kennynah wrote:u wana be a complete student of canslim method, you must accept that "buy high and selling higher" is the way to go.... second guessing it, is to accept some and throw away others in O'Neil's method. this wont do...
Aspellian wrote:Dark clouds blown away. Weatherman not accurate - but what can we do if the prediction not right? Of cos we dun argue with the sky. at most scold the weatherman, but hey - at least he's right 2/3 of times.
Putting raincoats on standby. Going out to fly kite liao - sunny day... <but still got dark clouds on the horizon, (distribution days still high)> - raincoats always on standby.
Aspellian wrote: Invest in growth stocks to have max impact (eg. Revenue and profits growing at >50%)
winston wrote:Aspellian wrote: Invest in growth stocks to have max impact (eg. Revenue and profits growing at >50%)
Hi Aspellian,
It's very difficult to find companies that are growing at 50%. Sometimes, the books are also cooked as well . I'm happy with just a 25% growth company that has a sound Business Model, with margins of > 15%.
Take care, Winston
Aspellian wrote:The past one year has break my pride and ego, making me into a better person and investor.
My key lessons of past one year are as follows (in order of importance for first 3):
- dun be greedy : never leverage/borrow to invest :– it will impair your judgement and one will be a slave to greed
- Market timing is very important; invest with wind behind your sail; dun be garang and swim against the tide. When tide turns, get out of market
- Always cut loss eg. 7% of purchase price – market has again shown you that you buy at the wrong time or the stock is a rotten apple, why go against the market? (again)
- Never average down; market has already shown you are wrong, why must you go against the market??
- Let your profits run!
- Multi-baggers are formed during uptrend; Multi-beggers are formed holding stocks through downtrend
- Invest in growth stocks to have max impact (eg. Revenue and profits growing at >50%)
- Buying at right time is important (eg. Price/volume action when market in uptrend)
- Market down, short market.
I will invest based on these principles from now onwards!! Thank God I learnt something after all the trials. I will be humble and learn more new things.
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