My Trading Adventure
Downtrending at critical support.
CP TEH
Publish date: Tue, 13 Mar 2018, 11:36 AM
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.
Benalec : See if going into new low once the current support broken.
Boilerm : See if breaking low 74cents ... into new low. So, I put these into my waterfall list ... as I traded them at high previously.
JTiasa : This is how it looks like when the critical strong support broken ... Today, JTiasa still going lower, at 90cents now. Strongly advised not to average down if one is stuck up there. Well ... we don't see bottom yet ... and wont know how low this could be going, right? Cheap could go cheaper, ya?
Malakoff : dropped with a downtrending chart and we do not see the bottom yet. Hit new low 85.5cents in recent selldown. So, I m still tracking how low Malakoff could be ... and MANY funds and retailers stuck up there.
So ... I m monitoring many downtrending ... to understand how these downtrending stocks going cheaper.
As I m a novice and learning ... it is only logical to watch from sideway, and to see how 'dead cat bounce' works.
Note : This is not a recommendation to buy-sell.
TEH
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1 person likes this. Showing 12 of 12 comments
Sometimes i really pity teh chong peng who keeps indulging in downtrend chart porn. Imagine for a second if he had took the initiative to look for trading opportunities instead of waiting everything to crash like 2008, he would have made some money from the market to buy his kids a new bicycle. A stubborn gambler is a stubborn gambler. One day teh chong peng may have found his enlightenment and start trading like a proper trader.
2018-03-13 17:26
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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....
Beary
Why so thick skinned to collect subscription fees when you yourself admitted that u r a just a novice and still learning.
From my observation even a market crash will not benefit you much.
You will always wait for the price to go lower and lower and dares not to buy.
Eventually when you begins to buy, you will sell for a few sen profit and cut loss when a few sen down.
2018-03-13 11:56