Good morning folks.

Kentrade is fine. Rakuten is up and running periodically.

All 4 big glove stocks down. Harta was down -4% at some point. Now Harta is about -2.8%.

What goes up must come down.

I heard it was an exciting day but I missed all the fun because of meetings.

Supermax should be renamed Superman. Up +15.93% and still not bursting.

Harta's latest QR has been released today. YoY +134% but the stock closed with -2.73%.

For me, I am still holding Inari. To sell soon? Unrealised profit at +25.52%. Target price at RM2.50.

Actually, what is XOX stock and what is its potential? I have seen it been lobbied around in this forum.

I did a 2 second search. This is what I found.

Valuation is 0/3.
Fundamental is 0.95/3.

Net loss YoY is -1211%.

OK. I am sorry to say that this goreng stock is too powerful. I don't dare to touch it.

Here you go bro.

YTL Power.

Valuation 2/3
Fundamental 0.85/3

Good morning folks.

I just sold off Inari for a healthy profit. Should have sold off yesterday evening but we can't have everything in life.

Poh Kong up +18% plus today. WTH. I just sold it off the other day for a very small profit. Mr. Market is so unpredictable.

What stocks to trade now? Holding 100% cash. Itchy finger.

Good morning folks.

Another boring day at the stock market. Itchy hand syndrome since I am holding 100% cash.

I decided to buy the following "boring" stocks.

1. Harta
2. F&N
3. Tenaga
4. YTL Reit

Zzzz

Is it? I didn't know EPF was buying. I tikam only.

Tenaga is perceived to be a boring counter which pays a good dividend.

You won't get a heart attack holding it. But neither will there be any spectacular returns like the glove stocks.

Thanks for the tipsy. I will have a look at it.

I missed all the excitement today due to work.

How did the stocks perform today? I only know that Harta was down 3%. Everyone surviving?

To draw an analogy from Peter Lynch...

We will spend hours or days doing research when we want to buy a new handphone, laptop or tv. Would we decide in a few minutes to buy a new expensive laptop without doing any proper research? I don’t think so.

But then why do we spend thousands of ringgit to buy a share without knowing anything about the company. Sometimes we don’t even know what business the company is running or whether it is profitable or not.

When we buy a share without doing any research at all, then it is just pure gambling. It is like going to Genting playing blackjack or baccarat. When we lose, we don’t question why we got a small value card and not a ten. That is just the random way the dealer deals us a card.

So, when we goreng a stock with zero valuation, there is no logical reason when it limit up or limit down. It is just a case of more buyers than sellers ala Tulip mania. Just make sure we don’t end up holding the Tulip when the price crash.

I am just blowing water after a long day at work.

A simple rule of thumb according to the books..

1. For traders/speculators buying goreng stocks with weak valuation or fundamental, have a cut loss policy, whether it is 10% or 15%, etc.

Do NOT catch a falling knife by buying more shares. Preserve your capital by cashing out and live to fight another day.

2. For true investors, look at the valuation and fundamental of the company. If nothing has changed and the price dropped, we can consider averaging down by buying more of the stocks.

My 2 cents...

Thanks for the head up. I just managed to login in Rakuten to pay for my outstanding shares. 3 shares in green and 1 share in red - Harta. Overall portfolio is red. 😅

Since there are many traders here, just for sharing...



Jesse Livermore's 21 Trading Rules

1.Nothing new ever occurs in the business of speculating or investing in securities and commodities.
2.Money cannot consistently be made trading every day or every week during the year.
3.Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.
4.Markets are never wrong – opinions often are.
5.The real money made in speculating has been in commitments showing in profit right from the start.
6.As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
7.One should never permit speculative ventures to run into investments.
8.The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
9.Never buy a stock because it has had a big decline from its previous high.
10.Never sell a stock because it seems high-priced.
11.I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.
12.Never average losses.
13.The human side of every person is the greatest enemy of the average investor or speculator.
14.Wishful thinking must be banished.
15.Big movements take time to develop.
16.It is not good to be too curious about all the reasons behind price movements.
17.It is much easier to watch a few than many.
18.If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.
19.The leaders of today may not be the leaders of two years from now.
20.Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
21.Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.


This post has been edited by Vanguard 2015: Aug 9 2020, 11:52 AM

I know that anything I say here will probably fall on deaf ears. But no harm in trying.

Please only goreng stocks with money that you can afford to lose 100%. From the postings here over the past few days, a lot of the forumers here will be slaughtered for following the herd and chasing hot stocks with no fundamental.

If you are playing with just ‘fun’ money of a few thousand RM or even RM10K depending on the size of your overall portfolio, then please go ahead and enjoy the roller coaster ride.

But if you are trading with your life savings, borrowed money, margin account or using money that you cannot afford to lose, then please STOP playing now. Sooner or later, we will lose the Russian roulette. Six gun chambers, one bullet. How many times can we pull the trigger and walk away unscathed?

I bought some glove stocks counter this morning for trading.

My Harta is bleeding. Holding on.

YTL REIT is performing nicely.

(Deleted. Double post).

This post has been edited by Vanguard 2015: Aug 12 2020, 10:08 AM

Noted. I will continue to monitor it.

Thanks bro. I am treading carefully and looking out for landmines.

Free fall for the glove counters.

I am going in all out on a suicide mission.

Thanks bro. I will.

Thanks for the heads up!

I am buying slowly across the board for different stocks.