My Trading Adventure

Still buying speculative counters?

CP TEH
Publish date: Thu, 30 Oct 2014, 05:15 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.



http://cpteh.blogspot.com/2011/12/learn-to-trade.html

I was shared this link ... my previous page about teaching trading. Will elaborate after I re-read my previous old post which a member who followed me for since 2012 telling me ... about how he lost money before joining me ... and now, after 3 years with me, glad he is a learning to be good trader. Will share his words .. to show that I was able to be his ''mentor'' tho we are miles away.

While MANY so-called guru with huge group following them to PLAY, GAMBLE and PUNT into lousy counters ... recently lost A LOT of money, the members will be keep quiet. They knew they are the one who took the RISK. Serious issue of GREED in SO MANY retailers .. LAZY yet want EASY money. So, they followed some tips given ... and recent sharp correction killing many. Still want to buy speculative counters? YOU THINK using brain for a while. Are you game enough for it?

Those so-called sifus who attract retailers to their group by promoting 10-20% profits in less than a week? I believe many members got burnt ... and keeping quiet? If u bought into it, ask the sifu when to sell. Now huge paper-loss, still can hold or not as those companies are lousy fundamentally? But, why they promoting such stocks? Because that is what retailers want ... suckers!! Hmm... serious mental block.  zzz ... they will never learn, more newbies coming into markets and believing that they will profit from tips ... and they will be WINNERS. Hmm ... 80% of them in market losing ... it cant be ME. Hmm ... why? Because we over-rated our own intelligence ... zero LOGIC.

Trading is NOT gambling or punting. There is a fine line to be drawn and I am sure I drawn it clearly.


DRB : This is trading ... market bearish. DRB formed inverted hammer, with high volume. The risk was low at RM2 level entry, RSI showing oversold with KLCI is oversold too. Then, at RM2.24, I asked member to SELL at 2.24 level. Hanging man formed, nearing to resistance. Then, we see ... stochastic moving fast into over-bought region. If today closing lower, we expecting bearish crossover in stochastic. Then ... we will re-plan to trade again.


KNM : A down-trending counter ... imagine buy at RM1, and did not cut-loss. Many bought KNM before 2008 crash ... and have not get to their cost price. It went to 40cents ... guess what, it is at 80cents now. Could we average down KNM at current level? Ask your sifu, dealer, remisier ... your friend or whoever at all given you TIPS to buy KNM, and telling u it is under-valued ... or some rumour .. hot-news etc etc. THINK(need brain again ... sigh ... still working or simply want to profit and tell stories it is down due to crude-oil price down? Serious?).

Majority retailers (80%) are losers and will continue to be losers as they believe in such TIPS. They believe that The Edge written about those news are for them to get rich. Or perhaps, their friendly remisier giving them first hand hot tips ... (psstt ... don't tell others, you are my best customer ... I tell u buy first) ... perhaps broker reports yelling us to BUY XYZ or WXY ... then, we naively went to forum ... the noisy market-place to talk, brag, share argue opinions ... and knowing majority believing it is under-valued, wow ... we quietly bought into it, thinking we have a good catch.

Let us plan where I should go ... for Christmas IF the stock I bought hugely going to fly? Let me see ... our brain telling us ... we are smart to buy early. And endorsed by our so-called sifu .. our so-called friendly remisier ... our great broker report ... plus support by the forum community. WOW ... ini kali la ... WOW.

We have thrown our logic out ... we are convinced that this will be our killing. Oh yes, since we are lazy gamblers ... we easily forgotten about our losses. Our recent pain? no? wow ... continue to keep quiet .. with many stocks way below our cost price. Ignore them ... buy new TIPs. Sound familiar enough?

Do you know that when market corrected sharply recently I received few e-mail asking me about their stocks? And do you know that they have more than 10 PENNY SPECULATIVE counters in their portfolio ... they don't even know what the companies doing ... plus don't even know why they bought into them? A SERIOUS issue of mental block, irrational traders/gamblers in stock-markets. Without them, how are funds, operators going to profit? Tell me .. someone have to lose, right??

I am ASSURING many readers here ... most in forums losing money buying into those speculative counters. Do not believe me ... do a survey. See if they going to tell you why they buy into those punting counters. Also, ask them(nicely la) where they got the tips ... which sifu(s) asking them to buy ... and also what they should do now with that losses. Keeping in the fridge is not an answer. MONEY stuck inside ... cant average down as it is lousy losing money company ... cant cut-loss as it is down by 20% or more ... but but ... believe me again, these gamblers WILL buy into more speculative counters to WIN back. ouch ... did I just said WIN back? Revenge-trading as we known it is for those gamblers. That is not trading. Traders take a trade due to better reward against the risk.

Anyway ... in markets, we will always have new fools believing in trading software, trading sifu, trading tips, trading books ... those buy-sell calls ... etc etc.

Till newbies understand that they WILL lose money in stock markets, and MORE in future if they do not wish to learn first ... sorry is a hard word to say.

KLCI closed 1842.47

Good trading day : My trades done with my group today are good ... suddenly everyone becoming bullish?

Sold Armada, BJAuto. Bought AAX, Yinson and Yinson-cb, Supermax ... day-trading on DNex, SMRT, SMRT-wa, IOIPG.

Those wish to check on my trades(live), please contact me at cpteh@yahoo.com

Time for cycling.

TEH
More articles on My Trading Adventure
Updates on ABMB and AirAsia

Created by CP TEH | Oct 15, 2019

Waterfall : LKL

Created by CP TEH | Oct 06, 2019

Oct 2nd : DOW minus 343

Created by CP TEH | Oct 02, 2019

23rd Sept : One week to go

Created by CP TEH | Sep 23, 2019

Formula for success

Created by CP TEH | Sep 18, 2019

Steps to be 'successful'

Created by CP TEH | Sep 17, 2019

Discussions
2 people like this. Showing 5 of 5 comments

miapancho

why are you trying to convince your trades with the public????? do you have a hidden agenda??? very weird ma your actions on this i3 site.. trying to attract clients for your business ha

2014-10-30 18:59

Bruce88

Ask him to get lost, always wanna advertise over here !

2014-10-31 08:41

malaysian

Hey this CP teh is writing all these articles to tell us how stupid we all are, n how good he is , n Any of us want to make money from buying shares , we must first all pay 800 n attend his course..... We are all losing big time punting away, only CP teh make money from shares market...

2014-11-01 14:34

alphajack

this sohai day trades smrt when it has 30-40% more upside. retard thinks he is good pui

2014-11-01 16:18

godbless88

This guy is a joke. He does not understand what is investing at all.
A good trader does not goes in and out in and out with the fluctuations, but rather invest in a counter at lower price and only trade till it realize it's real value in the future. And he goes criticised counters like smrt and ifca without first learning the fundamentals of these counter, and also criticised other good bloggers. Don't joke because ur joke is not even funny.
Tips & blogs can be useful depending on how you filter it and do ur OWN homework.
Good bloggers like kcchongz and Icon888 in i3 has been providing many good fundamental analysis which has benefited many.

2014-11-01 17:40

Post a Comment