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.
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.
posted by emacro @ 11:41 AM
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