Some people define "Basura Plays" as an act of making money especially when the general market sentiment is down or boring. These plays are observed to be very volatile especially on bloody days when it stands out. And strangely, in almost every instance during the early course of its run, a good rumor gets "leaked"
- turning some people mad.
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| "Give me a piece of that delicious PIE!" |
Question: So how do we spot these basuras before they fly sky-high?
Answer: It's all in the Charts!
Here are a few examples:
MR = Major Resistance
NR = New Resistance
NS = New Support
RB = Resistance Break
RT = Resistance (Touching)
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| ZHI Potential Gain from Point of Breakout to Top = +571.57% |
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| PWR Potential Gain from Point of Breakout to Top = +1,021.15% |
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| MIC Potential Gain from Point of Breakout to Top = +65.08% |
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| AR Potential Gain from Point of Breakout to CURRENT Top = +33.33% |
When you see a Basura included in the top 10-20 Gainers, check out its chart and view in a long term perspective (1-3yrs). And Look for its Major Resistance.
If it touches the major resistance but doesn't break it, add the Basura to your watchlist. Pullbacks would then be good opportunities to put your initial positions. For big traders, they call this accumulation.
A break from the major resistance would then confirm the continuation and beginning of a new plane of upsurge.
I won't be babbling about taking profits because I suck at it. KKG (Kanya Kanyang Greed) Nalang!
Just make sure you get out before the music stops.
Holding a bag of trash ain't very pretty.
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| "Uhhh... What Now?!" |
nice post sir Z.
ReplyDelete-Boomslang
sir zee, nalilito po ako kung when to exactly buy. i mean at that very moment when it break? or do you wait at the closing day to confirm? also do you check volume? plss help tagal nako nalilito dito..plzzz
ReplyDeletehi sir. nasagot na po ba tong question nio na to? same problem here
Deletesir, ang sabi po nya sa pullback. and i believe namimili siya lage at eod since yun din snbi nya before sa traders cup.
Deletesir saan pullback po sa minute chart po ba? kasi kung titignan sa chart sa taas wala po pullback nanyare haos skyrockt napo pasagot po sana
Deletesir saan pullback po minute chart po ba? kung titignan don sa chart sa taas wala po pullback o halos pagkatpos Break out skyrocke napo pasagot po sana
Deletepullback daw po ata sa NS after ma hit ung MR for your initial position, tpos breakout po ata ung final tranche
Deletethis is a very great read, exactly what i needed at the moment! thanks!
ReplyDeleteOk senpai gets ko na, problema lang sa pag LIP. Kasi sabi nyo sablay kayo dun, eh kokopyahin lng kita so sasablay din ako hahaha sana wag.
ReplyDeletePatience is the name of the play :)
ReplyDeleteSir Zee,
ReplyDeleteregarding breakout candle, ano po sir ang kinoconsider ninyo before you buy a position. Pag po ba na break na yung price nung body or nung wick. Salamat po in advance.
I give more importance on the wick.
DeleteSir additional question lang po. How do you set yung stop loss if ever a breakout became unsuccessful? Pag na reach na po ba yung -4% sell na, or sell if the price reach 2 ticks below the breakout candle? Or meron pa po kayong ibang kinoconsider?
Deletereview the DNA or the 1-3 year chat and compare if its the same
DeleteSir Zee,
ReplyDeleteFor three yrs perspective, weekly chart ba gmit nio jn o monthly sir
Na learn ko dito:
ReplyDelete1. Ito pala meaning ng basura. Stocks na malikot na sumisibol sa panahon ng tag-init. AW!
2. Bibili ng kunti pag PULLBack kung sakaling mabigong butasin ang Major Resistance.
Ang gusto kong ma LEARN:
1. Hanggan saan ang Pull Back
2. Anong gawin sa kunting shares na nabili kung PuPull back pa ng Pull Back.
Thanks a lot.
Paano po malalaman kung top 10-20 gainer ang isang basura stock?
ReplyDeleteSa investagrams makikita top. winners and losers sa market
Deletehi mga sir! newbie question.. pano malaman kung ang isang stock is basura?
ReplyDeletesalamat in advance
mostly low prices or cents lang, yung madaling pagalawing pababa at pataas.
ReplyDeletePENNY STOCK PRE
ReplyDeleteyou can check it out on the top 10 or 20 gainers
ReplyDeleteThanks sir. Zeefreaks 1st ko lang itong mabasa blog nyo after kong mabasa to, I will proceed sa advanced and masterclass nyo po. :)
ReplyDelete