I got it at 10.48 last week and haven't sold it because i wanted to average down my earlier purchase (19 i think). Difficult decision, to secure the profit or clear all one time

Tried selling at 12.5 earlier but doesn't seem to match. Let's see tomorrow

This post has been edited by silverwave: Jan 14 2021, 04:53 PM

Thank you bro, appreciate the input on the new tip to change the mindset.

I do agree, with the market volatility now, it is not wise to hold any stocks too long.

If you don't mind the up and down for the next 2-3 years, why not? Nothing wrong.

What's the TP you guys set for SCIB and Kpower? It's just going up non stop

What US stock are you into?

Looks like someone is trying to push TG and SM below Rm6 again

Probably too but the drop is quite quick, may be syndicates.

Yup up and down always

If the washing machine for gloves continue tomorrow, sure TG and SM can be below RM6

Market seems a bit quiet today, perhaps all waiting for the OPR news?

What time is the OPR announcement today?

Which sectors are these? Plantations?

Looks like TG will break Rm6 and SM will be soon too, like in early Jan.

Planning to do the same too. TG has a strong wall at RM6 now.

supermx is really going wild again

For SM, TG and Harta, looking at the the trend, can i say that Monday to Thursday, heavy RSS and it's probably lower on Friday, hence the price can continue to rise? Heavy RSS also leads to price dropping and there will be panic sellers.

Is this analogy correct?

Usually for buying in smaller batches, is it wise to buy below 500 units? So far the lowest i've tried is about 300 units but sometimes it is not significant enough to make a profit or to DCA.

I know 100 units might be too low and i don't want to incur unnecessary transactional fees.

Most of the time i will just buy 1000 units but i want to split it moving forward, to minimise the risks. How do you guys split it accordingly?

This post has been edited by silverwave: Jan 23 2021, 05:53 PM

Haha, definitely!

Well, in the past if i had 10k in hand, i would just put all in a share that i like because i didn't have any strategy (was thinking of long term that time) and all looks good until the price starts to fall. From then onwards, i realized that i should utilise may be like 20%-30% first and continue to monitor if it's worth adding more. I try to also keep a reserve of at least 30% available at all times and try not to use it up, to give me the flexibility.

Therefore, i was looking at this option by buying lesser lots. I agree, for Rm1k, i would go for a single block.

Thanks for the input!

Well, if the fundamentals of a company is intact but the share price is ruined by various factors, such as market sentiment, politics, etc, you can average down if you trust the company. When i first started investing, my aim was to buy and keep counters like Tenaga & Maybank to collect the dividends, i wasn't looking at the share price.

How would you know if the rise can sustain? It can drop again after you buy. What would you do then if you've used up all your reserve? Hence, i was considering splitting it.

I believe what they meant is for counters that have no hope or the loss is just increasing day by day. Sometimes it is better to cut loss (though i have not tried myself) at a certain percentage and wait for the price to drop until it seems to reach a support line. Then you can decide, if it's worth to enter or not based on the company's future prospects. There isn't a right or wrong answer to this, it all depends on your holding power. Warren Buffet has kept some of his shares for more than 30 years and i'm sure it has gone through the ups and downs.

My humble opinion, still trying various methods too.

Is Supermx QR this week too?

If Harta QR is out today, probably gloves also might turn red later? Since it is sell on news