QUOTE(Vanguard 2015 @ Aug 18 2020, 11:35 AM)
Such is human nature.
When I want to sell you an Iphone 11 Pro Max at a discounted price of RM2000, you said it is too cheap and it must bad quality. You don't want to buy it. But when I offer you the same Iphone 11 one week later for RM10K, you said it must be good quality since it is so expensive. You rush to buy it.
In the same way, many traders and investors lose money. The only parties who make a profit is Bursa Malaysia and the brokerage firms.
If we cannot break this mind set and vicious cycle, it is difficult for us to make money.
this won't happen because people easily get to know the RSP of iphone 11 pro max. They will just compare the price of RSP and if its more than RSP, they won't buy it When I want to sell you an Iphone 11 Pro Max at a discounted price of RM2000, you said it is too cheap and it must bad quality. You don't want to buy it. But when I offer you the same Iphone 11 one week later for RM10K, you said it must be good quality since it is so expensive. You rush to buy it.
In the same way, many traders and investors lose money. The only parties who make a profit is Bursa Malaysia and the brokerage firms.
If we cannot break this mind set and vicious cycle, it is difficult for us to make money.
you forgot the story of people doing more homework when they buy iphone than when they buy shares?
This post has been edited by skty: Aug 18 2020, 12:30 PM
Aug 18 2020, 12:24 PM

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