The time will tell, very soon. I am having much fun already.

What Does Risk Management Mean?
The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk management can result in severe consequences for companies as well as individuals. For example, the recession that began in 2008 was largely caused by the loose credit risk management of financial firms.

Read more: http://www.investopedia.com/terms/r/riskmanagement.asp

Now, I believe many of the investor here do not look at charts. Thus, I'm going to share with you a very simple method to manage your risk by just looking at price.

1. Every time the gold price makes a daily new high, take note of the price. (eg: $1800/oz)
2. I have decided to use my risk factor of 5% (please determine your own factor) to determine my cut off point (eg: $1800 x 5% = $90/oz). This means if the price does drop below $1710/oz, I am going take what ever profit/losses I have.

This method will help you to ...
i) cut loss when you are wrong (cut loss can means profits or losses)
ii) maximize profits when you are right

This method weakness ...
i) This will work very well if you bought gold at a very good position.
ii) If market is going to move sideways such as in 2008, you will loss a lot of money instead.

My disclaimer ...
i) Trade at your own risk using the method i just shared.
ii) Read i) again!

Thus, I still suggest to learn a little bit of technical analysis. Even simple moving average can help to make a good trading decision.

If you want to be successful in the business of trading, you have to take the time to gain the education and experience and make your own decisions. Sounds like every other business doesn’t it?

Today price MBB - 173.41/g. Good to buy?

Today price MBB - 173.41/g. Good to buy?

if it can average down ur cost, why not??

Today price MBB - 173.41/g. Good to buy?

RM 10 /g loss since my last purchase early this month.

I keep on waiting for more drops.

was told, major sell down currently underway... how true, not too sure but tipoff by ppl in investment industry.

Maybank rates at RM172.07 now. US$1,646. We'll get a better indication when European markets open later in the afternoon. But my guess is that gold will go down further. But in Malaysia, prices dont drop as rapidly as the USD keeps on rising. USD now at 3.19

Maybank rates at RM172.07 now. US$1,646. We'll get a better indication when European markets open later in the afternoon. But my guess is that gold will go down further. But in Malaysia, prices dont drop as rapidly as the USD keeps on rising. USD now at 3.19

Today price MBB - 173.41/g. Good to buy?