My Trading Adventure

Dollar Averaging : GTronic

CP TEH
Publish date: Wed, 27 Jul 2016, 11:49 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.


GTronic : DIVED to support today ... see chart.

Let's us use the dollar-averaging method to buy into it.

Assuming we did NOT buy at RM6, ok? We shall start with RM4 ... just as similar to AEON, my previous recent example.

AEON : http://cpteh.blogspot.my/2016/07/dollar-averaging.html

Assume that each time we will buy RM10k (whatever amount we feel 'comfortable)

RM4.00 x 2,500 units = RM10k (done)

RM3.50 x 2,860 units = RM10k (done)
QUEUE TO BUY : RM3.00 x 3,330 units = RM10k

 As it is going lower, we shall continue to accumulate ... every 50cents lower.

The rule to SELL is every 50cents up for each level.

To modify this rule ... I shall place : start buying 50% below the peak.

Example : AEON ... peaked at RM4, we should only start buying at RM2.

GTronic high was at RM6.60 level ... half of it is RM3.30

So, we should only start to buy at RM3.30!! Using RM10k for each level ....

Level 1 : RM3.30 x 3030 units = RM10k

Level 2 : RM2.80 x 3570units = RM10k

This one looks more reasonable ... buying into whatever stocks we like, without using any technical support. Of coz, I am assuming that the stocks that we will buy is fundamentally strong ... GTronic giving dividends too ... just that their profit dropped 60% plus ...

Selling for level 1 is RM3.80 and so on.

Just sharing an idea ... work or not? Can try to back-test and check.

Time to zzzz

TEH
More articles on My Trading Adventure
Updates on ABMB and AirAsia

Created by CP TEH | Oct 15, 2019

Waterfall : LKL

Created by CP TEH | Oct 06, 2019

Oct 2nd : DOW minus 343

Created by CP TEH | Oct 02, 2019

23rd Sept : One week to go

Created by CP TEH | Sep 23, 2019

Formula for success

Created by CP TEH | Sep 18, 2019

Steps to be 'successful'

Created by CP TEH | Sep 17, 2019

Discussions
1 person likes this. Showing 4 of 4 comments

ipomember

Just sharing an idea ... work or not? Can try to back-test and check.

well this is not a good idea, how do you back test it? Every scenario is different dude, dont dump your money into sea.....

2016-07-28 01:55

mikejal

nice sharing

2016-07-28 13:28

Up_down

Purely applying TA. It seems like Tarak Akal. I am not a big big player so I will buy only when it has started showing a reverse trend of its top and bottom lines.

2016-07-28 13:48

ViWizard

magic ? haha

2016-07-29 00:10

Post a Comment