I always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it.
I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly,...
Defensive mode is where you locked all your profits that you have made and you wait for that 30-40% pullback to buy and then sell in rebound.
No confirmation that the parabolic move will continue until a decisive breakout above previous all time high.
In this case, it will be better to be cautious, take profit and make the assumption that it is over.
It is too...
Anyone who thinks that they for 100% certainty knows what is going to happen to market is foolish.
Market is about probability and putting things in favour of yourself.
Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore...
Top Glove may go to even RM 20, this thing is going to go crazy.
This is capital flow.
This is how market works.
Follow the smart money.
Use Trailing Stop Losses. Get out when it is done and/or cut your profit/losses.
