Good telegram ideas - 100 baggers, buy and hold.
Simple things in life is best
Trying to outsmart mr market is an exercise in futility. If they go crazy, the is nothing you can do.
I really don't care much about what institutions are buying and selling
Who is including what in msci
All those are useless distractions
A pure waste of time and effort in the long run
If you ask any technical trader, they will tell you the most important thing is your stoploss protection
And protection of capital
This means that they already know and accept that they are going to be losing money
And their hope is that they get more winners than they do losers
But if you ask yourself, which is easier? To just buy and hold hartalega and topglove for ten years
Or to buy sell buy sell buy sell pips
Those who have listened and followed this advise and investing method would know what I mean
https://klse.i3investor.com/m/blog/philip2/2019-01-22-story-h1456976645-StoneCo_IPO_How_I_use_business_sense_to_understand_why_Berkshire_finall.jsp
Take this stock for example, when I first posted this stock, everyone was saying it is overpriced and not worth buying etc, Jin Hou said that he found something similar that was cheaper and valuation ( may I finally know what it was?), And in a way he was right, as the share price had gone very high up, and went very low down a few times since the time I bought it. But now, 2 years on, what do we do see? The share price going from 20 to today's price of 74 USD.
What does it tell you? Being able to buy and hold great companies is far more important than "diversifying risk" which is the core mental model of traders and penny stock investors
Traders know they are losing money, so they buy even more stocks to minimize risk. Penny stock investors also know they are losing money, thus they also buy even more penny stocks to minimize risk.
But does this really sound rational to you?
If you own a mcdonald's drive through in the the middle of federal highway, would you really want to sell for a measly 5%?
If you don't do this in real life, then why do you this when buying stocks?
So the right mental model to make real money is to do the total opposite, instead of trading so much and make small money, or buying so many penny stocks that don't go anywhere, instead of buying stocks without even understanding what they do, why not be rational and think first.
Flip the script, instead of buying 100 stocks and understanding 1, why not try to understand 100 stocks and finally buy.... 1.
Put your area of competence into it
I can guarantee you will enjoy the same returns that I do over time.
Books to read today.
Apologies for the long delay in writing articles. I seem to be sharing and answering too many questions on telegram to the point that I have been neglecting my readers here.
My trackable portfolio
https://klse.i3investor.com/servlets/pfs/120720.jsp
My foreign positions now:
Stoneco bought jan 2019
Palantir bought Nov 2020
Uniqlo. Bought April 2020
Sold positions
Feihe. Sold oct 2020
Novavax sold oct 2020
https://klse.i3investor.com/blogs/Telegram/2020-12-01-story-h1537329852-Good_telegram_ideas_100_baggers_buy_and_hold.jsp
