Good if you have bought Keuro at 27 sen last time. Then sold off at 81 sen for a very nice 200% profit. Bad as WCE price is no longer cheap like before.
So the lesson is this:
Good to buy when others are still fearful
Bad if you chased a stock at peak prices which can't make you much money further
To buy when others are fearful - with cringing fear creeping into you is the most difficult thing to do. Chances are we will follow the hot hot crowd chasing high flying very popular stocks at peak prices.
People buy euphoria & sell fears, sell doubts, sell unloved & unwanted & unpopular stocks. That constitues 90% of the people.
Only the 10% contrarian act the very opposite- buy into fear, doubts and still buy when there is blood on the street
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....
suregain
1,611 posts
Posted by suregain > 2017-07-31 13:20 | Report Abuse
Is,a good,thing or bad thing? I dun understand leh