KLCI dropped further ... free-falling for many counters.

Now, do u know why I sold all my penny-stocks 3 weeks ago? Do you know why I need to cut-loss and clear so many counters 1-2 weeks ago? Started to buy into market due to fear around ... also need to clear?

I do know many are stuck in many stocks. Many retailers who were on HIGH simply a month ago, no longer smiling? The logic is there ... newbies will never be able to understand RISK. They are very remorse and quiet now. Hmm ... if we still find noises around and in forums, then market is not bottom yet!

Newbies ... yes, referring who are new in stock-market ... who just came in 2014, will not understand what is hitting them. Cut-loss now might be too late or too sharp(honestly, I feel very sorry for those in huge losses ... just take it as a lesson, ok?) ... then, many started to ask around what to do.

I am sorry ... I am not qualified to give any comments on anyone's stocks or portfolio. I received few e-mails now, asking for my opinions on their stocks or seeking advices. Sorry if I do not reply. Most of those penny lousy-stocks ... who am I to ask anyone to cut-loss? What is market recovers sharply or that lousy stocks being goring again?

Listen ... we took 3-4 years to get our degree. WHY are MANY retailers THINK they do not need to learn first before going into market, and paying such a painful lesson? Where is the logic of many, when we knew 80% of them in markets losing money? How many times have I written about these? SO SO many times. But, if u think retailers bother to listen, to read around or learn ... u r wrong again. These are emotional games that majority cant take. They do not use LOGIC when they go into market ...

That is why after 6 years ... I am still a novice, and more years to come for me to experience another market crash and survive ... then I could move up to intermediate level.

Newbies ... those less than 3 years in market ... choice is clear. Learn first ... diligently for 3-5 years, then only consider market when it crashes. The red-blood is not much yet ... many have went thru the roof, few hundreds percent? Hmm ,.. what? cheap and under-valued stocks?

Do you feel fear yet?

Here, I m feeling sorry for many who have huge paper-losses. Either you want to take learning seriously, for 3-5 years .... or simple advice is to quit. Never mind about the losses ... market is not for majority.

Let me quote Jesse Livermore :

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."

If you do not even know or heard of Jesse Livermore, you must be VERY new or plain lazy to read. Then, to be straight and blunt ... quit trading is a good choice.

"...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions."

If we cant be honest to ourselves and keeping our own scores, who will manage for us? If you refuse to THINK (thinking needs brain-cells, I guess) ... then it just shows lack of commitment to learn.

Ok ... I m going to have another e-meeting with my trading group. Yes, I do get very busy when market is diving.

Trade well and exercise cut-loss.

TEH