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Relying on tips to trade? Learn to Trade instead

Think of it as learning a new skill in life, which in our modern world, can almost be reasoned as a survival skill (think inflation, the ever-rising cost of living, joblessness, pandemic etc.). Gone are the days where one can just run the rat race, climb their way up the corporate ladder
relying on tips to trade?

We understand that many of us have our time filled with work, family, friends, hobbies, and … you guessed it – work. So, we rely on tips from various Facebook pages, gurus, friends, and Uncle Joes to make decisions on buying and selling on the market. Whilst this may not be an entirely wrong strategy, we are proposing a better strategy . . .


Learn to trade on your own!

That’s right! Think of it as learning a new skill in life, which in our modern world, can almost be reasoned as a survival skill (think inflation, the ever-rising cost of living, joblessness, pandemic etc.). Gone are the days where one can just run the rat race, climb their way up the corporate ladder (many without a university degree, mind you), and reaching the finish line happily with a beautiful sunset on the horizon to greet them, and mostly unscathed at that. Now, we all know that money isn’t everything, but they are a huge part of many (if not most) things. Agree? And that’s the very reason why you should learn how to make more of it – to stay on top of your financial game.

learn to trade

By learning how to trade, you wouldn’t need to constantly check with your advisor on which stock to buy and sell, wait for their replies, ask more questions, and by the time you have all the info you need to take action, the ship has already sailed. Plus, your broker’s opinion might differ with your Uncle Joe’s. So, who do you listen to when that happens? And if things go south, can you really blame them for it?

Making your own decisions

When you learn something, the knowledge stays with you and they say that “knowledge is power”. When you have that trading power, you will immediately know, whether by instincts or research, on what to do and how to react to market changes. You can use your own discretion to decide on your market strategy, be responsible for your decisions, and be accountable to only your own self.

work for your future self

We let our jobs consume so much of our time because we feel that we are paid by our bosses, and are therefore responsible to uphold our end of the bargain. And rightfully so. We should definitely carry out our duties responsibly. Now, think of learning how to trade as work too; you are working for your future self to be paid by your current self. You may also choose to be a long-term investor if your schedule is really too tight to squeeze in time to learn.

Check out our article on When You Don’t Have Time to Invest

Keep up with the times and learn a new survival skill today!

Don’t have an account yet? Click here to open a CDS account today!


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Jaks Resources Bhd – 29Jul21

While there will be no financial impact on JAKS, we view the matter to be favorable to restore JAKS reputation amongst investors after being clouded by uncertainties over the past 2 years amid concern over potential impairments from the aforementioned matter. Moving forward, JAKS will continue to focus on current operations as well as business expansion plans, particularly in the power and renewable energy business segment.

market pulse

Still in consolidation

The FBM KLCI closed mildly positive following the late bargain hunting activities,
but gains were capped amid unrelenting Covid-19 cases as well as the recent
political developments. Despite daily Covid-19 infection continue to be on the rise
amid ramped up testing in Klang Valley, we expect the vaccination rate should
brush off negative sentiment and traders may look for recovery opportunities. Also,
both the Hang Seng Futures and overnight Wall Street could be due for a technical
rebound and may spillover towards stocks on the local front, especially on the tech
sector. Commodities wise, CPO price was down as demand were seen slowing
down from India and China, while the crude oil extended its gains.

technical focus

Technical Focus – MSM

Leading local sugar producer, commanding approximately 60.0% market share in the local sugar market after having produced 1.0m MT in 2020 that operates 2 sugar refineries with products consumed locally and shipped mainly to Asia countries.
Aims to increase utilisation factor in MSM Johor which is only hovering around 30.0% in 2020, while evaluating for potential disposal to streamline operations. Dry weather in Thailand is expected to prolong to 2022 and the drought that dimmed Brazil productions may support the elevated sugar prices. Technically, traders may anticipate for a potential flag-formation breakout above RM1.32 to target the next resistance of RM1.41-1.52, with long term target at RM1.72.

market pulse

Tepid recovery

Bucking the regional downtrend move, the FBM KLCI rebounded and posted
modest gains on the back of bargain hunting activities as well as expectation on
the economy reopening by October. Although investors will be shifting their focus
from daily Covid-19 infections to the positive vaccination rate locally, the local
sentiment may still remain cautious following the negative performances in China
and Hong Kong after Beijing announced additional measures for the technology,
education and real estate’s sectors. On a side note, foreign investors are net seller
for the third session.