Next Strategy

I have make another mistake in trading again and again. Lack of commitment and discipline is a recipe for disaster. Mistake have been done and I have to make sure the loss is not massive. That the reality of small time trader like me. Cannot depend on share market to make a living... I can category myself as under 80% of people losing money in stock market??

DRB Hicom down..even good IB report to buy...

Silk Holding - beaten down badly...I have to cut loss this one.

The next strategy is wait and see..Look the promising stock

Trading reviews

As always human can not run away from making mistakes and also myself. In trading,  we can money if we are having strict  discipline and not too be greedy.  I have to check and  review back my strategy in trading. So far my trading result is not good and devastating.  I have to cut loss for certain stocks  and keep some stock..

Good performance stock... MyEG.
Worst performance stock... Deleum and Silk holding
Maintain stock... CARING and bimb-wa

Think for next strategy in bearish market.  Chance to loss money more in bearish than bullish market.  Unless you have holding power and can short the stock...

Common Investor Mistakes

Common Investor Mistakes

Below we have listed a few common investor mistakes.

Try to avoid making these mistakes with your investments.

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1) Falling in love with a position. 

 

An account has limited capital, ask yourself if the position is the best one to be in here. Are you tying up capital that can be put to better use elsewhere? Don't get sucked into the fundamental story. that is, don't hold on to a stock whose technical picture has deteriorated just because you are intoxicated with the reasons for your choice.

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2) Buying the stock right, but forgetting to sell it right. 

 

There are two foul shots to make successfully with respect to investing.

You must buy the stock right, and then you must sell the stock

correctly. Therefore, once you buy a stock you must review it on

a regular basis; don't just forget about it. Attempt to sink both

foul shots.

3) Not having a game plan for investing. Investors will haphazardly,

especially in a strong market, pick stocks to buy, thinking that

the stock market is easy to beat. They fail to realize there is risk, not

only reward. Therefore, it is essential to have a game plan that

helps dictate what stocks to buy and when, and also tells you when

to sell or play defense.

4) Buying stocks that are extended. When you buy a stock that is

up on a stem, it increases your risk and diminishes your potential

reward. Rather, it is best to buy a stock when it pulls back closer to

support, thereby increasing the potential upside reward, and

diminishing the risk to the stop-loss point.

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5) Taking small gains, but not being willing to take small losses.

 

Be willing to take small losses by adhering to your stop-loss points.

Avoiding large losses will keep you in the game. You will not be

right on every trade, so be willing to bail out and take the small loss

when the technical picture so dictates.

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6) Buying a stock that is trending down, thinking that it is cheap, or a

value. Often, these types of stocks become an even better value

because they continue to fall in price. Ideally, it is best to stick

to stocks that are in an overall uptrend, trading above their bullish

support line and exhibiting positive relative strength. These

are the stocks that are in demand and should be considered for

purchase.

7) Acting on poor advice, tips, and financial media hype. Many

investors try to get rich quick without doing their homework. They

rely on the TV or financial media to tell them what to buy. Instead,

take the time to educate yourself, to arm yourself with a game plan.

Then you will be able to make sound, informed decisions. Take

responsibility for your own success. Donft rely on get-rich-quick

schemes and rumors. Do your own research.

8) Getting emotional and not being able to stay objective. Any

investor knows that emotions can be your worst enemy. Try to stay

objective. The point and figure chart helps you accomplish this

because a picture paints a thousand words. When looking at the

chart, cover up the name of the stock. Make your decision on what

the chart is telling you, therefore taking the emotion out of knowing

the name of the stock.

From the book  Tom Dorsey's Trading Tips: A Playbook for Stock Market Success

The Market Turn Bearish

Most my holding stocks in the red yesterday. Most OO&G stocks beaten down badly due to the decline in oil price. KLSE as a whole was in bearish mode. It's so difficult to pick the good stock and high performance stock nowadays. Which sector is the best?? Plantation down. O&G also down.. ACE ...up and down.(pumped and dump). Maybe IT and consumer related services should be the focus. I think the best strategy now is wait at the sideline and see the development.

Stock In Focus

These are the stock under my focus

MYEG

Beaten down till the immediate support level..Profit taking after recent break out, will accumulate slowly. So far not disappointing. Will see tomorrow.

BJAuto.

After beaten down and make come back after that...will see some pullback before enter again.

Don't overtrade and keep the losses low

Ye the human is never learn from the past mistake. Always do the same mistake now and then, However, the cost for mistake will be the expensive lesson to learn. Haha...When you think the stock will go higher and finally will go lower and wiped out all your gain. So sad. Some times we think we can make killing with certain and use a lot of bullet to shot but the end all the bullets gone astray.

Discipline and emotion must be control in investing.  The most difficult part is to control emotion and greediness.

Stock to look for today

BJAuto ;  massive down yesterday after VT placed out at RM3.20. So will see the 3.20 will be the support.

Caring ;; down a bit. No volume

TMClife : up and down a bit. Will charge higher??? maybe.

Deleum : no strenght to move. Oil gone down.. Keep in freezer

BIMB wa ;; keep...and add some more

MY EG : profit taking. May be add later. See this few days. Buy at support around 4.00.

THHeavy :  down a lot yesterday. Another down today???

Good reading for today

http://www.thestar.com.my/News/Nation/2014/11/09/We-say-white-coffee-you-say-latte-Fingers-are-again-pointing-at-youths-lifestyle-for-their-high-rate

We have to be able to differentiate between the necessity

, need and to show off in our life. So our future's  finance or budget will be  guided by our lifestyle when we buy something.  Either we become poorer or richer.

Discipline and don't be greedy.

I have done trading so many years and most of the time I have lost focus and discipline.  At the end, I become the loser in this game. So many mistakes  I have done before and these mistake might be repeated  again in the future.  Maybe. Human never learn.  Even we always keep reminding and tell them what the do and don't in trading/investing.


Most the top 20 actives stock in Klse are penny stock. Easy to manipulate and easy to make money.  Also easy to  burn our fingers. Looking  ffor the gem is not easy. Keep researching and study the stock behaviour before we buy it.

MyEg have broken the resistance level. Again,  sold too early.  Plan to buy back if it's going down to support  llevel. Expect profit taking next week.

Caring... I have bought at  1.48. Look like it  rebounded. Target will be 1.52.

Health is wealth

So long I didn't update my blog. I'm free but no idea what to write.  I also on medical leave due to my health problem.  So, my mind is occupied with thinking how to get back to work and how to get money to pay my medical bill and how to clear my debts. That why health is wealth. People should take care of their health so that it will not burden you in the future.

Market  is still in bull mode. I have few stocks but not so active like last time.  I'm still  learning how to control emotion, greediness and psychology of investing. So many mistakes I have done before. Thinking to make money but at the end I'm losing money.

Now I'm in the hospital writing this blog.  Haha.  Wish me to get well soon.

My stock : Deleum and TMClife