Category: Money Tips Date: 2007-01-28
I entered the stock market has been Shisiwunian, and experienced in August 1994 on the Shanghai Composite Index fell more than 300 points, has experienced in early 1996, the Shenzhen stock market streets paved with gold. At that time, two dollars stock everywhere, by the end of the general rose to 10 yuan or more, but the last one afterwards, so not only failed to make money, but loss of. Why?
I sum up a bit, initially at 2 dollar and buy a stock, earn money selling a few cents, and 3 yuan more then bought back to earn a few cents and sell, and eventually bought more than 10 yuan Shen Baoan, sets of death , and later at 5 yuan more than flesh; UFIDA On that day, I have 80 yuan to buy the same day rose to 100 yuan, the next day do not know to run, and again sets of dies, the last more than 50 yuan flesh; Jijinyuyuan market, I 2.45 Yuan rushed to the day, circling the empty joy, the next day suspension, resumption, after allotment, but finally did not make any money, indemnities out. These bloody lessons tell me: Do not chase the stock to buy high and too risky.
Quilt in a bear market in time for stop-loss is very important. Red light when the stock market, I think it has only 6,000 shares of Liutong Pan, opening price is only 10-odd feel pretty cheap, bought 2,000 shares. Who knows, the next day an opening on the down, then immediately closed that day, costing him more than 2,000 yuan. Later, the media exposed the red stock inflated by false and fraudulent market performance, and then later withdraw from the market of. In retrospect, then either stop in time, I am afraid of the light as early as lose.
In a bull market must learn to cover their shares. This round of bull market, I was in November 2005 admission, bought coastal energy, results in March 2006 to 2.98 yuan to sell, but also in clearance index 1300 points. Later, feeling bull market came, and then the whole store to buy a 2 yuan more than the stock has been holding. Unit in the first quarter of this year, the successful completion of share reform, stock prices soaring, the maximum rose to 11 yuan more. I promptly closed the half, the other half on all profits, and up to now no full-sold. And 1996, compared to the time of operation, death cover their stocks are doing better than the round trip to do post more.
Shareholders Old Hall
Comments
Investment success does not depend on arcane formulas, computing, or stocks and shares up and down the board beating the contrary, investors must be able to succeed, only by virtue of the excellent business judgments, while avoiding his own thoughts and behavior are easy to to incite the people of the impact of market sentiment. In my personal experience, the temptation to be able to remove the market, the best way is to Graham's "Mr. Market" theory of mind. - Warren Buffett
Mr Fok the past two years must be applauded performance. But if investors eye observation, Mr. Fok and perhaps should have reconsidered, "cover their shares" means. Quilt to stop the bear market, bull market came to cover their shares, this is the most simple. But who would dare say that it can draw a clear line of definition CBBC? Unless we are always after the event from the K-line map to the right to the left to see. In accordance with Buffett's theory, to avoid emotional about "Mr. Market" theory is based on: more focus on the intrinsic value of business research, market valuation of a little less thinking, because the long term, intrinsic value is the price the determining factor. Therefore, the key to successful investing is not operational discipline, and more investment is lower than the market value of target price, if it is good is certainly worthwhile to cover their shares of the stock, such as Coca-Cola, but if it is junk stocks to eventually have a "take the lift" regret .
