"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Hi, I bought high AWC on march with 0.43, now drop to 0.32, quite worry, I know I should set cut loss point but fail to make it as I take it for mid term , its quarter result gonna announce next week, pls advise, ur advice will be deeply appreciated..... Thank you
profitman ... many hugzzzzzzzz for sharing your assessment :) appreciate it always !!! i know u won't teach me your trading top secret but may i at least learn from you how to write so wonderfully in english ???? good nite n sweet dreams profitman
Hi Profitman, thanks for the sharing on our index rebounding...agreed that we are not out of the wood...out of 10 days,just about 3 day up and the up % is s much lower that the down %....scary roller coaster movies....thanks again ya
tsy88 / Dunknow - good morning. Have been busy of late with a new job and some business travelling. Less time for trading. Had a quick browse on i3 and notice that both of you are doing great with stock picks from my good friend rchi. He's the undisputed Warrant King (in case you are not aware). Try not to miss his calls. TM932 is tops in reading charts. Just too many postings in Connie's thread - cannot cope up. Have another good trading day.
tsy, Dunknow, jasonor, ariff, connie, duit, Jal & All, Good Afternoon.
Yes, big Dow drop with reds across Europe sends shivers down the spines of many. As it is, all major markets are down 2% to 3% except Malaysia who is probably the only green besides NZ market. In addition, our MYR slid to around 4.18 today. Perhaps Malaysia is playing catch up in someways, thus, the green market so far. Nevertheless, be cautious in your trading.
Good morning. Thanks for yr reply. Noted that u hv been pretty busy !! Work matters are more important.
Yup, Connie's thread hot favorite n most active now. Juz missed few hours n gosh, so many pages to browse.
Yeah, I do remember u telling me that Rch is the undisputed warrants' king. He is spot on. Even in bearish mkt, we can still earn purple notes luckily. Hats off to Rchi. He never fails to amaze me with his superb calls.
As for Tm's expert chart analysis, needless to say also as good as ever n never fails to update us daily. Hats off to Tm932 !!
Do keep in touch n all the best in yr endeavours n may u be blessed n happy always !!
Almost everyone will have a dim view of Bursa today, Expecting it to head south, there is no other way. Investors who adopt a long term strategy, This could be a very rare opportunity, To collect good stocks at heavily discounted prices, And patiently hold on until the market rises. For newbies who face such a market situation, Just take it as a valuable learning lesson.
Nevertheless the market is full of surprises... who knows how it will turn out!
tsy, Dunknow, ariff, inwest, jasonor, connie, duit & all, Good Afternoon
Thank you inwest for your thoughts. I agree with you.
Yes, most investors will be negative on the stock market. Depending on your investment timeline, this would be a good opportunity to monitor for discounted stocks. As the market trends down, any large scale margin calls will trigger another round of sell off. It can be a vicious cycle.
Oil price has dipped below 40 as I write while our MYR has continued its slide to 4.21. Some may ask, when will it all end? Well, we really don't know. The market is undergoing a period of adjustments with a myriad of external and internal factors influencing it until a new equilibrium is achieved in the bear before the bulls reign again.
In the meanwhile, we just have to ride it out. It is very important that investors especially newbies, refrain from buying into a stock just because it looks "cheap" now as compared to its price before the index broke down from 1600. Cheap can be cheaper in a jiffy. You really need to know the value of the stock before you can say it is cheap.
With the US and Euro markets all in red, Probably our market will drop at the same rate. When can we see the light at the end of the tunnel? A million dollar question which no one can answer !
tsy, Dunknow, Inwest, ariff, connie, duit and All, Good Morning.
tsy, I wish I can have an answer to when the rout will stop....hahaha... But, for sure not in the immediate future. Dow dropped 1,000 points on opening and rallied off from here to be down 588. The US economy is recovering somewhat but the same can't be said for us.
tsy, Dunknow, inwest, ariff, connie, Duit & all, Good Morning
KLCI may be green today but do be cautious. Most stocks are still down and most hardly moved. The index is propped up mainly by Tenaga. The overall sentiment is still one of fear and caution. The Dow's roller coaster ride of the past 2 days puts to shame even the most exciting roller coaster ride in the world. Yesterday, it rallied up 442 only to see it vanished to close down 204. It certainly does not send a very encouraging signal.
tsy, Dunknow, ariff, inwest, sasopi87, connie, duit & all, Good Afternoon.
Unpredictable best describes the current world market. Just when you thought it was going down, down and down, it shot up. There is still a lack of impetus in our market to trend higher though. Trade cautiously.
Friendly reminder to everyone. Capture all the economic calendar and track closely SEC's movement as well as money flow in the region (Indonesia, Singapore and Malaysia).
The market outlook shall not deviate much from money flow direction.
Meanwhile, please consider to close position for entire FBMKLCI- Call & PUT.
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....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .