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.

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130 comment(s). Last comment by Apollo Ang 2017-04-20 15:45

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-19 23:50 | Report Abuse

what if that person bought MBF instead of public bank? all money gone

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-19 23:53 | Report Abuse

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

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-19 23:54 | Report Abuse

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

gohkimhock

3,095 posts

Posted by gohkimhock > 2017-04-19 23:55 | Report Abuse

The one who go for MBF is the one that never do any homework.

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-19 23:56 | Report Abuse

I beg to differ. I also bought MBF last time. But I bought low n sold at its peak. Never hold it forever..

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-19 23:58 | Report Abuse

if no hold forever how to compare with public bank? my fren hold 80,000 public bank kena force sell in 1997 at 80cts only

TheContrarian

9,306 posts

Posted by TheContrarian > 2017-04-19 23:59 | Report Abuse

I managed to buy Public Bank at 80 sen in 1997.

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-20 00:00 | Report Abuse

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

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:01 | Report Abuse

my fren name is mr goh wee cheng, his sons now directors at macrokiosk. mr goh passed away from heart attack 5 or 6 years ago

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:03 | Report Abuse

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

TheContrarian

9,306 posts

Posted by TheContrarian > 2017-04-20 00:03 | Report Abuse

There was MBf Corporation and MBf Holdings.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:04 | Report Abuse

my uncle from Singapore bought 100,000 MBF at 5.00 in CLOB in 1997. he lost 500k and told me forever he no wanna invest in bursa

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:05 | Report Abuse

MBF finance

gohkimhock

3,095 posts

Posted by gohkimhock > 2017-04-20 00:06 | Report Abuse

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.

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-20 00:09 | Report Abuse

Yeap u got that right @Goh..

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:09 | Report Abuse

in the 90's public bank stock is like tortoise,MBF finance and MBF holding are high flyers

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:16 | Report Abuse

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

6,977 posts

Posted by stockmanmy > 2017-04-20 00:28 | Report Abuse

stock market players need to do charity.

get blessings.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 00:36 | Report Abuse

lose until ko liao how to do charity?

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 00:41 | Report Abuse

in that case do more charity

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 00:47 | Report Abuse

for traders, charity is the most important thing for success

moneySIFU

5,864 posts

Posted by moneySIFU > 2017-04-20 00:54 | Report Abuse

stockmanmy, I am learning this & hope to do it soon.

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Posted by stockmanmy > Apr 20, 2017 12:47 AM | Report Abuse
for traders, charity is the most important thing for success

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 01:11 | Report Abuse

charity leads to happiness leads to confidence leads to success, a feedback loop.

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 09:16 | Report Abuse

charity is something you do without anticipating return

The moment you expect return, it lose the magic power to deliver goodies to you

This is my belief hehe

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 09:18 | Report Abuse

If everytime you give some money to a beggar and start imagining Jaks go up 2 sen, you are really fxxked up loh LOL

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 09:25 | Report Abuse

nowdays play stocks is like a beggar wanna make a bit only, can't make much cos it's all control by stockists and insiders

tkp2

3,027 posts

Posted by tkp2 > 2017-04-20 09:41 | Report Abuse

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

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 09:44 | Report Abuse

wanna up want buy cannot get, now all software control. if u able to get mean it's going down.

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-20 09:44 | Report Abuse

@icon8888, i really laughed reading your comment.. he he, bagi duit to beggar n think Jaks go up 2 c ki ki ki good one

CharlesT

14,888 posts

Posted by CharlesT > 2017-04-20 09:46 | Report Abuse

Posted by Icon8888 > Apr 20, 2017 09:16 AM | Report Abuse

charity is something you do without anticipating return

The moment you expect return, it lose the magic power to deliver goodies to you

This is my belief hehe

Agreed.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 09:47 | Report Abuse

u know I key in one all no get sure will up, they all control.if key in got then u know the consequences

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 09:49 | Report Abuse

why can't people admit it's control? worry that their rice bowl broken?if really cheating we must share and expose the crooks.

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 09:50 | Report Abuse

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

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 09:52 | Report Abuse

I do charity now,no want innocent people feed the sharks with their hard earn money the same like I do.

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 09:56 | 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..."

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.

tkp2

3,027 posts

Posted by tkp2 > 2017-04-20 09:59 | Report Abuse

Icon got wisdom

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 10:00 | Report Abuse

donate money to the sharks by investing in bursa???

Surewin123

12,594 posts

Posted by Surewin123 > 2017-04-20 10:52 | Report Abuse

wah, want do charity? help me oh, im one month trader only....so scare in bursa. Hold my hand please. no gaji haha

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 11:12 | Report Abuse

win

my charity...be steady.

Quotes

"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.

Unicorn

768 posts

Posted by Unicorn > 2017-04-20 11:14 | Report Abuse

PLAY T+3??? OPERATOR PWN YOU 99!!!

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 11:16 | Report Abuse

charity cannot control the price of Jaks but charity can have positive influence on the trader.



Icon8888 > Apr 20, 2017 09:16 AM | Report Abuse

charity is something you do without anticipating return

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 11:17 | Report Abuse

last 3 months have been heaven for t +3.


y Unicorn > Apr 20, 2017 11:14 AM | Report Abuse

PLAY T+3??? OPERATOR PWN YOU 99!!!

Unicorn

768 posts

Posted by Unicorn > 2017-04-20 11:25 | Report Abuse

Aunty uncle punt few thousand of course feel like in heaven. you try punt few hundred K the operator more takut than you.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 12:05 | Report Abuse

its scalable

Unicorn

768 posts

Posted by Unicorn > 2017-04-20 12:21 | Report Abuse

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..

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-04-20 13:38 | Report Abuse

like I say, scalping or intraday trade I cannot do it consistently but some seems able to do it, we call them stockists.

last 3 months, each time I think long term, the profits come immediately.

each time I think short term , the price reverse on me.


I think it has been heaven for many t + 3.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 14:26 | Report Abuse

i am in T+30 already still lose

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 14:28 | Report Abuse

I on average hold 6 to 9 months before can turn profitable

T+3 never works for me

Icon8888

18,658 posts

Posted by Icon8888 > 2017-04-20 14:34 | Report Abuse

I would have helped if ckwan asks

But he didn't, and he never will

Nobody will go to a forum like this to ask for help for terminal illness

I don't understand what you are trying to say.

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Posted by 人生几何 ~ 尽情博吧 > Apr 20, 2017 02:24 PM | Report Abuse

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..."

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-20 14:37 | Report Abuse

6-9 months so how on earth can make 24-36k during that period?

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