My reasoning is simple.
Sorry but what I am going to say might be harsh, so if you do not like what you are reading now, please stop so that you are not offended.
Ask yourself a honest question. No point lying to own self.
If you were in the market this year, are you or did you make money?
And if you have paper losses, do consider it as real for now. Yes, you might not agree because since you have not yet sold the shares, the losses are only temporary. Ok, fine that's your belief but let's just say that you agree.
So if you have lost money or are sitting on losses, perhaps let me suggest to you that perhaps that the stock market is NOT for you.
Consider this two set of news: KLCI’s 2Q gains highest in 10 years
Look at the PERCENTAGE of gains in the table posted in that news article.
They are huge yes?
And on today's article, 2Q09 review — biggest rally since 2001
And without a schedule of a doubt, the past couple of months saw ONE OF THE BEST RALLY IN THE STOCK MARKETS EVER!
It was fast, it was furious and making money was simply too easy.
Most punters during this period regretted selling. For what they sold, kept on soaring and soaring and soaring.
So why are you losing money?
Why are you sitting on huge paper losses?
Isn't now the time for reality check and to do yourself one good deed - for the sake of yourself, your family and your money?
Is the stock market really for you?
How?
Think about it....
Yes, no one is perfect.
And yes, everyone makes mistakes.
I do too.
And yes, I know that everyone or rather the winners learn and acknowledge their mistakes and with each failure, the one that learns and improve can only get better.
In life, I would agree.
But the stock market is massively different.
The stakes are so high and the market is so unforgiving. And needless to say mistakes kills!
Just think about what I am saying here.
Yes, perhaps mistakes were made but you do have to consider the issues involved.
This was the best market rally ever and if you could not make money in the best ever market rally, how then could you make money?
Oh yes, next time, things could be different.
Next time when the next big bull rally happens, thing could be different.
But it could also be the very same and losses could continue to happen again.
Ever thought of this?
Sorry for being so harsh.
Hey, good pointer!! I wanted to write about these(in milder words) many of times when I read that 80% of those in KLSE losing money?
ReplyDeleteConfirm this 'fact' ... is it true 80% of them REALLY lose money? I thought INVESTMENTS are supposed to give us positive returns? No?
Ok, I will think it over if stock-markets is the best place for me.Hmm ....
TEH
A good reality check.
ReplyDeleteSounds a bit harsh, but might be well deserved, in most cases.
Teh and Avatar,
ReplyDeleteYes, these words are harsh but perhaps this is the brutal reality.
In the 'game' of the stock market, needless to say the objectivity is to make money.
And needless to say, all 'games' comes with a cost and for the stock market, the cost of playing the 'game' is rather brutal, where mistakes costs money.
And many a times, in regardless of how well or rather how much skills one possess, a single mistake could actually wipe one out forever.
Take the recent stock market run. One can call it bear market rally or one can call it a bull stampede but the most important fact is most stocks appreciated hugely during this period.
So why isn't one making losses?
One can blame mistakes, one can even blame bad timing or one can even blame on lack of lady luck factor but it doesn't change anything.
One lost despite the BEST EVER market conditions.
That's the bottom line.
And if one cannot make money during the best ever market conditions, how then could one make money?
Wait for the next bull run?
What if the same thing happens again?
So isn't it time for one to address if one is actually cut for this 'game'?
Or some would say 'what is not meant to be, is not meant to be'.
Yeah sorry for the harsh wrods and I do really understand that what I wrote won't be liked by many.
I totally agree.
ReplyDeleteIf everybody winning then who r going to lose ????????????
ReplyDeleteGamelion,
ReplyDeleteNeedless to say there are winners and they are losers.
My HARSH but realistic question goes out to the losers: Do you want to continue losing money all the time?