admit your own mistake and don't avoid to confront the problem

that myvi can be easily earn back if you treat it as paper loss and switch to uptrend counter.

bank might be another sunset industry looking at whether the revolution will be successful in US.

don't ever ever follow anybody to buy stock. He/she will bring you go Holland, no matter he/she is the mighty Warren Buffett or whoever.

below bolded words say it all.

but if your own study and research say bank is still worth holding, then by all means hold it. You have justified the holding is worth the wait. But don't ever say because Warren Buffett buy bank so bank still good. That's not the way of investing.

Warren Buffett f**ked up when he bought airline shares, and I know a lot of people follow suit to buy AirAsia.

well said. That's the reason why I cannot understand why one's will want to invest in unit trust. They die also don't know what's went wrong. Forever will never improve because they don't even know why they lose money.

well said. We can never be successful if we follow market consensus. We have to beat market consensus and at the same time be open minded and not be arrogant to always think ourselves are always correct. Both are very conflicting with each other and is not easy to achieve.

Be humble and don’t stop learning. Cheers!

those fund managers are using our money to learn from mistake.

just becareful of the coming US election.

have to be carefully aware of the MP3, where to money flow to.

congrats on your earning btw.

TG and spmx might have another chance to buy at dip when Kossan release result

next week lor.

never announce date but must release by end of August.

So next week is the last week of August

Hopefully today got chance to use my this week buy quota.

few counters under my shopping list all price hike. wtf!

business fundamental changed already, still thinking like 10 years ago eh?

Have to know the majority of customer of GENM is from where.

And then check the spreading of customers due to competition from other countries, which didn’t exist 10 years ago.

They are trying to explore into e-casino, hopefully they can be successful. If not, they will be dragged further down in the pecking order.

There is also a potential risk that Malaysia might turn into a strict Islamic country, that all those gambling businesses are forbidden. This chance of happening is very low though.

This post has been edited by skty: Aug 21 2020, 05:47 PM

more and more retailers chase in to glove counters.

pls do another wash out soon. hahahaha

wa... why you so negative one... lose money is a good thing.

it's better for the newbie to lose money at the early stage rather than at the late stage.

oh... there will always be wave... that's why hold tight tight is not the highest level of investing... haha

don't worry. retailer won't stop buying. when they see everyone around them earn money, they jump in as well.

it's the same as majority won't stop selling their time for money, because they think its the safest thing to do.

mindset hard to change.

let's see what happen when Kossan QR out. Prepare bullet for 24 hours flash sales, if there is any?

Those who have calculated, the profit is very "nice", right?

my sincere advise is don't put in huge money in your early stage of investment.

you are guaranteed to lose money at that period so invest small and take experience.

knowledge the most is 20%, 80% is depends your own mindset and behavior.

for example, there are reason why some buy glove stocks earn money but some buy the same glove stocks lose money.

all the best.

agree agree. couldn't agree more.

people who buy into bank now is playing with time bomb.

i really failed to understand their investment strategies, always invest with huge opportunity cost.

fundamental is very important but many people select stock without fulfill the first three criteria, straight away jump into fundamental analysis. Result is they have to pay huge opportunity cost for this behavior.

unless you have huge huge money that you have no choice to diversify into few industries because your every buy/sell in full force will cause limit up or limit down

This post has been edited by skty: Aug 23 2020, 11:22 AM

economy collapse will eventually happen in every cycle of economic, that's how economic works, when credit is so high multiple times of cash. Its a matter of time only.

when depression kicks in, the past norm will be replaced with the new norm.

so make sure you are at the new norm side when the time comes.

Kossan coming QR PAT min 120mil and max 150mil

so far Harta 200mil and spmx 400mil result quite near to my calculation.

let's see how's near with Kossan and TG result.

not many retailers who bought TG and spmx know what's the next PAT and TP.

so I am hoping Kossan lower than market expectation result will flush out weak holders on TG/spmx.

then I can do some 24 hours flash sales shopping. my this week quota have no chance to use since Tuesday.

we will never know but opportunity is only for those who are ready.

I will never chase high even though my TP is high because same thing, we will never know what will happen tomorrow.

Value investing emphasize on margin of safety, which I adhere to it strictly.

But many misinterpret it to be below NTA/PB then only got margin of safety. That's why they say burble already burst during last round of dipping.

And due to human behavior nature of fear and greedy, majority will chase high and sell low. Due to greedy when market is rebound or fear when market is correcting. They don't know the value of the company, blindly operating based on price.

This is very obvious when many say after split the price will surge. The bonus issue will never affect the PAT, why TP will surge? I failed to understand from FA point of view but I can understand from human fear and greed point of view.

So when people buy, I sell. When people sell, I buy.

we will never know. it might be and i hope you are right so we can both benefit from it.

margin of safety is different for everyone.

some need 50% from the TP only will feel safe, some need 50% from the average past 12 months, some only need 20%, 30% or 3 months, 6 months, 24 months, 60 months. It's based on your own risk tolerance.

some will based on historical high, where they study the history of event which causes it, and forecast if similar event happen again in the future.

and for some, margin of safety will not solely based on price, they will use diversification, hedging, low correlation index, commodities, bonds, forex exchange, cycle analysis, etc etc as more advanced way of gaining margin of safety from their investment. For retail investor, it's hard to gain access to those information, therefore not realistic to try to reach this level.

margin of safety is depends how confidence you are with your own forecast. The shorter period of forecast, normally margin of safety doesn't need to be a lot. If for example, you forecast a TP in the next 10 years, then a bit of calculation/assumption/hypothesis error will cause huge variance on your forecast, so your margin of safety need to be higher.

generally speaking, normally forecast a growth company need higher margin of safety. Invest in a so-called blue chip company don't need huge margin of safety because you have 5/10 years of past records as reference.