Sunday, May 24, 2015

The Edge #1068 : On the radar


Petronas 1Q net profit down 39%

Petronas' net profit for the quarter ended March 31,2015, dropped 39% to RM11.4 billion from RM18.8 billion in the same quarter last year on the back of lower crude oil prices. Revenue stood at RM66.2 billion during the quarter compared with RM84 billion in the previous year.
TEH : Crude oil trading at USD60 range ... and PETRONAS revenue/profit is down by whooping 39%. Ouch ... watch for the further downside for PETRONAS linked counters and KLCI have more downside risk.

PChem : I remembered I bought and caught this knife ... very nicely, below RM5. Well ... being a trader, I have sold her when it rebounded sharply (too fast for my liking). Today it is trading at RM6.20. So, who said we cannot catch a knife ... a good counter such as PChem (dived due to falling of crude oil price ... crisis investing and fear = buy applied here). Who said cant get 10-20% from the counter ... and why retailers prefer Sumatec? Yeah ... I could understand as I was from those newbie-level.

Bank Negara reserves at RM393.4bil

Bank Negara Malaysia's international reserves amounted to RM393.4 billion (USS106.2 billion) as at May 15, above the RM392.4 billion (USS105.8 billion) position as at end-April. The reserves are sufficient to finance eight months of retained imports and are 1.1 times short-term external debt.

TEH : If we are not working, no income ... we have to make sure we have saving at least 6 months of average monthly expenses. I have stopped my full-time job since last June. So ... by end of June, it will be a year I am out of college-teaching!!


Muhyiddin recommends sacking 1MDB board
Deputy Prime Minister Tan Sri Muhyiddin Yassin has called for the sacking of IMalaysia Development Bhd's (1MDB) board of directors. He made the recommendation in a closed-door meeting with Umno leaders last week ....

TEH : This is the risk ... political risk in KLSE at the moment. 1MDB stories keep popping out ... and TDM is very vocal about it. We have to understand how HUGE this could affect our MYR, our rating (might be down-graded soon) and the political un-stability ... DAP vs PAS .... Jib vs TDM and Din.

MRT2 to cost more than RM30 bil


TEH : No comment


IMDB's investments in BSI in asset form

Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah last week tried to clear the air on the redeemed investment in the Cayman Islands by 1MDB. The minister explained that the redeemed investment parked in Singapore's BSI Bank Ltd was in the form of assets and not cash.

TEH : Hmmm .... Cayman Is ... Singapore Bank ... now un-defined assets. Words being twisted by someone we SHOULD trust most ... our finance minister. We are in political RISK (avoid stock-market is a good idea too).

Press Metal suspends Samalaju operations

Press Metal Bhd has temporarily suspended operations at its Samalaju smelting plant in Sarawak for safety reasons following a fire on May 17,

 
TEH : Yes ... PMetal was my good trade when I bought around 2.80 level and sold. I bought PMetal-wc too ... after it rebounded. Sold off .... and now due to another bad news : Fire. I do not like playing with fire ... so, RM2.80 is not a buy for me ... and perhaps if it could dive lower ... to RM2.30 level to consider.
PM tables 11th Malaysia Plan
Prime Minister Datuk Seri Najib Razak tabled the 11th Malaysia Plan in Parliament on Thursday. The plan constitutes the last lap before 2020, the year when Malaysia aspires to join the ranks of high-income nations with a gross national income per capita of more than US$15,000 (RM54,000). In the run-up to 2020, the government plans to spend RM260 billion on development projects, up from RM230 billion in 10MP.
TEH : This is the most important event of the week .... but the mood spoilt by 1MDB-crisis. High-income country is a joke, please don't take them seriously. RM54k is not high ... not for someone staying in KL, with a non-working wife and two young kids (like me la).  Do the math.
 
 
http://www.micci.com/page20/page20.html

Closing the gap? The rich is becoming richer ... the poor is poorer(GST affecting them most) ... while the middle-class working adults like me is being squeezed.



Sime Darby's plunges
Sime Darby Bhd's net profit fell 55% to RM386.04 million in 3QFY2015 from RM852.53 million a year ago on lower contribution from its plantation, industrial and automotive divisions.

TEH : With another giant showing bad-reports on profit, be prepare for more downside in KLCI.

ISIS planning kidnapping, bank heists
Islamic State in Iraq and Syria operatives in Malaysia are now planning ransom kidnappings and bank heists in a bid to fund their militant activities, Malaysian police said on Wednesday. Local militants recruited by the Islamic group are targeting business centres and government offices in Putrajaya
TEH : ISIS presence in Malaysia ... this is another piece of bad-news for Najib's admin. No joke, this is a serious threat to our peace. Katak is just blah-ing and not a threat ... ISIS is.
Ok ... spent an hour or so for this post ... while having dinner(alone).
Public talk : Well, I do have 5 ''outsiders'' came for my talk yesterday ... and few of my own trading-members. Yes, most of them appreciate my sharing. One of them (sound experienced to me) got to know me thru i3 (so, I shown him inside my trading group ... the stocks I bought/sold and to prove to him, I m a trader ... and then, I asked him to go to i3-forum ... tell them to come to my free-talk to know me. haha) and he said he will be joining me! Great.
Anyway, many who are not staying around asked if I will be having another talk in Ipoh, Penang .... and Sabah! I will ... I will. I am going down to meet readers and traders-alike.
Tonight, I will have a repeat of what I shared(summerised) yesterday ... through e-meeting. Those interested to come click here : https://www.facebook.com/tratles . Meeting will start at 9pm.
Time to go home ... rest and prepare for the meeting.
TEH
 

Saturday, May 23, 2015

Public Talk : Contents


Today (2pm) ... I am organizing a public-talk. It is free ... but the response is not good. So, sitting here preparing for the talk, I wonder why ...

Point 1 : I am an unknown trader.

Point 2 : The content. Got sure win tips ar?

Point 3 : So far ... you think I am free meh?

Point 4 : No free makan ar?

There are many reasons why my public-talk is not attracting any crowd. Knowing that stock-market consist of 80% who do not wish to learn ... it is very difficult to share knowledge (even for free) as that is not what the masses want. They want tips, sure-win tips.

Then, why am I having a public-talk for?

Personally, I like going for public-talk ... mostly organized by IBs.  And I always learn something from those talks ... whenever I m free, I will attend those public-talk. It increases my knowledge.

So ... I thought by giving a free public-talk, in a smaller crowd ... I could share trading ideas with readers and some of those experienced traders ... giving pointers in a closed place. Yes, I could learn from them too!!


Contents : How do we deal with our EMOTIONS? I will be more of sharing my experiences ... how I struggled at early stage ... then how slowly I have accepted the game-of-stocks. Controlling our emotion is always a very important part in trading.

For example : Catching a knife .... say in AirAsia now.


Besides the charts ... there are emotions involved. Should I cut-loss? Should I average down? Or should I buy now?

That is what I want to share about today.

Maybe my topic is not catchy enough : EMOTION?

Well ... need to crack my head and come-out with a better topic then.

Note to myself : It is not what you want to talk about but what others want to hear.

contact me at : 012 - 821 0129 for details.

TEH

Friday, May 22, 2015

Public Talk #3 : Emotion


http://www.tratles.net/2015/05/22/public-talk-3-emotion/

Tmr will be my #3 public talk ... also a reason why I am attending the ToastMaster Club, to learn how to give a good talk. Practice makes perfect, they said.

Anyway, I have 6-8 stated their interest to come (please contact me again for the details and confirmation you are coming tmr. Thanks)

As I have limited space(only can seat 15 at most), hope to fill in empty spaces.

The talk tmr will be about EMOTION.

Yesterday KLCI dived ... due to 11MP? Hmm ... that really no give face to Najib (as Ah Din's video went viral).


http://cpteh.blogspot.com/2015/05/klci-below-200ma.html

So ... the Monday e-meeting could help many of my members to know that KLCI rebounded NOT sustainable (Sold MISC RM8.49, Sold Axiata RM6.75, Sold Sold Tenaga at RM14.30, Sold IOICorp at 4.35) ... that is my M.A.T.I list which I bought hugely inside them during recent correction. Sold Airport yesterday too ... sold CMSB ... sold Inari ... sold FGV (huge losses here) ... Sold MBSB (at 1.95 resistance) ... Sold Scable( yesterday 1.46, bought 1.34 average the day before) ... Sold Homeriz ... Sold ... sell sell ...

I bought many during the sales ... 12th-13th May. This month is a good month, with for few small losses. The score ... have not updated ... should be around 25 - 10, I think.

Time to rest ... keep the cash as for now. The upside is not worth the risk. So, keep the profits and WAIT for that day ... the sell-down. It will come ...

cohort-18 : Planning on 6th and 7th June next month. This might be an interesting one IF market is to DIVE before my trading  workshop!! Adding few new items I learnt, cutting less the stories. haha.

Stock-watch : This is to track on my trades ... good or bad. May is over soon, so join me in June for a month trial. I do have e-meeting on Monday night(weekly without miss) to explain and update the members ... and once in a while, I will have free e-meeting for members ... especially for those wish to learn. Yes ... I added the learning-elements in my Stock-Watch, which previously not. Also, with www.tratles.net having new face, members could check the updates there as I m keeping some of the trades done(for learning purposes).

Learn to trade well ... and we could sustain in market. Increase our knowledge, less talk non-sense ... we could be better traders.

I am 6 yrs in KLSE now ... 2 yrs in FKLI/FCPO.

Let's share our EMOTIONAL experiences in my talk tmr!!




TEH

Wednesday, May 20, 2015

KLCI below 200MA



KLCI dived ... below 200MA, again. Here we go again ... only last night I told during e-meeting the current rebound is not sustainable ... and telling to watch 1837 resistance level to SELL.

Tried to sell Airport for profit, ex-div today ... but it was not liquid. Sold part in the morning ... still have some.

Many sold MISC at 8.50 level, I was too slow ... it gapped down during closing to RM8.36.

If KLCI dive below 1800 level, will be glad to wait ... but DOW at new high!!

Few breakout to new high today : Homeriz broken 1.25 and ECS above RM1.73.

e-meeting : To promote my public-talk (this Saturday ... 5 contacted me so far, don't know if they are for real to come) ... I will have an e-meeting for all on Thu night, 9.30pm.

https://www.facebook.com/tratles

Night

TEH


Monday, May 18, 2015

M.A.T.I to be maintained?




Airport : Resistance at RM6.60, selling tmr.

After I sold Axiata, I went for Airport ... it formed a hammer!! Yes, maintaining my M.A.T.I ... and grabbed Inari last week to replace my IOICorp.


Inari : Hitting resistance today. We bought last week ... see if it could breakout of 1.52 level. Good momentum play. But, if fail to break into new high, take profit.


Tenaga : I was queuing to sell RM4.18 (ex-div today) and it taken at Rm4.30. Thanks ... this is another no-brainer buying at RM3.70-RM3.80.

Now ... to maintain my MATI list, I need to replace Tenaga with another "T" counter ... perhaps, T for Teh Tarik? T = THOR ... yes, I just watched THOR (I & II)

As for my D.S.A.I list ... the D = Dialog not materialized as I missed it two weeks ago. Once the good results out, it gapped up and I won't chase.

Will discuss about Jesse Livermore's (page 106) tonight with my trading members in our weekly e-meeting. If you missed my morning posting, here is the link

http://cpteh.blogspot.com/2015/05/jesse-livermore.html

I will want to write more about it after the meeting ... but do go to www.tratles.net.

click like :  https://www.facebook.com/tratles

Time to rest ... off

TEH


Sell the losers


Jesse Livermore. How to Trade in Stocks.

Jesse Livermore : page 106

The one thing I learned in my many years of playing the stock market is that there are always opportunities in the market, so to remain with your cash in a stand-by position meant that your money, your inventory, was inactive now but this could yield huge benefits in the future, when it was finally committed to that "special situation." Just as it is true that many people will sell their good stocks and keep their losers it is true that they will also keep the stocks that are flat, not doing anything, or going anywhere.

Please beware that this does not mean a stock will not have a normal correction or a normal consolidation in an upward trend...what we are talking about here is a stock that is just wallowing in a trading channel making no progress in either direction is the stock being accumulated or is it being distributed. If it is not clear then it is sometimes best to exit the stock than to take a chance that it is being distributed and will eventually go down and cost you money. Give the stock a little time to show itself in these situations, but waste no time in .wooing out an inconclusive stock and moving on to another trading situation.

"I have often sold a stock that has moved a point or two in my favor, but I simply do not like the weak or limp manner in which the stock is acting. It does not matter to me if I am even, or a have a small profit or a small loss—the facts remain—the stock did not do what I had analyzed and believed that it would do—so the conclusion is always simple to me—my judgment was wrong and I must exit the trade. One thing I know for sure is that my judgment has been wrong in the past and it would be wrong again in the future. The DANGER is in not recognizing it and getting out. The wise are right—pride often does come before a fall.

TEH :I will slowly share Jesse Livermore's writing as I have been trading according to his way ... he was the BEST trader in the world. But, I noticed I have against few of the rules ... and that is when I lose money. I will discuss this during tonight's e-meeting (9.30pm to 9.45pm)

The e-meeting is only for members.

Will write more on it at www.tratles.net

TEH

Saturday, May 16, 2015

Trading : Manage Emotions




 
This is a good clip to share. Listen to it carefully.
 
I will enjoy to talk about this topic : Manage Emotions
 
Public Talk : 23th MAY (next Saturday)
 
Venue : Subang Jaya
 
Fees : Free
 
Limited seats
 
contact : cpteh@yahoo.com or 012-821 0129
 
I will share some of my experiences and how we could learn how to control our emotion.
 
Quote : Trading is an art, not science.
 
See you all next week and have a nice weekend.
 
TEH


Friday, May 15, 2015

Stock Watch : Axiata



Axiata : Bought at support RM6.60 level and sold yesterday at RM6.75-RM6.77, to release the funds for something else.

So ... when such blue-chips in sales, we buy in huge portion, right?

Done with IOICorp ... and Axiata. I do still have MISC and Tenaga.

Had a nice e-meeting last night ...

Time to rest ...

TEH