The Problems With Retail Traders/Most People
I always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it.
I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily.
And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude.
Therefore, the status quo will remain.
Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional.
For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people.
And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever.
I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers.
Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care.
From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand.
The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy.
But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do.
Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money.
Regards.
Don't message or comments, I don't read them.
I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily.
And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude.
Therefore, the status quo will remain.
Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional.
For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people.
And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever.
I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers.
Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care.
From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand.
The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy.
But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do.
Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money.
Regards.
Don't message or comments, I don't read them.
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