He was willing to sell on the way up, and not feel bad, if he should have kept it and sell at top.
This is the hallmark of a good trader.. One who respects the market and understands that you can never sell the top nor buy the low... As you said, we are after the easy money, the 30 to 70% of the low to top movements and doing it consistently within these ranges, and not big money, 90% to 100% movements
Just like an investor who watches quarterly reports or deteriorating fundamentals for the reason to take positions to buy or sell, the trader watches the change in momentum and sentiment as his gauge... Upthrust, continuation, inherent weakness, lower on sympathy, effort with no results, volume spikes, failed moves etc are all some of these parameters
I have no qualms wagering 100k to 300k on a trade but if you ask me to out RM 50 on the big small table at the casinos, my palms sweat.. That's punting..however, Poker is a game of skill and probabilities, just like trading
Profit = Total share value + cash on 31/12/2015 - (total share value + cash on 1/1/2015 or I call it capital for beginning of the year
% gain = profit / capital for begunning of the year
This us how I calculate. Same method every year
Posted by stockraider > Aug 25, 2018 10:57 AM | Report Abuse
Posted by Koon Bee > Aug 25, 2018 10:53 AM | Report Abuse
I dont have any doubt for Jon statement in 2016 with 100% because myself had achieve above 150% p.a in 2015, 2016 and 2017. Just very interesting of how TTT can achieve 500% in 2017.
RAIDER ASK;
CAN U ELABORATE HOW & WHAT U USED TO CALCULATE RETURN FOR 2O15, 2016 AND 2017 LEH ???
Charles, like Jon's friend, I don't keep tight records because to me, the objective of this game is to win, not to be right (also, I make too may trades in a month, to keep a record, I'd have to engage a book keeper to reconcile) ... $ is just a score and if you have the thinking that you must make x% minimum from your trades, you're setting yourself up for disaster...
The past 3 years, this being 4th year I trade this way, Ive done 150 to around 200% returns and this year, as I've said, had been the lowest so far for me
I'm not interested to teach nor do I want the headache of managing clients on subscription... Whats the point? If you are right, it's expected.. Wrong and you get crucified...
As I've said before, I have the best job in the world.. I don't report to nor be accountable for anyone except myself... I go for overseas holidays twice a year, and sends my son to an international school and a fully paid modest home and a conti sports sedan... What more could I ask for?
I'm not here in i3 to seek clients or validation of my skill or results but merely to get trading ideas and kill time
THIS RAIDER THINK IS THE CORRECT WAY OF CALCULATING LOH....!!
BUT IN ORDER TO HIT ABOVE 100% ...IS LIKE U NEED TO FULLY INVESTED...LET SAY IF U KEEP 30% CASH 70% EQUITY....YOUR TASK OF ACHIEVING YOUR OBJECTIVE IS MAKE MORE DIFFICULT LOH.....!!
BUT ANYHOW....IF U MANAGE BIG CAPITAL....ABOVE 15% PA IS ALREADY VERY GOOD LOH.....!!
THUS DO NOT OVERLY SET URSELF TO HIGH A TARGETS IN LONG RUN, BCOS U BOUND TO FAIL....OR U TAKE EXCEPTIONAL RISK TO ACHIEVE UR AMBITION LOH...!!
EVEN WARREN BUFFET AVERAGE RETURN IS LESS THAN 20% PA OVER LONGRUN LOH..!!
Posted by Koon Bee > Aug 25, 2018 12:17 PM | Report Abuse
Profit = Total share value + cash on 31/12/2015 - (total share value + cash on 1/1/2015 or I call it capital for beginning of the year
% gain = profit / capital for begunning of the year
This us how I calculate. Same method every year
Posted by stockraider > Aug 25, 2018 10:57 AM | Report Abuse
Posted by Koon Bee > Aug 25, 2018 10:53 AM | Report Abuse
I dont have any doubt for Jon statement in 2016 with 100% because myself had achieve above 150% p.a in 2015, 2016 and 2017. Just very interesting of how TTT can achieve 500% in 2017.
RAIDER ASK;
CAN U ELABORATE HOW & WHAT U USED TO CALCULATE RETURN FOR 2O15, 2016 AND 2017 LEH ???
Alamak...the 500% is created story ah? Ah Jon wei, want fish new member to pay 5k show r3sult like how OTB did la. Dont so many pattern create story ma. No good la bad karma. Or maybe u want to disclose who is that 500% guy ID? Dont tell me is that pukimak calvintaneng or Cipek Teh ok
Ah Jon youngman, dont greedy. i3 here got alot of very geng sifu u know like otb, icon, paper sifu, venx, murali aka charlesT (thanks this Charles sifu to give me the name of Koon Bee), and many more that i know some is silent reader.
Otb has to repeat his 5 years records here again n again for rm1000 Kc has to post many many FA analysis in i3 since 2012 for rm2k to rm3k?? (If i m not mistaken)
Ah Jon one year plus here in i3 showing less than 20% return in 2017 asks for rm5k..
CPTeh everyday cut loss n mkt crash for the past few years cant even get a rm500 cohort...
Bro koon bee i regret not charging u rm5k last time for this very ong koon bee name...i think ever since then u made more than 100% return every year..
Looks like i can establish one more source of income bsides trading...
Hahahaha...very lucky and geng name. Koon Bee system is the best in bursa past few years.
Posted by CharlesT > Aug 25, 2018 12:48 PM | Report Abuse
Bro koon bee i regret not charging u rm5k last time for this very ong koon bee name...i think ever since then u made more than 100% return every year..
Looks like i can establish one more source of income bsides trading...
BUT JON CAN DISCOVER THE SECRET OF MAKING 500% PA RETURN SURE DESERVE RM 5K...OTB ONLY 50% RETURN PA AND KC ONLY 10% PA, OF COURSE JON CAN JUSTIFY THE FEES OF RM 5K, SURE THAT HE DESERVE MAH...!!
Posted by CharlesT > Aug 25, 2018 12:46 PM | Report Abuse
Otb has to repeat his 5 years records here again n again for rm1000 Kc has to post many many FA analysis in i3 since 2012 for rm2k to rm3k?? (If i m not mistaken)
Ah Jon one year plus here in i3 showing less than 20% return in 2017 asks for rm5k..
CPTeh everyday cut loss n mkt crash for the past few years cant even get a rm500 cohort..
Stockraider 500% return was his friend record in year 2017. To me 2018 or 2019 year onwards dont think there is another bull market for you to get 500 or even 3000% gain .... so to those small capital one 5k fee is damn expensive if cannot guarantee having exceleemt return of 30% at least. To me it is mot justified if not guaranteed on this.
IF PEOPLE CAN GIVE U 500% RETURN WHAT THERE COMPLAIN ABOUT PEANUTS RM 5K FEES LEH ??
IF CAN GIVE ME THIS TYPE OF RETURN GUARANTEE EVEN RM 100K FEES ALSO WORTH IT MAH....!!
DON BE A CHEAPSKATE LOH.....!!
Posted by windcloud > Aug 25, 2018 12:54 PM | Report Abuse
Stockraider 500% return was his friend record in year 2017. To me 2018 or 2019 year onwards dont think there is another bull market for you to get 500 or even 3000% gain .... so to those small capital one 5k fee is damn expensive if cannot guarantee having exceleemt return of 30% at least. To me it is mot justified if not guaranteed on this.
Stockraider ... i dont think 5000 fee is worth it and i dont need it .... i give free tips or free sharing in i3 without any charges ... person may also can earn from this ....
Posted by windcloud > Aug 25, 2018 01:03 PM | Report Abuse
Stockraider ... i dont think 5000 fee is worth it and i dont need it .... i give free tips or free sharing in i3 without any charges ... person may also can earn from this ...
Jon dont shy or pretend busy leh. I very long time didnt lepak inside this i3 kopitiam liao. U know la today meeting old friend Charle aka Murali sifu, lots of things to talk ma.
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....
CharlesT
14,976 posts
Posted by CharlesT > 2018-08-25 12:04 | Report Abuse
Jon is only one year plus in i3 n so far we only see his 2017 result n he is now charging rm5k...geng