tag:blogger.com,1999:blog-5222663171691806565.post6188678959465346572..comments2024-01-23T18:48:55.921+08:00Comments on Malaysia Personal Finance: Bursa Malaysia teaches Don't Buy And HoldMt.http://www.blogger.com/profile/11182268410762882679noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5222663171691806565.post-42805677385656833862009-10-11T17:15:43.864+08:002009-10-11T17:15:43.864+08:00good comment, I will need to think about this to s...good comment, I will need to think about this to see if I want to distinguish trader and speculator :)Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-91828687119002043732009-10-11T11:50:11.446+08:002009-10-11T11:50:11.446+08:00a trader who dont have a trading plan is called sp...a trader who dont have a trading plan is called speculator. Usually this people will lose money in the end up like a gambler.<br /><br />You dont want to be a speculator.period.<br /><br />For me, the way to earn money, is not to lose money, stealing word from Warren Buffet.To invest in the stock market in the long term is to make less mistake than other, because every mistake cost your money.<br /><br />There are two kind of mistake,good mistake and bad mistake.It just depend how u respond to a certain outcome.<br /><br />Let say you are a trader.you buy 1 stock and the price dropped 50%,but before it drop to 50%, u set the stop loss at 20%.You lost 20%,but u learn something.You will study why the stock dropped 50% and will not make the same mistake again.You get the money from the proceed and invest in other stock and you make money.You make a good mistake and will not make the same mistake again<br /><br />Let say you are speculator. Your best friend told u his insider friend's friend said this stock is going up at least 200%.You then put almost all the money in the stock and the share price drop 50%.<br />Because speculator never sell stock at a loss, speculator will keep holding the share.Speculator also lost opportunity cost of buying a raising price stock beside the 50% drop.You make a bad mistake, because u never learn why the price dropped and you will repeat this mistake again and again until you pokai.jasonnoreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-58696499639712248982009-10-10T14:47:22.708+08:002009-10-10T14:47:22.708+08:001 lot = 100 units, stock price $1.00 means $100 on...1 lot = 100 units, stock price $1.00 means $100 only woh.<br /><br />indeed, 'traders' is a good name, I just call it 'speculators'.Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-55874875581900670862009-10-10T12:03:10.738+08:002009-10-10T12:03:10.738+08:00The advice is meant for trader not investor.
Trad...The advice is meant for trader not investor.<br /><br />Trader buy then sell and take profit when reach certain price.<br /><br />Investor buy good fundamental stock and sit on it for as long as the stock still have good fundamental.<br /><br />Usually people are a mix of both.Of course Bursa want you to become a trader.<br /><br />For me I would not want to be a trader full time. Life is too short to look at ticker tape and LED light flashing across the screen. I would like to buy good fundamental stock, but no money to buy, even 1 lot ,it still cost too much.jasonnoreply@blogger.com