If want, CNOOC is the best rite now...

I have another experience to share with you guys on buying low.
Well this is my preference, I dare not say it's right, but I am sharing my experience.

Ssome people including one of my friends like to buy shares at 52 weeks low. And he kena many times that the shares go lower.

After all these learnings, I bought MASTEEL at 52 years high, and believe it, it keeps going higher....
So our psychology might tell us that "why buy such an expensive stock which is already at 52 weeks high?", but for me, reality is different. There must be a reason why a stock grow to all time high. So you just ride on the momentum and set a very small cut loss price in case you get it wrongly. This is how I do my risk management now.
When it reaches my target profit price, I will set a profit lock price, for example 75%. So if the momentum stops and comes down, once it goes back down to the profit lock price, I will sell it, in that case I still make 75% of the profit.

I always believe in buy with momentum, rather than bottom fishing. I am not against bottom fishing but there must be a reason why a stock bottoms out, remember we must know the REASON....

With this trading plan., nowadays I trade with no emotions. I don't feel stressed as well coz everything is planned out. I am just following the plan

This post has been edited by okk: Jan 18 2008, 02:54 PM

If monday and tuesday still green you sure make $
I myself take in only 500 for C4. 300 lot = 12k wow

Steel counter might go higher in April..
Stay tuned..

BTW, 52weeks high not 52 years high...

"buy on rise
buy on momentum"

@xtreme82

wow you made some money there already

Yes, buy on rise and buy on momentum.
Be very strict with cut loss price, minimal loss, coz when you buy a stock today, you don't expect it to drop the next few days. If that happens, that means you get the stock wrong, so you must sell it immediately with smallest loss.

I always set my cut loss price to 3% only from purchase price.
For example, I bought Kencana at 2.500, it dropped to 2.430, I sold it at loss because already breach 3% and this is not wat I expected from it. So now Kencana is less than 2.400, this plan has reduced my loss

When the momentum is back, only I re-enter the position....

yup, cut loss is an essential lesson to learn
better lose a pokok than sacrified your whole jungle
i also learnt from my mistake

p/s: okk, your 3% cut lost benchmark is good. i want to absorb that.

Glad to hear that my opinion can help you.
Actually I use 3% normally, but if you think you are very confident with a stock, then set it even smaller like 2%.

Yes, as long as you have the capital, why worry no chance to gain money in the future? Why bet with a stock which is dropping and against your plan? Think about it....

Happy investing!

LOL not yet... Very scary i can see roller coaster ride.....

Ok now i am losing money

This post has been edited by xtreme82: Jan 18 2008, 03:12 PM

masuk longkang liooooooooooooooooooo

but.. okk.. 3% of cut lost..
then would required to monitor the market very frequently..
tis is hard to me.. only able to look at after work everyday

okk, just wondering do you have any plantation counter in your portfolio?


mate, you say you bought 300lot, it is 30,000 shares or 300,000 shares?

That is why few days ago I opened a thread asking about online broker which can provide stop loss order.
That means auto sell off for you if the price drops to certain price...
Well seems like tis is not available in Msia, which is really very bad for investor risk management...

Anyway you can subscribe to those sms service, where it will sms to you when the price of a stock reaches certain level...Maxis has that, MyEdgeDaily also got, but one sms is RM0.50, damn expensive....

30,000 share

i thought you are making money already when it hit 0.48 just now, no buyer? or you didnt sell?


how about ask your remisier to monitor it for you?
if it touches your cut lost price, ask remisier to sell for you?

don't have any plantation stock, right now I have zero counters actually.
All plantation stock right now is overvalued, based on my analysis....

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Added on January 18, 2008, 3:18 pmAgree, if you are using remisier, make use of your remisier

This post has been edited by okk: Jan 18 2008, 03:18 PM

300 i think it's 30,000 which is 12k no? Gotta be careful. Go up slow, go down bery fast.

Didn't set the trade to sell it at 0.480. I went to the toilet when it reach 0.480 and came back it drop to 0.470

oh i see, so you are now waiting at the 1350 to 1370 level before entering again?