I know it can be a little scary when you are averaging up instead of what's commonly preached, averaging down when you go long on a stock, index, etc.
The purpose of this chart is to illustrate there are ample opportunities in the market if one bothers to look closely. Some of the things I discovered in my journey of trading/investment on missing out good deals are , but not limited to :
1. Greed - wanting to partake in each and every stock out there. We need to know the size of our capital and by spreading ourselves too thinly, we may lose opportunities like this.
2. Lack of strategy - Without a consistent strategy, one's confidence in analysing the chart is based on what's the latest kids in town (indicators) to rely on. That is dangerous because it can send conflicting data and if one misread it , again, opportunities are lost.......
3. Fear - I should have bought at this price ......a common thing we heard from traders all the time. To put things in perspective, is it too late to enter now ? There are no fewer than 3 opportunities that I have shown that one can enter for this stock.
4. Pride - Are you too concerned about buying at a higher price and worrying if it falls, it would be embarrassing to tell your friends about it ? We , humans sometime place too much emphasis on pride and because of that, we let a good opportunity slip by.
Read the latest article here and you may want to reconsider when the next opportunity present itself...
The purpose of this chart is to illustrate there are ample opportunities in the market if one bothers to look closely. Some of the things I discovered in my journey of trading/investment on missing out good deals are , but not limited to :
1. Greed - wanting to partake in each and every stock out there. We need to know the size of our capital and by spreading ourselves too thinly, we may lose opportunities like this.
2. Lack of strategy - Without a consistent strategy, one's confidence in analysing the chart is based on what's the latest kids in town (indicators) to rely on. That is dangerous because it can send conflicting data and if one misread it , again, opportunities are lost.......
3. Fear - I should have bought at this price ......a common thing we heard from traders all the time. To put things in perspective, is it too late to enter now ? There are no fewer than 3 opportunities that I have shown that one can enter for this stock.
4. Pride - Are you too concerned about buying at a higher price and worrying if it falls, it would be embarrassing to tell your friends about it ? We , humans sometime place too much emphasis on pride and because of that, we let a good opportunity slip by.
Read the latest article here and you may want to reconsider when the next opportunity present itself...
Comment:
let's see if it will close the gap around 520 before rebounding
Comment:
Comment:
Could this be the reason why Tencent shares are down lately ?
www.chinadaily.com.c...31083481725d409.html
www.chinadaily.com.c...31083481725d409.html
Comment:
I get several queries on this stock - when to buy and etc. Just look at the chart, it shows you selling is not done yet and the whipsaw is ongoing. There are 2 gaps that it might revisit to close before rebounding.
522-530 first gap. ( you can buy some here when there is bullish signal as it might not revisit 2nd gap)
499 -503 2nd gap. ( I will buy more here if the price comes down to this level)
522-530 first gap. ( you can buy some here when there is bullish signal as it might not revisit 2nd gap)
499 -503 2nd gap. ( I will buy more here if the price comes down to this level)
Comment:
My wish was fulfilled last night when the price drops more than 7% to exactly 499 and I loaded more on this stock. Short term, we can expect some volatility due to the ban of Wechat in US.
Nothing is cast in stone yet so we must not read too much into it. Plus, many tech stocks have gone up a lot so yesterday fall may be a good time to take some profits off the table as well....
Nothing is cast in stone yet so we must not read too much into it. Plus, many tech stocks have gone up a lot so yesterday fall may be a good time to take some profits off the table as well....
