My Trading Adventure
Learning takes time
CP TEH
Publish date: Thu, 25 Oct 2012, 01:38 AM
CP TEH
0 2,918
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.
I have just came back from a market-talk. Well, as I am still a novice(no longer a newbie) ... I do still listen to many to learn. I do still attend talks whenever I can ... and from each talk, I could always find something I could learn, or enhance that I have known. Well, it is good reminder ... as a trader, we need to keep tap with the latest ...
I always share with my tratles(and e-tratles) telling them how difficult trading could be, rather than giving them FALSE pictures of how easy trading could be(as advertised). In my opinion, whatever written ... too good to be true is not true. So, I m using lots of common sense ... A LOT. I do analyse fundamentals of companies ... news related too. That is FA + NA ... then only I will check the charts to see the technical landscapes of the stock. It is difficult to answer someone when he/she asks my opinion about ... say, XYZ? If the stock is not in my list, it means I did not follow the stories/news related to the particular counters. I can trade GenM, AirAsia ... TM easier than those pennies like GPacket. If you are my 'old' readers, you will understand where I came from ... how I developed to what I am today and the directions I am going. I m your slow-coach ... learning for nearly 5 years now, yet still a novice.
TM : Many in my group taken the trade when I moved in around RM6. Some got at 5.98-5.99, cheaper than me AGAIN. Anyway, when they knew I m moving huge into it, it shows confidence ... and many bought at RM6. I am glad it turn out to be good, again. Yes, many in my stock-watch with me for a year now(for small fees) ... and I do add some educational comments for some to learn how I could trade consistently. When to sell? Checking RM6.20, RM6.30 next ...
Note : I do not ask anyone to buy or sell. I am just telling them what I bought, at what level I bought and when I sell, I will tell them ... it is up to them to take the trade .... buy or sell. That is my stock-watch group I am trying to promote.
In my opinions, if you are less than 1 year in market, you do not know anything much. Well, I may be 'blunt' but I am just pointing out some truths. If you profitted from a counter, good. But ... you may not even know why you buy, at what level are you buying ... what you bought. Then, came the selling part which could be very difficult too. If it goes against you, you will get stucked ... and that is REAL pain ... paper-loss is a loss. Accept that and move on ... cut-loss early may sound logical but ... again, we do not place logic when it comes to trading. We could be lost ... as we are newbies.
Imagine a new person in market gained from Amedia ... only to be given back(much more). Imagine that someone started to believe Scomi or GPacket stories ... and you are newbie, it is too risky and you may not even aware of it. Stating some facts about trading is a very important in my sharing with my group. How market operators work? Some called them SM(Smart Money) ... while some named them 'sharks'. They are everywhere ... we have to learn to be LOGICAL to protect ourselves. That might take years ... and for some, forever. They will NEVER understand how market works as they are lack of LOGICAL brain. Can't blame them ... it could be in-born, it could be due to their environment, attitudes etc etc ...
It simply too difficult to learn trading. Too many details to look into and still we could never be 90% sure ... at best, I will say 80% confidence built.
It is 1.30am ... I am still thinking about markets. Yes, it is a continuous thing that many could not sustain. It is tiring ... but to move from newbie to novice(my level), it takes hours to learn ... for few years. Even that, you need to have my strong learning attitudes and commitments. It is clearly derived from passions!!
Got the above picture/quote from my facebook. We all know that to learn some skills, we need to build things in slower manner. I am one non-normal trader as I took much-much longer than majority to learn and I am an educator, certainly I could understand how I learn-teach-learn. I do know that caught in the 2-hours jam just now, to listen to 1 hour talk and then lepak with my tratles(teh tarik after talk) ... it is worth the 'trouble'. To me, it is a slow accumulation of knowledge. No one could take away the knowledge I am building while I am re-fining my trading concepts, systems ... and planning.
To be a full-time trader one day ... I need to take another 3-5 years. Why teach when I could trade? Because I am a teacher ... and I am a trader. Not many in my positions ... to understand education and guide many in daily basis. It is difficult to find such a dedicated trading-teacher or mentor.
Yeah ... I still have a dream ... a dream to guide as many as possible, telling them some truth about markets and let them be wise enough to understand the messages behind trading. I will continue to reach out to many ... but I am just an individual ... with a dream.
do contact me(cpteh@yahoo.com) if u wish to join any of my groups. welcome.
nitezzz
TEH
I always share with my tratles(and e-tratles) telling them how difficult trading could be, rather than giving them FALSE pictures of how easy trading could be(as advertised). In my opinion, whatever written ... too good to be true is not true. So, I m using lots of common sense ... A LOT. I do analyse fundamentals of companies ... news related too. That is FA + NA ... then only I will check the charts to see the technical landscapes of the stock. It is difficult to answer someone when he/she asks my opinion about ... say, XYZ? If the stock is not in my list, it means I did not follow the stories/news related to the particular counters. I can trade GenM, AirAsia ... TM easier than those pennies like GPacket. If you are my 'old' readers, you will understand where I came from ... how I developed to what I am today and the directions I am going. I m your slow-coach ... learning for nearly 5 years now, yet still a novice.
TM : Many in my group taken the trade when I moved in around RM6. Some got at 5.98-5.99, cheaper than me AGAIN. Anyway, when they knew I m moving huge into it, it shows confidence ... and many bought at RM6. I am glad it turn out to be good, again. Yes, many in my stock-watch with me for a year now(for small fees) ... and I do add some educational comments for some to learn how I could trade consistently. When to sell? Checking RM6.20, RM6.30 next ...
Note : I do not ask anyone to buy or sell. I am just telling them what I bought, at what level I bought and when I sell, I will tell them ... it is up to them to take the trade .... buy or sell. That is my stock-watch group I am trying to promote.
In my opinions, if you are less than 1 year in market, you do not know anything much. Well, I may be 'blunt' but I am just pointing out some truths. If you profitted from a counter, good. But ... you may not even know why you buy, at what level are you buying ... what you bought. Then, came the selling part which could be very difficult too. If it goes against you, you will get stucked ... and that is REAL pain ... paper-loss is a loss. Accept that and move on ... cut-loss early may sound logical but ... again, we do not place logic when it comes to trading. We could be lost ... as we are newbies.
Imagine a new person in market gained from Amedia ... only to be given back(much more). Imagine that someone started to believe Scomi or GPacket stories ... and you are newbie, it is too risky and you may not even aware of it. Stating some facts about trading is a very important in my sharing with my group. How market operators work? Some called them SM(Smart Money) ... while some named them 'sharks'. They are everywhere ... we have to learn to be LOGICAL to protect ourselves. That might take years ... and for some, forever. They will NEVER understand how market works as they are lack of LOGICAL brain. Can't blame them ... it could be in-born, it could be due to their environment, attitudes etc etc ...
It simply too difficult to learn trading. Too many details to look into and still we could never be 90% sure ... at best, I will say 80% confidence built.
It is 1.30am ... I am still thinking about markets. Yes, it is a continuous thing that many could not sustain. It is tiring ... but to move from newbie to novice(my level), it takes hours to learn ... for few years. Even that, you need to have my strong learning attitudes and commitments. It is clearly derived from passions!!
Got the above picture/quote from my facebook. We all know that to learn some skills, we need to build things in slower manner. I am one non-normal trader as I took much-much longer than majority to learn and I am an educator, certainly I could understand how I learn-teach-learn. I do know that caught in the 2-hours jam just now, to listen to 1 hour talk and then lepak with my tratles(teh tarik after talk) ... it is worth the 'trouble'. To me, it is a slow accumulation of knowledge. No one could take away the knowledge I am building while I am re-fining my trading concepts, systems ... and planning.
To be a full-time trader one day ... I need to take another 3-5 years. Why teach when I could trade? Because I am a teacher ... and I am a trader. Not many in my positions ... to understand education and guide many in daily basis. It is difficult to find such a dedicated trading-teacher or mentor.
Yeah ... I still have a dream ... a dream to guide as many as possible, telling them some truth about markets and let them be wise enough to understand the messages behind trading. I will continue to reach out to many ... but I am just an individual ... with a dream.
do contact me(cpteh@yahoo.com) if u wish to join any of my groups. welcome.
nitezzz
TEH
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Discussions
3 people like this. Showing 7 of 7 comments
yes, that I agree .. making the newbie to understand that it will takes years to build good foundations in understanding markets.
Thanks.
2012-10-27 19:12
Hi Cp Teh,I am a newbie who involved into the market for less than half a year. I always found the market interesting but cant manage to make up my mind to put much commitments until not long ago.I agree with you on what you said and wish to join your group to learn and accumulate knowledge. It would be great to have a senior to help around especially for newbie and i felt really appreciated of it. Thanks!
2012-10-27 19:29
Hi CP Teh,
Can u include me too. I have been gambling in stock market for a long time. I intend to take up investment and would appreciate if you can provide me some guide. snehakutty86@gmail.com
Thanks
2012-10-28 18:01
Hi Mr Teh,
Stock market always fluid, and difficult to predict, agree?
Have been reading your blog and your suggestions are mostly accurate, except for a few stocks.
What is your advice for a regular khaki who still lose around 10% of his portfolio and hope to recover it back? Most of the shares were bought based on TA and FA when they are low, but some never recover and remain low, e.g. YTL-p, Fajar, RCE, etc.
Lately, some analyst were pointing out the present market charts look like in 1997, 2008, before market turns down.
Please comment on the above.
2012-10-28 22:49
HI Investor77
Yes, of coz we do know market is fluid, dynamic and nothing stays the same, fundamentally and technically. So, it is near impossible to predict the directions in short period of time.
Thanks for reading my blah-blah blog which I managed to irritate some, somehow. I do not place much analysis there these days but more fore learning purposes, if I have the time ... I will definite like to share, for more newbies to learn. I could understand as I was newbies too some 5 years ago.
Soem of us buy for a reason, may it be for fundamental or technical. Majority buying stocks without any reasons. Perhaps, reading some blogs, forums, broker reports, remisiers, friends ... so, for such cases it will be very difficult to point out as we do not know why they bought into some stocks. If the reasons no longer valid, we SHOULD sell.
For example : YTLPower was a good stock, a good dividend player too but the fundamentals of the stock has changed. Tho it is still sitting on huge piles of cash, many investors(long term) cashed out when they said NO to 'YES'. Then, with the IPP issues ... that could paint greater fear in counter. Hence, it is only logical for fundamentalist to view that as risk, and perhaps considering YTL instead as it would be a good dividend player.
I no longer read much these days, so I am not aware of the recent developments of Fajar or RCE. What is important would be the decisions made BEFORE anyone buying any stocks. Based on what we are buying a stock, why and at what level? If our reasons fail, then we should be discipline to exit. Capital preservation is very important point to share as we do not have limitless bullets.
Whether KLCI is reaching the peak of a cliff, I don't know. What I do know is ... NOTHING much is cheap in market. This is a trader-market and investors may have another 1-3 months to hold on to. Otherwise, exit. With high PER in many of so-called blue chips, it is a matter of time market will re-value itself. It is just natural and that is how market works, anyway.
You call, please.
The above are merely my spontaneous response without much thoughts into it. So, please DO NOT take my opinions as any valid reasonings for anyone's decision making. Please ask those know-how.
Night
TEH
p/s : I do rate 70-80% accuracy as very good. We need to be consistent with what we are doing, learning and sharing.
2012-10-28 23:26
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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What you mean is life time.
2012-10-25 13:49