My Trading Adventure

KLCI overbought : SELL

CP TEH
Publish date: Tue, 02 Jul 2019, 11:47 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.


Today could be the best day to SELL ... so, SELL to keep cash ... go jalan-jalan and wait for sales again ...

POS : at 1.65 ... during sales, it was at RM1.20 ...

understand buy during sales? You mean, KLCI going to break 1700 ... ? or higher? And Tenaga going to continue to pull KLCI higher ... Tenaga back to RM16? hmm ...

Dayang during sales went below 90cents ... this very volatile stocks playing on rumours, news and media.


Bursa : At 7.08 ... I bought at RM6.15 ... during sales, didnt hold (not smart enough).

so ... it is logical ... buy during sales (oversold) and sell during hot market (overbought). Wonder how many actually doing such ... you can tell them overbought, they just started want to BUY SOMETHING ... I dont care, i just want to buy ... I missed so many 'opportunities'

Why can we wait for market oversold and tumbling down again? I wonder ...

well ... it is about PATIENCE  ... we cant due to EMOTION.

Control that ... be logical.

How to see overbought? RSI > 70 ... that is the time we PREPARE to sell, not buying.

How to see oversold? RSI <30 ...="" and="" buy="" do="" is="" it.="" just="" nbsp="" p="" prepare="" that="" the="" think="" time="" to="" we="" where="">
It is not the indicators or RSI etc ...it is ATTITUDE and CHARACTERS of retailers who can't control themselves due to ... MONEY involved.

Trading is THAT hard ...very difficult as it involves EMOTION ... i wont mind have an e-meeting tonight to tell u about that emotion control part.

Easier said than done ..

As I sold off most of stocks ... time to go jalan-jalan and close PC ...let those want to chase , chase la ... dont be the greatest fool lo ...

TEH





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