Gen SP

A blogger friend asked me to guess on gen sp next move as he knew gen sp had been my 'flown away cooked duck' stock for quite sometime.
During Jan 2010, Gen sp formed a double top which shown trend confirmation upon the broken neck @1.22, then again on 21/01/2010 made a suicide dive with great volume.

This trend show some subtle similarity as the current trend.
Double top was formed as it failed the resistance level=SD 2.15
If the trend continues to dive & the break the support sd 1.85, mayb history of the Jan 2010 trend shall repeat.

As for now, i will not be hoping into Gen sp wagon.
Few things that came across my mind which might pull down the current price:

1) Double top formation
2) The paling takut is what if 'the right issue' thing pops out again, usually when the price is goreng high enough, mayb the director will pops out the 'right'...takut..


Anyway, if she break 2.15 with great confidence as she did @13/08/2010 with great volume +gap up, then it something to celebrate about.

That's for time being.

Thanks.

i expected the head & shoulder formation on djia somewhere around end of april 2010 ,similar as the klci.

SEll on may & go away.I repeated to myself many times and to surrounding friend too.

in fact during world cup session, many traders switch fund to socceer betting.

i see these comings, but what action i had made?

Sadly, i failed to heed.

KLCI seems to imitate the djia move, but on slower beat, in which we can say djia lead the klci .

On 6/7/2010, djia shouder seems bottoming with the reversal hammer as well as the RSI curving up.

Stay tune.

World cup is coming to the end, mayb it's time to rally again.

But beware of trap!!!

The wrong path i had taken (我走过的错路）

First of all, sorry for posting many discouraging article in this blog.
I can't contribute winning ways, so all i can offer is only the wrong roads i had gone tru so that readers can avoid ( if there is any).

1) PN17 jail break
Buy on rumours, sell on fact. Much easy as it sounds, yet to put it in action is a challenge in real life.
Insiders are aware of the release before the media knows it.
The insiders cronies & families & friends have been collecting it since, and waiting for the very moment to throw the staked stocks they have on your face.
The moment will best be the day it's annouce the PN17 release.
Don't chase when the news is out. This reminds me on the Time where i was hit hard.

Instead, why not buy when the comp is catogorized in PN17 group.
On that day, big volume will be dump out.
People will be throwing prices.
That the moment to get good bargain, but bear in mind as collectible item.
Hold for some time, not for contra.



2) rights issue, OR
Upon annouce rights, share will drop.
after that, up & dwn, swingging till ex date.
Near ex date, will drp...then rebound
If can't monitor closely, why take such risk?
Again, learn from MRCB-OR



3) abc, 123
Indicating all those warrants, zai zai...( as a close blogger friend call them)
Big gains vs huge loss.
Penny ctr might award you with handsome gain, yet it may rob your entire investment under your nose.
All babies should be tally or slight different with the mother share if you would like to give a try.
Take note on the expiry date.
Any babies below 90 days should be avoided.
For the dare devil, below 30 days will have some dead cat rebound.Dont greed, small gain is a sell call itself.
This type will need to go for bulk trading & fast non-greed type.
Do keep track on the mother & babies chart.

Example: affin-wc, gens-xx, knm-cb

4) Avoid contra & margin
Unless you had master the trading skill & has superior control over your emotion.
Or else, pls avoid contra & margin...as it can wipe out all your gain in 1 time or worse left you debt-ridden.
i am lucky to be 'afford' to lose the contra trades.
Cut away my Maxis, dnp.
All blue chip i have exchanged with this 'no-contra' lesson.

That's all for now.
Hope less wrong path down the road.

BJtoto

Got bjtoto-cf on hand.

Planned to sell at 0.165/0.175

bjtoto-cf right now tally with the mm.

Bjtoto RL= 4.48/4.50/4.56

A deadly blow

It has been a losing streak in trading for the past two weeks.
The amount lost was sufficient to take away a big chunk of my leftover confidence.
i began to think trading life is really harsh on me.
Any rules that i set & broken,immediate punishment was seen.
Any out track was whipped.
No escape, no excuse.
No even 'if' exist in my trading path, or more precisely i am out of luck.

Affin-wc

In brief:
4/06/2010 Entered @0.04 x 50 lots ( TP was set on 0.045~0.05)

7/06/2010 TP reached, greed devil took over. Change TP.

9/06/2010. Affin-wc touched 0.02 SL. (Average down @0.025 x 100 lots)

10/06/2010. Affin-wc broken 0.02SL.( Average down @0.015 x 100 lots.)

14/06/2010.Affin-wc touched 0.005 lowest & rebounded to 0.02RL. ( Q @ 0.005 x 750lots.Undone)

16/06/2010. Many q on buyers 0.005, no matter how i queue, couldnt get.

i sold 10 lots at 0.005, to lure more sellers to me as i knew i was racing against time.

18/06/2010.Affin-wc maintain on 0.005. (Average down @0.005 for 750 lots. Got after few days q)Hope to re-sell in 0.01 to breakeven all.

Buyers seem to be pulling out minutes before lunch.
Out of sudden no buyers on quoue.
The mother price was blocked at 3.10 ( stike price).
Last trading day is on 21/06/2010.Meaning 1more trading day.



Thoughts:
Seen on chart 0.04 is SL. Touch support buy, break support cut.
Yet another rules gone against.
Now stuck with 990 lots.
Greed & the feel of 'ngm kam guan' to lose, finally beat me flat to ground.
Never predict or hope, follow & ride with the trend.
When the trend ask u to cut, must cut.
On 18/06/2010, i nearly lost my concentration in work, mind just couldnt focus.
bad signs as a emotional trader.
I am having problems controlling my own emotion.
Phew...monday will q to sell at 0.005, or else burn my rm10k.
wish me luck...thanks.