Friday, October 31, 2014

Trading Mistakes



Tonight e-meeting 10.00pm 

Topic : Trading Mistakes

Those who cant take the pain of losing, and not matured enough are NOT advisable to listen as I m going to point out our trading mistakes.

But, only thru mistakes we could learn ... and improve.

See u all online ...

to join me, you need to add yourself in  https://www.facebook.com/groups/cpteh/

note : this is educational and free.

TEH

Yeah ... bullish again?

It is not a good joke ... but, everyone is delighted .. good morning to DOW up 221.11 points. Yeah ... told u that retailers will jump in big this time ... ini kali la ...

KLCI still have some upside, but the RISK is higher now. Those chasing hot-stocks, good luck to all.


KLCI : Could it stay up above 200MA now? 1865 next resistance ... can sell all and go for Nov holiday ...

My trips away for holiday in Nov/Dec.



Sepang : GoldCoast ... nice ... my fav place to escape.

Malacca : mid of Nov ... to meet members and have a market talk. Those in Malacca to meet, do keep in touch.

Sabah : In Dec ... excited as Sabah is the place my heart wants to be. Will have a day off for Trading Workshop and Market talk. Contact me those in KK.

AAX : Sold 79cents when market bullish. Bought yesterday.

BJCorp : Sold part at 50.5 as I was collecting around 48-49 cents. Keep another portion for them to goreng. Sold another part 52.5 cents done too. Great.

Caring : A very un-caring counter for the investors now as it is moving to new low in such bullish market.

That is the ABC in my stock-list. Caring ... watching but not catching yet.



MyEg : Brekaout to new high today. I bought into her ... wish me luck.

Today is end of OCT.  I am clearing most of my stocks for doing some accounting. It is a good time to sell when everyone is back with good news ... such as SMRT the cheapest education stock? hmm ... buy or bye?

Today is also for new members to join my stock-watch. Do contact me at cpteh@yahoo.com

This weekend cohort-14 will be postponed to end of Nov. Let the market corrects again, otherwise ... everyone becoming good in trading now. Hmm ...

Have to go for classes ... and have a nice trading day.

TEH

Thursday, October 30, 2014

Some updates : DNex and DRBHcom



DNex : Now they will be talking about DNex ... doesn't matter if the company is selling roti or shoe, heck ... buy today, sure ... huat arr!! Then ... they will pray that tmr it will go HIGHER. Perhaps breaking 40cents tomorrow, buying more and ... yes, ini kali la.

If one has bought DNex at 35 cents previously, it went to 25cents recently ... are you still holding in pain, quietly praying ... and today, you are so so happy that you endure the pain ... and by tmr, IF it shoots above 40cents ... you will praise yourself for your bravery or perhaps thanking God that your prayers come true? You should thank your lucky star! Many more penny stocks is recovering ... to entice more retailers to jump in. If you think these loser-retailers have learnt from their lesson recently, you are wrong ... it is HUMAN NATURE la ... that is why normal human(without common sense) will never be able to trade well.  Since when gamblers will learn? Admit it ... you were lucky!

On the other hand, imagine that you bought at 35cents and due to so much of pain, you cut-loss ... say at 28cents. It went to 25cents ... consoling yourself that LUCKILY you sold early ... it went to 25cents. But ... today, you watched your DNex shot up to 35cents again ... you are in such a pain ... arrghhh ... heck, buyback at 35cents!! Ini kali la ...

See the no common sense of retailers gambling in markets? I met so so many, reading from forums ... there are plenty. And more ... some sifus might come out to tell you he bought at 25 cents and sold at 35cents ... in less than 2 weeks? See? You are biased .. your mind are blinded ... and such a logical common sense in you thrown out simply because of GREED ...

Till retailers realize such mistakes(most will not ... 80%), they will not understand why such things happening and try to predict when a stock will be goreng-ed.


DRB : Update from the chart I posted just now ... now, it closed lower, 2.11 ... and as I have said earlier .. it will formed a bearish crossover in stochastic. I do not have crystal ball ... indicators are Mathematically calculated with some formula(which I do not understand in depth, either). What I do know is I m planning to move in DRB again ... re-trade and wait at RM2.06 level now ... that is NOT a buy call, ok?

Those retailers will be yakking around in forums saying about Iriz is not good quality and sales may not be good? What a waste of time  ... as if we know and how is that translated into their P&L ... and affecting their share-price next week? Speculators ... they are everywhere. How about talking about 20cents increase in petrol price, and many might abandon their Benz or BMW ... and grabbing Inspira? After all, fuel subsidy is for lower income person like me who is driving a 1.3 Proton, right?

DOW up 140 points at the moment ... hurray for those punted into DNex ... the most popular stock of the day ... congrats.

Night ... sweet dream, then.

TEH

Still buying speculative counters?




http://cpteh.blogspot.com/2011/12/learn-to-trade.html

I was shared this link ... my previous page about teaching trading. Will elaborate after I re-read my previous old post which a member who followed me for since 2012 telling me ... about how he lost money before joining me ... and now, after 3 years with me, glad he is a learning to be good trader. Will share his words .. to show that I was able to be his ''mentor'' tho we are miles away.

While MANY so-called guru with huge group following them to PLAY, GAMBLE and PUNT into lousy counters ... recently lost A LOT of money, the members will be keep quiet. They knew they are the one who took the RISK. Serious issue of GREED in SO MANY retailers .. LAZY yet want EASY money. So, they followed some tips given ... and recent sharp correction killing many. Still want to buy speculative counters? YOU THINK using brain for a while. Are you game enough for it?

Those so-called sifus who attract retailers to their group by promoting 10-20% profits in less than a week? I believe many members got burnt ... and keeping quiet? If u bought into it, ask the sifu when to sell. Now huge paper-loss, still can hold or not as those companies are lousy fundamentally? But, why they promoting such stocks? Because that is what retailers want ... suckers!! Hmm... serious mental block.  zzz ... they will never learn, more newbies coming into markets and believing that they will profit from tips ... and they will be WINNERS. Hmm ... 80% of them in market losing ... it cant be ME. Hmm ... why? Because we over-rated our own intelligence ... zero LOGIC.

Trading is NOT gambling or punting. There is a fine line to be drawn and I am sure I drawn it clearly.


DRB : This is trading ... market bearish. DRB formed inverted hammer, with high volume. The risk was low at RM2 level entry, RSI showing oversold with KLCI is oversold too. Then, at RM2.24, I asked member to SELL at 2.24 level. Hanging man formed, nearing to resistance. Then, we see ... stochastic moving fast into over-bought region. If today closing lower, we expecting bearish crossover in stochastic. Then ... we will re-plan to trade again.


KNM : A down-trending counter ... imagine buy at RM1, and did not cut-loss. Many bought KNM before 2008 crash ... and have not get to their cost price. It went to 40cents ... guess what, it is at 80cents now. Could we average down KNM at current level? Ask your sifu, dealer, remisier ... your friend or whoever at all given you TIPS to buy KNM, and telling u it is under-valued ... or some rumour .. hot-news etc etc. THINK(need brain again ... sigh ... still working or simply want to profit and tell stories it is down due to crude-oil price down? Serious?).

Majority retailers (80%) are losers and will continue to be losers as they believe in such TIPS. They believe that The Edge written about those news are for them to get rich. Or perhaps, their friendly remisier giving them first hand hot tips ... (psstt ... don't tell others, you are my best customer ... I tell u buy first) ... perhaps broker reports yelling us to BUY XYZ or WXY ... then, we naively went to forum ... the noisy market-place to talk, brag, share argue opinions ... and knowing majority believing it is under-valued, wow ... we quietly bought into it, thinking we have a good catch.

Let us plan where I should go ... for Christmas IF the stock I bought hugely going to fly? Let me see ... our brain telling us ... we are smart to buy early. And endorsed by our so-called sifu .. our so-called friendly remisier ... our great broker report ... plus support by the forum community. WOW ... ini kali la ... WOW.

We have thrown our logic out ... we are convinced that this will be our killing. Oh yes, since we are lazy gamblers ... we easily forgotten about our losses. Our recent pain? no? wow ... continue to keep quiet .. with many stocks way below our cost price. Ignore them ... buy new TIPs. Sound familiar enough?

Do you know that when market corrected sharply recently I received few e-mail asking me about their stocks? And do you know that they have more than 10 PENNY SPECULATIVE counters in their portfolio ... they don't even know what the companies doing ... plus don't even know why they bought into them? A SERIOUS issue of mental block, irrational traders/gamblers in stock-markets. Without them, how are funds, operators going to profit? Tell me .. someone have to lose, right??

I am ASSURING many readers here ... most in forums losing money buying into those speculative counters. Do not believe me ... do a survey. See if they going to tell you why they buy into those punting counters. Also, ask them(nicely la) where they got the tips ... which sifu(s) asking them to buy ... and also what they should do now with that losses. Keeping in the fridge is not an answer. MONEY stuck inside ... cant average down as it is lousy losing money company ... cant cut-loss as it is down by 20% or more ... but but ... believe me again, these gamblers WILL buy into more speculative counters to WIN back. ouch ... did I just said WIN back? Revenge-trading as we known it is for those gamblers. That is not trading. Traders take a trade due to better reward against the risk.

Anyway ... in markets, we will always have new fools believing in trading software, trading sifu, trading tips, trading books ... those buy-sell calls ... etc etc.

Till newbies understand that they WILL lose money in stock markets, and MORE in future if they do not wish to learn first ... sorry is a hard word to say.

KLCI closed 1842.47

Good trading day : My trades done with my group today are good ... suddenly everyone becoming bullish?

Sold Armada, BJAuto. Bought AAX, Yinson and Yinson-cb, Supermax ... day-trading on DNex, SMRT, SMRT-wa, IOIPG.

Those wish to check on my trades(live), please contact me at cpteh@yahoo.com

Time for cycling.

TEH

Wednesday, October 29, 2014

KLCI bullish day

Last minute they scored to win .. phew. And KLCI celebrated with a 12 points gain at the moment. wow. Talking about bull-market again? Hmm ... time to sell more to the retailers as they are coming in, I could sense that now.


So ... KLCI going into BULL again ... buy buy buy? I am saying bye-bye-bye.

Where are all around when I was busy buying 2-3 weeks ago? Excuse me, KLCI was oversold ... now, RSI should be around 60? With 1840 resistance, it is time to REDUCE.

I don't know ... I do know it is very confusing. I thought when market in fear, we supposed to be greedy. So ... when I bought ... some people advised me about the high risk catching knives ... such as buy FGV below RM3.10, buying BJToto below RM3.50, Inari below RM2.20, MyEg below RM3.30 ... and many more. It was crazy with panic-selling ... again, I thought fear = buy?

Today, I can feel retailers want vengeance after being bashed by market for a month ... bruised and wounded. Some quit(good for them) ... while many in great pain of losing money. If u are buying good stocks, why are u worrying so much for NEXT correction? But ... again, they are retailers ... without much knowledge, just GREED emotion to earn easy-money(don't be silly, if it is THAT easy ... no one is working). If those software could trade well and earn money, IBs will BUY into them for millions. WAKE UP .. those selling u software are SALESMEN. And those telling u how they gain 10-20% or 50% profits ... hahaha ... they could be a trader for banks. Banks will employ these so-called great sifus ... haha ... and if they are that good, they do not need to work?

Hey, PMetal was below RM5 merely 2 weeks ago. Now is RM6.40 ... why are you talking about aluminum prices now? I am confused ... why retailers are naïve ... but I could understand as I was at their newbie-level once ... believing in bloggers, media ... remisiers/dealers ... even believing in broker reports. If u r newbie, WAKE UP. Do not trust anyone much .. do not trust me too. I am just a blogger.

Then, who should we trust? OURSELVES.

Use your brain ... its function is to THINK and use common sense. Enough said.


DRB : If only u could see the inverted hammer formed, u will understand why I bought. Yesterday it formed a hanging-man, then you will understand it is time to sell.

Cohort-14 : I am planning for another trading workshop this weekend. Sat and Sun. For details, contact me at cpteh@yahoo.com

Will update the KLCI chart .. nice white candle for you. Perhaps, more retailers coming in to BUY and lets KLCI break 1850 ... lets party again to 1888?

TEH

Tuesday, October 28, 2014

Keeping fit : Physically and Mentally




The Trading Mindset Exercise

Unfortunately, many people who start trading find success difficult to achieve, certainly in the period of time immediately after starting. Trading is a challenging endeavour that has torn people from all across the world across generations, from every extreme of their emotions. It is our money that is directly involved in trading and therefore at risk, and the potential of making more money is our primary motivation for beginning this undertaking.

Therefore any emotions that we may associate with other endeavours are heightened because money is something that seems to accentuate any natural human emotions that we have. Ironically, it is the money that encourages the vast majority to attempt to trade yet it is the money that causes most people to fail.

In his book, ‘Trade Your Way to Financial Freedom’, the renowned American psychologist Dr. Van Tharp discusses in several parts how important your psychology or mindset is to your trading success. He graphically depicts the significance of your psychology using a pie chart and explaining that there are three ‘Ingredients to Trading’. They are System, Money Management and Psychology. In the pie chart, the System is 10%, Money Management is 30% and the remaining 60% is psychology.

Note : My trading is 20% Method, 30% Management and 50% Mindset. This is oppose to what the majority of those newbies or novices think. Most people attended courses to learn technical-analysis and more indicators. Ridiculous. That is only 20%(or 10%) of what is needed in trading. Focus in YOUR MINDSET ... it is what inside your head and emotion that is playing you out. Not others. So, control that ... and you will be taking first step to be a better human ... a better trader.

Why does a psychologist who has spent his entire professional life counselling traders of all experience levels say that so much of your trading hinges on your psychology?

The key is that your mind drives everything you do in your life and trading is no exception. Your emotions are a part of who you are and your decision making process. Decision making is a large part of trading, as you need to make decisions often and many of them are difficult decisions. Furthermore, people like to break rules, even ones they set themselves.

Taken from : http://www.trading-plan.com/mindset_exercise.html

To be a better trader, I need to be fit. So, time to get back to my cycling.

Next year 2015 is nearing ... I have so many things to prepare myself, to be good trader as I wanted to be.

Time to stay focus ... and check on things I needed.

TEH

CSL : Can't be trusted

Brain not working ... didn't even bother to think of a title for my today's post. hmm ... CSL then.

KLCI down about 3 points at the moment, as more retailers jumping into the penny-stocks again(some still with huge paper-losses). So ... today and tmr might be a profit-taking day.

BJCorp : It is not under-valued, of coz. Some asked me that. It is a hot-stock. How is a hot-stock under-valued? But, it is a trading-buy.


CSL : This fella is very un-trustworthy. It dived to 7cents and rebounded to 14cents ... yeah. Doubled. 100%. Haha ... that is how people will promote their trades. Now, sitting at 10cents ... what is next? I don't know .. what I do know is ... they will push it up again for them to distribute to greedy newbies-novices ... or those inexperienced punters.


CSL : This was the IPO time ... all the promises ... 95 cents, jumped to 1.40 ... wow ... dived back to 95cents ... and fly off to 1.80 level. What are they selling again? Nope ... not VCD, but I guess it is stationaries. This is a china-company listed in KLSE. If you are new in market, u may not know. Check few of those china-companies listed here ... most of them selling shoes ... got wine too, if not mistaken.

Yes ... if you bought at RM1 average level and still holding, it might never see RM1 anymore ... unless someone speculate that it will be taken private due to its strong fundamentals and cheap valuation?

Why is it in PN17? Is it? I don't know as I never really check on her. I do heard of the ''fire'' news and I was like .. oh boy, they using that as the reason/excuse not to produce the reports? Can anyone help those retailers who bought into CSL and stuck with huge losses now?

No.

No one could help these speculators ... sorry, I could not advice if to sell at 10cents if your average is at RM1 .. or 50cents ... or even 20cents. We just need to accept our mistakes and take responsibilities. If your remisier or dealers asked you to buy, then ask him/her when to SELL. They will be glad if u done any trades ... win or lose, they are always in the winning side. I do know many good remisiers/dealers ... but to those who just want to earn some fees, think of your clients .. ok? Buying into such "lousy" China stocks, the risk is VERY high.


CSL: Reveals damage. China Stationery Ltd (CSL), which has been in the limelight due to its inability to finalise its audited accounts for last year due to a fire, disclosed an estimated loss of CNY332.7m (RM171.6m) arising from the incident. This amount, without taking into account the compensation from insurance, is equivalent to 86% of the earnings it made last year. For the financial year ended Dec 31, 2013 (FY13), the stationery maker recorded profits of CNY388m (RM200m). The company‟s estimated losses, however, are mitigated by the insurance amount it is entitled to claim. It estimated that the losses after the insurance claim of CNY142.5m, comes up to CNY190.2m (RM98.1m). (StarBiz)

err .. somehow or rather, china-stocks are of low PE .. very very low. In general, low PE is good, but can we really trust their reported earnings?

PE = price of the stocks/earning per share(EPS)

If the earnings per share is HIGH ... then, PE is low. But some PE is lower than 2? wow ... under-valued gems?

How about this "fact" : strong cash-flow. VERY strong. Believing in such?

This is serious ... how do they get to be listed in the first place? Any idea?

Now, as it is sitting at 10cents ... many retailers will think of it as cheap. Stocks such as Glotec, Sanichi, Sinotop ... will attract those punters. Do punt at own risk

Time for my lunch ...

TEH

Monday, October 27, 2014

想做大?请放弃熟人市场



Taken from : http://mp.weixin.qq.com/s?__biz=MzA4MjM0NjEyMA%3D%3D&mid=200328818&idx=3&sn=e0d01e12e53a30909fcb5e8323968853&scene=2&from=timeline&isappinstalled=0#rd

想做大?请放弃熟人市场,用心开拓新人脉!

Trying to be ? Please give up the acquaintance market , carefully explore the new veins !

有些人做市场担心自己没人脉、QQ好友少、微信好友少、怕做不到..

Translation : Some people do not worry about their own market contacts , QQ friends less and less micro-letter friends , fear not do ..

如果做生意只能卖给朋友,那做所有生意都会倒闭失败了,这世界上更多的是你不认识的人,放弃熟人市场吧。

Translation : If the business can only be sold to a friend , that do business will collapse all failed, even more is that you do not know who in this world , to give an acquaintance market it.

当你决定做自己事业,刚创业的时候,你的朋友90%都是不会相信你,80%的人认为你可能被洗脑了,包括你家人;当你小成就的时候,你的朋友70%的人认为你不是有能力,只是运气好;当你开始在收入上起来的时候,50%的人认为你的事业刚刚开始,还不是赚钱的时候。

Translation : When you decide to do your own business, just starting out , your friends will not believe you are 90% , 80% of people think that you might be brainwashed, including your family ; small achievement when you and your friend 70 % of people think you do not have the ability, but good luck ; when you start on the revenue up, 50% of people think that your career is just beginning , is not the time to make money .

This morning, while having dim-sum with wife for breakfast, she was reading these lines to me and I get excited. Yes, a material to share in my blog. Very true. But, I do not know Chinese. Hmm ... google-translate for non-Chinese readers(like me).

When we started out our own business, 90% of your surrounding people will not believe that you are serious. So, when I told people around me that I m going into stock-markets and plan to be a good trader(and trainer, one day) ... in 2008, no many people around are supportive. Good people around me will advise me on the very high risk on stock-markets where one could lose all the money? I do know they meant good ...

80% of people might think that I am being brain-washed ... and stock-market is a get-rich-quick scheme. I have to repeat that I want to be a trader, not those gamblers in markets. I do understand now why 80% of retailers losing money ... they are gambling without knowledge. Retailers are brain-washed that market is a place to earn money, without understanding the RISK they are exposed to. Yes, brain-washed by advertisement ... many so-called sifus/gurus attracting them there with stating they earn few hundreds percent and such. I went to a market talk by a sifu(unknown back then), very active and popular in i3 now ... stating he earned RM1mil plus trading Gamuda-wd. I went with my another two experienced tratles and we could only shake our heads. Many more such sifus ... we are brain-washed by their abilities to be millionaires! If u r newbie or naïve (immature in trading), you will be brain-washed by the runners in forums too ... telling you XYZ is under-valued. Or perhaps, some insider news spreading around that WXY will be taken private!! Heck ... advertisements ... so misleading! I wish I could employ a marketer to help me to market ME. Haha.

Get your point right ... get your senses together. Grow up. Use common sense ... and you will understand the power of advertisements. An author of a stock-market book is not good in trading, ok? He is a writer, not a trader. A trainer who gave technical-trainer may not even a trader at all ... he is being trained to speak about technical charting! A blogger like me talk about stock-market may not be a trader too ... I just write about my opinions and observations. Afterall, that is what bloggers do ... we blog. I added some nice songs for your entertainment ... how is that? Hehe ...

Yes ... now I have achieved small success in my trading ... 70% of them around will be thinking I am lucky. Yup ... I still have many around me will be wondering about my luck. Don't worry, I have rotated my table and I have the wall behind my back ... and will put up a picture of mountain, to enhance my feng-shui. Definitely we do need some luck in trading ... but, it is all about hours-days-years of experiences and experimenting. Well ... I am ok to be branded as lucky to survive, thus far. I may never claim I have the abilities in trading ... but I am learning. How those critics? Are you all profiting well in markets ... or just talk and criticize? Your choice.

Note : I am at this 70% stage now ... yes, 70% around still watching me moving ... and wondering when my luck will run out? These including my family ... who are seeing my results so far.

When my performance showing consistency, 50% around will think that my trading career is just taking shape ... but I have actually done thousands of hours of work ... and shared with hundreds of people my trades. Still there are 50% around wont even bother to notice ...

当你开始慢慢拥有你和他们都需要的东西,比如:收入、家庭、事业、车子、房子的时候,30%的人他们才会对你竖起大拇指说,你真是做大事的人!这时候你全部的朋友都会来说要跟你混,无论认识的,不认识的。

Translation : When you start slowly and they have things you need , such as: income, family , career, car, house, 30 percent of the people they will say to you the thumbs up , you're doing great things ! At this time all your friends will tell you it is mixed , both know , do not know .

Yes ... when I am  reaching further ... when I am becoming full-time trader(I am still not, as I m still have hours of tuition classes per day) ... and successfully manage to trade well, financial rewards will come ... trading becoming a career ... teaching trading is part of my job. I will be mentor to many traders to be ... as being a trader, I could be at anywhere and having the flexibility. A full-time 9-5pm job is really stressful ... and boring to me. Then ... 30% of people around will give me a thumb up, such as approving the road I have taken. When I am able to change my Proton to Honda, I am at this stage. Yup ... 30% ... only 30% of them will respect your success ... tho we knew well that we started from ground-zero.

这个世界就是这样,万事开头难,但是如果你认命了,穷的人会越穷,有钱的会越有钱,因为锦上添花永远比雪中送炭的要多,总是有一部分人注定是穷人,一部分人注定是有钱人。

Translation : This world is so everything is hard in the beginning , but if you accept their fate , the poor poorer people , the rich will be more money, because the icing on the cake to be more urgently needed than ever , there are always some people are destined to be poor , some people destined to be rich.

Poor mindset .. poor financial mentality people will remain poor. Totally agreed as I was financial idiot merely 8 years ago ... then, becoming financially normal about 5 years ago ... 4 years ago, I was still in huge debts ... but, due to ''luck'' in trading stock-markets, I managed to profit well to clear all my debt(credit cards, personal loans, mom and aunties). At the beginning ... when I started out, losing my keropok-biz after hours of hardship for 2-3 years, and started with KLCI ... the 2008 market crash given me a good lesson ... painful yet valuable lesson. Today, my financial mindset have changed and still learning to improve further ... learning from those ''rich'' ones ... their mentality is very different from normal crowds(wage earners and those poor financial mentality).

Stop complaining it is hard ... it is your mindset that you need to work on. Stop blaming others, u r at fault. Stop comparing yourself to others ... think(need brain ... u got?) ... what should I do to be a better person than I was yesterday?

Read all those good successful articles, instead of wasting TIME in chatting .. wasting time watching TV/movie ... wasting time finding faults in others, wasting so much time and energy arguing ... many things are OUR own doings. Take responsibilities. Start with such simple things ... be positive, be motivated, be strong ... and move on. If you cant do that, it is ok ... you are just the normal 80% losers in stock-market. Don't worry ... majority on your side. Are you comfortable with that? Your choice.

穷人与富人的区别不完全是取决于你的背景、财力、能力。而更是取决于谁敢于改变,谁有胆识敢于新尝试,谁敢于在别人的反对中坚持自己的思想、坚持自己的主见。机会每秒钟都有很多,任何东西只有选择尝试、努力过、你才会知道哪个才是属于你自己的机会

Translation : The difference between the rich and poor is not entirely depend on your background , financial capability. But rather depends on who dare to change , and who has the courage to try new courage , who dare to stick to their ideological opposition in others , adhere to their own minds . There are many opportunities for every second , and only choose to try anything , tried, you will know which is your own opportunity

I was born poor ... my parents was hawkers in Chow-kit road. We kids was given to our aunties/granny to take care, without nay money much. But ... we survived, and we bro/sis doing very well, indeed. Yup ... my mindset was stuck to be lecturer ... and not understanding the financial aspect of lives. Our cost of living, savings ... emm ... investing? Nothing .. I had nothing to show, but debt. DARE to change .. I took it with me ... as I was in such desperate situation ... with two young babies to feed!! I was looked down by few people surround me back then .. hmm .. merely 5 years ago. I have no intention to show or tell them off. The change of mindset ... moving into trading and tuition-biz changed my whole financial situation ... it feels great.

Think .. improve your skills in ANYTHING useful. Spend time on that ... not wasting time. To me, time is money. I used all my time ... 4-6 hours per day for past 6 years, to learn to trade. I do not spend time in forums, yakking around and many talk rubbish there. If one could understand why TIME is very important in investing, they will not waste their time ... but will wake up early in the morning, get themselves physically fit ... and focus in their goals.

FGV : Bought RM3, sold RM3.15, bought back 3.08, sold 3.20 ... last Friday, bought back 3.24, sold 3.33 this morning, bought back 3.40 and sold 3.49 done. Game over for FGV for today.

冒险创造机会者,人生中就会多一次踏上成功之路的机会,胆小观望者,被拉开的距离越来越远,最后"飞机屁股”都看不见了……

Translation : Create opportunities for adventure who first set foot in life will be more opportunities for success , the timid lurkers , was pulled farther the distance , the last "aircraft ass " can not see ......

We must create opportunities for ourselves ... and continue to move on. This is my TRADING adventure blog ... my adventure on HOW I was a total idiot, total newbie ... and not only survive the market crash in 2008, but pulled myself up ... slowly and steadily increase my knowledge. I invested MONEY(that I do not have back then) and TIME(lots of it) and to create opportunities for myself ... KLSE is a place where opportunities aplenty ... in daily or weekly basis, we will certainly have many many trading opportunities ... the more instruments, more sectors, more stocks in our stock-watch ... we could take the opportunity, when arises. Those look-see-look-see ... and keep talking ... will miss all the learning part, wasting their time ... and regret. Regretting is something I do not allow to be in my trading system ... or life.

尚赫修真从一开始就没指望熟悉的市场,也没指望别人的团队,一切从零开始,既然选择创新,就要与往日说:朋友!我用不起你!我更不会选择打工心态的老熟人,因为他们的胃口已然养大!

Translation : He is still no hope from the beginning comprehension familiar with the market , did not expect someone else's team , everything from scratch, since the choice of innovation , it is necessary and in the past , said: friends! I can not afford you ! I would not choose to work mentality old acquaintance , because their appetite already raised !

to be continued ... MAY BE

got class now.

TEH


Monday blues

Morning

Liverpool : ... drew at home vs Hull. sigh. BR got few things not right ... Mario is not good enough. Coutinho and Henderson should start. Last year was Coutinho, Sterling, Sturridge and Suarez combination that brings goals ... Mario has no pace and finishing. Ok, Sturridge injured. Why over-work Sterling? Henderson been doing well ... these guys have pace, not Mario.

Tratles.net : To revive ... and see how I could use it to record all my trades, but meant for my stock-watch members only. Yes, it is another added-value for my trading group as I m moving to be a trader ...

Cohort-13 : Sat-Sun, I had a trading-workshop with a batch of mixed age group. Yes, I teach trading using charts ... to trade consistent with trading plan. NOT gambling or punting. Not lucky to profit in those lousy stocks ... and recently, when market dived ... I believe 80% retailers do not escape the killings. Well, if the response is there ... I will have another this weekend.



DRB : Hitting 2.19 today, bottoming out of RM2 level ... market sentiment is recovering.  I sold her 2.18 done just now. Thank you.



FGV : Hitting 3.33 resistance, high at 3.34. I am selling. Thank you.

Many stocks are recovering. But, as majority did not sell BEFORE the selldown, many stuck without bullets to buy.

got to take a nap ...

TEH


Sunday, October 26, 2014

Secret Millionaires




There are many millionaires around ... who don't show their big flashy cars or what have you to show, but they lives amongst us ... doing normal things and help others. Self-made millionaires are inspirational ... as they strive and face obstacles, persistence and never quit.

Their brain and energy is focus in achieving their goals. They do not brag ... they have no time to argue or quarrel. They do not have space for negative normal people, yet they realise of their critics and their enemies.




I have my goal ... to be a good trader. Then, when I have successfully done that, I will want to help other traders ... perhaps create a trader community and teach others about investing/trading for charity. Yes ... all proceeds should go into donations for those needing ...

I do know that I have struggled 6 years ... and will have another 4-5 years to go. Quitting my full-time teaching job is for me to move into that direction. To be a better trader ... and to learn new trading techniques ... instruments.

Need to prepare for my session II of my trading-workshop. I had one yesterday ... and I do have areas to improve ... Hope my new tratles could absorb what I am teaching. I heard that few of them attended some trading workshop too. Question should be ... are we still losing money AFTER attending trading workshops or are you expect to gain back your fees? it is a long journey ...

Have a nice Sunday

TEH

Saturday, October 25, 2014

Trading MIstakes



http://www.bigtrends.com/trading-education/7-common-trading-mistakes-to-avoid-for-long-term-success/?inf_contact_key=0550cc62402e4ed0a7ac4a8b44f248921b916b33a4f5e55ad835c75a9a6a0ceb

Trading Problem #1 – No Patience on Entry

Trading Problem #2 – Selling Too Soon

Trading Problem #3 – Letting Small Losses Turn in to Big Losses

Trading Problem #4 – Trading Low Probability Opportunities

Trading Problem #5 – Overtrading

Trading Problem #6 – Hesitation

Trading Problem #7 – Letting Winners Turn in to Losers

Will like to write a out these as these are my problems too. And will share with my newbies later on how to improve.

TEH

Stock Watch : DRBHcom

Morning ... what a good rebound last week and after the Deepavali off, we are expecting more retailers to be back in force to market.


So, KLCI recovering from 1767 to 1819 ... cool rebound, right? But many stocks have not back to the level before they dived. So, the party is going to start again. Do observe that KLCI is hitting resistance now and we may see some profit-taking next week.

DOW up yet another 127 points. What else? Amazon dropped 8% yesterday!

I have asked my group to SELL those stocks we bought at the dip.


BJToto : As we moved in at 3.40-3.50 level, as it rebounded sharply to RM3.70, it is a SELL to me as it is hitting 50MA resistance. And not much as upside in BJToto ... moving the funds into something better, such as DRB?


Boilermac : It hit 20MA resistance yesterday ... so, it is a sell. We bought at RM1.50 level, so RM1.68 is a good level to sell after sharp rebound.


Yinson : Hitting resistance 20MA at RM2.90. I have asked my group to take profits as we bought at RM2.50 level. I sold too. See if I could buyback if it retraces?


Yinson-cb : As the mommy is expected to rebound, I bought into the call-warrant for short punt. Bought 0.07-0.075 and sold at 0.085. That is more than 10%, but risky.

Stock-Pick : DRBHcom



DRB ... I sold at 2.28 before the ex-dividend. And I bought back yesterday as it break the RM2.06. RM2.20 resistance is taking as a target to sell next week. If one has the holding power, which I do not ... one may hold to resistance of RM2.25. DRB is less volatile ... so, it is suitable for those BUSY(and lazy) ... who want to buy into lagging good counter. It is one of the easier to trade counter where I buy when it oversold(RSI below 30) and sell when RSI reaching about 70.

Disclaimer : This is not a buy-call. I am just sharing one of my buying which I shared in my stock-watch.

If you  wish to join my stock-watch, do let me know (cpteh@yahoo.com). I do buy good stocks and at times, I do buy few speculative counters. I prefer trading, rather than gambling.

Time for breakfast ... then prepare myself for my cohort-13 workshop this afternoon! Kinda excited!!

Have a nice weekend.

TEH