Sold 2,000 lots averaging at 3.19 Profit $49,000 less brokerage in 3 days. -------------------- Ans : rr88 is a shameless liar here.
Bought 500 lots 3.11 = 1.555 M Bought 500 lots 3.01 = 1.505 M Bought 1,000 lots 2.83 = 2.830 M Total amount = 5.89 M 30% deposit = 1.767 M
rr88 does not have money to pick up 1,000 shares of Greatec, how to pay 1.767 million cash to the broker as deposit to purchase 5.89 million worth of Greatec shares. rr88 is a shameless liar here, he can bullshit here without any change of his face color.
Do all of you know that rr88 stays in a low cost house ? He does not even afford to own a car. Tell me how he can pay upfront 1.767 million as cash deposit to purchase 5.89 million of Greatec shares. He just bullshit and tells lies here.
When he makes a little money, he starts to attack me. rr88, FYI, we sold Supermx shares a long time ago, we did not hold Supermx shares anymore. Dropping to 1.00 is none of my concern here. I made a few million profit from Supermx shares in 2020. I don't even look at Supermx share price now.
I used my last finger to beat you flat, you want to challenge me in share investment. You will win me in telling lies and bullshit in I3. That is your special skill. Thank you. 09/03/2022 11:01 PM
wallstreetrookie i3 Hall of Fame/Shame 1. Pang72: Contra God 2. Paktua: WhatsApp Pump and Dump God 3. Calvintaneng: "I told you so, buy this company that I recommend instead" AKA OG Master 4. Dompeilee: Appears in literally every stock that limit up Insider Trading God (I bought xxx two months ago and now it's up I am a God) 5. mf: Robot/AI God 6. CUTLOST: Career gambler 7. rr88/Cakes Moon: "Buy high sell low - Sell low buy high" 8. Johnzhang: Value + technical investor 9. OTB: OG Master 10. Mabel: FOMO Analyst 09/03/2022 11:03 PM
In Malaysia, no such thing as strong rebound, those shorted counter will only dead cat bounce. If Nasdaq, DJI dropped 20%, ours will more disaster than that even 50% drop from the peak then only will do one - two days show. Our market is rotational play. Have you forgotten about gloves? How are they today. If you talk about supply demand, it is meaningless in Malaysia as super negative earning can fly to the moon.
So, arrange your funds wisely, only enter when you think it is super red and stochastically oversold.
Ukrainian - Russian Foreign Ministers meeting in Turkey has ended: NO DEAL
New York markets futures turned lower upon hearing this news.
Tomorrow early morning, run for yr life. The earlier you run, the better off you would be.
Next week, market will return to heavy sell-off mode, because fighting in Ukraine will continue, and because of ahead of the first US Fed interest rate cut announcement.
So how? Backhole kena dy? Pain or not? Wait, this is only the beginning.
It may rebound a bit It may drop a bit n rebound back a bit It may drop a bit n then drop a lot
=> Prudent risk management technique: During early stage of a drop below yr cost, you lock in yr losses. This is to eliminate a possibility of a drop a lot scenario, of which however skeptical you are at the moment, it could happen and do you a lot of damage.
If it rebounds back, does not matter. The objective is to do damage control. Even if it rebounds after your cut loss maneuver, you hv achieved yr objective. It is for greater good of yr capital over the long run.
chill la rr, your views are very extreme. Keep calling for strong buy and strong sells is a sign of overconfidence, none of us have a magic ball to 100% secure the future. Paper loss =/= actual loss. Different people invest their pockets differently.
Some people love TA so much let's talk about TA...
Here are another two data for your reference:
If you look at the chart, the Support and Resistance are :
Support : 2.81 Resistance: 5.59
If you look Gann Support
Gann Support: 3.25/3.16 | Resistance: 3.34/3.43
and you will get different TP...What does this tell you?
If you look at all the Stock market research house, all of them uses TA to justify their entry price and selling price. All have them have the same historical share price which is the foundation for their charts. My question is, if all of them are having the same data, how come all of them come out with different price for buy and sell call? Why is there a difference?
The reason for the difference in buy/sell call price from different research house, they are different is because everyone using TA are just doing guessing work, aka gamble. Today this research house is right, tomorrow another research house is right... so who's TA formula is more accurate? Inconsistency in accuracy means they are nothing more than guessing work.
That is why some the long-term Investors say TA is rubbish.
Hence, don’t waste your time on TA, spend your time to learn about the company business, go and dig out real data from inside the company like some of you did. Then you will see clearly what you are buying, when to enter and when not to enter. You will get exactly what you know about the company...
Summing up..
Investors and traders have different time horizons and expectations. They also follow different metrics. Investor take a long-term approach to the markets. That's why they can sleep like a baby
Traders involves short-term strategies to maximize returns daily, monthly, or quarterly. That's why they are very uptight, very aggressive and always cry like a baby.
Investors are more likely to ride out short-term losses, while traders will attempt to make transactions that can help them profit quickly from fluctuating markets.
There's no right or wrong approach. It all depends on how deep is your pocket. However, the best players are the one who can master both by riding the wave...
As I said nobody can really time the market. Otherwise we all wouldn't be here...
The best way is to buy is to buy what you understand and support your business plan. To me the EV Play looks attractive beside other things that Greatech has to offer.
Greatech has been good to me. Bought since IPO and has trade many times and so far it has given me continuous orgasms. Here's the best part, Greatech is very positive in my P&L...
Chill my ass. There is overbought, there is oversold. Basic oso you dont know ka.
3.10 - 2.80 oversold 3.40 - 3.56 overbought
Now neutral. Operator playing a small game to con people. That is all that there is to it, a game.
I told you 1000% overconfident that this thing is heading down below 2.00 and will stay there moving sideways.
Because 2 dead crosses registered on the chart. 50 day crossed below 200 day. And 50 day crossed below 400 day. Its a LONG TERM BEAR MARKET in a BEAR COUNTRY.
Trade in and out, but DONT EVER HOLD IT LONG TERM if you get stucked. Cut loss!
When deciding on whether to hold or sell Greatech, it depends on how much you have in your overall portfolio. Right now, Greatech is less than 10 percent of my portfolio (used to be 13%, lol!), I can wait it out for years and not worry too much even if it goes bankrupt. However if you average down and find yourself with 70-80% of your portfolio in Greatech, very likely you have overbought this counter. 70-80% of your overall portfolio is tied down to a single counter if you intend to keep it for long term. I don't know about you guys, but I don't sleep well with such a portfolio.
What to do now? Look for opportunities to pare down your portfolio. Sell a small portion during a rebound (very likely at a loss), and slowly adjust your portfolio until you reached your desired ratio. Take your time because rebounds will come sooner or later.
@EatCoconutCanWin I average at 5.02. If I want to cut now, I can cut some. But I don't have any use for the money. Not a counter I particularly liked. If I find a counter I really want to invest, within a month or two, I can slowly switched to the preferred counter.
Before cutting, make sure you have a plan on what to invest. When you cut is up to you lah. I believe Greatech may reached RM4 sooner or later.
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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....
curiousq
1,083 posts
Posted by curiousq > 2022-03-09 23:28 | Report Abuse
wat is OG? Only God?