Theres a famous saying in one of my 'trading bible'
Take profit halfway or lose the early position along with the direction.
Investors Club V9, Previously known as Traders Kopitiam
Investors Club V9, Previously known as Traders Kopitiam
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Jan 14 2016, 09:59 PM
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#1
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Senior Member
1,602 posts Joined: Jun 2010 From: Malaysia |
Theres a famous saying in one of my 'trading bible'
Take profit halfway or lose the early position along with the direction. |
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Jan 15 2016, 06:54 PM
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#2
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Senior Member
1,602 posts Joined: Jun 2010 From: Malaysia |
QUOTE(Pink Spider @ Jan 15 2016, 05:15 PM) case 1: lets say u bought stock XXX at beginning of a rally at price RM1, u think price has topped at RM2 after few days and quit so u took profit.case 2: u keep holding XXX until it make higher highs and until end of rally. u sold at RM10. u didnt sold at rm2, 3, 4 because u think you would lose the "low entry cost". for example is supermx/topglov recently. i could made 400% profit already but i quit too early. then i reenter, reexit, again and again making my short term profit smaller than holding since beginning. |
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Jan 16 2016, 10:45 AM
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#3
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Senior Member
1,602 posts Joined: Jun 2010 From: Malaysia |
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Jan 16 2016, 10:50 AM
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#4
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1,602 posts Joined: Jun 2010 From: Malaysia |
BTW be careful on china later if anyone shorting, my analysts warned they might have some stimulus, rate cut, rrr reduction in hand later
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Jan 28 2016, 09:54 AM
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#5
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Senior Member
1,602 posts Joined: Jun 2010 From: Malaysia |
Any trading ideas? So boring. I can't live without a trade a day
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Sep 10 2016, 04:56 PM
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#6
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Senior Member
1,602 posts Joined: Jun 2010 From: Malaysia |
QUOTE(joyceliew86 @ Sep 9 2016, 06:42 PM) Get a good broker. Personally I'm using Fxcm for 2 years already and happy. Opening account is simple, put like $50 then trade live. People say it's dangerous, it's only because u can leverage very high, so only buy small amount. Learn how to manage your leverage, you'll survive for many more trades. Stocks here only 3x leverage, in fx u can go until 1000x lol. As the cliché goes, go to babypips.com to learn basics. No need an investment banker to explain. |
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