12.20 pm ... lunch time soon. in daily basis, I taken RM200 profits ...(or more) since Jan. So, it is good trading month so far ... today still managed to squeeze a trade out for RM200. haha.
As I sold off most stocks in hands ...including some I have held for 1-2 months (that is considered LOOOONG for traders like me) ...taken profits in most and cutloss small those not performing to release funds ...awaiting correction.
Learning Corner : Shooting Star
let me give an example of SHOOTING STAR, a strong SELL candle stick.
This is weekly LIVE chart of JTiasa as at RM1.23 ... can see the long tail up there and dropped ... it is a SELL , not a buy. RSI showing overbought. HIGH volume showing ... sell.
That is technical analysis ...how charts could help us to make decision ...if not in position, we wait for pullback . Sound simple ...looks simple ..but it is NOT, ya. whoever told u it is, they BS as they are not a trader ...just promoters and those in FACEBOOK ads, pure BS ya.
U decide .. but good to learn this candle stick. SAY AFTER ME : Shooting STAR is a SELL. good.
Lunch ... ok, off for me. tonight e-meeting ...9.30pm. I will post the link later. lazy now ...
Topic for tonight : WHY buying stocks in 2024.
TEH
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