The first thing i sold in the morning was sumatec. the counter opened at 0.375, taking 0.38 as the sellers keep piling up. The warrant was unchanged. when i see that they started to sell at 0.375, I sold it there as well. it went down to 0.37 and done a little at 0.365. at 9.30am, it came back up strongly to 0.38 and within half an hour, it went to 0.39 while its warrant went to 0.225. at closing, sumatec was last done at 0.385 and its warrant went to negative at 0.205. KNM started at 0.475 unchanged but went past 0.47 within half an hour. i waited for it to roll over and sold it at 0.47 at 2.40pm.
Konsort went to 1.33 at 10am but came back down to 1.30 until after 10.30am. from there, it went to 1.36and stayed there for lunch. after lunch it went to 1.38 but came back down to 1.35. near market closing, it started to move up where i bought 7.4 lots at 1.36 and queued 12.6 lots there. my colleague started to take a block at 1.37 and another at 1.38 where i bought 2.6 lots at 1.38 to round it up to 10 lots. at the closing, it threw 2 lots at 1.36 to me and closed at that price. MPHBcap was another counter that went up today it went up to 1.53 and mingled there till around 12pm. it then went to 1.57 and stayed there for the whole day. at closing, it came back down to 1.54. due to the fact that this is a newly listed counter and it was traded at its new high, i expect it to go further within a short period of time and i bought 10 lots at the closing price. Coastal came down from the high of 3.15 2 weeks ago to its lowest yesterday after a strong ran up. it closed at 2.35 yesterday where my colleague bought 45 lots there. it jumped up today opening at 2.56 and went straight up to 2.71 at 10.30am. it then stayed at 2.69 to close for lunch. at 3pm, it went to 2.71 and at 4pm, went to a high of 2.76. it closed at 2.74 where i queued 10 lots but done only 4.6.
MNC went to negative from 0.29 to 0.245 in the morning but regained all the losses at 2.30pm. it then went straight to 2.35 where i hesitated to buy it. i was right. after consecutively cleaning up the sellers at 0.33 and 0.335 for 3pm, it was clear the it has no intention to move higher from there. it is just interested in selling all its stocks there. it closed at 0.325. Kinstel was active since yesterday where it moved all the way up to 0.34, an increase of 0.035, but a high of 0.35 was done earlier. the counter moves slowly and that does not interest me. GOB opened negative at early morning but regained its losses after 10am. right before lunch, it went straight to 0.89. i did not bother to look at the counter as i knew it just wanted to roll out its stocks with little intention to move higher as its highest price transacted was 0.935. the counter will have to move past 0.91 as there are many resistance at that level. I was again right. it came back down at closing to close 0.865. Muhibah continued it uptrend after a sell down recently to high of 2.72 achieved before 10.30am. it stayed there until 4.20pm giving impression that it will continue its up move. the counter went up from 0.80 from a few months earlier. at closing, it went straight down to 2.63 closing. puncak was also rebounded after heavy selling from top of 2.80 to close at 2.45 yesterday. my colleague bought 50 lots at closing. in the morning, it rebounded to high of 2.54 but closed at 2.51. tomorrow, its free warrants will be listed. MYEG was also another counter that rebounded today after heavy sell off this week. it was traded at a high of 2.30 but came down to 1.87 yesterday. at 10am, it rebounded to 1.97 high but closed at 1.95.
Thursday, July 25, 2013
Wednesday, July 24, 2013
24 July 2013
Patience is important in stock market which is what i learned from today's trading. there are plenty of stocks that look good for trading but the real money that can be made is from the counters that run up near to the closing session. Besides patience, one also needs to be decisive especially in selling stocks. never hesitate to take profit and especially cutting loss.
In the morning, sersol opened 2 bids above yesterday's closing price. I did not hesitate to sell it there and keyed in before market opened. all sold at the highest price of the day. it mingled around 0.4 but went down sharply at 10am to lowest of 0.33. at 3pm, it jumped from negative back to 0.415 but retreated shortly back to close at 0.375. TDM opened 0.02 down at 0.95 and went to the low of 0.935. it came back up to 0.96 but retreated to low of 0.925. after 3pm, it ran up sharply from 0.94 straight to 0.98 in less than a minute. it then went up to 0.99 where my colleague bought 50 lots. after it touched 1.0, a few more of my colleagues bought additional 100 lots at 0.995. it went to 0.98 at 4.30pm and again to 0.975, which is unchanged. it mingled there but closed at 0.97 where my colleagues sold all their shares. 20 minutes before closing, sumatec came up from 0.325 to 0.335 where i started to monitor the counter, while the warrant went to 0.18. i bought 50 lots of sumatec at 0.345 and it steadily went up to close at 0.365. the warrant was strong and closed at 0.21. the counter's previous high was 0.35while the warrant's was 0.18. lastly, i bought knm at 0.475, just 0.01 above yesterday's closing. my colleague saw the counter earlier and suggested that it hasn't moved yet. i saw the queuing of buyers and sellers at around the price i bought. the volume was also decent at 3000 over lots traded. I hope they will push up the counter soon but even if they don't i will not be losing so much of my capital. Redtone started the day at 0.68 while its warrant opened at 0.54. it went up to 0.805 right before lunch and stayed there while its warrant went to 0.565 at lunch time. at 4pm, the counter went to 0.85 where i bought 20 lots to try out. it went down to 0.84 at closing where i sold my shares. its warrant was traded at the high of 0.59 but closed at 0.58.
kinstel was quite strong in the morning after news that the company won a contract. it went from 0.28 straight up to 0.325 highest. it did not move much after that and came down to close at 0.305. ILB was also strong today. it went to 1.85 early in the morning and stayed there till lunch. at 3pm, it steadily went to high of 1.92 but closed at 1.9. the counter i missed from yesterday was brahim. it went up 0.10 yesterday but early in the morning today, it went to negative at lowest of 1.08. at 10am, it went up to 1.16 at lunch time. after lunch, it ran up again to 1.23 but closed lower at 1.17.
In the morning, sersol opened 2 bids above yesterday's closing price. I did not hesitate to sell it there and keyed in before market opened. all sold at the highest price of the day. it mingled around 0.4 but went down sharply at 10am to lowest of 0.33. at 3pm, it jumped from negative back to 0.415 but retreated shortly back to close at 0.375. TDM opened 0.02 down at 0.95 and went to the low of 0.935. it came back up to 0.96 but retreated to low of 0.925. after 3pm, it ran up sharply from 0.94 straight to 0.98 in less than a minute. it then went up to 0.99 where my colleague bought 50 lots. after it touched 1.0, a few more of my colleagues bought additional 100 lots at 0.995. it went to 0.98 at 4.30pm and again to 0.975, which is unchanged. it mingled there but closed at 0.97 where my colleagues sold all their shares. 20 minutes before closing, sumatec came up from 0.325 to 0.335 where i started to monitor the counter, while the warrant went to 0.18. i bought 50 lots of sumatec at 0.345 and it steadily went up to close at 0.365. the warrant was strong and closed at 0.21. the counter's previous high was 0.35while the warrant's was 0.18. lastly, i bought knm at 0.475, just 0.01 above yesterday's closing. my colleague saw the counter earlier and suggested that it hasn't moved yet. i saw the queuing of buyers and sellers at around the price i bought. the volume was also decent at 3000 over lots traded. I hope they will push up the counter soon but even if they don't i will not be losing so much of my capital. Redtone started the day at 0.68 while its warrant opened at 0.54. it went up to 0.805 right before lunch and stayed there while its warrant went to 0.565 at lunch time. at 4pm, the counter went to 0.85 where i bought 20 lots to try out. it went down to 0.84 at closing where i sold my shares. its warrant was traded at the high of 0.59 but closed at 0.58.
kinstel was quite strong in the morning after news that the company won a contract. it went from 0.28 straight up to 0.325 highest. it did not move much after that and came down to close at 0.305. ILB was also strong today. it went to 1.85 early in the morning and stayed there till lunch. at 3pm, it steadily went to high of 1.92 but closed at 1.9. the counter i missed from yesterday was brahim. it went up 0.10 yesterday but early in the morning today, it went to negative at lowest of 1.08. at 10am, it went up to 1.16 at lunch time. after lunch, it ran up again to 1.23 but closed lower at 1.17.
Tuesday, July 23, 2013
23 July 2013
Lesson for today, one major mistake of all speculators is to enrich themselves in too short a time. Instead of taking two or three years to make 500% on their capital, they try to do it in two or three months. Now and then they succeed. But such traders will not be able to sustain their profit. this is because it is unhealthy money, rolling in rapidly, and stopping for but a short visit. Speculators in such instances loses his sense of balance. He says: "If i can make 500% on my capital in two months, think what i will do in the next two! I will make a fortune". Such speculators are never satisfied. They continue to shoot the works until somewhere a cog slips, something happens, something drastic, unforeseen and devastating. Businessmen opening a shop or a store would not expect to make over 25% on their first investment the first year. Speculators should make speculation a business and run it on business principles. A speculator should make it a rule if he is fortunate enough to double his original capital he should at once at once take one-half of his profits and lock this sum up in a safe deposit box.
Afujiya was the new counter listed today. the listing price was 0.60 and it opened at 0.645 and went up to 0.665 highest. it the dropped back to 0.64 and mingled at 0.63 in the whole day but closed at 0.62. Trading was a little quiet in the first half of the day with the exception of sersol and its warrant. Sersol went up to the high of 36 yesterday before closing at 0.345. it opened at 0.335 before running up to 0.37 before 10am and 0.41 at lunch break. after lunch, it continued its upward push to hit a high of 0.495 at 3.40pm. when it was issued a UMA by bursa at 3.50pm, it started to press the price down after 4pm. During the closing minutes of trading, it went to as low as 0.38 but regained some losses and started to move up above 0.40. I bought 30lots at 0.395 but it went down again to 0.385 but it quickly regained upward momentum and close at 0.41. its warrant's movement and momentum mirrored its mother's and move from the low of 0.25 to a high of 0.4 but closed at 0.31. The other counter that was fiercely traded was tdm. The counter went to a high of 0.88 last week but stayed near its high for the past few trading days. at 3pm, i noticed the counter move but at day's high of 0.87 and at 0.875, my colleague bought 110 lots. it mingled there where 2 big block of stocks were waiting to be sold at 0.88 and 0.885. my computer went down for a moment and while i was fixing it, the large block of stocks at 0.88 were taken in one shot. the block at 0.885 were also taken after a minute or two and the to 0.89 but the price then came back down to 0.88 where i hesitated a little. it then went up again to 0.89 where my colleague sold his block there. shortly after 3pm, it went up to 0.90 and within 30 minutes, it went to high of 0.94. after sersol was issued UMA, the whole market calmed down and many stock prices came down together with selsol. tdm also pushed down perhaps by the operators to scare off some traders to sell their shares. my colleagues sense opportunity and bought some shares at 0.915 at its lowest retreat while some at 0,92. it went up to 0.93 and closed strongly at 0.975. Amprop had some momentum since yesterday but it regained the uptrend today. it went to its high of 0.885 at 10.15am today but came back down to close at 0.87, up merely 0.035. Kheesan was also strong today but without much volume. it went to 0.52 at 10am but retreated to 0.51 for lunch. after lunch, it went up to 0.54 at 4pm but retreated back to 0.52 to close 0.05 above yesterday's closing price.
Afujiya was the new counter listed today. the listing price was 0.60 and it opened at 0.645 and went up to 0.665 highest. it the dropped back to 0.64 and mingled at 0.63 in the whole day but closed at 0.62. Trading was a little quiet in the first half of the day with the exception of sersol and its warrant. Sersol went up to the high of 36 yesterday before closing at 0.345. it opened at 0.335 before running up to 0.37 before 10am and 0.41 at lunch break. after lunch, it continued its upward push to hit a high of 0.495 at 3.40pm. when it was issued a UMA by bursa at 3.50pm, it started to press the price down after 4pm. During the closing minutes of trading, it went to as low as 0.38 but regained some losses and started to move up above 0.40. I bought 30lots at 0.395 but it went down again to 0.385 but it quickly regained upward momentum and close at 0.41. its warrant's movement and momentum mirrored its mother's and move from the low of 0.25 to a high of 0.4 but closed at 0.31. The other counter that was fiercely traded was tdm. The counter went to a high of 0.88 last week but stayed near its high for the past few trading days. at 3pm, i noticed the counter move but at day's high of 0.87 and at 0.875, my colleague bought 110 lots. it mingled there where 2 big block of stocks were waiting to be sold at 0.88 and 0.885. my computer went down for a moment and while i was fixing it, the large block of stocks at 0.88 were taken in one shot. the block at 0.885 were also taken after a minute or two and the to 0.89 but the price then came back down to 0.88 where i hesitated a little. it then went up again to 0.89 where my colleague sold his block there. shortly after 3pm, it went up to 0.90 and within 30 minutes, it went to high of 0.94. after sersol was issued UMA, the whole market calmed down and many stock prices came down together with selsol. tdm also pushed down perhaps by the operators to scare off some traders to sell their shares. my colleagues sense opportunity and bought some shares at 0.915 at its lowest retreat while some at 0,92. it went up to 0.93 and closed strongly at 0.975. Amprop had some momentum since yesterday but it regained the uptrend today. it went to its high of 0.885 at 10.15am today but came back down to close at 0.87, up merely 0.035. Kheesan was also strong today but without much volume. it went to 0.52 at 10am but retreated to 0.51 for lunch. after lunch, it went up to 0.54 at 4pm but retreated back to 0.52 to close 0.05 above yesterday's closing price.
Monday, July 22, 2013
22 July 2013
Stocks that do not advance to new high after a rebound from recent sell off is a sign that it will go down further. Cliq and Thheavy are examples of this. I thought Cliq will follow through from 0.70 to its high of 0.85. it went up from 0.715 sharply to 0.768 2 trading days ago and i recommended a friend of mine to buy it. How wrong was I. Same goes to thheavy where my colleagues were so excited about on friday evening although this counter was at the highest price recently. It didn't move up further was a sign that the counter wasn't intended to move inline with our thought. Cliq closed 0.74 lowest 0.725 while its warrant closed at 0.435, while thheavy closed at 0.91 and its warrant 0.48.
As I had planned, I sold off Redtone warrant first thing when market opened keying in 100lots sell order right before it opens and got done at 0.56. another 50lots were sold at the same price after I see that it does not have strength to move up. after a large block of purchasing queued at 0.555 was neutralised, I did not hesitate to sell my remaining shares there. Next, I turned my attention to TMCLife as there were not much buyers and it was unchanged after 10 over minutes. I sold 30lots there and followed by another 20 lots. It then went up to 0.425 and at that moment, I realised i will definitely be made to regret. Indeed, it went smoothly to o.44 right before lunch. It went up steadily to close at 0.46. I bought scomies at 9.15am after seeing my colleague bought the shares and was hopeful that he has news about the counter. He purchased it at 0.885 after it opened at 0.02 above the previous closing price of 0.865. it rolled to 0.895 where I bought 30 lots which proved to be wrong once again. It came down from there to 0.88. I sold 10 lots at that price. Shortly after that, it went straight to 0.87 without volume. After lunch, I sold all at 0.865. My last trade was the sale of uems. It stayed at 3.07 for much of the morning before going up to 3.11. I thought it would go further but was wrong. it went down after my colleague bought 35 lots at 3.10 to 3.07. i sold my 10 lots there. It stayed there for a while before went up to close at 3.10.
earlier in the morning, mjperak went up from 0.38 to 0.40 where my colleague bought 50 lots. it went further to 0.415 where he sold his shares. it stayed at 0.42 until right before lunch. after it broke 0.425, my colleague again reentered the counter but it did not move much from there. Right after lunch, it ran up to 0.445 where another colleague of mine entered 50lots. from there, it came down to 0.43 but rolled up again to 0.445. about 1 hour before market closed, it retreated to 0.43 and closed at 0.42. Inari went up strongly in the morning to 0.92 after opening at 0.87. it stayed there until after lunch where it moved further up to 0.94 where my colleague entered. it didn't move further up after that and closed at 0.92. Cuscapi stayed at 0.43 for the whole day but went up to 0.44 where it broke the previous high of 0.435 at 3pm. my colleague engaged the counter by entering 100lots there. it did not bulge and stayed there till closing. the other counter worth noting is prkcorp where it ran up 0.20 in the morning to stay at 2.80 the whole morning. after lunch, it went sharply to 2.99 at 3pm before coming down to close at 2.88.
As I had planned, I sold off Redtone warrant first thing when market opened keying in 100lots sell order right before it opens and got done at 0.56. another 50lots were sold at the same price after I see that it does not have strength to move up. after a large block of purchasing queued at 0.555 was neutralised, I did not hesitate to sell my remaining shares there. Next, I turned my attention to TMCLife as there were not much buyers and it was unchanged after 10 over minutes. I sold 30lots there and followed by another 20 lots. It then went up to 0.425 and at that moment, I realised i will definitely be made to regret. Indeed, it went smoothly to o.44 right before lunch. It went up steadily to close at 0.46. I bought scomies at 9.15am after seeing my colleague bought the shares and was hopeful that he has news about the counter. He purchased it at 0.885 after it opened at 0.02 above the previous closing price of 0.865. it rolled to 0.895 where I bought 30 lots which proved to be wrong once again. It came down from there to 0.88. I sold 10 lots at that price. Shortly after that, it went straight to 0.87 without volume. After lunch, I sold all at 0.865. My last trade was the sale of uems. It stayed at 3.07 for much of the morning before going up to 3.11. I thought it would go further but was wrong. it went down after my colleague bought 35 lots at 3.10 to 3.07. i sold my 10 lots there. It stayed there for a while before went up to close at 3.10.
earlier in the morning, mjperak went up from 0.38 to 0.40 where my colleague bought 50 lots. it went further to 0.415 where he sold his shares. it stayed at 0.42 until right before lunch. after it broke 0.425, my colleague again reentered the counter but it did not move much from there. Right after lunch, it ran up to 0.445 where another colleague of mine entered 50lots. from there, it came down to 0.43 but rolled up again to 0.445. about 1 hour before market closed, it retreated to 0.43 and closed at 0.42. Inari went up strongly in the morning to 0.92 after opening at 0.87. it stayed there until after lunch where it moved further up to 0.94 where my colleague entered. it didn't move further up after that and closed at 0.92. Cuscapi stayed at 0.43 for the whole day but went up to 0.44 where it broke the previous high of 0.435 at 3pm. my colleague engaged the counter by entering 100lots there. it did not bulge and stayed there till closing. the other counter worth noting is prkcorp where it ran up 0.20 in the morning to stay at 2.80 the whole morning. after lunch, it went sharply to 2.99 at 3pm before coming down to close at 2.88.
Saturday, July 20, 2013
19 July 2013
Fishing is a constant reminder of humility and human frailty for all men are equal before fishes - Herbert Hoover. This goes the same with stocks. Lesson for today is never think you are too smart to make mistake or will never be wrong in your judgement. This adage is equally applied to the advice you get from experts. The differences between the experts and the non are the experience they have that separates them with the rest and also their willingness to cut losses or follow others when they are wrong.
The day started with keying in to sell tmclife by queuing in to sell at 0.435. I keyed in before anyone does and in hope they will take some of my portions when they try to push the stock into positive territory. I was wrong and the most they did was unchanged at 0.43. I should have sold it there and save the frustration of having to monitor the counter. It cleared the buy queuing at 0.43 and steadily went to 0.42 till closing. I then sold maybulk at 1.87 when I see it didn't have strength to go any further. It is a wise decision as it went down to 1.81. Redtone was sold at 0.785 where the highest it went to was 0.79. The warrant was sold at 0.53. They went a few cents down from there till closing. The stocks that I held was Malton and its warrant until late afternoon. Malton went to 0.92 and I was hesitant to sell hoping it would run up in the evening. It didn't touch above the level and went further to unchanged before I sold them there. warrant didn't reach unchanged at 0.44 as stayed steadily at 0.445. the mother share went up after my sale to 0.91 and its warrant followed through to 0.45. right before lunch, it was flimsy and i sold all my shares in the warrant at 0.445.
In the morning, my mind was kept occupied by Uems and I thought they will shift their attention to uems after tebrau dropped from yesterday's high. I was wrong. It went to 1.15 in the morning and some of my colleagues bought at 1.14. I did not hesitate to buy 10 lots there. it went down from there to close at 1.06. This is one of the worst mistake to make and to enter so early with too much to hope for. another mistake was going into thheavy. I knew this counter will be difficult to engage in but believing in my colleague who are confident it will move up with a news in the weekend, I was also tempted to try 50 lots at 0.965, day's high where some of them went in. it went earlier after lunch to that level and i hesitated to enter before it came down to 0.95. it went up again after that before i moved in with my other colleagues. it was proven wrong and it went down to 0.95 where i bargained another 60 lots. it then went down further to 0.945 where i sold them there. in the closing moment, just like yesterday, a new hope emerged with redtone ran up in almost straight line and I went in 50 lots of its warrant at 0,535. i was hesitant to enter the mother which at that time was 0.785. after that, it went to 0.8 while the warrant moved to 0.55 where i entered another 50 lots. in the closing, i moved in another 100 lots to make it above the minimum requirement for half of the commission.
Yesterday's trading wasn't profit as expected. with commissions included, i still lose 100. it is therefore important to buy above the requirement to reduce the commission so that trading can be easily turn to profit. To do that, i have to learn to focus and make razor sharp decisions. one of the counters that are good which i missed today was ytlpower. It went up 0.06 but due to the history of the counter, I dare not engage in it. Sersol was the other counter that worth mention. It wentup 0.02 to 0.30 without me noticing it. my colleague who is sharper bought 100 lots and it went straight to 0.325 where he sold it. Another strong counter was Encorp as it went up 0.20 today. it came up without volume in the morning to 0.82 where my colleague bought 20 lots. it doesn't have buyer and went down to 0.76 before lunch where he sold them there. after 3pm, it steadily came back up where another colleague started to accumulate at 0.82. it is difficult to do as it does not have much volume. I was hesitant to move in as the counter does not have much support. it went to a high of 0.90 and closed there. A&M was the other that grabbed some attention today. my colleague saw that counter and noticed it was at its all time high at 1.17. he bought it there. it went to close at 1.2.
Monday, I will have to first sell redtone warrant, hopefully at profit. It it is as good as this morning, where it opened jump bid, I can wait a little longer. if it doesn't or even move into negative, io will sell it all lightning fast. i hope uems will move up to 1.10 before i can cut losses. in any event it drop further, i will sell it also. same goes to tmclife.
The day started with keying in to sell tmclife by queuing in to sell at 0.435. I keyed in before anyone does and in hope they will take some of my portions when they try to push the stock into positive territory. I was wrong and the most they did was unchanged at 0.43. I should have sold it there and save the frustration of having to monitor the counter. It cleared the buy queuing at 0.43 and steadily went to 0.42 till closing. I then sold maybulk at 1.87 when I see it didn't have strength to go any further. It is a wise decision as it went down to 1.81. Redtone was sold at 0.785 where the highest it went to was 0.79. The warrant was sold at 0.53. They went a few cents down from there till closing. The stocks that I held was Malton and its warrant until late afternoon. Malton went to 0.92 and I was hesitant to sell hoping it would run up in the evening. It didn't touch above the level and went further to unchanged before I sold them there. warrant didn't reach unchanged at 0.44 as stayed steadily at 0.445. the mother share went up after my sale to 0.91 and its warrant followed through to 0.45. right before lunch, it was flimsy and i sold all my shares in the warrant at 0.445.
In the morning, my mind was kept occupied by Uems and I thought they will shift their attention to uems after tebrau dropped from yesterday's high. I was wrong. It went to 1.15 in the morning and some of my colleagues bought at 1.14. I did not hesitate to buy 10 lots there. it went down from there to close at 1.06. This is one of the worst mistake to make and to enter so early with too much to hope for. another mistake was going into thheavy. I knew this counter will be difficult to engage in but believing in my colleague who are confident it will move up with a news in the weekend, I was also tempted to try 50 lots at 0.965, day's high where some of them went in. it went earlier after lunch to that level and i hesitated to enter before it came down to 0.95. it went up again after that before i moved in with my other colleagues. it was proven wrong and it went down to 0.95 where i bargained another 60 lots. it then went down further to 0.945 where i sold them there. in the closing moment, just like yesterday, a new hope emerged with redtone ran up in almost straight line and I went in 50 lots of its warrant at 0,535. i was hesitant to enter the mother which at that time was 0.785. after that, it went to 0.8 while the warrant moved to 0.55 where i entered another 50 lots. in the closing, i moved in another 100 lots to make it above the minimum requirement for half of the commission.
Yesterday's trading wasn't profit as expected. with commissions included, i still lose 100. it is therefore important to buy above the requirement to reduce the commission so that trading can be easily turn to profit. To do that, i have to learn to focus and make razor sharp decisions. one of the counters that are good which i missed today was ytlpower. It went up 0.06 but due to the history of the counter, I dare not engage in it. Sersol was the other counter that worth mention. It wentup 0.02 to 0.30 without me noticing it. my colleague who is sharper bought 100 lots and it went straight to 0.325 where he sold it. Another strong counter was Encorp as it went up 0.20 today. it came up without volume in the morning to 0.82 where my colleague bought 20 lots. it doesn't have buyer and went down to 0.76 before lunch where he sold them there. after 3pm, it steadily came back up where another colleague started to accumulate at 0.82. it is difficult to do as it does not have much volume. I was hesitant to move in as the counter does not have much support. it went to a high of 0.90 and closed there. A&M was the other that grabbed some attention today. my colleague saw that counter and noticed it was at its all time high at 1.17. he bought it there. it went to close at 1.2.
Monday, I will have to first sell redtone warrant, hopefully at profit. It it is as good as this morning, where it opened jump bid, I can wait a little longer. if it doesn't or even move into negative, io will sell it all lightning fast. i hope uems will move up to 1.10 before i can cut losses. in any event it drop further, i will sell it also. same goes to tmclife.
Thursday, July 18, 2013
18 July 2013
Yesterday losses was over 1000, most of which is due to my mistake. I have to learn to preserve profit and don't take unnecessarily risk. Lesson today is that once you have accumulated losses, your confidence will be shattered and without confidence, you will not make profit. it is a cycle. when you make consistent profit, you will be more focus and accurate in your decision making. after chopping all the counters this morning, i came to know that my profit was only a few hundred, not enough to cover the losses. therefore, it is important to note that in not too bullish market, it is not easy to make profit and you have to be extra careful, not accumulate too much losses and take profit however small it is. during bad market where trading is impossible, it is best to stay away. go crazy only during bullish market where many counters will run up in the hour before market closes.
It was another example of volatility in the morning but quiet in the evening today. It started with hectic selling as 2 of the counters I bought yesterday went red. Those are big counters above 1.0. Without hesitation, I keyed in Perdana sell 1.96 in the opening which it done at 1.97, while i keyed warrant sell at 0.92 in the opening which was done at 0.935. the counter did not move to positive territory in the whole morning and the price i sold was the highest in the day. Muhibah was also in the red and i keyed in 2.46 at the opening. it went down to 2.44 but quickly went up to 2.48. I waited for it to go up to turn positive but it didn't. I then sold all of it at 2.47. I then turned my attention to chopping cliq and cliq warrant. the mother i sold at 0.775 after it dropped from 0.785 because I wanted to sell it at positive territory and another bid down will be unchanged. I sold its warrant at 0.49. The warrant stayed around 0.48 until later in the evening which it ran up to 0.51 although the mother didn't move and stayed 0.01 above yesterday's closing price. the warrant came down to close at 0.495. Lastly, I sold TDM at 0.855 after waited for 30minutes. It went up further to 0.875 in the evening but not as fierce as it did yesterday
The counter that won the most attention in the morning today was Sumatec. It ran up after few minutes of opening bell up to 0.30. My colleagues went in at that price, and it did come down to 0.295 briefly before settling at 0.305. some of my colleagues sold their shares there. it went up again to 0.34 and stayed there till after 10am. Its warrant went to 0.16 where a large block of shares were queued by my colleague's client to sell. after about an hour, the shares were all taken up and it went steadily to 0.18 while the mother stayed at 0.34 where i bought the mother at the closing price. The other counter that went up in the morning was Malton. it has been staying at 0.83 level for over few weeks after it came down from 0.97. I bought 30 lots at 0.88 of the shares and 50 lots of its warrant at 0.43. the mother stayed between 0.89 and 0.90 for the rest of the day while its warrant stayed at 0.44 and 0.45 level. I bought another 20 lots of malton at 0.895 later in the afternoon after seeing its upward strength. It didn't move far above that level after that. TMClife came to life at around 12 noon where it went up to 0.435. My colleague went in at 0.425 but i was hesitant to play this counter as i knew it was a tricky one. I was right. it came down to 0.415, 0.42 but went up shortly to 0.435. i couldn't comtrol my excitement and went in 50 lots at that price which proves as a mistake. it went down to 0.425 and stayed there till it closed at 0.43. Maybulk went up in the morning quietly and slowly to 1.78. I did not notice it until after lunch. it turned aggressive after that and went straight to 1.83 but came down to 1.80 where i tried to pick up 10 lots. I was slow and missed it. it stayed at 1.81 to 1.83 for about an hour before going up to 1.86 but came back down to 1.84 where i bought 10 lots. it hovered around 1.83 before closing at 1.85. Redtone stayed still at 0.74 in the whole morning. i monitored the stock but not interested in it. right after lunch, it went to 0.75 where i heard news that it will go to 1.0. i did not believe the news but keep a watchful eye on the counter. it ran up during the closing where it closed at 0.765 which i bought 30 lots. the warrant i bought earlier at 0.505 after seeing the mother moves but it stayed there. it closed at 0.51.
strong counter that i missed today was tebrau. it went from negative territory at 1.46 to close at 1.53. I wasn't interested in tebrau but was watching the leader of the pack uems,which proves to be a mistake. uems did not move this time but tebrau did. next i have to keep an eye on uems. the group is active now.
It was another example of volatility in the morning but quiet in the evening today. It started with hectic selling as 2 of the counters I bought yesterday went red. Those are big counters above 1.0. Without hesitation, I keyed in Perdana sell 1.96 in the opening which it done at 1.97, while i keyed warrant sell at 0.92 in the opening which was done at 0.935. the counter did not move to positive territory in the whole morning and the price i sold was the highest in the day. Muhibah was also in the red and i keyed in 2.46 at the opening. it went down to 2.44 but quickly went up to 2.48. I waited for it to go up to turn positive but it didn't. I then sold all of it at 2.47. I then turned my attention to chopping cliq and cliq warrant. the mother i sold at 0.775 after it dropped from 0.785 because I wanted to sell it at positive territory and another bid down will be unchanged. I sold its warrant at 0.49. The warrant stayed around 0.48 until later in the evening which it ran up to 0.51 although the mother didn't move and stayed 0.01 above yesterday's closing price. the warrant came down to close at 0.495. Lastly, I sold TDM at 0.855 after waited for 30minutes. It went up further to 0.875 in the evening but not as fierce as it did yesterday
The counter that won the most attention in the morning today was Sumatec. It ran up after few minutes of opening bell up to 0.30. My colleagues went in at that price, and it did come down to 0.295 briefly before settling at 0.305. some of my colleagues sold their shares there. it went up again to 0.34 and stayed there till after 10am. Its warrant went to 0.16 where a large block of shares were queued by my colleague's client to sell. after about an hour, the shares were all taken up and it went steadily to 0.18 while the mother stayed at 0.34 where i bought the mother at the closing price. The other counter that went up in the morning was Malton. it has been staying at 0.83 level for over few weeks after it came down from 0.97. I bought 30 lots at 0.88 of the shares and 50 lots of its warrant at 0.43. the mother stayed between 0.89 and 0.90 for the rest of the day while its warrant stayed at 0.44 and 0.45 level. I bought another 20 lots of malton at 0.895 later in the afternoon after seeing its upward strength. It didn't move far above that level after that. TMClife came to life at around 12 noon where it went up to 0.435. My colleague went in at 0.425 but i was hesitant to play this counter as i knew it was a tricky one. I was right. it came down to 0.415, 0.42 but went up shortly to 0.435. i couldn't comtrol my excitement and went in 50 lots at that price which proves as a mistake. it went down to 0.425 and stayed there till it closed at 0.43. Maybulk went up in the morning quietly and slowly to 1.78. I did not notice it until after lunch. it turned aggressive after that and went straight to 1.83 but came down to 1.80 where i tried to pick up 10 lots. I was slow and missed it. it stayed at 1.81 to 1.83 for about an hour before going up to 1.86 but came back down to 1.84 where i bought 10 lots. it hovered around 1.83 before closing at 1.85. Redtone stayed still at 0.74 in the whole morning. i monitored the stock but not interested in it. right after lunch, it went to 0.75 where i heard news that it will go to 1.0. i did not believe the news but keep a watchful eye on the counter. it ran up during the closing where it closed at 0.765 which i bought 30 lots. the warrant i bought earlier at 0.505 after seeing the mother moves but it stayed there. it closed at 0.51.
strong counter that i missed today was tebrau. it went from negative territory at 1.46 to close at 1.53. I wasn't interested in tebrau but was watching the leader of the pack uems,which proves to be a mistake. uems did not move this time but tebrau did. next i have to keep an eye on uems. the group is active now.
Wednesday, July 17, 2013
17 July 2013
Got a shock this morning after I discovered my losses were 1400 instead of a profit or a slight loss of a few hundred. never expected it to go this big after i gained profit from Puncak. Anyway, lesson today is never hold counters leftover and wait for it to rebound. If there is a chance, sell them all clean. this will avoid you from getting distracted by looking at the counter and lose focus on up and coming ones. Another lesson is to avoid getting lured by volatility of the counters in the morning unless you are sure it is quite certain to go higher after you heard a news about it. If you have to enter a counter in the morning, make sure you sell it instantly and not wait for profit to run or its rebound. Most of them will drop back in the evening after they lose steam and new counters with strength will jump up at that time. Last lesson for today is to contain losses. It is important to count the losses by counters and if in a few consecutive days or a few consecutive counters of trading were in losses, you have to stop trading to gain back your confidence and your focus. This is most likely a sign of bad market. never be too hard headed on losses and never take risks in bad market. After settling down and some time to cool yourself, start all over again as if you have not made profit at all previously, from zero. this is to ensure you will not take too much risks, accumulate profit and minimise losses. Treat profit as your monthly income and losses as drainage to your savings.
From yesterday's purchases, Gadang as expected did pretty well. It flew past 1.0 which I sold the first 10 lots at 0.995 and another 10 lots remaining at 1.0 after it dropped from the high of 1.02. it stayed at 1.0 for the whole morning before coming down to 0.99 but rebounded to a high of 1.04 before retreating to close at 1.02. I did not enter the counter again as I wanted to because it is not strong in its upward movement and also I was distracted by a few stronger counters today. Sycal did a little better than I expected because it rolled up to 0.37 for me to sell. It did not move in the opening but after 10 minutes or so, it inches up to the level and i sold them all. sendai was worse than i predicted as it did not follow the trend of puncak which I expected it to be. It opened at 1.67 which i sold all my 10 lots after which it rebounded to 1.74 but retrieved thereafter back to negative territory.
The counter that I least favoured was Muhibah which ran up just like puncak the previous day. it went up 0.20 to 2.46 in the morning but retreated to 2.33 at around 11am before going back up to 2.40 level holding there till late evening. in the late evening it ran up again to new high of 2.47 before closing AT 2.49. i entered 10 lots at the closing price. In the morning, Perdana came up from negative territory of 1.91 to breach 2.0, a level never breached before. it stayed there for a short moment wehre my colleague entered 30 lots at that price. it then went up straight to 2.04 where the warrant reached 0.915. I bought 10 lots of warrant. it then went up to high of 0.94, following the mother share which hit 2.10. My colleague bought another 20 lots at 2.05 but sold them all at 2.09. from there, it came down to 2.05 while the warrant hovered at 0.92. In the evening around 4.30pm, the mother share started to move up back to 2.09 where i again entered 10 lots around 0.93. The mother share then retreated to 2.05 at the closing moment where i stopped purchasing the warrant. i then bought another 10 lots at 0.92 when the mother hit the low of 2.05 before pr- market closing. the mother closed back up 2.09 after pre-market opens where i bought 10 lots. A mistake was made with Engtex warrant when my colleague alerted me to the mother share which traded at 1.30. the warrant went to a high of 0.455 with huge volume at first page. After it retreated to 0.435, it again went back up to 0.445 . I bargained 50 lots when it retreated to 0.44. from that price, it went down to 0.43 where i sold 30 lots and waited 20 lots for its rebound, another mistake made twice in 2 days, yesterday with TAS. It went to 0.425 and stayed there for a while. it rebounded back to 0.435 where i hesitated for a while but queued all the remaining at that price. it did not take any of my shares but went straight down to 0.425. i then cancelled the queuing and tried to sell the balance but due to the problem with the system, i was not able to sell my shares. It stated i have insufficient shares to sell. after triple checks, I called the IT guy which rectified the problem but the price has gone down to 0.42 which I sold off all the remaining there. It closed at that price.
A colleague of mine alerted me to TDM right after lunch when it only traded up 0.01 with 2000 lots done. I dismissed the counter as I thought it is a tough counter to play with. I was wrong,. It went up to 0.08 within minutes and at that time, attracted attention of many people. some of my colleagues entered at 0.80 which it then retreated back to 0.795 where some sold them back. after a brief while at 0.08, it went straight up fiercely to 0.84 but retreated back to 0.835. few of my colleagues entered at that price and I hesitated after it ran up so ferociously. I put a buy price at 0.84 which it breached and bought 50 lots. I sold 20 lots when it retreated to 0.835 but reentered again 50 lots at 0.845 where many of my colleagues entered at that price as well. it reached 0.85 but did not get past the price. it came back down to 0.84 where some of them sold their shares but i hold on to it till the closing. It closed at 0.835 where I sold 50 lots. Cliq and the warrant went up ferociously in the closing minutes during a time which i got distracted when i was helping my colleague. I was looking at the counter for a few days already in my portfolio. It was holding at 0.705 price for a while. when I finish with my duty, I saw the price at 0.755 which it went up bu 0.025. I quickly bought 50 lots and it went straight up to 0.76 before pre-market closing. It closed at 0.77. The warrant went straight up to close at 0.48 from 0.46 at pre-market where i also bought 50 lots at the closing.
The counters I missed purchasing yesterday was Inari which it went to high of 0.48 slowly, with little volume. it closed down in negative territory right before closing for lunch. THHeavy, just like its usual trait, sinks to negative before pulling up 0.02 highest but retreated to negativity at closing. I will not make much from this counter if I bought yesterday. Handal stayed at 0.66 for the early morning before running up above 0.70 to 0.71 where my colleague entered at 0.695. I was tempted to enter but due to the timing as it was too early, I did not. I was right, it came back down to 0.695 where he sold all his shares there. TAS continued up from yesterday but due to the way they push the counter, I have no confidence in it, which may be a wrong decision. I saw the counter at 0.64 where it inches up slowly to 0.655 where my colleague started to accumulate and it closed at 0.67.
From yesterday's purchases, Gadang as expected did pretty well. It flew past 1.0 which I sold the first 10 lots at 0.995 and another 10 lots remaining at 1.0 after it dropped from the high of 1.02. it stayed at 1.0 for the whole morning before coming down to 0.99 but rebounded to a high of 1.04 before retreating to close at 1.02. I did not enter the counter again as I wanted to because it is not strong in its upward movement and also I was distracted by a few stronger counters today. Sycal did a little better than I expected because it rolled up to 0.37 for me to sell. It did not move in the opening but after 10 minutes or so, it inches up to the level and i sold them all. sendai was worse than i predicted as it did not follow the trend of puncak which I expected it to be. It opened at 1.67 which i sold all my 10 lots after which it rebounded to 1.74 but retrieved thereafter back to negative territory.
The counter that I least favoured was Muhibah which ran up just like puncak the previous day. it went up 0.20 to 2.46 in the morning but retreated to 2.33 at around 11am before going back up to 2.40 level holding there till late evening. in the late evening it ran up again to new high of 2.47 before closing AT 2.49. i entered 10 lots at the closing price. In the morning, Perdana came up from negative territory of 1.91 to breach 2.0, a level never breached before. it stayed there for a short moment wehre my colleague entered 30 lots at that price. it then went up straight to 2.04 where the warrant reached 0.915. I bought 10 lots of warrant. it then went up to high of 0.94, following the mother share which hit 2.10. My colleague bought another 20 lots at 2.05 but sold them all at 2.09. from there, it came down to 2.05 while the warrant hovered at 0.92. In the evening around 4.30pm, the mother share started to move up back to 2.09 where i again entered 10 lots around 0.93. The mother share then retreated to 2.05 at the closing moment where i stopped purchasing the warrant. i then bought another 10 lots at 0.92 when the mother hit the low of 2.05 before pr- market closing. the mother closed back up 2.09 after pre-market opens where i bought 10 lots. A mistake was made with Engtex warrant when my colleague alerted me to the mother share which traded at 1.30. the warrant went to a high of 0.455 with huge volume at first page. After it retreated to 0.435, it again went back up to 0.445 . I bargained 50 lots when it retreated to 0.44. from that price, it went down to 0.43 where i sold 30 lots and waited 20 lots for its rebound, another mistake made twice in 2 days, yesterday with TAS. It went to 0.425 and stayed there for a while. it rebounded back to 0.435 where i hesitated for a while but queued all the remaining at that price. it did not take any of my shares but went straight down to 0.425. i then cancelled the queuing and tried to sell the balance but due to the problem with the system, i was not able to sell my shares. It stated i have insufficient shares to sell. after triple checks, I called the IT guy which rectified the problem but the price has gone down to 0.42 which I sold off all the remaining there. It closed at that price.
A colleague of mine alerted me to TDM right after lunch when it only traded up 0.01 with 2000 lots done. I dismissed the counter as I thought it is a tough counter to play with. I was wrong,. It went up to 0.08 within minutes and at that time, attracted attention of many people. some of my colleagues entered at 0.80 which it then retreated back to 0.795 where some sold them back. after a brief while at 0.08, it went straight up fiercely to 0.84 but retreated back to 0.835. few of my colleagues entered at that price and I hesitated after it ran up so ferociously. I put a buy price at 0.84 which it breached and bought 50 lots. I sold 20 lots when it retreated to 0.835 but reentered again 50 lots at 0.845 where many of my colleagues entered at that price as well. it reached 0.85 but did not get past the price. it came back down to 0.84 where some of them sold their shares but i hold on to it till the closing. It closed at 0.835 where I sold 50 lots. Cliq and the warrant went up ferociously in the closing minutes during a time which i got distracted when i was helping my colleague. I was looking at the counter for a few days already in my portfolio. It was holding at 0.705 price for a while. when I finish with my duty, I saw the price at 0.755 which it went up bu 0.025. I quickly bought 50 lots and it went straight up to 0.76 before pre-market closing. It closed at 0.77. The warrant went straight up to close at 0.48 from 0.46 at pre-market where i also bought 50 lots at the closing.
The counters I missed purchasing yesterday was Inari which it went to high of 0.48 slowly, with little volume. it closed down in negative territory right before closing for lunch. THHeavy, just like its usual trait, sinks to negative before pulling up 0.02 highest but retreated to negativity at closing. I will not make much from this counter if I bought yesterday. Handal stayed at 0.66 for the early morning before running up above 0.70 to 0.71 where my colleague entered at 0.695. I was tempted to enter but due to the timing as it was too early, I did not. I was right, it came back down to 0.695 where he sold all his shares there. TAS continued up from yesterday but due to the way they push the counter, I have no confidence in it, which may be a wrong decision. I saw the counter at 0.64 where it inches up slowly to 0.655 where my colleague started to accumulate and it closed at 0.67.
Subscribe to:
Posts (Atom)