*Official* MasterLeong Thread

[jmapsmylife]

Hopefully ba

Its ok dun worry too much. at least you are holding quality stock. I also started this year and im holding proccuri. dropping to the bottom with it.

 

[yihao93]

correct me if I'm wrong. From my memory, you asked ML for advice on reits 1-2 weeks ago before the news about rate hike right?

In this thread ML keep asking people to follow him buy reits, despite a few of us have warn that rate hike is 99% gonna happen and there is no need to buy reits yet.

Hope u learned your lesson.

LOL
If rate hike is the reason to not need to buy REITs yet then one is never gonna buy REITs cause there's always the next rate hike

In before miss boat

 

[Maeda_Toshiie]

:/:/ Haix haha maybe suan le lo idk now being to read books liao :/


I bought cmt Cct fct Mct Vicom and tq5

Drop >11%??? The REITs didn't dropped that much since last week.

 

[roflolmao]

Sent from using GAGT

And cmt

what is this satki platform that tells you your portfolio beta?

 

[Maeda_Toshiie]

correct me if I'm wrong. From my memory, you asked ML for advice on reits 1-2 weeks ago before the news about rate hike right?

In this thread ML keep asking people to follow him buy reits, despite a few of us have warn that rate hike is 99% gonna happen and there is no need to buy reits yet.

Hope u learned your lesson.

The year end rate hike was 99.999% known and mostly priced in since everyone expected it. Anyone who was alive back then was aware about it.

 

[lewissac]

Drop >11%??? The REITs didn't dropped that much since last week.

Yeah. Since REIT start lao sai last week, my average P&L is about -4.5% too.

 

[yihao93]

Yeah. Since REIT start lao sai last week, my average P&L is about -4.5% too.

U all sibei exaggerate
Simi laosai

 

[lewissac]

U all sibei exaggerate
Simi laosai

OK OK... I use da bian next time

 

[wiz]

I hope you guys understand the turbulence of equities 5 to 10% up/down is normal if you are going to lose sleep over this then I highly recommend that you stop. You are just emotionally and perhaps financially not ready or suitable

 

[mazatsushi]

:/ 11% so far w closed

-11% don't scared.

My own portfolio was down up to -25% at many points earlier in 2016 before averaging down monthly.

If you are losing sleep over this though, it means that you ought to get a diversified bond fund to reduce the portfolio's volatility.

 

[Maeda_Toshiie]

If u buy reits recently and it is down 10%, thats scary...
e.g. buy CMT at 1.95, drop 10% = 1.755

The fact is, this has not happened yet?

Nope. For CMT to hit 1.755, you need a rather big correction in the stock market.

 

[juventusfc27]

Can claim compensation from MasterLeong ma? LOL

 

[dolph001]

what is this satki platform that tells you your portfolio beta?

sgxcafe.com

 

[juventusfc27]

Would it help if one were to look at charts and NOT enter at historical highs?

 

[Daimon]

Yea. Read the Reminisce of a Stock Operator.

There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among professionals.

I never lose my temper over the stock market. I never argue the tape. Getting sore at the market doesn’t get you anywhere.

They say you can never go poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand I made two thousand. That was what my conservatism did for me.

Remember that stocks are never too high for you to begin buying or too low to begin selling.

A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street…nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!

Losing money is the least of my troubles. A loss never bothers me after I take it…But being wrong—not taking the loss—that is what does the damage to the pocketbook and to the soul.

Prices, like everything else, move along the line of least resistance. They will do whatever comes easiest.

The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you hope that every day will be the last day—and you lose more than you should had you not listened to hope—the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. And when the market goes your way you become fearful that the next day will take away your profit, and you get out—too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts…Instead of hoping he must fear; instead of fearing he must hope.

 

[dolph001]

:/ 11% so far w closed

Sent from using GAGT

1. Drop your goldmine and don't touch such high risk high reward counters?
Of course it's still your choice. You could reduce your allocation to risky investments as well.

2. You are holding too many shopping centres.

3. -11% is part and parcel of a typical portfolio in any given year. I have weathered -25% before. With a low capital base, -11% is only a few thousand. Imagine when you lose 11% when you have a 500k portfolio. If you are unable to stomach such losses, I suggest you allocate more of your total portfolio to fixed income securities like bonds and preference shares.

 

[ckboyz]

If u buy reits recently and it is down 10%, thats scary...
e.g. buy CMT at 1.95, drop 10% = 1.755

The fact is, this has not happened yet?

those two different screenshoots are misleading. Only -3% paper loss for reits. my previous comment is purely based on memory without digging.

But now with some digging on his closed position, my advice to loreal is not to copy people's trade. Better to do some research on your own.

this is his profile.
https://www.sgxcafe.com/user/profile?username=fallenangel

 

[ckboyz]

Can claim compensation from MasterLeong ma? LOL

If wanna claim, i think he needs to claim from the whole SSI lol

 

[dolph001]

Would it help if one were to look at charts and NOT enter at historical highs?

Highs can break and go higher by many folds.
Lows can break and go lower till almost zero.
Where it goes you'll never know until time unfolds.

 

[Weaboo]

Omg another goldmine holder!!!!