Break from Posting on Blog

I have stopped posting lists on my blog and quite lost interest to post due to stretched downtrend thanks to tariffs.

Though I could post with little extra effort due to no special format for the daily lists, there wasn't an edge in my own trading with daily lists. And it was not possible with a day job.

Two months after the last post though, I figured out the cause for problems in my execution. For trading stocks, not only is wisdom important, not only preparing the daily data (stock lists, events), not only following rules of money management and patterns, the 4th one is the execution aspect. I could not figure it out for a long time. Thanks to the age AI, by end of December I had figured it out.

Then I had practiced it on chartgame.com as usual and got the hang of it. But right now I made up a mission in the semiconductor industry (whether it is stupid or worthy I couldn't figure out yet), that is keeping me busy.

At this point though trading isn't the most exciting thing to do. Maybe after the epiphany it feels like that. Or I zoomed out on life so much to focus on the main purpose of life. But it stays as one of the priority certainly. So I will get back to it.

Read the disclaimer before making any investment/trading decisions.

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The Fate of SELMCL from here on

The stock has not yet shown signs of any recovery as it hasn’t stopped making new lows. Why I am concentrating more on this stock is because it is an exceptional stock compared to any other stock.

Its long term trend is temporarily changed to down trend. Presently it if forming lower lows and lower highs indicating the pain is not yet over.

Just take a look at this chart. It is clear that it is facing pressure from a distressed seller. The high volumes coupled with its ability to make lower highs and lower lows prove that point.

So I expect it to break down further in the coming days/weeks, if not on Monday. We can clearly see that it had traded for a long time in the part (April) around 400 and that served the purpose of being a stop for the last three days as it is still hovering around that level.

In the same way I expect it to retrace back to 500 after many weeks as it traded around that value for many days in June and July and it had been resistance in May. That implies clearly that it can become a resistance in the future also.

My next bet on this stock is to enter after it makes a quick recovery from the lowest low and consolidates for few days. I will then post here at what price to enter and exit.

Update: I watched this stock once in few years and always felt elated seeing it at lower and lower prices. Though it did bounces occasionally once in a few years, they didn't match those of the gainers in each bull market. As of today, 11 Dec 2019, SELMCL share price came down to 0.90. What a fall from 500 levels a decade ago. With GDR share price dilution happened which was one reason for the fall a decade ago. Since it has not stopped falling, neither is it getting delisted from the exchanges. There are many such stocks in the market which keep going lower and lower. I have seen MVL, Antarctica, MTEDUCARE, etc. Recently DHFL, Yes Bank are following the suit. Strictly avoid touching these stocks. It is ok to watch them for fun only.

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