My Trading Adventure
Selling on strength
CP TEH
Publish date: Thu, 01 Nov 2018, 08:31 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.
JCY : downtrending ... spiked for two weeks for distributions and at new low, drifting lower.
Morning ... I had an e-meeting on selling on strength, selling when it spikes and cut-loss those stocks we are stuck up there, during good market sentiment (like now).
I gave Sapnrg, IQGroup, Alcom .... Magni etc as examples. Stocks do not go to new low in few days or weeks ... they will rebound. If we are stuck (like most out there now), time to cutloss is when it rebounds ...
example now : LayHong and many more!!
the thumb of rule is when it rebound about 30% ... some only 20% rebound before it dived ... some rebound more than 50% ...that we could never know.
IWCity is another typical example of operators exiting with pumping it up ... spiked and dumped. Well ... IWCity was a popular stock back then (Malton and Ekovest were in play too) as it surged crazily ... and many retailers stuck. THAT short spike could be the last call to SELL on strength ...cut-loss and let her go.
Will these stocks spike again? we don't know ... we cant tell that as we don't know if the operators have exited all their positions or new operators taking over the pumping task. What we do know ... the down-trending stocks, with purely speculating (poor fundamentals) would continue to be downtrending ... and eventually 'disappear' from being popular (example : IFCA and many more).
It is very hard to sell for losses ... so, cutloss 'early' is definitely difficult but a must in 2018. It is also very difficult to sell-on-strength, seeing markets/stocks rebound sharply ... and to sell for losses, but it is also a must as distributions on-going in many stocks (Constructions, Properties, Plantations, Tech etc etc)
one may join my trading group to learn on these 'survival' skills ... and you would be better prepared for the down-side ... rather than just talking about profits.
Stuck in stocks?
contact : cpteh@yahoo.com or 012-821 0129
TEH
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Discussions
Be the first to like this. Showing 12 of 12 comments
http://www.theedgemarkets.com/article/edge-survey-shows-57-respondents-say-no-raising-tax-revenue
malaysians can donate to Tabung Harapan, but cannot "donate" thru higher personal income tax? Mana boleh? Can donate to Tabung Harapan = got money $$$ = can help save Malaysia by contributing more to personal income tax lah
2018-11-01 10:07
Maybe....lol
New post comes out today saying he took profit on seacera...
Never underestimate cpteh!!
2018-11-02 12:33
Even cpteh's one n only supporter superbest also teased him on his 10% paper gain in layhong...lol
2018-11-02 12:49
teh
to frame up.............to make any money, to do any thing, it is all about paying a price in risk.....textbooks and book sifus not going to be of any help.....its all about habits and characters...and willingness to pay the price in risks...risks taken at appropriate time and for appropriate reasons......
2018-11-02 14:13
teh
u cannot be such an unbalanced individual and expect to do well in any thing.
2018-11-02 14:14
some times buy a share and immediately go down doesn't mean sure lose money....it depends, it always depends.
2018-11-02 14:16
Finally sold off all my Layhong shares with decent profit. Now looking forward to read your upcoming post on POS waterfall.
2018-11-22 15:13
teh
to frame up.............to make any money, to do any thing, it is all about paying a price in risk.....textbooks and book sifus not going to be of any help.....its all about habits and characters...and willingness to pay the price in risks...risks taken at appropriate time and for appropriate reasons......
=============
in the case of layhong, my cost is 44....went to a low of 33...today 49.....
2018-11-22 15:19
(qqq3: if this thing next results as good as I expect....I hope to get at least 70 sen....)
Current price of Layhong already factor in any good QR report, from low of 33sen to 47sen now.
Once QR released, the share price will plunge regardless of the result.
But if the result is really good,it might climb back later on few days.
Just my sinkalang 2sen.
2018-11-22 15:48
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SuperBest
I'm stuck at LayHOng, average cost 38sen. So have to cut win?
2018-11-01 09:59