More Tencent

Markets may be approaching exciting times.
Times of good discounts.
Bought another 20 Tencent (TCHEY).
The next time I buy should be around USD$23.
I take the chance to accumulate China shares.
The next one I am eyeing is Ali Baba.
But there is still some way to go before I buy BABA.
I am waiting for USD$120 for BABA.
Which is good, so that I am not on a buying frenzy. Need to save bullets if markets crash.

More Capitaland

Price has dropped to 3.12.
It is one of the first share I ever bought.
Previously I paid 3.76, around there.
That was many years ago, might be around the time of my first job, which is 7 or 8 years ago.
I still have that share.
So with this purchase, I have averaged out my purchase price to around 3.44.

Like it more, after reading more info about them.
SEA has growth potential, and to me buying their share means investing into SEA.
I read somewhere that 50% of their assets are in countries with matured economies, and the other half is on countries that are growing. For example Myanmar.
The decisions they make are also in line with my idea about the future.
Recently they sold 20 of their retail malls in China.
I liked the idea, as malls to me is going to be disrupted in China by eCommerce.
And also, China is aggressively building too many of it. I am guessing.

Their PE ratio is around 9.5, and dividend yield at 3.85%.
Dividend payout ratio is around 1/3 of their earnings.
Many people now think that the economy will be heading for a downturn.
And I also feel it may, and it may be a long one.
After hearing Jack Ma say the trade war between US and China may last 20 yrs.
But I will not stop buying and guess the bottom.
Rather I will try to slow down the buying, and remember to keep some bullets to buy more during the great discount sale.

Start trading again

I am looking to start trading again.
Have been looking for ways to make more $, after reading the books that I wanted to read.
Finished LKY and Robert Kuok books.
Wanted something to fill my life to make myself productive.

So I will try to restart trading again.
Just found a missing piece of my strategy (I think).
That is to use SMA 200 to determine if it is down or up trend.
It is downtrend when line is sloping down, vice versa.

I will trade in 5 mins, major FX currencies, just like old times.
Still have 3k left in my IG account.

Firstly will determine is it is up or down trend using SMA 200.
If down trend, I will wait for it to hit the resistance level.
Then I will enter.
If it break above resistance lvl, I will exit soon.
Keep in mind that Profit Limit should be at least 2 times of Stop loss.
Learning from Adam Khoo, bet size should be around 1-2% of the money you have.
Why? It is like trading in casino with odds in your favour.
Short term you may not win, not in 100 bets, you will win.
For my case I have 3k, so my bet size should be around $30.
When I lose, it is $30, and at least $60 when I win.
My Profit Limit should be set considering the next Support lvl (if down trend).

Adam Khoo youtube, and moving forward

I think he has one of the most informative youtube videos, and they are free.

Just direct and efficient.

Video start, hands on, get to see how he does things.

Link below:

https://www.youtube.com/watch?v=OBmcK8pTdFU&t=77s

Some things interest me in the 17 min video.

Bear markets can last 6 mths to 1.5 years.

He uses 50, 150, 200 simple moving averages.

How to set in thinkorswim?

Go to charts, studies, select simple moving average, then edit studies to select periods for SMA.

SMA is useful for SPX (S&P500) chart, to see if the market is on up or down trend.

Amazon quite often bounces away from SMA 200.

Apple quite often bounces away from SMA 150.

I usually set SMA 200 in green, as I feel it is the long term story, and green means calm.

SMA 50 is usually red for me, as it is more intense, and represents more current emotions.

When SMA 200 is sloping downwards, it can mean a bear market.

Currently my thoughts on the market is that it may be a long awaited bear market.

But I will slow down on my buying.

I will still buy, but cautiously.

I want to have enough bullets when prices are real good.

But will still buy slowly just in case the bear won't last.

One way to know when prices are quite good is when stocks go to levels of 2008 crisis.

Maybe I will already have spent 50% of my reserves at the level, with the thinking that this crisis may be even worse then the previous.

I am also looking forward to stock up on Chinese shares.

China scares me, and one way to allay my fears is to invest in them.

Staying with Elon

Tesla shares is down again, at USD 268 each.
He mocked SEC again on Twitter after making a settlement with them.

I bought another 3 shares.
I am thinking only long term here.
It is the only proper electric car company in US.
I am buying more than I want to, around 4k USD on their shares.
Hope they get through this uncertain times.