Share Trading is not so simple.... as you think using tools to predict. It is much much more complicated than you think. Sigh

Hahaha...    

Be extremely wary of predators lurking n prowling in the forum to catch its prey.

Dun be the sacrificial blind lamb n be its hearty meal.

Be wise, nobody owe us a living, dun fall prey to their insiduous agenda,  do not follow blindly, we must do our own homework, plan our trade n trade our plan, set our stop-loss n let profit runs till observed reversal candles n sign.

Well noted. Thanks richtan.

I did a TA on candlestick for Unifber (vested blindly) & posted my comment there. Possible if you could let me know your point of view and also on my TA.

I m heartened tat u are making some progress but just a word of caution tat we must not just look at one or 2 indicators, particularly as macd, stoch, sma n ema are all lagging indicators, so to be ahead of the flock, we must look for leading indicators such as candlestick interpretation, dun believe, take a look at the candlestick chart n u will notice tat the candles had already turned up a few days ago prior to all these lagging indicators.

Anyway, congrats to u n keep it up.

It is my earnest hope to see your TA analysis in the near future as well as more forumers posting more value-added posting for the benefit of all forumers n to exchange pointers, be it Elliot wave (not my preference as it is too much complex), candlestick (my preference as it is more simple to interpret n once u understand it, it is as if the candlestick is talking to u).

Hi naka88,

I can understand the position u are in now, i was there b4, listening n buying based on rumours n tips when I started out n losing a lot of money, hurt my pockets n tat was a wake up call to me n I swear from then onwards not to listen to rumours n tips, started to hunt for books on trading as I realised there is no easy way out as nobody owe us a living n so kind as to give us tips except to find guinea pigs.

Bcos I had gone thru the school of hard knocks, thus why I swear to be the guiding light to newbies to go by the right path n not be mislead by those evil forumers lurking in this forum for their prey n also in the process, accumulate good karma for myself n my next generation.

Those who do evil by misleading post just for their selfish insidous personal gain at the expense of others, causing them misery will accumulate thenselves bad karma.

U are right tat this crisis is an opportune time which only happens a few times in our lifetime as bulls n bears go in cycles which can last a few years.

From your posting, I can sense tat u are serious about making money from trading, but 1st n foremost, u must learn the ropes of the trade, arm yourself with FA n TA knowledge, remember, learn how to fish n u can fish n feed yourself forever.

My advise, do a search under my username as I had recommended a few good TA books n "Free Tutorial on TA" websites n advice to newbies

I always like to remind newbies to remember these 2 mantras:

(1) Plan your trade (study the chart) n trade your plan (dun get emotional, be mechanical, set your stop-loss point n when hit, dun hesitate to sell).

(2) "Cut losses short n let profit runs with trailing stops", dun be to eager to take profit till u spotted reversal sign, reason being we need to make as much as we can to cover all those losses n  make net real profit.

Btw, I would sincerely appreciate tat forumers give me a fair rating based on wat they perceived from my posting as a motivation to me.