Re: 104 Technical trading experiments by HUNTER

[HUNTERTop contributor]

Thanks all for your comments!

@WRRKUMARA, Let's consider KZOO next week if it is not too late.

@LSE,  it is interesting indeed. Anyway, after all, regardless of the technique TA is supposed to judge the same crowd behavior.

@ruwan326, will try to pick a short term one next time.

@Topcat, the set up suggests buying now between 22~24/- and selling when the price reaches near 29~30/- (in March/April 2020)

----------------------------  
PS:
I think I suggested not putting more that 1% of your risk capital in any on these trades.


(Safeguarding you and myself just in case things become sour)

------------------------------

So, We have started our series of experiment.

Trade#: 001
Date: 19 Nov 2019
Buy@: 23/-
SL@: 19.50/-
TP@: 29.50/-
Hold Until: April 2020

[lanka]

Thanks Hunter.

[Topcat]

entered to the game.

[කිත්සිරි ද සිල්වාTop contributor]

Welcome to the Hunting expedition.
(Don't get unduly worried. Today is the Xdate).

[The Invisible]

I would like to bet on MGT. Anyone with me?

[slstockVeteran]

A bit concerned on all this.  
But will keep silent accepting the majority wish.

ps :    In momentum based market like this , when  ASI rises , any share can go up.  
So concern is not about  achieving (or not achieving)  the target set    

Reserving my  comments as  I see many  people including another  
Moderator  is ok  

[BackstageTop contributor]

I already have AEL in PF bought at lower. So no point buying more for this.

[HUNTERTop contributor]

I already have AEL in PF bought at lower. So no point buying more for this.

If you like to experience trading, need to get the hands dirty.
Just for fun, may be you can open a new account with some petty cash to burn on these experiments.

Trading is largely a psychological game, the opponent is your own mind. Opponent is activated when you're engaged with a trade.

[slstockVeteran]

I already have AEL in PF bought at lower. So no point buying more for this.

If you like to experience trading, need to get the hands dirty.
Just for fun, may be you can open a new account with some petty cash to burn on these experiments.

Trading is largely a psychological game, the opponent is your own mind. Opponent is activated  when you're engaged with a trade.

Let me reveal a few concerns I have as it may be smart to do right now  
( some I can't reveal in public as other   forums/parties can capitalize  on such
 to attack this forum)


Let talk about the concern  by taking AEL as an example.

1) AEL was discussed when it was Rs 11-12 at this forum .
In summary there  will be quite a few people who bought AEL at Rs 12-13
and maybe still holding ( like Backstage) .I even suggested someone
who bought at Rs 18  before ( and at significant losses at that time)  to buy
more AEL to average  at Rs 12 as it was trading cheap.   


2)  Now for  this experiment, if many people start buying at Rs 23  is it not an
 artificial  boost to AEL and not a natural one?  Can we ( forum) get in trouble ?
Best to stay alert on the issue.


3) Now we all know why AEL started running. Was not due to a major fundamental change in value . But it was due to more of sentiment change,  speculation,  political stuff  and future expectations. So it is a Hot share.

I understand , thats what Trend trading is about and that is experiment on this
thread.  


4) I recall when I cautioned before, Hunter said he will pick liquid shares.
I understand AEL is liquid and group buying on retail  will not have major
issues on market prices of AEL.


5) But in future if  you pick  an illiquid share , HOT Shares or some other shares Hunter suggested  ( some in the list) I see it can have an effect.  Especially  on shares that have already  run a lot. Group buying now without any fundamental reason but just  based on  Trends/sentiments  can show effects  on more illiquid share prices .

6) Hunter have stop losses. Am saying for you own safety so no one can blame
you if things don't go the way you expect by chance.

7)  I think it is Best to also pay alert to any legal and ethical issues when
carrying out this experiment ( depending on the share  as it can effect the forum)

[HUNTERTop contributor]

Thanks SLS!

When a vehicle starts moving, the accelerator and steering are important.
Equally important is a good braking system.

I see a good and healthy brake in your comments.

If things start going out of control, of course, I am ready to stop this thread prematurely.
Let see the developments in coming weeks.

---

In a way, in addition to bringing some awareness on technical trading, quite unintentionally though, I feel this thread might server another purpose.

I see some posts by seniors highlighting the hidden intentions by some promoters in the forum. As an alternative to those 'baseless' promotions, let's try to present, to 'newbies' some trading ideas in a more methodical and organized manner here.
Additionally, we can challenge those 'promoters' to prove themselves of their performance statistically; adopting some method similar to in this thread.

While criticizing the 'bad', showing something better can be complimenting when eliminating that bad, in my view.

[BackstageTop contributor]

Hunt, how about doing it without asking people to buy shares ? we all analyze and select then track the selection with graphs/charts with periodic reviews. Let real time investment be peoples personal choices.

[AdminAdmin]

I suggest to make this a restricted thread. Anyone who is willing can opt in. I will create a restricted section for that and give access to only those who want to opt in.

[HUNTERTop contributor]

Hunt, how about doing it without asking people to buy shares ? we all analyze and select then track the selection with graphs/charts with periodic reviews. Let real time investment be peoples personal choices.

Oh yes!
This has to be totally voluntary.

To clarify if there is any misunderstanding......

Those who wish for first hand experience can execute their own chosen trades.
Others can just watch.

I don't intend this to be a collective activity.

Our actions here should not affect the natural market movement.

-------------
What I suggested was, to get the first hand experience, you need to execute trades.
Even buying just one or two shares would do.

-----------

To manage the fear of loosing, you need to loose few trades.
You cannot loose a trades without buying in the first place.

[HUNTERTop contributor]

I suggest to make this a restricted thread. Anyone who is willing can opt in. I will create a restricted section for that and give access to only those who want to opt in.

I am OK with that suggestion!

[AdminAdmin]

New group and section created. HUNTER given details. This thread will be moved there.

HUNTER can leave a note in this section about this thread and how to join

[HUNTERTop contributor]

Thanks Admin!

Dear All,

With my consent, due to the sensitive nature of this experiment, and in order to have some control, as suggested by the Admin, we will continue this discussion in a restricted area.

This area is a restricted section under technical trading.

Now, how to join this section:
For the time being, I am nominated as the moderator in that section (I am willing to hand over the moderator function to any volunteer).

I will grant access to that section, upon request, to anyone falling under any of following categories:

* Veterans
* Moderators / admins
* Top contributors
* Anyone nominated by any of the above

Let me know if the above is acceptable.

-----------

Dear Admin,

Let's copy this threat in the restricted area to continue. While keeping a duplicate here up to this post.

[කිත්සිරි ද සිල්වාTop contributor]

I thought I will get automatic entry being one of the oldest and most likely the only Presidential candidate for 2025 election here.

[HUNTERTop contributor]

I thought I will get automatic entry being one of the oldest and most likely the only Presidential candidate for 2025 election here.

You're added.
Adding only upon request.

Anyway, if you like, I will make you the moderator there. So you will define who get access.

What do you say Kith?

[AdminAdmin]

Dear Admin,

Let's copy this threat in the restricted area to continue. While keeping a duplicate here up to this post.

Cannot duplicate. This thread will be moved. Please open a new post in the original section mentioning what this is about.

[BackstageTop contributor]

So Hunter, what's your view of the AEL technical chart I sent you ? (I don't know how to put the image here.) It suggest a bigger pull back before rising.

[HUNTERTop contributor]

So Hunter, what's your view of the AEL technical chart I sent you ? (I don't know how to put the image here.) It suggest a bigger pull back before rising.

Here is your chart..




Considering the -/75 dividend payout, I also think a pull back towards 19.70 is possible. If the price goes below that, it might be a sign of some problem.

[HUNTERTop contributor]

Gents!

How do you think we should continue this thread?
I have given access to only 3 so far;

Bakstage
Kithsiri
Yellow Knife

If continuing is not useful, let this have a natural death.

[කිත්සිරි ද සිල්වාTop contributor]

Rana has shown interest and Am sure he is a worthy inclusion too.
Thanks.

[BackstageTop contributor]

What would be the critical mass needed for this to work. How are we to get the needed people ?

[කිත්සිරි ද සිල්වාTop contributor]

Yes, I have no issue.

I thought I will get automatic entry being one of the oldest and most likely the only Presidential candidate for 2025 election here.

You're added.
Adding only upon request.

Anyway, if you like, I will make you the moderator there. So you will define who get access.

What do you say Kith?