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Monday, October 17, 2011

Trading with emotions is dangerous

Dow Jones dropped 247 points. Is KLSE going to follow ?

I have been trading for 8 months and yet, my emotions are still overwhelming me. When they do, I did stupid things.

Yesterday, I bought Armada-CC. I told myself not to buy, but my emotion said it otherwise. Now I am in losses and KLSE is going to go down later due to Dow Jones.

Why this happened?

Well, I lost alot of money in MBSB-WA on August. If I keep holding it until today, I would have profit instead of cutting losses. But again, who knows the future? I would have started to think again. Is cutting losses really a necessary thing to do? I come across many people with AFFIN-CD (if I am not mistaken) they complain of cutting loss. If you are still holding it, it would be a profit instead. Many experts told me to cut loss and I did. Well, when this happens, you can't blame the expert but yourself.

What's my feeling now? It's just like MBSB-WA slapped me on the face, twice, or thrice. Cut loss la! take that bitch!

This is why, trading with emotions is very dangerous. Why this happened?

1. You sold a stock too early.
2. You missed a stock that shoots up high. Very high
3. You missed the rally.
4. You come across people saying that they earned 50% during the rally while you are not.

I need to calm down.

Calming down.
Calming down.

Okay.

I will cut loss ARMADA-CC if it mother goes down.. I'm probably going to make losses around 20% ..
Well, it's a call warrant.


RAMUNIA: Director disposed his shares? 10 million shares. Hmm gonna reverse soon.

HWGB: Goreng of the day. Big volume yesterday. went up 6 cents. Wow. Big winner. Will it go higher today? It has uptrend in every indicator. The repeat of Jan 2011, which from 30 cents to 90 cents?

E&O: Closed at 1.52 Buy? TP 1.56, 1.59. Indicators shows all positive.

Other the rest, I am still now sure, maybe you guys can recommend?

Thanks for reading.


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