doing the opposite, be a contrarian ... and doing our own research. But ... majority want to profit(yeah right ... tell me about it, you are not logical again) ... easy money and they take stock markets as a 'gambling' place. With such a mentality, it is easy to explain how those 80-90% of us losing money?
Anyway, have a nice journey back ... think about what I have to say here critically. Think about it if you are still losing money when KLCI hitting new high, actually. The chart of KLCI showing weakness, but we will check again .... to see what will happen to my two Genting's bro-sis.
Happy Raya ahead.
TEH
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Discussions
3 people like this. Showing 6 of 7 comments
I respect n honour ur logical arguments investments in Bursa. In my opinion many retail players lost money cos most of them got carried away by listening to all kinds of goodies goodies news in d broking firms. M a full time pensioner n invest in bursa purely on fundamentals. I must admit bluntly its now easy to make money in Bursa. Nevertheless, u can try to outperform returns fr. Bursa than banks if u hv a simple trading system. Lastly, don't let emotions overcome u in Bursa. Once ur profit margin is achieved run for life.
2012-08-18 15:41
Hi CPTeh, Selamat Hari Raya! How is your FKLI doing? It is disconcerting to see KLCI index going up up and up when the economy outlook is not so bright. I'm just waiting for my sell signal, then will cover long and go short.
2012-08-18 22:55
Oh yea I'm unable to find CPO data in Chartnexus. Sifu CPTeh do you know of any alternative TA program with CPO data?
2012-08-18 22:58
Start with reality, give it a thought then come back to reality. Don't think too hard, think smart. Can play efficient with more efficient players ? They are smarter than us.
Beside monkey story, heard of the fisherman story ? Cast a net, let the small fish swim through and catch the big fish.
Selamat Hari Raya to all.
2012-08-19 11:32
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CP TEH
Hi Kian Wei
It depends on individual risk appetite, time frame and trading plan.
One may want to go for strong uptrending stocks such as Padini and many more. One may like to punt into pure speculative stocks for short thrills. Another person may be using dollar-averaging and collecting good counters when the counter in correction mode, such as the two G. Check out GentingS.
There is not right and wrong, some wont touch call-warrants ... some dont even know what warrants are. Some will buy due to so-called tips places in forums while other do lots of personal homework, yet did not profit well. Some of us may be total out of markets by now as KLCI reaching new high, while another larger group will rush into current markets, confident that it will be 1670 or even predicted 1700?
I do not belong to any of the group, as I do not believe in pure FA, I do not believe in pure TA ... I do not believe in noises(but it is a good indicator I am using too. haha).
I am learning ... I am in the learning group, and I m going to learn how to trade those 'dividend' stocks, those with right-issues, those syndicated counters etc etc ... and currently I am learning to trade FKLI. Well, surely I will trade FCPO too. Then, I want to learn to trade STI or HSI index, learning to trade ETF(GLD, SLV, 2840.hk ... etc etc) ...
Those are my plans. So, being the REAL trader, I will need more years to learn ... and I have to be patient to learn.
If one could not even handle a simple Genting to trade, what are they talking about Permaju or call-warrants? I can't understand how their brains work, but I m surely know how my brain work ... it logical manner.
It is very difficult to trade. Newbies and novices stand no chance in longer time frame.
Thanks for giving me a chance to explain myself and sharing some words and my plans. Believe me, majority DO NOT want to learn and will get badly burnt. Too bad ... that is how market works.
TEH
2012-08-18 12:47