You don't get my point. I am not saying or guessing that it won't touch 1.85 tomorrow. My question is: as a trader, you must be prepared for all the possible scenarios, up or down or sideway. Don't be so biased that you lose your own direction. Keyword is probability, you have to be open minded.
ya probability ... the 90% probability for evergreen tomorrow is to open at least 1.85 ... then 1.8 will be another support and if market worsening will go to 1.7 ... then 1.7 is a good price to collect
Hope you have bought back at lower price at the opening. If not, as a trader, what is your plan now? You are biased because you have sold your holding. Thinking of only down as if the whole market is going to collapse today. In fact, judged from your trading frequency, you are a short term trader, it's not easy to trade even if you use 1 hr, 30 mins or 15 mins charts.
The high 12 month trailing eps of 13.3c as at 30 June 2015......put evergreen on a better pricing track....PE is 14x as at trending price.....the range for MDFB stocks. Go for it
Personally, i don't think short term traders can make money in a long run.For me, i took position in this stock in Nov/Dec 2014, and still hold on to it. If you don't believe it, you can checks my comments back then. Frequent trading won't make you rich but make your broker or brokerage firm rich.
Yes, look at the long term chart and has a trading system (or at least a trading plan) to help you get in and get out without emotion. To me, Evergreen is riding on wave 5.
In fact, i am not arguing with you. I hope retail investors can make money in the market. But how many of them really have profit in their pockets. I was like you before, in and out, behave like i can predict or beat the market after making a few short term trades. Ending up losing money is one issue, it will affect your mental state and your health. I just don't think you can survive in the long run with the way you trade and your gambling psychology. As for my position in Evergreen, i have set a point where i will exit. I have no worry at all, since i have quite a handsome profit due to my low entry price. I was like you trying to link Klci or certain stock price to dow index, eventually i find out that it was a waste of time. Having said that, i don't rule out that klci or Evergreen might dip again next week, as i said i am open minded, no bias as bias will hurt me. This is my last response to you, i wont reply your message any more. I have a feeling that you are just trying to win the argument. Good luck.
Haha nbtrend , win argument ? I more interest on earn money from evergreen instead ... In fact none my reply is to win argument .. And I found nothing to argue with you ? We also same direction which is to earn money from evergreen ... You are mid term while I am short term ...
If just ordinary crisis is different if our country is not facing devaluation of rm and non confidence of country management .. Not the time to even go short time. Cash is king. Wait for the bigger crash in sept/0ct
RM continue weaken against USD. Investor those worry of devalue of RM affecting their asset and not intent to convert it to USD, buying stock which earn USD is another way to reduce the risk of devalue of RM.
Assuming earning momentum continues till December, this should be priced at Rm2.50 the least at the current PE. Which is still considered a discount to industry peers.
Wait for quarterly result announce. You won't get loss as their expected quarterly result very high possibility to improve. Long for long term, not to speculate. I have been holding this share end of 2014 till now as I have great fate on this company's vision. The short term losses majorly are due to selling shares from company major shareholder and speculators. No issue on that as profit create new high.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nbtrend
134 posts
Posted by nbtrend > 2015-08-20 22:46 | Report Abuse
You don't get my point. I am not saying or guessing that it won't touch 1.85 tomorrow. My question is: as a trader, you must be prepared for all the possible scenarios, up or down or sideway. Don't be so biased that you lose your own direction. Keyword is probability, you have to be open minded.