duit ... wud like to share these points with newbies who aspire to be traders and not followers :- 1) do not dabble with high-risk warrants; eg hsi 2) do not mess with counters with lots of controversies; eg fgv 3) do not buy when QR is just around the corner (any bad surprise u may not even have chance to cut at your price !) .. traders are NOT investors who will ride the storm from one bad QR result 4) set cut loss at 1% of your capital to stay in the market long enuf to find your edge (if not any big loss will wipe u out in a blink of any eye) 5) based on point (4), do your position sizing correctly .. eg buy price RM1 and cut loss RM0.95 with capital of RM50K .. u can buy 10,000 shares cuz if u cut loss it will cost u RM500 which is 1% of initial cap of RM50K (note i did not include fees like brokerage / stamp duty / clearing) 6) read up on money management .. fully understand it before u even decide on your trading style (position / momentum / swing) 7) accept that all trading styles have pros and cons .. there is no holy grail 8) stick to your trading style and forget about a hot counter that does not meet your set-up criteria (u don't have to follow the herd)
Duit, if you are willing to admit your mistakes and recognize where you went wrong, Then I am sure you are on the right track to becoming a better trader & Investor. All the best to you :)
Trading is good when it is going up If trade like Cpteh who like to catch falling knife one need to have very big appetite for risk Obviously no one else is better trader than Cpteh
If we really want to skip all three(3) mean we are not taking risk in trading but away from the risk. One thing very concur with you is newbie gain no advantage to trade HSI........... Firmly agree on it.
I lost more than RM30k in FGV alone...Thanks to all the surprised and shocking financial scandals and management tussle. These, we can't analyze from the Financial Statement.
Good sharing bro - stock market is never easy - even for experienced trader like yourself oso kena sometimes let alone novice like me kena even teruk if I dun becarefool- tat is why I never trade as a trader but sometimes buy long term oso die temporary haha juz like Pantat from making to losing for the longest to finally making back again after upteen years but becoz good com can hold no need to cut kuku n oso enjoy masuk pocket divvy while bleeding :) butt if buy shit longkang like the General Lee's one the stink will still be there even 10 years from now. The important thing is to acknowledge the mistake n move on. I have no doubt u will recover back unlike those delusional bravehearts until today still being sodomised by the big bad General :( Like Charles said some people just like to be cucuk-ed haha
duit .. traders are taking risks all the time cuz the best looking chart / setup may also fail !! but these risks are calculated and manageable aka beyond one's control (it's clearly written in one's trading plan) .. thus, why add on risks that one cannot control esp playing 2 and 3 ? eg buy in anticipation of a sterling QR but the opposite is released .. gap down the next morning with no chance to cut ... then a miserable rebound but not reaching the pre-determined cut loss level ... and finally consolidate for weeks / months at low price before further catalysts kick-in !
Posted by 稻田·* 片片绿青~粒粒芳香 > Jul 26, 2017 05:29 PM | Report Abuse Can I raise my comment on your No.1,2 and 3..... If we really want to skip all three(3) mean we are not taking risk in trading but away from the risk. One thing very concur with you is newbie gain no advantage to trade HSI........... Firmly agree on it.
It is not easy to trade Given the amount of listed company today we have We not only need to pick the right company we still need to buy at the right price Only the house win :)
Property don't have much diversification It is also the reason why it is very easy to make money from it We don't have thousands type of property to choose from we only have less than 10 of the them (condo apartment landed terrace commercial residential etc) and they all serve the same purpose. The odd to win is 100% :)
it's your affable personality that attracts people la luit.. nice n real gentleman.. u c all those fights in other threads like GADANG this morning and also INSAS this afternoon?
bcs u admit your mistakes n not a proud man, i repeat my statement earlier.. what can we learnt from the fight in the other two threads?: dont b proud & cocky, n stay humble.. u have these traits. & good for u, people like this
tell me which parts U like me the most.. I change... I must improve so U don't like me anymore......... can help??? no cost helping project,,.,. can consider?
i just cant think of one, sorry, i think all well n good. to find n make friend, it's not easy. to create an enemy.. very easy; just go and slap him or her, becomes instant foe. or have a heated exchange of words on i3 forum..which part i like the most? honesty
GG....try ur best... at least find one... don't be like my duplicate ID sendiri praise sendiri only...... later my mail box penuh all shoot me again..... faster find one
for Connie... I must change to: Connie, U really cant find at least one good character about me????? How about I pay U RM250 u simply create one good point for me....
See....for connie.. the quest will change 360 degree to like this
duit .. nobody is perfect !! i embrace all be it your weak points or strong points .. in short, i will always treasure our frenship come what may :) and i sincerely hope u feel the same towards me cuz i am no angel also ..
tak qualified jagi trader sebab terlalu ikut emosi....biar lambat melabur dan jangan kelam kabut untuk kerja keuntungan....buat kajian yang panjang lebar untuk tempoh 5 tahun....sebab saham adalah untuk mereka dapat menguasai structur ekonomi semasa dan permintaan/keperluan yang lebih memihak kepada laburan untuk jangka masa panjang...tak mustahil sebab aku pun pakai kaedah warren buffet...
I used to read your tread. I'm also about 1 & half year into this hobby. Sorry to read your story. Its not end of the world. Many fell and rose to their feet and marched on including sifu KCChong. Its a temporary setback, but will remind us to be humble. You will find your level and hope u hv a bright future from there. Good Luck & keep posting.
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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....
j450n
450 posts
Posted by j450n > 2017-07-26 13:20 | Report Abuse
duit in trade we win some we lose some. cheers bro