My Trading Adventure

BULL DAY is a SELL day?

CP TEH
Publish date: Thu, 22 Jan 2015, 12:50 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.

It is noon now. Morning busy with trades and plumber came to fix a basin in my office!

e-mail : I have replied most of those e-mail to me ... but many do not even have the courtesy to reply me!! Many just disappear ... without a sound. Is that Malaysians culture?

Trades : HapSeng and its warrant are good trades. Sold some wa at 2.38-2.39 done today, keep the rest till reversal signals. Sold Supermax and FGV today. O&G counters moving today ... thanks to OPEC. haha.

check here : http://www.tratles.net/2015/01/21/stock-watch-hapseng-and-hapseng-wa/

As KLCI shot up yesterday and today ... hugely, I m in SELLING mode. We do not buy when stocks running up high, market sentiment is good. Well ... I prefer to be the contrarian. Your choice.

Being a contrarian, I like SKPetrol when it dropped below RM2.50 ... very nice as we collected around RM2.30. Today is RM2.80 ... heck, it is a SELL in my opinion. One moment it dived because of OIL PRICES down and SHARIAH stories ... today it shot up also due to similar news. Heck ... how now? buy?

I don't know ... what I do remind myself is 80% losers still out there. They are retailers. So, logically(which MOST 80% losers do not have ...) I will prefer to follow the 20%. They must have done something RIGHT ... and place them in winner-side. Yes ... besides knowledge and experiences, they are not doing what most losers will do(example : blaming their remisiers or anyone for their losses)


Next resistance for KLCI will be at 1800 level. I would rather short FKLI ... and SELL most of my stocks again if it really hitting 1800. Sit back ... relax and wait for CNY rally?

Lunch time

TEH
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Discussions
1 person likes this. Showing 7 of 7 comments

bursatigers

On 13 Jan you posted "Bull Day : Time to sell" and again today " Bull Day is a Sell day" Market Bull Bull Bull, you Sell Sell Sell. Didn't post when you buy. Got so much to sell? SK Petrol sold at what price? ter-sold at 2.68 or sold at the high of 2.80? Still holding your MYEG ?(which you ter-sold and bought back) or sold for a profit at the high of 2.70 today?

2015-01-22 17:47

chipekteh

Post removed.Why?

2015-01-23 00:51

bursatigers

KLCI breaking above 1800, would you rather short now and sell most of your stocks again?

2015-01-23 09:12

Kevin Wong

I think most of the 20% winners u mentioned are either investors or longer term speculators who didn't jump in and out of mkt everytime mkt shoot up or made a correction...

2015-01-23 12:07

stink

everybody likes to share their winning story, non wants to talk about their losses

2015-01-23 12:12

waicheong

CP Teh sold too early

2015-01-23 12:18

kingcobra

oh no not u again....cpteh

2015-01-25 20:35

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