*Official* MasterLeong Thread

[mcsane]

wah lan FCT up 2c.. thot can hit my TP and avg down

 

[Takodoro]

CCT getting more and more attractive liao.

@DK/ML, what are your average price for CCT?

 

[MasterLeong]

Cannot share so openly liao. Under-cutters everywhere.

ya lor, a lot of people play under cut...

but u are right, maybe should stop openly sharing cost price will be healthier ba

 

[MasterLeong]

@DK/ML, what are your average price for CCT?

1st post got show my cdp statement

I am currently sitting on 5% paper losses for telcos and reits

about 5-15% paper gains on banks

 

[Takodoro]

1st post got show my cdp statement

I am currently sitting on 5% paper losses for telcos and reits

about 5-15% paper gains on banks

I rmb in the 1.5x region? Any chance it would drop to 1.3x?

Considering people were saying no 1.3x no buy in early 2016 and if we calm down and analyze, not much had changed since then? Only difference now is interest rate hike, which I believe wouldn't have much impact in 1~2 year time.

 

[MasterLeong]

Mahjong is like playing show hand. Need "acting" skills as well as tactics.

I only played MJ a bit, but i realise a first things are key to becoming profitable

1) understanding of position, always good to have a fish on your left
2) knowing how to guard when in risky situations
3) managing risk vs reward... go for low payout fast win or high payout slow/lower chance win depending on hand/situations

things like that... I think MJ can be a very skillful game

 

[MasterLeong]

I rmb in the 1.5x region? Any chance it would drop to 1.3x?

Considering people were saying no 1.3x no buy in early 2016 and if we calm down and analyze, not much had changed since then? Only difference now is interest rate hike, which I believe wouldn't have much impact in 1~2 year time.

I can only say reits are already very attractively priced

no one can tell when is the bottom

do not expect to buy stocks and immediately see them go higher and higher

generally when you hold stocks, do expect 10-20% volatility (up or down) to be very common

 

[lewissac]

I only played MJ a bit, but i realise a first things are key to becoming profitable

1) understanding of position, always good to have a fish on your left
2) knowing how to guard when in risky situations
3) managing risk vs reward... go for low payout fast win or high payout slow/lower chance win depending on hand/situations

things like that... I think MJ can be a very skillful game

Having played mahjong for so many years, my offer of advise for anyone who started playing mahjong:-
1) Patience is the key here. The moment you lose your head, you're done.
2) Don't focus on your own tiles. Instead concentrate what tiles your opponent discard. It's far more important to know what are your opponents aiming.
3) Know the rules of the mahjong game, especially calculating points.
4) Don't focus on how to win (big). Focus on how not to let your opponent win (big).
5) It's okay to lose some game in the beginning in order to understand your opponent player style.

 

[Shion]

I only played MJ a bit, but i realise a first things are key to becoming profitable

1) understanding of position, always good to have a fish on your left
2) knowing how to guard when in risky situations
3) managing risk vs reward... go for low payout fast win or high payout slow/lower chance win depending on hand/situations

things like that... I think MJ can be a very skillful game

Low payout fast win when someone is keeping big tiles to make 4 tai and beyond...

Good if you are the 莊...can "diao 莊" again...diao until you make big combi...

 

[Shion]

Having played mahjong for so many years, my offer of advise for anyone who started playing mahjong:-
1) Patience is the key here. The moment you lose your head, you're done.
2) Don't focus on your own tiles. Instead concentrate what tiles your opponent discard. It's far more important to know what are your opponents aiming.
3) Know the rules of the mahjong game, especially calculating points.
4) Don't focus on how to win (big). Focus on how not to let your opponent win (big).
5) It's okay to lose some game in the beginning in order to understand your opponent player style.

Agreed

I only play max 5 tai so I like to aim for 搶杠 when I have 3 tai or 4 tai

 

[spenchua]

Hahaha.... mod please come in and explain this logic of undercutting.

Undercutting is nothing except it make one feel better that someone lose a little more than yourself...sad theory

 

[Perisher]

You guys wanna open a mj thread in money mind?

 

[goh6570]

Back to stocks discussion leh. MJ jin boring

You guys wanna open a mj thread in money mind?

 

[Shion]

You guys wanna open a mj thread in money mind?

Please forgive me for derailment

 

[kakashixx]

Cannot share so openly liao. Under-cutters everywhere.

How does undercutting affect your profit/loss? ppl cant undercut you if the price doesnt fall below your price either

 

[goh6570]

Agreed on this. Doesn't matter.

How does undercutting affect your profit/loss? ppl cant undercut you if the price doesnt fall below your price either

 

[MasterLeong]

Undercutting is nothing except it make one feel better that someone lose a little more than yourself...sad theory

at least I know in my heart i never undercut anyone

usually I will come out with the idea and then put my money into the idea, then I share it with u guys here hehehehe

 

[Takodoro]

Look at it this way.

How does sharing my cost price/average price affect my profit/loss? No one can have the intent to undercut if they don't know my cost/average price.

No point in sharing cost/average price ma.

If one open a thread, then I would expect one to be open about his price. If not how to attract viewership?

The same applies to blog/SGXcafe etc. The more viewership the more ad income as well.

Anyway got share is bonus la. If nv share also can learn a lot of things from seasoned investor here. I am just here to learn (and scoop bargains).

 

[MasterLeong]

How does undercutting affect your profit/loss? ppl cant undercut you if the price doesnt fall below your price either

by right is no effect

but psychological wise hard to stomach if people undercut you openly

 

[Takodoro]

at least I know in my heart i never undercut anyone

usually I will come out with the idea and then put my money into the idea, then I share it with u guys here hehehehe

Thats why I support you gao gao. Putting money behind your words is jin respect.