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 Investors Club V9, Previously known as Traders Kopitiam

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kymlym
post Jun 3 2016, 10:15 AM

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Joined: Apr 2016
QUOTE(JustcallmeLarry @ Jun 2 2016, 10:57 PM)
Thank you for the advice.  notworthy.gif
Nope just started interest in this, bcs see few friends living the good live. Dont even know how can i trade online without having to keep calling a broker everytime want to buy & sale...
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There's always online trading nowadays. Dont need to call broker.

Btw, your few friends living the good life may have worked hard to have reach where they are now. I like the phylosophy of the swimming duck, whereby the duck may look calm and composed, but below the surface, the legs are kicking like mad. (Just sharing)
kymlym
post Jun 3 2016, 10:16 AM

New Member
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Junior Member
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Joined: Apr 2016
QUOTE(TC-Titan @ Jun 3 2016, 09:45 AM)
My 2 cents:

It's a different ball game IF your family and yourself are solely dependent on how much profit you can bring in on a daily/weekly/monthly/yearly basis from your trades.

Those with a lot of commitments (e.g service home and car loan, fund kid's college and uni education etc) will have even more psychological stress/pressure. Are you confident to be in the right state of mind to trade every day? How about days when you're very sick?

Even if your trading strategy may be good, but there are some situations (black swans) which may out of your expectations (e.g refer to crazy dips in BAT, Gtronic, MISC). Can you cut-loss on time? Willing to make an immediate realised loss from that or wait till price recovers back? Time is money. How much are you willing to cut-loss (e.g 2% to 30%)? To regain back the amounts that you have cut-loss also takes time.

Lot's of things to consider and lot's of battles and wars to choose. Don't need to be a champ to trade every stock out there all the time. And not necessary to follow the crowd to trade the "favourite" stock of the day/week/month.

The best thing you can do now is to gain more knowledge and experience. Read up and go for courses if you need to. Practice "paper trades".
Don't learn the hard way by burning your hard earned money within a few seconds or from just one trade. Ain't worth it.
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Well said. thumbsup.gif

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