Support broken. Technically will see price around 4.40ish soon. Collectors should be waiting at that price. Pointless to see or enter any price from now till 4.40
Wait below 4.40, shall see stabilisation at this price. Then will be deemed good valuation. Searching for cigarbutt-approach price for safety. Will inform when found.
Desa, it looks like you have a strategy during these times. Ckwan11d is not wrong but as long as you already have a strategy, you'll do fine.
Based on your comments, I think that you might have bought some of these stocks at a high and feeling the pressure right now. However, you must also understand that you bought these good quality stocks that will improve in due time I don't know when.
Sold 4.76. Yes fool like me never learn. Can't stand losses, so better to cut off, rather than suffer more losses. Also suffer big loss in Shell. But happy with Apollo, Magni, Top Glove, Supermax, Padini. Overall, more winners than losers. Must be more careful next time.
Shell bot at 5.86. Sold at 3.48 sometime back. If I didn't cut loss, today it is 3.03. Must not be afraid to cut off losers. Get back some cash and go fight again. Life in stock market is like that. We are at war with MR Market.
Yes, I agree with you. Nobody lies to lose. But my experience tells the hardest thing to do is to cut loss. It is our pride and ego that prevents us form doing so. Cut loss we must if we are forced to. Luckily, I buy cash and not margin.
It is nothing wrong with trading on margin IF you know how to leverage your scarce capital and understanding your calculated risks and expected returns on borrowed sum.
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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....
tkp2
3,027 posts
Posted by tkp2 > 2016-02-04 19:17 | Report Abuse
everyday drop like that, RM16 ah? hmmmmm