Really! 40 B on Tesla  

gandalf represents the retailers.

while gandalf the grey fell with balrog down the abyss, imprisoned by saruman in isengard, he eventually use a moth to call on the great eagle for rescue.

gandalf the white will emerge soon.

I know Gandalf will be back, waiting for Light the Beacons earlier.!!!

but really, -40B..can one stomach?

I have read Michael Covel’s books on Trend Trading. It contains a lot of Zen like saying. Very philosophical. Nothing wrong with that but someone might ask ‘But where are the trading techniques ???”

Maybe for an alternative book, you can try “The Ultimate Day Trader” by Jacob Bernstein.

No right or wrong answer. Different investors/traders have different styles. 

Some like to drive a sports car at 180 km per hour to reach the destination faster. But sometimes the driving skill is not good enough. Crashed and burned.

Some prefer to take the train to reach the same destination. Slow and steady but safer.

that 40b is too much la... but it happens.
Rohirrim!!

glad to see someone understand why the hell I bought glove and I am happier if its price continue to drop after I buy 

1) before you buy a stock, find out what you wanna do with it.
2) a stock that is good for investing, can suddenly become good for trading and/or speculating.
3) but a stock that is not good for investing, can never be treated as investment. Once a while good for trading and/or speculating.
4) many talk easily about investing, ohh.. just buy and hold. The problem lies within many is, do they know what it takes to be an investor.
5) the success of investing is depends on the investor, not the stock.

I was once a person grown up in a ordinary environment and so have an ordinary mindset. I was once having sleepless nights when my portfolio is in red.

It's never easy to go through that barrier and go to another level. This can be speed up if you get yourself a good mentor.

good luck. You are in the correct direction that suit you. 

I will take a stab at this. I will try give as honest an answer as I can, good to let lessons air and keep the internal ego in check.

It is very important for me to have my portfolio in the green at any given moment. I was not the person I thought I was. Rock steady and unwavering in my strategy, even in the face of overwhelming risk. Sitting in the red and risking a further slump gives me a little anxiety I can do without and it can affect my focus in my day job. The pre-frontal cortex can try override all it wants, but when your amygdala is triggered there is little you can do to manage it.

I am in banking, and like you I cannot afford to monitor the market full time. Cannot measure up to full time traders, so the strategy is FA only.
Being FA only then brings us to the strategy and why I would like to be in the green at any point in time.

Being FA, we measure the intrinsic value of a given stock. We the formulate an entry price point with a margin of safety. And we buy if the price hits our entry point. Then what?

If the price dithers around the entry price for a while, or even drops a little, I am usually fine with it. But what if it continues to drop and sits deep red without a recovery in sight? That is worrying as an investor even if we take emotion out of it. Because it says that our entry point calculation is incorrect. And if our entry point calculation is incorrect, could our value calculation be incorrect as well? This is when I usually go back to the storyboard to see if the company and the market sentiment is still what it is. If it is not, I would admit I made a mistake and cut my losses. If I think the core story is still intact and it is a temporary event that is causing the bleeding, then I would maintain it. All said, I have a bottom cutloss point for every company I invest in. I am not the HODL type, nor the value investor that ignores the prices for years. It's hard to eat a loss and take money off the table. It's always that internal battle between ego and finances. Unfortunately for me, I found out that my ego is more expensive to maintain than a mistress. I try to do better now.

Hope this helps.

just for you!
https://mega.nz/file/pB1UgDyZ#7FdGSYvN-UrsS...bxWAUZWRTL3mybI

u or anyone interested in glove shorts may want to read this:
https://klse.i3investor.com/blogs/bursainve...ime_to_Time.jsp
you shall not pass.
https://www.youtube.com/watch/mJZZNHekEQw

Yup, it's our job to catch a falling knife of a stock which we have conviction in, though there's nothing wrong if one opts to buy in after consolidation.

I guess when we all just got started, it was only normal to be frightened seeing our portfolio in red.

The 0.01+- bid fluctuation in seconds that stirs the waves of complexed emotions in us can be so addicting to stare at haha..

However we just got numb to it over time..

Your view on "just buy and hold" hits close to home, it's much easier said than done.

In fact, the question of whether stocks should be held on forever (in the context of unchanged fundamentals) still bother me, let the winners run as they say.

It's tough to swallow when a stock that you bought in and waited for months until it finally turns green, and you think: "this company has good fundamentals, so I'll continue holding", only to see it plummeting over the course of days and seeing your gains wiped off just like that.

Having experienced that, the next time your stock starts turning green, it's really hard to keep the money on the table. Ironically, those counters in red you'll tell yourself nvm I'm a long term investor and refuse to sell even when the company fundamental has changed. That's akin to "cutting the flowers and watering the weeds",quoting from Peter Lynch.

For me i mostly buy based on FA. So i can frankly tell you whenever i bought mostly it will be red for awhile as sometime technically the stock downtrend still persist.

Short term red is ok for me, for i always try to to spot value before the market does and go in sometime before the company start showing their worth. Particularly i always go in when there is some crisis or the company is performing at it worse period, not stock price but actual financial performance is bad.

But there are cases whereby im wrong and my stock pick thesis is wrong, eg i bought IBM in 2017 for their blockchain and quantum pioneer work, but that stock has not been performing and market did not reflect that even after 2 years, and i need to cut it. Not much losses but wasted capital i could have put into microsoft instead. That time i was considering this two and i choose IBM.

I think for people that buy in FA is that the story for the future of your stock you had in your mind must align with reality. If the story does not align you need to start question yourself and accept reality, dont come up with bullshit theory to justify that you are right and keep on being stubborn.

I usually hold a stock min 6 month to a year to ensure what i had in mind tally with market or not. If after 1 year and the stock price still not performing you really need to question are you right or market is right.

Thanks for sharing your experience bro. I see some resemblance in our investment strategy. Like you, I buy stocks when they are red, preferably those that have been red for week(s) without reason but when you check their financials their earnings have been increasing over the years and they check all the usual metrics of valuation..

I have to emphasise though, before going into that I'll first check their 10 years share price chart. It helps me to quickly filter out those fundamentally weak companies.

I mean..a strong earning company can't have its share price be in downtrend for 5..10..years..if the share price is down for so many years, there's probably something fundamentally very wrong with this company..   

From fundamental investor pov, if we want to outperform the herd, we NEED to do the opposite of what the herd does, it's where the opportunity lies. We always hear this, but I'm aware that the execution part of wayyyy harder than one thought, I'm guilty of it myself. Take the glove situation for example, how many people had the guts to buy on last Monday 4/1/2021 when they were so heavily shorted? It takes alooot of courage and conviction to swim against the current.

Many people who've jumped onto the bandwagon had they known on Friday their share price would strongly rebound. Owh well, here we go again..hindsight is always 20/20.

*add on: @skty , that's actually my reply to you too! hahaha    . Anyway to answer your question, I think la..It's rather impossible "to not repeat the mistake again", because fear will always be the limiting factor when a stock is so strongly frowned upon. I almost "cut-loss" when spmax gap down on Monday    *

Thanks for sharing your experience bro. I see some resemblance in our investment strategy. Like you, I buy stocks when they are red, preferably those that have been red for week(s) without reason but when you check their financials their earnings have been increasing over the years and they check all the usual metrics of valuation..

I have to emphasise though, before going into that I'll first check their 10 years share price chart. It helps me to quickly filter out those fundamentally weak companies.

I mean..a strong earning company can't have its share price be in downtrend for 5..10..years..if the share price is down for so many years, there's probably something fundamentally very wrong with this company..   

From fundamental investor pov, if we want to outperform the herd, we NEED to do the opposite of what the herd does, it's where the opportunity lies. We always hear this, but I'm aware that the execution part of wayyyy harder than one thought, I'm guilty of it myself. Take the glove situation for example, how many people had the guts to buy on last Monday 4/1/2021 when they were so heavily shorted? It takes alooot of courage and conviction to swim against the current.

Many people who've jumped onto the bandwagon had they known on Friday their share price would strongly rebound. Owh well, here we go again..hindsight is always 20/20.

*add on: @skty , that's actually my reply to you too! hahaha    . Anyway to answer your question, I think la..It's rather impossible "to not repeat the mistake again", because fear will always be the limiting factor when a stock is so strongly frowned upon. I almost "cut-loss" when spmax gap down on Monday    *

just for you!
https://mega.nz/file/pB1UgDyZ#7FdGSYvN-UrsS...bxWAUZWRTL3mybI

u or anyone interested in glove shorts may want to read this:
https://klse.i3investor.com/blogs/bursainve...ime_to_Time.jsp
you shall not pass.
https://www.youtube.com/watch/mJZZNHekEQw

Yup, it's our job to catch a falling knife of a stock which we have conviction in, though there's nothing wrong if one opts to buy in after consolidation.

I guess when we all just got started, it was only normal to be frightened seeing our portfolio in red.

The 0.01+- bid fluctuation in seconds that stirs the waves of complexed emotions in us can be so addicting to stare at haha..

However we just got numb to it over time..

Your view on "just buy and hold" hits close to home, it's much easier said than done.

In fact, the question of whether stocks should be held on forever (in the context of unchanged fundamentals) still bother me, let the winners run as they say.

It's tough to swallow when a stock that you bought in and waited for months until it finally turns green, and you think: "this company has good fundamentals, so I'll continue holding", only to see it plummeting over the course of days and seeing your gains wiped off just like that.

Having experienced that, the next time your stock starts turning green, it's really hard to keep the money on the table. Ironically, those counters in red you'll tell yourself nvm I'm a long term investor and refuse to sell even when the company fundamental has changed. That's akin to "cutting the flowers and watering the weeds",quoting from Peter Lynch.

Definitely possible to have made mistakes for reasons you mentioned..

What would I do..? Does it matter ah? Hahaha..

Ok la..

1.) sell.
2.) depends on what is the stock, I have the weakness of “falling in love” with a stock. So I have tendency to hold onto a stock just because I love the company for whatever reason (think management) even if I later found out I might have bought it at a relatively high multiple. Ended up paying the price of waiting for longer periods until the share price eventually reach the multiple I paid for.
3.) depends on what company again, if it is net cash with good management, proven track record, can sit through the rough patch with them if got holding power.

Traders would’ve left long time ago..

I’d like to call myself an investor for two reasons..

A) I can’t imagine myself trading having to compete with people like you who can draw nice lines and have the discipline to do simulation/notes (and by the way happens to trade for a living haha! )

B) No time to closely monitor the market haha..my patients deserve full attention 

glad to see someone understand why the hell I bought glove and I am happier if its price continue to drop after I buy  :thumbsup:

1) before you buy a stock, find out what you wanna do with it.
2) a stock that is good for investing, can suddenly become good for trading and/or speculating.
3) but a stock that is not good for investing, can never be treated as investment. Once a while good for trading and/or speculating.
4) many talk easily about investing, ohh.. just buy and hold. The problem lies within many is, do they know what it takes to be an investor.
5) the success of investing is depends on the investor, not the stock.

I was once a person grown up in a ordinary environment and so have an ordinary mindset. I was once having sleepless nights when my portfolio is in red.

It's never easy to go through that barrier and go to another level. This can be speed up if you get yourself a good mentor.

good luck. You are in the correct direction that suit you.  :thumbsup:

I have read Michael Covel’s books on Trend Trading. It contains a lot of Zen like saying. Very philosophical. Nothing wrong with that but someone might ask ‘But where are the trading techniques ???”

Maybe for an alternative book, you can try “The Ultimate Day Trader” by Jacob Bernstein.

No right or wrong answer. Different investors/traders have different styles. 

Some like to drive a sports car at 180 km per hour to reach the destination faster. But sometimes the driving skill is not good enough. Crashed and burned.

Some prefer to take the train to reach the same destination. Slow and steady but safer.

Thanks for sharing your experience bro. I see some resemblance in our investment strategy. Like you, I buy stocks when they are red, preferably those that have been red for week(s) without reason but when you check their financials their earnings have been increasing over the years and they check all the usual metrics of valuation..

I have to emphasise though, before going into that I'll first check their 10 years share price chart. It helps me to quickly filter out those fundamentally weak companies.

I mean..a strong earning company can't have its share price be in downtrend for 5..10..years..if the share price is down for so many years, there's probably something fundamentally very wrong with this company..   

From fundamental investor pov, if we want to outperform the herd, we NEED to do the opposite of what the herd does, it's where the opportunity lies. We always hear this, but I'm aware that the execution part of wayyyy harder than one thought, I'm guilty of it myself. Take the glove situation for example, how many people had the guts to buy on last Monday 4/1/2021 when they were so heavily shorted? It takes alooot of courage and conviction to swim against the current.

Many people who've jumped onto the bandwagon had they known on Friday their share price would strongly rebound. Owh well, here we go again..hindsight is always 20/20.

*add on: @skty , that's actually my reply to you too! hahaha    . Anyway to answer your question, I think la..It's rather impossible "to not repeat the mistake again", because fear will always be the limiting factor when a stock is so strongly frowned upon. I almost "cut-loss" when spmax gap down on Monday    *

Let me tag this fella prophetjul....

When you are “buying low”, there never the concept of stop loss carry with them. As far I know most what FA camp. 
DCA strategy will be the atypical FA investor.

What happened with most FA vs TA, FA sometime can picked the wrong stock at right time OR right stock at wrong time and continue the HoDL religion without knowing where they are and how long praying for gains.

That can be very damaging staying on With one camp.

Correct me

You start seeing stock graphs and buy/sell queues on your ceiling yet?

talking about 4 Jan... 

I felt very painful when I see the data at night after I came back from hometown. Instead of putting in the quota of 5.75+5.25 into 5.25 queue, I queue using only the fund allocated for 5.75. This has cost me an opportunity to get into a much better position for myself.

After that, I never utilize a part of the fund allocated for 5.25 to buy at 5.75. Not discipline at all!

I can never get rid of all these kind of silliness.