My Trading Adventure
Stock Chat : CSCSteel
CP TEH
Publish date: Tue, 25 Jun 2019, 02:38 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Q : Hi Teh ... I like your idea of dollar averaging in TM. Could it be applied to other stocks?
Yes ... and No.
The risk is ... the stocks may NOT recover. And some lousy stocks may even be delisted (or cash-calls etc) during crisis.
Let me take CSCSteel as example ... someone argued with me it is under-valued when it was up strong around RM1.80 ... so, fine. Buy more now ... right? silly naive fella.
CSC today at RM1.07 (PER 25.56 with NTA 2.19) ... not under-valued leh.
take peak : RM2 divide 4 = 50cents. Start to buy from there. every ten cents down, buy one portion consistently ...
sell every 10cents up. one may adjust to % etc etc.
There ... that is my take. Buying a downtrending stocks ... expect to be stuck with paperloss and need to buy more (be happy) when stocks becoming cheaper ... if u stuck up there CSCSteel at RM2 or RM1.50 ... i wonder why you are not adding at RM1? Ask ourselves why we bought high up there ... and STUCK. Investor or ... ACCIDENTALLY becoming investor ...
TEH
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Be the first to like this. Showing 3 of 3 comments
btw, to do well in trading, dont need to susah-susah , dive into waterfall stks.
just keep to uptrending stks, is much safer n more sure way lah...
Just aim for consistency of wins each trade...
2019-06-25 15:43
CSC today at RM1.07 (PER 25.56 with NTA 2.19) ... not under-valued leh
I like !!!
2019-06-25 15:49
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bursatrader2018
dollar averaging is a lazy,loser strategy for small punters like us. You & i are not like the units trust, with unlimited funds coming in every mth, that need to put to work.
We got v limited 'funds' , cannot apply lah..
Need to put on thinking cap, find out what are the key requirements in a waterfall stk, that give it a good chance to rebound, eg. tm,genm,genting,gamuda, that already came back from the 'dead'.
that is the value-add that would be useful for your class n us ...
2019-06-25 15:41