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0.10 am : just had a class ... coughing. so, it is tiring ... as I have another 3 classes to go.
KLCI sitting at 1782 level ... nothing much. no sales ...
IFCA : an abandoned babe .... when every retailers were talking about her back then. Can see the 25cents level ... drifting lower. NO ONE in forums would talk about her or admit there are MANY stuck up there. Reality sucks ...
So ..besides IFCA, I could point out few hundreds hot-stocks which no longer in play and abandoned. Yet, many still stuck up there ... moving on to next stocks, without solving the STUCK-syndrome ... so, they continue to stuck here-n-there. Understandable they are holding to many lousy-dying stocks in their portfolio without wanting to solve their weaknesses.
WHY?
because it is not cool to talk about our losses in forums!! The ego swells so great that ... we rather lose money than to lose our face. illogical, right?
KLCI at 1782 ... are we crashing? nope!!
Yet ... retailers crashing inside IFCA and more. Ever wonder WHY?
You will never understand why they are still holding to
HWGB ... perhaps, they realized by now that this is not Genting? It doesn't make sense ... but when we are stuck up there, what is common sense, anyway?
The idea of holding to
Karex because it is a condom-maker and world needs to use condom, right? That was the idea ... till it dropped below RM1 ... from RM3. It doesn't make sense ... you mean human-globally not using condom or they are not having safe-sex?
Seriously ... with so many downtrending stocks to show, I believe many already stuck up there, not knowing what to do. How can we help these 'newbies' or 'retailers'?
I teach my group in daily basis ...on selling and trading. Because SELLING is more important and much more difficult than buying!! Understand ar?
The most difficult point to drive through to newbies is EMOTION control. Which forums and telegram-groups are ridiculously noisy, it attracts many newbies into such 'free' platforms ... with runners selling stocks, softwares etc etc. NO ONE really want to guide newbies on what needing to be done ... because no one wants to take the responsibilities of the stupidity of those buying by reading forums.
Understanding why retailers STUCK up there (I could easily list 10 pointers), we do not want to tell them CUT LOSS as it is too painful and definitely do not wish to be blamed in the cases of stock-prices jump up after they cut-loss!! Newbies tend to be emotional and would find someone to blame (they r the best ... so, cant be their faults, right?)
This is Genting ... but it is the company's warrant. Nope , this is not those rubbish call-warrants that many IBs issued attached to Genting. If you are STUCK up there above RM1 or RM2, today it is trading at 14cents level. Ridiculous to hold to paper-loss, u said?
Talk to those stuck inside
LayHong or
Sapnrg. You might get them to tell you some truth about their PAIN.
Genting-wa is expiring in Dec ... with premium 2-4%. Genting mommy needs to go above RM8 plus to see a rebound in this warrant. What do u think? If you are newbie and stuck up Genting-wa, nothing anyone could do. You don't even know warrants do expire, right?
EGO and PRIDE : one of the main point ... when we want to be RIGHT ... and holding to losses. Someone us average it down, to lower the cost-price (stupidity^2). I had few e-meeting, talked about the WRONG education we obtained when we came into market : that stupid dollar-averaging ... lazy type of investing. Fine if you wish to do DCA ... but why do such during hot-market at high valuation? WHY cant wait for crisis ... that is beyond me. Then ... they get stuck, they LIED to themselves that they are INVESTING .... for loooong term. Stupid say stupid, why justify stupidity? Because of EGO and PRIDE.
11 am :
Lenovo (HKSE) diving 18% at the moment. heck ... what is that for?
workshop : I have few enquiries ... on trading workshop. Ok, I will plan one before I leave KL/SJ here ... and will conduct in Penang instead. Contact 012-821 0129 or e-mail :
cpteh@yahoo.comTime for me to rest.
Have a nice weekend... and year ahead. Remember, 2018 = no stuck inside stock.
TEH