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Stockcham
Elite |
28-Apr-2013 15:43
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Bro iluvboost, I can understand about the emotion thing. You are not alone. Many peoples made the same mistake too and that includes me. As we get older, this emotion thing will reduce but cannot go away. That's a saying called High Risk High Return. Pennies are high risk stocks but the returns are much better then blue chips. In fact, it depends on oneself investing strategies. If you are investing for long term and don t want so high risk, then blue chip is suitable. Need a lot of discipline and patience  when playing pennies. It is easy to say then do. Also need a lot of time. Cut loss is the most important thing one has to master. I totally agree with you that the trading platform is not advance enough. I do encounter the same problem as you in TTI. When it touches 0.20, it drop extremely fast together with GSH. I used PEOMS to trade. The so called " protection against keying wrongly" in fact is a problem when the counter drop fast. If I'm not wrong, I need to key in my buy/sell orders within the 5 pips from the price I click initially. If more than 5 pips, another box will pop up to tell us to key in again to confirm. Somemore got to key in password. Actually once we log on POEMS, no need to key in password again. No pop up within 10 pips. The poems should also  have an option of  100lots, 200lots, 300lots, 500lots and so on.  In the event that we want to sell fast, all we need to do is to click on either the buy/sell price, then on the option of e.g. 200lots, and confirm. That will be faster. |
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uncleemperor
Member |
28-Apr-2013 12:55
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anyone got advice on jiutianC? I bought some on Thursday, planning to contra, got a bad feeling about this counter despite the good results | ||||
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dingbat
Senior |
28-Apr-2013 11:56
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I feel your loss. Similar thing happened to me during WE surge, no cut loss function hence got burnt big time.  Could be  the same BB's playing Lorenzo since they have same MO.  I expect Lorenzo to surge again soon to suck in players then plunge suddenly. Let's see .( Not vested and definitely not a call to vest as these BB's appear to be using a more advance and faster   platform to hide and execute orders.) | ||||
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iluvboost
Master |
27-Apr-2013 11:05
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Lorenzo, i let emotions run over during the morning chase, lost 10k in 10min, fingers cannot keep up, trading platform not advanced enough, afternoon, manage to recoup, overall lost 6k plus SGD... basically my contel gains of 7k negated with this.. overall slight loss playing pennies for the last 2 mths. was having a good record playing blue chips since last year.
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Stockcham
Elite |
27-Apr-2013 08:56
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Bro novice trader, you can make back the losses next time. Don't worry so much and just enjoy your weekend! Anyway, nobody knows how it is going to move on Monday. Just like Bro xin9999, he managed to recover his losses when Lorenzo moves up against most peoples expectation. Another option is that you can give yourself a cut off price. If it touch the price then you cut. Honestly, I'm quite worrying on giving advice. I don't feel good if after you cut and it chiong again.Just see how it goes on Monday and check whether there is any buying power. My advice is that when you decided to chiong in a counter, always give yourself a cut off price if it doesn't move according to your expectation. Let's say you give yourself 3 pips below your buy price before you cut, the most you loss 3 pips. If it move up, you can make more than that. In a long run, I think that is safer. | ||||
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novice_trader
Elite |
26-Apr-2013 22:26
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Thanks bro Stockcham.
Really bad timing and holding on to few hundred lots at 0.109. Will see how it goes on Monday.
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Stockcham
Elite |
26-Apr-2013 22:20
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bro iluvboost, a few hundred lots at one go is consider big for Jubilee! For Jubilee, it is common to see buy sell queue of less than 100 lots, some more with a few pips apart between buy and sell.  If you see 1000 lots sell queue, this can be call a wall.  If 2000-3000 lots, it can be consider as Great Wall  of China. Therefore,  every counter has different so called 'characteristic.  If this counter is Contel, then this few hundreds is nothing. As for CNA, I noticed it yesterday. When I saw it, it has already come down from 157 at 153. Because it doesn't close high or 1-2 pips below high, I didn't buy. Didn't expect it to climb so much  today. This morning i was not around. If I was, I would chiong in after it cross 157. Reallywasted. Today also doesn't close high but  seems like still got  power because still can chiong from 182 to 189.  It may go up one more day. Will monitor. Thanks bro.  Anyway, I may not buy  on Monday because I'll be going for overseas business trip from Tuesday onward for a week.  Good luck to you!.  |
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gavinl
Elite |
26-Apr-2013 20:35
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Think next week gonna be good bcos contra players will be exhausted n price going to be up till 0.085 max. Well, play safe a bit n sell for stressfree weekend. I actually bought some @ 71 to average down. Good luck.
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iluvboost
Master |
26-Apr-2013 20:28
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bro stockcham, check out CNA.
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iluvboost
Master |
26-Apr-2013 20:23
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had a look at Jubliee last 15min, saw 495 and 335, are these what u were refering to? not very big lots leh.  
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Stockcham
Elite |
26-Apr-2013 19:43
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Bro novice-trader, the chart does not give a very clear indication. Today retrace quite a number of pips from its high. Not only  that, someone sell down  big quantity at one go from 0.108 to 0.105. These 2 reasons doesn't point to any good.  It has broken support at 0.102 and will likely to go down to 0.092. Frankly, I don't really dare to advice you what to do because nobody knows what will happen. From the sign, I should say that the chance of going down is higher than going up. Previously 0.102 is the support, now it has become a resistance.  If I'm in your position, I would cut it if it happens to go  up to 0.101-0.102 in the early trade. If it doesn't goes up but instead go down, I think it is better to cut instead of waiting to see it drifting down to 0.092. Think this way. If it is going up, why does it closed so many pips away from its high today?. Pls don't blame if you cut and it rise. Bro, try Jubilee. I'm confident it will move soon looking at today's last 15 minutes trading pattern. Last 15 minutes shows someone eaten up quite a lot of quantity at 0.295. I  bought this counter a few days ago and will due on Monday. I bought again today at 0.295. Good luck! |
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novice_trader
Elite |
26-Apr-2013 19:05
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Hi bro Stockcham, any advice on GblYellowPgs? I bought high at 0.106, should I sell or hold to see how Mondays goes? | ||||
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Stockcham
Elite |
26-Apr-2013 18:46
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Bro ace333, sunlight looks like coming leh but no confirmation on the chart yet. Just now bought 0.74 and sell at 0.075. haha!  | ||||
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Stockcham
Elite |
26-Apr-2013 15:44
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GbLYellowPgs loss support at 0.102. Unless it goes back to 0.102, else next support is 0.092. We shall see. | ||||
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Stockcham
Elite |
26-Apr-2013 15:35
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Looks like Dukang coming! Monitor now! | ||||
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ace333
Supreme |
26-Apr-2013 15:10
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more sunlight coming? | ||||
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ace333
Supreme |
26-Apr-2013 15:09
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how u guys see sunlight? | ||||
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iluvboost
Master |
26-Apr-2013 14:32
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run first better. good choice. if u got special news go in at 85 this mrg, then song song.
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Stockcham
Elite |
26-Apr-2013 14:27
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I have cut. Looks more like unloading! | ||||
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iluvboost
Master |
26-Apr-2013 14:25
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drop to 103-104.
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