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another example, Tat Hong, 1.02 is resistance. once it broke, alot of retailer bot in and it went slightly higher. after that, gostan and went below this resistence level. i sold before it broke 1.02 resistance. after it broke, i didnt chase, even though the momentum in me tempted me to enter again.   i monitor it, see volume and other factors, then nah. negative. left it aside.   now its 980. u can see many pple stuck at above $1 for tat hong at some threads.

Another example is Noble. but i lazy to elaborate further already. different styles for different folks! most impt, earn $$$. 

 

Bro, like these two days most of the stocks plunge n most of us cut it, but some reverse back up n close Swee Swee today .. How do we detect this reverse as if the falling knife has hit a bottom n will bounce back up? Do we need to look at tick chart or wait till it seem not stablize at that price range or any other channel?

Simpsons      ( Date: 01-Oct-2013 23:38) Posted: Frankly, i like to bottom fish when market is bad and stocks downtrend but always very hard to move up and have to hold for very long..recently i understand that high can go higher and low can go lower.. when a stock break 52 weeks high, it can go higher and when a stock fall like a knife, never catch it..lol

 

So for your last part, are you referring to a particular stock start with m? Lol

iluvboost      ( Date: 01-Oct-2013 23:41) Posted: yeah i put a disclaimer, buy high,sell higher, works in a bull market. During the euphoria. when we are in volatile market, so it doesnt hold true. it will gostan. one forumer bot Rex at 94, near all time high of 95, then now its 885. Example 2, OKH, all time high 765. some guys bought at 755 on that day. momentum players will say buy buy buy , breaking all time high. then they buy at 755-760 when its hovering there. now is 745. The risk vs reward ratio of it going to 735 is higher than it revisiting 765 and beyond. (in a volatile market like now with the US debt ceiling)   I used to be more a momentum person during the Swiber, Kreuz and Dukang days, but after that i learned something out of it. I agree with your lecturer adage of high can go higher and low can go lower. Yes, its a possibility, but i do factor in risk.of course summing in BB inside , and various other factors.   High can go higher and it will stop. and reverse. same goes with low goes lower and reverse. the reversing process happens frequently in a volatile market, and/or profit taking.  Now i prefer spotting stock before breakouts. reason is it cant gostan much anymore cos its already at a boring support level that has no interest from speculative retailers. it has much higher chance to go up then go down.

 

yeah, thats why u got REX at 94..

spss1955      ( Date: 01-Oct-2013 23:34) Posted: Yes, agree with you, especially your 1st paragraph. Stockcham      ( Date: 01-Oct-2013 23:26) Posted: Bro, this one I don't quite agree. Buy when it hit all time high because there is no resistance. When a counter hit all time high, it can move faster n higher. If buy at support price, there are too many resistance to break n it takes a long time to go higher. When the price moves up, those peoples who are stuck at high previously are waiting to sell as the price move up. Now the question is how high is consider high. When Blumont is at ChinaEnv's price, is it high?. When it moves to OKH's price, is it high? . When it moves to REX's price, is it high?. In my opinion, when a counter hit all time high, there are lots of meat. During my TA class many years ago, the lecturer taught us....high can go higher & low can go lower. After years of trading, I fully agree with his statement n I hold this till today. My personal thoughts is that buy stocks with potential n at the same time BBs like it. Just my view...Huat ah

 

yeah i put a disclaimer, buy high,sell higher, works in a bull market. During the euphoria.

when we are in volatile market, so it doesnt hold true. it will gostan.
one forumer bot Rex at 94, near all time high of 95, then now its 885. Example 2, OKH, all time high 765. some guys bought at 755 on that day. momentum players will say buy buy buy , breaking all time high. then they buy at 755-760 when its hovering there. now is 745. The risk vs reward ratio of it going to 735 is higher than it revisiting 765 and beyond. (in a volatile market like now with the US debt ceiling)   I used to be more a momentum person during the Swiber, Kreuz and Dukang days, but after that i learned something out of it.

I agree with your lecturer adage of high can go higher and low can go lower. Yes, its a possibility, but i do factor in risk.of course summing in BB inside , and various other factors.   High can go higher and it will stop. and reverse. same goes with low goes lower and reverse. the reversing process happens frequently in a volatile market, and/or profit taking. 

Now i prefer spotting stock before breakouts. reason is it cant gostan much anymore cos its already at a boring support level that has no interest from speculative retailers. it has much higher chance to go up then go down.  

 

Agree ! Now mentally still unstable .. Not clear minded yet so will stay sideline till any green light signal...
Previously Cheong in thought beo zhun zhun already end up also buay zhun.. .. Sianz... Today saw so many recover but heed your adv n totally switch it off not to see, else later sure tempted...

Stockcham      ( Date: 01-Oct-2013 23:29) Posted: No more counter can think clearer. From now on when you buy must beo zhun zhun then buy. Don't chiong in any counter just because there is movement. Must learn from Bro joseeng! Huat ah! 71tltan      ( Date: 01-Oct-2013 23:06) Posted: Bro can hold hand liao , no more counter in hand , only scare like u say hanh itchy tomolo go buy again lo

 

Frankly, i like to bottom fish when market is bad and stocks downtrend but always very hard to move up and have to hold for very long..recently i understand that high can go higher and low can go lower..

when a stock break 52 weeks high, it can go higher and when a stock fall like a knife, never catch it..lol

 

Yes, agree with you, especially your 1st paragraph.

Stockcham      ( Date: 01-Oct-2013 23:26) Posted: Bro, this one I don't quite agree. Buy when it hit all time high because there is no resistance. When a counter hit all time high, it can move faster n higher. If buy at support price, there are too many resistance to break n it takes a long time to go higher. When the price moves up, those peoples who are stuck at high previously are waiting to sell as the price move up. Now the question is how high is consider high. When Blumont is at ChinaEnv's price, is it high?. When it moves to OKH's price, is it high? . When it moves to REX's price, is it high?. In my opinion, when a counter hit all time high, there are lots of meat. During my TA class many years ago, the lecturer taught us....high can go higher & low can go lower. After years of trading, I fully agree with his statement n I hold this till today. My personal thoughts is that buy stocks with potential n at the same time BBs like it. Just my view...Huat ah! iluvboost      ( Date: 01-Oct-2013 23:03) Posted: The adage, buy high, sell higher is often used in a bull market, suitable for momentum players, but i find it moderately risky, ie buying Chinaenv, Rex or OKH at high, yes its going higher...but the meat is little left. the risk of big dip is high. Buy on fear only hold true, if u buy at the bottom or at the U turn point, or the 2nd candle after the u turn point. if buy while its getting lower, its damn risky. buy when the bottom is reached...  ard afternoon i bought weiye ard 84 and GRP 380 when i see some market signals

 

No more counter can think clearer. From now on when you buy must beo zhun zhun then buy. Don't chiong in any counter just because there is movement. Must learn from Bro joseeng! Huat ah!

71tltan      ( Date: 01-Oct-2013 23:06) Posted: Bro can hold hand liao , no more counter in hand , only scare like u say hanh itchy tomolo go buy again lol Stockcham      ( Date: 01-Oct-2013 22:57) Posted: Lol.....what I mean is that peoples still think it will go up so keep holding on to it....lol Huat ah

 

Bro, this one I don't quite agree. Buy when it hit all time high because there is no resistance. When a counter hit all time high, it can move faster n higher. If buy at support price, there are too many resistance to break n it takes a long time to go higher. When the price moves up, those peoples who are stuck at high previously are waiting to sell as the price move up.

Now the question is how high is consider high. When Blumont is at ChinaEnv's price, is it high?. When it moves to OKH's price, is it high? . When it moves to REX's price, is it high?. In my opinion, when a counter hit all time high, there are lots of meat.

During my TA class many years ago, the lecturer taught us....high can go higher & low can go lower. After years of trading, I fully agree with his statement n I hold this till today.

My personal thoughts is that buy stocks with potential n at the same time BBs like it.

Just my view...Huat ah!

iluvboost      ( Date: 01-Oct-2013 23:03) Posted: The adage, buy high, sell higher is often used in a bull market, suitable for momentum players, but i find it moderately risky, ie buying Chinaenv, Rex or OKH at high, yes its going higher...but the meat is little left. the risk of big dip is high. Buy on fear only hold true, if u buy at the bottom or at the U turn point, or the 2nd candle after the u turn point. if buy while its getting lower, its damn risky. buy when the bottom is reached...  ard afternoon i bought weiye ard 84 and GRP 380 when i see some market signals. Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!

 

Bro novice, koh cek leow.. Theory exam.. Lol!

Stockcham      ( Date: 01-Oct-2013 23:06) Posted: Bro, you try to see the chart for these 2 counters and let me know your thoughts first. It has been many months already n I still can't see much improvement from you. You have to start to do your homework bro...lol. novice_trader      ( Date: 01-Oct-2013 21:38) Posted: Bro Stockcham, any advice on Asian mic and the fishy China Fish??? China Env had a roller coaster ride, wanted to buy at 0.53 but wasted no balls to buy, otherwise making profit in a Red Day... Huat ah!!!

 

Bro hope rebound and u huat ah gd luck

iluvboost      ( Date: 01-Oct-2013 23:12) Posted: i avg it...now my avg is around 390. planning my exit with neglible or zero loss...if market recover, this may rise beyond 415.

 

Bro u r gd minimise lose ,no like me win little always lose big big lol

 

i avg it...now my avg is around 390. planning my exit with neglible or zero loss...if market recover, this may rise beyond 415. 

 

Bro u brought GRP , today i cut liao , actually should cut yesterday once it break 390 support , i don know i say correct boh can correct it i wrong

iluvboost      ( Date: 01-Oct-2013 23:03) Posted: The adage, buy high, sell higher is often used in a bull market, suitable for momentum players, but i find it moderately risky, ie buying Chinaenv, Rex or OKH at high, yes its going higher...but the meat is little left. the risk of big dip is high. Buy on fear only hold true, if u buy at the bottom or at the U turn point, or the 2nd candle after the u turn point. if buy while its getting lower, its damn risky. buy when the bottom is reached...  ard afternoon i bought weiye ard 84 and GRP 380 when i see some market signals. Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!

 

Bro, you try to see the chart for these 2 counters and let me know your thoughts first. It has been many months already n I still can't see much improvement from you. You have to start to do your homework bro...lol.

novice_trader      ( Date: 01-Oct-2013 21:38) Posted: Bro Stockcham, any advice on Asian mic and the fishy China Fish??? China Env had a roller coaster ride, wanted to buy at 0.53 but wasted no balls to buy, otherwise making profit in a Red Day... Huat ah!!!

 

Bro can hold hand liao , no more counter in hand , only scare like u say hanh itchy tomolo go buy again lol

Stockcham      ( Date: 01-Oct-2013 22:57) Posted: Lol.....what I mean is that peoples still think it will go up so keep holding on to it....lol Huat ah! stockbabe      ( Date: 01-Oct-2013 22:54) Posted: Because the famous quote is 'buy on fear' when market down mah.. Lol!

 

Well said. Something to ponder on before going to bed. Bro/mulans rest and sleep well.Tomorrow will be challengeing. Be cautious in trading. HUAT Lah

Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!

 

Anyone watching Sysma? Only noticed it chiong late this afternoon and entered at 33. Wasn't sure at first whether can chiong higher, that's why didn't post immediately after I entered.

After dinner, studied the chart closely and found this. Saw a hammer on Fri and supported by 20 MA. Reversal trend confirmed on Mon when it opened and closed above Fri close. Then it shot up today. Resistance is 37.5. Think if opens tomorrow at 35/36, can enter some more. If it breaks resistance, the sky the limit.

This is my 1st attempt at reading the chart and stating my position. Any sifus in this thread are welcome to challenge and poke holes in it. That's part of my learning in this thread.

 

The adage, buy high, sell higher is often used in a bull market, suitable for momentum players, but i find it moderately risky, ie buying Chinaenv, Rex or OKH at high, yes its going higher...but the meat is little left. the risk of big dip is high.

Buy on fear only hold true, if u buy at the bottom or at the U turn point, or the 2nd candle after the u turn point. if buy while its getting lower, its damn risky. buy when the bottom is reached... 

ard afternoon i bought weiye ard 84 and GRP 380 when i see some market signals.

Stockcham      ( Date: 01-Oct-2013 22:51) Posted: I thought of something interesting. When market is good, peoples buy stocks because they think it will go up. When market go down, peoples still think it will go up. Something is wrong somewhere....lol. Huat ah!