Saturday, February 06, 2016

My trades 2016 : Good and Bad

It is Saturday noon ... 2 days to CNY 2016. Finally ... all classes taking a pause. I will be 'free' for a week!! It is a once-a-year occasion ... for Chinese to celebrate the 'ang' day.

I have not prepared for it!! Didn't buy the deco or flowers to decorate the home ... just a 'fook' which I grabbed from Penang's Kek-Lok-Si ... not expecting many to visit me (all welcomed, contact me ... come visit and chat about stock-markets! haha). Didn't even buy drinks or biscuits as a tuition student's parents gave me a huge hamper.

Let me try to recall few of my trades so far ... in 2016 (there are too many ... we discuss the very bad and very good ones)

It has been a bad Jan ... and good Feb so far. Haha ... In Jan, my bad trades were in EG and FLBhd where I have to cut-loss in both. Well, traded both when they were uptrend and profited. But ... once the trend changed, we have to exit ... just that I exited too slow. A good lesson to learn (these are two stocks I picked to trade ... following KYY's pick).

The BAD : EG and FLBhd

EG : It dived so sharp ... that getting out asap is not really easy ... so, when I rebounded ... I was still in profit position but did not take. It dived again and finally ... when the support broken ... I have to bite the bullets ... and let the pain go. It is a good lesson to learn how to exit ASAP when trend changed. It is a very very important in trading ... as we might get stuck(I have many of times being trapped) and we have cut-loss ... hugely, eventually.

FLBhd : The gap closed ... RM2.55 support broken ... exit. cut-loss. out-out-sell-sell ... that is what I told all in the group. Whether take profit or cut-loss ... the uptrend is over. Nah ... I will never blame on others for my losses or mistakes. It was my choice to trade on these stocks, tho I know it is pushed up for operators to distribute to retailers. It is playing on low 'oil-price' and strong USD(read weak MYR) ... and once the slightly rebound in oil(haha ... oil dived to USD28 and rebounded to USD33 in a week!!). Technically RM2.40 becoming a resistance ... it has run way to fast up ... now, diving will be faster as some retailers might be forced to cut-loss (margin call?) or when the pain of losing is ... unbearable.

Note : Glove-sectors such as TopGlove and Kossan is diving down too ... Karex and such.

The GOOD : O&G and Telcos

Perisai : Bought at 24.5 average, and managed to sell all at 28-28.5cents (resistance) in 3 days ... due to oil rebounded from USD28 to above USD32. Then, it retraced and the next day I have to take profit in Alam, SKPetrol and Armada. As Perisai was the first O&G counter I bought immediate I saw the oil-price rebounded, the profit is the best. The next day ... many oil-counters rebounded ... I grabbed Alam and SKPetrol. Then ... was late in Armada as I bought only after it went above RM1 and sold for small profits. Anyway ... it was a good experience to trade oil-counters when oil-price. rebounds. Missed Dayang at RM1 ... it went up to hit RM1.15(I think).

Maxis : Talk all you want about spectrum ... where they might need to donate RM1bil plus to gov. Paint all the bad news ... so that it dives further down to create that 'panic selling'. The RSI was at 12 ... ridiculous level ... so, I buy hugely in the midst of bad-news ... noises everywhere about how that PM's announcement will affect the telcos sector. Take it ... and sell RM6.15 resistance. SELL at resistance and once breakout of RM6.20 ... then if it goes back to RM6.60 level .... as the noises subside ... no one will tell you about the spectrum. The Star or The Edge will tell you that this is a dividend stock, defensive play for 2016 etc etc .... soothing to investors hearing.

PLAY ON BAD NEWS on GOOD COUNTERS. That is my policy in catching knives. Use technical rebound (learn it as market going to dive like crazy ... and it will be very volatile).

I am out of O&G and Telcos ... Telcos is out for me, now need to check on Plantation as CPO above 2500 now. I will still aim on O&G counters as it is the play of the 2016 year.

Oh yes ... I still have half BIMB , which is another good trade. Bought at RM3.25 level, sell all at RM3.70 resistance level, if possible.

Kossan : Should I catch Kossan next week ... releasing my BIMB?

e-mail : I do have few e-mails requesting to join my trading group. Great ... will reply later and hope they will join. e-mail me at

Time to rest ... go jalan-jalan at night and CNY mood start

Happy CNY to all readers.


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