Just my gut feelings as i saw the movements always drop a few days after it rises.

Im human too. Haha... but i just this time around should be well supported at RM1?

U got trapped in frontkn? Guess ur price is higher?

Your capital high ma boon. I m just a ikan bilis trader, haha. But not bad la. At least a 1x%.

Nope. When play for small margins, one tends to over trade - usually making trades which are less than ideal. More unwarranted risks....

dont understand, mind to elaborate?

Quite a big drop. RM0.995 now.

Yeah frontkn i bought at 0.375, sold as soon as i knew about the crash. Made some losses but not too much. But man, I had high hopes for that stock. Steadily going up and supported by good news, analyst TP etc...

When one wins a small trade... say 100 bucks.... in and out a stock within a day.....
it's addictive.....

and after a couple of times...
soon one will be in dreamland...

wahbeh sibeh song wo.....
here one hundered... there one hundred fifty... there again two hundred....
soon one is like a calculating genius ....
one week so much...
one month so much...
one year so much....
Ooolalala......

here lala there lala... everywhere also lala.....

The addiction to win small trades become so powderfull....
that one is trading just for the sake of wanting to trade and wanting to win that one hundred ringgit....
But in reality....
where got life so wonderful one?
where got one hundred ringgit trade everywhere one?

so with the impulse to trade...
the desire to win that one hundred ringgit....

this usually turns the trader to wanting to trade every day.... the over trading....
and when this happens....
the trader usually takes on much more riskier trade......

This HAPPENS....

for GREED is there......

BUT is such greed good?

Think like a business man...
your profit for a trade is usually one hundred plus...
but then...
we need to be realistic...
what about the potential losses?

Can one keep the losses below 100?

If the answer is NO.... then .... will such trading makes good business sense?
Is it smart to trade when one wins so little but if one loses .... the losses could be bigger than the potential winning....
make good sense mah?


I tell you la....
Trading to win peanuts ..... is an extremely bad idea.....
SOONER rather than later...
the losses will catch up.....

it was an unexpected crash, and my gains became smaller after crash. haha..

i had high hope for it too, never thought that something unfortunate like that to happen.

so true, 5 years back i was clueless about a company and only buy/sell based on RSI indicator, make small gains but losses are bigger than those small gains.

thats why when u recommend paper trading for newbies, i think it is such a good idea coz i too suffered huge losses due to not knowing anything and trade recklessly.

what you have said is so true, win big or go home.

So CCK rebounded from 0.995, long tail at the bottom. Supposed to be a good sign. But market seems weak these days, break out or long tail also don't seem to last. I plan to wait.

This post has been edited by danielcmugen: Aug 10 2017, 11:02 PM

market not stable, North Korea vs USA, 1MDB

expect another round of red sea today.

It's all simple maths too...

If one cut losses at 7% and takes profit at 10%.... there's not going to be anything much left, yes? and at such rate, it is very easy to snowball the losses. Worse still... is when the mega losses hit!!

Ah Boon.. in market like this, is it better to clear all holdings? This is only small market correction?

its true, so now i aim chun chun then shoot it!

very subjective, now almost all the big drops are recovering, especially in my watchlist, hengyuan and inari.

No such thing as chin chun all the time one

Depends la.

If your stock future is very bright and your buy in was very good.... then hold la



But if stock lousy or you simply enter..... err....

This post has been edited by Boon3: Aug 11 2017, 04:45 PM

Chun chun means do enough homework from my side, study chart and enter at a reasonable price. And wait for it to blossom.

Of course sometimes things might go the other way round. So win more lose less to maximise the gains, right?

NOPE !!!!

Then?

Then how?

Lol

First.... say again... no chin chin stuff la....

All the homework all the chart can never ever guarantee 100% success...

Second...

It's not about winning more than you lose la....



Let me ask.you....
If you win 7 out of 10 times... does this guarantee that you will win money?

Yes of course no guarantee of winning. But the chances of winning should be higher as compared to trading recklessly right?

Not guarantee as losses might be bigger than winning even it is a 7 winning sprees 3 losses.

Might to share more of your approaches boon?

Errr...

Say 7 out of 10 wins... each bet 100.

Every time win... win say 10%.
But those losses... lose 25%...


.... what u get?