My answers to d below statement which posted by a mom teller >
A successful trade is made up of two parts ? a buy
> and a sell. But nobody
> talks about how to sell ? how to successfully exit.
> Good traders understand
> this? Good traders understand that it's not just
> about buying a "low P/E"
> stock, or a stock with a big pile of assets.
>
> In order to have extraordinary performance, good
> traders know the importance
> of these three items as well to their investment
> success:
> 1. The importance of exits to your profits and
> losses (i.e. trailing
> stops) 2. The importance of position sizing to your
> equity (so you don't end
> up like those PhDs) 3. The importance of discipline
> (assuming total
> responsibility) to make it all work.
>
> Once you understand and implement these key items,
> your investing success
> will improve tremendously. You may just trade your
> way to financial freedom
First answer to his " how to successfully exit ", look at my portfolio, there is a portion of "realised profit ", doesnt it tell u how to successfully exit ?
2) Importance of position sizing , look at my cash in hand n stocks in hand (ratio almost 1:1, dont forget my initial capital is only 180K!), doesnt it telling u how i did my position sizing ?
3) The importance of discipline, well well well, this one i like d most, from my pass posting, u can clearly see i dont chase stock at high especially stocks that already gone up >30%, second, i always buy on dip esp during mkt correction, 3rd, i dont buy in stock that over value which PE >15,(for penny stocks, not stock like maxis,topglove,KNM,genting....) , fourth, i dont sai lang my cash in hand to buy stock when mkt gone crazy ! fifth, i dont listen to unsense recommendation n calls, such as Icapital calling KLCI2,000 by end 07 b4 CNY, did u see i jump in with all my cash in hand after d unsense KLCI 2000 call ?
Dont tell us by theory , why dont u create a blog n show us yr 3 important items in pratical ? I will surely be your first blog member if u hv one ^V^
Btw, know what is d difference btwn trader n investor ? investor see value n buy (mid n long term ), trader see signal n buy ( short term ), if u buy stock rely on signal, of course d importance of quick exit is essential, if u buy stock bcos of its value, exit is only matter of time ^V^ I presumed smart guy like u should be able to catch what i said ^V^
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