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 !!
highh....my hand all gatal want to buy some of these clearance sales counter...but i kept telling myself, chill..chill...1 stock at a time...dont get trap with the excitement....
miracle4faith - it is quite normal for traders to want to buy in when there is a sell down as many counters will "appear" cheaper now. But do bear in mind that cheap can become cheaper and in turn can become cheapest! If you want to bottom fish, do monitor the charts and indicators for a reversal pattern or for price to bottom out and volume is important here.
I am currently monitoring GOB which has retraced by more than 61.8%.
copy that profitman...thats what im worried bout...kena 1 time with some china company...attractive discount and like u said, cheaper goin cheapest...been seeing stocks dipping like water and never to recover but never hv expected these meltdown stocks yesterday and today climbing up so fast...should hv entered but kept telling myself not to...(sigh)
vis wong look so attractive...any advice mat and profitman?
miracle4faith - vis and wong have weak fundamentals. They recorded losses in 2013 and unless there is a turnaround in 2014, I would not trade it. Also, the price swing defies logic. Wong is currently under UMA query by the Securities Commission.
profitMan, thanks for sharing info on Vis and Wong..ya you are right those that average down when think it is cheap most likely to find it getting cheaper..
Are you in GOB ?
miracle4faith --So many stocks look attractive now..
matrix - no, I am not in GOB as I am still monitoring it. The price movement still looks volatile. Probably let it settles down first then see how it goes from there.
But I did buy in to Prtasco when it dipped below 1.90. I am still holding Prtasco from my earlier buys as it is my mid-term investment. I understand they just declared a 6 sen dividend today.
Mat, Profitman, what have you got in your shopping cart today? ;) am still bidding Prtasco. Mat, I've been thinking to add some Hevea too. Is the uptrend still good? Tq!!!
Yay Profitman, like you, I'm adding Prtasco as my mid long term. Indeed coming 6c dividend is higher than previously ya. Btw, are you in Padini yet? Tq
ProfitMan—Thanks for latest update on PRTASCO. I Q at the support at $1.86 today and it was hit this morning..
Novice8, It hit my Stop Loss level when $1.32 is violated today, I am expecting it to rebound above above $1.32, if not I will sell my remaining shares.
PRTASCO-- AV Price=$1.89 (Closing=$1.89 , P&L= 0%), Stop Loss=$1.80 . Risk= -4.8 %. Tp1=$2.00/$2.04 , TP2=$2.10/$2.14. (Exp Trading Range $1.86 to $1.95 ). Note: Stage 2 of the cycle and very bullish, it is forming Flagpole pattern and if break above $1.95 (Signal Buy I may scale in more shares) it is expected to test its previous high of $2.04 and into uncharted territory. Immediate support is adjusted to $1.86/$1.85 and any weakness offer buying opportunity for future play.
3A-- AV Price=$0.89 (Closing=$0.885 , P&L= 0%), Stop Loss=0.865 . Risk= -2.80 %. Tp1=$0.97 , TP2=$1.00/$1.02. (Exp Trading Range $0.88 to $0.925 ). Note: A very low risk Buy for 3A as I bought in near the Stop Loss level of $0.865. It is still under consolidation and needs to break above $0.925 (Signal Buy and I may scale in more shares) to its next target of $0.97.The support of $0.88 has been tested on many occasions and holds, so price should be stabilized around this level. In the event that $0.88 fails to hold 3A is most likely to fill the Gap formed on 18/12/2013 at $0.875/$0.865. I will take my losses if the gap support is violated as the next meaningful support is at $0.82.
BREM-- AV Price=$2.03 (Closing=$2.08 , P&L= +2.50 %), Stop Loss=$1.90 . Risk= -6.40 %. Tp1=$2.20 , TP2=$2.26/$2.30. (Exp Trading Range $2.02 to $2.20 ). Note: Break out from the Symmetrical Triangle on 28/04 Brem is expected to scale higher from here. It is expected to break above $2.12 and retest immediate resistance of $2.17 and TP1 of $2.20. Any weakness toward immediate support of $2.05/$2.02 offer buying opportunity for future play. I will definitely Scale in more shares when it breaks its strong resistance.
HEVEA—Briefly break below the strong support of $1.32 and I was thinking of clearing it to protect my capital because a break below $1.30 it is most likely to hit my Stop Loss level of $1.24 soon. It has turned bearish in the short term. May clear on any rebound to protect my capital.
I cleared Engtex when it hit my adjusted Stop Loss at $1.97 to protect my capital. I also cleared my remaining 50% of MUDA at $1.86 to lock in 12% profits.
Note: MINHO and ENGTEX closed with Hammer formation, price reversal?
Happy Trading and Good night..
p/s; Jacky, ya, it has been awhile since we last heard from you, welcome back !!
miracle4faith - thanks for posting the info. This info itself could be a catalyst. Of course once more details comes out with regards to the amount of the contract, duration and commencement of the contract, and whether this contract is sufficiently large enough to transform its losses into profits, then we can adjust our trading strategy accordingly. Our trading strategy could be for a shorter term if the contract is not sufficiently large and we may have a less tolerant stop loss price.
jacky, i am still holding Borneo Oil as it has not hit my stop Loss level, but it is getting closer to my Stop Loss level. Very disappointed with its performance after hitting high of $0.72 it has consolidated downward for the past 6 weeks..Still, the mid term uptrend is still intact..
novice8,wow.. you are early.. I am going out to airport this morning to pick my niece from Bangkok.. ya, end of April, best month thus far for me in 2014..
Matrix - good to hear April was good for you. It was not so good for me. Although managed to lock in some profits, had to clear others when they hit my stop loss. Hope May will be much better.
Good morning Profitman/Mat. Last May was good for blue chips n FA stocks. Hopefully, penny stocks with solid fundamentals rule from tomorrow onward till end of the wood horse year.
WCT-- AV Price=$2.263 (Closing=$2.26, P&L= 0 %), Stop Loss (2) =$2.18, Risk= -3.7 %. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 (Exp Trading Range $2.20 to $2.30). Note : Stage 2 of the cycle very bullish after breaking out from $2.20 , it has been consolidating between $2.18 to $2.30 for the past 2 weeks. A break above $2.30 will take it to my Tp1 of $2.37/$2.40. Any weakness should find immediate support at $2.24, strong support is at $2.20/$2.18. The problem with this stock as it just got up from stage 1 it has many overhangs to clear. I have raised my Stop Loss to $2.18 to reduce my risk to 3.7% or may sell if it can”t break $2.30 to release my capital
Willow- Stage 2 accumulation stage. The trend looks great however the 3 black cows are expected to form today due to the market sell down. It just break through on 3/4 at 0.795. On 24/4, the price breakthrough 0.86 again. The price is expected to move sideway btw 0.795 and 0.86. Need to breakthrough 0.86 to test the TP1 0.915. Can consider bottom fishing :)
ProfitMan, don”t worry we win some and we lose some..Ya, it is my best month so far even better than February. swee_on—Welcome to our thread.
kheng & air01557—Thanks for sharing information, air1557 is there anything you want to tell us in details the main reason to sell in May? Appreciate it!
novice8—Ha, quite true, my niece from Thailand staying with us for about 1 month..So need to take her jalan jalan and look see look see Malaysia this month..
winwinborn—Ya, when I sell the stock I will let forum investors know first I am selling. I am still holding WCT and will Scale in when it breaks $2.30 with volume as I have only collected my 1st purchased at Av cost of $2.26..Thanks for sharing the Edge link on the WCT, I do agree with their target of $2.55 too as that was my TP2 by calculation. The problem of this stock as I mentioned earlier is it has lots of overhangs to clear because it just started its stage 2 cycle after breaking out from stage 1 consolidation..
guys, i now worry about SBCcorp and SKpetro, i enter high and now feel shake, anyone can give me some advice or lecture, i willing to learn with yours, thanks
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 !!