dimpledbrain

The conceptual framework for a man's search for meaning

dimpledbrain header image 4

Mental Experiment: Incoming train

January 10th, 2020 by dimpledbrain
Respond

Imagine there is an incoming train. Do you have anyone in mind that you will:

  • Jump down to the train track to save the person at all costs
  • Extend your arm to save
  • Do nothing
  • Give a kick to the person down the track

This is a mental experiment – there won’t be any repercussion of any kind at all. No one will notice. Among all the people that you know, who is in which bucket?

Count the number of people in each of the 4 buckets

Now, after it has given you extreme satisfaction on Bucket C and Bucket D, consider this – the incoming train might never come, but it is within our control to remove all those people in these two buckets from our life.

Or at least minimize them in your life. That’s 100% within our control

Food for thought?

Tags: No Comments.

BTC

January 8th, 2020 by dimpledbrain
Respond

  1. From the last BTC post, the price was around ~USD7300
  2. I said it looks like it is turning down
  3. It then went down to a low of ~USD6400 although it did so more precipitously ( I said it would probably turn down in the next 1-2 months; it just took 1/2 month, give or take)
  4. It then blasted through the resistance line of ~USD7,700
  5. So what are the new levels to watch
  6. At resistance, it could potentially reach for the USD9.5K line, while support is at the USD7,700 line
  7. Let’s revisit this in 1 month’s time

Tags:   No Comments.

PETRONM

December 20th, 2019 by dimpledbrain
Respond

  1. PetronM appears to be halting to a standstill
  2. It has the chance to breakout to reach RM7, a resistance line from previous high
  3. Stop should be placed somewhere underneath the clusters around RM5 (highlighted)

Tags:   No Comments.

FBMKLCI

December 20th, 2019 by dimpledbrain
Respond

  1. In the last post, I mentioned that KLCI might go up to the lower of the upper channel for window dressing purpose (highlighted middle yellow)
  2. It exceeded my expectation and blasted through the line
  3. From here we have a clear trading channel line (highlighted yellow bottom and top)
  4. We would need to see what the price does when it approaches the 2 lines (support/ resistance) for us to make the next educated guess
  5. Happy holidays

Tags: No Comments.

FBMKLCI

December 11th, 2019 by dimpledbrain
Respond

  1. We have noted that FBMKLCI has been weak since some time ago
  2. Currently, there is temporary support ~1550 level
  3. It might go back up to the upper of the downward channel (year end window dressing)
  4. Note that the volume that has been high on the way down (highlighted)
  5. On the balance of probability, it favours on the downside in the next 3-6 months

Tags: No Comments.

BTC

December 10th, 2019 by dimpledbrain
Respond

  1. From the last update, BTC has slammed down.
  2. The line at ~7800 becomes the resistance line
  3. At this juncture, it looks to me that BTC is turning down
  4. Let’s revisit this in 1-2 months’ time

Tags: No Comments.

Cypark

December 6th, 2019 by dimpledbrain
Respond

  1. Cypark looks like at a good place to buy
  2. Have highlighted 2 areas of support

Tags: No Comments.

IGBREIT

December 4th, 2019 by dimpledbrain
Respond

  1. For long term investors/ and swing traders, IGBREIT is at a good position to buy
  2. The 2 highlighted areas are the target and stop for shorter term holders
  3. For longer term holders, you should just buy, forget about it and collect the dividends along the way

Tags:   No Comments.

Maybank

November 8th, 2019 by dimpledbrain
Respond

  1. somewhere around end August (highlighted A) I mentioned that a better place to buy Maybank is at RM8
  2. I mentioned the probability of it going up is low and is not a good place to trade
  3. The market subsequently proved me wrong by going up to the high of the downward channel
  4. At this juncture, we need demand to come in to push Maybank through the highlighted area of B, failing which I think chance favours the downside for FBMKLCI as a whole

Tags: No Comments.

A Student of the Market

November 6th, 2019 by dimpledbrain
Respond

Today I want to narrate an observation and something that I learnt (usually the hard way) in the market.

Are you interested to be right or be able to make money in the market?

Most of us are psychologically inclined (no thanks to social conditioning) to appear right ( at the expense of making money in the market)

This is manifested in 2 obvious ways:

  1. We overstay our huge losses (with the intent of getting out even, so that our decision doesn’t look foolish)
  2. We cut our profits early (with the intent of locking in our small profit and not risking it so that if the market turns down, our decision makes us feel right)

These 2 are the most expensive lessons in the market.

Naturally we need to do the exact opposite to make money in the market. Being right or being wrong is an after effect.

Tags:   No Comments.

button-canoe
button-canoe
button-canoe
button-canoe