*Official* MasterLeong Thread

[MasterLeong]

is that possible? how much do you plan to put in every year?

Just aim high to shoot far
If target 1 mil by age 40 and miss the mark by half for 500k also not bad
Hahahaha

 

[yihao93]

Wah average replying us on Gen chat thread siah
Tsktsk

 

[MasterLeong]

Wah average replying us on Gen chat thread siah
Tsktsk

I think he angry me liao hahahaha gg

cause I keep discouraging him on trading

but if he purely focus on investing, I sure support him max

1) buy stocks with good fundamentals
2) no use of leverage

 

[Genosis]

Just aim high to shoot far
If target 1 mil by age 40 and miss the mark by half for 500k also not bad
Hahahaha

Start Small.....but Dream BIG!!!

 

[Genosis]

I think he angry me liao hahahaha gg

cause I keep discouraging him on trading

but if he purely focus on investing, I sure support him max

1) buy stocks with good fundamentals
2) no use of leverage

Average didi....回头是岸 ah!!!

 

[MasterLeong]

average didi addicted in forex trading and cfd trading

leverage on top of leverage, no matter how I advise he also dont listen

I give up liao... gg

 

[Genosis]

average didi addicted in forex trading and cfd trading

leverage on top of leverage, no matter how I advise he also dont listen

I give up liao... gg

He wants to run when he has not even learnt how to walk yet.....

 

[MasterLeong]

He wants to run when he has not even learnt how to walk yet.....

when he kanna burn big big, he will learn and wake up

let the real world teach him ba

 

[Mancunian2]

average didi addicted in forex trading and cfd trading

leverage on top of leverage, no matter how I advise he also dont listen

I give up liao... gg

if done correctly, can be very lucrative

but must 练功 minimum 5-10 years - technique + psychology - before can be successful

 

[MasterLeong]

"Dow opens at record as oil rally helps Wall Street shake off Italy's referendum"

US super bull liao

who was the bear in fear of italy de ah LOL

 

[Maeda_Toshiie]

if done correctly, can be very lucrative

but must 练功 minimum 5-10 years - technique + psychology - before can be successful

IMO, trading is best done if you can control yourself like a machine, or you use a machine* to do it.


*I know of some people who use algorithms to do forex trading.

 

[MasterLeong]

if done correctly, can be very lucrative

but must 练功 minimum 5-10 years - technique + psychology - before can be successful

can but very very few are successful
https://www.quora.com/Do-90-of-day-traders-lose-money
90% who trade will lose $$ in the long run


but 100% of people who simple DCA index can make $$$ for sure in the long run

 

[MasterLeong]

IMO, trading is best done if you can control yourself like a machine, or you use a machine* to do it.


*I know of some people who use algorithms to do forex trading.

nowadays trading is hyper competitive
mostly is all bots fighting it out already......

humans no chance already

 

[MasterLeong]

that's why I not into active trading... I prefer only only purchase good companies that are undervalued

a simple but very rewarding method that I have been using for a decade already


like u hoot a solid blue chip at 30% discount to book value like GLP was at 1.80...fundamentals were good, and company was doing share buy back...the odds of making money will be far far far higher than losing more
like 90% huat, 10% lose...

repeat this kinda purchase many many times, sure huat one

the key is training up the ability to spot such good deals

cheers

 

[Genosis]

"Dow opens at record as oil rally helps Wall Street shake off Italy's referendum"

US super bull liao

who was the bear in fear of italy de ah LOL

Many people are not living their dreams because they are busy living their fears......

Fear is an invisible prison...

 

[MasterLeong]

the opposite of investing is trading/speculating

buying base on news/rumours or charts... makes no sense to me... it can never be a reliable way of making money

 

[Shawny88]

is that possible? how much do you plan to put in every year?

Have about $50k in cash to start my adventure. Planning to put in about $40k/yr if the market allows.

 

[yihao93]

Hmm but what if forex and cfd is his style of trading ? Just like how yo felix yours is value investing ?

Then surely there's nth wrong with what's he's doing ?

 

[wahkao3]

that's why I not into active trading... I prefer only only purchase good companies that are undervalued

a simple but very rewarding method that I have been using for a decade already


like u hoot a solid blue chip at 30% discount to book value like GLP was at 1.80...fundamentals were good, and company was doing share buy back...the odds of making money will be far far far higher than losing more
like 90% huat, 10% lose...

repeat this kinda purchase many many times, sure huat one

the key is training up the ability to spot such good deals

cheers

agreeeedddd

 

[MasterLeong]

Have about $50k in cash to start my adventure. Planning to put in about $40k/yr if the market allows.

can consider monthly DCA