My Trading Adventure

Focus needed

CP TEH
Publish date: Wed, 06 Jun 2012, 10:11 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.
KLCI up another 5 points ... recovering from the sell-down of 18 points two days ago. When I decided to cut-loss and moved out, it is a decision that I made and we should not regret on those decisions we made. Also, we should not blame anyone for the losses we made(JTiasa case) as I feel it is un-fair to make others the scapegoats for our mistakes. We should take responsibilities ... and learn from the mistakes. Take it positively ... and the less mistakes we will be doing in future, we have improved.

What is important is to keep our focus. Too many stocks in our hands making us losing the focus that we needed. We lose control of our tracking ... and it only could bring further 'disasterous' outcomes. So, we need to pull ourselves back into track, take a pause ... to look into whole picture again. Do not over-trade and over-diversify. Re-collect our bullets ... shoot of the few we are confident with.

HSI opens ... 100 points up.

Yes, the excitement just started ... with so many stocks in oversold region and cheaper now. Buying spree again ... yeah.

TEH
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Discussions
1 person likes this. Showing 2 of 2 comments

lotsofmoney

I call it the eye of the storm. The worst is yet to come.

2012-06-06 16:17

Jonathan Keung

my personal opinion is not to hold too many counters ( maybe 4-5 counters max). if there is a sell down at least we can try to formulate a exit plan. cut losses within a certian price range. too many counters we tend to lose our focus.

2012-06-06 16:42

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