My trading

Target Price - leave some profit for others

Hiu Chee Keong
Publish date: Fri, 15 Apr 2016, 06:10 AM
Some of my trading

When i buy a share, i always check the target price given by the research firms first. Sometimes the TP given by them quite wide different. So i pick the one in the lower end side.

I pick a share that have good PE, performance and fundament, and use the TP as reference, will only buy if its price is at least 20% below the TP. And i will sell it when it reach +10%, leave the other 10% for the next buyer to profit, a win win situation. Otherwise why the next guy wants to buy from me if it alreday reach the target price :D

i have growth my account 10%+ so far for 10 months, the win lost ratio is about 10:1 (i group break even and profit couple ringgit as loser trade as well) . This technique didn't earn me big profit fir each trade, but so far so good, did work for me.

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