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| How they manipulate the KLCI index (Aug 15, 2012) |
The above snapshot should very well explain why I personally despise our local stock counters. I'm actually quite furious about this kind of FUNKY CLOSING(s) for KLCI.
TOTAL MANIPULATION !!
I haven't even show the charts on CYBERT, GPRO, E&O....etc. Their
market capital can go doubled, then halves, all within a matter of a few
weeks, if not days.
One friend commented on my previous post, saying that he dislikes
Futures, & is now enjoying charting on good fundamental stocks in
KLCI.
Well, only by manipulating certain GOOD FUNDAMENTAL STOCKS, will our beloved index rocket up within the last miute of trading like that.
From what I observed & experienced, the ONE & ONLY ONE WAY to investing in our local stock market is to follow....
The WARREN BUFFET Way of Investing:
Buy a good company with potential GROWTH PROSPECT, spare 10% of your monthly income to invest in it for the next 10-20 years.
Investment objective: Beat inflation, Dividend income, Retirement fund
Other than that, there's hardly any chance for retailers like us, without any UNFAIR ADVANTAGE of getting FASTER & MORE 'ACCURATE' INFO, to make money from KLCI stocks.
For those faithful local stock investors out there, follow the Buffet style.
Otherwise, sorry for being blunt, but I really wish you all EXTRAORDINARY LUCK to profit from this manipulative market.
Just a post to refute those noises that bothers me recently.
Again, I'm not advocating everybody to jump into futures market, but we have to ACQUIRE MORE & MORE KNOWLEDGE...
Just so we can BE AWARE of / IDENTIFY 'funky happenings' in the market, & be able to give ourselves MORE OPTIONS to make a more INFORMED DECISIONS.
The same applies to all other decisions we made in life. This is an information age, know more, because:
Again, I'm not advocating everybody to jump into futures market, but we have to ACQUIRE MORE & MORE KNOWLEDGE...
Just so we can BE AWARE of / IDENTIFY 'funky happenings' in the market, & be able to give ourselves MORE OPTIONS to make a more INFORMED DECISIONS.
The same applies to all other decisions we made in life. This is an information age, know more, because:
KNOWLEDGE is MONEY!! ------ Robert Kiyosaki, Unfair Advantage
Only then, we can...
Hunt Happily!!
Enjoy!! :)
Yep, I agree with what you said. For the local counters, focus on steady companies for long term investment.
ReplyDeleteExactly! Thanks Omecool20!
ReplyDeleteHappy Hunting!! ☆〜（ゝ。∂）
Hihi,I have read your blog for a while..quite impressive on your courage to turn yourself into a full time trader, gambatea and all the best ya!:)
ReplyDeleteAnyway, would like to ask your opinion of attending some trading course..do you think it help? Interested to join Conrad Alvin Lim course coming October but not sure it worth..would you mind to give some opinion? Thanks anyway:)
Thx for the wishes! :)
ReplyDeleteU have checked out Conrad's course preview?
I think it helped me a lot in understanding how one instrument reacts with another, how supply/demand of commodities affects the whole market.
I'm not sure whether that might be bcoz I din do a degree on Econs/Finance?? But I guess most people don't have a very clear idea how the "Market" actually works....
& Most importantly....
How a REAL trader works his trade, & how he approach the market & make a living out of it.
I attended many courses, but only after his coaching I realized becoming a full-time trader is not a dream, it can be practiced as any other Profession, just on a more flexible time frame, & freedom to not answer to anybody.
That's the main 2 reasons I chose full-time trading over my bank job! :p
Yup..I attended Wealth Expo 2012 last sunday and listened to his course preview..definetely his talk is great and attract me..
ReplyDeleteAnyway,to be honest, i did sign up for some course before but it don't really help..it make me a bit lost confidence..
But I do feel Conrad is good, just the previous not-so-good experiences make me hesitate..anyway, i think will sign up for the course since you recommed him as well..haha, i don't know why but i do trust you even though i just one of your reader..maybe because i could feel something "real" from your blog? I think to be a trader it need not to win all the trade, but it has to be real and trustable..
Thanks for your reply,share with you again after the course:)
Last check the Oct workshop is FULLY BOOKED!!
ReplyDeleteHope you can still fit it!
Another advantage is to have the like-minded people around you to keep you going during the down days....
Congrats on the decision made.....See you soon! :)
What u said is true, i hate to monitor movement of the stock
ReplyDelete