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/
anyways still too early to call bottom (i have a support zone between 2.12 to 1.89) ... when a trend is strong, it's advisable to see a break of this trend structure before consider long !! don't advocate averaging down unless one is a long-term investor and understands the FA / margin of safety etc etc ..
Con..Why average down? A true long term investor should be holding freeshare by now..I make 1 fold sold half now is free..why bother to load back..1.80-1.75 u buylor..Felicity has a great piece about the valuation. :D
hi r3d3 .. everybody is welcomed here !! u are not barging in :( oh let me try k ?? if i remember correctly mr OTB said margin of safety = (target price - current price)/target price x 100% .. oopsi hope this is not terribly 'abusive'
Hahaha..R3D3...I hereby say again..I always say this..my fair value for AA was 1.80..I told this to multiple guys that ask me..I think Contrarian on FB and a few on telegram...1.80 is the point I sold half..and make 1 fold, the rest was free and I kept it because I think it is a good business and I want to thank Tony.
I think Felicity isn't clouded..Her view was that AA is a good business that she wants to invest and hold for 10 years and she couldn't find anything else that can promise that in KLSE at the moment.
R3D3: hahaha..for TF to know, for us to find out..I don't plan to look or think about AA at all for now. I don't really care where it is heading short term. It is a great brand, the value is not the AAC or anything, it has great brand value. My only reason to hold it. :D
the image of its LCC is just too strong for anyone to overtake in 3-5 years time.
I am not calling people to buy or sell or anything. :D I rest my case.
your concern and points are valid and I welcome them. Thanks for sharing your thoughts! Willing buyer willing seller :D
abangadik .. it's a good discussion to share with all !! no flooding the room .. btw, profitman told me before that felicity is actually a man .. that's the name of his darlin' if not mistaken :)
Conjie: That's how I feel from the writing..but a lot of people quote and say "her"..So i take it is an a manly SHE..kekekeke...but definitely someone that writes wonderful and know the stuff well.
oh u had such intimate moments with felicity ?? hehehe p/s - this man loves his woman so much that he names his blog after her !!! okay henceforth i shall ask my beloved to name ALL his stuff after me .. and put all his assets under my name as well :):) LOLLL
morning r3d3 .. i compute RRR to see if a trade is worth taking !! less than 1 is no point ... to get RRR i wud have stop loss level and take profit target ... so, based on the stop loss level i wud use position sizing to determine how many shares i can buy if i don't want to risk 1% of my capital :) yes, been following ming's posts !! like his analysis
noted with thanks twobits ... one nice rejection candle on 1H upon hitting your target maybe second in the making ! but still too early to call top .. wud be good to see a H&S pattern later ... meaning break 20ma and then retest it
okay let's see if she will do as attached :) i guess shorties wud put their stop some pips above previous high (provided that's the high) and if b bounce to the level i label they are safe ..
datukkkk ... but datin mostly plays swing so i don't hold long long like datuk ya ?? yes yes happy :D come give datin another good one but don't want up up so much already ..
connie: 1% of cap is good. Do a 1% risk and a 8% cut. Use it with your trade expectancy. That should work out fine for you ( who I assume likes to trade rather frequently).
oh r3d3 .. i don't use a general 8% cut !! rather i use a few bids below previous swing low as my cut loss level .. depending how i enter .. and sometimes can be a few bids below a candlestick reversal candle .. i don't trade frequently becoz of my conservative approach ... and i am definitely NOT a momentum trader ... i prefer the swing approach :)
r3d3 ... yesssss rayner also talked about this ! thus, he always said i don't give two hoots about your win rate .. what is more important is this so-called expectancy ... one can have 99% win rate with very smallish average win but it takes just 1 losing trade to wipe off the gains from these 99 winners if the loss from that one trade is HUGEEEEEE .. i think it is important for trader-wannabe to truly understand money + risk management before he/she even goes into topic like trading strategy :)
Posted by connie > Jan 6, 2017 11:38 AM | Report Abuse
datukkkk ... but datin mostly plays swing so i don't hold long long like datuk ya ?? yes yes happy :D come give datin another good one but don't want up up so much already ..
datuk .. i did but only yesterday morning when price was already 0.15 !! then i calc my RRR which is 1.0 and so i skipped ... aiya but she surged much higher than my target price :(:( nice j-hook pattern !!
wahhh datuk at 0.19 RRR is 2 !!! what the ??? aiya shud have bulldozed at 0.15 yes ??? hehehehe ... very typical of trader's emo .. shud have .. what if .. hope !! hehehehe
twobits ... i really hope to see SHS (rolfie's fav pattern) !!! the 20ma on 1H is truly a strong dynamic support ... look at the inner trendline ... she is retesting it 2nd time ... let's see next week can play or not ... if u have spare time u do your count k ?? :)
oh rchi .. they are frying those which have been under a long period of consolidation !!! no wonder so geng now the wave :) which one has NOT been fried yet ??? huhuhuhu
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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/