Gold is above 1750 and the last time I told my tratles about buying into Gold was at 1550 recently. It has been up up up for USD200 now. Sliver is trading above USD34 now, up from USD27. USD/MYR is down down down from 3.15 range to 3.02 now. Crude oil at USD97, below USD100 now. I am monitoring these in daily basis.

Can we be satisfied with our profits? Can greed leads more to chase up more stocks and reaching new high?

2.25 pm : KLCI was in RED this morning but recovered. PChem continues it good run ... Coastal rebounded and MudaJaya in profit-taking mode.

How to gain 10% per annum

I do have many idea of obtaining my 10% target given to me as a 'challenge'. Well ... I will share here one of the 'idea'.

Say you have RM100k to start with. 10% profits means, you need a net profit of RM10k, right?

As markets have their good months and bad months, assuming 5 good ones. So, RM10k divided by 5 = RM2k. That means ... I need to gain a profit of 2% of my total capital, right?

Put half the cash dormant(some still give u 1% interest, u know), use half of the amount to trade during that GOOD month. I am going to assume that you have simple basic common-sense. MAJORITY in markets or KLSE DO NOT have such sense, mind you(otherwise, explain to me again HOW those 80%-90% of them STILL losing money in such a bullish-market?)

So, with your RM50k, using simple logic(no complicated TA but some knowledge of FA assumed) ... to gain RM2k, I need to gain 4% now, right? Taking away some for transaction fees, safely to say I need 5% profits from my RM50k in that good month. Deal?

Look ... do you think it is possible to gain 5% in good months? THINK ... are you patience enough to participate actively monitoring your trades and buying at good level? Yes, timing is the point ... also, knowledge and experience will give us the confidence.

In good months, it is rather easy to gain RM5k using RM50 .. that is 10%. Do remember that I am being conservative here. I am being very defensive and putting it that .... yes, I do think so 10% in a good month is possible!!

If it sound so easy, may I know WHY there are so many of them in the market losing money? Yes, I will bring this subject again in my tonight's meeting with my tratles. I will remind everyone how to be satisfied with their profits ... we have been gaining so many good trades in these few months that ... suddenly ... suddenly ... losing money in market is a HISTORY!!

CT told me that day honestly ... before he came to my classes, he doesnt know what to do much. He cut off and lost few thousands of ringgit. After with the group, he has profitted double of his losses!! Yup, the current rally making everyone to believe that we are in bull-market!!

Yes, I like the idea ... "DO NOT lose money" and I will continue to remind my tratles when greed in play.

Tratles meeting tonight is set : Today we will discuss more of the reversal signals and candlesticks!! Yes, they have been with me for 4-5 months but I am STILL taking my sweet old time to teach them ... err ... basic? It is basic until some more advanced ones, I will show formation of charts and such. Slowly learn ... take the steps ... and most of them profitting well now. AT LEAST they wont lose money anymore?

Well, not losing money is good ... you are the top 20% in the markets!! Believe it? wow!!

to be continued

TEH