My Trading Adventure

Dealing with PAIN

CP TEH
Publish date: Tue, 16 Jul 2019, 11:53 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
Morning ... today is Tuesday 16th July.

11.40am : DOW at new high ... I m lost. How US up up ... we in red? Hmm ... with so many so-called BULLISH news plus many so-called analysts pointing KLCI to go higher, WHY are we down?

Trade breakout ... trade uptrend. Have to remind myself to ignore so many downtrending stocks that I like. haha.


BAuto : My recent cutloss pain as it formed a shooting star instead of breakout. then ... yesterday, it went up due to ... u read it, TOP 10 TOP PICK : BAUTO

And defying gravity, RSI so so high ... no logic. Technically it is a SELL or at least, dont take positions ... and wait for pullback (and it will). So, i have to wait for painful cutloss her ... ouch.

Everyday is a PAIN if u are in markets and cannot take the emotion ... pain of selling too early ... pain of missing out ... pain of holding to paperloss ...

worst pain ... those STUCK up there in SO MANY stocks ... example : stuck inside FGV, MYEG, GKENT, IQGROUP .... and hundreds more ... MMCCorp, Astro, Simeprop ... even inside KSL which jumped 10% up, you would still wonder when it would reach your cost price.

so ...if i m not lazy ...if I can find the mood ... I will write about TYPE of pains . retailers facing in daily basis. Some so immune to the pain ... some already stuck up there "NO EYE SEE" mode ... in denial ...


alright ... going for my early lunch ... perhaps, buy myself a nice lunch ...to cover the PAIN in BAuto? haha

Note : for those sincere readers ... to check on my updates, if any ... visit my blogspot instead of reading from third-parties sites.

pain to blog ... arrghhhh

TEH



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Discussions
1 person likes this. Showing 2 of 2 comments

speakup

stupid article! LOOK AT PENTA LAH!

2019-07-16 16:23

winbigbursa

Many pains in life are self-inflicted, cannot comprehend why one would choose to day-trade over the T2 contra or short-term trade, whereby, there would be time to wait for next day confirmation candle instead of put own self in a spot to foretell next day's likely outcome.

Maybe its the low brokerage fees of day-trade, which can also be enjoyed if one open a cash upfront trading a/c.

Trading need not be stressful or a pain, if one is prepared with the recent news flow on the stock, background price patterns of the targeted stock, such as support, resistance levels, moving averages, ema10,ema20,ema50 n relevant technical data which are available free in I3.

Of course, a normadic day-trader that moves from stock A-Z, would be more stress, compared to a resident day-trader , who trade a recurrent few stocks & keep a good knowledge of the stocks , fundamental & technical data.

Investopedia :

The candle that forms after the shooting star is what confirms the shooting star candle. The next candle's high must stay below the high of the shooting star and then proceed to close below the close of the shooting star. Ideally, the candle after the shooting star gaps lower or opens near the prior close and then moves lower on heavy volume. A down day after a shooting star helps confirm the price reversal and indicates the price could continue to fall.

If the price rises after a shooting star, the price range of the shooting star may still act as resistance. For example, the price may consolidate in the area of the shooting star. If the price ultimately continues to rise, the uptrend is still intact and traders should favor long positions over selling or shorting.

2019-07-16 20:33

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