Monday, 7 September 2015
Are Future Market Crises Our Opportunities???
How ready are you?
How prepared are you?
How lucky are you?
When Uncle8888 thinks back ...
He was quite lucky to start seriously in Jan 2000; it was just 1 year and 9 months wait to get his first shot at market crisis opportunity to bet it bigger for Kep Corp @ $1.32 (A bigger war chest will mean that we will have more financial muscle to make it bigger) and then round after round. Till today it still remains as his oldest, largest holding and highest yield on investment cost.
One year later; he caught his No 2, Sembcorp Ind @ $0.73; and then one year later; his No 3, DBS @ $7.53
6 years later in 2008/2009; he was caught unprepared (The Truth) and unlucky (The Feeling Good)!
Opportunities in the stock market in 2008/2009?
What opportunities?
Only have Fear and Worries!
He was busy sweating, cutting losses; switching horses and staying awake many nights wondering how and why he was so stupid!!!
So my sifu is right!
It is far better to regret not making more money than to feel sorry of losing your hard earned money.
My sifu started trading and investing at age of 18 following the foot-steps of his father into the stock market.
Choose Regret or Sorry?
It is in our own hands. It is our own making!
temperament,
ReplyDeleteIt's also another way of saying I need to improve on my entries and exits ;)
Money is made only when we EXIT our positions.
Hi Uncle CW8888,
ReplyDeleteAll crisis can be opportunities but all opportunities can also be crisis. Losing money will always be more painful than not making more money. So, how to avoid losing money? Hehe.
Hi Uncle CW8888, yes i agree. Just a few months ago I was sitting on paper profits and thinking investing is a breeze... then came 'black Monday' and turned my paper profits in losses lol. Have been buying some more beaten down counters slowly and after buying they were beaten down more. Aiyo... bear time is really bad for confidence! :(
ReplyDeleteNot yet Bear leh
Deleteuncle. not yet meh?
Deletemy portfolio already down 17% liao.
Technically, a bear market is beyond -20%. So we're only in a "correction".
Deleteok I am always direct... bear with me..
ReplyDeleteone eg of the true bear is when so many (majority) bloggers here r so sad that they will not even have any mood to write articles or to comment anymore!
Let alone joke my portfolio down how many %! Frankly I may be very quiet online when that happen... u never know...
So those who still stay calm will continue to work well in their career and have good hobbies eg generate good post if that is one of the things they like..
True!
ReplyDeleteMy favourite blogs that I have visited daily and few times per day doses went dead e.g.
Top Trader become Out,
ExtraOrdinaryProfit became ExtraordinaryLossess,
Chief Trainer and Chief Strategist of School of ChatWhatEverWin better shut up and teach;
Dr X is a PhD in Satellite Communication who has understood the Language of Stock Marke went dumbt;
and W4NoGo went to jail, etc
The Power of Great Bear!
Like Temperament said: LEFT is key across market cycles of Bulls and Bears!
Later Grasshopper said why you fly with one wing arh?
ReplyDeleteCW,
ReplyDeleteIt's just semantics.
You are flying with both wings too.
Taking money off the table is a long cash/short equities trade.
That portion of cash rotting in bank has now "outperformed" your equities portion of the portfolio.
Those 100% vesting in shares now are the ones who are flying with one wing ;)
It's also another way of saying we have hedged our positions by raising cash.
Why would one raise cash if one is totally convinced the market will go up?
temperament,
ReplyDeleteMany like to quote "time in the market".
What you say is very TRUE.
Market is always be there; if we are no longer solvent, "time in the market" does not apply.
For me to realise this truth, I paid a heavy fee. Lucky this fee was paid when I'm in my 30s... Not when I'm in my 60s or 70s!