Horse, you and Hng makes it seem so easy. I've been trying to catch one of those counters but just don't have the knack to hook them. Dare not chase them for fear of being burn. Burnt many times already. Wonder how you guys do it. Mind sharing?
Anonymous, are you trading through remisier or online ? This kind of intraday trade only apply to online and must have luxury of time as well. Online trade provide lower brokerage, that is why a small bid would enough to earn you some money, if you can repeat it daily, then the profit will be quite extensive..
Yes, I do online trade but Maybank charges 0.42% and 0.15% for online and day trade respectively. So far, lately I've the luxury of monitoring the trade full time, haven't succeed in doing a single day trade even though I am monitoring Tenaga, Maybank, Commerce, Resort and Sime.
Hi FattChoy, We are getting 0.1% for intraday & 0.42% for normal trade. 0.05% lower than your brokerage but i think different is not much but it does matter when you buy in volume for day trade unless you can;t get rid of your holding within same day. Frankly, no matter the charges is 0.1% or 0.15%, you still able to make money for every bid jump. i.e buy Bursa at 5.05 and sell 5.10 both charge make the same amount, only proceed that over 12K will see some different there. Probably, what you can do, setup a table for all price range from penny stock to big cap. i.e penny stock, you buy KNM for 0.40c and every single bid jump is 0.005c, u need to know how much to buy (quantity) in order to have profit for every single bid jump. Tabulate out for all range like, $1 to $2.99, $3 to $4.98, $5 to $9.95 & etc... Then from here you will be able to know how much you can absord for each trade base on your capital but remember only limit yourself to BlueChip stocks, even you get stuck also no worry, just keep them for longterm, after all BlueChip will surely never die.
Another example, let say i bought Resorts 5,000units @ $2.21. I know i needed 2c in order to make money, thus, my selling price will be at 2.23 or more, if i can't dispose same day, which mean i need to raise my selling price to $2.24 to make money, if i can sell it within contra i will do it without hesitating, if can't just keep for longterm and maybe apply cost averaging later. The next thing is when to execute a buy ?? many may ask.... can't really tell you how.. i don;t know either. hng has done it even single day, he methods may worth considering and study. hng, probably you may want to share some here of course no obligation. Many reasons trigger a buy, market sentiment, price is low enough, fluctuate within the same range for long, low PE, liquitity, high volume, unusually big drop more than 10% & etc... As for me, i limit myself to bluechip, price is right, understand the counter well and it pattern, buy only during weakness, counter is > 8% drop.
Hi Horse, I did make a P&L calculator in Excel, after reading one of your reply to another reader recently. I just key in the number of lots and the price and it will list the P&L for the diff. commission rate and also each step of the price range, whether penny or big caps. Pretty handy. Yes, I see the rationale in buying Blue Chips but sometimes they failed too. I bought Tenaga at 6.50 and she plump down to below 6.00, Maybank at 6.00 and she went down to below 5.00. Then I read some analyst report and news saying this counter is not worth buying and I lost faith and sold. But lately, Tenaga and Maybank seems to be coming back up, or maybe it's because of window dressing. Guess one must have faith in oneself. Analyst are full of shit sometimes.
Tenaga at 6.5 should be easily reachable if you willing to keep for long. Who will not use electric ?? will this counter go bankrupt ?? very unlikely right, why bother seling it ? just wait for the cow come home, you will get it sooner or later unless you needed money badly, then no choice. Analyst only reports based on thier finding at that moment of time, if they recommend sell we will just wait for the right time to pick, if they recommend buy when will just watch & see. stick to your own principle and trade experience, once you are skillful, you trade without fear...
i am placing my order for TM at 3.02 now, you may want to follow but at your own risk. Remember one thing don't chase after a stock when it surge, do it the other way round. AND be patient you either get it or leave it.
Just make intraday contra on Sime. bought at 5.20, sold at 5.25.
Horse, you have rightly given a good example.
For every single entry, thorough consideration and homework is necessary, such as trading range, support levels, volume. volatility and dividend yield. For daytrade, consider degree of profit margin and trading pattern of the stock. If trade blueship, safety net will be if get stuck, keep for longer term or derive income from dividend payout. Finally, we must think of how to exit and make profit, dare to try to initiate trading and gain experience, either loss/profit is good lesson to be leart and improve stock pick skill and avoid mistake. Staggering your capital in order to limit any losses. Never fall in love with any stock, as volume are readily available. Cut losses if necessary and switch to other promising stock to avoid any opputurnity cost.
Learn my lesson now, but it's already too late. Have a lot of junks in my portfolio, the buy and hold mentality, which is why I lost faith. Just don't want to risk holding some more stocks and emptying my bullets. Not much left now.
How to execute a buy? Interesting. Would be great if Hng could share his wisdom also. I've seen opportunities come and go. End result, I didn't trade. Why? I don't know myself. Fear factor or hoping for lower lows and miss the train, I guess.
Yes, I'm game. Q for TM now. If succeed sell two steps up. Don't worry, my risk. Only need someone who have a better grasp of market possibility to show the way.
In current bearish market, buy and hold no longer applicable. Stay current will be better strategy. Never hold too many stocks in portfolio, if in forseeable future, stock that stuck is expected poor perform and unlikely to recoup cost, better cut loss and restart again. I know trim lost is painful and may hurt confidence in stock market. Nevertheless, instead of keep sit on paper loss, bulit up your experience now is better option and suit yourself in current volatile and bearish market. Never try to trade against market sentiment and should learn to accept stock price.
Try to spend more time to understand oneself behaviour in trading. Intitate first with small capital and testing response, find out your niche and comfortable zone.
was cancelling my orders cause it is to near to closing. otherwise would have gotten my MAYBANK at $5.10...wait till Friday and see. Happy New Year & Best Wishes to all.
Bought IOI corp at 3.66 and just sold off at 3.72. Watching closely on palm oil player now! Crude oil may rebound further and serve as catalyst for palm oil
27 comments:
Trading resume normal trading at 10.30am. Make contra on Sime (bought at 5.10-5.15; sold at 5.25)
Seem like Sime is your favorite.. :)
Make another intraday contra on Maybank. bought at 5.20, sold at 5.25.
Sold previous HLbank at 5.15 (cost at 5.05).
Sime; Maybank; Bursa; Commerce; HLbank and TNB are at bargain price and within certain range, allowing easy swing trading.
"Sime; Maybank; Bursa; Commerce; HLbank and TNB are at bargain price and within certain range, allowing easy swing trading."
Agree with that but don't seem to have interest on HLB anymore, too slow. I was queuing 5.15 on Maybank but didn't matched.
Horse, you and Hng makes it seem so easy. I've been trying to catch one of those counters but just don't have the knack to hook them. Dare not chase them for fear of being burn. Burnt many times already. Wonder how you guys do it. Mind sharing?
Anonymous,
are you trading through remisier or online ?
This kind of intraday trade only apply to online and must have luxury of time as well. Online trade provide lower brokerage, that is why a small bid would enough to earn you some money, if you can repeat it daily, then the profit will be quite extensive..
Ask hng how he trades. I admire him as well.. :)
Yes, I do online trade but Maybank charges 0.42% and 0.15% for online and day trade respectively. So far, lately I've the luxury of monitoring the trade full time, haven't succeed in doing a single day trade even though I am monitoring Tenaga, Maybank, Commerce, Resort and Sime.
Hi FattChoy,
We are getting 0.1% for intraday & 0.42% for normal trade. 0.05% lower than your brokerage but i think different is not much but it does matter when you buy in volume for day trade unless you can;t get rid of your holding within same day. Frankly, no matter the charges is 0.1% or 0.15%, you still able to make money for every bid jump. i.e buy Bursa at 5.05 and sell 5.10 both charge make the same amount, only proceed that over 12K will see some different there. Probably, what you can do, setup a table for all price range from penny stock to big cap. i.e penny stock, you buy KNM for 0.40c and every single bid jump is 0.005c, u need to know how much to buy (quantity) in order to have profit for every single bid jump. Tabulate out for all range like, $1 to $2.99, $3 to $4.98, $5 to $9.95 & etc... Then from here you will be able to know how much you can absord for each trade base on your capital but remember only limit yourself to BlueChip stocks, even you get stuck also no worry, just keep them for longterm, after all BlueChip will surely never die.
Another example, let say i bought Resorts 5,000units @ $2.21. I know i needed 2c in order to make money, thus, my selling price will be at 2.23 or more, if i can't dispose same day, which mean i need to raise my selling price to $2.24 to make money, if i can sell it within contra i will do it without hesitating, if can't just keep for longterm and maybe apply cost averaging later.
The next thing is when to execute a buy ?? many may ask.... can't really tell you how.. i don;t know either. hng has done it even single day, he methods may worth considering and study. hng, probably you may want to share some here of course no obligation.
Many reasons trigger a buy, market sentiment, price is low enough, fluctuate within the same range for long, low PE, liquitity, high volume, unusually big drop more than 10% & etc...
As for me, i limit myself to bluechip, price is right, understand the counter well and it pattern, buy only during weakness, counter is > 8% drop.
Hi Horse, I did make a P&L calculator in Excel, after reading one of your reply to another reader recently. I just key in the number of lots and the price and it will list the P&L for the diff. commission rate and also each step of the price range, whether penny or big caps. Pretty handy.
Yes, I see the rationale in buying Blue Chips but sometimes they failed too. I bought Tenaga at 6.50 and she plump down to below 6.00, Maybank at 6.00 and she went down to below 5.00. Then I read some analyst report and news saying this counter is not worth buying and I lost faith and sold. But lately, Tenaga and Maybank seems to be coming back up, or maybe it's because of window dressing.
Guess one must have faith in oneself. Analyst are full of shit sometimes.
Tenaga at 6.5 should be easily reachable if you willing to keep for long. Who will not use electric ?? will this counter go bankrupt ?? very unlikely right, why bother seling it ? just wait for the cow come home, you will get it sooner or later unless you needed money badly, then no choice. Analyst only reports based on thier finding at that moment of time, if they recommend sell we will just wait for the right time to pick, if they recommend buy when will just watch & see. stick to your own principle and trade experience, once you are skillful, you trade without fear...
i am placing my order for TM at 3.02 now, you may want to follow but at your own risk. Remember one thing don't chase after a stock when it surge, do it the other way round. AND be patient you either get it or leave it.
Just make intraday contra on Sime. bought at 5.20, sold at 5.25.
Horse, you have rightly given a good example.
For every single entry, thorough consideration and homework is necessary, such as trading range, support levels, volume. volatility and dividend yield. For daytrade, consider degree of profit margin and trading pattern of the stock. If trade blueship, safety net will be if get stuck, keep for longer term or derive income from dividend payout. Finally, we must think of how to exit and make profit, dare to try to initiate trading and gain experience, either loss/profit is good lesson to be leart and improve stock pick skill and avoid mistake. Staggering your capital in order to limit any losses. Never fall in love with any stock, as volume are readily available. Cut losses if necessary and switch to other promising stock to avoid any opputurnity cost.
Thanks for the insight.
Learn my lesson now, but it's already too late. Have a lot of junks in my portfolio, the buy and hold mentality, which is why I lost faith. Just don't want to risk holding some more stocks and emptying my bullets. Not much left now.
How to execute a buy? Interesting. Would be great if Hng could share his wisdom also. I've seen opportunities come and go. End result, I didn't trade. Why? I don't know myself. Fear factor or hoping for lower lows and miss the train, I guess.
Yes, I'm game. Q for TM now. If succeed sell two steps up. Don't worry, my risk. Only need someone who have a better grasp of market possibility to show the way.
In current bearish market, buy and hold no longer applicable. Stay current will be better strategy. Never hold too many stocks in portfolio, if in forseeable future, stock that stuck is expected poor perform and unlikely to recoup cost, better cut loss and restart again. I know trim lost is painful and may hurt confidence in stock market. Nevertheless, instead of keep sit on paper loss, bulit up your experience now is better option and suit yourself in current volatile and bearish market. Never try to trade against market sentiment and should learn to accept stock price.
Try to spend more time to understand oneself behaviour in trading. Intitate first with small capital and testing response, find out your niche and comfortable zone.
Cancel my order....
Sold off previous Sime at 5.20-5.25, but bought back partially at 5.15.
Make contra on Commerce: bought at 5.80 and sold at 5.85. Market failed to sustain yesterday gain!
was cancelling my orders cause it is to near to closing. otherwise would have gotten my MAYBANK at $5.10...wait till Friday and see.
Happy New Year & Best Wishes to all.
Just bought sime at 5.25 and sold off at 5.30, palm oil player set to rally as crude oil jump more than 15%.
Bought IOI corp at 3.66 and just sold off at 3.72. Watching closely on palm oil player now! Crude oil may rebound further and serve as catalyst for palm oil
Bought maybank at 5.15 and bursa at 5.20
Bought resorts at 2.24
Sold bursa at 5.25 and resort at 2.27.
Sold off remaining previous Sime at 5.35
Sold partial previous Genting at 3.80 (cost at 3.74)
Just sold partial previous PJ development at 51 sen.
Sold off also Maybank at 5.20.
Most Asian market rally, good jump start for 2009. However, market may overdone, correction is expected.
hng, pretty active today....huh.
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