Con: 3 slices of lemon + water everyday. Water...not corona!

DK: i love your win Big on love statement. U have a good weekend. Hopefully the greek can solve their prob this weekend so CI can continue TR.

$: serious????

Con: need to give motivation to other traders... no matter what job title we are holding...we can still strive to be a good bursa geek like $.

$: u r vocalist, pianist or drummer? Whats your bursaband top billboard song at the moment?

$: will join K+ this round after u give signal. Preferably at retracement level.

$: which boy band r u from? I have serious doubt u work at econsave.

Tsy: for stock to go higher... it need to go up retrace go up and retrace...so plan your strategy well.

$ : good morning and noon!

Must blame...if not she will do it three times in a roll!

Good morning all!

Capt: good call on penta! I am starting to see your cLassic pattern buy call. CI macd +d already though its making new low yesterday. Will take some position next week cuz dont wanna carry trade over the weekend.

Con: ada nampak +d in CI?

Before you take any new position on stock, you need to make a plan on your trade. And you trade with your plan with DISCPLINE.

Whether you are pro or newbie in FA, TA, PA, SA, AA, AIA, A+ or A-, you always plan before you trade. This article is mainly for those who trade without plan all this while.

What is trading plan?

If you are buying a stock at RM1.00, you have to plan how much losses u are willing to absorb for this position. IT IS NOT how much profit u are going to win for this trade. Be it 5% or 10%, u have to trade with a trailing stop plan. This is the 1st and fatal mistake for those who trade without a plan.

If u have set your cut loss price at RM0.80, u just cut it when it hit that level without hesitation. U dont wait and hope that the downtrend is temporary and it will rebound soon. 80 to 90% it wont. U will dig a bigger hole for yourself till your saving is gone! The key point here is PRESERVING your capital so u can live and fight another day.

How to set your cut loss level?
1) resistance and support, Fibonacci, trendline, elliot wave and etc. What are those? Please google.
2) you can just set your own cut loss level without looking at TA or FA.
3) any level once it breached will discrupt your daily routine or mental cycle.

How to set your profit target?
1) same as no.1 of cut loss plan.
2) Assuming you are buying 1000 shares of XYZ at RM 1.00, you can sell at rm 1.20 if thats your desire target. Or you can sell 500 share at rm 1.20 and let the profit run or trend is changed for the remaining 500 shares. if the price didnt no go higher but come down, then u have to set your break even point to close the remaining 500 shares.
3) Forget all the price target set by research houses.

There are excellent write ups by matrixcool in technical code breaker on trailing stops and trade plan. Go browse through their past messages.

Again, its not easy to trade with your plan. Thats where DISCLIPLINE comes in.

Lastly, u need to learn how to cut loss before u can start earning money in BURSA. U dont have to trade every day also cuz there is LIFE besides bursa.

+ve comments are welcome. Negative comments by flaggers or keyboard warriors are also appreciated!

Have a good trade!

$: i mean everyone should have their trading plan when take position. No... mana i ada cakap i tak percaya u.in fact, i love your analysis on micro and macro.

$: when u give fish in open sea...i am kind of hesitate to pancing cuZ sharks and octopus are swarming the big blue sea... when u first highlights Slp..... see how they push to 1.25 and telan kuat kuat those ikan bilis that followed.... now ikan bilis no more watching... diam diam push it to new high..dancing in corel reef with sea horse, nemo, empurau and etc!

$: die harder in the making.... thats the catalyst for major wave 4 for global market to kick start. Bruce Willis 'yippie yei kai' soon.

Con: slp still in w3 extension? tail end wave already from my pov.

$: tied up with work... didnt SLP. Can share your view on last night FOMc?

Con: thanks..that's what i am seeing... i like how it build up from wave 1 to wave 3... Kiv this counter...Let see how wave 4 unfolds.. strong usd should benefit Q2 Result and bonus issue comes into play also.

Capt: one kindie question on wave... most of the time i am confused on wave 3 and 5. How do i differentiate whether its wave 3 or 5? Based on trendline broken or MACD?

Con: can help take a look at careplus? I am seeing wave 3 done at 0.76 1.618 of wave 1. Just need to reconfirm before i trade.

Solie solie...just felt sorry for those buying at high price with their saving.

Con: jawapan betul! Need to destress $ with question unrelated to ta fa sa pa.

All the research reports are just bullsh#t. If u were flipped back to their few months back so called IN house reports... they were just f##&@*&$ bullish on ifca... now sudden U turn! No... i dont hold ifca... but i pity those retailers buying into their sweet candy words!

$: one riddle... whats the name of the guard that jaga Samsung retail and service store?

U have to xcuse duit for his magical 9999 post.. he is in the middle of writing Duit porter and the CC house. Will be released just in time for xmas.

Good morning all. Market should have a clearer direction after FED meeting on 16th and 17th.

U have a gOod weekend. Sign off!

Will be looking at +d to decide my entry price...definitely will go in if break 0.90 thats where PA kicks in!

Con: yah... i will be there for wave B... but wave A still very nasty...have to catch the right timing.

seph: congrats... i think u r upgrading to MASTER already!

$: never knew your bazooka can spill out so many oxford words! some of the unfamiliar words i need to google to get the meaning

seph: since when u like to be on top?? tot con dont let u

$: ci macam meow meow bounce...up coming fed meeting outcome to raise rate on sept or not should be factored in the market already. What's ur view?

$: forgot...ada umai juga!

$: pai seh...wa bo chiak lui lian... but ikan empurau.. ikan masin terubok...burung nest... lada berwarna warni... lu boleh tapau balik!

PW: Try to monitor WTI Crude at the same time if u wanna involve OnG stocks. we cant really tell u long term or short term on your holding. buy 1 or 2 stock at one time.. learn their characteristic... dont get involve with stock that u r not familiar with.

con: no antique yet at the moment! :)

noman: i just treat wave A = Wave C. target around 1.07. Your rainbow indicators making me dizzy!

simon: i3 is a place full of -VE wave when red sea... i enjoy reading your thread... thus can compare my note with your chart! no one can predict 100% where market headed! 60% is not easy to attain too!

keep up the good works!

Pw: try to learn trading plan st technical code breaker blog... browse thru their previous message on how to set price target and cut loss level. Most of the oldies and classics in CC house are traders.. they trade in few bits profits cuz buy in volume...

$: bo tai chi

$: kl frens visiting.. bringin them jalan jalan

$: no fish fillet on menu today?

Good morning all! School holiday omos over... CI will be resurrected soon.

Con: i trust your fib and wave over other recommended target!

good morning all!

capt: IFC 1.32 once cracked... flood gate will open.
They are hammering TNB now... dancing on the edge also.
CI 1720 (SW5 of W3)looks inevitable for now if TNB is not holding!

capt: thanks for the update: for ifc.. u looking wave c tp at 1.07?

Noted with thanksssssssssss!

seph: i just ordered extra mushrooms for my wantan mee!

Penta - watch for 0.70 / 0.695 resistance... nice symm triangle formation.

$: thanks for the 16% RSi.

YY: good morning!

capt: interested to know why u picked SKPRES in the 1st place? i am seeing ascending triangle before the breakout, support tested and going higher.... MACD wave is well supported.

will that be wave 5 developing now?

capt: Greek prob drop a big bomb this week to start the selloff... or they manage to cut a deal to start a rebound! or Rosmah replace jib kor to send CI skydive!! :)

$: u r using last lowest 16% (oct 14) as support. Now its testing 23% support level (dec 14). like capt said... will be interesting to see the next sell off... anyway.. cant predict where the market goes... back to basic.. lower low or higher high to enjoy the show!

capt: FKLi still a huge discount to Cash. A bit skeptical whether CI found the bottom yet. monitoring O&G and palm oil stocks since crude and fcpo are rebounding!