HAPPY NEW YEAR EVERYONE !!
Welcome to my 2014 thread, I would like to start the thread with these words;
“ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE.
Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !!
I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong.
My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”.
Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held.
2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !!
My new format for 2014 is as follows:
1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735).
Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term.
2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48,
TP 2=?. (Trading Range $2.26 to $2.48).
Note : Rectangle trading range of $2.26 to $2.48.
3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66).
Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals.
4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66).
Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play.
5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20).
Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term.
6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97).
Note :Sideways Movement but upward momentum has increased so more rebound can be expected.
Av Price-- price i bought in and it will be adjusted if i scale in.
Closing -- today closing price.
P&L -- Paper Profit and Loss.
Trailing Stop-The cut loss or protect profit levels. It will be adjusted accordingly.
Risk-The stop loss percentage if the trade moved against me.
TP1 &TP2--Target Price.
Using this new format if my stock is trading in the trading range I would not update the stocks every day.
Happy Trading !!
Since I mentioned Ideal Sun City, I thought I share my thoughts here. Have bought into Ideal Sun City OR (Ordinary Rights) and its mother share for some quick trades. Will be converting the ORs into its mother share upon exercise date in about 7 days time. For the benefit of newbies, TA does not apply for this counter but FA does.
This was a PN17 counter but its financial structure has been regularized and it is no longer in that list. The OR is the result of the restructuring. Its profits is now back in the positives with a much improved financial standings with positive cash flow. Upon exercise date, need to pay 0.10 sen for each mother share and free warrants are attached to it. It works out to be a profitable deal.
Have traded ORs in the past and it is an alternative investment strategy but you must ensure that the company has good financials and you need to work out the details before jumping in.
novice8 - my favourite reminder - "sedikit sedikit lama lama jadi bukit". So, its matter of time before you trade more. If I recall correctly, Warren Buffet started small too. In any case, it is not how small you trade, it's the profits that matters. Cheers.
brendonyeap --I did not manage to get TNlogis 2 days ago because i was not free that morning as posted by me earlier. I also could not find the chart you want for TNlogis WA in my system.Does TNLogis actually have a WA ? Anyone here can help brendon here with TNlogis WA? profitMan?
profitMan, thanks for sharing IDEAL..You are good to mix TA & FA..Congratulation on your winning..
greenday, will look at SBC later for you..
Metta, dont wory i will arrange and as i said you are included..Will let everyone know how to contact me later..
SBC---Stage 2 of the cycle and very bullish. It hit a new high of $2.35 but formed a “Spinning Top” which imply a temporary top and it consolidated to the low of $2.14. A break above $2.35 will take it to the uncharted territory and estimated next target of $2.56 with strong resistance at $2.50.immediate support is adjusted to $2.20/$2.14 and strong support at $2.05. I think you are on a winner, congratulation !
Jacky—Maybulk immediate support is at $2.11/$2.09..I am still not selling mine because it did not hit my Trailing Stop if $2.09 is violated.
OCK—It hit a high of $1.44 on 08/04 on but formed a ‘Gravestone Doji” which imply some pull back. Unless this level is taken out it is expected to consolidate towards the immediate support of $1.33, stronger support is at $1.30/$1.27.
Jacky—HEVEA is on my watch list, I am interested if $1.32 holds. Actually I q to buy at $1.32 today. Not Done yet..
GADANG—Broke $1.45 and hit my target of $1.48..Should be selling my remaining 20% soon..Sis Metta, you still holding yours ?
Ya Bro Matrix lock in profit for Gadang. M stil holding some hope to ride d wave.
Bro Matrix so sweet of u to take d trouble for d dinner. Hope I wil b around to join in.
Bro Pat, me always at d side line and b a gud listener and try to digest as much info as possible like a sponge ....hahaha. Shy lah nothing to contribute. Pop in and out. B away for my holidays tis evening.
Bro Matrix m following u like a shadow....buying hevea too. My 2nd round. Finger cross ...hahaha.
brendonyeap—No wonder I cannot find the WA in my system. If you follow my thread you know I never buy Warrants and I don”t understand what is WA or WC, sephiroth is real good at it.
TNLOGIS-WC—Breakout from $0.725 on 08/04 with volume and has an immediate target of $0.80 which it achieved by reaching a high of $0.795. It started its consolidation and break below its immediate support of $0.75 today so it is expected to test its strong support at $0.725( Resistance turns support) in near term. It needs to stay above $0.75 to re test its immediate resistance of $0.795/$0.80. A break above this level will take it to its previous high of $0.835. exit if $0.67 is violated.
SIS Metta, i sold all my GADANG today when it hit my TP of $1.48 locking in 23.3% profits..That is why we need to set Trailing Stop to ride on profits..I am very happy with the performance of GADANG..Hope it will go higher for you.
I am not in HEVEA yet..I q to buy at $1.32 but not done yet..
SCOMIES--Can it stay above $1.15 to move to my TP of $1.19/$1.24?
deedee, i did the chart reading for novice8 yesterday..
PANTECH—Very bullish after breaking out from the high of $0.945 on 04/04. Today it gap up to break above its immediate downtrend line(0.975)and form a Breakaway gap. It is expected to scale higher to test its immediate resistance at $1.03 if break will try $1.17 in near term.Any weakness will find support at $0.985/$0.975 (Gap Support) offer opportunities to collect for future play.Very strong support is at $0.945. ( Thanks for highlighting I will put it on my watch list)
Have locked in profits for all Ideal Sun's mother and OR after its price shot up. A change of trading plan. Like Matrix always remind us - lock in profits when the opportunity arises.
Matrix - enjoy yr Italiano food and wine and have a wonderful evening. Time to re-focus onto the Liverpool vs Man City game! Have a good weekend everyone.
profitman, a nice match-up there! if manC took all 3 from the game, the special one must be very happy. anyway i wish liverpool all the best! btw suarez looks a decent player. aw should try harder to sign him again..hehe
bbdd - yes, Time for Liverpool to bring home the title. We have a bit of a mix here. Matrix is MU fan inside out while Novice8 is Arsenal all the way. Sometimes, like boys, we poke fun at each others. Should be a great game.
novice8 - this time, maybe Wenger should try 40m pounds + 1 penny for Suarez. Ha ha ha ...
brandonyeap - Encorp WA: Support price = 0.67 while resistance is 0.78. The TA for warrants usually does not give a true analysis of its price movement as warrants usually track the movement of its mother share. So, I usually look at the TA for the mother share for guidance.
Encorp: Just like its warrant, profit taking sets in after the latest run-up in price started on 27/3 that ended with a high of 1.44. It might have bottomed out at 1.37 and the bullish engulfing candle on 11/4 points to a resumption of its uptrend, subject to further confirmation as the candle was formed on relatively low volume and require follow up higher volumes for a sustainable bullish trend.
Any uptrend in the mother share will result in the warrant following a similar trend.
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....
Posted by matrixcool > 2014-01-01 22:42 | Report Abuse
HAPPY NEW YEAR EVERYONE !! Welcome to my 2014 thread, I would like to start the thread with these words; “ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE. Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !! I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong. My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”. Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held. 2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !! My new format for 2014 is as follows: 1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735). Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term. 2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48, TP 2=?. (Trading Range $2.26 to $2.48). Note : Rectangle trading range of $2.26 to $2.48. 3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66). Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals. 4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66). Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play. 5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20). Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term. 6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97). Note :Sideways Movement but upward momentum has increased so more rebound can be expected. Av Price-- price i bought in and it will be adjusted if i scale in. Closing -- today closing price. P&L -- Paper Profit and Loss. Trailing Stop-The cut loss or protect profit levels. It will be adjusted accordingly. Risk-The stop loss percentage if the trade moved against me. TP1 &TP2--Target Price. Using this new format if my stock is trading in the trading range I would not update the stocks every day. Happy Trading !!