This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
I wanted to deploy to buy some stocks in Friday morning but most trading systems were down due to heavy traffic.
ReplyDeleteBy noon, it rebounded strongly and miss out the first shot.
Not sure if there will be more of such drop but oh well, just have to wait again. Maybe I should have just key in the trade the night before so that I won't miss out such opportunity
If this is a dead cat rebound, next week you may get it cheaper and smiling. That is life when market is volatile. Just read some people began to worry on margin call in their leveraged account. Is the worst over for those leveraged yield in low rate environment? Low rate is not margin call protection.
DeleteCW,
ReplyDelete20 years.
Imagine if you gonna live to your 80s, that's another 20 years!!!
If we're lucky, we may see another 2-3 bull/bear cycles (7 years cycles) ;)
How's that for wash, rinse, and repeat?
So choy! Spit, spit, spit.
If this is your last chance, that means we gonna have the same fate as Japan!?
Imagine for the next 30 years STI will never retake 3800 ever again :(
L-shaped roti-prara like in the 1930s until we get world war 3 for stocks as an asset class to recover?
Choy, choy, choy!
Hi SMOL,
DeleteI think Uncle8888 aims to achieve 10X initial capital this time round .... legacy for grandchildren secured liao. Can close shop & finally retire! :)
Future bear / bull / bear no more concern liao LOL!!
LOL!
DeleteHonestly, we won't know if it's where bounce or it might get worst. No crystal ball can guide us at all till it's over.
ReplyDeleteWhile I agree there's a possibility that it might get worst as Europe won't be able to get their acts together as human are always selfish. But who knows it might bounce too.
Maybe CW is right that another margin calls might be there next week if it goes down further where the selling pressure will add up substantially. With algo trading to speed up even faster than it used to be. Maybe there's might be my chance to invest.
Only hope and wish for the virus to beaten down by man kind