I'm planning a long entry in FKLI after seeing it correct for 2 days . Probably T+4 selling might be over. The overall trend is still up while hourly trend is already oversold.
Recently I have suffered some unwanted losses in CPO and currently ,I'm holding some unrealized profits. Current position : Long at 2550 ++ . The damage has been done and I'm going to be abit cautious with my position sizing from now on until I capture a big move in the market again.
Talking about FKLI .......no hard feelings ah, traders. I understand there are many many many shorties in this market. These shorties are skillful traders and also beginners who did not believe that this market is trending upwards.Before I proceed , to those who read my blog, please understand that losing money is just a small problem..never "trade in denial" and continue to believe that the market is going to go down because nobody can predict the future. Honestly speaking recently, I long CPO at the high. Cut loss...short near the low , cut loss and now reverse to long. I accept my defeat and losses. But this FKLI provides superior shorting opportunities for those who are out of the market. Because the bigger the bull is , the bigger the bear will be. But WHEN ? Be patient , young comrades ! The time will come when the market crashes and when the market crashes, we enter short ( not before the market crash as nobody can pick the top ).
1 hour ago
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