My Trading Adventure

Point 1 : How not to lose money

CP TEH
Publish date: Thu, 26 Apr 2012, 08:59 AM
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.
It is nearing May again ... as I was checking on some charts, I was busier chatting yesterday. Yes, my chat-box activated for the first time yesterday. haha.

ML : A new member in m stock watch, asking around about Utopia to punt. Then, he realised he came to the wrong page. Yes, it is in my clause and condition ... I do not entertain others stocks, especially those punting empty-shell stocks, I will shoot it down and delete them. If you dont know, learn.

Then, I was in the chat-box with him and few more ... I could get a bit irritated talking to those arrogant newbies. Heck, I was trying to help him ... and upset me when he said ... 'stock-market' is luck. LUCK? He punted to win a lot, only to lose it all. Then, I asked him ... give me 10 reasons WHY majority, 80-90% losing money in markets? If one could not point out 10reasons why a person losing/lost money, it just shows that he/she is not an experience person in trading or investing. Yes, you need to LEARN and EXPLORE things in daily basis ... in touch with market pulse, to understand what is stock-markets.

So, it is obvious that one of the reason why many losing or lost money is because they do not care about understanding or learning!! I am giving you the first pointer here. Listen, NO ONE is born genius to trade markets. NO ONE. Some take is shorter time to learn, some ... like me, take a longer road to learn. Some lucky ones like my tratles and stock-wacth group... learning from me for smallest of amount(of money). Heck ... why majority do not want to learn before going into markets? Yes, I could write a book about that. Haha ... it is speaking from experiences of losing money, knowledge and words shared among traders ... honest evaluation on why we lose money. Face it. We do lose money. If losing money is not your liking(dont make it a habit, tho), then market is NOT for you. If one thinks learning about stock-market(at least 3-5 years, ok?) is not needed ... then market is not for you.

A simple honest answer : YOU WILL LOSE MONEY, in a matter of time!! Get out now!!

Ok ... very discouraging, right? That is how I started my trading class ... tell them about ... hey, welcome to a place where you have higher(80% chances) chances to lose money!! Going to Genting to gamble, at least you will have higher chances!! Serious!!

Well ... that is only a brief first pointer why we all lose money in markets. lack of knowledge and experiences. Without it, we stand no chance ... we will continue to asking around if Utopia can buy or not? Then, he said Utopia is cheap ... AirAsia is expensive!! Arrghh ... that is second pointer ... lets not get into there yet. Haha

Digest the first point. READ more good books, educate yourself first as I am stiill learning and educating myself. I am not selfish ... I share with others, with my whole group ... with a hope I could help others ... not to lose money.

Got to go.

TEH
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