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 STOCK MARKET DISCUSSION V150

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skty
post Jan 10 2021, 12:06 PM

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QUOTE(Duckies @ Jan 10 2021, 11:54 AM)
Great sharing from everyone here especially on the emotions part. I myself is not good at controlling my own emotion. I believe I am a long term investor on FA but when I see the counter that I am inside is dropping it makes me anxious. It makes me doubt my choices and analysis.

I am still learning to control my emotions and block all the noises. Also trying to not check it too often as seeing it goes up and down affects me as well.

One example is INARI I got into recently. I got into it when it broke over resistance at 2.7 but recently it drops a bit lower at 2.62. It didn't drop much but it makes me doubt my choices despite I did my homework. Should I waited then and get it lower? But all the signs were there, it broke over resistance so given another chance would I wait or I'll still made the same decision? Did I do my homework incorrectly? Did I miss out something?

Another tough thing to control is those tips/news/influences. Many friends or Whatsapp groups share different counters which says "rocket" up. This FOMO feeling always put me in a dilemma situation. What if I didn't ride the boat and miss the ride? That's an easy profit. Oh no but I am a long term FA investor, I shouldn't do this kind of trading. Oh no but it's an easy profit. How? How??

Then the devil in my mind speaks to me. Now is a good period to earn from stock market, why put few months to earn less when you can go into those "rocket" counters and earn more and earn faster? The angel says these "rocket" counters are risky and most people would lost their money. Earn less rather than lose money. Tsk tsk tsk. How? How??

I guess that's part of the game. I do fake trading some times like picking a good counter and look at the TA. Then I pretend if I am getting into it and then come back and see the price later to see if I am making the correct decision.
*
what you say doesn't tally. You are not behaving like an investor.

also, from what you said, you have misconception of investor is the one picking stock based on FA. If you do that, you are an investor. Not quite so.

no right or wrong if that style suit you.

anyway, good luck on your Inari!
Duckies
post Jan 10 2021, 12:09 PM

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QUOTE(skty @ Jan 10 2021, 12:06 PM)
what you say doesn't tally. You are not behaving like an investor.

also, from what you said, you have misconception of investor is the one picking stock based on FA. If you do that, you are an investor. Not quite so.

no right or wrong if that style suit you.

anyway, good luck on your Inari!
*
Ah I see. I thought FA and TA would be a better choice to get into the counter. Or do you think otherwise?

Example I noticed INARI, did some homework and believe that the FA is good. Next I need to look for a good entry point. So when I saw it broke over resistance so I believe that's a good entry point.

So when I get into it, I'll come back few months later. At least that's what I thought I would do. From time to time I'll take a peek and when it drops, it stirs my heart. Although my brain says long term and FA but it makes me doubt my choices sad.gif

This post has been edited by Duckies: Jan 10 2021, 12:10 PM
Boon3
post Jan 10 2021, 12:15 PM

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QUOTE(Duckies @ Jan 10 2021, 11:54 AM)
Great sharing from everyone here especially on the emotions part. I myself is not good at controlling my own emotion. I believe I am a long term investor on FA but when I see the counter that I am inside is dropping it makes me anxious. It makes me doubt my choices and analysis.

I am still learning to control my emotions and block all the noises. Also trying to not check it too often as seeing it goes up and down affects me as well.

One example is INARI I got into recently. I got into it when it broke over resistance at 2.7 but recently it drops a bit lower at 2.62. It didn't drop much but it makes me doubt my choices despite I did my homework. Should I waited then and get it lower? But all the signs were there, it broke over resistance so given another chance would I wait or I'll still made the same decision? Did I do my homework incorrectly? Did I miss out something?

Another tough thing to control is those tips/news/influences. Many friends or Whatsapp groups share different counters which says "rocket" up. This FOMO feeling always put me in a dilemma situation. What if I didn't ride the boat and miss the ride? That's an easy profit. Oh no but I am a long term FA investor, I shouldn't do this kind of trading. Oh no but it's an easy profit. The feeling worsen when you see your friends gain an easy profit of 30, 50 or 100% on these "rocket" counters and you didn't ride on it. How? How??

Then the devil in my mind speaks to me. Now is a good period to earn from stock market, why put few months to earn less when you can go into those "rocket" counters and earn more and earn faster? The angel says these "rocket" counters are risky and most people would lost their money. Earn less rather than lose money. Tsk tsk tsk. How? How??

I guess that's part of the game. I do fake trading some times like picking a good counter and look at the TA. Then I pretend if I am getting into it and then come back and see the price later to see if I am making the correct decision.
*
Difficult to progress if you cannot get that FOMO monster out of you. wink.gif

On fake trading...there's so much you can do....

You need that 666 book. Write down the exact price you think the entry should be. Jot down why. Jot down how you will play it.

That's for starters.

From there.. you know roughly what style trading you are good at. Hopefully you discover your weak points too.

Then move on to the challenging part. The big test.

Prepare yourselves. Arm yourself with 100k of fakeness. Test it over a period but remember 100k is all you got. You lose it all, you failed. Challenge yourself. 6 months. 12 months. See your results...
AVFAN
post Jan 10 2021, 12:16 PM

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QUOTE(skty @ Jan 10 2021, 11:23 AM)
you can see it that way, or you can see it in another way.

trying to guess what the short seller do is hard. play along their game plan is easy.

good luck!  icon_rolleyes.gif
when I saw the JPMorgan report of 3.50, I have created a plan and allocate funds to buy all the way down to 3.50.

5.75, 5.25, 4.75, 4.25, 3.75 (based on my experience, don't think will hit 3.50 as normally they put in extra buffer lower/higher than the price indicated for them to short/long). Of course the funds allocated for 3.75 will be more than 4.25, 4.25 will be more than 4.75, if you can understand what I mean.

If I can my average to 4.50~5.00, I can close eyes and keep TG for at least 5 years. Double/triple return taking into account also the dividend.

Not discipline enough on the 5.75 & 5.25, now I wonder whether have any chance to grab again before the next mouth watering dividendshakehead.gif
*
yes, will surely play along, i look forward to dips! tongue.gif

there is unconfirmed report for fri 8 jan:

QUOTE
Foreign +RM435mn
Local institution -RM428mm,
Local retail -RM7.12mn.
figures the day before were +137, -98, +42.

for fri, we know the shorts are still incr, bursa top gainers were all gloves and not banks or telekom or tenaga.



Duckies
post Jan 10 2021, 12:18 PM

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QUOTE(Boon3 @ Jan 10 2021, 12:15 PM)
Difficult to progress if you cannot get that FOMO monster out of you. wink.gif

On fake trading...there's so much you can do....

You need that 666 book. Write down the exact price you think the entry should be. Jot down why. Jot down how you will play it.

That's for starters.

From there.. you know roughly what style trading you are good at. Hopefully you discover your weak points too.

Then move on to the challenging part. The big test.

Prepare yourselves. Arm yourself with 100k of fakeness. Test it over a period but remember 100k is all you got. You lose it all, you failed. Challenge yourself. 6 months. 12 months. See your results...
*
Yea that's the hard part. Getting ride of FOMO monster cry.gif Every now and then there's a lot of temptation and my inner FOMO monster will give me tons of "IF". If I ride on it, then I get an easy profit for a short time. But when I ride on it, instead of easy profit it's an easy loss cry.gif

I believe I prefer the long/mid term FA trading style. These frequent in/out and cut loss give me sleepless night.

However my inner FOMO monster proves me wrong. I am not a long/mid term FA investor when my FOMO takes over me cry.gif

I think it's a life long journey and mine just started. Will continue to learn from all of you here.
Vanguard 2015
post Jan 10 2021, 12:24 PM

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The curse of modern technology.

Too much noise whether in the public forums, online news, WhatsApp group, etc. As a result, the average retailer is overloaded with information until he can't filter them anymore and loses focus. rclxub.gif

The introduction of online trading also didn't help. With one click of the mouse, one can buy and sell any stocks. Temperament takes over.

What is the solution?

1. Have a game plan. Have a take profit and cut loss strategy.

2. Clear-thinking. Reading self-improvement and investment books can help.

3. Separate the wheat from the chaff. Look at what the company is doing and not what other people or Mr Market is telling us what the stock is doing. By "other people", this include the analysts, IB, welll-meaning friends, relatives and even the forumers in this forum! Some FA and TA knowledge helps. If we depend entirely on other people's view, must as well we buy 100% unit trust. Save the time and trouble. In the fund managers we trust.

4. Learn to switch off from time to time. Have a hobby!

5. The list is endless...

My 2 cents as usual... icon_rolleyes.gif
icemanfx
post Jan 10 2021, 12:30 PM

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There are many schools of thought in investment, no one is correct all the time. Jedi master, syndicate, ib, controlling shareholders, etc game plan is different and often contradictory with/trade against the masses.

Only after the tide turned will tell who was swimming naked.

Broken clock remain broken.

This post has been edited by icemanfx: Jan 10 2021, 12:33 PM
Syie9^_^
post Jan 10 2021, 12:30 PM

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QUOTE(Boon3 @ Jan 10 2021, 01:45 PM)
Difficult to progress if you cannot get that FOMO monster out of you. wink.gif

On fake trading...there's so much you can do....

You need that 666 book. Write down the exact price you think the entry should be. Jot down why. Jot down how you will play it.

That's for starters.

From there.. you know roughly what style trading you are good at. Hopefully you discover your weak points too.

Then move on to the challenging part. The big test.

Prepare yourselves. Arm yourself with 100k of fakeness. Test it over a period but remember 100k is all you got. You lose it all, you failed. Challenge yourself. 6 months. 12 months. See your results...
*
Did I hear FOMO?

» Click to show Spoiler - click again to hide... «


This post has been edited by Syie9^_^: Jan 10 2021, 12:31 PM
skty
post Jan 10 2021, 12:33 PM

There is only one thing I know. That is I know nothing.
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4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Duckies @ Jan 10 2021, 12:09 PM)
Ah I see. I thought FA and TA would be a better choice to get into the counter. Or do you think otherwise?

Example I noticed INARI, did some homework and believe that the FA is good. Next I need to look for a good entry point. So when I saw it broke over resistance so I believe that's a good entry point.

So when I get into it, I'll come back few months later. At least that's what I thought I would do. From time to time I'll take a peek and when it drops, it stirs my heart. Although my brain says long term and FA but it makes me doubt my choices sad.gif
*
invest doesn't depends on momentum. What you are doing is trading. As a boss, buy in a stock, keep in your warehouse, hoping it will price surge in the future, and then sell it, finish trading, repeat another cycle.

if that style suit you, you can also make profit out of it.

good luck!

QUOTE(AVFAN @ Jan 10 2021, 12:16 PM)
yes, will surely play along, i look forward to dips! tongue.gif

there is unconfirmed report for fri 8 jan:
figures the day before were +137, -98, +42.

for fri, we know the shorts are still incr, bursa top gainers were all gloves and not banks or telekom or tenaga.
*
I bet the FF already run. What left are LF that is burning hand now. hahahaha

QUOTE(Vanguard 2015 @ Jan 10 2021, 12:24 PM)
The curse of modern technology.

Too much noise whether in the public forums, online news, WhatsApp group, etc. As a result, the average retailer is overloaded with information until he can't filter them anymore and loses focus.  rclxub.gif

The introduction of online trading also didn't help. With one click of the mouse, one can buy and sell any stocks. Temperament takes over.

What is the solution?

1.  Have a game plan. Have a take profit and cut loss strategy.

2.  Clear-thinking. Reading self-improvement and investment books can help.

3.  Separate the wheat from the chaff. Look at what the company is doing and not what other people or Mr Market is telling us what the stock is doing. By "other people", this include the analysts, IB, welll-meaning friends, relatives and even the forumers in this forum! Some FA and TA knowledge helps. If we depend entirely on other people's view, must as well we buy 100% unit trust. Save the time and trouble. In the fund managers we trust.

4.  Learn to switch off from time to time. Have a hobby!

5.  The list is endless...

My 2 cents as usual... icon_rolleyes.gif
*
Hi Unker biggrin.gif
Boon3
post Jan 10 2021, 12:33 PM

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QUOTE(Duckies @ Jan 10 2021, 12:18 PM)
Yea that's the hard part. Getting ride of FOMO monster  cry.gif Every now and then there's a lot of temptation and my inner FOMO monster will give me tons of "IF". If I ride on it, then I get an easy profit for a short time. But when I ride on it, instead of easy profit it's an easy loss cry.gif

I believe I prefer the long/mid term FA trading style. These frequent in/out and cut loss give me sleepless night.

However my inner FOMO monster proves me wrong. I am not a long/mid term FA investor when my FOMO takes over me  cry.gif

I think it's a life long journey and mine just started. Will continue to learn from all of you here.
*
Some of Sun Tzu teaching is most useful...

Knowing yourself before you go fighting a war... your strength and most important, your weakness.

At least... you are aware of your own FOMO monster.

Something... maybe someone else can advise you on. wink.gif

AVFAN
post Jan 10 2021, 12:41 PM

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QUOTE(Vanguard 2015 @ Jan 10 2021, 12:24 PM)
The curse of modern technology.

Too much noise whether in the public forums, online news, WhatsApp group, etc. As a result, the average retailer is overloaded with information until he can't filter them anymore and loses focus.  rclxub.gif
not a problem... over time, u learn how to filter/ignore the noise u find useless or simply garbage!

QUOTE(Syie9^_^ @ Jan 10 2021, 12:30 PM)
Did I hear FOMO?

» Click to show Spoiler - click again to hide... «

*
careful there... grogu exhibits fears like young anakin.... maybe turn out to be another darth! laugh.gif
Syie9^_^
post Jan 10 2021, 12:49 PM

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QUOTE(AVFAN @ Jan 10 2021, 02:11 PM)
not a problem... over time, u learn how to filter/ignore the noise u find useless or simply garbage!
careful there... grogu exhibits fears like young anakin.... maybe turn out to be another darth! laugh.gif
*
» Click to show Spoiler - click again to hide... «

icemanfx
post Jan 10 2021, 12:51 PM

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QUOTE(AVFAN @ Jan 10 2021, 12:41 PM)
not a problem... over time, u learn how to filter/ignore the noise u find useless or simply garbage!
careful there... grogu exhibits fears like young anakin.... maybe turn out to be another darth! laugh.gif
*
Bursa/share investment has been around since time immemorial. Many boomers were gold fingers at one period of time and many millennium are following the same path.

For reasons, only about 4% of adults in this country have over us$100k net worth.

This post has been edited by icemanfx: Jan 10 2021, 12:55 PM
Syie9^_^
post Jan 10 2021, 12:57 PM

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QUOTE(icemanfx @ Jan 10 2021, 02:21 PM)
Bursa/share investment has been around since time immemorial. Many boomers were gold fingers at one period of time and many millennium are following the same path.

For reasons, only about 4% of adults in this country have over us$100k net worth.
*
Much Gold finger got chopped in 1997 AFC, and further down 2008.

If one have not participated full time and just buy the dips!, now they are more than 100K USD net worth.

This post has been edited by Syie9^_^: Jan 10 2021, 12:59 PM
icemanfx
post Jan 10 2021, 01:07 PM

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QUOTE(Syie9^_^ @ Jan 10 2021, 12:57 PM)
Much Gold finger got chopped in 1997 AFC, and further down 2008.

If one have not participated full time and just buy the dips!, now they are more than 100K USD net worth.
*
Also some bought at dip got delisted, whatnot and become worthless. A reason why many boomers shy away from bursa.
Duckies
post Jan 10 2021, 01:10 PM

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Another question. For those long term FA investor, what do you do when market crash? Cash out or hold then come back few years later?
Syie9^_^
post Jan 10 2021, 01:10 PM

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QUOTE(icemanfx @ Jan 10 2021, 02:37 PM)
Also some bought at dip got delisted, whatnot and become worthless. A reason why many boomers shy away from bursa.
*
Buy what is will be scarcity value building in future, Not what is available CHEAP. That will be delisted.
Syie9^_^
post Jan 10 2021, 01:14 PM

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QUOTE(Duckies @ Jan 10 2021, 02:40 PM)
Another question. For those long term FA investor, what do you do when market crash? Cash out or hold then come back few years later?
*
cut-loss, position stop-loss or DCA which depends how much your dry powder available.

OR just be

» Click to show Spoiler - click again to hide... «


Then while looking at your stock a year later,

» Click to show Spoiler - click again to hide... «

Duckies
post Jan 10 2021, 01:18 PM

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QUOTE(Syie9^_^ @ Jan 10 2021, 01:14 PM)
cut-loss, position stop-loss or DCA which depends how much your dry powder available.

OR just be

» Click to show Spoiler - click again to hide... «


Then while looking at your stock a year later,

» Click to show Spoiler - click again to hide... «

*
Yea, always a tough choice to make. You know it's a good company with good fundamental so it'll recover in time. But you can't help but to think what if I cut loss now and enter at a lower price and hold.

Example your current price is 2. Stock crash causes it to drop to 1. Then after 1 or 2 year it climbs back to 2. So if you cut at 1.5-1.8 and get into it like 1-.1.2 then you get more profit.

But then it somehow contradicts to long term FA investor strategy? hmm.gif
statikinetic
post Jan 10 2021, 01:24 PM

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QUOTE(Duckies @ Jan 10 2021, 01:18 PM)
Yea, always a tough choice to make. You know it's a good company with good fundamental so it'll recover in time. But you can't help but to think what if I cut loss now and enter at a lower price and hold.

Example your current price is 2. Stock crash causes it to drop to 1. Then after 1 or 2 year it climbs back to 2. So if you cut at 1.5-1.8 and get into it like 1-.1.2 then you get more profit.

But then it somehow contradicts to long term FA investor strategy? hmm.gif
*
Goes to show there is no one size fits all.


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