Lady Luck took pity on me again. My huge gamble in Hextar is paying off. Yesterday I sai lang Hextar in tranches until it was about 50% of my portfolio.

At lunch time, it rebounded +10%. My unrealised profit is about +6.38%. I sold off 2/3 of my Hextar shares before lunch at RM1.210. Still holding the balance Hextar shares.

The unrealised profit managed to cover a substantial part of my losses yesterday. May the good luck for Hextar continues after lunch today and tomorrow.

such as?

if today close below rm5.44

4.4 and 3.7 is waiting for you

dont catch a falling knife bro on glove stock

its downtrend, if i were you i wont average down. id cut loss and jump to other potential counter.

don't average down already man. just decide when to cut losss

looks like we all have learnt trend is as crucial as fundamental, the hard way, didn't we?

somehow, i believe trend is more important lol..

i've been in your situation before. holding careplus @ RM5.4 and finally decide to sell @ RM3.2 before rebounding back to RM3.9 the next day.

What u can do is to partial let go your positions. batch by batch.

theres always next time..next trade.. next opportunity..

I have no advice for you, but I only can say, I'm with you in the same boat.   I'm suffering losses with TG & Harta now, and almost caught another knife in Comfort. (thanks to @skty, I was spared  )

I feel sorry for those at penthouse level.    I sincerely hope their finances won't hurt too much.

No choice. I learned my lesson the hard way a few years ago when I was planning to invest in stocks for the long term.

Now I believe in capital preservation and living to fight another day! 

I am sorry to hear about your unrealised loss in Supermax.

If you are using Rakuten, you can sell in different batches on the same day. Rakuten will average out the selling price. All the transactions will be consolidated and you will only pay once for the trading fees, stamp duties, etc. for transactions for the same stock done on the same day.

I invest using the Bank platform where I am currently employed, as I enjoy staff benefits and sales charge waivers. If I were not attached to a bank, I would probably consider FSM.
Also am trying out robos like Stashaway, which is quite good and should fit newbies with the lower fee structure. Been tracking the returns on a 36% risk portfolio and it has been positive so far.

Us financial professionals might have reason to think that we may be better equipped to self manage though that can work against us if we don't have our own self-monitoring checks.
Even if we earn, is it the best possible return for us considering our options? That is why annually I do a performance check between my own stock portfolio and the funds I am invested in. Money goes to the better performer.

The key here is picking the right funds, which is like picking the right stocks. It can be too easy to just pick a fund without proper homework. And then monitor the performance from time to time. That is why many ended up with bad funds. Myself included when I first started. As an example last year my Tech fund did 40% while the China fund did 30%, both handily beat my own performance in Bursa. I think it should be the same story this year, with other markets having better potential than Bursa overall.

honestly if i were you, i probably wouldn't be averaging down now.
i think i also mention before that don't fight the mega trend.
if i were to average down, is prolly when it is really down, but the million dollar question is, how low is low?
be ready to hold this for a long time if you decide not to cut loss but average it down further.

My hard lesson in investment. I posted it here before in March 2020 and some of the forumers here laughed their head off. But it's OK. I got no ego issue. 

To re-cap. Sometime in April 2017, I had a hot run in Bursa. Gold finger. Nearly every single stock that I bought went up. By October 2017, my unrealised profit was about RM110K. Not including dividend payment of about RM14K for the year.

Usual story. I got cocky. Nothing can go wrong. No cut loss policy. Even when the TA and FA turned sour.

Fast forward. By 2019, loss of about RM190K. Overall portfolio down by -50%.

Moral of the story. Please learn from my mistakes.

Decide early.

1. Are you a trader or a long term investor?
2. To average down or to cut loss when the stock is down -10%?
3. Do you have an entry and exit plan?
4. Diversify across different sectors if possible.
5. For investors, what is your definition of long term? Anything less than 1 to 2 years is only short term.

P/S:  Paper trading or doing things in theory is very different from practice. Read more investment books and trading books. Do not trade stocks with money that you cannot afford to lose. It is a one way road to Holland.

My 2 cents...

hello.

I saw urgency on your post so I will like to prioritize reply to you first just hoping to help you make a more rational and informed decision instead of a pressured/panic decision.

Pls check your inbox.

My expectation is double digits annually, so if it clears 10% I'm good with it.
Here is the 2020 returns (I"m on the 36% risk index) : https://www.stashaway.my/r/our-returns-2020

Keep an eye on management and sales fees, these can seriously eat into potential profits.
On your SPMX losses, many years from now when you're in retirement and looking back at your life, I don't think the deep red losses will change your life that much.
In fact, you may be able to laugh at it and have learnt a thing or two about your own investing style.

I'm happy to see you getting thoughts from skty on thinking through how to handle your position. Leveraging on the wisdom of others is the way to go when things start to go sideways and you need a second pair of eyes.

apparently this is the reason for the drop.

https://www.straitstimes.com/business/compa...amp-duty-report

Glove stocks in deep red

Esceram down -13%, Ruberex -9%, Supermax -7%, Top Glove -7% etc.

Time for my kamikaze mission? Vanguard sledgehammer move? 😅

Where are the "diamond hands" of glove stocks? Despite being prepared to hold long term, my hands have become "trembling hands". Gotta say, I regretted a bit buying a bit of TG at RM5.23 today. 

From TG Telegram grp, looks like some have cut loss. I think most of TG shareholders already have a lot of TG & collected enough, waiting to sell now. No one wants to collect anymore.

As I mentioned before, the recoveries are now the new darlings. Tech stocks too, esp Inari, Vitrox, after posting excellent results.

30cent div = 42.86 EPS

I think they should do better than spmx.
:thumbsup:

there is FF buying gloves.

and EPF has been buying, now at close to 6% again for TG and harta.

the furious sellers are local IB's like maybank, maybe for their multiple call warrants expiring tmr.

there are more in march, may, june.... but these are pretty much out of the money now.

I know...reinforcements have arrived for Comfort and Careplus...

The marines are here! 

Anyone holding jftech? Is it wise to average..i m at 1.785

I cut loss on JFTech already.

Please proceed with caution. This stock is very volatile. The valuation is not attractive. You are averaging down at your own risk.

At the end of the day, it is your money and your call.

Everyone has different views. I could be wrong.

Im already cabut at 1.49 today 

If you are holding on longer term...buy all mean just go buy

wa... today no counter to play. 

my homework done yesterday all no momentum. Can throw away the homework already. 

I agree with the bolded part. Bursa is really not attractive in this current political and economic climate.

I do have global exposure via FSM One Malaysia, PRS and Stashaway. In the long run, they have been outperforming my individual Bursa stocks performance with less time and effort.

Trading or investing in Bursa now for me has become a hobby. If I have to rely on Bursa stocks alone for my retirement fund, I think I die liao. 

Edited : I think I have seen you in the Low Yat stock forum for years. Cannot be that you are just starting now. Unless you are referring to just starting to buy US stocks.

Still can start now uncle, not too late and it's a good timing, since the US market is slowly correcting. 

Sis may I know if you are a trader or investor? Selling solely because share price dropping when fundamentals remain intact may be one of the most expensive lessons to be learnt, especially if you’re in for the long haul and you’re not investing with money you’ll need to use soon. I understand it’s futile to say all these since you’ve cut loss, just thought it would be helpful to ask yourself the role you play in stock investing and how long do you plan on giving for the business to blossom,so to speak.

Jia you! You’re not alone in this journey.

Investing is about fundamental.
But entry point also important.

Glove stocks generally has good fundamental even pre-covid, but the problem was share price already up 500%, 700% at the high time, and those low PE is because extra-ordinary profit which unlikely to be recurring when pandemic subsides.

Look at HYuan latest QR profit, its QR PE is even lower than some gloves.