Shiro's KLSE Trading

Back to TP Friday

2012-01-12T09:53:00.000-08:00

Friday is usually a TP day. Dow Jones is flat again.. Well, I guess is still okay. Probably will drop abit later.

Stock to watch:

DIALOG: Gaped down, pushed up back to unchanged. Hopefully it will be a rally signal.

REDTONE: Doji formed. I would sell it now if I have it.

RSAWIT: I'm still holding this. I am wondering should I sell it right now. Seems like it's not moving. Perhaps I should take the profit when it touched 0.97.. I am too optimistic.

SMARTAG: Great troll here. Pushed all the way back to 0.245. Many people got trapped here. Hopefully there will be a rebound.

INGENS: Pretty good rally now. Buy at 0.085, TP 0.095 and 0.11.

NEXTNAT: Seems like a good deal here too. What's up with these ACE market stocks.? Buy at 0.145, TP 0.16

VERSATL: TP 0.58, 0.63

SANICHI: DOwntrend. Avoid.

CIMB: Break 7.43, meet at 7.57 and 7.8

MAS: TP 1.67, 1.79

MALTON: Doji formed, please, a reversal :)

Other stock to watch: CNOUHUA, BURSA, PCHEM, DRBHCOM

Flat Thursday

2012-01-11T11:13:00.000-08:00

Dow Jones is currently down 30 points. I believe it will retrace abit, but market is still bullish.

Long story short, here's my stock to watch:

MBSB: Down 2 cents to 2.00 today. Still bullish, unless it starts to hit 1.98 and below.

BIMB: Looks bearish despite uptrend Game over if it hits 1.93 and below

TAKASO: Looks like it wanna go up but pushed down heavily. Need to break 0.28 to confirm bullish.

IRCB: Rubber stocks go up today, probably this is the only stock that lagging behind. Can consider if breaks 0.18. TP 0.2 , 0.215

MAS : Up or down. I don't know. Very hard to see. It has become a high risk stock.

PCHEM: Bullish breakout. Next tp can be 6.62.

Other stock to watch out: AMEDIA, SMARTAG, REDTONE

Bullish Wednesday

2012-01-10T10:19:00.000-08:00

It's been quite some time for me to blog about this. Yeah, I am kinda busy with my work, but today, I found out that there are some stocks are worth to be discussed.

Dow Jones is currently bullish. I expect KLCI is going to do the same too later.

Anyway, here's the stock I am currently monitoring

BIMB: Closed at 1.99 today. Volume is good, and worth a punt. Minor resistance at 2.01 and 2.04. if that breaks, the real resistance awaits at 2.08. If you buy now, I think it's still a good buy. Cut loss at 1.9 and below. RSI : 63, up, MACD signal kissing, undetermined.

MBSB: Closed at 2.02 today. Volume is good, and very likely will go upward. MACD shows buy, RSI is going to touch 70%, buy signal. Everything is good here. Next tp would be 2.17.

IGB: Closed at 2.56, but still up 2 cents. MACD shows it is retracing, momentum falls and RSI is flat at 63%. It still has volume on this stock, I would wait for clearer signal. TP 2.77

KHSB: Closed at 0.485 today.down 2 cents. It spiked up yesterday due to privatization rumour and it's on the news. It's a speculation stock. Worth punting, I don't know. I am not good on this stock.

JCY: Rebounded to 1.17, up 6 cents. Pretty amazing, I would say. Formed a new support at 1.04, so if this breaks, its's going to be a big waterfall. RSI at oversold region and MACD shows red. Retracing likely to happen on these few days.

DIALOG: Gaped up today, down to 2.43,down 3 cents.Pretty normal. RSI shows bearish, MACD shows bearish too. Only for day trading or wait for clearer signal.

REDTONE: Gaped up by 1 cent today, and closed 2 cents up. Pretty good momentum here and volume is huge. Candlestick has break Bollinger Band rules, RSI oversold region. A high risk to enter now. TP 0.37.

TIME: 0.345 closed. up 4.5 cents. If gap up tomorrow, sell. Else hold.

Other stocks to watch. PROTON, VERSATL, BJTOTO, WIJAYA.

Indecisive Thursday

2012-01-04T09:53:00.000-08:00

KLCI from +10 to -9. What a turnaround. Well, the market cannot always go up, I believe this is just a market correction.

DOW Jones is currently flat between 0 and -50 pts. But KLCI might not follow Euro market for the moment as we have a greater concern in our own country.

It's Anwar Ibrahim's verdict on this coming Monday. Is it a big noise? I wonder. But foreign investor might pull their funds out..

Anyway, the stocks..

MALTON: Finally it has some action. Reached a high 71 cents but closed at 69 cents. It will be played soon. Need to break 74 cents to reach 0.825

RSAWIT: Gaped up from 0.975 cents to 0.945 cents. That's a 3 cents swing. Volume is decreasing abit, but I think it is okay for the time being. TP 1.04

MBSB: Gaped up, sold down too. Open 1.96 close 4 cents lower to 1.92. 1.90 is the support level, if break it will turn bearish.

UEMLAND: Waterfall. Will not enter for now.

CEPAT: Gaped up, closed at 1.59. Chart is broken for me, so I will skip this.

HWGB: Any news on Tin? I wonder. Stock of the day. Closed at 0.42 and it is going to test 0.44 (200-MA resistance). It's a huge test.

Other stock to watch: YTLPOWER

Good day Wednesday

2012-01-03T10:17:00.000-08:00

Dow jones currently up 1.5%. KLCI is likely continue its bullish rally. Market sentiment is quite good these few days, probably you can buy high sell higher at this time of period.

Oil price went up $110 USD. Hmm.. time for oil play?

HIBISCS, MAS, IGB went bull. Congrats for those who has em.

XDL suddenly went bullish. It's a China stock, which means, CNOUHUA went up too. There are some stocks that are related.

Anyway, my stock to watch.

RSAWIT: I am still holding it. Target is 1.04. If volume is bigger than yesterday's it is likely to break 1.04 resistance.

CNOUHUA: Potentially a 1 day wonder. TP 29 cents is possible if volume continues tomorrow.

IGB: Went up too high for me. I will take profit if I have it.

PERISAI: Similiar like IGB, I will take profit if I have it.

MAS: Went up like this, there will be a second round. Testing 1.54 support ant 200d Moving average.

REDTONE: Went up half cent. Low volume, doji, the end? If breaks 0.295, see you at 0.33.

BIMB: Retracing...

MAHSING: Stay away 1st.

Other stock need to be watched: CEPAT.

Goodluck

Drowsy Tuesday

2012-01-02T12:03:00.000-08:00

Hmm Dow Jones went down.. KLCI went too high up, and the window dressing was really ridiculous. The blue chips stocks for the last 15 minutes were being monopolized by the fund manager. I mean, it went up 20 points suddenly.

Based on the observation, I would expect to see a big selldown tomorrow.

While the non blue chips are kinda unaffected, but hopefully it wont jump down together with KLCI.

Anyway, the stocks:

RSAWIT: Went up to 0.925. Peak is 0.945, a very strong resistance. But with the good volume coming up, hopefully it will breakout from it. TP is 1.04

MALTON: Dividen of 2 cents. That is why it is adjusted to 0.655 as support. But the volume is still a big disappointing. Just beware of the support. If breaks, game over.

OLDTOWN: Breakout.on Thursday and corrected to 1.20 on Friday. Volume is low, so I expect it will go back down.

JCY: Simply amazing, too bad, I don't have a big heart to join in the fun.

KNM: Buy at 1.06 if opens below 1.04. Tp at 1.14

Other stock to watch: IGB, MBFHLDG, REDTONE

Bearish Wednesday

2011-12-28T10:55:00.000-08:00

Dow Jones is currently down 1%.. Unless there's a dressing in KLCI, expect to see bearish stocks.

Asia markets are currently depending on Western markets due to Euro Crisis. Despite positive news from it, dow jones is still down. Probably a market correction.

Anyway, here's my stock to watch

KNM: Up 5 cents today. Probably another rally for few days, if opens below 0.97, buy at 0.98. Cut loss at 0.85

JCY: Remember that I said JCY is going down. I am wrong. So we learn something here. Market is always right. Bearish divergence is just a guide or alarm, but as long as it is still bullish, the divergence doesn't exists. I will not go in for this stock anymore.

EMICO: Watch out for 0.305 breakout.

PROTON: Touch 4.95 today and dropped back to 4.89. With the volume like this, it will breach 5 anytime soon.

EAH: Bull trap. Nuff said.

BIMB: Starting to retrace. No volume. Will go down back to 1.9x

MALTON: Currently oversold. Somebody enlighten me, what's going on. Suddenly it was adjusted to 0.67 so I am not sure what's going on here.

RSAWIT: Come on, break the 0.905 to confirm a bullish trend.

UEMLAND: Starting to retrace. Beware.

Others: BKOON, CEPAT, AIRASIA, WIJAYA

Mistake after Mistake

2011-12-27T11:28:00.000-08:00

When you trade, you must have a system. Again, because of greed, I broke my system and now I am in losses, again. For the time being, I do contra.

So, what happened?
I did a contra on Proton call warrant. I made 100 plus, I should called it a day. However, due to my greed, I opted to go in again and selling down begun.

In a blink of eye, I made losses 3 times more. I guess which is why most people are on losses rather than earning. If you earn, you are some sort of 10% of earning traders. The rest, loss, that includes me.

And oh, I took a break, so which is why I didn't update here.

Anyway, DAX and Dow Jones are flat. Do you think Christmas rally exists this year? I am wondering too..

Here's my watchlist.

EAH - Many people accumulating, this stock at today's peak @ 0.34. I think it will going to goreng soon. Will watch this.

E&O - Barrel went up $ 100 USD above, probably this is the reason why it shoots up. Volume is good and gapped up, expect to see more from this stock. Enter at 1.48 short term TP 1.56, cut loss 1.36.

PROTON - If trends continue, it should gap up tomorrow. 4.93 is the resistance, perhaps we should wait for it. If breaks, enter at 4.95. TP 5.47. Cut loss 4.42 and below.

BIMB: Astonishing. Formed a spinning top. Indecisive. Low volume, very low. Need more volume to push this up. I am predicting it will go sideways soon.

RSAWIT: Up a cent today. Hopefully it will do well in next few days.

MALTON: Unchanged. Low volume. Will cut loss if reaches below 0.675..

SOme other stocks worth looking

YTLPOWER, KNM, IRCB, BKOON

Wednesday Up

2011-12-13T11:41:00.000-08:00

Dow jones is currently up 0.64%. A weak rebound, I guess it's better than nothing.

Today is the warrant day. Most of the warrants went up like crazy. As long as there are good call warrants around, they just... goreng.. them..

Most of the Finance stocks went up. Main reason, I don't know, but it has a trend there.

From MBSB to BIMB then AFG and AFFIN. MBF Holdings up a little. Weird.

My stock to watch.

BIMB: Pretty bad chart. Probably another goreng session. Need to wait for more candlesticks.

MBSB: Now this is a good chart. Opens below 1.82, if breaks, can buy at 1.84. Cut loss at 1.74. I would buy its call warrant too..

AFFIN: Need to break 2.97 to rally.

BERNAS: 3.16, 3.21 resistances. I will wait for more confirmations.

EMICO: 0.28 support. If breaks, bearish, after 0.315, bullish.

DIALOG: Watch out for 2.47

WIJAYA: Doji formed, watch out for reversal. Can buy if 0.725 breaks tomorrow.

MALTON: Doji formed too. Hopefully a breakout, coz i have this.. haha..

Laterz.

Market seems bad

2011-12-12T10:09:00.000-08:00

Dow Jones is currently down, close to 2%. Probably everyone is expecting it, silly me, I had made a mistake today.

Gap Up. My 2 stocks gapped up @ 9.00 am today. MALTON opens 2.5 cents upper, RSAWIT opens 2 cents upper. What was on my mind during that time?

Eventhough they gapped up, I am still at losses. Again, I broke the rules and I lost this opportunity to clear both my stocks before they went down as I am 'praying' them to go up. I was totally wrong. Indeed, they went back down by half cent respectively at the end of closing.

What I have done? I should sell them at losses as they were very likely to go south so I could bought back later. If I had done that, I would minimize my losses. Furthermore, when I did that, the broker rate would be counted as intraday trading, which is 0.15 instead of 0.42.

Learn from mistake. Don't do this again :(

Anyway, my stock to watch for tomorrow.

BERNAS: Buy at 3.18 if opens below 3.16.

RSAWIT: MACD shows red, likely bad sign :( Cutting loss at 0.83

SYF: Not a good sign. But if breaks 75 cents, can buy at 0.76

WIJAYA: Downtrend. Bears arrived early.

EMICO: Buy at 0.35 if opens below 0.34

DATAPRP: Buy at 0.36 if opens below 0.35

KURASIA: Gapped up by 0.15. Doji and likely reversal will happen later.

SANICHI: Gapped down today. What's up? Bad news? If 0.175 breaks, next support will be at 0.15 via FBB. Entering it now is a purely punting. Trade with care.

PROTON & DRBHCOM : Drb is taking over Proton, around RM 6 or RM 7 per share. Worth to watch tomorrow.

Awkward Friday

2011-12-08T09:43:00.001-08:00

Seems like a bearish week. Dow Jones is currently down 135 points.

Damn, I need to clear some of my stocks. Really. I guess it's too much for a bearish week.

My stock to watch later.

DRBHICOM: Went up despite market bearish. Up 6 cents, highest 2.27.. TP 2.35

JCY: The divergence is too high. Better stay out of it.

MALTON: Looking bad here. Cut loss at 0.685

REDTONE: Just can't break 0.285 for the 3rd time. I think I will pass this stock for now.

SYF: Buy at 0.745 if opens below 0.735

WIJAYA: The rally is ended I think, TP now is the best bet if I have it.

Nothing much to talk about now, market is crashing.

Flat Thursday, again.

2011-12-07T10:48:00.001-08:00

Dow Jones is recovering from negative points to +20. It's still flat, uncertain yet. It has been bullish for days and I think it's normal for having such situation now. Furthermore, the damn Euro crisis is not over yet.

Hmm, as for KLSE, what has happened today. Proton dropped termendously due to false take over news. same goes to DrbHicom, because they are related. Pavilion Reits got listed today, and people actually goreng Reits from 90 cents to 1.00+. Come on, it's just Reits.

Anyway, my stock to watch later.

MALTON: Dropped 2.5 cents today. If it drops to 0.69, game over, I will cut loss.

SYF: Very aggresive stock yet very yummy. MACD line crossover, buy signal, Momentum high for bullish, and all good signals from all indicators, Watch out for this, I might daytrade this stock.In technical, buy after 0.74.

REDTONE: Struggling to breach over 0.285. Again buy after 0.29.

RSAWIT: Bought at 0.93. TP 0.99 ish. Reason, breakout at 0.89, high volume, buying pressure high.

DIGISTA: Very strong support at 0.445. Buy 0.45, sell around 0.48. If you believe it will go bullish, TP 0.50. For long term, just keep.

BIMB: Selling force so high, but potential breakout, buy after 1.87.

UEMLAND: Upper leg coming? TP around 2.29

UNISEM: Buy after 1.07

I guess it's too late for me to continue. 3.15 AM already.

good luck.

Wednesday : Mixed

2011-12-06T10:17:00.001-08:00

Dow Jones is currently flat, up by 30 points. Sounds like a good news, but not for long I guess.

Today's KLSE is pretty insane. PROTON went down to 4.31, highest was 4.94, lowest 4.00. A ringgit gap here (33%). Rumours says that PROTON will be taken over. Wondering how true it is..

My stock to watch for tomorrow:

MALTON: With Pavilion Reits to be listed, I expect this stock will go up. I sold mine at 0.745 and bought back at 0.730. I am not sure if I am being charged via Intraday rate or normal rate. Will check on my statement later.

REDTONE: Still waiting for 0.29 to breach.

SMARTAG: I should sold it when it reached 0.280. Silly me, I forgot that this stock is supposed to be short term. Now it went down, back to 0.265. However, MACD shows buy signal, perhaps will wait a few more days.

DIGISTA, UEMLAND: No show.

DPS: Looks like it's gonna shoot up soon. 0.205 breaks, but volume is pretty poor. RSI shows oversold, recovering, might be a good buy here enter after 0.21.

DRBHCOM: Gap up, sold down. Perhaps can enter after 2.19.

MAHSING: Volume went up tremendously, RSI in oversold region. Revesal coming soon? Or even more bad news?

JCY: Handle with care. 0.795 is the resistance here, if break then can enter at 0.8. Warning, short term profit only.

HWGB: Technical buy if breaches 0.38.

MAS: buy at 1.44 if 1.43 breaks.

That's all for now. CIao.

Tuesday: DJI Retracing

2011-12-05T11:09:00.001-08:00

Dow Jones is currently up 60+ points. It was up around 100+. Retracing coming?

DAX up 0.42%. I seems that the war has not ended yet between the bear and the bull in KLSE later.

Here's the stock I will look later:

PROTON: Going to RM 5? Pretty insane stock today. I don't know how to do TA for this, but with this momentum, reaching RM 5 is not easy. Rumours of taking over Proton makes this stock like hot cakes. This reminds me of ESSO, when there was a rumor of taking over. It went up around 1.20 for a day. Whatever it is, if momentum continues, no problem.

MALTON: Testing 0.74 again today and failed. Closed at 0.735 and hopefully it will breach the resistance tomorrow. This stock attracts traders due to Pavilion Reits, which will be listed on this Wednesday, they are related. I am not sure how strong is the relationship between both of them, but if it breaks 0.74, you can buy @ 0.75 and TP at 0.8 for short term.

SMARTAG: Up by 0.025 today. Will go up later. If there's a gap up tomorrow, I will sell it.

MMODE: The chart looks very nice. But will try to stay out first. Bollinger Band rules break, but the rest remain buy, buy if breaks 0.445, TP 0.495.

MAS: Buy @ 1.44 if breaks 1.43

JCY: Looks like it's coming, really soon. As I mentioned earlier post, it has divergence. If buy now, means you are punting for the stock to go up. Enter at your own risk.

E&O: 1.45 breached. 1.46 is the buying price. But went down to 1.43. Can buy anytime I guess. TP 1.54.

DIGISTA: Still a big no, yet.

DIALOG: 2.48 breaches, buy @ 2.49

UEMLAND: 2.28 breaches, Should be able to buy now too. To be safe, buy at 2.30

REDTONE: Buy @ 0.295 if opens below 0.29

That's all for now. .

Monday Stocks.

2011-12-04T11:14:00.001-08:00

My analysis

MYEG: Enter at 0.68 ~ 0.685 if opens below 0.675

AIRASIA: Enter at 3.94 if opens below 3.92

DPS: Enter at 0.22 if opens below 0.21 (via FBB)

BIMB: Enter at 1.89 if opens below 1.87

YTLPOWR: Enter at 1.92 if opens below 1.91

Done

Here comes Friday again

2011-12-01T10:52:00.001-08:00

Dow Jones now stuck between 0 and -50 pts. Well, I believe it's normal, market correction after the hardcore bull entered the market.

DAX dropped close to 1%. I think it's normal too.

KLSE's today. 1st half was awesome but 2nd half all kaput already. What's going on? Still have no confidence on Euro side? Come on !

Anyway, let's get back to my watchlist.

UEMLAND: Today it gaped up to 2.28, selling down to 2.20. High was 2.30, broke 2.29's resistance. I think it's time to jump in now. It will go up anytime. Alot of souls trapped around that, even big sharks, so I think they won't leave it this way. Furthermore, it's a GLC counter. I will jump in tomorrow.

MALTON: Gaped up by 1.5 cent. In the end dropped to 0.69, from 0.71. MACD show sell signal. I think I have to believe it. If tomorrow drops another cent, I think I will sell it.

MMODE: It's coming? Probably will have another gap up tomorrow. Can buy now TP 0.48

REDTONE: Good chart. Buy at 0.295 if breaks 0.29. Cut loss at 0.26.

WIJAYA: I don't understand this stock.

DIALOG: Watch out. Might be coming

BIMB: Long overdue, what's up ?

AIRASIA: Buy after 3.92 is broken.

JCY: RSI Divergence found. Danger. Maybe I am wrong, but you can't understand the market. Furthermore, Thailand flood has been improved and the hard disk factory has been resumed.

Oh no it's 3.15 now. I better get some sleep

Ciao.

Thursday - Dow Jones hits 400 points!

2011-11-30T08:58:00.001-08:00

Wow, what kind of bullish is this. December, well... yeah.. Bull always comes on December.

Dow jones up with an astonishing 400 points! Amazing.

I am pretty sure KLSE will up around 30 points tomorrow. The problem is, gap up might jeopardize the trend so just trade responsibly.

For now, do we need to buy call? I am not sure, but well, just don't trade blindly.

PERISAI: Some ppl said enter at 0.685. My call is 0.71. TP is entirely up to you.

UEMLAND: Some ppl said enter at 2.23. My call is 2.30. TP is up to you too.

YTLPOWER: Enter at 1.91.

BIMB: Buy at 1.85

MAS:Buy at 1.45

MAXWELL: Buy at 0.385/9

I heard that syndicates will goreng blue chips due to upcoming elections. Probably UEMLAND is the best bet.

TCUBES: PN17 stock. Might be Triangle breakout tomorrow. After 0.225 is breakout aldy.

Too many to state, but i think it is enough for now

Good luck tomorrow.

Wednesday - Flat.

2011-11-29T11:02:00.001-08:00

Dow Jones is currently mixed between +20 to +80. Well, should be a little bit of correction here but I guess it will close around up down 30-ish today.

DAX up 0.93%.

Allright let's move on to KLSE Stocks shall we?

KLSE closed upper. 13+ from 23+ at certain point. Yeah, I guess many people still don't believe we are having such rally. Regardless..

SMARTAG: MACD indicates weak. I bought this because the RSI is very low. Should be up soon. 0.285 is the first resistance, but weak. The strong resistance is 0.295. If you enter now, you might want to take profit around that level. For long term, it is still not advisable as it needs to break 0.30. Enters at 0.31 if breaks, but it might take a longtime.

SRIDGE: Surprised. Gap up 2 cents. What's up? I am not sure, probably it's the trend. However, gap up is not always a good thing, so it might getting selldown. Distribution has dropped so just beware of it. Selling pressure is high when KLSE is closing

JCY: Will it continue to go up? Support at 0.66.

MALTON: MACD still showing red. But with the news available for this stock, I think it will go up.

MAXWELL: Enter 0.39 if opens 0.38 below.

MAS: RSI oversold kao kao.. MACD shows green. Stochastic having a bull signal. It's pretty hard to call here but ADX showing bullish sign soon. Buy if you are RSI believer.

AIRASIA: Downtrend despite MACD is green. Need to break 3.92 here.

BIMB: Skip for now. Fake rebound is fake.

DIGISTA: Damn contra players, from 50 cents sell down to 46.5 cents. The good part is, it has broken the resistance @ 0.48. Uptrend? Doji formed... Buy if 0.48 breaks 0.49 is target price to enter.

Tuesday Up!

2011-11-28T09:05:00.001-08:00

Surprisingly, DOW Jones is very green today. +300 points. What's up? Thanksgiving.

U.S. retail sales during the Thanksgiving weekend increased 16 percent to $52.4 billion, the National Retail Federation said, citing a survey conducted by BIGresearch. The average shopper spent $398.62, up from $365.34 a year earlier. Consumer spending, which accounts for about 70 percent of the economy, grew at a 2.3 percent annual rate in the third quarter, the fastest pace in 2011, the Commerce Department said Nov. 22.

http://www.bloomberg.com/news/2011-11-27/u-s-stock-index-futures-gain-after-report-on-imf-planning-loan-to-italy.html

Hmm, I am still to the market, does that mean the market will go up every thanksgiving?

Tomorrow KLSE will be very very green. Panic buy most probably. Gap up.

Stocks to watch:

MALTON: If MACD turns green, it's will be another great run. Watch out.

JCY: MACD is green, will have more show on this due to today's market.

SMARTAG: Closed red, probably tomorrow will be correction. Furthermore, RSI shows oversold, probably it's time to bounce back.

SRIDGE: Red :( But still uptrend, wait for better signals.

BIMB: Looks like it's going to bounce back.

AIRASIA: This one too, similar to BIMB, waiting for the uptrend.

Good luck.

Thanksgiving

2011-11-24T11:00:00.001-08:00

Oh, Dow Jones closed today due to Thanksgiving holiday. I forgot about it. Probably this is the reason why people bought more and KLSE went up today. DAX closed green so it will be a good sign for tomorrow.

However, market might be bad anytime soon due to Greece issue. It is still not settled yet. Damn.

Today I went in JCY @ 0.755. Yes it's at the peak, but JCY's volume is promising. TP 0.855 based on Fibonacci.

Well, what do you think? I might be wrong here, if anyone can correct me, please do so. I am still learning here.

My stock to watch for Friday:

MALTON: MACD still shows red, but went up by 2.5 cents today. Volume is not promising enough, but at least higher than yesterday. This stock still under massive selldown, probably it's time to buy back. I should have sold it when it reaches 0.70 ish, and buy back at this level. Well, I am not expert to do this yet.

REDTONE: Not a good sign to enter yet, despite MACD is green. The trend is still bearish, so we might want to confirm more about this.

SMARTAG: Turns green on MACD. But no volume. Time to go up baby. It has super support @ 0.25, so buying at this level is fine. TP is around 0.28. I don't intend to hold this for long.

SRIDGE: Good trend. But due to gap up on Wednesday, it is better to sell. It has a good bullish trend here, so probably i should have buy it at 0.27. If 0.29 breaks, can buy.

AIRASIA: Bullish engulfing candlestick. MACD calls you to buy. For me, it's not confirm yet. Just wait and see for few more days.

DIGISTA: Heard that report is coming out. Good buy if breaks 0.48.

BIMB: I think this stock is going to be explosive soon. Probably wait MACD for buy signal.

That's all. Good Luck.

Flat Flat Tuesday

2011-11-22T10:53:00.001-08:00

KLSE surprisingly closed higher today, which is +3. DAX down 0.4%, while Dow jones is losing 10 points. My guess is DJI is going to close slightly higher today.

Anyway, here's my stock to watch:

SUMATEC: A Pn17 kena goreng. What's the news, ask the market. I don't know. Close amazingly higher by 7 cents, despite market declining. It will still go up tomorrow, big balls having this stock, sell in the morning, if it's has a gap up.

MALTON: Dropped by 1 cent today. It was around 3.5 cents, which is very bad for such a good stock. But I believe this stock, got many ppl will support it. I am still keeping it, despite I am suppose to sell it @ 0.70 but I think this stock can go long term.

SRIDGE: It's coming soon. Up 3 cents today, volume is promising. Can reach 30 cents if market is promising. 27 cents resistance broke, so time to go in?

SMARTAG: Bearish today, looks very very bearish. Just don't go below 0.255, that's the support line.

GSB: I guess, it will go into freezer for a long time. Najib, appoint your son to this company :).

BIMB: Time for reversal? MACD shows green, RSI reached ngam ngam 30%. Buy?

DRBHCOM: Not following the trend. See for more clearer signal.

DJI down 38 points now. Damn Euro.

Good Luck tomorrow.

We are in bearish market now.

2011-11-21T08:56:00.001-08:00

Damn it, it's bearish now. Time for HSI-H3?

Looks like KLSE breaks the support today. Closing -20 pts is a bad thing for KLSE.

Dow Jones drops around 300 points now... it's an alert now.

Move on to the Stocks.

MALTON: I have to admit, Malton is a good stock. Today close unchanged at 69 cents, it's very good. But, will it stand strong tomorrow? We shall see it.

DIGI: Today went up due to share split. from RM 30 to RM 3ish, people tends to goreng it. Closed at 3.60, gapped up. Selling down tomorrow? Doji formed. Reversal might take place here

SMARTAG: I jumped in at 0.26. Reason? It has strong support at 0.25. If it breaks, then too bad for me. Usually market like this, it tends to standstill so I hope I am correct here.

MMODE: Looks like it's an uptrend for it. Might jump in if MACD turns green.

SRIDGE: Trading sideways now. waiting for signal.

BERNAS: Looks like it is a real deal here. Wait for MACD to reach positive, then it's a buy signal.

BERTAM: In my watchlist, see how it performs.

Type of stocks.

2011-11-20T11:21:00.003-08:00

Type of Stocks
Blue Chip
Well establish company, large market capitalization, usually leader in the industry, benchmark by others. Fundamental value very strong, good earning history, quite resilient in business cycles.Generally Blue Chip share are quite expensive, the player who will invest in blue chip is Institution, retirery, mutual funds, and people with large cash.Risk preference level low to mediumAmong Blue Chip in Malaysia, British American Tobacco (BAT) they produce cigarattes, provide reasonble dividends, good earnings, fundamental value strong, same to Top Glove, the largest rubber glove manufacturer in the world, which is producing recession proof product, good management and so on. Digi, Maxis, Sime, Maybanks and many other Banks...

Income Stock
Stocks that generally provide frequent dividend and higher than average that given compare with other Stocks. Ussually for those investor who target on long-term basis, low to medium risk preference, and retire soon.In Bursa Malaysia, generally REITs able to provide an average of annual 8% return to their shareholders, which is good for those who especially conservatise, better return than fixed deposit (FD) which interest rate return of 2.5-5% P.A or normal saving account which is 0.2% for less than RM50,000 cash in account or 0.8% for above than RM50,000, either this rate is still less than 1%, therefore Regular saver should go for REITs, however must do research first.In Malaysia, among the top highest dividend provider is CCB, Cycle Catridge Bintang, which give about 20% return on dividend for past two three years.Weakness of Dividend is usually they are taxes twice, so generally of 8%dividend rate - 25% tax. however in Malaysia, dividend income are tax deductable, therefore when you received dividend that been tax, make sure you go rebate.

Growth Stock
Although growth stock can be said that their share price is low, however not necessary they are on the grow or new in the market, they may long establish.. Example, Company A which cost at 20cent may consider growth stock, for its share price is affordable and easily double in share value, but when the share price rose to RM10 after some time, then it might not call as growth stock, as RM10 to double in value, do take longer time compare to 20cents.Usually aggresive or speculator will trade growth stock, as generally it able to provide higher capital gain.According to theory, we should purchase the company when they are new in the industry, as they have room for expansion this same to their share price.In Malaysia, have many growth stock, but as usual, higher return come with higher risk..same must do research.

Defensive Stock
Stock that resilience toward business cycles, such as consumer product, necessity product and energy or public utilities and so on.Education such as SEG, segi international college, thousand of student from oversea study at the college, it offer variety of courses at attractive price, good marketing strategy, regardless economy good or worse, student is still require to pay fee to the college, and the number of student is increase. The share price is increase over time, from 0.80cent plus to a quite solid figures of RM4.30 recently.Other Public Utilities is Telekom, provide communication services, they are government link company maybe have some special advantage such as wide monopoly in telephone services, they have over 900millions active users through Malaysia, strong fundamental value and resilient toward economic cycles...Defensive is for those who are risk preference low to medium level, and for those who are regular savers, monthly can buy some to accumulate for long term, and for retirement...

By : imperialhan

Monday Flat.

2011-11-20T10:55:00.001-08:00

Taken from someone:

If KLSE breaks 1448 support, it will be bearish, if 1495, it will be bullish otherwise. Currently, it is under danger level, hopefully it will be good tomorrow.

MALTON: Dropping aldy :( Oh no, should have sold at 0.74. Too ambitious.

E&O: Got news aldy. Let's see what it can do tomorrow.

EXTOL: Was up to 35 cents. Closed at 25.5. Another goreng again?

BERTAM: My stock to watch i guess. Just wait a few days and see what will happen.

Nothing much to write today. probably Tomorrow.

Good luck Malaysia. Make Malaysia proud by beating Indonesia in Sukan Sea Finals.

Friday Fear

2011-11-17T10:09:00.001-08:00

Dow Jones drops close to 200 points now.. It was +30 30 minutes ago.
What's going on?

Euro shits again.

Whatever.
Anyway, my today's analysis.

AIRASIA: Not enough volume to push it up. MACD shows red. Should be trading sideways now.

DIALOG: Time to jump in? MACD shows green. Buy at 2.51/2.52 if open below 2.50.

CNOUHUA: Jeez, wrong time to enter this stock again. Bah..

DPS: Declining.

Fitters: No volume despite good news. Damn, what's wrong with KLSE.

JCY: Dead cat rebound? Still no sign yet. Check tomorrow to confirm.

MALTON: Probably gonna declining soon. Candlestick at outer boundary of BB.

Regardless, it's not a good buy tomorrow.

Ciao.

Thursday.. recovering?

2011-11-16T10:21:00.001-08:00

Euro is doing shits to global markets..
Dow Jones down 40 points.. Seems like market is recovering.. I am wondering what's up with them now.

Market is quite uncertain. It's all about luck now.

First and Foremost:

TRICUBES: Got a project regarding about PDRM saman system. It's being goreng now, probably another goreng session later.

Tricubes jump 48.5% on police nod for summons contract
Written by Joseph Chin of theedgemalaysia.com
Wednesday, 16 November 2011 15:10
1
KUALA LUMPUR (Nov 16): Shares of TRICUBES BHD [] jumped 48.5% to 24.5 sen on Wednesday after it confirmed getting government approval as a collection agent for the police for traffic summons.

At 3.02pm, it was up eight sen to 24.5 sen. It was actively traded with 40.91 million shares transacted.

At the midday break, Tricubes announced it had secured a contract from the Malaysian police to handle the traffic summons and enquiries.

It had received a letter of award from the police appointing it as the collection agent of traffic summons via the automated teller machines and also enquiry of traffic summons through the short messaging services.

FITTERS: 60m project, Shanghai Disneyland. Translated from Chinese Paper.

Chuan-hui de yuan 180 million by Shanghai Disneyland Project
Finance 2011-11-16 19:42 Financial News Shanghai Disneyland has started in April, the construction completion expected in 2016. (KUALA LUMPUR) soared 8.98% on Tuesday, the German multi-hui (Fitters, 9318, board stock trading services), is said to Disneyland in Shanghai, China made a $ 60 million (about 1.8 billion) project. Small stocks soared recently, the trend sharp concern months ago as Germany's hui yuan, rose 91 cents Tuesday, up 7.5 cents, has again been subject to attention. Shanghai Disneyland contracts worth $ 3.7 billion (about 11.47 billion ringgit), the message that the German multi-hui has received $ 60 million of them work, and will soon be announced. April 8 has been held in the ground-breaking and the start of the Shanghai Disneyland, an area of 116 hectares, is the world's No. 6, No. 3 in Asia, China's second Disneyland, is expected to be built in 2016 for completion. The theme park by Walt Disney and the Chinese state-owned enterprises in Shanghai Shen Di (Group) Co., Ltd. joint development. Sources pointed out that Hui will be the reason why the German multi-project, mainly because of the company in the United States before the works for Universal Studios. De Hui in China also has to undertake multi-theme park experience; 2009, the company also bid for Qingdao's largest theme park project. Stock price decline after the first containing unit and the vouchers soared on Tuesday after a strong trend in early trading today, but reported in other small stocks fall, to midday weakness and closing times 90 cents, or 1 cent into trading 12,977,600 shares; The multi-WA-hui Germany reported 48 cents flat plate is linked to income, 14,231,600 units changed hands. The company is the largest fire solutions company, earlier round after purchase Zodd Design Pte Ltd, started joined this theme park business. Zodd Design Pte Ltd has received this year, about RM100 million of orders, sources said the company's next goal is to invade Russia and Brazil. According to the information, the company has 15 years of experience in the field, in Sungai Buloh, Malacca and Shenzhen, China has a production line. And before China, Singapore and China have had a lot of work. This multi-hui German subsidiary in China, Singapore and China have had a lot of projects, many of which project is derived from the strategic partners Kidzania, which is a subsidiary of Treasury Holdings.

My analysis: Enter after 0.96 resistance is broken. TP, 1.03 for short term, can be more, up to 1.18.

ARMADA: Gap up today. Closed 13 cents higher. I would say, it is a good stock to buy, but wait until the confirmation tomorrow.

CNOUHUA: Resistance broke, but selling force is so freaking high. ended up doji. Will it go down? likely. But I don't think it will go up for now, probably a month.

GSB; MACD shows red, warning sign. Sigh. I have entered at 0.115. Thought of TP @ 0.13 but oh well.
Poor, poor volume. Magic please.

MALTON: Gap up, closed below to 0.69. MACD still show green, likely it will have more shows.

JCY: Bearish mode I would say, but the news is keeping this stock up. Flood in Thailand is terrible, and this stock is taking advantage on it. Hard Disk value went up like crazy, they will have more profit.

AIR ASIA: Coming soon. Flying nearby.

E&O: Seems like it's coming. RSI breaks 50%, MACD line crossover shows buy. Triangle breakout might occur. Can buy if touches 1.44

BERTAM: Wait for the 1st wave. Just wait.

Tired..

Dodgy Wednesday

2011-11-15T09:58:00.001-08:00

Sorry for not posting about it 2 days ago.. Fell sick, no mood to blog. Whatever it is, I hope you guys enjoy some goreng sessions these few days.

Dow Jones up +30 as I am writing this post.

Yeah, 2 days didn't blog, I also don't know which stock to watch. But apparently, I heard that the penny stock goreng is going to over soon, and they are moving back to the hardcore stocks.

Well, as for today, MALTON had a good show. Wondering if it can break 0.74 later or not. That's depending on the volume.

As I said, MALTON, buy at 0.65. By now, you should have some profits here via contra. I believe this stock will go as high as RM 90 cents. Hopefully. See 0.74 breaks or not 1st.

Here are the stocks that I am currently watching.

AIRASIA: 4.00 is vital here. Once broken, it will go up. Uptrend, I said. Buy after 4.00, TP 4.20 and above.
Cut loss at 3.57. Although MACD shows green here, but it is still not confirmed yet.

BIMB: MACD turned red instead of green on 2nd day. Definitely not a good sign to enter.

GSB: My noobish move. Sold at 0.85 for a cent profit. I should have earned more. Stochastic shows negative, RSI oversold region. MACD screams at you to buy. Depending on DJ tonight, see this stock will goreng again or not.

DPS: Dangerous. Will go down abit. Out of Bollinger Band, it's not a good sign. Wait till it stable first I guess.

CONNECT: Stop. Nuff said.

DIGISTA: Party's over. MACD shows red sign. This will be a long term investment. Very. Hopefully it turns green tomorrow. However, with such a low volume, it will be another red, my prediction. I going to cut at 0.42.

JCY: Started to decline, beware.

SRIDGE: Yet another ACE market, apparently, no more ACE play. I guess this is a game over for me. 0.24 is the last chance for this stock.

TIGER: Opens with a cent gap. Sell down. today. See the volume later.

SYF: Probably you touch you die counter.

UEMLAND: Buy if 2.29 breaks.

Market Correction, checked.

2011-11-10T10:16:00.001-08:00

As expected, KLSE dropped today. However, the traders in KLSE are quite resilient as they are really forecasting the election on 11.11.11... Nice date, isn't it. This is the date where miracles will happen, just like now.

DOW JONES is green at 160+ now. It is a surprise as I am expecting it to be dropped tomorrow too..

Which means, you can see people might panic buy.

Anyway, now to the stocks..

DIGISTA: Down 2 cents today. Will go up tomorrow. MACD is still greeeeennn... Break the 45 cents resistance, and it will move on to the next level.

DIALOG: Uncertain now. Don't have any activity on it for the moment. I will skip this.

ESCERAM: I screamed when it reached 0.165. Congrats for those who get this stock early and TP it. Might be another session though..

GSB: Up 1 cent today. Buy now? Hmmm... Looks like it's coming like ESCERAM. I have been following this stock because there this guy, Johnmaster, recommended this stock to the members in Investlah. I actually sold to his presentation on GSB, apparently GSB is under SIMA GROUP. Who is Sima? 40 years of construction field. Long story short, I had decided to put my faith on him. Perhaps will buy today...

HARVEST: London bridge is falling down, very soon. Seriously, this stock doesn't make sense.

MALTON: Closed red today at 0.595.. Will still be trading sideways unless there's a breakout at 0.64. Just remember, 0.575 is a bad number for this stock.

JCY: Up to 0.695. Well, I guess I sold too early again. Regardless, small profit is still a profit.

MMODE: MACD shows red. Doji found. Likely reversal. Beware.

SRIDGE: Similar to MMODE,

WIJAYA: Great recovery despite KLSE went down today. Closed green today. Stock to watch later.

REDTONE: Doji formed, reversal to bullish?

GPRO: Worth to be discussed. Let's see the chart on top. I might be wrong here. Please bear with me. Just started TA since February so I don't have any strong confirmation. RSI divergence on late September to late October indicates that the stock is going down. Secondly, MACD shows red indicates that the selldown might begin. Thirdly, doji formed. Reversal. I would have run at 0.23 If I had it.

CNOUHUA: An utter disappointment due to bad market today. Enter at 0.345 TP 0.365, 0.39

CONNECT: Run.

DUTALAND: Closed Green today. Stock to watch too.

Bear Bear Thursday.

2011-11-09T10:15:00.000-08:00

Stupid Italy, buat hal again.

DAX dropped 2%, Dow Jones is currently at -250 points. That negates the 2 days of rally.

Well, as for KLSE, it definitely will get affected. Traders in KLSE are being panic so easily, and yes, that includes me. You will probably be able to see a gap down on many stocks tomorrow, as I am wondering if ACE market can endure this coming red zone... I wonder..

Whatever it is, here's what I found out today.

MALTON: RSI crossed 50% today, it's a sign of bullish. A very strong resistance at 0.64, strong support at 0.575. Whichever breaks 1st will confirm the trend of bull or bear. Of coz, it's better to be bull :)... If you haven't have this stock yet, don't go in until it breaks 0.64.

JCY: Selling force was very high on last minute, reversal will happen.

MMODE: Closed at 0.42 today. I think it's time to take profit for now as market will drop tomorrow.

RAMUNIA: Closed at 0.4 today. Breaks 0.42, enter. If Dow Jones is good today, I will straight away buy it. Beware that this is PN17 stock.

SRIDGE: Breakout today. Closed at 0.27. RSI at 78% overbought region. Volume is promising, might go up even-though tomorrow is bearish. TP 0.295. Hardcore TP 0.31.

DIGISTA: Breakout today too. Hopefully it breaks 0.45 tomorrow and will go all the way up to 0.485

BERNAS: MACD shows green today but volume is pretty bad. Wait till it breaks 3.29 first.

HARVEST: Bullshit stock of the century. Good for contra traders. Bomb is ticking on this. No comment.

DIALOG: Is he coming? 2.32 vs 2.50. MACD shows green. Stochastic bounced out from oversold region. Is anyone accumulating this stock? hmm

TIMECOM: In trendline, if momentum persist, TP 0.75.

DATAPRP: What is going on here? Is there anything that I don't know? 90% increased in a day.

Enough of telling... Good luck tomorrow.

Indecisive Wednesday

2011-11-08T11:45:00.000-08:00

Dow Jones still stays flat like yesterday, up down within 100 points. I am wondering if the bear is starting soon.

As usual, HARVEST reached Limit for today and HARVEST-WA is overbought. It is a time bomb, a very huge one. I mean, can't you guys have the scary experience to chase this high? What kind of mental is this? For me, I don't even want to think of this stock anymore when it reached 60 cents. Of course, if you have the balls, you may go on, like MAA last time... How much is MAA now? 20+ cents..

HIBISCUS made a show after HARVEST. Buying force suddenly went up like crazy, probably a gap up tomorrow. The surprise stock, JCY came back into action. I sold off at 0.645 after it failed to break the 0.66.

I sold DRBHCOM-CD as a precaution. Lose water money, better than lose hundreds.

What's my next target? I don't know. Market is very volatile now. Perhaps HSI-H3 to punt?

Anyway, here's my observations..

AIRASIA: Going sideways now.. 3.50 is vital to see another bull or bear. Don't go in yet.

MMODE: Good show. Closed at 0.385. Go in tomorrow?

WIJAYA: Going to shoot up soon. TP 0.725. Enter now if volume permits.

MALTON: One of 2 stocks I hold. MACD shows green signal and doji is formed. Potential of reversal tomorrow. However based on volume, it's rather disappointing.

SRIDGE: Very high chance for breakout. MACD shows green and all other indicators says, okay. buy. If 0.255 breaks, buy! If opens gap up tomorrow, cautious. They might sell down.

KLSE Tuesday's Prediction, sideways...

2011-11-07T11:15:00.000-08:00

I am predicting that KLSE later will go sideways.. Anything might happen from now on due to elections.

Dow Jones down 80 points at this moment. Not really a good news for us though..

I received some tips from a group, there are many stocks need to be watched.. I don't think I have the time to cater all of them, probably some few stocks...

MMODE:
Tips says: Enter at 0.39 if breaks 0.375. TP 0.55. Cut loss at 0.28.
My analysis: 11 cent gap to cut loss is 28% of your capital.. Hmm.. formed a resistance at 0.375, if break, yeah.. it will go up... GLC link? People says yes... 0.315 might be a warning sign of bearish.. be careful.
RSI, Stoc shows overbought, high momentum and green signal for MACD. I may want to enter now and TP at 0.37 first.

LEWEKO
Tips says: Enter at 0.2 if 0.185 breaks. TP 0.26. Cut loss at 0.14.
My analysis: This stock has been around at 0.12. Well, if there's the market maker opts to play timber stocks, this stock is worth to play. TP at 0.26 is possible if there's volume. Right now, volume is very low.

SRIDGE:
Tips says: Enter at 0.255 if 0.24 breaks, TP 0.315. Cut loss at 0.195
My analysis: There are big punters recommending this stock weeks ago, and ACE market was being goreng last Friday, this stock has missed the party, perhaps lagging? 0.24 has formed at super resistance, break it, yeah.. it will definitely go up. I have to agree on the tips above.

PMCAP:

Tips says: Enter at 0.105 if 0.9 breaks, TP 0.125 Cut loss at 0.07
My analysis: It's a 30% drop if fails. It's on news, so people might goreng this stock.. Not much info I have on this but putting this into your watchlist might be a good idea.

Now this is the stock I am currently hold on:
JCY: Closed at 0.58. If 0.575 breaks, it's a warning sign. No volume to support. Status is quite terrible.

DIGISTA: Still trading sideways, 0.42 formed a new resistance. Nice volume last Friday, if trend continues, it will break it, (> 2 million)

DRBHCOM: No volume. Closed with doji candlestick. Reversal to bullish please.

As I writing here: DJI is flat now. Hopefully it closes like this today.

Independent KLSE

2011-11-03T11:47:00.000-07:00

It's been a while KLSE is independent. Dow Jones were up last Wednesday, KLSE went deep RED today. What's up doc? Maybe they don't want to risk their trading due to a long weekend, 3 days. Market is being unpredictable nowadays.

I need to start to learn how to buy warrants. Why so?
At least during bullish, my profit will get better. Of course, if backfired, you lose better also.. haha, but usually it is unlikely. Unless you are really out of luck, like me recently, then yeah.. you will. Recently, I have enter a forum, and they do alot of call-warrant trading. It might be a perfect place for me to learn about warrants. Yeah.. I will go for it.

Today's special..

MYEG: 5,000,000 volume in 30 mins before closing. What's up ? Election coming? GLC stock, might worth a punt, i guess. Trading sideways at the moment, 0.655 is the breakout, entering 0.66 is a good idea. TP 0.675, 0.71.

HARVEST: Ever since Najib's son becomes chairman of this company, it goreng from 8 cents to 64 cents. That's 8 folds! Insane! Just imagine you invested 3k into it. It becomes 24k within a month. Wow. Do you think it will go up tomorrow? I want to enter also damn afraid, because when it drops, it drops like there's no tomorrow too.. Seeing it up 20% a day, I just don't have the guts to enter this stock.

JCY: Goreng habis? I have this stock. I was told that if it goes below 0.51, cut loss. But if tomorrow opens below 0.575, this stock might be in trouble too! Oh, this stock is about Hard Disk.

FLONIC: Goreng. Breakout, 0.18, checked, closed at 0.17. Tomorrow might be better day for this stock. Buy ? Hmm..

MALTON: Dropped :( Massive Selling. If Dropped to 0.56, I am out.

ULICORP: Went up today. Trading sideways. Still got buy signal, but weak

AIRASIA: Will go down.

November will begin with bearish.

2011-10-31T13:32:00.000-07:00

Many people says that November usually is a rally month.I am wondering if this year is true or not.

Dow jones drops 275 points. KLSE is gonna be deep red. I think it's usual as people is taking profit from the market after weeks of bull rally.

I have entered JCY Today at 0.61. Closed at 0.605. Due to Thailand flood, people goreng JCY because of hard disk shortage. I received some comments telling that if ENG ups, JCY will go down. I am wondering if this statement is true or not.

Comparing ENG and JCY

ENG: Closed at 1.57. Still oversold, likely will rebound to 1.70ish. The indicator is still undetermined. Tomorrow gonna be red, let's see how this stock will perform later.

JCY: RSI 73%, Both RSI and Stochastic show overbought. Well, likely it will drop tomorrow due to DJI, unless people goreng it.

Both stocks volume went up tremendously. ENG might see some light here.

Well, some stocks you might want to watch for tomorrow..

BORNOIL: Doji formed. Reversal might take place for a while. I am predicting it will hover around 0.4 to 0.43 for few days.

REDTONE: Downtrend very likely begins tomorrow. 0.26 support. If brakes, sayonara,

ZELAN: Might be a good buy here. 0.395 breached. Might be another round of goreng later. TP 0.41, 0.425

KULIM: Uptrend. 3.60 breached. Next TP might be 3.67, 3.80

WIJAYA: Stay out.

MALTON: Hopefully it stays around 0.60 later. Formed a super resistance at 0.64. If breaks, it will go all the way up. Likely it will stagnant. Need alot of volume to push up this stock.

TO be honest, i like SMARTAG. Hovering at 0.26 can buy, sell at 0.28.. Peanut profit but what the hell, a profit is still a profit.

Enough for today. Prepare to fasten your seat belt later.

Monday down?

2011-10-30T12:25:00.000-07:00

Dow Jones closed flat, 20+ up. I am wondering if this is the reversal point.

I might be stupid here but I actually paid a subscription for a tips in one Facebook group. Well, here are the reason why I subscribe for a month.

1. I want to learn more things. With their analysis, at least I can compare what if I am doing it alone. Well, I have entered the group and I am quite satisfied with the information given by them.

2. To double confirm my analysis with them is similar. If the great mind bleeds alike, I think it's a good sign for me to move on to the next level.

3. I believe that self learning on charting analysis is much more efficient than attending course. So far, I received many mails regarding about ChartNexus that they are having a course here and there. To join them is not cheap, I heard it's about RM 5k++. And it's probably a week course. Well, I don't believe that you can analyze the chart right after the course. You still need to learn. If you think you can do it, probably you are still naive.

Anyway, regardless of these, I might want to jolt down my stock to watch for Monday.

31st to 4th November 2011

MALTON:
Tips from Facebook - Buy at 0.655 if price is lower than 0.64. Cut loss at 0.575
My analysis - A very strong resistance at 0.64, and MACD shows red. RSI shows at 64%. Tomorrow is the vital point to see if MALTON is up or down. If it closed below 0.575, you might want to consider a cut loss here.
The reason why the tip asked me to buy at 0.655 is to CONFIRM the uptrend. Do not against the dragon, as you have not enough weapon to be a dragon slayer.

CNOUHUA:
Tips from Facebook - Buy at 0.34 if price is lower than 0.325. Cut loss at 0.275
My analysis - It closed at 0.31 last Friday. To confirm a uptrend, buy it at 0.34. My mental strength is quite bad nowdays and to buy it at 0.34, I am literally forgoing 3 cents. I might pass this stock. Currently, it shows a downtrend perhaps I need to wait another wave of bullish sign.

REDTONE:
Tips from Facebook - Buy at 0.345 if price is lower than 0.33. Cut loss at 0.255
My analysis - It dropped to 0.3 last Friday. MACD shows sell signal soon. That's the reason why you shouldn't buy a stock straight away when you know it's going downtrend.

DRBHCOM:
Tips from Facebook - Buy at 2.19 if price is lower than 2.16. Cut loss at 1.94
My analysis - I will say, cut loss at 1.91. MACD shows green and buy. RSI shows overbought and if it breaches lower than 70%, it might be a sell sign. Same goes to stochastic. I am not sure why the buy price is at 2.19 but as long as it opens lower than 2.14, technically, you can buy it at 2.16. I might be missing a point here. But we shall see how this stock goes first.

Well, that's all for today.
See you tomorrow and good luck.

Goreng Friday

2011-10-27T09:41:00.000-07:00

It's gonna up very very high tomorrow.

Dow Jones up 300 points. Broke 12k and it's a super uptrend.

Whatever you buy are likely to go up. Invest smart and responsibly. Good Luck.

Perhaps here are some recommendation.

MALTON: Today's chart show an uptrend. Support at 0.575 and if it breaks 0.64, it will be a breakout.

REDTONE: MACD shows R41G.Buy signal continues.Tomorrow likely a gap but regardless, TP is 0.37. I believe this stock will go over 37 cents, due to massive volume
.
HARVEST: Another bullish candlestick. What's up with this stock? Is there any news I don't know, or just a pure goreng?It's pretty violent as from 9 cent to 42 cent, it's a 5 fold if you invest it from the bottom. Very high risk, and I don't think I will enter this.

JCY: Pretty good bullish. Every indicators show buy. Can go in if you want .

LATEXX: Remember I told you that I cut loss. It went up. This is my mistake. I should keep longer. Cutting loss at 1st level might be not a good idea. I have learnt my lesson.

AFG: Hopelly it breaks 3.60.

HIBISCS: After 2 days of suspension due to a new contract, it shoots up at 0.71 at one time. Closed at 0.695. Buy after 0.72 might be an ideal move, as it has broken the resistance.

MAS: Seems like wanna join the party too. Breaks 1.61 is an uptrend.

GPACKET: Buy now, TP at 0.715.

After Deepavali..

2011-10-26T12:45:00.000-07:00

Dow Jones up 128 points. KLSE is closed today due to Diwali, will it be a bull later? I still having my Warrants, yeah I am punting :(. A bad decision.

In KLSE, it's volume that's matters. You can see all those penny stocks 'goreng' up to 500%.. Sorry, my mental strength is not good, I don't dare to go in. Furthermore, usually when I go in, the stock will go down. I am like a jinx or a 'black star' when buying a stock.

Everytime I buy a stock, it will go down. Although eventually it goes up, but I don't want to have a heart attack.

Oh well, I still don't really know how to check volume and such, I have to find some other experts to blog about it. Well, the main reason why I write this blog is to learn more, or keep track of my trading performance.

Anyway, here's my case study.

AIRASIA: Doji formed... Reversal coming? If I have it, I would take profit now. It's a shame for me not having this stock. Damn.

BERNAS: I love this stock. Now it might hovering around 3.2-ish.. Anything below 3.2 is a good buy from now. I am waiting for a drop.

CNOUHUA: It's the end of bull rally I guess. 2 doji + hammer. It's going down.

MBSB: MACD turns green. If it breaks 1.74, it will be bullish. It has a greater risk because all the indicators show that it is overbought. I might be wrong here. I never see such chart before. Bear with me. I just started charting for 3 months only..

MALTON: I bought at 0.605. I guess it was a terrible decision after all. I think I will sell it at if it really reached 0.61. Indicators shows sell signal soon :(

HARVEST: From 0.08 to 0.32. I don't have any insider news, but what's going on here? Or is it really a pure goreng after all?

TIMECOM: Not a time to go in.

ESCREAM: Bullish but doji formed. Reversal might happen here.

SRIDGE: Recommended by Bonescythe. Who is him? I will let you know later. A gap up, closed at 0.24. Volume checked. I think it will be a very good buy now. Short term 0.265, long term 0.29.

REDTONE: Support at 0.26. Will it go up later? hmm...

Tuesday Gamble.

2011-10-24T12:25:00.000-07:00

I knew this person, who played Warrant like a boss. Everytime he posted his earning, it was RM 500 profit a tick. For example, this guy bought DIALOG-CC for 0.2 and he sold it at 0.205. Just a half cent raised. This is what we called the swing traders.

How did he do that? Well, if I can be like him, I won't be losing this much now.. Haha.. Well, I believe that I still have a long way to learn but at least, I am trading smartly.

Here's what happened today..

LATEXX: I sold at 1.62 in the morning as I saw SUPERMAX and RUBEREX were going downtrend. Then it went up to 1.67 in the afternoon, and went back to 1.63. What does that mean? Perhaps they want to beautify the chart? I don't know. It was a pretty low volume MACD still showing buy signal. Sorry, I have left the game with losses.

MALTON: Formed a spinning top. However, MACD is showing red. It's a gamble now. Up or down is depending on Dow Jones later. Currently it has a high momentum of uptrend. I hope it continues tomorrow.
I bought at 0.615. Short term TP will be 0.7 while cut loss at 0.56.

Other than these 2, there is no stock I can comment at this moment. Perhaps later will have better signal.

Good Luck.

Dow Jones up 90+ by the way

Monday Rally?

2011-10-23T10:58:00.000-07:00

Well, I was very emotional on Friday. Again, Do not do any trading when you are emotional. You will make losses more than profits. It's true.

Perhaps, I went against my own trading rules. I learn 2 things last week.

1. Never chase a stock. You usually ended up making losses.
2. Warrants are double edge. Handle with care.

I went in Latexx at 1.7. It's true that there was a breakout. I went in too early. I keep averaging down Latexx till i have to make quite a huge losses. I sold half of it. Hoping Monday to be bullish.

Why I don't keep is I don't want to risk all my money on a single stock. When you lose, game over. Move on to the other stock. Unless you are a Fundamental Trader, then perhaps you can hold.

I have been experimenting many types of trading. ARMADA-CC is one of my warrant. It's a dangerous play.
I come across this forum and they just trade Warrants. a half cent profit is equivalent to RM 500 at least. Probably they have the software tools that indicates the chart every 5 mins.

Yeah, I know there's a software for it, but however, you need to subscribe it. a RM 180 per month is kinda expensive and I think I will just pass it.

Anyway, since Monday is going to open green, most of the stocks are probably going to open, green.
Here's what I got from these stocks.

LATEXX: Shooting star formed. Might be a strong reversal bearish. If breaks 1.42, it's a bearish.

WIJAYA: Might be a good buy here. 0.64 breaks, it's an uptrend. 0.59 is the vital support for bearish.

AIRASIA: MACD shows red. Likely will drop soon. Correction ahead, beware!

BIMB: Went up on Friday, but still not a good signal to go in. Overbought.

DIGISTA: Looks nothing here. Hopefully something miracle will happen here soon. I still have it. But likely it will drop :(

MALTON: It will drop.

ULICORP: Remember I told you that I made losses on intraday. It's still a good buy. I should just keep it.
Damn my emo. I need to train to immune to it. If not, I will make more losses.

There's nothing more already. The other stocks look bearish. Might be not a good day ahead.

Any stocks can you recommend? Let me know :)

Bearish ahead. Stupid things, I did it agian.

2011-10-20T12:36:00.000-07:00

Seriously, I need to put off my greed somewhere else. I made RM 400 losses within 10 mins due to ULICORP. I was checking his stock abit late, and it went up to 0.87 within 5 mins, right after KLSE opened. I was kinda mad so I jumped int boat at 0.875. Of course, it got backfired. I had to cut loss at 0.835. On the other hand, I managed to sold off SMARTAG at 0.295. I think it's good enough for a short term.

Ahhh.. seriously, I just couldn't control my emotion sometimes. I am supposed NOT to go in. Well.. I put too high hope on ULICORP.. While the other stocks, IRCB, all China stocks, XDL, CNOUHUA, all went up.

While I am writing this post, Dow Jones is flat again, very undetermined. Up or Down for tomorrow is based on it. Quite sad huh?

Anyway, here are the remaining stocks that you might be interested.

AIR ASIA: Godlike rally. Spinning top is formed so it might be reversal tomorrow. Buy only when it breached 3.82

CNOUHOUA: Uptrend if 0.31+. Pretty good stock as for now.

ULICORP : Will go in if it breached 0.84. Damn this stock. Really.

WCT : Buy only if KLSE is positive. Might reached to 2.61.

Rubber Stocks...
SUPERMX: It seems that these robber stocks are being played every 2 or 3 weeks. Try to catch this trend.
Anyway, buy at 3.23 and TP at 3.49 & 3.61

RUBEREX : Buy when it reaches 0.71. TP around 0.75ish.

LATEXX : Buy a ticket @ 1.70. It will ride you to 1.80. 2nd station will be 1.90+ (1.98 to be exact)

But let me warn you guys. These rubber stocks can be manipulated easily. Hopefully sharks will not eat you.

SMARTAG: Volume went up like crazy today. Good news coming? nah..., I think it's a goreng.

UOADEV: People might take profit tomorrow. Wait for next week I guess.

Thanks for reading

Is KLSE going flat?

2011-10-19T11:46:00.000-07:00

Ahh, from dropping, then it went up. Now it's flat. I am wondering if KLSE will follow the same trend later or not.

Regardless, there are many stocks can be bought based on Technical..

Here are the few stocks in my watchlist.

ULICORP : Technical says buy. RSI oversold. However, no volume, quite dangerous too. Enter at 0.80 if can to confirm the uptrend. Run if broke 0.725. TP is 0.87.

WIJAYA : WHen 0.63 is broken, it's a buy. Short Term TP is 0.69, 0.725.

ARMADA: 3.77 is vital here. Once broke, it will go all the way up to 3.94

WCT : Seems like rebounded from the bear yesterday. Volume is normal but likely will go up to 2.47.

RAMUNIA: A PN17 stock on the run based on speculation. Once 0.41 is broken, it will be an uptrend.

Stocks that you should avoid:

HWGB, MBSB, TENAGA, AFFIN, BERNAS, BIMB. They are declining now..

Good Luck.

Blood Bath

2011-10-18T11:02:00.000-07:00

Oh well, things gotten ugly. Most of my stocks went down like crazy. Here's my portfolio now

GSB, SMARTAG, DIGISTA, ARMADA-CC

While I am writing on this post, Dow Jones up 60 points. Does that mean KLSE will have a recovery tomorrow? Make me happy, please. Whenever I tried to punt a warrant, it went against me just like that. Never once before it went up.

I am still an emotional trader actually. What I need to learn now is to calm down and think again, what went wrong. Yes, I know it is not easy but, as a discipline trader, you must qualify yourself to reach a level that you are immune to this noise. True story, bro.

HWGB going strong eventhough KLSE drops hell alot today. YTLPOWR dropped slightly. These are the stocks that you need to watch for tomorrow.

HARVEST: from 0.08 to 0.255 within a week. This is insane. What's up with this stock? I might miss out something here.

BIMB: Yeap, going down. Likely to go down around 1.84.

MBSB: Finally it dropped. Looks like double top has formed. Bearish now?

My friend is having these stocks, and he asked me to do some analysis on these stock. Well, might as well I share em here..
MASTEEL: Looks bearish. Support at 1.11, 1.10. If breaks, run for your life man.

MALTON: Broke 0.6 support. Might see a bear in here soon.

TENAGA: Undetermined. Should see what happen tomorrow.

TA: RSI touched oversold. Stoc shows bearish. MACD shows bearish. If breaks 0.57, it's bearish.

By the way, many people start mentioning this falling-knife stock, ENG.

ENG: Free fall. Closed at 1.54. No support yet so we shall wait and see in next few days.

It's 2 am now.. Just watch out HWGB, YTLPOWR and WIJAYA.

WIJAYA: Forgot to write this stock. Buy when stock breaks 0.63, Stop loss at 0.545. Take profit at 0.7

Good Luck

Trading with emotions is dangerous

2011-10-17T14:18:00.000-07:00

Dow Jones dropped 247 points. Is KLSE going to follow ?

I have been trading for 8 months and yet, my emotions are still overwhelming me. When they do, I did stupid things.

Yesterday, I bought Armada-CC. I told myself not to buy, but my emotion said it otherwise. Now I am in losses and KLSE is going to go down later due to Dow Jones.

Why this happened?

Well, I lost alot of money in MBSB-WA on August. If I keep holding it until today, I would have profit instead of cutting losses. But again, who knows the future? I would have started to think again. Is cutting losses really a necessary thing to do? I come across many people with AFFIN-CD (if I am not mistaken) they complain of cutting loss. If you are still holding it, it would be a profit instead. Many experts told me to cut loss and I did. Well, when this happens, you can't blame the expert but yourself.

What's my feeling now? It's just like MBSB-WA slapped me on the face, twice, or thrice. Cut loss la! take that bitch!

This is why, trading with emotions is very dangerous. Why this happened?

1. You sold a stock too early.
2. You missed a stock that shoots up high. Very high
3. You missed the rally.
4. You come across people saying that they earned 50% during the rally while you are not.

I need to calm down.

Calming down.
Calming down.

Okay.

I will cut loss ARMADA-CC if it mother goes down.. I'm probably going to make losses around 20% ..
Well, it's a call warrant.

RAMUNIA: Director disposed his shares? 10 million shares. Hmm gonna reverse soon.

HWGB: Goreng of the day. Big volume yesterday. went up 6 cents. Wow. Big winner. Will it go higher today? It has uptrend in every indicator. The repeat of Jan 2011, which from 30 cents to 90 cents?

E&O: Closed at 1.52 Buy? TP 1.56, 1.59. Indicators shows all positive.

Other the rest, I am still now sure, maybe you guys can recommend?

Thanks for reading.

17/10/2010 Stock Watch

2011-10-16T11:34:00.000-07:00

Dow Jones closed positive 166. Very likely to be bullish on Monday. Which means, we gonna buy high and sell higher. Folks, no more Mega Sales.

Here's my stock to watch.

E&O : Buy signal, RSI breaches 50%. If it reaches above 1.49, it will likely to reach 1.55. 2nd TP will be at 1.59 and 3rd TP will be at 1.64.

RAMUNIA: According to trend, probably there will be another goreng session. Buy if breaks 0.40, TP 0.425 and 0.45. RSI showing overbought signal, but the other signals show positives. Beware as this stock is still in PN17, which mean it can be delisted if they didn't meet the requirement by Bursa.

BIMB: I will just stay sideline for this.

MRCB: Likely it will go down abit. Support at 1.82. I might going in this stock if it falls around 1.80+ish. Anything below 1.82 is Mega discount. RSI shows overbought, and the same is true for Stochastic However, MACD shows 4G1R, meaning that the volume has fall and selling > buying. Maybe wait a few days for better indications.

OLDTOWN: New IPO listed since July 2011. TA might be very inaccurate but for the sake of it, 1.01 is the vital checkpoint here, but it is likely to go down on Monday after 'doji' is formed (Sign of reversal).

Profit Taking on Friday.

2011-10-14T14:13:00.000-07:00

KLSE's Friday usually is Taking Profit day. For those contranians, it's T+4. Dropped -2.44 today. I was expecting of -10 anyway.

I took profit YTLPOWR today @ 1.78 so it's a +9 cents for me. Well, I am not a shark or something, just a tiny anchovies aka ikan bilis. I took profit BERNAS too @ 3.25 and 3.21 respectively due to volume decreasing. I was told that BERNAS is a defensive stock, as you can keep for long term to 5.00+.. I passed the argument. I might be wrong here but every time when election is coming, the market will boom and right after that, it will drop like there's no tomorrow.

Trust me, I just started trading for8 months. Currently I am still making losses, roughly around 15% and that sucks. Well, nobody wants to lose money. No complain.

Here was what I my mind this morning..

MALTON: Still up. For those who are investing MALTON for long term.. Congrats. It broke 60 cents as resistance yesterday and it was a technical buy. Somehow, my mind told me that it is somewhat skeptical. This stock really proves me wrong. Sorry, but I gonna pass this one until it drops back to 60 cents

MBSB: This stock kills me and slap me on the face. I make a huge losses on MBSB-WA close to 25% and I cut loss around 0.65. Now it's 0.765. Some of my friends scolded me for being so stupid to cut loss a stock, might as well just put it into freezer or something. I beg your pardon. I rather cut loss and fight for another day. If I am not a TA (Technical Analysis) person, yeah, maybe I will keep it. But hey, for a TA person, you don't really care what kind of stock is that, everything is based on charts. If I don't cut loss, how to 'invest' another stock? For me, I think it's a right move. For them, it's not... "See! I told you not to cut loss MBSB, now 0.70+ aldy". Well, if I don't try to contra, I won't lose that much money probably a few hundred. It's so happened that that day I contra-ed and I got burned. I lost that battle. Period.

MAS: Volume was very poor. It still went up. I think it's gonna drop back to 1.46 support unless there's a volume on the next trading day.

OSK: Merging with RHBCap? Hmm.. it's in talk now.

RAMUNIA: Volume drop. Went up. MACD shows buy and RSI shows oversold. Is it a bad thing? Hmm..

BIMB: Dropped to 2.01, broke MACD shows 4G1R. Resistance at 1.96. I think it's a bearish for BIMB now.

DIGISTA: I still holding this. I feel like selling it. Feel like no more umph.

SMARTAG: Wanted to sell. Couldn't match.

Hopefully there will be a better trading day.

Good luck.

Today's KLSE

2011-10-13T11:13:00.000-07:00

It's pretty obvious we are in bull rally today. My first thought of buying was BIMB but when I see the price, already reach 2.09.. The support for BIMB was 2.08, so I decided to go in BIMB-CA for 0.26. Got backfired.. and I sold em off at 0.25 instead.

Maybe I should wait longer. Well, my guts asked me to sell. So I did.

I am just an ikan bilis trying to join the rally. Well, I didn't get the food. I lost a cent from there and it's a painful one..

There were some stocks in my mind during that time..

MALTON: So strong. I am waiting for correction.. TA shows that I should go in after 0.60 but no. I couldn't convince myself.

YTLPOWER: I went in @ 1.69 yesterday. Closed at 1.76. Perhaps I should sell off @ 1.78 but I am still keeping it. My target is 1.88.

DIGISTA: I went in long time ago @ 0.435. I thought I would sell it off yesterday but suddenly its volume went up. I decided to keep instead. Recommended by bro Bonescythe, he's very reliable on stock trading.

MAS: Didn't go in. Missed. Was at @ 1.51 peak.

RAMUNIA: Yeah, PN17 stock. I was told that I shouldn't touch this at all. Sorry but I want to be little different that time. It's true that this stock can be manipulated easily. I admit that it's my fault for buying stocks blindly when I was a beginner. Lesson learnt. For the sake of TA, TP: 0.425.

MBSB: I was a fool on this one. My mind wasn't thinking right. I tried to contra MBSB-WA on August but the next day itself, it drops heavily. Remember KLSE was at -70+ at one stage? That's the day. Lost big money there :(. What people says is true. Earn peanut, lose abalone.

While I am writing this post, Dow Jones went up to -56 pts from -180 pts. Recovery? Or maybe KLSE is independent due to incoming election?

Hopefully it will be another bull day tomorrow.

Definition of Day Trading

2011-10-12T21:00:00.000-07:00

1. Disclaimer

Day Trading is not for the fainthearted. Day trading involves financial risk, therefore do not trade with money you can’t afford to lose and do not trade on borrowed money. The reason you are seeing this “WARNING” here is I want to be honest with you that trading day trading is a risky activity. You could lose a lot of money. If you are not comfortable with this, then again don’t engage in day trading. However, if you are a risk taker and understand the financial risks and rewards involved, you are welcomed to explore all the possibilities in the exciting world of day trading trading but do read the rest of this page. Any opinions, news, research, analysis, prices, trade recommendations or other information contained on this website is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Trade at your own risk. All information and material discussed in this topic is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profits or losses, and agree to hold myself responsible in any and all ways. I do not assume responsibility for errors, inaccuracies or omissions in these materials. I do not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials.

2. The Controversy on Day Trading

With the explosion of the internet, stock market trading has become real time with open access for everyone, and with this revolution came the explosion of Day Trading – the buying and selling of a security within a single trading day at low costs! You and I would let ourselves down for not exploiting this god given chance.

Day trading, as the name implies, is when you buy and sell financial investments during the day and settle all your outstanding positions prior to the market closing. The profit potential of day trading is perhaps one of the most debated (and misunderstood) topics. The biggest problem with day trading is that it is almost seen as a form of gambling. This is perfectly understandable when you consider the number of day traders out there that lose money rather than making money. The thing is though, there is such a thing as a professional gambler and the truth lies somewhere in the middle.

Many professional money managers and financial advisors shy away from day trading, arguing that in most cases the reward does not justify the risk. They often cite that no day trader is world renown, whereas icons like Warren Buffett and Peter Lynch are a testament to the success that can be attained by more traditional forms of value investing. Conversely, those who do day trade insist there is profit to be made. They say the success rate is inherently lower as a result of the higher complexity and necessary risk of day trading, combined with all the related scams.

Overall, the street remains divided on the issue. At the very least they agree that day trading is not for everyone and involves significant risks. But from a strategical standpoint, and if you know what you should do and do it well just like a good poker player, day trading can actually bring down the risk of incurring a loss overnight due to differences between an opening price and the previous day’s ending price.

3. What is the Essence of Day Trading

“Speed and fear” is the essence of day trading. The most important thing to remember is to protect your capital rather than capturing profits. Always remind yourself to buy and sell quickly and take profit on small price changes. Do not be greedy and do not attempt to bag the elephant. Basically the center assumptions of “speed and fear” are:

i. A brief exposure to the market lower the chances of running into an adverse event. (See, scalping has the advantage to let you fight greed and let you ride safely during these uncertain time.)

ii. Smaller moves are easier to obtain as bigger imbalance of supply and demand is needed to warrant bigger price changes. This means you have to sit down at your computers the entire day and watch for any price movements. There is nothing relaxing or fun about watching price fluctuations and ticker quotes, just like fishing. If you do not have the patience for this, then it’s probably better you find another way of making extra money.

iii. Smaller moves are more frequent than larger ones. Even during relatively quiet markets there are many small movements that a scalper can exploit.

iv. Accept the fact that day trader lose in a while. Be ready to take small loss but never allow small losses to snowball.

4. How to make money using day trading?

a. Open a cash upfront trading account to enjoy low brokerage so that you can take profit on small price changes. The best method is to open a cash upfront account with a local security firm. This brokerage can be even lower because most security firm gives cheaper brokerage for intraday trade

b. Less is more in day trading. Your priority is to fall in love with money, not stocks or knowledge. The less you rely on technical analysis and value invsting, the more money you will make. These things dun contribute to day trading in KLSE and that is the beauty of it because it means you dun have to spend alot of time studying impractical things. Always remember day trading prey on market weakness and rides on news, rumours and investors sentiment. Let’s discuss their pitfalls

The pitfalls of technical analysis
The disadvantage of technical analysis and chartist is that you will experience paralysis by analysis. The market has no memory and the past is not an indicator of the future. Relying on charts completely will not help you to pick up the signals about the changing of a trend until the change has actually taken place. That means you are drawing trends based on past performance and you don’t make that trade because an indicator is not in the right place, or you just wait for the ideal time to come which never does. Or, better yet, you don’t get out of that losing trade because the technicals said that “It will come back”.

The pitfalls of value investing
Margin of safety, PE, EPS, NAPS are often impractical in KLSE because our market is not as advanced or as deep like US, Europe, Tokyo, Hong Kong and Shanghai stock markets, many of our blue chips are heavily owned by foreign funds who abandon ships at the slightest fear, and our stocks are heavily manipulated by syndicates, not to mention there are also frequent fraud cases. Frequently we have witnessed blue chips stocks underperformed penny stocks during bear market and penny stocks outperformed blue chips stocks during bull market. Margin of safety, PE, EPS, only work in a free, advance and non-manipulated economies. You can google a bit and you will know our ranking is way behind many other countries.

c. Study what stocks are “steaming” at present moment and create a portfolio of it. Steaming stocks refers to the most liquid and volatile stocks at present moment i.e stocks that have plenty willing buyers and sellers allowing you to move in and out of positions easily and allowing traders to profit from moves of just a few cents. Steaming stocks are always reflected by the Buy-Sell transactions, Buy-Sell volume and the corresponding BQ-SQ relative to the total outstanding shares issued. They are the most important source of information in order for day traders to predict the velocity and price directions. To check whether you portfolio has lose its steam, you have to diligently export and update it everyday after market closes. Your portfolio should typically consist 5-10 stocks but usually the a few stocks should easily stands out among the rest. Also the same few steaming stocks should appear in the list for the next 2-3 days because market also need some time to digest news, rumours and sentiment.

d. Always double check your steaming stocks in investlah and bursa community forums. This is to make sure your steaming stocks are also concurred by mass public and is also the fastest way to uncover further news and rumours. Dun worry. Even though most people said forums are full of liars, but if most forumers said a same good thing about a counter, chances are there is a high degree of truth behind it.

In addition, you must also do your homework on the followings
•   newspaper headlines and biz news including the edge, CNN money and Bloomberg
•   bursa announcement, esp on director shareholdings, quarterly result and dividend announcement
•   buy or sell calls by investment banks or analyst
•   keep an eye on the after-market DJ and Europe spot and futures index. Understand that world markets will react to each other every day. That means, if the U.S Markets fell yesterday night, as a chain reaction, the Asian Markets may also fall today, and vice versa. So, before your market opens, you have to check how the markets on the other side of the globe closed last night.

5. Day trading illustrated

31 Jan 2011 5.01pm

- Extract and export the list of Bursa closing stocks in MS Excel

- Identify the steaming stocks with the most buy transactions, buy volume and BQ-SQ relative to the outstanding shares issued means a lot of people have entered into a lot of transactions to buy a lot of shares for a particular stock during the day and a lot of people remain wanted to buy at closing time but failed to do so.

- Investlah forum and newspaper indicated that there is good M&A news!

1 Feb 2011 8.50am
- DJ rises 450 points last night with favourable Europe news

- You queue 2 steaming stocks from your portfolio with that has only risen marginally yesterday. This means these stocks remain steaming from yesterday’s closing and there is further upward price potential.

1 Feb 2011 9.10am
Ok, bought your shares at the best buy price

1 Feb 2011 10.30am
- Monitor the regional market to make sure Shanghai, Hong Kong, Tokyo and Korea stock markets are all steaming

- Monitor your steaming stocks to make sure the BQ continues to exceed SQ by a widen margin

- The Price has gone up by 1 tick. But because everything look alright and steaming, we can safely give another 1 hour to “marinate” the stocks better

1 Feb 2011 11.25am
- Lunch time in about 1 hour.

- Sell Stock A with $500 profit and Stock B with $60 loss brokerage loss because there’s no price change. Be satisfy with the net profit of $440 and do not risk your net profit with next half session.

- Enjoy the rest of the day off

6. The End

Make sure you do some charity with the profits you have earned. Remember you can lose money but never lose your confidence

My very first post on this blog.

2011-10-12T20:48:00.001-07:00

Hello all,

If you come across in this blog, yeah, you just won a first prize!

Just kidding. The purpose of this blog is to keep track of my own KLSE Trading. I started trading since Feb 2011 and I am here to write down all my trading history. I got inspired by the bloggers who writes about stocks and stuff, and I think I would love to do the same too. At least I can treat this medium as my history and learn on what mistake I have done.

So stay tune for more!