1.07 is a breakout from previous high/resistance, isnt that a good sign?

In and Out trader meh....

Oops. U were right. It dropped to 1.02 now.

I got trapped at frontkn too. That was a real shock.

Me never like to trade for KFC.

Either I play big or I stay home ... and play marbles.

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

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.....

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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.

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?

No such thing as chin chun all the time one

NOPE !!!!

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?

Errr...

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

Every time win... win say 10%.
But those losses... lose 25%...
.... what u get?

It's not about the approach.

What is more important is you need to understand the very basic concept of keeping your winnings big and your  losses small. If one fails to grasp this, no matter how good the approach is, one could still lose money.

Let winners run, keep losses small.

Same example as earlier..
Say one keep losses at 10%...
One could lose 7 times....
But as long as winners are kept huge (25% or more) ...
One only needs to win 3 out of 10 times to have success.

 

I think this is most likely a small bear which is good for the market in longer term.. but I may be wrong cos I'm noob.. stocks which were bought lately are almost back to my entry price and some are in losses..
I'm currently holding Petronm, hengyuan, astino, mikromb, Gkent, hevea, luxchem, superlon, padini and comfort.

I'm most uncomfortable holding astino cos it's now in 15% paper loss.

Others like petronm, hengyuan and Gkent are close to my entry price.

These stocks can hold for long term or not ah?

Now search Google for position sizing and profit expectancy.....

IMO diversify is good for noob like me la.. at least for now.. at least my returns will be moderate.. if I keep a concentrated portfolio, I might end up with high returns if I'm lucky.. if I'm not, I might even lose my pants.. I would keep a more concentrated portfolio only when I master the art of trading..

This always 'sound' logical but ... I am telling you this ain't so.

Diversifying will never make it safer. When shit happens, like a crash, they will all die... well ... some of the better ones... they just die less or recover faster.

And then ... when carries more different stocks... the tendency is that sooner and not later, they will most likely to carry the big G - the goreng stocks... and because of the noob factor...the cutting loss is an art they could never master... and in most failure cases....all it takes is ONE NASTY BAD GORENG STOCK that goes badly wrong . And when this happens....tbe portfolio will turn in huge mega losses.

And I will say this.... it's never how many stocks you carry... most important is you carry the right one.

And when you carry less different stocks...you force yourself to be damn bloody correct....this is something which I have seen many with multi stocks in their portfolio will fail to do. Most of the time...they carry more just cos of the theory... they carry stocks to fullfil their die hard gambling blood.. they carry more cos they think one bad stock selection is ok. Cos they think the other stocks can take care of one or two lousy picks...

And so on and so on.....

Ps this issue is subjective. It's always ok for you to disagree.

All you need to do is send Gark to kowtim me.

The more I hesitate, the higher it is going. Dow jones looking good at the moment too. If tmr above RM1.10 still can go in ah?

Or is this just the start of an uptrend? Looking at CCK's profit and revenue for the past 10 years, looks to be a solid company. Slow and steady growth with consistent returns.

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twhong_91 Any plans on reentering?

i tengok chart it look like ada power to go lagi..turbo belum lag..

........ accident  still yet to happen...............................

AirAsia... the breakout DID not happen... instead it...........   

i buy high price hahahha

i already say ma..buy high price..small lot..see can go 79sen bo

sapuing what?