Sunday, July 14, 2019

What has been done for past month?

For start, quick market update for last week:
- The market pulled back to a three-week low last week after climbing to its highest in four months about two weeks ago.
- The local market performance was in line with most of the markets globally except for the US market which climbed to a historical high. This indicates weak market confidence and the FBM KLCI remained in the red year-to-date while other markets are in the black.

What above to do with us if we are not in the market?

One of the readers of our blog share with us his trading track record by following the trading ideas.
He has been trade on the CCK-WA since April

The article he follow is Trading Ideas - LIONIND (4235), MRCB (1651) and CCK (7035)

Below is his result of the past 3 months trade.

Refer to the Table of his trade, he is doing pretty well and able to trade it wisely. I asked how does he do it since it almost Buy at the lowest and Sell at the highest. Refer to the chart below for better illustration.

His response is, he only set his desired Price to BUY or to SELL till GOOD IS DONE.
GTD is available in all local trading platform and it last for 30 days. He is saying, sometime he did not know the trade is done until the email is prompted. The moment he see the notice of contract done in his mailbox, he sill set the next trade accordingly. As such, he did not monitor the market closely and just leave it till done.

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