In fact I would estimate that >90% of my long entries show a paper loss for up to 2 weeks or longer before the gains eventually come, sometimes taking 7 years(Teo Guan Lee), 8 years(Cepco & Oriental) or even 14 years(Wong Engineering,Woodlan & Uchitec) before I'm able to close the entire position profitably.

Of course, I may be biased agst others' advice to cut losses fast because of my experience of a 34k punt on Sino Hua-an declining until a max. paper loss of 14k but eventually realising 58k of gains. I'm still learning every day & will continued to learn until my last breath in this lifetime.

I'm OK with paper losses. One Japanese stock I bought for ¥1,191 in 2018 dropped to ¥253 last year despite my doing all due diligence but was rescued by Nidec & I finally sold it lately for ¥1,302 after missing the 1st spike to ¥1,346 in Jan. If co. really goes bankrupt then I write off the amount which is easily covered by the realised gains of $40-103k per year since I usually buy small amounts to spread the risk.

Not much compared to some others I know, but OK for one who is still not yet 50.

Even without a salary for the past 14 years, the net gains I made in the stockmarket since 2013 is more than enough to buy an average condo(& many houses in the country, even in KL suburbs) BUT I'll let the property market stagnate or decline further as the latest QE is unwound & when 'blood is on the streets' & firesales are aplenty. Many of my peers & family caught in property loans taken over the last 15 years & don't even have enough spare cash to buy shares!

My Japanese portfolio alone(incl cash of 857k yen) is worth over 100k & dividend income fr '13 - '21 is over 113k.

203k of investible cash is my current reward for conservatism & in a bear mkt like this, where there's a 80% probability that whatever you buy will lose you $ as soon as you buy it, better to be super defensive when buying. Used to own over 200 counters spread over 4 countries but now I've cut that down to well below 200. In Japan, just one lot of 100 shrs costing me $4.5k earned me $6.8k when the co. was taken over last Nov. Managing risk is the #1 priority for a full-time mkt trader like me & buying small is part of that. Also, there was at least one capital gain for me daily, non-stop, going back to Jul 29th 2020. 211 winning counters in 2021 & already 80 this year, with Orient contributing 8x so far. Buying & selling small offsets the frequent sin of buying too early & selling too early.

Nothing wrong with trading small...gives me the chance to average down at a lower price. Trading small actually saved me from the FATE of so many others who committed all their bullets @ one shot & are now STUCK like a p*g in a poke. Also, if I can earn over $50 a day to cover my modest expenses, what is there to complain about? Most ppl are like my friend who bought 4,000 petronm @ 4.50 in Mar then sold one shot @ 6.04, earning 6k BUT missing out on 1.6k extra profit even after petronm tumbled so much.

speakup

@dompeilee, u buy mphbcap?

3 hours ago

I bought my 1st shrs in 2015 & 2016, then sold in 3 rounds in 2017 when the price nudged above $1.70 & then $1.80 @ the highest & out completely @ $1.57 in Jul. Re-entered in 2018 below $1.20 & re-sold part @ $1.40+, averaged down in '20 in the low $1.00+ then re-sold everything in stages last year from $1.50-1.60 & as low as $1.34. Unfortunately, my stakes weren't big so the total gains was only $1,313.29. Today I re-invested 90% of this profit by re-entering this stock yet again...

Scared to pay broker too much in extra commission by selling in batches. Forgone profit far exceeds quantum of extra commission.

My 'mkt wizard' friend already sold all @ 6.04, missed out on extra $1,600 profit.

If it can reach 1.30 at this juncture means dividend has been scrapped...lol

Poor price performance for a stock that is about to pay out 45c!

Blockbuster results!!! Last qtr result ALONE gives it a very reasonable PE of 16 =D Granted the $210 m disposal contributed a big chunk yet the core profit was commendable with plantations offsetting automotive. NOW we know why the price was so steady all this time(insiders accumulating)

Just hold as much as I can & hope to collect as much of the 20c dividend that I can...not an easy thing to resist panicking & running with markets all around so sickly

Oriental just refuses to stay below $7 for very long in spite of awful mkt sentiment! Better hold the most SOLID co. in Bursa =)

Another TURKEY where EPF is stuck heavily in LOL

I have a very long history trading KNM...bought $1.75 in '10, SOLD @ $2.30...repurchased 92c in Jan'12, SOLD @ $1.11 in Feb '12...repurchased 93c in Mar '12, SOLD @ $98.5c in '14....repurchased 31.5c in '17, SOLD @ 36.5c in '19. Have avoided this co. ever since that leesweeeng fella started selling his own stake @ low prices.

My friend who reminded me of the stock's attractiveness @ 4.50-4.60 in Mar(& caused me to quadruple my stake at the time) already bought 4,000 but was too hasty to exit @ 6.04 before the climatic explosion up. Although he earned $6k but I think he's privately fuming that the stock is still way above his exit point lol

I stopped selling since my last sale @ 7.27 a few days ago...still holding 57.9% of my original stake

So many mini-Najibs in this country will likely drag the rate down to at least 3.30 by year end.

Converted sparingly(5.3% of the total) back to RM over the past few mths @ rates ranging from 3.053 to this morning's 3.150(bank bid rate).

Thank goodness I have a pile of S$ from selling my SG portfolio over the last 6 years after diversifying out of RM into undervalued SG stocks starting Mar 2015.

Kim(Koon)Yew(yin) should sue his son in law for DAMAGES caused by his mentor soh chee wen's tactics.

Jared the carrot has dragged his father in law into his financial MESS lol

Some prominent investment managers in the US(like John Paulson & Abby Joseph Cohen) actually take the bus & don't own a handphone. Yet many comparatively poor locals like to show off when they actually, strictly speaking can't afford a luxury car(>5% of salary going towards maintenance & upkeep)

He sold as much as he bought...I think trying to disguise forced margin selling!

No different from fake rich jho low lor...his 'wealth' is actually stolen from taxpayers...yet he is secretly idolised by those with no integrity lol

I can guess what is going on...Jared the carrot persuaded father in law to pledge 30 mil CHHB shrs to support taknaikX's share price while he pump up with empty rumours. At some point, his financiers chicken out & DUMPed LOL

Someone/ones is/are SHORT-ing & lo$ing badly...bad idea to short a stock with huge +Ve sentiment with such a small free-float!

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

May 19, 2022 3:52 PM

Posted by dompeilee > 1 month ago

Bought PetronM @ 4.62 last month. Recommended 2 premium clients since Nov '21.


SOLD 1/7th of my PetronM @ 7.48 today =D

SOLD another 1/7th @ 7.43 =)
My friend who re-alerted me to this stock in March already cashed out in the high six-es lol

Small retailers probably won't mind...like Jokekin says: it's only 'a few cents' LOOOL

Some one or ones got KILLed short-selling @ the open. 101,700 shares shorted & 85,000 covered back intraday, probably as high as 7.61 LooooL!

Failed price support operation. Probably one of the syndicate partners chicken out & cash out early.

Bought some Tomei today.

Posted by dompeilee > 1 month ago

Bought PetronM @ 4.62 last month. Recommended 2 premium clients since Nov '21.


SOLD 1/7th of my PetronM @ 7.48 today =D

U think they got rich by being charitable ma

Sama sama la...all kon ma lol

Not even half day already vol double of yesterday. If I were KimKoonYew(yin), I would take out the $120 m FD, slowly mop up the 38% of shares I do not own(less than 80 mil free float, incl steadfast holders) & corner and drive it to the moon!

See over the next few days whether LeeKoonYew(yin) got force sold yesterday becos a large block of 30 mil shrs were pledged to a Sinkieporean entity probably to finance his son in law Jared the carrot's speculations in technax

SOLD @ 88c

Speculatively bought CHHB @ 80c

Already warned ppl amply since Dec 2020 when this scoundrel got involved in this co. No better than soh chee wen yet so many ppl fell into the trap...but NOT the 'Guru of Huaan' lol

ESOS employees can't even cash out on time lol

Boss pledged chhb to buy 5% of SMTrack which crashed by 50% from his cost & so bankers force sold his chhb shares to cover the losses. My guess.

Warrant is so stable comparatively...illogical

I'm guessing Jared the carrot's father in law pledged his chhb shares to support taknaikX's share price.

I think it's the other way around.

DOWNNNN another 35% huhuhuuuu

Few cents = 30%

LOL! LeeK Yew(shares a name with oldcon KYY) & son in law Jared the carrot major FAIL! LOL