Tuesday, March 28, 2017

AFFIN
We bought into this stock sometime in November 2016, and a few weeks later the Ringgit started 'crashing' v the US Dollar. Entry was around 2.15-2.16.

The mass sentiment was very poor towards the stock market due to perceived currency crisis....

This is how investing works, be independent and take a view on what one expects the newspaper headlines would say SIX months later! The money is made six months ago, echoeing the words of Jesse Livermore, "The money is made in sitting, not trading"

The exchanges and brokers all project the scenario that lots of money can be made from ACTIVE trading. Fair enough, but more often than not active trading leads to ruin.

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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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THE END OF AN ERA

From Dragons and Bulls by Stanley Kroll
Intro 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/a>
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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system