My Trading Adventure
Selldown : Hold at own risk
CP TEH
Publish date: Sat, 24 Mar 2018, 11:25 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.
DOW daily chart after the selldown of 700plus points ... and last night, it dived another 400plus points.
So ... we shall see more selldown, creating new lows to many stocks which already at low ... and also many stocks will break it critical neckline neck week. Some broken yesterday.
Steel Sector : bearish and AVOID. Don't go against the trend. It is over, let it go...if there is some so-called sifu claimed steel-sector undervalued or would rebound, ask him/her : WHY?
LionInd : Broken RM1.20 ... convincingly when I gave alert ... last alert breaking RM1 now. Catching these steel counters would be 'suicidal' unless you are experienced day-trader (catching on rebound on the day ... too difficult, tho).
SKPres : see you at RM1.40 level next ... this is a weekly chart.
As I have shown many in new-lows ... these few are diving back to base level ... and matter of time.
Remember Krono? It broken the current support and expect it to dive further ... till 20-30cents level. Do you think retailers cutloss or out?
See Krono? Traded it up from 40cents ... till the gap-down, I hv to cut-loss and sold all. Today, we shall wait for 40cents again. Big-data? What is that? it is called mark-down in technical la ... after the distribution up there.
Superln : This is one darling of KLSE ... we talking about 10-bagger if (BIG IF) we bought at 30cents level ... run up to almost RM3 ... now, see you at RM1.20 next week. When it is back to 30-40cents, I will YELL again ... sell-yet?
I am non-believe in averaging down ...in 2018. Wait for crash ... be patient. Not crash yet, why stuck up there?
To join my trading group (and learn to SELL), contact me 012-821 0129 or go to
https://web.facebook.com/tratles/
Have a nice weekend ... and check red-sea next week.
TEH
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Discussions
Be the first to like this. Showing 13 of 13 comments
Hahaha! I wonder whether teh chong peng has any students on i3 after seeing this fake sifu being bashed everyday
2018-03-24 12:14
Bull mkt cut loss bear mkt also cut loss when can sifu CPTeh started to teach how to cut win?
Can sifu find a stock which can go up 100% to 200% n then teach how to cut win? I will ask 10 of friends to join yr cohort 21 asap
2018-03-24 12:22
Alternately if u cant find a cut win stock u can also teach us how to make money in bear mkt....short the futures? Buy put warrants? Buy empat ekor?
2018-03-24 12:24
seafood always trade left hand side of the chart but sifu always trade the right hand side. is cipet teh a real seafood or sifu ? everyone should have an answer by now.
2018-03-24 12:25
Steel Tariff Exemptions Expand
The 25% steel and 10% aluminum tariffs were set to take effect on Friday, but the Trump administration clarified late Thursday that countries representing more than half of U.S. steel imports would receive exemptions through May 1. Exempted countries include European Union members, Canada, Mexico, South Korea, Brazil, Australia and Argentina. After May 1, Trump could decide to permanently exempt those nations based on the status of talks.
Steel stocks fell hard on Thursday after U.S. Trade Representative Robert Lighthizer telegraphed the change in policy. On Thursday, shares of U.S. Steel (X) sank 11% to levels last seen before Trump ramped up his steel tariff talk in mid-February. Steel Dynamics (STLD) fell 7.5%, Nucor (NUE) 6.5% and AK Steel (AKS) 8.7%. Steel stocks extended losses Friday.
US steel stocks plunged due to the smaller impact of Trump tariffs on steel. Malaysian steel stocks should move up.
Trump Tariffs: Why Dow Jones, S&P 500 Are Falling Despite Steel Tariff Exemptions, China Restraint
https://www.investors.com/news/economy/trump-tariffs-steel-tariff-exem...
2018-03-24 13:02
cp
hold has always been at own risk and reward ...never at other people risk......
2018-03-25 00:36
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