Trading Bursa - Trust No One Not Even Yourself

I had a reader yesterday who said he read my blog posting on RHB where I said due to the large fall in prices it would be best to stay out of the stock & so he missed out on what was a surprising & big rise in the stock. He must have been pissed off but he was very polite in saying he missed the boat bec he read my blog & didn't buy RHB although his instinct was to buy.

Here I must thank my many readers like Tii288, GLC & TC who came out in strong support of my blog & TA. Thank you guys, its nice to be appreciated.

H'ever the point I would like to make is that TA is NO GUARANTEE that you can get a trade right or wrong. BUT it is still the best method we have of making profitable trades. Yes we will miss out on some opportunities & yes we may even lose money sometimes but on the long term we will make money using TA. I have been trading since 1983 & I bet that is a darn sight longer than some of you, heck, many of you probably were still in diapers when I first started trading... 8))

I have lost money on so many occassions & I lost my pants in 1994 & 1997/8. After that I took up TA & thank goodness I have been making money since then. Sure I have still missed many opportunities but I managed to get out before any major falls & got in maybe not at the earliest stage but early enough to make money. I have tried the "instinct" bit & lost money 80% of the time, thats why I say don't even trust yourself bec instinct does not work.

But do not, I repeat, DO NOT just read a blog & then make a trade bec of what someone says in a blog. Go and learn TA & fundamental analysis as well. Be a master of the trade & not a slave of the blog! When you are good in TA then read what others have to say in blogs bec as good as you are you may still miss some signal or other & someone may have spotted it. Then check it out yourself & when you are certain that the TA is sound & the signals are good then make the trade.

But don't just punt, don't listen to rumours & worst of all don't use your instinct. Thats the sure receipe for losing everything.