Friday, November 22, 2013

Insas Bhd, up 5.11% today....

Only idiots ask others for 'tips' on the stock market, and the bigger idiot gives them genuine tips... So when one of the other traders (who never bought stocks through the metereoric bull market rise) now wants to 'enter into stocks', he asked me. I just give the tip "Buy insas", which the typical response is "insas, nah, that stock never moves..."

Statistics show that most equity investors including professionals cannot beat thestock index. Studies have also shown that more than 80 % of day traders lose money mainly due to transaction costs and they select shares basedon hot tips. There are several reasons for their poor performance but  the most frequent mistake is ‘loss aversion’.  This is a psychological  obstacle which has been consistently affecting their performance  especially in view of the ups and downs that is the normal behavior of  the stock market.

0 Comments:

Post a Comment

<< Home


"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

fcpo.blogspot.com


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