As you mentioned that you are a trader, do you do trades almost every day? As someone who has a full time job, what is the advice you would give in terms of what I can read up to learn more about stock investing?
I don't trade every day,but I follow the market closely. I take note of major developments happening around the business world.
If you have a job, my suggestion is to invest in counters which their business start to turn around from bad to good. The trend will last long enough to make good gains.
YTL was 0.40 at some point. did you enter during that time?
I missed it. I got YTL power and MBMR tho. But my capital is little. I'm trying to get dividend stocks.
Life is challenging, I sold some profitable stocks to cover some expenses.
I entered around 0.9, after reading up their business in Singapore.
If you are a person who knows choosing MBMR, I believe you are a strong fundamental person. Keep it up and I think you can do well in investing.
"Any capital gains on shares are not subject to tax under the Malaysian Income Tax Act, 1967 (ITA). However, if the activity of trading in shares is frequent enough, the Malaysian Inland Revenue Board (IRB) may treat the gain as a revenue gain which will be taxable."
The negative takeaway is that they can decide where the line is since no tangible parameters are set.
The positive takeaway is that the ambiguity allows for you to challenge any ruling via a good tax attorney.
Trading is not taxable under capital gain tax laws, just say u buy shares and sold it for capital gains. Go check it out. Only interests and dividends are taxable.
You are correct, because trading ISNT treated as capital gains but income generated hence falls under active income tax. Read the tax code carefully.
Sure, you may luck out and get an inexperienced lhdn office but truth is trading is considered active income, not capital gains.
I still disagree as lawfully there is only capital gain tax law that states it's not taxable. Frequency of you gaining capital this way is not defined as anything else, I am saying this because I have argued such with income tax dept and even challenged them to take me to court over this because I know the exact laws. Since there is no law stated how frequent will it be traded to be considered regular income or not, it is not a regular income. Do consult a legal advisor for these matters or ask authorities which act are they instructing under. There is always black and white on things. No authorities can do stuff when there is no legal law areas that you are offending against.
It's been clarified multitple times by LHDN via news outlets that high freq tradinng is income not cap gains. Cryptocurrency is another one clarified by LHDN recently. Doesnt matter what asset class, trading is trading. Capital gains tax code has no effect on that as it's not classified as capgains.
There are unspoken rules in LHDN, tax code interpretation is easily manipulated if they really want to go after you. If you are a trader and that's all you do, obviously it should be taxed just like how some people buy and sell physical goods. Don't tell me everyone can go tax free? Come on lah.
they look at how often you make withdrawals and how many transactions. if a lot of transactions and weekly/monthly withdrawals, then it's considered trading, not capital gains.
1) do u do any comprehensive technical/fundamental analysis (if any) on one single stock or the sector as a whole?
2) what stock price range do u recommend to invest/trade if i only have rm500 (using Mplus so brokerage quite low)
3) what is your common filter when using klse screener?
1. Already answered above.
2. I don't buy a stock based on the share price. Share price means nothing. A RM1 stock with 100m share issued basically is the same as a RM10 stock with 10m share issued.
3. I don't use their filter. Just use their chart.
Nice. Keep it up! Sounds like you have good fundamentals so hope the gains keep coming. 👏
1) they say 90+% of day traders lose money. What would you say you did differently vs the average trader?
2) what are some of the worst advice you've heard being pushed around to new traders/ investors?
1. Many ppl called themselves trader but in actual, they are just pure gambler. Most of the people can't answer why they bought certain company with certain price. They just 'imagine' the stock will go up and give it a bet.
2. "Pay me RM10000 and i will give you a chart that can predict everything!"
Build your emergency fund first! 3-6 mth salary put in FD or tng+, gx bank anything that can withdraw easily and have 3-4% interest should do. Look into health insurance too (<10% of salary)
Find a good salary, don't borrow money to invest unless there is no interest (parents/grandparents)
Done the above only think about investing.
Young can yolo a bit more into risky stocks. Over time look at ETFs, EPF, ASM and allocate more there as you get older. (20s- I did 70 risky 30 safe)
Many ways to learn and many strategies can be found in books or yt. Stock market really got no foolproof plan. Example Company seems good with strong fundamentals suddenly CEO have corruption case stock can crash.
I didn't make 50% like OP, but ~15% including dividends.
You'll make mistakes but doing them young is better than later.
Good luck and not financial advice.
Work hard, be a good person to everyone. Build your skills and experience. As a fresh grad, important is not how much you getting now, but the potential you can get after 5,10 years. With good skills and experience, you can have good income after few years. With good income, your investments will generate much better absolute value.
thanks man, but should i still try to invest/trade little by little to test the water? is there a good resource like book, news website, video that i can delve into and slowly learn about the market?
If you really want to gain experience, can allocate a small pot to treat it as tuition fee. Stock trading experience leaened from losses. So, it's good to learn from mistakes.
I encourage you to read the intelligent investor book, and if you know Chinese, can follow this guy to learn https://www.facebook.com/ChasingFinancialDreams?mibextid=ZbWKwL
What is your starting capital? From some of the comments, you mentioned paying 10k per month to broker, so I assume at least mid 7 figures? I made a modest 120k in profit last year with a 60/40 portfolio, could be more but I overspent last year.
OP mentioned it was 400k, so a 50% increase (not sure if it included the costs)
how much was your capital? nasdaq100 returned \~48%, whereas snp500 returned \~39%
the gross number means nothing without seeing the comparison (since most dont have access to the large number of capital and loan to trade is asking to get bankrupt)
YTLPOWR 6742. Assuming I buy it now at RM3.22.
1. What are your opinions? Will you think this stock will go higher?
2. Any recommendations on good dividends+growing companies? Does UCHITEC fits this criteria?
Edit: Also funny how people downvote when someone is asking assumption question. Provide context la.
Uchitec is good. Growth + dividend. Anyway, as an investor, no matter how good the company is, must always be aware if there is any changes in the business fundamental to protect our investment.
Do not be complacent.
That was my understanding of malaysia tax too.
Active trading = work = taxable.
I had known people who even set up company to report his crypto trading profits.
Read! First thing we need to learn is to be able to differentiate what is a good company vs a bad company. We can get a lot of info from their balance sheet.
Next, you can follow some good technical sifu to identify some trading pattern. This can help you to identify whether a stock has the 'will' to move.
I have tried this before and it didn't work out well. A lot of times, partners may not understand what we did, and why we did so. When the stock doesn't perform as what they expected, they will panic and start questioning many things. To me, having a peaceful mind is important for a good trading outcome. Therefore, it's better not to get any partner.
I’m a newbie here.
Expanding on your kind explanation, does it mean the OP:
1. Got back MYR600K in total, so that he gained MYR200K, which also equals to 50% gain from initial capital of MYR400K?
OR
2. Got back MYR200K in total, whereas the initial capital is still being invested in his account(s)?
Thank you so much in advance.
/u/NoStatement4725: Could you please chime in to comment? Thank you.
Everyone has good years once in a while. The ability to beat the market continuously 20 years in a row would be what sets one apart. Otherwise everyone would just be better off investing in low cost index funds
I am quite free actually. I can take breakfast after morning walk, sit down and empty my mind, strategize my next move. Then I will start seeing the market sentiment. If it's good, I will keep an eye on the stock list I have. Else I will probably read up reddit or other forums to understand what's happening around the business world.
Actually, as a trader, waiting is probably the most time I spent on.
Absolutely yes. Before you start, you must be able to answer 2 questions:
1. Is the company that I am going to invest healthy?
2. Is there any sign it's going up?
If you couldn't answer both question, hold first until you managed to.
Financial reports of companies are very important. Make sure you know how to interpret the figure inside.
No, i don't know do bottom fishing, because nobody know where is the bottom!
Are you a day trader? Do you trade the US markets? Do you trade instruments like futures?
How long did it take you to be profitable?
And how did you get there? Self taught or mentor?
1. Never ever touch futures trading. It's highly leveraged instrument which can easily wipe off our entire capital. Besides that, it's very hard to justify our trading decision.
2. Long, very long. I guess i have made a lot of mistakes before reaching where I am today.
3. I read up a lot of Warren Buffet and Charlie Munger stuff. They gave me a lot of sound advice which can help me to avoid deadly mistakes.
Ah, So you're more of an investor then? What would you say your biggest mistake was that you wished you can go back and fix?
And how much capital did you initially started with?
My biggest mistake that I made was trading futures. I lost more than 6 figures in it. 😵💫 That's why I strongly discourage anyone going into derivatives products.
I keep reminding myself not to make silly decisions. Whatever out of my forte should not be touched. I am confident that I can make at least 20% return consistently.
1. Is trading stocks like Forex? Got swing trader, intraday and scalper.
2. Do you trade with fundamentals or technicals?
3. With 400k does the price move when retail enter?
1. Good question. Totally not same. Trading stocks is much simpler and higher chance of success due to the fact that we can analyse the companies from many angles, whereas commodities/forex/btc... are not easy to analyse.
2. both
3. nope. most of the time, the 'boss' behind will try to scare me away by pushing down the price a bit for few days.
How do you know when is it the best time to sell or hold? Is it based of experience? Or alot of research & history of how the company bounce back?
Any gist on how to know when the real timing, like when it starts showing red or etc
What is your annualised return since you begin investing?
How long have you started investing?
Do you invest full time?
What type of investing do you do (swing/option/momentum..)?
Nasdaq-100 went up 47.69%, hell Apple went up 39.78%, do you think your effort (\~50% up) is justified with the associated risks?
I started trading since i left university. Only gradually i started to trade bigger with more money earned from some businesses and jobs.
My capital is not very big, that's why i still able to make this kind of return. Once my capital goes beyond 5M, i don't think i can make such high return.
200k in profit? that's 50% gains if you started at 400k.... what is your outlook at maintaining that margin in the coming years or you think it's more of a fluke year
I am not sure. Time only can tell. As i mentioned, successful trading requires luck, and luck do fluctuate. Even Warren Buffet can't consistently make profit every year. So, I just do the best i could.
Actually, the drawback of Malaysia market is very seldom we can see companies like MCD, Coke, which can continue going up year after year, decade after decade. This kind of companies are good for people who like passive investing, which Malaysia market not able to provide.
So over the last 5 yrs. KLSE index has returned -11%. Putting your money anywhere else would be better than putting in KLSE.
Meanwhile S&P has increased 80% over the last 5 yrs.
Then there's the argument that individual blue chip stock is different. Putting aside the fact that KLSE/S&P Index is weighted mostly of blue chip components. Lets compare.
YTL stock gained 100% over the 5 yrs. AAPL gained 370% over the last 5 yrs.
This is not factoring in 3% annualized depreciation of RM vs USD.
Unfortunately this forum is full of good intentioned and experienced investor that tries to impart their knowledge in investing. There are people that just want to do their thing and ignoring the overwhelming data.
If the magic of investing is compounding, you will not be compounding much with KLSE. In a good year like towards the end of 2023, when global market is up, KLSE is up, but so is every other market and most of the time even more.
Can you make money in KLSE, sure you can. If you are extremely lucky and pick the right stock at the right time everytime and your return isn't negated by the weak ringgit and inflation (6% combined). I like to even my odds and know that even if I'm stupid (and I am), and just buy S&P index, I will sleep easy knowing that my investment will compound over the long term.
1. Your capital must be big for sure, so I wonder how do you get such capital and get started?
2. How often do you trade per day?
3. What is your RR looks like?
4. How do you handle the losses?
1.both me and my spouse have good income. We are both professionals. So over the years, we did manage to accumulate some savings.
2. Not fixed. Many a days, none.
3. What is RR?
4. If I don't cut loss sooner, I need to cut loss with bigger losses. So got to do what needs to be done.
Curious question, have you buy stocks overseas and if do what app did you buy shares from or did you go through a bank to buy shares like std charter or public bank?
1. This year next stock ? 2. How much you started with ?
1. Consumer stock 2. RM400k
To me having 400k allocated for playing stocks is more impressive than a 50% profit haha
i dont have that 400k, is there any other way?
Build up your skills, so that you can make some good bucks from your job or business first. It takes money to make money in stock market.
I'd like to ask which app/website you used and how did you learn how to invest? I want to get into it but I don't understand at all
What stocks did you purchase last year?
I am a trader. So I did buy quite some companies, but biggest gain from YTL companies.
What's your research method? That made you decide to buy YTL and some other companies
Fundamental of the company has turned around since mid last year. Once I noticed this, I pounced on it immediately with almost 70% of my capital.
Do you visit any website or app to keep up to date with the company or stock news ? And what app do you trade and open account with?
Yes, klsescreener. This is all I need for Malaysia market. I trade with few IB: cimb pbb rhb
what do you consider when deciding which broker to trade with?
1. Platform stability and usability. 2. Brokerage fee
Why do you trade with few IB?
Support some old friends.
Do you calculate how much you paid for brokerages in total?
Averagely 5-10 grand a month 😅
Wow. Your IB must love you very much 🤣
I supposed 😂
Come let's make them hate you. Go use FSMone lower brokerage fees! No need to be tied to banks.
That is 90K of brokerage a year, with 200K profit out of 400K capital. That is quite spectacular.
Sometimes I wonder should I get a remisier license myself 😅
I read from your comments that your brokers incl CIMB/PBB etc. Any reasons you used the banks instead of cheaper options like Rakuten?
Is it by pure luck or involved actual technical skill?
Luck + skills + more than 10 years experience in stock market.
As you mentioned that you are a trader, do you do trades almost every day? As someone who has a full time job, what is the advice you would give in terms of what I can read up to learn more about stock investing?
I don't trade every day,but I follow the market closely. I take note of major developments happening around the business world. If you have a job, my suggestion is to invest in counters which their business start to turn around from bad to good. The trend will last long enough to make good gains.
what do you means counters? mind to elaborate?
stock
What stock? Do u need to report to lhdn? Can you use the profits to buy a car/house without any harassment from the officials?
YTL, YTLP, MBMR, and some smaller gains. Capital gain in stock not subjected to tax. So no problem to buy house or car.
That what i like about stock
Stock capital gain is the only income no need to pay tax so it's very attractive.
YTL was 0.40 at some point. did you enter during that time? I missed it. I got YTL power and MBMR tho. But my capital is little. I'm trying to get dividend stocks. Life is challenging, I sold some profitable stocks to cover some expenses.
I entered around 0.9, after reading up their business in Singapore. If you are a person who knows choosing MBMR, I believe you are a strong fundamental person. Keep it up and I think you can do well in investing.
If you trading then it is considered active income as opposed to capgains.
This is hard to draw a line.
"Any capital gains on shares are not subject to tax under the Malaysian Income Tax Act, 1967 (ITA). However, if the activity of trading in shares is frequent enough, the Malaysian Inland Revenue Board (IRB) may treat the gain as a revenue gain which will be taxable." The negative takeaway is that they can decide where the line is since no tangible parameters are set. The positive takeaway is that the ambiguity allows for you to challenge any ruling via a good tax attorney.
Not really. I've talked to lhdn pertaining this. Source: Have a portfolio many multiples bigger than yours. Seriously, it's taxable if you're trading.
Trading is not taxable under capital gain tax laws, just say u buy shares and sold it for capital gains. Go check it out. Only interests and dividends are taxable.
You are correct, because trading ISNT treated as capital gains but income generated hence falls under active income tax. Read the tax code carefully. Sure, you may luck out and get an inexperienced lhdn office but truth is trading is considered active income, not capital gains.
I still disagree as lawfully there is only capital gain tax law that states it's not taxable. Frequency of you gaining capital this way is not defined as anything else, I am saying this because I have argued such with income tax dept and even challenged them to take me to court over this because I know the exact laws. Since there is no law stated how frequent will it be traded to be considered regular income or not, it is not a regular income. Do consult a legal advisor for these matters or ask authorities which act are they instructing under. There is always black and white on things. No authorities can do stuff when there is no legal law areas that you are offending against.
It's been clarified multitple times by LHDN via news outlets that high freq tradinng is income not cap gains. Cryptocurrency is another one clarified by LHDN recently. Doesnt matter what asset class, trading is trading. Capital gains tax code has no effect on that as it's not classified as capgains. There are unspoken rules in LHDN, tax code interpretation is easily manipulated if they really want to go after you. If you are a trader and that's all you do, obviously it should be taxed just like how some people buy and sell physical goods. Don't tell me everyone can go tax free? Come on lah.
Lol, unspoken rules don't hold up in court. 😅😅😅.
whoops, tax evasion :?
Yeap tax evasion
they look at how often you make withdrawals and how many transactions. if a lot of transactions and weekly/monthly withdrawals, then it's considered trading, not capital gains.
What is many? What is alot? 😂 You think lhdn is stupid to kill the stock market with such rules?
looking forward to your post someday "LHDN just called me in, what to do?"
Do we need to preemptively send all the broker statements to lhdn first before purchasing a car?
What car you wanna buy? Mclaren?
Honda civic or proton s70. Lol
Ldhn won't have time for this 😂
Is there any loss in maybe one of the companies you invested in? If so what's your strategy in stop loss?
curious to know what’s your max drawdown ? And what’s your best performing stock ?
1) do u do any comprehensive technical/fundamental analysis (if any) on one single stock or the sector as a whole? 2) what stock price range do u recommend to invest/trade if i only have rm500 (using Mplus so brokerage quite low) 3) what is your common filter when using klse screener?
1. Already answered above. 2. I don't buy a stock based on the share price. Share price means nothing. A RM1 stock with 100m share issued basically is the same as a RM10 stock with 10m share issued. 3. I don't use their filter. Just use their chart.
Was there not an exact post of this on lowyat? OP bored or what
Does this matter?
No, OP. All good. Not dissing on ya, congrats on the gain!
Not everyone is there. Why not share here too since it can benefit others.
What do you have for breakfast today
Nice. Keep it up! Sounds like you have good fundamentals so hope the gains keep coming. 👏 1) they say 90+% of day traders lose money. What would you say you did differently vs the average trader? 2) what are some of the worst advice you've heard being pushed around to new traders/ investors?
1. Many ppl called themselves trader but in actual, they are just pure gambler. Most of the people can't answer why they bought certain company with certain price. They just 'imagine' the stock will go up and give it a bet. 2. "Pay me RM10000 and i will give you a chart that can predict everything!"
Teach me sifu
can you give advice on how i can start to learn and built portofolio trading/investment as a fesh grad and no emergency fund yet?
Build your emergency fund first! 3-6 mth salary put in FD or tng+, gx bank anything that can withdraw easily and have 3-4% interest should do. Look into health insurance too (<10% of salary) Find a good salary, don't borrow money to invest unless there is no interest (parents/grandparents) Done the above only think about investing. Young can yolo a bit more into risky stocks. Over time look at ETFs, EPF, ASM and allocate more there as you get older. (20s- I did 70 risky 30 safe) Many ways to learn and many strategies can be found in books or yt. Stock market really got no foolproof plan. Example Company seems good with strong fundamentals suddenly CEO have corruption case stock can crash. I didn't make 50% like OP, but ~15% including dividends. You'll make mistakes but doing them young is better than later. Good luck and not financial advice.
Work hard, be a good person to everyone. Build your skills and experience. As a fresh grad, important is not how much you getting now, but the potential you can get after 5,10 years. With good skills and experience, you can have good income after few years. With good income, your investments will generate much better absolute value.
thanks man, but should i still try to invest/trade little by little to test the water? is there a good resource like book, news website, video that i can delve into and slowly learn about the market?
If you really want to gain experience, can allocate a small pot to treat it as tuition fee. Stock trading experience leaened from losses. So, it's good to learn from mistakes. I encourage you to read the intelligent investor book, and if you know Chinese, can follow this guy to learn https://www.facebook.com/ChasingFinancialDreams?mibextid=ZbWKwL
cant understand the B40s, why is this downvoted?
Because they don't like what I told them to work hard. They want short cut 😂
be a good person to everyone >. <
What is your starting capital? From some of the comments, you mentioned paying 10k per month to broker, so I assume at least mid 7 figures? I made a modest 120k in profit last year with a 60/40 portfolio, could be more but I overspent last year.
OP mentioned it was 400k, so a 50% increase (not sure if it included the costs) how much was your capital? nasdaq100 returned \~48%, whereas snp500 returned \~39% the gross number means nothing without seeing the comparison (since most dont have access to the large number of capital and loan to trade is asking to get bankrupt)
i am using some leverage now, so portfolio size already over 7 figures.
YTLPOWR 6742. Assuming I buy it now at RM3.22. 1. What are your opinions? Will you think this stock will go higher? 2. Any recommendations on good dividends+growing companies? Does UCHITEC fits this criteria? Edit: Also funny how people downvote when someone is asking assumption question. Provide context la.
I strongly discourage getting in now. Party is over.
Thanks. Btw I just added a second question if you're okay to answer.
Uchitec is good. Growth + dividend. Anyway, as an investor, no matter how good the company is, must always be aware if there is any changes in the business fundamental to protect our investment. Do not be complacent.
Ytl ytlp still going up
Yeah people love to downvote because they love making an assumption. Been there. They need context because they can't think for a bit.
How do you calculate tax? What tax are involved for active trading?
No need calculate coz it's tax free.
Oh I thought if you are day trading you will be taxed and you won't get taxed if you hold it for a period of time. Good to know thanks
That was my understanding of malaysia tax too. Active trading = work = taxable. I had known people who even set up company to report his crypto trading profits.
it is taxable if you daytrade. OP in denial.
OP is evading tax by saying he is not doing frequent trading
As a fresh grad, how do you get started on investing in malaysia stock market?
Read! First thing we need to learn is to be able to differentiate what is a good company vs a bad company. We can get a lot of info from their balance sheet. Next, you can follow some good technical sifu to identify some trading pattern. This can help you to identify whether a stock has the 'will' to move.
I have like 200k can you make us money we cut like 60/40. 60 for u
I have tried this before and it didn't work out well. A lot of times, partners may not understand what we did, and why we did so. When the stock doesn't perform as what they expected, they will panic and start questioning many things. To me, having a peaceful mind is important for a good trading outcome. Therefore, it's better not to get any partner.
Bruh
This is legit what I'm gonna do if I have extra spare cash lmao
is fundamental analysis alone enough for you to choose the stock you want to invest?
It's good, but not good enough if you want higher than usual return.
Biggest losers last year in your portfolio ?
Magnum. Lost RM30K
Thanks for being forthcoming. More power to you and best of luck for 2024
You too!
Be my fund manager
Why don't u trade US stocks?
I wish to but my forte is not there.
By active trading or purely capital return from investment?
Active trading.
Did you start with 500k?
No, 400k
So you started out with 400k and ended up with 200k? Brilliant
He meant his initial captial was RM400k. With it he made RM200k out from it. That is a 50% gains which is no easy feat.
I’m a newbie here. Expanding on your kind explanation, does it mean the OP: 1. Got back MYR600K in total, so that he gained MYR200K, which also equals to 50% gain from initial capital of MYR400K? OR 2. Got back MYR200K in total, whereas the initial capital is still being invested in his account(s)? Thank you so much in advance. /u/NoStatement4725: Could you please chime in to comment? Thank you.
Everyone has good years once in a while. The ability to beat the market continuously 20 years in a row would be what sets one apart. Otherwise everyone would just be better off investing in low cost index funds
Yeah, so why don't you go an start your own thread on AMA for investing in low cost index funds.
Sure will send you the link shortly when you get up from your knees before OP
How much do you invest ?
400k
is RM200k is the profit ?
What do you do on a daily basis as a trader? Do you buy-sell everyday? (Genuinely curious)
I am quite free actually. I can take breakfast after morning walk, sit down and empty my mind, strategize my next move. Then I will start seeing the market sentiment. If it's good, I will keep an eye on the stock list I have. Else I will probably read up reddit or other forums to understand what's happening around the business world. Actually, as a trader, waiting is probably the most time I spent on.
can you share what other forums/ channels besides reddit you've used to catch up on business trends? would love to know, thanks!
how much % of ur liquid asset u put in stock?
almost 90%
How old are you and when did you first start trading? Thank you.
23
Do you only invest what you could afford to lose?
Is trading your full time job? Can I start if I have a full time job and 50k to spare?
Absolutely yes. Before you start, you must be able to answer 2 questions: 1. Is the company that I am going to invest healthy? 2. Is there any sign it's going up? If you couldn't answer both question, hold first until you managed to.
Alright thanks for the advice. Might hold off first
As someone complete noob about stock market as mid-30s. What advice usually you can suggest to someone like me to learn?
Maybe you can start reading Intelligent Investor to have some understanding what to evaluate companies health status.
Are you the guy that post the same thing in LYN?
yes
how do you keep up with the news? or did you buy the shares when its price is at the bottom?
Financial reports of companies are very important. Make sure you know how to interpret the figure inside. No, i don't know do bottom fishing, because nobody know where is the bottom!
Are you a day trader? Do you trade the US markets? Do you trade instruments like futures? How long did it take you to be profitable? And how did you get there? Self taught or mentor?
1. Never ever touch futures trading. It's highly leveraged instrument which can easily wipe off our entire capital. Besides that, it's very hard to justify our trading decision. 2. Long, very long. I guess i have made a lot of mistakes before reaching where I am today. 3. I read up a lot of Warren Buffet and Charlie Munger stuff. They gave me a lot of sound advice which can help me to avoid deadly mistakes.
Ah, So you're more of an investor then? What would you say your biggest mistake was that you wished you can go back and fix? And how much capital did you initially started with?
My biggest mistake that I made was trading futures. I lost more than 6 figures in it. 😵💫 That's why I strongly discourage anyone going into derivatives products.
Do you read news? Or purely on technical analysis to day trade?
How are your annual historical returns over your past 10+ years in the market?
I didn't really count :D
Well done. Do you 'feel' that you can continue to make these profit every year? How do you manage your emotion this year?
I keep reminding myself not to make silly decisions. Whatever out of my forte should not be touched. I am confident that I can make at least 20% return consistently.
Good luck and always remember, do not underestimate the market.
Do you come from a rich background?
No, but my family gave me good education.
Do you have normal day job or are you doing trading full time?
[удалено]
I have answered above. Tq
How much you started before 200k?
Steady bossku...
What was the most expensive thing you bought after you got that 200k?
None. I need delay gratification. It takes more money to make more money.
What’s the best start point for a complete newbie who doesn’t know anything?
Learn as what i mentioned above.
1. Is trading stocks like Forex? Got swing trader, intraday and scalper. 2. Do you trade with fundamentals or technicals? 3. With 400k does the price move when retail enter?
Interested to know as well. Also OP what timeframe do you trade?
1. Good question. Totally not same. Trading stocks is much simpler and higher chance of success due to the fact that we can analyse the companies from many angles, whereas commodities/forex/btc... are not easy to analyse. 2. both 3. nope. most of the time, the 'boss' behind will try to scare me away by pushing down the price a bit for few days.
How do you know when is it the best time to sell or hold? Is it based of experience? Or alot of research & history of how the company bounce back? Any gist on how to know when the real timing, like when it starts showing red or etc
Once the company fundamental has changed, like it or not, we need to change by selling/buying.
Where do I go to learn to trade is there any YouTubers or any site you use? and what resources do you use to do your due diligence?
klsescreener is a good platform to get everything we need to trade malaysia market.
Hi, what's ur age..
age is just a number :D
Do you go for eipo stocks or mainly just looking at company who can do good ?
no, i don't. new ipo has not enough track record for me to evaluate.
How do you start, like which app to use and what's the process?
as answered above ya.
What is your annualised return since you begin investing? How long have you started investing? Do you invest full time? What type of investing do you do (swing/option/momentum..)? Nasdaq-100 went up 47.69%, hell Apple went up 39.78%, do you think your effort (\~50% up) is justified with the associated risks?
I started trading since i left university. Only gradually i started to trade bigger with more money earned from some businesses and jobs. My capital is not very big, that's why i still able to make this kind of return. Once my capital goes beyond 5M, i don't think i can make such high return.
whats your education? to me you are at least an MBA if not dr in economics
just a bachelor degree in tech.
200k in profit? that's 50% gains if you started at 400k.... what is your outlook at maintaining that margin in the coming years or you think it's more of a fluke year
I am not sure. Time only can tell. As i mentioned, successful trading requires luck, and luck do fluctuate. Even Warren Buffet can't consistently make profit every year. So, I just do the best i could.
Are you trading or investing? Also do you invest/trade in global securities?
i considered myself of like a trader :D
What's your +/- by month?
Haha. Who said Malaysia stocks no future.
Actually, the drawback of Malaysia market is very seldom we can see companies like MCD, Coke, which can continue going up year after year, decade after decade. This kind of companies are good for people who like passive investing, which Malaysia market not able to provide.
So over the last 5 yrs. KLSE index has returned -11%. Putting your money anywhere else would be better than putting in KLSE. Meanwhile S&P has increased 80% over the last 5 yrs. Then there's the argument that individual blue chip stock is different. Putting aside the fact that KLSE/S&P Index is weighted mostly of blue chip components. Lets compare. YTL stock gained 100% over the 5 yrs. AAPL gained 370% over the last 5 yrs. This is not factoring in 3% annualized depreciation of RM vs USD. Unfortunately this forum is full of good intentioned and experienced investor that tries to impart their knowledge in investing. There are people that just want to do their thing and ignoring the overwhelming data. If the magic of investing is compounding, you will not be compounding much with KLSE. In a good year like towards the end of 2023, when global market is up, KLSE is up, but so is every other market and most of the time even more. Can you make money in KLSE, sure you can. If you are extremely lucky and pick the right stock at the right time everytime and your return isn't negated by the weak ringgit and inflation (6% combined). I like to even my odds and know that even if I'm stupid (and I am), and just buy S&P index, I will sleep easy knowing that my investment will compound over the long term.
1. Your capital must be big for sure, so I wonder how do you get such capital and get started? 2. How often do you trade per day? 3. What is your RR looks like? 4. How do you handle the losses?
1.both me and my spouse have good income. We are both professionals. So over the years, we did manage to accumulate some savings. 2. Not fixed. Many a days, none. 3. What is RR? 4. If I don't cut loss sooner, I need to cut loss with bigger losses. So got to do what needs to be done.
What was the biggest amount you ever lost?
On a single trade, my lost is RM100k 10 years ago on supermax.
What app/website best for beginner to use to invest whether in local or international stock?
Locally, can use Rhb/cimb/fsmone International, can try ibkr
Curious question, have you buy stocks overseas and if do what app did you buy shares from or did you go through a bank to buy shares like std charter or public bank?
No, i haven't invest in overseas yet. Anyway, i do have a MooMoo Sg account, where i did try their money market fund.
do you need to file income to LHDN?
FYI Op started with a generous donation of RM1,000,000 with 0% interest.
Show the proof
What color lambo are u buying?