to be able to do ANYTHING WELL ... we need FOCUS ... work hard on ONE THING. FOCUS on the things we want to do WELL and the results would ...eventually shown.
I WANT TO BE A GOOD TRADER.
I mean it!!
Profits are by-products, musang-king or durians are the motivation.
It is the SYSTEM ..how to trade well. EXECUTE and DISCIPLINE.
To have such ... I need to FOCUS on my SYSTEM. WORK and STUDY charts etc ... and then discipline enough to FOCUS.
Example : FOCUS only to trader UPTREND. FORGET about OTHERS or the FUNDAMENTALS... JUST PUT ALL FOCUS on UPTREND ... new high and BREAKOUTS.
here is ONE (of the many) good example : CIMB
It is OBVIOUS CIMB on the strong uptrend ... weekly chart for 3 years above shown that and without ANY indicators needed ...all we need is RECOGNISE it is UPTREND ... DON'T argue with charts and do not talk too much about news or fundamentals (BNM whipped their butt recently, as a punishment ... no rasa la).
Next ... PUT IN THE LIST. CREATE A LIST ... all UPTREND stocks that we want to trade. DELETE those no longer uptrending ... and STOP talking about your GENTING or ASTRO or AIRASIA ... like u are in love with those names.
CIMB on UPTREND ... stop talking about Najib's bro was the previous boss or all your keh-poh news ... TRADE WHAT YOU SEE. STOP TALKING ...
those SIFUs always talk talk ..one popular guy always talk talk {FB live) about PE and NTA ... I have NOTHING against fundamental analysis or against him , he got thousands of CHINESE followers ... and they are not dumb, ok?
But they would not able to capitalise on the current UPTREND as they TALK and follow such PE-NTA sifu in bull-markets ... those PE or over-valued are for INVESTORS ... investors ONLY buy during market crash ... KLCI above 1600 is CRASH meh?
THINK ... stay focus on UPTREND BREAKOUT charts, ok?
REDUCE NOISES.
Join me in my trading group. GOOD LUCK.
TEH
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