"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Dunknow - thank you for your kind words. In fact, we do owe a word of thanks to all visitors here who have been very mature, respectful and courteous in their comments as after all, I believe we are all educated mature adults who share a common interest in the share market. On the same breath, it is also important to note that we believe in freedom of speech, in a respectful way but it is absolutely crucial that we must accept that there can be differences of opinions and at the end of it, we must be able to agree to disagree. After all, it is not You versus I but rather Us versus KLSE!
Ya dunknow.. I agreed with you that TCB thread is so well mannered, full of information and participated by tonnes of experience traders and investors!! thumbs upTCB!!!
Sis tsy, you certainly looks to me someone who trades few counters everyday like sir inwest!! Hehe!! I enjoy reading sir inwest and your reply in this thread. You guys give me an idea which are the counters are being monitored and participated by traders!.. Keep it up!! ;) happy weekend to you!
Dunknow - this is what I have been saying all this while. Glad that you feel the same.
posted by Dunknow > Aug 23, 2014 10:03 AM | Report Abuse
hehe,something came into my head this forum...This is very well manner/discipline forum where ppls can speak out freely without feeling offended...no sarcastic & every post was reply with dignity/respect...thumbs up...RESPECT,everyone's here!just my personal feeling ;D
“Words of sincere felt in heart and trigger smile.” ― Toba Beta Inwest88 - yup,I guess every forumer in this forum should feel the same.. HAPPY WEEKEND :D
@Invest88, tq for your unselfish sharing, there is no end to learning and it is good to learn from the past experience of situs. Btw do you have any books to recommend to make newbies better informed. Enjoy your weekend.
Bs1688 - if you were to read my postings I do not use TA or FA and honestly I do not read many books on share trading. For investment, books written by Benjamin Graham and Peter Lynch should be good. Perhaps you may want to look into kcchongnz's postings as he often introduces good reference books for the forumers. In fact just reading kc's articles alone will bring you immense knowledge and benefits for medium to long term investment.
invest88 thanks for sharing valueable trading idelogy.
i do learn a lot from TCB and Matrixcool. i also would like to thanks profitman always motivate me to increase TA knowledge beside FA. Such valueable knowledge very useful to those newbiz. It able to minimise those inexperience in market trading to minimise their losses or best still avoid losses.
Once again sincere thanks to Matrixcool, profitman and team.
halo inwest and tcb,haha i couldn't help posting..it shud be tcb vs sharks,not tcb vs klse as klse always win,they are the banker or 'chong ka' who collect your clearing fees.Hv a good evening.
Inwest88 - thank you so much for that lesson from, as they say, the University of Hard Knocks! Appreciate it. Its not long at all. Very apt reminder and very useful tips to newbies. Looking forward to more such write ups from you. Thank you.
PERISAI—I used to trade this counter, made some money earlier, but the last time I trade on it, I actually cut losses when it broke below the Symmetrical Triangle on 26/06. After 26/06 it did try hard to climb back inside the Triangle but the final breakdown came on 11/07 and it started its stage 4 cycle to the new low of $1.35. Now, It is starting Stage 1 of the new cycle and trading inside the Rectangle of $1.35 to $1.45. If you are thinking of bottom fishing do set a stop loss if $1.35 is violated.Any rebound should find strong resistance at $1.45.
AAX—This counter was chosen in my “Quick Trade “ and I traded 3 times in and out of it, each time locking some profits. The last time I had warned traders for a big pull back because Price/RSI started to show Bearish Divergence. The stock did that Big Pull Back as suggested and hit a low of $0.73, on the way down it must have shaken many traders out. Those without a trading plan or not disciplined to Stop loss may have been caught too. The Fallen Gap on last Wednesday look like a runaway gap and AAX may try to close that Gap at $0.81 (which will act as a strong resistance). Any further rebound will invite sellers that were caught on top to sell. Immediate support adjusts to $0.77 and strong support is at $0.73.
Yongyau - good morning. Sorry, just saw your posting. Re Alcom, may take up 50% as I feel that this stock is trending up nicely. Furthermore, it gives good dividends and aluminuum prices are on the rise,so I see more upside in store for Alcom. Do take note that this is just my view. May be wrong.
Inwest88 - very, very good points on stock trading that you have brought up. Will serve as a good reference and learning curve especially for newbies. I like point nos. 4, 6 and 10!
cherry tomato - good morning. You are welcome. Hope it's of help to you.
Posted by cherry tomato > Aug 23, 2014 08:24 PM | Report Abuse
invest88 thanks for sharing valueable trading idelogy.
i do learn a lot from TCB and Matrixcool. i also would like to thanks profitman always motivate me to increase TA knowledge beside FA. Such valueable knowledge very useful to those newbiz. It able to minimise those inexperience in market trading to minimise their losses or best still avoid losses.
Once again sincere thanks to Matrixcool, profitman and team
Profitman - good morning. Nothing much really but it is my fervent hope to the newbies especially that they know stock trading is not so simple as one thinks. The most importing thing is avoid losses.
tsy88 - good morning. I reckon you have been long enough in the market to know most of the points I mentioned. But then it's easier said than done and, including myself. Once a while I also break my own rules.
Not as long as you have been. The grave mistake I made back then was my reluctance to lose even a single cent. End result was, took up all stocks ranging from A to Z with some on the high end! When markets tumbled, my paper losses were so huge. Even lost 100% on some as they were delisted. You were lucky to to be able to recoup your losses. Was so fed up at one point.
tsy88 - take it as tuition fees. As I said, one will get wiser after going through the various market scenarios over the years. Yes selling (especially cutting loss) is the most difficult decision in stock trading.
Hi,Lz - re your reply on 17 Aug on Pjdev and its Wc, Tp of 2.17 and 2.24 for mother and 1.17 and 1.23 for Wc have both been achieved. Have we seen the peak or is there more upside, going forward. Kindly review and advise. Thanks.
Inwest88 - yeah. Learning from mistakes but got to pay such a heavy price! So lucky now we are able to get help and guidance from TCB. Going out for lunch now.
Hi afternoon all sifus TCB and everyone here,tq so much lz Lee for sharing ,still newbie try looking charts hopefully to get some buck out of here,tot LCTH blh bust suit sikit2,I'm still holding to it n see why happen next,tq
SAMUDRA—Rebound In The Making. WEEKLY CHART—Uptrend intact after breakout from $0.505 with volume,estimated target is at $0.63. Stop Loss if $0.46 is violated for midterm traders. DAILY CHART--This stock is my chosen stock for Quick Trade in my mail. The reason being it is moving in such a volatile manner which offer trading opportunity if you get it right. The Engulfing Bear formed on 20/08 at $0.61 is shadowing the upward movement. The consolidation may be over soon, as the downward momentum has slowed down with the next important support at $0.505/$0.49 looks like holding. Any rebound should meet immediate resistance at $0.565 (Its immediate Downtrend Line), a break above signal price reversal to challenge the Engulfing Bear at $0.61.Confirm Trend reversal if break $0.61 to target of $0.67/$0.70. Stop Loss if $0.49 is violated. Note: Do looks at the warrant as it is not as volatile as the mother and tends to move faster when mother share rebound.
angie80: WTK: Under consolidation between 1.34 and 1.42. It has actually violated it's uptrend line since 11/07. Immediate support level at 1.38 and next support level at 1.36. Resistance level of 1.42 and 1.44. Judging from the volume it's expected that it will further consolidate. Stop-loss at 1.33.
Orna: Has loss it's momentum, re-entering stage 3. distributive stage, expect to consolidate. Support level of 1.20 and 1.18. Resistance level of 1.24 and 1.28. Stop-loss if support level of 1.18 is violated.
profitman .... awwwwwwwsome blog :) ahem - msg to TCB dearest, thank u so much for sharing your invaluable input ! always always enjoy reading all the chartists' postings here :) :)
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"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .