May 16 2009, 01:15 AM
QUOTE(kmarc @ May 15 2009, 10:40 PM)
When I started stock trading, my first rule was to play safe and not be greedy i.e. no sai lang business. Because of this, since starting trading, I have not lost any of my trades yet. Of course, I entered the market when it crashed so I was very lucky. To reduce my risk, I usually wait for the market to fall, then start buying in small amounts. If the counter drops further, I will average down. Eventually, the counter will go up above my ABP (unless the company goes bankrupt).
So far, my realized profits is around 15% of my capital and came from trades as below:
Zelan x2
Gamuda x2
KNM x2
Scomi
Lionind
WCT
Resorts
Kinstel
LCL
Now I'm holding on to the following counters, all of which has paper gain except for Hektar (slow snail counter for dividend only):
Uchitec
Lionind
MRCB
Kinstel
Many people try to use their small knife to cut big tree. However, lots of time, the big tree will fall on you!!! Stocks trading is risky business. Chance to become rich.... of course.... but you also have a chance to lose all you money....
As cherroy has said - if you keeping jumping from one counter to the other (while make profits), you'll eventually jump into a wrong boat and lose.......
Trade safely. Less profit is better than losing your money right?
Edit : Oh ya, I only use cash account. No margin business for me.
That is very good, kmarc. I wish I'm as patient, humble or as zen as you. So far, my realized profits is around 15% of my capital and came from trades as below:
Zelan x2
Gamuda x2
KNM x2
Scomi
Lionind
WCT
Resorts
Kinstel
LCL
Now I'm holding on to the following counters, all of which has paper gain except for Hektar (slow snail counter for dividend only):
Uchitec
Lionind
MRCB
Kinstel
Many people try to use their small knife to cut big tree. However, lots of time, the big tree will fall on you!!! Stocks trading is risky business. Chance to become rich.... of course.... but you also have a chance to lose all you money....
As cherroy has said - if you keeping jumping from one counter to the other (while make profits), you'll eventually jump into a wrong boat and lose.......
Trade safely. Less profit is better than losing your money right?
Edit : Oh ya, I only use cash account. No margin business for me.
Added on May 16, 2009, 1:19 am
QUOTE(Ruionkoh @ May 16 2009, 12:13 AM)
sure ar? gawd daym f***..... if it drops to 0.55 i will sell d. T.T
by the way what if i plan to keep say like a year ?LOL would it be fine?
You keep good companies with good fundamentals for 1 year or more. For company with rocky fundamentals, you just throw away before you get burnt. Unfortunately, ramunia is the 2nd company. They don't have a business now. They sold all their assets / operations to SIME. Don't keep shares in a company that doesn't even know what its going to do now.by the way what if i plan to keep say like a year ?LOL would it be fine?
Added on May 16, 2009, 1:20 am
QUOTE(ABC2020 @ May 16 2009, 12:41 AM)
Experience trader here should give some advise to newbies that so excited to deal with warrant........ warrant that almost expire also dare to buy. Really dont how do write the word DIE?
Ya, scary. 
This post has been edited by omores: May 16 2009, 01:20 AM
Quote
). It's like some japanese origami coupled with American skewed sense of humor. 
As well as Saag at 0.355. So now left around 18k. Any advise? 
Now I realized what it means to hedge your losses. Thanks Adam!!!!
. Very sienz when I log into my AMINVEST account and see RM-3999 on all my stocks. Lucky the other a/c got profit RM4500, so all square out. Now waiting for time to go back in. 
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