hng33. Please go for strong stocks like Genting. I myself is holding some. LCTH is quite fragile at the moment and your tactics will likely add to the fragility!
There r many different styles n pattern of trading/investing...not everyone likes kcchong or otb way...n despite so some of them still can make money consistently too...hng33 is one of them...i dunno how old is this guy but he seems to be quite experienced n can always sense the money....got some kind of talent..
here are many people can give good potential stocks pick, with entry price and target price like Lcth 70sen, Ksl 1.40 bla bla bla.......but, what about short term exit price? Lock in profit price? .bear in mind, market trade almost everyday......share price up and down, the later up again, or down again almost everyday, then I day have paper profit, the later paper profit become paper loss.....then, paper profit profit reappear again........these changing share price daily is affected by both internal and external ever changing news....oil, currency, sentiment....
Thus, aside buy and hold for target price, there are actually many opportunities appear everyday in the market, allowing swing trading to reap profit fast based on momentum trading.....of course, must take calculated risk in which every trading must set target exit and cut loss point, so that capital won tight on stock for too long, free up to roll and roll on target stock every time when opptunity reappear again and again.
Buy low sell high, buy high sell higher, so long the net is positive as sold stock can at anytime buyback again. Master these niche skill through cumulative trading experience, so that it become an edge to ensure continue survival in volatile market with only rule to protect capital as first priority. Buy, sell, buyback, sell back, lock and realize profit, cut loss are all part of daily trading routine, so long the net is positive, keep rolling.
@hng33 if you trade like this I think you will never grow. You are those people who think they can buy at the lowest and sell at the highest in short period of time. No one can predict the market. Think about it, is there any billionaire in the world invest, or should I say trade like the way you did? Unless you have been consistently earning for the past 10 years or so with this strategy, then you can shut my mouth.
if you see the buying and selling prices of Hng33, he does not buy the LOWEST and sell the HIGHEST. He just buys at a price range which gives a profit margin. His biggest discipline as I can see, is NOT being greedy. This method is much better than holding on to a stock and being undecisive on when to sell. End of the day, contra and short term trading involves a lot of effort, dedication and of course brilliant strategies. What Hng33 has more than anyone is his timing.
Your statement that you think he will 'never grow' is delusional. If you calculate his buying price and selling price for the past few months, I think he could possibly be a millionaire already, if his trading volume is high.
Correct me if im wrong. Im a newbie too. Not too new but still learning. KLSE is not as reliable as NYSE. For me, I think Hng33 has developed the most suitable gameplay to stay wealthy under the KLSE niche.
I still in learning path even I alrdy have 15 year past experience. These is because stock market is always refresh, need to attend keep changing market condition, updating through cumulate experience in stock trading.
I quite agree with hng33. I had been practicing as fundamental value investor and long holding one company shares for 8 years but never earned a sen but huge lost. Now following hng33 method start to get petty profit.
I look like a fool trying to argue with people on the internet. It just pissed me off everytime I see short term traders, knowing that they will lose their hard-earned money at the end of the day.
Doesnt matter, stock market is a zero sum game anyway. We always need more losers in this game to make it easier to win.
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....
hng33
20,465 posts
Posted by hng33 > 2016-03-09 09:49 | Report Abuse
Bought back lcth at 61-61.5sen