my best friend decide to drop his current job and want to become full time stock trader, i wish i can give him some advice but i need solid info here.
I want to know , how long it going to achieve average Rm 4 K salary per month ( average ) in stock market ( he want to achieve this within 2 years, possible )? this figure is just to maintain his life.
He is optimistic now.
Is feasible ? cash Rm 30 K on hand. He attend some professional course before, which cost him around Rm 10 K.
he very aggressive 1 ( play sort of what T3 ), leverage can x5
need professional advice here.
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130 comment(s).Last comment by Apollo Ang 2017-04-20 15:45
I dabble in penny stocks bcz I love the thrills of the price movement. But i m not careless.. V careful with when to enter, what stocks to choose n when to exit.. Even then, still kena also sometimes. It makes our adrenalin flows faster n makes life more interesting..rule no 1: don't loose money.. Rule no 2: don't chase stocks too high of its price.. Rule no 3: don't over trade n don't b greedy.. Always be grateful with returns no matter how small it is.. N many many more rules la that u all also know
don't simply believe in charts, charts is actually your memory.i can memorise many stocks from their high and low without using charts,but in the end also cannot work anyway
I was referring to mbf la my Fren not public bank.. If public bank yes yes yes hold it forever until we go six feet under the growing in our cosy abode.. Still worth it
how do one ever know to sell MBF or public bank? how do one ever know which to hold? it's either a coin toss. it's a matter of luck. what if one hold mbf and sell public bank? in the 90's MBF expansion more than public bank
Mbf had the highest NPL problems. They simply gave loans easily and could not recovered it. They have the most number of finance companies. But loan quality was very, very bad. I came from the financial industry.
yup, people in the 90's prefer investing in MBF rather than public bank.the transction volume of MBF finance also far greater than public bank.i also got a fren who invested heavily on datuk keramat, many years ago is considered a blue chip.he once told me he will not sell this stock forever and he lost all and give up on stocks
stockmanmy, I am learning this & hope to do it soon.
------------------------------------- Posted by stockmanmy > Apr 20, 2017 12:47 AM | Report Abuse for traders, charity is the most important thing for success
from the way Mr Ang described, he seem like accumulated a lot of bad experiences for the past 30 years in share market, no wonder he still can not make money after 30 years
doing charity can be very complicated, and yet it can be very simple
it is complicated when you look at it from your own perspective. For example, "what do I gain from doing that ?", "how do I gain ?", "how do I REALLY gain by not trying to link it back to myself ?", etc..
it becomes very simple when you throw away all the above questions and focus on "how the recipient of my aid will benefit ?"
the whole thing will then become very clear - just do it no need to think too much
I liked to do charity by donating money, then my friends will come and lecture me "donating money not good enough lah, you must physically do more charity work..."
but that is if you are looking at charity from "how will it benefit me" point of view
if you are not really concerned about "how will it benefit me", you will suddenly realise that there is nothing wrong with donating money - the recipient will benefit from the monetary assistance. It is tangible.
Then the whole thing becomes very clear and simple - if you want to do charity by donating money, go ahead and do it. There is nothing wrong if you don't physically get involved.
"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable."
meaning most negative news are false. If you are lucky, you will avoid major crashes because major crashes do not happen that often.
Yea I agree it is scalable. I could have broken say my 100k into 1k per buy. But playing shares you just have to simply think on the operator's perspective. If you play big, somehow you'll have the feeling that someone is marking you. Lel being sensitive..
I remember when the late Mr CKwan telling ppl that he was in poverty line n had cancer, this fellow just asked him to do deep breathing... hahahaha
Posted by Icon8888 > Apr 20, 2017 09:56 AM | Report Abuse
I liked to do charity by donating money, then my friends will come and lecture me "donating money not good enough lah, you must physically do more charity work..."
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....
Posted by bahamut > 2013-06-18 09:42 | Report Abuse
my best friend decide to drop his current job and want to become full time stock trader, i wish i can give him some advice but i need solid info here. I want to know , how long it going to achieve average Rm 4 K salary per month ( average ) in stock market ( he want to achieve this within 2 years, possible )? this figure is just to maintain his life. He is optimistic now. Is feasible ? cash Rm 30 K on hand. He attend some professional course before, which cost him around Rm 10 K. he very aggressive 1 ( play sort of what T3 ), leverage can x5 need professional advice here.