Everyone makes mistake, including me. We make mistake, we learn and we overcome and not to repeat the same mistake.
The objective of this post is to remind myself the mistake that I've made in my trading.
Below is the trading mistake that I've made.
Myeg- Good fundamental, but highly related to politic company. In 2018, BN lose the election and PH took over, the share drop from RM 3 to RM 0.8 and I've sold the share in the lowest price!!!
Lesson learn - Do not involve in highly related politic company and not to panic when share price drop.
Ecoworld - Believe in leadership, low ROE and blindly believe that he will bring up the company. During that time, the Sales is triple but return is low. Share price drop from Rm1.5 to Rm0.4
Lesson learn - Instead of believe on the leader, please believe in yourself, your money and you responsible on it. No more low ROE stock!!!
Hibiscus - Bought because of the FCPO oil at USD70, believe that it will go higher again. Low ROE company as well.
Lesson learn - Commodity stock is hard to catch, if possible, do not play with commodity stock. Never trade with Low ROE company
Harta - Good fundamental, high ROE company. Due to pandemic, glove average selling price (ASP) goes higher. But sometimes we need to think about is it sustainable ? Bought in 12 and let go on 9, lose 4k in 1 month.
Lesson learn - Think twice before buy, look at EMA 200 whether the candlestick above or below the EMA 200,follow the trend and never against the trend!!! Do not catch falling knife!!!
SMG - 2017 bought this share until now, high growth stock. Change CEO and acquired more company to boost the earning. But share price keep dropping
Lesson learn - When high volume at high price, shows that the big players are leaving the market. Do not buy during this time. Low ROE and high intangible assets, please take note. Do not use 15percents to estimate the price, be reasonable with using 6%.
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