I lost all my Year 2020 profit.. and more

On 23 March 2020, I cutloss all my holdings during the Market opening despite holding 650 lots of LCTITAN. The selling price was RM1.01. The loss was in five digits. Today it's priced at RM2.47.

I calculated my net loss from January to May 2020. I overtraded and made many blunders. The net loss was RM13 563.85. My heart just sunk.

Worse, I missed the March selldown. I had used up all my money to buy Malaysian stocks on 20 March 2020. KLCI just kept moving up. The gloves counters too. The Covid 19 related counters too. 

KLCI shot 6.85% above 1300 today

Since 30th December 2019, KLCI had dropped 25%. Smoothed RSI (14) was 12.7% yesterday.

Today, I followed most of Cikgu's trades. But I was hesitant as first.

Previous day, I bought 350 lots at RM0.525. By 9.33 a.m., I could hold my emotion anymore as I was monitoring its prices. That 30 minutes earlier was excruciating. Paper loss was around RM500. When I was readied to cutloss, it flew off to RM0.545 for me to sell. As usual, after I sold, the stock rocketed. At 2.55 p.m., I followed the next trade at RM0.63. I was scared and did not dare to buy big. 13 minutes later, I sold it off at RM0.655. Of course it flew off to RM0.705. I bought back at RM0.68 at 4.13 p.m. Only two trades done today.

Nice bullish engulfing and high volume, ya.

I followed a JAKS trade at 11.32 a.m. 100 lots at RM0.725. Of course I was hesitant. I readied to cutloss at RM0.70. As soon as market opened, I sold at RM0.75. 30 minutes later, another buying was done at RM0.755. Greed took over me. 150 lots. Buying activities were strong in the afternoon. I should had sold them off at RM0.775 but were not done.

LCTITAN is an interesting, down trending stock.

When the afternoon session started, big buying activities came in.

Cikgu started buying the stock and I followed at 2.58 p.m. cautiously. 50 lots at RM1.07. An hour later, it was added at RM1.06. Then, it shot straight away to limit up at RM1.28! But I sold them for RM1.21. Then it came down fast. I was estatic and gung-ho. I bought huge 150 lots at RM1.26. Another 150 lots at RM1.20. By closing, my paperloss was RM2500.

Cutloss on Monday?

As the dust settled for the day, I gained around RM3500 profit.

Waking up from being stoned

A day after the big loss, I made another trade in BJTOTO. I bought at RM2.04 only to sell it off in half an hour at RM2.19. A total of cool RM1289.10 profit.

I bought AIRASIA for the third trade this month at RM0.63. I followed his trade with 250 lots.  The next day, Cikgu Teh managed to make quite a few trades on her on the same day. Everyone was on their screens, looking at its price but had no confidence to trade on her. By his second trade, my confidence ran low as I didn't manage to sell at RM0.65 earlier. I sold at RM0.635.

I traded high risk HSI-HAF too. I bought 100 lots at RM1.65 and parked RM1.70. 15 minutes later, when I checked, it was done! RM471.66 profit. The next day, it shot to RM.196. Missed a near RM3 thousand opportunity. But what if it gapped down instead.

A total profit of RM1815.03 to recoup Monday's losses.

Today's meltdown was severe

9.00 a.m.   
KLCI was sinking deep. More than 40 points down and I was stoned. Paper loss was more than four thousand ringgits. Cikgu Teh was busy selling all his stocks. I was clinging on the hope it would rebound.

9.04 a.m.   
I took a snapshot of my losses. I was stoned. I was still hoping for a rebound.

Five stocks were purchased for forming hammers last Friday.

Airasia, 200 lots was first to cutloss. Sentiment was getting worse. I needed to get rid of all those stocks. Cikgu Teh had sold off all of his holdings.

Losses had blown out to RM2300. My hesitation had reduced my fund much further. Airasia sold at RM0.74. It closed at RM0.70.

LCTITAN, 100 lots was next to chop at RM1.31 for RM500 loss. It closed at RM1.23.

SIMEPROP, 100 lots was cut at RM0.57 for RM300 loss. Last Friday, it closed as a hammer.
Today, it closed green at RM0.58.

I hesitated to cut SPSETIA as it failed me for the fifth time. I finally cut it for RM0.85 for RM900 loss. It closed at RM0.815.

At 11 a.m., Cikgu Teh mentioned ABMB was traded at RM1.80. 10 lots would already set me back RM120. I was still reluctant to cut it till that RM1500 loss was shown on the screen. It was sold at RM1.76. It closed at RM1.67.

I lost more than RM6000 today.

Hammer does fail. Though it is the best candlestick to promise us profit.

What a BIG drop in KLCI today! More than 6% !

At 10.04am (13th March 2020, Firday), KLCI dropped 98.47 points or 6.93% from 1419.43 at yesterday's close.

It was a very big drop. At lunch time, there were 1115 losing counters versus 73 green counters.

My HSI-HAF was registering RM6460 paper profit. Cikgu Teh suggested to sell half first which I did. Keeping the other half.

If not for Cikgu Teh, a big portion of my fund would be gone in just a day.

If anyone had any funds left, almost all of them would averaged down today. It would be their last stroke of kamikaze.

Dow jones and most markets rebounded during lunch hour. When KLCI opened at 2.30pm, I sold the remaining HSI-HAF at 1.16. Half an hour later, it was 1.19. 20 minutes later, back to 1.12.

Talk about volatility.

HSI-HAF was done.

Meltdown?

At closing time, I added another 100 lots HSI-HAF (put warrant) into the earlier morning bought 100 lots, making a total of 200 lots averaging RM0.897. Cikgu Teh averaged down at closing time. I followed with risk in mind. Cutloss level calculation.

Emotion? I was very reluctant. I was afraid I most likely need to cutloss for another RM1000 the next day. I had lost just lost RM400 trade today.

Lo and Behold! Few hours later,

Hang Seng Futures is melting!

Whole European and American markets are melting.

S&P500 VIX index is more than 60!

Meltdown. This is no more selldown. Cikgu Teh gave the third e-meeting in this week alone. He taught what we should do if we are stucked in KLSE market.

We are taught not to average down in a meltdown. Sell when market rebound. If we cannot take action, we might as well quit the market for good.

Big Swing; No more swing when market bottom

Whenever Cikgu Teh taught something, I tend to scribble everywhere. Bad record mangement caused me to lose a lot of kertas conteng gained over the years.

Today I asked him "When market crashed and at its bottom, will there be big swing like what we are experiencing now?" He said no and told me to JOT IT DOWN. he asked why.

Because people are tired of the swing here swing there, they get tired and stop doing anymore swing. Insider joke la...

Seriously, People had no interest in stock anymore. Almost all of them stuck and never cutloss. People had no more money to buy. There is no more buyer. People are scrambling to sell stock. Cikgu Teh asked us to listen to a RenCai youtube post by Hu Li Yang to understand better.

There will be no more swing when market bottom.

Volatile Year 2020.. I am not losing money

It's March 2020. One fine day (9th March 2020), KLCI lost more than 60 points. And I am not holding a single stock except a put warrant (HSI-H8W).

Last Friday, Cikgu Teh warned everyone in the Stock Watch to sell all the stocks as market sentiment had turned bad. I cutloss my LCTITAN (100 lots) and SPSETIA (130 lots). Losses were around two thousand ringgits. At closing time, I bought 200 lots of HSI-H8W.

When market opened on Monday (9th March 2020), I saw my paper gain was more than four thousand ringgits. Cikgu Teh had 600 lots.

I sold for RM3718.15 profit. Enough to cover any losses incurred throughout Year 2020.

Cikgu Teh still managed to make a few more trades but I only managed to buy some at closing time.

I had stopped counting my profit or losses as I am preparing for the big crash that is coming soon.

Cikgu Teh had taught us how to maximise profit in this coming crash. And I am preparing funds for this coming crash.

Emotion Control is not easy to learn. When HSI-H8W opened earlier, I hesitated to sell for a RM50 profit, only to see it tumbled to more than RM500 losses. I panicked. I regretted not selling it. I kept looking at the screen every minute. I did not want this losses. Would it get more serious. Dow is recovering more than 500 points. The Hang Seng futures was showing a huge gap up. My heart sank. I don't know what to do.

Cikgu Teh, as usual still cool as cucumber, and replying to all questions in the SW2020. As long as he did not say anything, I just kept dormant. I clicked queue sell for RM0.46.

I reached home from market to see my queue was done! And in that very short time, Cikgu Teh managed to sell at RM0.49. That's the high level of trading. Master's level. I am happy with my profit, enough to pay for my children's lunch.