First sale of stock

The day when the oil stocks dropped to 0, I sold all my stocks.

I lost some in VELESTO but earned in NOTION.

I invest around 1k, gained back more than 1k. So lucky.

However, temporarily I haven't buy any stocks caused the economy is not good and the market is going down.

Buy American. I Am. Summary

Warrent Buffett said: Be fearful when others are greedy, and be greedy when others are fearful. During economical crisis, businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Nobody can predict the short-term movements of the stock market. However, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.





For full article: https://www.nytimes.com/2008/10/17/opinion/17buffett.html

My second trade

On 7/4/2020, brought 0083-NOTION VTEC BHD at RM0.0750 per share.

On the day I brought, the share price maintained at RM0.0750 until closing.

The next day, 8/4/2020, the price dropped until RM0.0705. (The Dow Jones dropped a little the night before)
Lesson of the day, you will never know, when will the market changed. NOBODY KNOWS. So, if trade for short period, next time should buy on morning and cut before market close. (IDEALLY)
There was a sound in my head calling me to cut loss at RM0.072 BUT I didn't.

On 9/4/2020 which is now, the price shoot up to RM0.0775 per share. My TP is above RM0.83.


So, lets talk about why i buy this stock.

The black line is the MA240 line, which is the first indicator I learnt.
On 7/4/2020, I saw the stock price went up, crossing the black line, so I brought the stocks in.
Anyway, after that, the price dropped and cross the line again.
LESSON 2, even if the stock price cross the MA240's line, doesn't mean it will go up, IT WILL GO DOWN TOO!


A little note on the first stock I brought, VELESTO. After almost 1 week, the price still have no big change, now trading at RM0.170 per share, for me it's still OK cause I only put in RM100...(which is stupid, I have to wait till it goes to RM0.22 only I made profit).
LESSON, the lowest trading still need to be around RM1k due to all the fees and taxes.

First trade of my life

Just a simple recording...
I did my first purchase of my life in stocks, buying VELESTO at 0.165 on 2.4.2020 for 5 lots.
I know is not worth it for broker fee and all those tax but I just want to have a try on how the buying stocks works. It's experience.

Image 1

So, from the above image, we can see that the total additional tax and fees cost me more than 10% of my costing, which I should take note of it next time.

I started my trading journey with this stock and it was quite a panic... because this is my first time operating the platform and buying a stock BUT it's OK. I will get better next time.

By the way, would like to talk more about the market. On March 2020, the outbreak of COVID-19, make the market dropped till around 1200, but on April it already rose till 1300.. Many said that this is a bull market, but I still not quite sure... The feeling inside me is so confused, of cause, mostly because I am totally new and without experience. So, I will put more work into reading articles and books regarding investing in stocks and learning the Technical Analysis (TA).

Oh, ya.. almost forgot, there was another issue that suppose to cause the market to drop (although it went opposite...WHICH I also don't understand), the BRUDE OIL market price drop till less than 20USD per barrel. Just noting down here and will update next time if I buy any stock.