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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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market pulse

Still eyeing 1,600

The FBM KLCI took a breather following a seven-day winning streak, as the key
index retreated from the 1,600 psychological level on the back of profit taking
activities. However, tracking the strong gains from Wall Street overnight, we expect
local equities to gain momentum and investors could focus on the upcoming
Budget 2022 beneficiaries, which we anticipate some goodies to be revealed for
construction, telecommunication, and solar sectors. Commodities wise, the CPO
price declined after a surge in the previous session, while the crude oil price
rebounded above the USD84 per barrel mark.

market pulse

Spurred by foreign buying

The FBM KLCI closed above the 1,600 psychological level amid persistent buying
from foreign funds over the past week and sentiment remained positive on the
back of the discussion of international borders reopening going forward. The
recovery theme sectors such as construction, building material and financial
services sectors saw substantial gains and may remain under the limelight in the
near term ahead of Budget 2022. Meanwhile, the plantation counters are gaining
traction amid a jump in CPO price; the CPO price has rebounded and surged by
3.4% to close above the RM5,000 level.

technical focus

Technical Focus – KERJAYA

One of Malaysia’s leading construction players with strong historical track record of completion of notable projects such as St. Mary Residences, The Shore Mixed Commercial Development, EcoSky Condominum and Vista Residences. Solid unbilled orderbook of RM3.40bn that represents an orderbook-to-cover-ratio of 4.2x against FY20 revenue of RM811.0m will provide earnings visibility for next 3 years. Equipped with a healthy balance sheet with a net cash position of RM195.0m in 2QFY21, translating to net cash per share of 15.7 sen (c.12.3% of share price). Technically, traders may anticipate for a breakout above RM1.29 to target the next resistances at RM1.38-1.41 with long term target at RM1.53.

market pulse

Still on the ascend

Bucking the regional markets, the FBM KLCI extended its winning streak for the
sixth session, buoyed by persistent buying interest in index-linked banking and
telecommunication heavyweights on the back of positive sentiment in tandem with
the rising foreign buying interest. Despite the overnight negative performance on
Wall Street, we believe the local bourse may remain bullish over the near term and
move closer to the 1,600 psychological level, supported by the reopening of
economic activities as vaccination rate of adult population has achieved above
90%. Meanwhile, commodities wise, both the CPO and crude oil prices saw a
pullback as inflation concerns picked up.