Trading Techniques   

Trading For A Living

ADD - Will they all go higher than current high?
Yes I think they will all trade higher, tech is still the sector to be in
butter I wont buy AEM(me and my higher high higher low 
theory say no touch this one). 

Which one to buy IStillDunNo wor.



 

 

For Sis Cucina, Bro Koala and other forumers

Comparing AEM, Frencken & UMS

AEM - 4.66/3.60(-22.7%) - (+17.2%)4.22/3.28(-23%) - 3.83(+16.7% from 3.28 low))

Frencken -  1.43/1.13(-21%) - (+35.3%)1.59/1.35(-15%) - 1.92(+42% from 1.35 low)

UMS - 1.40/1.03(-26.4%) - (+43.6)1.48/1.26(-14.8%) - 1.55(+23%)

One look at the 3 charts(without calculation) I dont like AEM( lower high lower low), whereas Frencken and UMS has 
higher high and higher low(ingredients of a uptrending stock)

From the most recent rally Frencken is up the most +42%, follow by UMS +23% and last is AEM +16.7%

Based on TA Frencken is best and worse performer is AEM(if I am not wrong the last result it missed expectation).
UMS 2nd choice.

Cheers



IStillDunNo for myself and those interested.

 

" I go to Clementi Central often"

What do you normally wear when you are there har?   

cucina      ( Date: 03-Jul-2021 14:57) Posted: It' s human psychology at work.   We wonder why would people wanna pay more n if they do pay more it' s a good probability that the thing they are paying more is superior.   I go to Clementi Central often n there' s always a long Q for the rojak in the coffeeshop behind the NTUC.   I' m so intrigued after seeing it so often that I decided to find out for myself.   Think it was a 20 min Q one fine day when I decided to check it out.   Its not any cheaper than elsewhere n It' s not any more different from other run of the mills rojak.   But it bears out your theory.   Also, maybe some trading algos are tied to TA, which triggers buy signal when the indicators are breached n thus attracting other people to pile on.   FA is some, but sentiments the most of it when chasing a stock.   So, would like to seek your thoughts on the tech trio, AEM, UMS, and Frencken.   They hv all become near highs, except AEM, so anymore upside in your view?  TikTalk      ( Date: 03-Jul-2021 13:44) Posted: The Butterfly You Tiao theory to investings - Real Case study Will you buy the 70 cents or 90 cents per piece butterly bun and you tiao? The first time I bought the 70 cts because at that moment I saw more people queueing. The second time I bought the 90 cts because at that meoment I saw more people queueing. Then I started to noticed the price different. Today I took a photo to confirm the price different. After more visits to this hawker centre I consistently see longer queue at one of this stall. Today one stall has about roughly 8 people in the queue while the other stall none or just 1 buy and go. I presume the one with long queue consistenly will probably make more $$$. Rental cant be much different as they are just 2 or 3 stalls apart.  If above 2 stalls are two companies stock listed in SGX, one will probably buy the one that has long queue consistently, higher sales volume, assuming same cost. Others may say the one with higher margin may make more because we dont know the volume differences of how many peices sold by each, so either thoughts may be correct. Now, what if the longer queue stall is the one that price its products at 90 cents, I guess you know now which stock to buy. You know what, the 90cents per piece stall is the one with longer queue. Thats 28.5% different wor and yet it has more sales then the cheaper one. Good things dont come cheap, cheap things doesnt mean good. Good and cheap is undervalued. Same for stock, dont buy just because its cheap unless you know for sure is undervalue butter if not unlock also no use.  Thats why I often use the higher high high low theory to identify a uptrending stock as people are willing to pay and lower high lower low to idenfity a downtrending stock because people no longer willing to pay for this stock.. Cheer and have a good weekend.

 

Human psychology plus something else which I will allude to later.
That same Rojak stall you mentioned.... I have also been eyeing that stall and I asked myself izzit becoz their sauce is generous and thick
unlike most other Rojak stalls which offer you a written-down watery prawn paste sauce. One day I will try and know the answer.

At Ghim Moh hawker centre, there is one stall offering roast duck, roast meat and cha siew which without fail always have a super long
queue during lunch time. I told myself one fine day when market is boring and time is not an issue, I will go and queue and maybe go a bit
later to avoid the lunch crowd. So that one fine day finally came and I got to taste that so called famous sibeh popular and sibeh long queue
roast meat stall. And what was my reaction when I sank my teeth into all 3 types of meat ? My reaction was...... why der fug did all those
people waste their precious lunch time to queue for this so-so roast meat ??? The taste was only average and nothing to scream about 
and certainly does not have that premium X-Factor value which will make me willing to drive 20 km just to have it. I didnt drive 20 km to eat
this by the way. I live in the West and Ghim Moh is a 5-min drive from where I am. And although I go to Ghim Moh once or twice a week, I
never bothered to take a 2nd look at that roast meat stall ever again. Back to why do so many people queue at this stall during lunch time ?
My answer - herd mentality. People see a long queue they conclude must be good. So they queue too. And after queueing so long to get
their food, to justify the time spent queueing, they tell themselves it is good. Good luck to them then. They happy to queue their suka. 

cucina      ( Date: 03-Jul-2021 14:57) Posted: It' s human psychology at work.   We wonder why would people wanna pay more n if they do pay more it' s a good probability that the thing they are paying more is superior.   I go to Clementi Central often n there' s always a long Q for the rojak in the coffeeshop behind the NTUC.   I' m so intrigued after seeing it so often that I decided to find out for myself.   Think it was a 20 min Q one fine day when I decided to check it out.   Its not any cheaper than elsewhere n It' s not any more different from other run of the mills rojak.   But it bears out your theory.   Also, maybe some trading algos are tied to TA, which triggers buy signal when the indicators are breached n thus attracting other people to pile on.   FA is some, but sentiments the most of it when chasing a stock.   So, would like to seek your thoughts on the tech trio, AEM, UMS, and Frencken.   They hv all become near highs, except AEM, so anymore upside in your view?  TikTalk      ( Date: 03-Jul-2021 13:44) Posted: The Butterfly You Tiao theory to investings - Real Case study Will you buy the 70 cents or 90 cents per piece butterly bun and you tiao? The first time I bought the 70 cts because at that moment I saw more people queueing. The second time I bought the 90 cts because at that meoment I saw more people queueing. Then I started to noticed the price different. Today I took a photo to confirm the price different. After more visits to this hawker centre I consistently see longer queue at one of this stall. Today one stall has about roughly 8 people in the queue while the other stall none or just 1 buy and go. I presume the one with long queue consistenly will probably make more $$$. Rental cant be much different as they are just 2 or 3 stalls apart.  If above 2 stalls are two companies stock listed in SGX, one will probably buy the one that has long queue consistently, higher sales volume, assuming same cost. Others may say the one with higher margin may make more because we dont know the volume differences of how many peices sold by each, so either thoughts may be correct. Now, what if the longer queue stall is the one that price its products at 90 cents, I guess you know now which stock to buy. You know what, the 90cents per piece stall is the one with longer queue. Thats 28.5% different wor and yet it has more sales then the cheaper one. Good things dont come cheap, cheap things doesnt mean good. Good and cheap is undervalued. Same for stock, dont buy just because its cheap unless you know for sure is undervalue butter if not unlock also no use.  Thats why I often use the higher high high low theory to identify a uptrending stock as people are willing to pay and lower high lower low to idenfity a downtrending stock because people no longer willing to pay for this stock.. Cheer and have a good weekend.

 

like to add on between the 3 (one I already have in my portfoilo long long time ago) which would you rank in order of BUY or SELL

Thank you Prof TikTalk 

cucina      ( Date: 03-Jul-2021 14:57) Posted: It' s human psychology at work.   We wonder why would people wanna pay more n if they do pay more it' s a good probability that the thing they are paying more is superior.   I go to Clementi Central often n there' s always a long Q for the rojak in the coffeeshop behind the NTUC.   I' m so intrigued after seeing it so often that I decided to find out for myself.   Think it was a 20 min Q one fine day when I decided to check it out.   Its not any cheaper than elsewhere n It' s not any more different from other run of the mills rojak.   But it bears out your theory.   Also, maybe some trading algos are tied to TA, which triggers buy signal when the indicators are breached n thus attracting other people to pile on.   FA is some, but sentiments the most of it when chasing a stock.   So, would like to seek your thoughts on the tech trio, AEM, UMS, and Frencken.   They hv all become near highs, except AEM, so anymore upside in your view?  TikTalk      ( Date: 03-Jul-2021 13:44) Posted: The Butterfly You Tiao theory to investings - Real Case study Will you buy the 70 cents or 90 cents per piece butterly bun and you tiao? The first time I bought the 70 cts because at that moment I saw more people queueing. The second time I bought the 90 cts because at that meoment I saw more people queueing. Then I started to noticed the price different. Today I took a photo to confirm the price different. After more visits to this hawker centre I consistently see longer queue at one of this stall. Today one stall has about roughly 8 people in the queue while the other stall none or just 1 buy and go. I presume the one with long queue consistenly will probably make more $$$. Rental cant be much different as they are just 2 or 3 stalls apart.  If above 2 stalls are two companies stock listed in SGX, one will probably buy the one that has long queue consistently, higher sales volume, assuming same cost. Others may say the one with higher margin may make more because we dont know the volume differences of how many peices sold by each, so either thoughts may be correct. Now, what if the longer queue stall is the one that price its products at 90 cents, I guess you know now which stock to buy. You know what, the 90cents per piece stall is the one with longer queue. Thats 28.5% different wor and yet it has more sales then the cheaper one. Good things dont come cheap, cheap things doesnt mean good. Good and cheap is undervalued. Same for stock, dont buy just because its cheap unless you know for sure is undervalue butter if not unlock also no use.  Thats why I often use the higher high high low theory to identify a uptrending stock as people are willing to pay and lower high lower low to idenfity a downtrending stock because people no longer willing to pay for this stock.. Cheer and have a good weekend.

 

hello Sis cucina,

similar thoughts to your posts 

 

good insightful write-up 

everyone luvs bargain be it he is rich or poor, and everyone is greedy to some extent, hence the saying goes that the stock market is a weighing scale of the various players action when a snap shot of the px action is taken. 

my modest contribution haha 

 

It' s human psychology at work.   We wonder why would people wanna pay more n if they do pay more it' s a good probability that the thing they are paying more is superior.  

I go to Clementi Central often n there' s always a long Q for the rojak in the coffeeshop behind the NTUC.   I' m so intrigued after seeing it so often that I decided to find out for myself.   Think it was a 20 min Q one fine day when I decided to check it out.   Its not any cheaper than elsewhere n It' s not any more different from other run of the mills rojak.   But it bears out your theory.  

Also, maybe some trading algos are tied to TA, which triggers buy signal when the indicators are breached n thus attracting other people to pile on.   FA is some, but sentiments the most of it when chasing a stock.  

So, would like to seek your thoughts on the tech trio, AEM, UMS, and Frencken.   They hv all become near highs, except AEM, so anymore upside in your view? 

TikTalk      ( Date: 03-Jul-2021 13:44) Posted: The Butterfly You Tiao theory to investings - Real Case study Will you buy the 70 cents or 90 cents per piece butterly bun and you tiao? The first time I bought the 70 cts because at that moment I saw more people queueing. The second time I bought the 90 cts because at that meoment I saw more people queueing. Then I started to noticed the price different. Today I took a photo to confirm the price different. After more visits to this hawker centre I consistently see longer queue at one of this stall. Today one stall has about roughly 8 people in the queue while the other stall none or just 1 buy and go. I presume the one with long queue consistenly will probably make more $$$. Rental cant be much different as they are just 2 or 3 stalls apart.  If above 2 stalls are two companies stock listed in SGX, one will probably buy the one that has long queue consistently, higher sales volume, assuming same cost. Others may say the one with higher margin may make more because we dont know the volume differences of how many peices sold by each, so either thoughts may be correct. Now, what if the longer queue stall is the one that price its products at 90 cents, I guess you know now which stock to buy. You know what, the 90cents per piece stall is the one with longer queue. Thats 28.5% different wor and yet it has more sales then the cheaper one. Good things dont come cheap, cheap things doesnt mean good. Good and cheap is undervalued. Same for stock, dont buy just because its cheap unless you know for sure is undervalue butter if not unlock also no use.  Thats why I often use the higher high high low theory to identify a uptrending stock as people are willing to pay and lower high lower low to idenfity a downtrending stock because people no longer willing to pay for this stock.. Cheer and have a good weekend.

 

The Butterfly You Tiao theory to investings - Real Case study

Will you buy the 70 cents or 90 cents per piece butterly bun and you tiao?

The first time I bought the 70 cts because at that moment I saw more people queueing.
The second time I bought the 90 cts because at that meoment I saw more people queueing.
Then I started to noticed the price different. Today I took a photo to confirm the price different.

After more visits to this hawker centre I consistently see longer queue at one of this stall.
Today one stall has about roughly 8 people in the queue while the other stall none or just 1 buy
and go. I presume the one with long queue consistenly will probably make more $$$. Rental
cant be much different as they are just 2 or 3 stalls apart. 

If above 2 stalls are two companies stock listed in SGX, one will probably buy the one that
has long queue consistently, higher sales volume, assuming same cost. Others may say the
one with higher margin may make more because we dont know the volume differences of how
many peices sold by each, so either thoughts may be correct.

Now, what if the longer queue stall is the one that price its products at 90 cents, I guess you know now
which stock to buy.

You know what, the 90cents per piece stall is the one with longer queue. Thats 28.5% different wor and
yet it has more sales then the cheaper one.

Good things dont come cheap, cheap things doesnt mean good. Good and cheap is undervalued.

Same for stock, dont buy just because its cheap unless you know for sure is undervalue butter if not unlock
also no use. 
Thats why I often use the higher high high low theory to identify a uptrending stock as people are willing to pay
and lower high lower low to idenfity a downtrending stock because people no longer willing to pay for this stock..

Cheer and have a good weekend.

 

Hallelujah.....Congtratz bro kazerin on yr new born arrival...

Kazerin      ( Date: 03-Jul-2021 05:12) Posted: No wonder i feel my ear itchy. Now i know why. 🤣 Yes you are right, be towkay is not easy. When things get rough you cannot say i quit and find new job. You have to bite the bullet and pull through. Last two weeks is busy like fxxx for me. Receiving a new born into our family for the first time is a wonderful and tiring experience. I had my best trading week as well , gaining 52% on my account. Praise The Lord For All The Blessings, i feel super blessed. 😍 wavehunter      ( Date: 02-Jul-2021 16:06) Posted: Yes, I noticed. But you see, Bro TikTalk... if you are like Bro Luzern, Bro Kendolah, Bro Kazerin, Sis Halle etc..... you are a free man or free woman. When happy anytime you can come into a thread to post and say your piece until you shiok enuf leow and then stop posting when you dun feel like posting. Meantime you can even disappear for days, weeks or months. Then when happy and feel like posting again, you then come back to post. Coz the thread is always there...waiting for you...whenever you want it. But if you dont want it, you can walk away and disappear and dont have to do anything if you dont want to. But not if you have your own thread. You have to be around. You have to open shop and keep serving kopi, teh and pre-packed nasi lemak or at least some red bean buns or kaya buns or biscuits sold by those mamashop type of drink stalls to keep your customers happy. You have to keep posting to let people know you are still in business. Otherwise just like a real food stall or drinks stall, if you suka suka open and suka suka dont open and one week open 1 or 2 days only and no fixed opening days but based on suka suka one, your regular customers when they come by one day you not open and then the next time they come by again on another day you also not open and some customers will try a 3rd time and if still not open then they will give up on your stall leow and stop coming. There is a very nice carrot cake stall in Redhill Hawker Centre. His stall used to be opened regularly. But of late, many times I noticed his stall was closed. Then one day when he was opened, I thought once and for all try to catch his schedule and so we asked him what are his opening hours and rest day. He said.... " Oh ... I dont have a fixed opening or rest day one. I sometimes open and sometimes no open one. Random one. See how I feel one" What it means is that this hawker has already earned enuf and has enuf for retirement ler. So he can suka suka happy he open and not happy he dont open. Likewise, if I didnt start The Trading Floor, then I also can be like Bro Luzern and Bro Kendolah and the rest of the bros and siss... happy happy I come in to post and if feel lazy and dont feel like posting, I just quietly read and perch on the wall only. No need to must always make an appearance to post something. You had that carefree life actually when you were posting at The Trading Floor. Happy happy you come and post. Not happy you go cycling. But now boh siang leow. Now you open your own shop got rental to pay and other overheads to pay so feel lazy you also must everyday come in to open shop.  So now you know to be a towkay is not easy.

 

STI - Daily Chart

Will this S-ipeh T-erok I-ndex for the past 2 months turn around in July
and become S-ipeh T-ekong I-ndex or remain S-ipeh T-erok I-ndeed?

With all 3 major US indices surging further after the employment data, 
hopefully it will be enough to lift STI above the 2 months downtrend line.


All the bre@st

Below copied from Financial Post..

The MSCI All Country World index gained 0.42%, while the pan-European STOXX 600 index rose 0.26%. On Wall Street, the S& P 500 and Nasdaq hit record highs.

&ldquo For capital markets, equities and bonds, this was a Goldilocks report,&rdquo said Darrell Cronk, chief investment officer at Wells Fargo wealth and investment management. &ldquo This was perfect. There were enough jobs that you&rsquo d want to see but not so many that it concerns people that the Fed may have to act sooner.&rdquo

Still, gold edged higher and the dollar fell from a three-month high as investors weighed prospects that Fed policy would tighten following the jobs report.

The Dow Jones Industrial Average rose 150.8 points, or 0.44%, the S& P 500 gained 28.35 points, or 0.66%, and the Nasdaq Composite added 98.23 points, or 0.68%.

The benchmark 10-year yeild fell 1.43%. Euro zone government bond yields fell, as investor fears over the rise in COVID-19 cases outweighed strong U.S. data. Germany&rsquo s 10-year bond yield, the euro zone benchmark, dropped to -0.24%, its lowest since mid-June.

 

No wonder i feel my ear itchy. Now i know why. 🤣 Yes you are right, be towkay is not easy. When things get rough you cannot say i quit and find new job. You have to bite the bullet and pull through. Last two weeks is busy like fxxx for me. Receiving a new born into our family for the first time is a wonderful and tiring experience. I had my best trading week as well , gaining 52% on my account. Praise The Lord For All The Blessings, i feel super blessed. 😍

wavehunter      ( Date: 02-Jul-2021 16:06) Posted: Yes, I noticed. But you see, Bro TikTalk... if you are like Bro Luzern, Bro Kendolah, Bro Kazerin, Sis Halle etc..... you are a free man or free woman. When happy anytime you can come into a thread to post and say your piece until you shiok enuf leow and then stop posting when you dun feel like posting. Meantime you can even disappear for days, weeks or months. Then when happy and feel like posting again, you then come back to post. Coz the thread is always there...waiting for you...whenever you want it. But if you dont want it, you can walk away and disappear and dont have to do anything if you dont want to. But not if you have your own thread. You have to be around. You have to open shop and keep serving kopi, teh and pre-packed nasi lemak or at least some red bean buns or kaya buns or biscuits sold by those mamashop type of drink stalls to keep your customers happy. You have to keep posting to let people know you are still in business. Otherwise just like a real food stall or drinks stall, if you suka suka open and suka suka dont open and one week open 1 or 2 days only and no fixed opening days but based on suka suka one, your regular customers when they come by one day you not open and then the next time they come by again on another day you also not open and some customers will try a 3rd time and if still not open then they will give up on your stall leow and stop coming. There is a very nice carrot cake stall in Redhill Hawker Centre. His stall used to be opened regularly. But of late, many times I noticed his stall was closed. Then one day when he was opened, I thought once and for all try to catch his schedule and so we asked him what are his opening hours and rest day. He said.... " Oh ... I dont have a fixed opening or rest day one. I sometimes open and sometimes no open one. Random one. See how I feel one" What it means is that this hawker has already earned enuf and has enuf for retirement ler. So he can suka suka happy he open and not happy he dont open. Likewise, if I didnt start The Trading Floor, then I also can be like Bro Luzern and Bro Kendolah and the rest of the bros and siss... happy happy I come in to post and if feel lazy and dont feel like posting, I just quietly read and perch on the wall only. No need to must always make an appearance to post something. You had that carefree life actually when you were posting at The Trading Floor. Happy happy you come and post. Not happy you go cycling. But now boh siang leow. Now you open your own shop got rental to pay and other overheads to pay so feel lazy you also must everyday come in to open shop.  So now you know to be a towkay is not easy.

 

YZJ Ship Building - Weekly Chart

I think this one has turn up, breaking above downtrend line, record order book should translate to record stock price.

All the bre@st.

 

Dow futures rally on employment datas...
 

FRIDAY, JULY 2			Actual	Forecast	Previous
8:30 am	Nonfarm payrolls	June	850,000	706,000	583,000
8:30 am	Unemployment rate	June	5.9%	5.6%	5.8%
8:30 am	Average hourly earnings	June		0.3%	0.5%

 

Have la bro, everyday shop open 1.

Everyday I see got readers maybe due to covid less people come to
shop personally due to social distancing

wavehunter      ( Date: 02-Jul-2021 16:06) Posted: Yes, I noticed. But you see, Bro TikTalk... if you are like Bro Luzern, Bro Kendolah, Bro Kazerin, Sis Halle etc..... you are a free man or free woman. When happy anytime you can come into a thread to post and say your piece until you shiok enuf leow and then stop posting when you dun feel like posting. Meantime you can even disappear for days, weeks or months. Then when happy and feel like posting again, you then come back to post. Coz the thread is always there...waiting for you...whenever you want it. But if you dont want it, you can walk away and disappear and dont have to do anything if you dont want to. But not if you have your own thread. You have to be around. You have to open shop and keep serving kopi, teh and pre-packed nasi lemak or at least some red bean buns or kaya buns or biscuits sold by those mamashop type of drink stalls to keep your customers happy. You have to keep posting to let people know you are still in business. Otherwise just like a real food stall or drinks stall, if you suka suka open and suka suka dont open and one week open 1 or 2 days only and no fixed opening days but based on suka suka one, your regular customers when they come by one day you not open and then the next time they come by again on another day you also not open and some customers will try a 3rd time and if still not open then they will give up on your stall leow and stop coming. There is a very nice carrot cake stall in Redhill Hawker Centre. His stall used to be opened regularly. But of late, many times I noticed his stall was closed. Then one day when he was opened, I thought once and for all try to catch his schedule and so we asked him what are his opening hours and rest day. He said.... " Oh ... I dont have a fixed opening or rest day one. I sometimes open and sometimes no open one. Random one. See how I feel one" What it means is that this hawker has already earned enuf and has enuf for retirement ler. So he can suka suka happy he open and not happy he dont open. Likewise, if I didnt start The Trading Floor, then I also can be like Bro Luzern and Bro Kendolah and the rest of the bros and siss... happy happy I come in to post and if feel lazy and dont feel like posting, I just quietly read and perch on the wall only. No need to must always make an appearance to post something. You had that carefree life actually when you were posting at The Trading Floor. Happy happy you come and post. Not happy you go cycling. But now boh siang leow. Now you open your own shop got rental to pay and other overheads to pay so feel lazy you also must everyday come in to open shop.  So now you know to be a towkay is not easy.

 

Hello Sis,

Went cycling earlier.
TA and luck bah..

CheeryVGoh      ( Date: 02-Jul-2021 18:22) Posted: Bro TikTalk, You were spot on on PropNex. What prompted you to long? News & TA? Congrats ! TikTalk      ( Date: 02-Jul-2021 10:55) Posted: Thank you Sis

 

He just bought a bungalow and his agent was from PropNex. 

CheeryVGoh      ( Date: 02-Jul-2021 18:22) Posted: Bro TikTalk, You were spot on on PropNex. What prompted you to long? News & TA? Congrats ! TikTalk      ( Date: 02-Jul-2021 10:55) Posted: Thank you Sis

 

Bro TikTalk,

You were spot on on PropNex.

What prompted you to long? News & TA?

Congrats !

TikTalk      ( Date: 02-Jul-2021 10:55) Posted: Thank you Sis. cucina      ( Date: 02-Jul-2021 10:49) Posted: Congrats Bro, on your PropNex profits!