My Trading Adventure

Stock Watch : BYD

CP TEH
Publish date: Sun, 22 Jan 2012, 11:10 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message

BYD : Entry was at HKD16.50 and exit at HKD22.50. Profit is HKD6.

That is a cool 25% profits in ONE month trade. Yes, trading with knowledge giving us the edge. By the way, W.Buffett owns about 10% of BYD and she shot up from HKD10 to HKD80(the craziness of market due to Buffett"s effect) and recently REALITY seeps in ... it dived from HKD80 to HKD12!! How not to lose money in markets? Do not be in the herd of ignorance. They are everywhere!!

BYD is highly in my trading list due to Buffett's effect, green-energy-auto craziness, affluency of China's yuppies and it is rather a new un-tap market. Hence, I will use her to trade, taking 20-30% away each time the rush is in ... PER at 18 level is considered as the high side but the Buffett's effects might push it back to HKD50 and above easily. Afterall, MANY still stucked at HKD80, remember?

Personally, I will continue to trade her.

Note : Read my disclaimer, please. Thanks

TEH
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Discussions
Be the first to like this. Showing 4 of 4 comments

Eu Rose

Congrats CP , very soon u be a millionaire .

2012-01-23 21:50

Adam Ryan

Buffet is the best.... CP u also will be like him some day....Gdluck Mr CPteh

2012-01-23 22:33

cpteh

Thanks Eu Rose. I will let many to know if I reach there, but if I fail ... at least I have tried, right? At least I do know that many of those younger ones in my group have TIME on their hands and I will groom them to be millionaires and I am seeing few of them with that potential. Just let us continue to share and learn. My group is a no-lose-money group, also Buffett's first rule. But, I am certainly no where near thousands wizards in markets who have been amazingly beating the markets in years!! Buffett does not trade ... I am just small novice who is still learning. Given time, I will prove it(to myself) that I could trade well ... and be in the elite-group with the respected traders locally. One day ...

2012-01-24 18:03

Adam Ryan

Buffet is investor...we all know that

2012-01-24 19:09

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