Summary for Jan to March

Since I just started my blog, I posted my tradings from Jan - Mar for references.

IOICORP

Buy - RM 5.49
Sell - RM 5.49
Lost - Trading charges around RM 0.07 per share

I thought it had broken its strong horizontal rsistance at RM 5.50 and pulled back. However, the stock didn't make a higher move from here but instead hovering at RM 5.50. I decided to sell it to avoid risk when Greece debt is in problem. Then market crashed and IOICORP hit RM 5.00 before bounced back.
















GENTING

Buy - RM 6.29

Sell - RM 6.80

Net Profit - RM 0.43 per share

GENTING share price drifting lower since the Resort World Sentosa opened before Chinese New Year. I have expected this to happen but I never expect it to drop so much. In stock market, we always hear people saying "buy on rumours, sell on news". When Genting hit RM 6.20, it was traded in large volume for the next few days but price remain in RM 6.20-RM 6.30 range. At this time, MACD start to hook up and this indicates the price might stop falling. I bought at RM 6.29 with stop loss at RM 6.20. This is very tight stop loss as GENTING might continue to fall if it falls below RM 6.20. Luckily, GENTING made a strong rebound, it rose to RM 6.90 but failed to surpass it then I sold at RM 6.80. Currently, GENTING seems like going to test its low at RM 6.20 and a double bottom formation might in the process provided the volume remains low when it is falling to RM 6.20.

Work, Save and Invest

I know that work can earn me money for my daily life and save for the future. However, I believe that I will have no future if I don't invest. The fixed deposit interest rate of 2.25% now is much lower compare to inflation. Everything getting expensive but we are told that the inflation still under control, don't worry! Well, bread, sugar, pork and petrol is on the rise but my salary no! So, I never think that inflation under control.

Many people might think that FD is the best to invest because it is much safer compare to stocks, comodities and unit trusts. Anyway, I don't consider FD as an investment, this is just my personal opinion, you might not think so. I never touched unit trusts before because I feel uncomfortable that I can't have immediate control. As a conclusion, I prefer stocks where I can buy and sell on my own. However, choosing a stock is never an easy task. I can recommend you a book "How to Make Money in Stocks".

Reading an investment book can get more knowledge and investment ideas but book only covers theories, you have to do the practical job, haha...When you earn, you will think you are smart! When you lose money, you think you bastard, why you want to invest in stocks. Stock trading/investment needs patience, analytical skills and etc. These apply to long/medium/short term investors. Most of the time, I am medium term investor but I only follow and listen to the market.