Grand Week for Trading Shares

This coming week, there would be many tradeable (gorengable) shares. I am watching out for the particular few sectors:-

(1) Water
(2) Gloves
(3) Commodities
(4) O&G

(more to come)

2 successful picks

I picked 2 stocks, i.e. KimLun (last Friday) & Tasco (today) and both have appreciated by 10% & more. The most important lessons in share trading is ability to cut-loss & desire to take-profit. I learnt my lessons too well & got burnt heavily 7 months ago. The arrogant of not cutting-lost resulted in heavier losses. No strategies are really workable in these situations as shares start to go downhill. If average down strategy is taken, we would have to fork out more funds to hold onto the particular share. This is not desirable especially in time of these economic uncertainties. Failure to take profit is also no-no as whatever you have gain in the share advancement is only in our fantasy or our dream only. And if any untoward incidents should occur, causing shares to go south, then it is really chialak.

My Goreng Universe

This is my first posting. A new adventure for a novice like me. This blog would deal with almost everything that is "gorengable" in this world. I would pay special intention to ventures that interest me the most at this particular moment :-

(a) Sharemarkets, mainly on KLSE.
(b) Collectable items, anything from Coke (60's, 70's, 80's), comics from 1930 till now, signboard etc.
(c) Swiftlet farming,
(d) Good makan areas.

I would start off on the current bull-run in our very own KLSE. Counters that I like ........

This week would be an interesting week in KLSE .... expect many counters to be goreng ..... too much funds from aboard.

I think they will goreng the plantation counters, some properties and some O&G laggards.

I started to dabble in shares at the begining of this years, got burnt initially then as time goes by, things started turning out better. In shares, the first most important lesson I learnt was learn to have the guts to admit defeat (for selecting the wrong counter) and immediately cut loss. I learnt this from my trading in Supermax shares in April & May. Costly & expensive lessons indeed. In time of this difficulty, it is difficult to be looonng term investors, or average down, or buy low & sell high, or basing your trade on TA, FA, or other tactics. I have develop my own tactics since June & I think I am doing pretty well at this moment.

I started giving comments & opinion on other people blogs but guess they are not too happy with me hogging their limelights. Thus, I set up my own blog. From time to time I would discuss on the shares that I am trading at this moment. But, a word of caution, this is not an inducement or encouragement for others to trade on what I have written. I shall not be held responsible for anyone's losses. Just see for fun and determine whether those that I picked are good or bad, or rate my success rate..... I will write on the stocks I pick tomorrow.... Just be patient.