I am not sifu and I glad if I did any help to you. I just hate to see people lose money.
stock market is "people who know" get money from "people who don't know".
so this glove journey can help a lot in one's investment/trading experience.
TG 8.xx and 7.xx are prices for trading. You should CL at earlier. Not average down. You can see my earlier post why I sold off all my glove holdings (luckily still manage to sell without losses especially for SPMX) in October 2020. Because those units I bought are for trading purpose.
I bought back at investing price range after the price falls. I am mentally prepared for average down and have a plan on how to do it.
Averaging down is only for investing price range. Not simply suka suka average down.
And averaging down also need to know when to average down and how to sell extra units that got from averaging down when have technical rebound.
Doing the right way, you can keep adjust your averaged price to closer to lowest (before trend reversal) and keep adding more stock quantities to your portfolio with the same money that you planned to invest.
That's why investing can never buy ALL in one shot EVEN THOUGH you have calculated the intrinsic value and must always have margin of safety to start with for your first buy. Always allocate money aside to average down in investment.
I see ppl keep mixing up trading and investing. Don't mix up. Trading is average UP. Investing is average DOWN. Investing is once you done your first buy, you are more happy if the price continue to drop. If you are not, you are just trading.
You buy a stock with a reason and must sell the stock with the same reason. Don't buy for trading and when price drop you lie to yourself is for long term investment. I see countless people making this mistake.
just wait patiently for Bursa approval first.
ohh ok.. cos like those big companies TG SPMX when do announcement, very fast they can give us another announcement on the confirmation lol.