Quote: You cannot solve current problems with current thinking. Current problems are the result of current thinking. Albert Einstein. So, to be a success in the share market, think out of the box, think (like) Stockmanmy, KYY?
We can understand the philosophy that you are promoting. Nothing is wrong with that philosophy. While you are promoting it, is it necessary to insult people who do not agree with you?
"Fred Schwed wrote a book called Where Are the Customers' Yachts? The title came from a story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were. Of course, there were none. There is far more money in providing financial advice than there is in receiving financial advice."
The above is the essence of this interesting book, "Where are the customers' yachts?"
Do you see anything, anything at all written here related to the title used? All of them are just gibberish, all nonsense came out from loud mouth.
Read what he wrote and my comments:
A minority makes money from the stock market The vast majority loses money in the stock market
ME: THAT IS TRUE, BECAUSE SOME PEOPLE BOUGHT SHARES FIRST, PROMOTE THE SHARES FURIOUSLY, GET THE OTHER MAJOR SHAREHOLDER, AND A COUPLE OF FUND MANAGERS TO JACK UP THE SHARE PRICE, AND THEY SLOWLY DISPOSE OF THE SHARES.
Attitude pre determines every thing already. Winners have winner attitude ME: WHAT ATTITUDE? WHAT ARE THE WINNERS’ ATTITUDE? NEWBIES AND THE PUBLIC EASY TO BE FOOLED, SLAUGHTER THEM?
Losers have loser attitudes ME: WHAT ARE LOSERS’ ATTITUDE? CANNOT KEEP WINNERS? HOW YOU CONCLUDE THAT EXCEPT A LOUD MOUTH?
Cannot change that unless people change their attitude 3 ingredients to be hugely successful - able to sailang and go for the kill (in the words of HK Value Cap) ME: SAILANG WHAT? KILL WHAT? BASED ON WHAT TO SAILANG, TO KILL?
- can keep the winners ME: WHICH WINNERS YOU HAVE KEPT? BUYING JAKS AT rm1.70+ WINNING? JACK JAKS UP TO rm1.70+ A WINNER?
- a blessed life ME: THAT IS TRUE. BUT YOU MAY NOT KNOW WHO HAS A BLESSED LIFE, OR WHO HASN’T.
Posted by stockmanmy > Jul 24, 2017 10:02 AM | Report Abuse 1 Go ask KC whether he kept any of the winners in his model portfolio with real money and real life. bluff money and model i3 portfoli got la. 2. Dividend model so 20 century......that kind of strategy would have missed out on all great quality stocks of the 21 century. Go look into new technology stocks better la.
Since you asked, so let me tell you what I still keep
1) KESM bought at RM5+ 2) JHM at RM1.20 3) Willow at 60 sen. Those bought at less than 40 sen sold already. 4) Padini bought at RM2.30. Those bought at less than RM2.00 sold already. 5) Magnitech bought at less than RM4.00. Those bought at less than RM1.00 sold already. 6)Vitrox bought at RM3.70 before corporate exercise. yeah this one sold too early.
Wlllow, Padini and Magnitech were bought using your so-called "20 century" strategy.
I can't simply write here because I will lose credibility from so many of my stock pick participants if I bluff.
The moral of the story is that when you are young, you should work hard and invest wisely to build up your wealth so that you don't need to suck rich people's eggs to make a living after you retired
Dont add salt into other's wound...If u were him, 61 years old retiree with not much saving in yr bank ac n EPF, wife n kids not diu u much...nothing to do at home n not many friends...
Is it really that wrong to suck eggs for some tips which can make few hundreds? He is neither robbing nor stealing....
Dear Stockmanmy, As engineer we are trained to put in a certain safety factor into our design and we even physically stress or pressure test our design to 1.5 times its normal operation stress or pressure. It’s better to be safe than to be sorry later. Of cause safety comes with a price but it a price worth paying. I am a newcomer to i3 community and I understand many of Sifus mean well in sharing their investment experience or teaching but just remember no one size fits all. So please do not insist that your method is the only right one and belittle all the other people teaching/experience or challenging people on their holding power or profit record. For those interest to know when Mr. Koon will sell his share, I quote the below from Mr. Koon own writing. http://koonyewyin.com/2016/09/17/when-do-i-sell/ When to sell depends basically on your knowledge, understanding, experience, holding power, your risk appetite and your circumstances. As I said before, 3 persons can buy the same share at the same price and each one can have a different result. A small trader will sell when the price went up 20%. Another will sell even at a loss because he has no holding power. A smart investor will not sell as long as the company is showing increasing profit. However, I will try to give you some guidelines so that you can make more money. The following are reasons for selling: 1. I will sell when the reason to buy or hold on the share is no longer valid. That means I will not buy the share because it does not comply with my share selection golden rule. My golden rule is the company’s latest 2 quarterly profit must be better than that of last year so that the annual result will be better than last year. Otherwise, the share price will drop. I have not seen any share price go up when the company reports reduced profit. Unless the company’s product sale is seasonal, I will start selling some as soon as I see a reduced profit. I will sell as fast as possible as soon as I see reduced profit in 2 consecutive quarters. 2. I will also sell some if I have a better use of the proceeds to buy some new hot stocks. For example, currently hot stocks are CSC Steel and several other steel products makers which will benefit from Megasteel closure. That is why their prices are going up like rockets. 3. I will also sell even not at the best price just to follow the down trend. I find it is better to follow the trend instead of going against it. I will stop selling if the price is falling too rapidly for no good reason. But, I will start buying back as soon as I see a trend reversal. 4. As no share can go up or down indefinitely for whatever reason, I will sell some even it has not reached my target price. 5. I will sell whenever there are an unusual big numbers of buyers so that I have funds to buy back at a cheaper price during price correction. 6. Most people are too greedy and reluctant to sell even when the price has shot through the roof. 7. There are also people always sell too early and not prepared to take some risk. You must not forget about transaction cost whenever you sell or buy. You must also remember to keep some really good shares for long term to be able to make more money. If you have to sell some for whatever reasons, always remember to buy them back.
I appeal to all, please do not delete Stockmanmy comments, let him has his said as we are open minded and able to evaluate for ourselves what he had to say. Lastly I extract comment from khatulistiwa1234 for all to ponder upon. 人活著,沒必要凡事都爭個贏或輸。 跟家人爭,爭贏了,親情沒了; 跟愛人爭,爭贏了,感情淡了; 跟朋友爭,爭贏了,情義沒了。 爭的是理,輸的是情,傷的是自己。 Thank you.
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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....
choop818
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Posted by choop818 > 2017-07-24 03:51 | Report Abuse
Quote: You cannot solve current problems with current thinking. Current problems are the result of current thinking. Albert Einstein. So, to be a success in the share market, think out of the box, think (like) Stockmanmy, KYY?