A lot of people, young people mostly....who think let me learn about the stock market, read a few books, learn some accounting terminology, attend a few seminars, get a few sifus...and be rich like their heroes....and these are intelligent and smart people.
well.....stock market got cycles, got changes, stuffs happen, people make money, people lose money......and smartness don't determine every thing......
KYY is not an analyst. This statement is neither an insult nor a complement. KYY is a stock market player who takes the good and the bad just like everyone else.....
Did analysts do well in 2018, do better than KYY in 2018? Not according to their work throughout the year...and not according to what I have of inside information of analysts personally investments......
Did I do well in 2018? Yes, I can say I did pretty well in 2018....But I am a trader....I am not a buy and hold guy.
Buy and hold guys did not do well in 2018....No sector is spared.
America even worse....America had a year of increasing profits and rapidly declining forward PE multiples.......And major indexes at year low , meaning, on average, all buy and holds all lost money in an environment of rapidly declining PE multiples....what value investors take as their ultimate test of value investing..........
What are the lessons here?....U think about it yourself.......
2018 all buy and holds all die...almost no exceptions......not just Sendai and Jaks......in i3 competion 2018, the winner is John Lu who lost only 38%...turns out the winner is my wife who invests in IGB reits and Pavilion reits....still do....She says...not all reits , only IGB reits and Pavillion reits sure got full rentals.....She in her own way got business sense......
u see,.....business sense remains the final arbiter the final unquantifiable quality..............
2018 again shows risk and rewards are just opposite sides of the same coin....that u cannot get extraordinary rewards without risk........
and that is what happened to the buy and holds and value investors ...those who enjoyed the most from previous years small cap index rally lost the most this year.....
Good observation qqq... Many stocks have bombed out and when bad news can't mow it down, the next level is up... Was already taking sporadic positions since Thursday.. An excellent traders market
Can it sustain? I don't know but as long as one doesn't show signs of weakness, just ride if for awhile... Though volume in general is low, the bombed out stocks are showing good reversal volume buildup.. This is the time the smart money are averaging up slowly in anticipation.. Just be careful of abnormal price spikes and volumes.. Good luck and happy trading
If want to gamble, I feel this is the best time to gamble.. Not on blue chips but on shares previously oversold Those forced selling shares
to gamble or not to gamble is a personal decision.....will the contagion spread to malaysia down so long already? ....not from local funds.....but will foreign funds sell on redemption fears ? That is the risk and the news we have to look out for.
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....
qqq3
13,202 posts
Posted by qqq3 > 2018-12-24 09:58 | Report Abuse
A lot of people, young people mostly....who think let me learn about the stock market, read a few books, learn some accounting terminology, attend a few seminars, get a few sifus...and be rich like their heroes....and these are intelligent and smart people.
well.....stock market got cycles, got changes, stuffs happen, people make money, people lose money......and smartness don't determine every thing......