My Trading Adventure

Avoid downtrending stocks

CP TEH
Publish date: Sun, 14 Oct 2018, 09:26 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.
Following Message


Sunday morning ... last night I gave a few stocks which either a pump-dump or the trend is over.


Netx : will they pump-dump again? I don't know ... if u wish to gamble ... be my guess.


ChinHin ... with construction theme is over, it is back to 72 cents level.

http://www.chinhingroup.com/

note : avoid building materials companies, even it is trading at 'low' PER ... it is not sustainable.


Coastal : going into new low ... with negative PER now. AVOID.

TEH
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Discussions
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winbigbursa

its one's own mindset that determines one's success or otherwise in stock trading/investment.

Unlike additional maths, where there is a fixed solution to a question, (QED blah,blah,blah), success in stock market is better achieved with probabilistic thinking (there are multiple possible outcomes in any stock market scenario, with varying probability of happening).

So, its not do's n dont's as such, rather a flexible mind, to see that mr. market will always act to prove you wrong.

Like when KLSE break below 1700, it may not mean short KLSE is a sure thing, cause it may rebound strongly the next day.
Or when Nasdaq break 8000, its a blast, sure to hit 10,000.

isnt it presumptuous of a day trader,who is in one moment and out in a jiffy, to assume that he can make a right call on a stock's direction, and give advice to newbies ?

Newbies may appreciate better if given pointers on stocks that have higher probability to bring profits rather than obvious verbose.

2018-10-14 16:22

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