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Yes bro nghonpo & welcome here.

I agree Riverstone is interesting thats I have been looking into its chart.
Only problem with me is I want to see a higher high first...aiya thats me..
then monitor more closely..hope wont be too late..haha

 

Boss TT, 

USA got issues with Top Gloves over the staff management. Bad luck for them. Have to be hit so hard.

Riverstone is an interesting counter, play it correctly, profit will be immense. If you can pair it with Elliot Wave, interested investors will have a good idea of the direction.

TikTalk      ( Date: 16-May-2021 13:16) Posted: Comparing Riverstone to Top Glove In Dec 2020 Riverstone hit a low of $1.01 while Top Glove was at $1.97 (see left arrow) Last week Riverstone closed at $1.42 and Top Glove closed at $1.68 (see right arrow) Levels were labelled on the horizontal line. From a different of 96cts Riverstone has narrowed it to just 14cts. I remember two members here consistently mentioned that Riverstone is different glove stock way before prices has narrowed this much. Fundamentals is very important in selecting the correct stock within a similar sector or industry. Kudos to this two members and I dedicate this chart to them. This was the reason I traded Riverstone  to find out more about this stock, make small profit only. Imagine if one had follow or listen to the right source one would have switch from TP to River and thats a big different to your portfolio. If one go though my post one will notice I posted many charts on Riverstone, because I find it interesting. Cheers

 

With your blessing Sis Cucina.

cucina      ( Date: 16-May-2021 12:40) Posted: Good afternoon Bro TikTok, Read your reflections on Taxi. You are holding fast to your buy & hold trade principle, so not fleeting in n out is the correct strategy.   I hv been through this before, so many times, but not being certain if you are a buy n hold person or a short term trader can really screw up your trades.   Because buy n hold u buy low n sell high but short term trade simply follow trend as in buy high sell higher. To overcome this, I hv core holdings which I dun touch for months n years but trade the very same counters in n out. Of course, heart pain on hindsight but it' s par for the course.   Very soon, you would be sharing news of your profits in Taxi instead! Cheers.

 

Sunday very free at home, provide supporting screenshot, but only low and high purchased and sale at 1.78.
Dunno wanna buy back Riverstone and Raffles Medical which I sold as part of reducing total portfolio mentioned
below too.

TikTalk      ( Date: 15-May-2021 22:33) Posted: Evening sharing, and here is one not so great trades.... This taxi I bought from 139,146, 162, 166, 169, 174, 175, 178 & 182 = Average 1.66 Assuming each purchase price is 1 lot then I sold  2 lots at 1.78 on 28th April, this sell was not becuase i dont like this stock, it was just part of my portfolio adjustment to reduce my total holdings by 30+% before May. Say I took a lost of 2 cents for last 2 purchased. Now my mark to market cost is 1.615, say 1.63 including fees. Before last week this stock is still uptrending so all these correction to me is just noise, just like how I hold stocks like SGX and SCI in my earlier posts where I mentioned I have to go through many ups and down, so long as they have a series of higher highs and higher lows. Now this stock made a new of 1.54 but manage to close above previous low of 1.55. Closed at 1.58. Paper lost of about 5 cents. Imagine if I sold all at 1.78, I would have made 12 cents, but that would not be my buy & hold trades.. Even a good announcement also offset badly by covid, thats life of a trader. What to do, next week crucial lo.... I wont share trade confirmation because telling the world about losses cannot be fake. All the br-easts to me

 

Comparing Riverstone to Top Glove

In Dec 2020 Riverstone hit a low of $1.01 while Top Glove was at $1.97 (see left arrow)
Last week Riverstone closed at $1.42 and Top Glove closed at $1.68 (see right arrow)
Levels were labelled on the horizontal line.
From a different of 96cts Riverstone has narrowed it to just 14cts.
I remember two members here consistently mentioned that Riverstone is different glove stock way before prices has
narrowed this much. Fundamentals is very important in selecting the correct stock within a similar sector or industry.
Kudos to this two members and I dedicate this chart to them. This was the reason I traded Riverstone 
to find out more about this stock, make small profit only.
Imagine if one had follow or listen to the right source one would have switch from TP to River and thats
a big different to your portfolio.

If one go though my post one will notice I posted many charts on Riverstone, because I find it interesting.

Cheers

 

Bro Koala,

few postings below I had written something on SGX, let me know if thats not what you want.
1) still a uptrending stock with higher high and high low intact,
2) trading near historical high of around 11+
3) usually pullback between 35cts to 60cts
4) current pullback around 55cts

above key factor to consider for short term trade, I bought at 10.02 if you go thru my postings, will no hold as long as previously.
 

Sg_KoalaDreaming      ( Date: 16-May-2021 12:25) Posted: CEO TikTok, Can share your tea leaves reading of SGX price action please. Tq. TikTalk      ( Date: 16-May-2021 11:43) Posted: Hello bro, beautiful Sunday

 

Good afternoon Bro TikTok,

Read your reflections on Taxi.
You are holding fast to your buy & hold trade principle, so not fleeting in n out is the correct strategy.   I hv been through this before, so many times, but not being certain if you are a buy n hold person or a short term trader can really screw up your trades.   Because buy n hold u buy low n sell high but short term trade simply follow trend as in buy high sell higher.

To overcome this, I hv core holdings which I dun touch for months n years but trade the very same counters in n out.

Of course, heart pain on hindsight but it' s par for the course.  

Very soon, you would be sharing news of your profits in Taxi instead!

Cheers.



 

 

CEO TikTok,

Can share your tea leaves reading of SGX price action please. Tq.

TikTalk      ( Date: 16-May-2021 11:43) Posted: Hello bro, beautiful Sunday. Sg_KoalaDreaming      ( Date: 16-May-2021 11:39) Posted: good the happy Sunny Sunday Morning Bro TikTok

 

Bro, you give me more prosperious name!
Huat Huat Huat Arh!!!

TikTalk      ( Date: 16-May-2021 12:02) Posted: Welcome Maxgrow88, Yes many of us aspire to be a successful trader all because we want to have some extra income whether from dividends or capital gains so that we can lead a better life, therefore we trade for a living ma.. Thanks for your compliment otherwise wrong title bo lang lai.... Enjoy your stay and all the br-easts Maxgrow68      ( Date: 16-May-2021 11:53) Posted: Bro, your thread name suits me fine..I like! Look forward to more of your postings and sharing ..... Kam siah in advance!

 

Welcome Maxgrow88,

Yes many of us aspire to be a successful trader all because we want to have some extra income whether
from dividends or capital gains so that we can lead a better life, therefore we trade for a living ma..
Thanks for your compliment otherwise wrong title bo lang lai....

Enjoy your stay and all the br-easts

Maxgrow68      ( Date: 16-May-2021 11:53) Posted: Bro, your thread name suits me fine..I like! Look forward to more of your postings and sharing ..... Kam siah in advance!

 

Bro, your thread name suits me fine..I like!
Look forward to more of your postings and sharing .....
Kam siah in advance!

 

Hello bro, beautiful Sunday.

Sg_KoalaDreaming      ( Date: 16-May-2021 11:39) Posted: good the happy Sunny Sunday Morning Bro TikTok

 

good the happy Sunny Sunday Morning Bro TikTok   

 

Evening sharing, and here is one not so great trades....

This taxi I bought from 139,146, 162, 166, 169, 174, 175, 178 & 182 = Average 1.66
Assuming each purchase price is 1 lot then I sold  2 lots at 1.78 on 28th April, this sell was not becuase i dont like this stock, it was just part
of my portfolio adjustment to reduce my total holdings by 30+% before May. Say I took a lost of 2 cents for last 2 purchased.
Now my mark to market cost is 1.615, say 1.63 including fees.

Before last week this stock is still uptrending so all these correction to me is just noise, just like how
I hold stocks like SGX and SCI in my earlier posts where I mentioned I have to go through many ups and down,
so long as they have a series of higher highs and higher lows.

Now this stock made a new of 1.54 but manage to close above previous low of 1.55.
Closed at 1.58. Paper lost of about 5 cents.

Imagine if I sold all at 1.78, I would have made 12 cents, but that would not be my buy & hold trades..
Even a good announcement also offset badly by covid, thats life of a trader.
What to do, next week crucial lo....

I wont share trade confirmation because telling the world about losses cannot be fake.

All the br-easts to me

 

I actually looked left to look at support before I entered. I will study more and practice and let you know the outcome. Jia you!

wavehunter      ( Date: 15-May-2021 19:23) Posted: Sis TieJiao, Since you are practising with Demo account, why do you need to at the last minute pull out ? Keep practsing with Demo but do have a trading system. Develop a set of Rules for BUY & SELL. What must you see before you BUY ? What is the set up ? That way, your trading will be consistent. And if those Rules dont produce the desired results, then something is wrong and you will have to discard or tweak those Rules and keep at it until they work for you. But you must have Rules to trigger BUY and SELL signals. Without Rules, you will be buying based on gutfeel which is tikam tikam and macam like gambling lidat. That one...cannot lah. Demo account..... is for you to develop your Rules and test them in a safe but controlled environment where if you fall, you wont get hurt and wont bleed. I practised with Demo for a month before I loaded live ammunition into my rifle.  TieJiaoJie      ( Date: 15-May-2021 18:57) Posted: Bro Tik Tak, yesterday I tried paper trading and pulled the fake trigger on Ang Mo Jones at 34075 but pulled out last minute then I see it rocket up up away 😂 😂 😂 Wahaaaaaa...otherwise I will be in ITM if its for real

 

Hello, good day and thanks for visiting.

Sg_KoalaDreaming      ( Date: 15-May-2021 21:27) Posted: Hello Bro TikTalk, Congrats on your new place

 

Hello Bro TikTalk,

Congrats on your new place 

 

Sis TieJiao,

Since you are practising with Demo account, why do you need to at the last minute pull out ?
Keep practsing with Demo but do have a trading system. Develop a set of Rules for BUY & SELL.
What must you see before you BUY ? What is the set up ?
That way, your trading will be consistent.
And if those Rules dont produce the desired results, then something is wrong and you will have to discard or tweak those Rules
and keep at it until they work for you. But you must have Rules to trigger BUY and SELL signals. Without Rules, you will be buying
based on gutfeel which is tikam tikam and macam like gambling lidat. That one...cannot lah.
Demo account..... is for you to develop your Rules and test them in a safe but controlled environment where if you fall, you wont get
hurt and wont bleed. I practised with Demo for a month before I loaded live ammunition into my rifle. 

TieJiaoJie      ( Date: 15-May-2021 18:57) Posted: Bro Tik Tak, yesterday I tried paper trading and pulled the fake trigger on Ang Mo Jones at 34075 but pulled out last minute then I see it rocket up up away 😂 😂 😂 Wahaaaaaa...otherwise I will be in ITM if its for real

 

haha Iron Sis wish you all the br-east in the near future.

TieJiaoJie      ( Date: 15-May-2021 18:57) Posted: Bro Tik Tak, yesterday I tried paper trading and pulled the fake trigger on Ang Mo Jones at 34075 but pulled out last minute then I see it rocket up up away 😂 😂 😂 Wahaaaaaa...otherwise I will be in ITM if its for real

 

Lets loon to-get-her....

cucina      ( Date: 15-May-2021 17:29) Posted: Good prices there on your SGX n SCI. I got in SGX 8.45.   SCI I had sometime ago at 2.31.   With ' free' Semb Marine shares, already in the money.   But these are my long term holdings.     Like your chart explanations.   Good job!