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.
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