Jul 25 2013, 10:35 AM
QUOTE(Boon3 @ Jul 25 2013, 10:30 AM)
Forever up ones are good especially if you are patiently sitting in it. 
To get big gains, you have to wait.
How to get 3x or 4x winners if you don't wait?
It's the same with investing or is the investing following the trading?
Investors don't pull the plants out upon seeing the first bloom of flowers, do they?
Those falling ones...
I know... you like cos .... you are drilled that buying something 'cheaper' is a good thing.
I know ... very hard to argue against that reasoning. Haha.
But in the stock market, I have seen incidents where all it takes is one bad falling cheap stock to whack you out of the game.
I saw it in Transmil last time.
Kaki thought when Tranmil fell kau-kau, it was opportunity of life time to buy something 'good' at a much 'cheaper' price.
How can it be bad? They argued.
Rich man Billionaire Kuok got big stake in the stock wor.
How can he let it die.
Kaki bought a lot when it limit down the second time.
When it rebounded a fair bit, he was convinced he was so right.
He bought more.
When Tranmil resumed falling.. he constantly bought more.
Still saying Kuok will not let Tranmil die.
He was wrong.
I am sure he lost at least 250k (maybe more) in that stock. He denied. Saying only 100+.
When the stock is in its initial falling stage, what would really hurt is buying and then to see the stock continue to fall and have no idea why the stock keeps falling and have no idea when it will stop falling.
If I want, I would rather wait a bit first.
Let the selling finish first and not do the risky thing of guessing where and when the stock will stop falling.
Waiting to buy is as important as waiting to sell.
Nice transmile story... but the transmile stock falling is together with deteriorating fundamentals. This kind of 'falling' stock I also don't want to touch.To get big gains, you have to wait.
How to get 3x or 4x winners if you don't wait?
It's the same with investing or is the investing following the trading?
Investors don't pull the plants out upon seeing the first bloom of flowers, do they?
Those falling ones...
I know... you like cos .... you are drilled that buying something 'cheaper' is a good thing.
I know ... very hard to argue against that reasoning. Haha.
But in the stock market, I have seen incidents where all it takes is one bad falling cheap stock to whack you out of the game.
I saw it in Transmil last time.
Kaki thought when Tranmil fell kau-kau, it was opportunity of life time to buy something 'good' at a much 'cheaper' price.
How can it be bad? They argued.
Rich man Billionaire Kuok got big stake in the stock wor.
How can he let it die.
Kaki bought a lot when it limit down the second time.
When it rebounded a fair bit, he was convinced he was so right.
He bought more.
When Tranmil resumed falling.. he constantly bought more.
Still saying Kuok will not let Tranmil die.
He was wrong.
I am sure he lost at least 250k (maybe more) in that stock. He denied. Saying only 100+.
When the stock is in its initial falling stage, what would really hurt is buying and then to see the stock continue to fall and have no idea why the stock keeps falling and have no idea when it will stop falling.
If I want, I would rather wait a bit first.
Let the selling finish first and not do the risky thing of guessing where and when the stock will stop falling.
Waiting to buy is as important as waiting to sell.
For the forever up stock, most are selling at high valuation, again back to fundamentals. I also hesitant to buy cause it is overvalued...
Sometimes so difficult to play stock market, buy susah, don't buy also susah...
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