Mahathir never had hatred for Najib... He had undying love for Malaysia instead.. See the difference?

Thus, if one could look beyond the person and have an appreciation for his unselfish sharing, guidance and contrasting comments, maybe one could see beyond the hatred

I think it's every speculator's dream to be able to score Warren, Dr neoh, kyy or otb type of home runs and multi baggers but the question is, does one possess their temperaments, acumen and instincts?

These virtues are called The Edge (not the newspaper)

When you do find yours, you'd not be jealous of kyy or otb because your edge would have allowed you to make money CONSISTENTLY and that ultimately, is the key to success..

There is no need to ridicule one another.. Respect and appreciate their generosity in teaching and guiding.. Learn as much as you can, discard what's not aligned with your objectives and absorb what is... Soon, you will find your edge and trade without hatred and fear

A mentor once told me this...


the road to financial freedom consists of 3 paths.

First, you have to be VALUABLE to your stakeholders in order to generate INCOME for you and to then INVEST that surplus to grow your net worth.

So, if you are already INVESTING your monthly leftovers, you are on the right path to financial freedom. If you have surplus and keeping it in savings, you need to make your money work harder for you. Spend it on assets.

But If you have no leftovers or always in negative cash flow, work on how you can increase your VALUE instead.

We are exchanging our time for money and the fact that your colleagues earn more than you simply means their time is more VALUABLE than yours. What are they doing right that you aren't? Increase your self worth, learn new things, take ownership, develop your strengths, have a positive mental fortitude and your value increases. That's your first step to financial freedom



On how to increase your value, here's an immutable tip from the incomparable Li Ka Shing on how to buy a car and house within 5 years... His common sense approach beats any academicians and theorists on the subject of achieving financial independence

https://e27.co/li-ka-shing-teaches-buy-car-house-5-years-20150408/

@gator, no disrespect but I doubt your remisier would pay attention at all not to mention probably doesn't understand price and volume relationships besides keying in buy and sell.. LOL

In any event, it's good to sell some into gap ups and watch again.. Good luck

My advice is this, Friday was a high volume day signifying possible end to THIS PHASE of the rally.. .. What I'll do is Sell some into gap ups on Monday (usually a trap), watch if gap is filled, if yes, sell into rebound (if volume on rebound is low)... One more chance to sell is when previous congestion support is broken with volume on the downside..If gap not broken, hold and watch for signs below

If it opens lower on low volume, wait and watch the rebound.. If volume is low heading near previous high and then increases significantly within a range but cannot break high, possible distribution.. It will head lower on a higher volume then trade within a congested range on light volume... Next break down (or up) on high volume is the new trend...

This is called anticipation... Anticipate the possibilities and react accordingly so that you are ready to take action...

Note that this is a trader's view.. And I do have a little left which I'm disposing on Monday.. Good luck

Simply brutal.....

At this juncture, it's more of a psychological decision than a practical one if one is still holding it..either cut it off, take the loss or simply switch off and don't look at it...

You will need some emotional healing... Stop thinking about the past (of why I didn't sell earlier) or the future (what if it does the opposite after I sell).... This moment of NOW, you always have a decision... Choose a decision that best release you of emotional stress... It's hard but choosing to heal and move on is the best way forward

There are many things to look forward to in life than a temporary financial loss which is simply a score board of one of the many games that life will challenge you with..

Be strong

@jonathan keung.... See if you can understand this simple statement, stocks are driven up to go down! and the reason why its going down is because stock has been transferred from strong to weak holders... So until and unless stock is transferred back to strong holders, the play will not resume..

As long as the operator is convinced that supply is still substantial on their tests, do you still play or you hunt the price lower to weed out supply? That's why you see all these low volume upside and higher volume downside and the very brutal up thrusts play, that catches many traders into position

The good news is that stock will be collected back for another play.. Bad news is you don't know when... So, sitting and waiting patiently is also a virtue

>>>>connie morning ayoyo ... really not easy to be a full-time trader :) once again, thank you very much for sharing ... it is very interesting to know how a professional trader rocks-n-rolls with mr market !
04/04/2018 10:26<<<<

Firstly, you must have a passion for this business.. Deciphering chart after chart after chart.. Forget the money for that is only the scorecard... Winning is the ultimate objective...

Secondly, you have to have a belief system... That you throw the random walk theory out the window and believe that almost all stocks can be manipulated... Price is the result of their efforts while volume is the language that they communicate their intentions..

With these belief systems, you will then pursue ideas, books or teachers that will guide you along your path.. Finally, tweak whatever you learn and make it your own because whatever systems that worked, it worked for them .. To follow blindly is a surefire recipe for disaster.. Find out what works for you, find your edge...

Good luck

@connie,, lastly, effort doesn't necessarily translate into results because emotions do occasionally will override sound judgement.... Fear results in missed opportunities when a good setup is forgo due to other concerns... Greed turns a good trade into a loss because of a stubborn belief system.... Yes, I still make these mistakes especially when you have a string of wins that makes you big headed

@connie, since market is dead... Can chat a little.... My stock screens are a combo of MetaStock default consolidation, price and volume breakout but tweaked with my own defined filter and my own devised formula in MetaStock looking for potential continuation candidates... Also, looking occasionally at the day's top gainers for opportunities and also trading ideas from i3 forum....

If you still wanna be a full time trader, you may think twice after reading this... The daily ritual of a trader... LOL

Evening - download eod data and run thru stock selection with the above formula... Will yield about 200 stocks, manually and quickly screen thru their charts....for potential candidates, study individual tick charts on bursa station professional for price and volume action... If passed, set price alert on bursa station. Final filter around 10 to 30 stocks to watch....

Morning - read all business dailies for ideas... Markets open.. Throughout trading day, occasionally looks at top gainers for opportunities..

If a price alert is hit, quickly check tick charts for price and volume action before deciding to take buy

Repeat daily..

Now, if you have still not given up, tools of trade needed are MetaStock and subscribe to bursa station professional for being able to set price alerts, download eod and view tick charts in dynamic format..

Still wanna be a trader? Lol

connie yes rchi .. dragonslayer is uniquely charming :) i came here looking for ayoyo but don't have :(

Yes, Connie? How can I help? If you want an opinion of HY chart, a kid would also know that the chart is bearish.... But from price and volume perspective, where prices are narrowly spread locked in a slow downtrend with more or less even volume, it signals sustained selling with some absorption for a near future play... More likely one that is a sucker's rally...problem is, how much can one endure the sustained downtrend before the definite bounce (masteel is an excellent example of this trade pattern)

For those intending to sell, you will have a final chance to sell into this rally ... Usually sharp, swift and with a volume spike to catch traders into positions

For the traders like myself, we wait for the volume signal to show its hand and then ride it for whatever is left, before the arduous base building starts all over

Otherwise, the market is dead... We will just hibernate till spring...

3iii, your Masters thesis can be summarized in one sentence as follows,... Whether one is an investor, speculator or gambler, the time to exit is when the reasons for owning it in the first place are no longer valid... There, done!

Qqq3, you seemed like an intelligent person but I'm curious to know who appointed you as their savior against otb methods? As rchi has pointed out, it's a fringe 'benefit' of being ridiculed when wrong, and comes with the job... Let him answer to his subscribers... If you want to be a vigilante, why not train your guns against tan teng boo or even Fred Tam, whose clients are losing badly too from what I heard...

For otb subscribers, it's a learning curve... If you take this loss with a vengeance, then you have learnt nothing.. But if you take it as a lesson to improve your acumen and understanding of what works and what nots, then you can still walk away with a badge for your trading adventure...

Ultimately, everyone comes here to get trading ideas.... The mantra you should hold is, trust no one and always, always remember this sentence, if the reasons of me buying it in the first place are no longer valid, then it is time to exit.... The first loss well taken is just as good as any profit

Any intelligible postings are lost in the mindless fight between a broken record and a sour grape :sigh:

Grow up, guys move on and get a life

Be very careful, too many bearish tactics.. Low volume up, high volume down, up thrusts... Looks like headed for a breakdown soon... Pray and hope the 7.5 holds

Don't worry.. There was a significant shift in volume momentum to the upside in the afternoon session.. What should follow is a meaningful rebound... I'm in at 7.72, 7.99, 8, 8.02

How far will it go? Dunno but I guess until the volume momentum shifts to the downside?

If you guys have access to the intraday charts, spread the intervals over a one or two week period, look at the 15 and 30 min charts, then 5 min to check on the wave within the individual bar volume spikes, you can clearly see that volume has been high on downtrend while recovery volume is weak and is an obvious trap...

Wonder why the fixation with needing to catch a falling knife and buying at the absolute low? ... Let it play out by itself.. Eventually, they will show their hand.. It's ok to pay a higher price for a ticket when you have better confidence in the train departing

@connie... Like I said before, there are many Sifu with even more tactics... Take them all in but remember to work on finding your own edge from them..

It'd be nice to chat with like minded traders but I only post when I'm in the mood.. Anyway, with your experience and knowledge, the book I recommended to you earlier will give you many ah-ha moments

All the best

@connie.. Actually, I don't advocate one bid breakout buy.. There are too many upthrust traps... Learn to look at how price and volume action play out during breakouts, what happens during consolidation, look for low volume test on immediate support, watch for good (not excessive) volume on the subsequent breakout..

The journey to becoming a pro trader is very painful and frought with many heart breaks.. But don't despair, if you want it bad, really want it bad, the universe will show you many signs and paths.. You just need to be open to accept and absorb and then you will have your ah-ha! moment.. That is the Law of attraction...

Obstacles (or losses, in this case) are temporary challenges that exist in our realm, that when overcome will propel us to a higher level.. If one takes the losses, blame on others while never reflecting, then he will be confined in his cocoon with the feeling that the world owes him a living

Good luck

@connie.......My trading time frame can be anywhere between 3 minutes to 3 weeks... Occasionally, I do hold for up to 3 months but this rare because the longer I hold, the more reasons to believe I have been wrong in my original trade... It depends on many factors... Is the stock showing inherent weakness (look at the left of the chart to determine if signs of distribution had taken place) or is it falling in sympathy with the market, meaning the stock was strong, rising with good volume (not excessive volume) but falling due to immediate market sentiment.... Good example was when Hengyuan fell drastically on open when dow fell 500 to 1000 points... That is the time to load..

Let me give you a hint on my trade setup.. Many Sifu like Fred Tam advocate buying one bid above above the breakout line... I want to see a successful test of that breakout before I buy (there are signs)... Occasionally, when I get too excited, I break this rule and get caught by the Syndicate's upthrust tactic... Learn to recognize it.. It will save you loads on losses..

I screen potential charts based on daily prices, watch 15min or 30 min charts to filter the noise and use 5 min charts to ride the trade... You do this because you want to decipher what a block of volume was doing in shorter intervals than to simply see a long candle with high volume spike..

The market is dynamic and I have total respect of that which is why I cannot predict the future price but I have within reasonable assumption, anticipate its intention and take appropriate action

Posted by connie > Mar 11, 2018 04:43 PM | Report Abuse

ayoyo .. reading your posts with great interest ! wud be great if a professional trader like your good-self cud share a few pointers with us .. can we step into your trading realm to learn a tricks or two ? :) warmest regards

=

@connie, I had a look at some of your comments and deduce that you are, or at least, aspire to be a trader..

If there is one opinion I can offer you is this, ditch ALL your technical indicators and learn how to read price and volume EXCLUSIVELY...

Smart Money operates thru price and volume only... Price is the result of their effort (whether to drive up or push down) while ... VOLUME is the language they communicate their intentions...

They won't care a monkey's ass over technical indicators because the price will lead and reflected subsequently on the indicators..

However, they do respect support and resistance lines, especially the most recent ones.. Anything more than 52 weeks, discount the importance if the support and resistance to 30% (that's why you see prices shoot thru 52 week lines easily)

It is how the price and volume reacts at and within those lines that are important to you in the reading of smart money moves... The quality of the move, whether it is breakout or breakdown, is assessed by what had happened TO THE LEFT of the chart

What am I talking about? Download and the read the book, the Undeclared Secrets that Drive the Stock Market, by Tom Williams, written in 1993...I think there's a free pdf book if you Google it

if you can understand the concepts presented, you are a step closer to deciphering the smart money trails

@klci king, knowledge or information by itself will not yield success... The one thing that separates the successful from the mediocre is how they make sense of all the information by putting an order or structure in a sea of information chaos

Therefore, even in reading charts, to shoot at anytime that moves is a surefire way of retiring your trading career prematurely... The key is in trying to sift through the clutter and noise and only take those trades that put probabilities in your favour...

In a public forum, anyone can talk, some genuinely, some with motives or others, simply plain idiots... Learn to separate the wheat from the chaff

To add: my best advice for someone who intends to dabble in the markets is this... The day you stop blaming other people for your own misfortunes but start seeking answers from the person in the mirror instead, is the day you are on the path to profitability..

Yes, you can learn the tools and techniques from otb, kyy or kcchong but learn how to develop your own edge that works for you..

"I grew up idolizing ayrton senna and Michael Schumacher and was asked to emulate their style to achieve success.. While there are many things I could learn from their mindset, thinking etc, my own success has been centered on finding my own edge, my own style " - Lewis Hamilton

The creator of turtle trader techniques taught his art to many pupils yet everyone returned differently because of their inherent psyche.. Find what works for you...

To win the battle with yourself is the battle won

OTB, many months ago, in some thread where you were attacked, I did advise you to ignore the noise and find your own peace if your conscience is clear, which I believe it is...

I guess it's not easy when you charge someone a fee for your service, expectations will naturally be high... Look at tan teng boo, a fallen angel yet still a very thick faced broken trumpet.

If I were you, I would want to find peace with myself because the purpose in life is to be happy.. Why subject yourself to mental torture of being ridiculed and humiliated, just for RM 1000 per year, when regardless of how many subscribers you can get, you can still easily make it back from the market with the believe and confidence you have in your own skill

I trade the markets for a living and thankfully, like you have been profitable for many years.. My friends envy me for having the best job in the world... I don't work for anyone, I don't have to be responsible for anyone, I don't have to report to anyone nor do I need to manage anyone... I have my own time, I do what I like, I go for faraway overseas holidays twice a year and I write my own pay check and of course, occasionally take the losses too.. And like you, i have a passion studying charts, prices and volume after markets and weekends.. So, think about it..do something for yourself and your family... When the purpose of doing what you do is no longer meaningful, then it's time to relook your purpose...

And to the subscribers and traders who ridicule people like OTB, KC chong, or even KYY... Look at yourself in the mirror.. You are in this forum for a purpose, to get trading ideas... The decision to pull the trigger is entirely yours, notwithstanding your perception on the credibility of the writer or promoter..

By dabbling in the stock market, you are pitting wits with some of the smartest people on the planet who is well verse on human psyche of fear greed and pain.... You are attempting to take food from the shark's mouth and you be sure like hell, you can take the risks associated with swimming by its Jaws.. The market doesn't know who you are and neither does it care.. If you can't accept that, go back to unit trust or ETFs

Here's a lesson for the newbies, Gap ups are designed to lock you in so that you don't sell... The psychology behind the move is that the smart money wants to drive it higher giving one the trait to be greedy .. So, the trader doesn't sell, expecting higher prices and still higher prices... When it finally drops, hope will set it that it should recover again.. It usually never would, especially accompanied by very high volume on the gap

KYY latest article is very suspicious.. If IRB is investigating you and suspected you of tax evasion, you will be slapped a penalty... I've never heard of IRB having the powers to instruct the banks to limit your financing facilities

If he is suspected of money laundering or severe tax evasion dating back years, IRB can invoke anti money laundering laws on him, immediately suspending his and his immediate family's ALL bank accounts and facilities, not simply your credit card...

What KYY says doesn't make sense at all but simply a convenient excuse to justify that he was 'forced' to liquidate his positions due to IRB high handed actions when it was probably a routine IRB audit...

If that is the case, he is painting a picture if him being a victim when he in fact, taken advantage of his followers by selling down heavily while disguising his real intentions.... To me, there is nothing wrong in what he did but it does bring to suspect, the integrity of his character, at least where the stock market is concerned...

I feel so sorry for those who lost... You'd gained nothing if you lament and blame other people.. Take it as lesson, sharpen your tools and develop your edge and hone your mindset...

I've been dabbling in the markets since 18 years old, I'm 47 now and I trade the markets for a living... If you really want to be a trader, and you want it really badly, the universe will always show you a path... Have an open mind to accept and never blame others for your predicament but these lessons are merely temporary challenges that, when conquered, will propel you to another level

The time for maximum pain is near

A pretty negative article on the edge financial daily today... Hinted at a muted fy2018 earnings due to risks of planned shutdowns driving down revenue by 51% in that particular quarter, possible inventory losses on lower oil prices and worse is, earnings significantly affected by slow completion of euro 4m refinery

This is what happened to the markets when George Bush imposed 30% steel tariffs in 2002

https://www.zerohedge.com/news/2018-03-02/2002-president-bush-imposed-30-steel-tariffs-what-happened-next

The problem isn't the steel industry per se but the repercussions on a macro level, driving down valuations if there are retaliatory response from the affected countries

As I said before, game over! Now is the period for maximum pain

The smart money is already cashing out from the market... The market is due for a heavy correction due to a confluence of factors... This is based on CLSA fengshui chart 2018....LOL

https://www.clsa.com/special/fsi/2018/?section=theindex


Seriously, the market is dead now awaiting the calling of GE... The moment that day is announced and days leading up to it, market will probably drop the most

I've always been a supporter of otb bcos I think he's genuine... We should not disregard the opinions of market movers like KYY either... There is no need to fight because I believe contrasting opinions is what makes the market... Take them all in and then make your judgement.. There is no need to get emotional

The concern goes beyond simply steel prices with the tariff... It's the retaliatory trade war by affected countries... Imagine, steel prices get hiked by tax, affecting prices of finished goods which are exported to the affected countries.. Affected countries pissed, imposed own tariffs, driving up price, bringing down demand... In any event, a tariff hike is seen as bad and induces inflation, which is already the most feared factor that will push interest rates higher this year... So, it's a whole macro thing... Thread carefully

@alex it's a reasonable assumption... Fair value between 10 to 12 for 2018... Meanwhile, game is over with many dead cat bounces to catch bottom fishes... Newbies are advised to stay aside.. It's a game for professionals and hard core gamblers now

Realistically, it is best to assume that the era of extraordinarily fat profits is over, at least for F 2018, taking into account capital expenditures for euro 4m refinery, taxation kicking in,2. 5 months shutdown and potential forex translation losses.... Estimate that Eps, ascribe a simplistic value of pe 4 to 6 and you get an idea of a potential value buy area

@bastionne it's not the fundamentals that is broken but the expectations... With so much hope and greed built into the story, it's failed to deliver.. Expect a backlash tomorrow.. I do have some left, only 1.5k shares compared with my holdings of 25k shares... I'm a trader so any sign of weakness (high volume on sell down and weak volume on rebounds) , I'll sell especially during reporting season to avoid surprises like that... I speak for every supporter that I'm gravely disappointed with the results.. There is no need to mask this and con newbies of its potential and get them to take your stock tomorrow... The smart money is already readying the sword

Game over! Era of extraordinary profits has ended with upcoming taxation and planned shutdowns

Volume rises proportionately with rising pricesa new trend reversal defined by a breakout with good (not overwhelming) volume..continue to buy on dips around 13.42 to 46 region

I do agree that OTB is a very honorable person who shared his knowledge generously... There are many who are jealous of his abilities and own shortcomings that it is clearly reflected in their bad writings and comments... Why can't people appreciate diversity of opinions? It is this contrast in life that will eventually gives one the inspiration to clarity...

Hope OTB comes back with his comments and guidance... I will certainly recommend any newbie to subscribe to OTB.. He's way better than the broken trumpet, tan teng booooooo

David gunter, on hindsight, should have traded momentum like you and made tens of k myself the past few days .. That's what I do for a living trading the markets on momentum... But hengyuan is a different beast that I wanna go in for a bigger kill... So, losing a few battles in order to win the war

While it is important to gauge general market sentiment when trading, it is more paramount to gauge the condition of the individual stock that you are speculating on..what took place on the left of the chart prior to today's action? Was it ramped up with signs of distribution, was it the stock's weakness, etc? Do you think the smart money loses sleep over wall street? They don't!

An adverse market condition becomes a money making venture for them..

So, if you want to take some money from the shark's mouth, trade like them..

Went in more at 12.82 on the light shakeout

The drive up from 12.8 to 12.96 is characterized by low volume... If it doesn't break 13 soon, there will be a shakeout.. Buy that shakeout.. Come to daddy, baby

Chanktet, you are getting a bargain today... There was effort to move up yesterday on greater volume.. Today's drop is a sympathy of the general market sentiment and NOT a weakness of the stock per se... Go in... I'm loading up... Could have made tens of k the past 2 days if I had bought and sold but I wanna ride this one due to the high earnings visibility

There are simply very little sellers.. Buy in on the cheap... Got more at 12.62

If there is one counter that will make you win big is HY... Crack spreads continued to be strong... I'm buying in at 12.96 yesterday and 12.40 to 12.48 today following the smart money...

Rm2. 40 per share offer by owner

I don't usually insult, look or run down anyone because I believe there's something we can learn but I must say CP teh is a very unique being... No matter how much the barrage of insults hurled at him, he can continue to write about the same thing being, he is always wrong in timing the markets and he does it consistently, everytime and all the time..

I guess the lesson learned is one must be thick faced.. One day you'll be proven right.. Either that, or you lose your pants first

Probably continuous margin calls on the large holdings

There was an article in the edge daily today.. Some interview with the ceo who guided that 2017 profit will improve by 30% and 2018 by another 30%...a niche company with a niche product and fast turnarounds.. Looks good

Confirmed award to ytl . Just contract sum not stated

https://www.thestar.com.my/news/nation/2018/01/13/rm94bil-gemasjb-rail-project-to-start-by-end-of-this-month/

Just be careful... The market will always prove the majority wrong.. The good results have probably been priced in so deeply that it is expected and the syndicates will probably fade the high when it opens on Monday... Petronm is also trading at around RM 1 premium now in spite of their good results too.. Too many hoping to sell into a good result.. Caution!

Of course, if one is a longer term investor, these tactics are immaterial