Blog: Making quick money in day trading in the stock market! kcchongnz

 Jun 7, 2020 2:36 AM | Report Abuse 

Reminiscences of a Stock Operator, written by a reporter :

is the only BOOK all successful billionaire hedge fund managers old n young swell at it.

Learning from the original successful wall street operator is the 1st lesson. all who want to succeed in stocks must read!

My friend the multi-millionaire is the # 1 stockist in msia. He's the exact replica of jesse livermore.

Story # 1:
On the v 1st day of airasia listing, my stockist friend made a HUGE pile.
I went to his house n asked him how he made it.

Airasia ipo price was at i guessed 98 sen.
So on listing day there were lots of selling of this big plc.

My friend a billionaire now said he trained himself the talented skill to read n remember all the buy n sell queues from 9 am to 5 pm of a stock.
There were super BIG sellers Q to sell at 98.5 n 99.
He said, at 98 price the buyers kept coming everytime when big sellers threw at it = i.e. the golden setup for him.

At abt 4 pm, he decided to take that all important RISK. He walloped all the BIG sellers at 98.5 n 99. All eatened up by him alone, n airasia flied like crazzy.
Now we know pple called him super rich TIGER.

Jesse Livermore had NO formal education. At tender age of 16 he was a price marker like my friend, always running across the wide board to update stock prices.
Livermore is still the world # 1 stock trader on world record after adjusting for inflation.
He knew nothing abt FA. Many PLC insiders conned him into the game. That forced him to switch line to commodity, yes cotton trading.
He was superbly successful in stocks but in cotton he took his life finally.

Never attempt to trade in commodity!

MORAL:
i. All traders must learn some knowhow in FA.
KC Chong I believe is a good passionate teacher n his fee is so little, for a hand-holding lesson.
ii. 2 parts
a. Right Stock Selection
Buy WHAT mr market wants to play UP
by knowing how to read newspaper to identify the right stocks in play.
b. Right Timing
There r 2 cycles per year on klse.
MACD is abt 99% accurate for all great winning stocks.
If not, that stock is lousy stock.

This is the latest news flow now:

https://www.weforum.org/agenda/2020/06/who-updates-guidance-on-masks-heres-what-to-know-now/

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/06/06/wear-masks-in-public-says-who-in-new-coronavirus-advice#cxrecs_s