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 Investors Club V9, Previously known as Traders Kopitiam

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old_and_slow
post Jan 14 2016, 09:59 PM

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Theres a famous saying in one of my 'trading bible'
Take profit halfway or lose the early position along with the direction.
old_and_slow
post Jan 15 2016, 06:54 PM

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QUOTE(Pink Spider @ Jan 15 2016, 05:15 PM)
Clarify that part? notworthy.gif
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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.
old_and_slow
post Jan 16 2016, 10:45 AM

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QUOTE(Pink Spider @ Jan 16 2016, 09:55 AM)
I get u...

So u are for or against taking profit? rclxub.gif
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lol its ok, anybody has many plans so this one is mine laugh.gif

old_and_slow
post Jan 16 2016, 10:50 AM

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BTW be careful on china later if anyone shorting, my analysts warned they might have some stimulus, rate cut, rrr reduction in hand later
old_and_slow
post Jan 28 2016, 09:54 AM

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Any trading ideas? So boring. I can't live without a trade a day
old_and_slow
post Sep 10 2016, 04:56 PM

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QUOTE(joyceliew86 @ Sep 9 2016, 06:42 PM)
I am very interested on forex, but dont know how to start it.
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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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