My Trading Adventure

Let it go : CUTLOSS

CP TEH
Publish date: Wed, 31 Jul 2019, 06:44 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.
Morning ... I have wanted to write about PAIN : types of pain and how we traders deal with them, based on my experiences ... and GREED : why we are greedy and how we could control them to certain extent based on my experiences too ...

but ... but ... words get in the way.

Busy with my own trades and activities, it seems that I could not get myself to sit down to ... write/blog here.

One of my new member said he found my blog 'useful' for newbies like him. That encouraging words ... hmm ... pushing me to write. Yeah ... finding those motivation to write could be 'difficult' ... tho we want to share our experiences ... REAL trades with REAL PAIN and GREED.

Anyway ... until we could face ourselves ... we could not learn from our own mistakes and blunders. Facing reality is like ... hmm ... hey, you are fat. Get your ass off and exercise. Get a good diet blahblah .... go to gym, get a trainer ... get fit.

Yeah right ... it is like those begin-of-year ... get fit programs with initial motivation to burn off those fats and bulging tummy. BUT ... nothing last, at least for most of it. I should know as I have my six-pack program sticking with me every beginning of the year ... while the diameter of my tummy ... increases.

Getting stuck?


I could give many examples of these waterfalls ... and wont mind posting many more ... if you want to see ... what retailers stuck inside. This is Careplus (fundamentally not well) and used to be popular. Being group together with 'glove/rubber' group ... many traded her during the 'glove rally' back year ago ... without understanding the fundamentals ... it was called THEME-play ... with leaders like TopGlove or Harta moving ... Kossan too ... these smallish companies which conveniently grouped with those gloves-taikor ... being pushed up too.

Eventually ... it is at new low now. Cant see them reversing ...due to fundamentals.

CarePlus : trading at 15cents, NTA 19cents with PER -95.

Just get out if one is stuck inside ... say, Careplus? How? CUT LOSS is one of the most important survival skill ... and it is necessary tho it might causes us PAIN ... unbearable, at times if it is huge positions(for those been averaging down). Hard to swallow? That is reality check ... that we have to face.

In face, I have been drumming on CUTLOSS concept since 2016 ... as markets drifting lower ...in most sectors. While we seen many stocks recovering from bottom ... with some rebounded 100-300% ... we are not out of wood yet. Many companies still bleeding ... fundamentally. It is merely technical rebound with some optimism back to markets ... so, those stuck up there having some HOPE ... and might even average down their stocks.

Yeah .... it doesnt make sense to hold on to bad relationships? Sometimes ... as human, we do ... make such emotional blunders in our investing ... and hanging on to losses.


Learning to let go ... of our relationships ... which is souring or unbearable is a MUST to survive. Letting go of those stocks we STUCK is a must to survival the current market environments ... buying in with CUTLOSS in mind is a MUST to stay alive ... staying afloat.

No point telling people ...hey RM1 is a critical support ... if it breaks that level, CUTLOSS.

They just ... could not do it or wont. It is THAT HARD.

You need to join my group (perhaps) for me to nag u on the necessity of GETTING out by cutting of your limbs ...in order to SURVIVE. Do not stuck inside ...

But ... how to cutloss CAREPLUS at new low 15cents? Perhaps due to penny-goreng mode currently, it would be goreng-ed up too? Perhaps ... u mean, u are sticking to a bad relationship, hoping your partner would change or treat you better in future? Not impossible .... but logically, the chances is very low.

Careplus is just a random example I have taken ... there are simply too many. SELL those rebound sharply and DO NOT hope much it would go back to your cost price. SELL = A MUST.

Ok ... trade well ...US awaiting FED announcements.

TEH





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Discussions
1 person likes this. Showing 7 of 7 comments

Keyman188

Simpan lahhh....

Leverage down lahh....

Black Horse can win 1 show 1 day....

2019-07-31 08:50

cherry88

For curiosity, what stocks are you holding now ?

2019-07-31 08:52

Keyman188

Glove biz bagus mahhh....

You see TopGlove...Harta...Kossan...Supermax....

Mungkin 1 day targeted by big player makan !!!......

2019-07-31 08:53

speakup

what is cut-loss?
cut-loss your head lar!

2019-07-31 09:23

Goh Kim Hock

This sozai gambler thinks he is a investment guru. Can someone pls help to wake him up from his slumber?

2019-07-31 09:29

bursatrader2018

Cutloss & Waterfall topics have been recycled umpteen times here, is there no other tools in the arsenal useful to the newbee investor/trader ?

Like,
1)how to choose the right stk, so as not not get stuck with a cutloss option in the first place
2) Why one should not play daytrader if end up have to cutloss most times
3) Personal Psychology, the problem of Big EGO , that is the main hindrance to investment/trading success
Big EGO thinks he already knows the market, & only sees what he 'knows'

2019-07-31 11:10

ColinLim

Your ideas are really helpful.any profitable counters for today

2019-08-05 07:24

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