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Stockcham
Elite |
01-Jun-2013 00:58
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Knowledge and experience is very important. Last time I loss a lot. So go and take remisier course to learn more. Managed to pass paper 1 & 2(last time need to take 2 papers). Apply for remisier job but was rejected by most of the broking houses. Of course, didn't become a remisier. Trading still no improvement, went to take up Technical Analysis course which cost me $3k. That's where I learn to see chart. Still loss money but loss less. After years of paying school fees trading, now I can feel the trading pattern. What I mean is that you can roughly know whether it is retailers buying or BBs buying, or any buying support. of course, it is not so easy to see sometimes. Learn through hard way man! Therefore, it is good to take up TA course if you are playing short term. Why TA is important?. Because many peoples use this including the BBs. That's why to always see Greatwall of China sell queue at resistance price and big buy queue at  support price. TA comprise of a few types of chart like Line chart or Japanese candlestick etc and work with Indicators like ROC, RSI, Volumn, MACD etc.  TA also include Fibonacci which also can use to determine the support and resistance price. I personally feel this is useful only during market crash. You see, so many things you can learn. Good to take up this course. It is hard to explain here. I have learn all but have returned many back to the teacher..lol. Now I only use Candlestick and volum indicator which I believe is sufficient. Even with this knowledge, you will still need to discipline yourself. Not easy because we have emotion. Sometimes too excited and chiong in without checking. I do that also...lol. I try to share with bros here so that you don't have to go through the  hard way like me. Of course, still have to pay school fees but pay less maybe. I'm not an expert. i'm learning each day. Like IPC, today's drop let me ponder and I realised may be because of one reason. Yes, it has support at 0.17 and at 0.167 because tested a few times. When I look at the chart again, before yesterday's gain, there were 3 red candles. Red candle mean open high close low. Green candle mean open low close high. So next time if I see this again, I will be very careful. You see, I'm learning every day. Now I want to share on what kind of stocks are good buy. Good buy doesn't mean go in straight and buy. Good buy mean that it will moves up soon maybe in a few days tiime. 1) Counters that hit support price 2) Counters that hit its high or all time high 3) Counters that chiong and halt with good news. After halt lifted, it either moves up or down. Whether moves up or down after halt,  I will wait for it  to take a rest. It will likely to move up again. 4) Counters which chiong a lot due to speculation and then drop a lot in a short period of time. It will rebound if drop a lot because peoples still interested in this counter. As mentioned earlier, I also anyhow chiong sometimes. What I do is when I spot a potential counter, I will keep it under my watchlist. I see them everyday. How to spot?. 1) When a counter suddenly moves a lot and top the volumn. 2) I will go to shareinvestor.com. Click on the PRICE under top volumn, then go page by page and see quiet counter suddenly moves up and got volumn. let's say a counter daily trade is 500 lots. Then suddenly moves a few pips up with 3000lots done. Then I will look at the chart. Sometimes you will ffind that they actually move up a few days liao and trying to test tis high. This mean that it is quietly moving up. if the traded volumn is already 30000 liao, then not so good because the run up  may be over liao. 3) Another way is to look at Top 30 Gainers in % term during trading hours. You can see what counters top the % gainer. See whether got volumn or not. Same as above, counter usually 500 lots now 3000 lots done in 2 hours. Then see chart again. If resistance price still far away, can try buy. Hope what I share is useful to all bros here. Sibei tired liao. Good luck and good night! |
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novice_trader
Elite |
01-Jun-2013 00:28
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Btw Halcyon ran up without ppl realizing... I chose Sinamaras instead... Wrong choice.
Any bros or sifus have any comments on Sinamaras or Kreuz??? |
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novice_trader
Elite |
01-Jun-2013 00:21
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Hi bro Stockcham, actually Viking when charging up the hill at opening but just that it changed course suddenly only, so u are still correct on Viking bro... How I wish I could spot potential counters??? Sometimes think holding too many counters is a mistake... Two is the best and most efficient, if market crash, too many counters = immediate Game Over if cannot cut lost fast enough.
Anyway lets hope things get better next week... Cheers Bro! 🍻
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librajet
Elite |
01-Jun-2013 00:08
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Bro Stockcham, I can feel the interest you have in CNA, just asking of your opinion of the sell down today, closing at the day low. | ||||
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Stockcham
Elite |
01-Jun-2013 00:06
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Haha Bro novice! You bought so many counters ah. You bought CNA at support price and Oakwell near support price of 0.076. As long as don't  into correction, you should make money. But of course, must expect the unexpected lah LOL. Hve a  cut off price in case it break suppoer. I like your vikings...LoL. I loss on that. Got trick this time. You see why I buy Viking. It was quiet all the while and suddenly got volumn and close high yesterday. Of course this time get caught, but I made quite a few times many pips because of this scenario.
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novice_trader
Elite |
31-May-2013 23:57
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Hi bro Stockcham, I have CNA (again buy at closing), Oakwell (buy to support you), Rowsely, Thai Bev, Sinamaras... Think today all dead.. For Viking I key as Short Sell at 0.92 wrongly instead of Buy and quickly faster withdrawn my Short Sell order, that was a mistake... Hehehe, otherwise I would make $$$ today in Viking. Hahaha. Expected the unexpected.., sounds familiar???
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Stockcham
Elite |
31-May-2013 23:57
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Paiseh bro, I don't know what is Market Depth. Kindly explain. Would want to learn that. :)
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novice_trader
Elite |
31-May-2013 23:49
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Hi bro SJ-Stomp, thanks for ur honest advice bro. To be honest, I use to invest like what is said in the investment book, buy and hold, ignore the noises, buy dividend stocks, buy blue chips...... but still lose $$$ bcoz wait and wait durian nv come... But instead make more $$$ in penny stocks but still lost $$$ bcoz lacks of discipline especially when time to cut lost, that is the main important reason why lose $ always. I like to wait wait pray for rebound, pray for miracle, in the end still must cut the neck loose then realized lost many $k. Think most of the bros and Sis here in Share Junction are working FT and trading or punting as a passion or making $$$. For me, it's the thrill... Although I have sustain a big amount of losses, I still trade as a passion and also hoping to make back my losses...
Cheers to all bro! Huat Ah to all!
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Stockcham
Elite |
31-May-2013 23:46
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Hard to say bro. it may move in a tight range between 0.107 - 0.115 for a while. 3 times hit 0.107 and 2 times hit 0.108 then rebound. Resistancce at 0.115, 0.119 and 0.121. As long as it can break 0.121, it will chiong. Frankly, I believe it will break soon as long as the market don't go into correction. But really, can't tell whether is it next week because market starts to look softt. Why I say soft. Quite a number of counter chiong but can't close high. Profit taking comes in very fast.
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novice_trader
Elite |
31-May-2013 23:28
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Thanks bro Stockcham on sharing ur knowledge and advice... Enjoying reading ur post always... Think I have PM u today and the question I ask u in the PM is the answered by ur reply below... Hahaha. I always presume many Sell queues then Buy queues as a indictaion that it will go up... but sometimes goes opposite direction... Thanks bro! Huat Ah!!!
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Stockcham
Elite |
31-May-2013 23:27
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Bro, I don't know much about fundamental of a company because I have no time to read it. I play contra so this is not so important  to me. From what I see, CNA have potential to move up further. You will make money for this counter soon. As for Sitra, it went up from low to more than 0.10 and then drop back to its original. Fundamently I don't think it is good. But the chart show that it is trending up. This Sitra is fully controlled counter which mean buy sell queue may belong to the BBs. So it depend whether they want to push it or not. Trading has been active for the past 2 days. I think BBs will push up this counter again. You may want to share what price you bought for these 2 counters. Good luck bro! |
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novice_trader
Elite |
31-May-2013 23:21
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Bro ace333, I need to learn a lot on Shorting from u if possible... CNA I long also died, short make $$$ at first but the sudden loop up killed me. Cannot escape in time. How to we decide when to escape the short? I lost a few $k in both long and short... Crazy right. But in Polaris I find it easier becoz I know once it shoot up to the limit whereby the Sell queue disappears and long Buy queue appear, I quickly short it and wait to it goes back to the price near its opening price... But those like CNA hard leh, died in there 3 times in shorting... Any advice Shorting Sifu Ace333???
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novice_trader
Elite |
31-May-2013 23:14
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I use market depth analysis now. Last time only use time sales or gut feeling... hahaha. It helps me trade better but still u need to monitor it as the sell or buy queue are fakes sometimes to trap people. At least u know how deep the water is...
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novice_trader
Elite |
31-May-2013 23:11
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STI please go up on Monday... We have too many Sea of Red lately. Otherwise bcome Sell in June and Go Away Liao...
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novice_trader
Elite |
31-May-2013 23:09
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jie1313
Member |
31-May-2013 23:03
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Stockcham, tks alot for sharing ur knowledge. What do u look at as an indicator for price movement then? Wow, i wonder how many months or years of trading would i need to understand most things..
I hope that we will cross path in person or be it in arrangement.. i owe and would love to treat u to a nice meal! |
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h0ly0wl
Senior |
31-May-2013 22:50
Yells: "Huat Big Big!" |
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Then what's more accurate? Market depth? 
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sk6666
Veteran |
31-May-2013 22:40
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Hi! Bro Stockcham, you think wehldg got chance to mov up next week? I am still hldg some. Thanks. | ||||
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Stockcham
Elite |
31-May-2013 22:35
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Bro jie1313, this is not a stupid question. Nobody knows everything.  I'm trying to understand your question. Anyway, Many " S" doesn't necessary mean the price will go up and up. This is not accurate. Take for  example... Queue Buy at 1.00 is 500 lots and Queue Sell at 1.005 is 5000lots. If many peoples starts to buy up 1.005, it will show many " S" . So the buying goes until 1.005 left 1000lots. Then suddenly someone throw out 1000lots out at 1.00. It will beomes 0.995-1.00. It moves down instead of  up. Besides that, it is common for BBs to buy their own lots. This is not a good indication of price movement. Times & Sales not accurate one. Hope you understand what I mean.
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tea444u
Master |
31-May-2013 22:34
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i think like u said CNA got hope...but sitra i dont know much about...you must haf read up about it? there must have been stg good that made you buy friend?
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