Charan das, To bottom fish , you must be very clear of what is your risk profile....Are you a speculator/gambler or are you a fundamental investor?? Each company has its own personality whether it is a speculative counter of fundamental counter.....Whatever the case maybe and whatever your risk profile is....You will be on much stronger footing if you focus on companies where the last traded prices after the recent correction is above the 200 days Moving average or better still above the 100 days or 50 days moving average and the last traded price displays a hammer pattern
Avoid bearish counters where the last traded price is way below or way below the 200 days moving average price.
KC Loh, We are now living in the world of FIAT currencies and nations are engaged in currency wars with nations depreciating their currencies to boost export competitiveness. Don't fight the trend and moreover you cannot do anything to influence the outcome....just ride on the trend and profit from it
We can be academic about it but what function does it serve....It only clouds our decision making by introducing biasness in our thinking...Approach this investment opportunity with a clear mind by Understanding the rules that is being played and profiting from the same rules that are being played now.
Has anybody not heard of rogue????......when IRA in Northern Ireland supposedly disbanded in 97 they became the "Real IRA" after that till today. Their mission supposedly less violent......IMF, world bank...? What is world bank when today's trend is the bank follow u. Take for instance ICBC to support loan and etc of Chinese businessman outside china......
Many of you guys been around in the stock market, some maybe over 20 years. While at it, I bet some of you made a lot of money and become rich while some breakeven and some still lost overall. Despite such market knowlegde, winnings/losings and experiences, I have come across almost 9/10 regrets - that have long term effect until old age. I had known people who was worth $20 million reduced to practically nothing.
I have a friend who opted for early retirement, had quite a lot of money as he was and is still a bachelor and also careful with his money. He used to be short term traders for years and pretty much full time in stock market, KLSE and SGX. Every time I asked, he always say "very good". Lately he said he doesn't trade too often but only on selective counters. Also now saying good time to buy after crash due to SARS, Irag War, etc..I wonder what happen to his trading passions; but I do undetstand, despite all the goodies stories, the zero sum gain formula had probably forced itself in.
In the current KLSE, me, being a low risk investor, and had been waiting for major market crashes won't think twice to join the bandwagon of the prophets of doom..:). Maybe this is the time...the sign...that it is coming...hahaha.
Now when we the prophets of doom tell you to buy after the crash next time (provided that you survive the major falls to come), do follow because it will give you the opportunity to earn multiple profits, more than what some may make during their entire trading months or years.
Trade few times only is the rule but do it and win...buy low, sell high.buy 1 million of Maybank or any blue chip when it is rock bottom price...wait and sell to make 2 millions. Enough, right? Because you could trade for years, how many make 2 million profit?
Now time is money, since I am out of the market...let me continue selling my pisang goreng...small business but guarantee profit :))))
Market is always 6 months ahead of everything.... so market is actually rather late already... even if QE tapering is postponed to OCT DEC.... result is a disorderly crash.... vs a controlled soft landing...
Foreign funds leaving, interest rate expected to go up, ringgit falling, Syrian threat causing oil prices up (maybe can buy O&G shares soon), Indian Rupee & Turkish Lira down......sold off everything, many at a lost, will wait on the sidelines and than only go back in.
i just sold all those stocks with high foreign holdings and a few others.. mbsb sold at rm3 kulim at rm3.55.. lots.. so i am happy can buy back later..
to buy market from 1200 to 1400 is better then to buy the market from 1700 to 1800 right??? so now u see why UMNO elections got no effect on market now.. get it???
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....
Posted by newbiestock > 2013-08-27 23:50 | Report Abuse
get ready if not ready guys. good luck