*****
In the last 18 months, a lot of people lost a lot of money...............
In the last 18 months, a lot of people lost a lot of money...............here are some useful thoughts and ruminations.
- Winners become Emperors, Losers become prisoners. Everyone loves a winner, don't they? In reality winners and losers come from the same stock, most often with same ambitions and abilities. No need to treat Emperors and prisoners differently.......often, it is down to luck. Chinese call it fate...fated....I think it is good attitude.
- But great success is luck....luck including when and where and to whom born. Slow success is skill and hardwork............Re stock market, there is nothing CFA can teach except diversification . CFA sylabus has little to say about FA and TA.. Most of the CFA sylabus is devoted to portfolio theories. Professors of finance after all are on the side of random walk theory.
Great success is luck; moderate success is skill......and as for individual success and failure.....it is about practice, habits and characters .....some times the market favors certain habits and characters, some times another set of habits and characters....as Buddhists like to say, there is no permanence, only changes.
- The real lesson is...success and failure are two sides of the same coin. Stock market performance is about practise, habits and character. The same practise, habits and character that leads to super profits in good times are the same practise, habits and character that leads to huge losses in bad times. Habits and characters don't change.
- stock market.....best viewed as a personal adventure....and people's habits and characters cannot change
- knowledge is not skill. Skill comes from practise and habits and repetitions. U can teach all the knowledge in the world, in the final analysis , no use one. For the recipient of the knowledge no use without personal practise, habit and character.
- The old Chinese philosophers got it right when they are very careful in choosing who to teach.......teaching to the wrong people, the public in this case.....only produces bad results and unintended consequences.
ps....The fairy tale of Buffalology is a billion dollar industry. On it rests the foundation of capitalism. For the vast majority of people, it will remain a fairy tale until the day they die. And there is little you can do about it.
In the end, the randomness of the U curve rules. The vast majority will be in the middle and some at either ends....and your position in life is down to luck.
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Discussions
Be the first to like this. Showing 50 of 52 comments
i no lose yet, but no gain also, i already anticipated based on last year, something was very wrong and this year even worse. Next year, i don't know.
2018-12-01 15:35
If one is an active participant in the market and is observant of the overall market, he should sense something was wrong.
2018-12-01 15:36
When market is flashing red, one shouldn't' be dancing on the street like everything is as usual.
2018-12-01 15:37
another thing, is not PH fault, last yeare there were signs showing something was very wrong.
2018-12-01 15:39
Even sifus who been very long in the market actually were behaving as if everything was as usual, this is the weird part.
2018-12-01 15:40
I opposite with you guys. In 2015 volatile market I earned a lot. 2016 earned meagre. 2017 bull market lost a lot. 2018 turbulence market earned reasonably. My conclusion is all depends on what stocks u buy.
Eg: 2015 star - JHM & export stocks
2016 star - Airasia
2017 star - Vitrox & all tech stocks
2018 star - Leesk, Dufu, Frontkn so much more.
2018-12-01 16:09
But sometimes I suspect that operators have become smarter over the years thus we as retailers have a hard time making a killing.
2018-12-01 16:14
hollandking > Dec 1, 2018 03:36 PM | Report Abuse
If one is an active participant in the market and is observant of the overall market, he should sense something was wrong.
==================
yes, privately I am very scared of Trump and trade wars...and Malaysia in belt tightening mode......but in forums.....I try not to scare people.
2018-12-01 16:22
Genting, FGV, Yongtai, Ijacobs, Sapnrg, Hengyuan, Toyo, JCY, Pmcorp...
95% of ur stocks are pretty much dross.
2018-12-01 16:53
Write so long, bring out useless message, rubbish article as usual. Might just tell us tonight 4d jackpot no to us. Kena liao i3 is all yours.
2018-12-01 18:42
LOL!
Posted by cheoky > Dec 1, 2018 06:42 PM | Report Abuse
Write so long, bring out useless message, rubbish article as usual. Might just tell us tonight 4d jackpot no to us. Kena liao i3 is all yours.
2018-12-01 18:45
Ya u can decode 4D, but need to write down the numbers every season in a big book haha
2018-12-01 18:49
Bufalology is a billion $ industry....do u think it is easy to defeat a billion $ industry?.....just like 4D....selling u dreams.....
2018-12-01 18:55
4d sell you hope
insurance sell you peace
stock trading sell you what? excitement!
2018-12-01 21:43
Alex™ > Dec 1, 2018 09:43 PM | Report Abuse
stock trading sell you what? excitement!
================================
that...I have too agree. Would not want to swap it for any thing else.
2018-12-02 00:04
y CharlesT > Dec 1, 2018 08:05 PM | Report Abuse
Qqq3 do u want to confess?
=============
confess to what?
2018-12-02 00:05
Zhuge_Liang > Dec 2, 2018 12:25 AM | Report Abuse
Posted by CharlesT > Dec 1, 2018 08:05 PM | Report Abuse
Qqq3 do u want to confess?
qqq3 takes KYY to Holland.
qqq3 caused KYY to lose a lot of money on Jaks.
This big loss (money) can help a lot of students, unfortunately, it is damaged by qqq3.
qqq3 is still in denial mode, wasting time to talk here.
It is best to hentam him kaw kaw like what CharlesT said.
============
I can meh? I where got so powerful?
2018-12-02 00:30
Posted by cheoky > Dec 1, 2018 06:42 PM | Report Abuse
Write so long, bring out useless message, rubbish article as usual. Might just tell us tonight 4d jackpot no to us. Kena liao i3 is all yours.
What do you expect from him, a talk cock king?
2018-12-02 01:10
kcchongnz > Dec 2, 2018 01:10 AM | Report Abuse
What do you expect from him, a talk cock king?
==========
I am not surprised cheoky don't understand, but I am surprised even u don't understand?
nevermind.....important is ...one of my fans wrote this back to me in whatsapp message.........."This is one of the best pieces you have ever written. Thank you"
2018-12-02 01:27
Posted by qqq3 > Dec 2, 2018 01:27 AM | Report Abuse
I am not surprised cheoky don't understand, but I am surprised even u don't understand?
ME: SO YOU KNOW HOW BAD YOUR ARTICLE IS?
nevermind.....important is ...one of my fans wrote this back to me in whatsapp message.........."This is one of the best pieces you have ever written. Thank you"
ME:YOU CAN GET DRUNK BY JUST DRINK ONE KOOLAID?
YOU KNOW HOW MANY FANS CALVIN TANG, OTB, ICON888, YISTOCK, ETC HAVE?
2018-12-02 01:35
Qqq3 do u want to confess u r the real culprit?
Or are u implying koon is the stupid idiot who should be 100% responsibled for his massive loss in jaks n also bringing all the koonies to holland via jaks?
2018-12-02 09:30
qqq3 good article totaly agree, i share 1 chinese proverb that states to learn to be like water....this 1 is a winner lol
2018-12-02 12:17
i read from book one. Very catchy idiom =D
Posted by qqq3 > Dec 2, 2018 12:04 AM | Report Abuse
Alex™ > Dec 1, 2018 09:43 PM | Report Abuse
stock trading sell you what? excitement!
================================
that...I have too agree. Would not want to swap it for any thing else.
2018-12-02 13:10
I was already in the market when Riverview was trading at RM100 a share, about the same time when a minister said "Don't say we did not warn you?", then the market crashed. Index then was 1,300 only.
I sold MYEG recently just before it was suspended on the later of that day at RM1.07 , after the suspension, it went as high as RM1.30 or more. Friends have said "I have no balls". Could have made more.
GENM case, I made some, from RM3.06, i sold at RM3.16, and it went down progressively. Did i have balls?
Friends said we need skill not luck but i think we need both, when looking at those events that were happening.
New person enter the market today for years to come, may not be sure making profit in future. Otherwise, friends can no need stay as an agent but buy all the can and earn more from even contra profits than those commissions.
I can not be sure, whether MYEG will go down since they will relocate their GST resources to overseas. GENM will suffer if the QR is a loss one.
To me, i need more luck.
2018-12-02 13:13
sted by CharlesT > Dec 2, 2018 09:30 AM | Report Abuse
Qqq3 do u want to confess u r the real culprit?
==============
I am good but not powerful....I where got so powerful one?
2018-12-02 13:15
beinvested, can share share more experience?
myeg and genm shareholder kesian, when news out, no time to run also.
Maybe a different holding horizon (a longer) can help. Short term price movement can really go crazy (see armada).
2018-12-02 13:16
ed by CharlesT > Dec 2, 2018 01:17 PM | Report Abuse
So koon is the real culprit, not u?
===========
please define what u mean by culprit?
He wants to post in i3...even his wife cannot stop him.....
2018-12-02 13:21
charles....received this message from kyy yesterday.....does not appear to me to have any culprit anywhere....
"I believe I will be able to make back some money with my tested skill"........
2018-12-02 13:24
Alex, my own lesson learned, if the person loss lesser the he has made, it is very good already, still got profits, very admirable because they are actually not many such guys, given at any season, does not matters whether you are skillful or not that skillful. Is the Jaks big investor skillful?
2018-12-02 13:25
glove stocks no down much also,dufu still very high,merge also near high and many more.maybe all these retailers no have is it? hehe
2018-12-02 15:04
US will hold off on raising China tariffs to 25% as Trump and Xi agree to a 90-day trade truce
https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html
2018-12-02 17:35
so what is Art of the Deal?
It is nothing but bullying, may even be described as immoral.....It is very different from Christian values and Confucian values and all the good values that we are used to. It is very different from Rule of Law.
Trump's Art of the Deal is Rule of the Jungle, not rule of law.
So...now , he started the trade war....and he declares truce and becomes hero?
Not so simple......Trump's only popular card for his base is his racist anti China policies....He cannot just give it up....Trump will have to double down later......
2018-12-02 17:55
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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....
qqq3
The fairy tale of Buffalology is a billion dollar industry. On it rests the foundation of capitalism. For the vast majority of people, it will remain a fairy tale until the day they die. And there is little you can do about it.
In the end, the randomness of the U curve rules. The vast majority will be in the middle and some at either ends....and your position in life is down to luck.
2018-12-01 14:46