Bullish Wave Rider

Now, we are not saying that the trend has ended, no. But the with the construction index shows similar patterns, and public and market are getting too excited, sky-high price targets are everywhere, we are getting somewhat cautious. How to deal with climax run situation (if confirmed): a. Tighten stop - this can be done various ways. From ma50 to ma20, ma20 to ma10, or from swing lows after new highs, to ALL swing lows even with lower highs; b. Partial profit taking on strength c. Sell on distribution signs, e.g. high vol but daily gain is comparatively small (someone is selling when general people is buying) There are many ways, these are just some of them. Hence, read, do case studies, learn to find out which one suits us. Remember "Everyone can make money in strong markets, but not many can keep it when the market is going down" May Allah help us to make the best decision. #climaxrunstudy #casestudy #notetoself

GAMUDA - The Market / Public Are Too Excited? - #climaxrunstudy #casestudy Ok lepas anak kacau tadi dah susah nak tido, so lets study. Cant help but notice how Gamuda has rallied strongly recently, memang menyesal tak study positional trading muchhhh earlier becoz we managed to buy Gamuda few times during RM4 range but I just did swing trading. But, i guess we always need to start somewhere. Recently we did study climax run quite a lot, because to us, other than selling on potential weakness, we also need to gauge when to tighten stop or when to sell when the market is getting excited, and this is when climax run should be in focus, no wonder Oneil, Mark Minervini, Brad Koteshwar and other authors/ legendary traders wrote this in their book. We did mentioned previously in Hupseng's post on some criteria of climax run, two most notable ones; multiple biggest weekly/ daily candles since the rally and highest spiking volume since the rally, AND they are BOTH HERE in Gamuda. (1/2)

How Brad Koteshwar looked for potential exhaust (climax) top. -highlighted in red And yes, we are reading a new book. Our principle now is "Less Trading and More Learning" Because it is from learning that we can get more meaningful / significant profits during bull markets and keep them during bad markets. #continuouslearning #notetoself

Synergy - #casestudy After 300% rally from initial base, is the game over?

Hupseng - #casestudy Did we make the right decision to sell before? Is this a confirmed climax run? So far dropped almost 13% from top. Interesting to see in coming weeks whether this is indeed climax run, or just forming another base. In any case, we have locked our profits, but the knowledge to be learnt is priceless.

Some Key points of J Powell testimony last night. June inflation data will be released tonight. Expect 3.1% year on year inflation number vs 3.3% actual May.

Market always has tricks to humble us down Harini and esok sebenarnya on holiday with family, so probably not going to be as active, of course, as a positional trader, this is perfectly fine as we dont need to trade everyday. 😉 Glanced through a bit on the market, and noticed that index and stocks are retracing from their highs, and some stocks even turned red/neutral from double digit % green. Hence, index has yet to confirm its uptrend as at today. This i guess just a small reminder from the market that regardless how strong the market is, how strong the setup, how confident are we with our stocks, we cant never let our guard down, risk management is a MUST in the market. I always remember one quote from many books that I read: "Almost everyone can make money during strong market, but not everyone can keep it when the market is going down" Im not saying the market is suddenly bad now, but a reminder to myself to remain highly disciplined, regardless the condition of the market. #index #marketoutlook