Monday, July 17, 2006

RM4200 lost last friday

You heard that right. I loose another 4200 Ringgit! Stock markets worldwide suffered sharp falls after crude oil prices rose to record highs, sparked by violence in the Middle East, breaching the US$78/barrel. The stupid war damaged my portfolio greatly as around 30% were lost in 1 day!

However, this is a very good opportunity for all you investors out there. Find and monitor good companies this few days and do buy at around the lowest price, as the price will eventually go up, technically. I’m finding a few counters right now and wanna know what? I actually felt glad the market goes down even at the cost of my expense. No worries, I can recover the money back, hopefully :p

For all you commodity traders out there, lucky you as the oil price are going up. Hope you don’t go short! Btway, I’m opening my futures account! For all you who don’t know what the hell I’m talking about, future’s account let u trade commodities and futures. It’s a different market from securities market i.e. companies shares and stocks. I suggest all noobs to find a mentor to coach you in expanding your know-how in this risky man eat man world of investing!

Friday, July 07, 2006

You win $ome, You lo$e Some

Hmm, well I’m not going to brag about how much I’ve made this time... for your information; I’ve made a loss actually. What I want to write this time is in making money from stock market, u must learn to control your emotion and lust for money. I want to tell you a story about my loss...

Last 3 days I’ve found a very good counter that have a good counter that can go up so I bought a 10000 unit which is equivalent of 100 lots. You know what? It did go up and I would be making 1100 ringgit if I sold my stock at that time. But guess what I did? I become greedy and bought another 100 lots at its almost peak price and the price goes down right after that day so I have to sell at lower price before it went down further and that’s how I manage to lose around 300 bucks! Imagine that!

Btway, it’s a good lesson for me as I learn 2 important lessons which are don’t act with your emotion, act with your brain and know when to get in and out of the market. I hope my situation will not be repeated by any of you. I suggest if u really want to be a professional investor, learn how to evaluate a stock fundamentally and technically which I’m currently studying and things started to look great! Till next time my friends!