Posted by kakashit > 2015-06-18 00:16 | Report Abuse

ta is only for smart alex

Posted by Icon8888 > 2015-06-18 01:23 | Report Abuse

General statement again

Said already like no said

Posted by Icon8888 > 2015-06-18 01:25 | Report Abuse

I mean "you"

Posted by Icon8888 > 2015-06-18 01:27 | Report Abuse

Ha ha

Posted by GreenTrade > 2015-06-18 16:58 | Report Abuse

Yeap. Cutting Losses is important :)

Posted by speakup > 2015-06-18 17:10 | Report Abuse

dont be too hard on yourself..... everybody makes mistakes.

Posted by MrWealthy4321 > 2015-06-19 00:19 | Report Abuse

yes . we all make mistakes ..human mah

Posted by cariayam > 2015-06-19 00:21 | Report Abuse

walau ...

Posted by YOLOOOO > 2015-06-19 00:53 | Report Abuse

I just cut loss this morning also, i queued to buy 1500 lots of a call warrant around 8:10:58 am this morning by using my smartphone and then i was away until 10am sth.

Unfortunately, i dont know whether it was my smartphone's error or what, i queued 1500 lots for one time* only, but in the end i found that i got two 1500 lots orders matched in my order status where the time between the queuing of the two orders was only 1 s (the second order was queued at 8:10:59).

Same as the author of this article, it did not follow what i planned before queuing the order, my cut loss principle is to cut loss when i speculate once the price falls more than 10% from the price i bought. But i didnt cut loss this time when the price of the call warrant fell because the loss was 2x worse than what i expected in the worst case scenario.

I begun to hope for the rebound but it didnt happen like what i hoped, the stock continues to fall and the paper loss became 30% in the afternoon(12.30pm). While having my lunch, i was thinking that whether i should cut loss or continue to wait for a rebound. The 30% loss(4.5k) is quite a lot to me since i am just a student.

In the end, i managed to cut loss at 20% loss(3k). Lesson learnt, I should not and will not trade again by using my smartphone when i got no time to monitor my trade.

Posted by YOLOOOO > 2015-06-19 00:56 | Report Abuse

i only expect to lose rm750 the most in this trade but ended up in rm3000

Posted by JT Yeo > 2015-06-19 05:24 | Report Abuse

IF you dont learn skills but rely on luck, cut loss only mean killing yourself slowly. Slow suicide

Posted by BumbleBee > 2015-06-19 12:26 | Report Abuse

US$60k x 3.70 = RM 222 k ..wow

Posted by Hercules > 2015-06-19 22:24 | Report Abuse

This refresh my memory on K1 & Frontkn. When it started sharp falls it suppose to immediate cut loss. For anyone didn't take quick action and hold till now, really big disaster!

Posted by wajatimur_28 > 2015-06-20 14:01 | Report Abuse

I lost rm32k...1st time trade..lessons learnt...