I have recently make a paper profit of RM 26,000. Am I proud of myself? The answer is no. Whatever come in fast and go out fast as well. The most important in the art of trading is being consistent.
A recent colleague of mine by the name of Leslie asked me what is the best stock to buy now. Holding a professional job with a degree graduate, Leslie is unable to decide on what stock to invest although he might be holding few hundred thousand in its coffer. Well I told him for him to start making money and learn the art of trading, he better be prepare to lose big money first.
However, my advise for him is to stay out of KLSE market at this moment in time, as most of the stocks in KLSE are already over priced and the risk is too high to enter at this moment.
I am currently still holding this stock as I believe that this stock will bring me a profit of at least 30% before I decide to realise my gain.
The chart above is currently showing a very strong and nice upward trend coupled with all the positive technical indicators. Fundamentally, this stock is also turning around in its business and with huge revenue potential in the coming future.
I am currently waiting for a big push by the operators/speculators with their high adrenaline rush before I will take my profit as most of those operators/speculators will have to cover back their long position.
Anyway stay tune and I will update all when I sell this stock and take good profit.
PS: By the way, this stock is not a KLSE stocks.
1 comments:
Anybody can guess what is the above stock?
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