Don't cut loss, by cutting loss you are allowing others to make money from you. If you have money, start to nibble here and there to average down your stocks. make sure, the stocks you are holding are good and solid, one that will recover.

At the moment, you should exercise 3.

For me, I told myself I will start collecting a bit when KLCI hit 1350. So now, I started to buy a bit here and here.

NExt stop for me to buy some stocks will be 1250..if it ever hit. You need to have your investment strategy intact.

Don't worry as long as you are not a contra player.

I'd always tell myself, money will not be gone if I invested them in a good solid company. Money considered to be gone completely if I'd chosen to eat good, fine dining luxury food, because no matter what kind of food or how expensive it is, the food will be digested into .... as a end product. So why worry? Of course it is not nice to look into deep paper loss, but bear it with, this is the risk attached to it.

Talking about risk, how risky can stocks be when the most risky thing is being human itself. We sleep, we might face the risk of not being able to wake up. We get into relationship, not knowing that whether will our partner stay devoted to us even after all the efforts or money showered. If anyone tell me investment is risky, scared and worried so much, maybe I can conclude that they have not be a human long enough to understand. Being human is the riskiest things ever!

Cheers, take this as an opportunity to buy in.Just my 2 cents

PANAMY will have higher risk attached due to electronics product. People tend to stick to old electrical products during recession and only will change them if they are spoiled. Genting needless to say, super high foreign exposure with so many business source, it is an IHC, a conglomerate company.

TM is defensive, but if you look at the moment, a huge support is at 4. Anything below RM 4, is considered a good buy and dividend yield will stand at 6.x %. Happy fishing/netting. Cheers

My buy order of SUNREIT at 1.07 has been matched. O.O. Checked the tracker, SUN REIT got dumped and being swallowed up in big alot, i suppose is EPF.

TM also is being swallow up..

1. Cut loss on under perform counters. Definition of under perform counter? Definition gotta be clear.

2. Sell now, and buy back lower. ---> Define on what is lower? Market is unpredictable, no one will know when is the right time to buy or sell. This is always the dilemma that we human have. That's why I keep on emphasizing the importance of having a strategy. Everyone has his/her own strategy to trade or invest.

My steps are easy.

a. Keep telling myself to set my definition right. I'm a believer of 80 20 rules and I applied it in my daily life routines and as well as when it comes to investment.

Good time, market bulling up= My portfolio is 80 % aggresive, 20 % defensive.

During the time when market tend to head to bear, I will restructure my portfolio to 80 % defensive and 20 % aggresive.

Again, ask yourself, what is the definition of your aggressive and defensive stocks meant? Maybe you don't like 80 20, you can set your value, perhaps 60 40 %? It's up to your risk appetite.

For me,

Defensive stocks = telco, utilities, consumer products, REITs.

Offensive stocks = Property being the most, Banking sector, O & G, Plantation.

I add 1 more, cyclical stocks = Glove companies

Previously, I hold SUPERMX, a lot in SPSETIA, TAMBUN, BIMB, PBB, YTL, and little defensive stocks with MAXIS and YTLPOWR only.

Now, it's the other way round. I have took profit on SUPERMX, BIMB, PBB, break even on Tambun, Cut loss on YTL and Spsetia. Then the money i use to restructure into a more defensive position.

I have started to collect Genting 2 months back from the price of 10.80, and had been continuing to average down. Now my ABP is at 9. 40, still at paper loss, but Genting is currently my most aggresive stock to be followed by UOADEV @ 1.50 and SPSETIA.

Strategy is very important. Before you start buying, you have to think whether you are in for trading or investing. Target price? When to take profit and when to cut loss. Make yourself act like a robot, and try your very best to adhere to the strategy. You often will not go wrong. Reason why many people get burned badly in stocks is because they don't have a good strategy in hand. They tend to let the emotions ride over them. Cheers

Quote: You need to have a good strategy to bring your life to the next level. Mange your life like how you manage a company.

if you have understand my previous post, I've said I'm a believer of 80 20 % rules. Do you think I will get myself to expose everything in stocks? Haha! Thanks for your advise dude, but I do know how to manage my investment. I trade in forex, I hedge some of my currency, property, I have some cash savings too.

Stocks only made up to at most 20 % of my networth only. So if market tend to rebound, at least I'm sure I will have 20 % of higher networth than u. If your claim is true, then just let the 20 % of my networth to be in the cold freezer. Anyway, that 20 % of it won't affect my daily routines. No worries dude.

Cheers...

This post has been edited by andrewckj: Sep 23 2011, 10:50 AM

OT: Haha. You are flattering me Forex not so soon, I'm still learning from my Uncle to be better as forex trading is one of most volatile trading out there, you make a lot of your burn till nothing left. I need to be well prepared before giving classes as I don't want people hard earned mone to get burn.

Forex is where I trained my discipline from, pursuing in ACCA is where I trained my determination from and working as a audit is where I learn my organizing and management skills from.

oh, that's my life.Lols

Time to time, I do organise some talks on wealth management and investing tips for some of my clients and friends to attend. I consult people on their personal financial as well.

I like! Support! God bless us!

Bear running amok with all the bear relatives, family members and friends running wildly around, having party. Shall we party too?

KLCI is plunging deeper into red Zone. UOADEV - 10 cents, PBB drop 70 cents and even BERNAS drop 11 cents. We are certified and confirmed to be in bear zone. It could get bloodier. Enjoy the ride down, time to be excited, but if you are scared, time to exit now, else just enjoy the ride..

+1, you are right, copy that! Now is the time to prepare to go into the war, because it has BEGUN!

UOADEV, still can drop. Respect this counter, thought at 1.5x will be able to find it's support, but the dumping continue...

Indeed, bottomless, I'm seeing our KLCI to breach 13xx within this week, reaching 129x. I'm still not buying, bearish mode is just about to start.

oh ya man, UOADEV is nearing to penny stock. Man, I'm trap at 1.50, lols! My only property stock left together with some of SPSETIA.

FF, I have a friend which works in DBS Investment bank in Scotlant. I was talking to him last night and he told me, sentiment is bleak, like there is no light at the moment at the end of the tunnel. Like I have said, KLCI will breah 1300 level by this week. Heavyweights will continue to fall...blue chips become red chips...dollar stock become penny stock. Double digit PE will become single digit..

Banking sector will get hit worst, property sector, automobile, aviation, and the list goes on..

It will be the record single day highest drop at closing price today to set a new record for the year.