I had a good one-hour e-meeting last night regarding pointer #1 of my market-crash preparation : Capital Preservation
1. WHAT
2. WHY
3. HOW
4. WHEN
Based on the four questions ... I elaborated on the points ... yes, I will do a repeat for those missed ... and till market really crash! haha ... CUT LOSS has been emphasised as we could not preserve our capitals by getting STUCK in many of stocks.
RHBBank (ex-RHBCap) ... at resistance now RM5.10 level, came from low at RM3.50 level. Will one sells if we bought at HIGH ... say, RM6?
Time to rethink about capital-preservation ...
Night
TEH
Flintstones
When i was a kid, my dad used to joke about the habitual gambler who finally heard about a race with only one horse in it. He bet all his money on it, but he lost when the horse jumped over the fence and ran away. There is no sure thing, only better and worse bets, and anyone who trades without expecting something to go wrong is playing the most dangerous game around.
2016-08-09 06:47