Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
wouldnt mm be pushing h at that time and know well c going to further drop? unless bought high then need to average down?
Posted by skyhawk > Dec 22, 2016 02:45 PM | Report Abuse
connie....jst waiting for the impulsive waves, u will miss many opportunity to make $$$$.The more complex the corrective waves....more chances to profit.To buy in batches when MM r collecting n to make more bits than others knowing v well u r buying at d bottom. See my previous posting on how to manage n control risk.
Posted by connie > Dec 22, 2016 02:08 PM | Report Abuse
hawkkk .. but i want to ask u somethin' .. if u trade based on HTF trend (since u use wave !!) and are willing to hold your trades, then how come u don't wait patiently for WAVE 5 upleg to unfold first ??? is it NOT risky to keep on averaging down when WAVE 4 is still progressing cuz this bloody wave can turn very complex (double / triple) and then the time decay factor blah blah blah ???
oh i see rchi ... yes, have heard of options but they trade mainly futures !! so, there may be hsif warrants / options / futures .. the market is so so big .. how come our buddy stingray just follows movement of warrants bot / sold by mm to gauge market movement ?
con ,everyone has their own style of kungfu,the main thing is to win $,it does not matter wat style,unlike some ah peks always want to say their style is d best...really laugh die me
hahaha rchi .. the two titans again ?? :) margin of safety versus golden rule !! okay mah the golden rule sounds like momentum play with a twist of good consecutive 3 QR ???
bo .. on 15m u can see 20ma is resisting !!! if we count waves, don't rule out another lapse of w5 meaning now is just w4 rally ... and 1H (this is normally used as HTF trend for day-trade) is still below 20ma and is still within the wave channel ... thus, try to adopt a more conservative approach
thx con, yeah, i am aware of that. i quite chicken brand now. haha, after the wrong c decision. i will make the buy if only few of belows are meet.
1. AO. 15m seems to be forming 2nd peak (1 pt for bull) 2. 20MA & 50MA. 15M, slightly pass 20MA but below 50MA (0 pt for bull) 3. Channel. need to break out 21660, can breakout, (-1 pt for bull) 4. hawk's wave 1 end at 21574..he ignored the wick!! But connie, year ago told me that she considered wick...thus..i no buy C and close all my position for H.
bo .. i think hawk is right !! robert also says the 3 cardinal ew rules are MOST RELEVANT to daily CLOSING data .. which means we shud ignore the wicks ... so, line charts will give us a clearer pic :)
The biggest and costly mistake a trader can make is trying to catch the bottom... because nobody know when and where the bottom is. A good trader will first study and understand the trend or direction the market is heading before making a call to buy or sell. You don't have to be the leader to make money but a leader is always the first to die when things get ugly. For me, I would prefer to make less but with more certainty than trying to be a dead hero. Just not worth it.
Wishing everyone a Merry Christmas and a very Happy New Year. Thank God 2016 is coming to an end. Cheers!
"The biggest and costly mistake a trader can make is trying to catch the bottom..." I totally agree with this view. Cos, u only know the bottom in hindsight. Years back, most of my losing trades are trying to catch the bottom. Suprisingly, all my wining trades are not bought at the lowest prices
thanks connie stingray, junichiro ..true, agree. repeatedly calling a buy as a bottom and catching the falling knife is a disaster. Merry Christmas to you!
Connie, rchi, skyhawk, twobits, Evel, Stingray, Bonarda and all here, I sincerely wish all a Merry Christmas to those celebrating it and a very Happy New Year to everyone.
Stingray, thanks for those great wise words.
Rchi, great read on HSI. Thanks. Very bearish unless some catalysts springs up from somewhere ...hehehe....
good morning stingray .. thumbs-up advice !! eh, u sound like my mentor rolfie :) yes thank goodness 2016 is coming to an end cuz ALL traders wannabe shud learn to be a LEADER and not be led blindly in 2017 ! merry xmas to u and family p/s - stingray, i have some questions to ask ya !! is it okay ???
stingray .. may i know if macq is also selling all the warrants worldwide ? when u track their accumulation of either H or C, is it not only our local market ? and how do u take into account the options / futures (cfd) of hsif ? won't this also affect market movement ? does cbbc report also encompass cfd / options ? thanks so much sting :)
wow sting .. that's a lot of tracking to do ie from malaysia to sgp to hk !! aha they use future / option to manipulate ... k will catch twobits on this ... it's a good way to gauge market movement !! million thanks for your reply
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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 Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/