Tuesday, July 24, 2007



20070724 POSHLDG, suffered from a battering from 'traders' who got spooked by the Transmile scandal and cut all their positions at RM4.20 and below. The truth of the market is that those under the kosh of having the mindset 'to perform' and 'have to make money' mindset will always lose out. A value orientated player wouldn't have flinched to step in and take the stock off the weak hands that were jittery and influenced by the day to day fluctuation, caused by rumours, inuendo, research opinions etc. A lesson to have the proper 'philosophical' mindset when investing in stocks. The operative word is 'investing'. 90% of those who try to trade the stocks will lose all their money, while only 10% succeed but the way to wealth building is to be in for the long haul. In that event, while those 90% are scrambling to 'trade' for the normal return, the longerterm player (who had entered years before) would look for opportunity to unload to them.

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system