My Trading Adventure

22nd jan : A losing day

CP TEH
Publish date: Wed, 23 Jan 2019, 12:58 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.


After done so well in 2019 ... today, I managed to lose!! ouch.

cutloss all to be in full cash position as KLCI hitting 1700 level.

sold : Mitra, Frontkn and Supermax, all in small losses.  Others all sold last Friday. Harta went higher. haha

If one could understand WHY markets so volatile ... and also WHY so many spikes ... then, u will know WHY retailers stuck up there BIG time ... way before market crashing.

Simple as that ... no one want to ADMIT market is crashing and most sectors are not doing well , fundamentally and charts showing strong downtrending.  So ... the recent spikes in VS for example would be a good time to SELL/EXIT ... buy some stupid-naïve-greedy retailers jumped in at high 90cents or above , stuck ... today it closed below 80cents.


no ... I didn't take VS ... as it is too volatile for an old-man like me. haha

So ... I m focusing in SELLING and asked my group to reduce position or no taking anything this week as pullback expected.

we cant win all the time ... so, the rare losing day for me. And I m taking a pause for at least 3 days.

Be fearful when everyone is greedy? haha ... I shorted the FKLI. haha.

Night.

TEH
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Discussions
Be the first to like this. Showing 4 of 4 comments

Flintstones

CP Teh, time to take your medicine

2019-01-23 07:15

cheoky

Sorchai.waterfall since day one. U still buy stock then cut lose? Why? Hand itchy

2019-01-23 07:33

hakubasnow

Making profit of 3 sen instead of 2 sen and he already claimed to have done very well, and its' only two weeks into 2019

2019-01-23 08:31

targetinvest

Cpteh. Invest in johotin and u will be a champion sifu

2019-01-24 18:57

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