AirAsia weekly chart .. closed at RM2.90. I m shorting in stages ... RM3.50 and RM4 in queue. Once it is RM2.50 and below, I m adding my short at RM2.50 ... taking profit at RM2 and RM1.50. So ... it may takes few months or 1-3years for this trade to materialise.
RM3 (short with RM30k) ... so be that. RM3.50 would be RM35k ... easier position size for me to remember.
Thank you for sharing your SHORT strategy on Airasia Mr The. Again, our Taiwanese group applied OPPOSITE strategy and make gains today. Our youngest inexperience member boasted that if we continue to apply OPPOSSITE strategy, we are on our way to become the first millionaire club. Again, we thank you for your wrongful insights.
I think CPTeh is going to get it wrong. This market is likely to see a year end rally after October that may spill over into Mar-Apr 2017. Reason being early election is now an increasing possibility with opposition in disarray.
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....
Emptyhead
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Posted by Emptyhead > 2016-09-13 15:53 | Report Abuse
AirAsia weekly chart .. closed at RM2.90. I m shorting in stages ... RM3.50 and RM4 in queue. Once it is RM2.50 and below, I m adding my short at RM2.50 ... taking profit at RM2 and RM1.50. So ... it may takes few months or 1-3years for this trade to materialise.
RM3 (short with RM30k) ... so be that. RM3.50 would be RM35k ... easier position size for me to remember.