Breakout : E & O

 https://cpteh23.blogspot.com/2024/03/stock-watch-e.html

E&O as at 10am here ... breaking out. 

TEH

Stock Watch : E&O

 morning ... working by 7am ... classes till 9.30pm. Yeah ... I do work loooong hours. At times, it is very tiring but I m not complaining as I m doing something I love doing ... teaching and trading. 

Property sector in PLAY : trade these up. 

E&O : as one of the many property stocks that recovered so so well ... few folds from bottom. Was hanging around 30-40cents ... now going above RM1. That is how stock-market works ... can go against you during crashing lower ... or up so much during the THEME play ...the current play. buy on pullback ...

2023-2024 : PROPERTY THEME play. 

so, have we missed the whole theme play and trend, what should we be doing? 

Trade it up!! Buy and hold till the trend is OVER ... one day, eventually it would be over if the earnings could not sustain the valuations. 

Time to read ... good luck in your trading. I have exited and sold Simeprop. 

TEH

Simeprop : good breakout trade

 6.20pm ... overslept. took a nap after whole morning went to nurseries and had lunch at Citta Mall. Came back ...collapsed. Too hot out there ... so, I took a nap!

Simeprop : I took at breakout of 81 cents, sold yesterday at around 87 and it went higher. RM600 taken , could be more as it closed higher!! Arghh ... never mind. I am also content with my targets ... and been doing that consistently since JAN ... so, very good trade indeed as normally I aimed for RM200 profits per trade. 

So ... how do we profits EVERYDAY ...RM200?

Not really possible for ALL trades to be done well ... if hit our RM200, get out. The touch-n-go ... and manage the position size and move on to the next if our trades NOT working. 

That a few trades ... and at times, due to 15 yrs of experiences in trading, I could catch good trades in short period of time. And the control of the flow ... emotion and following trading plans ..the stock picks, simply good. And I guess it is all HARD WORK done ...

GREED and FEAR always in play ...recognize that when we are doing well, we tend to be GREEDY ...so, I m very consistent with the position size, no need to chase and buy larger as that shows GREED in us and we could get ourselves overly excited when the profits is larger and wanted to get MORE involved in the next trades and think we are GOOD IN TRADING ... get what I mean? been there ...done that. I have done almost every mistakes ALL traders would do ... 

Stay humble ...stay consistent and let the FLOW be natural ... don't force a trade!! 

Many of things are EASIER SAID THAN DONE in trading ... so, we need to matter more into our psychological aspects in trading ... are we in GREED? in FEAR? in HOPE level ... 

Well ... once u get what I mean by such, u would slowly be a good trader!! Good luck. The journey is ...very very long ... 15 years so far for me ... no joke, DAILY checking charts and search for the NEXT TRADE ....

TEH

e-meeting : Q & A on trading

 Trading : Is it possible to profit everyday?

click on the link below.

9.30pm : https://us02web.zoom.us/j/89171458504?pwd=Y2cvNWc0UWdLV01tU3ArUnlnRnZ5UT09

TEH

e-meeting 10pm : Trading and P/L

Q n A session : About trading and profit/loss

time : 10pm to 10.30pm

click the link below

 https://us02web.zoom.us/j/83314131367?pwd=Y0hRQ2crVnkwc0x0NXRoelB0VWlnQT09

TEH

BTC : sold at 73k ..waiting ...

 Noon ... done my RM200 trade (FKLI), done a tuition online class as Tue is off day ... going to hv nice Sabah-ngui-chap later ... and register my PADU (apa tu?) 

BTC : entry was 16k, managed to wait till 60k (halving, etfs etc good news out, hype there ... so, sell to them) ... and waited till 73k level to sell off my positions. 80% or so of my positions ... and waiting to buyback ... it would drop together with nasdaq pullback this coming weeks. I dont know ...

good luck for those still waiting as the target now is USD100k ot above 

TEH

Oversold : AAPL (Apple Inc)

 8 am ... morning ... drizzling outside ... so, good excuse to sleep a little more and without my two girls to disturb ... lying flat la. 

The Magnificent 7 now is turning to Fantastic 4 ... narrowed to 3 .. perhaps one, NVidia. With SMIC and ARM ... and such going vertically up, we are building a bubble ...

But I am a contrarian ... so, I check APPLE. 

AAPL : losing their grounds in CHINA ...sales down there. APPLE is an US brand ... as US attacked HuaWei (China's brand) ... it is retaliation , showing we are in tech-war ... RSI below 30, oversold, nearing to support. Will q at USD166 ... 

Time to check on KLSE as we are still hanging around 1530-1540 level, rebounded from 1520 support. 

note : I just shorted 1511 the other day, in paperloss of RM325 as of writing. Trade at own risk, as they said ... as markets going wild and very volatile. 

staying in cash ... as waiting for KLSE to dive ...

TEH

Trader's personality

 

Interesting chart ... the higher the cognitive ability, we tend to be more pessimist. 

TEH

Short clip : KLCI bearish

 9.45am ... as I have sold most of my stocks some 1-2 weeks ago, it was nice to see KLCI dived 20 points yesterday as I covered two shorts of FKLI at 1510 (average, took 1541). 

Then KLCI rebounded sharply from yesterday's morning  low ... to form a HAMMER.

KLCI weekly chart.

Here is a short clip on KLCI. Click like-subscribe ya. Kinda lazy to do clips leh ... lack of motivation. haha.

https://youtu.be/wXUZj0iICNE?si=vDb7xoYYf7YbbhFp

ok, time to go shopping mall, jalan jalan 

TEH

When to buy stocks?

 1.40pm .... MAXIMUM PESSIMISM 

Read that again. 

Then ... go opposite ..against the majority. They are in GREED, sell ... they are fearful, BUY.

TEH

US at new high ... how about KLSE?

 morning ...9 am ... wife and girl not around, only me and my boy. I do have classes on tho college is off, actually. 

KLCI down 13 points yesterday in 1st da of MAC, guess due to the disgusted 8% SST ... and now is the tax-month ... with PMX really wants to collect more money (desperate kinda) ... KLCI shaken, due to profit takings. I have two shorts of FKLI around 1541 level. Will cover 1520 level and to short back 1560. EPF going to announce interest this Sunday ... perhaps 6%. I m going to beat that with my china-stocks ... as I took my EPF to buy in HSI-china stocks!! haha. 

GREED still in play as US markets hitting another new fresh high ...congrats to those holding to FEW stocks which pulled the whole markets up, NVIDIA is the hottest and the leader ... holding to some SQQQ to short SP500 and in small paper loss (USD31.20, to be exact) as I bought some only ... will add in as I see US in two situations 

1. VERTICALLY up without much pullback ...EUPHORIA straight

2. PULLBACK ... then continue to new high 

this would be MAC-APR ... with GREED in play, going into extreme level. 

SP500 : new high , above 1530 now!!

Be CAUTIOUS. 

I have sold almost all my stocks (except collecting gloves now and china-stocks)

Construction Index weekly : Pullback now , wait further pullback if interested to ride the trend. If in uptrend positions, hold it up. 

Property Index weekly : haha ... nice art by me. Just be creative, they said. haha. 

Property and Constructions have been having parties ... especially YTL and also those Johore-theme play. We shall watch how it ends ...

Sunway weekly : reversal candle spotted. Alert. 

time to do my gardening and reading. later ... if still got mood to write ...

TEH