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The last time I made big loss was in Oct 2010 when I bought KFC on Trading contra. I made 12k loss 3.15 to 3.00 which dropped for 15 cents. But less than 2 weeks I made 160k from 300k margin facilities with 100k unit of KFC.
Sometimes I bought contra because it reminds me how hard my money is working in the margin account. I know this round I am going to lose about 20k on paper loss.
I understand Warren Buffett style and his rules of investment. #1. Never lose money. #2 Never forget rule #1. But that just not work for me. No pain no gain is my only rule for investment.
I really want to thank everyone for supporting IJMLand. Unlike Hap Seng, IJMLand is a company that really needs money for development and they are doing a great job. Thats why I fully support IJMLand. I will never sell my 400k worth of IJMLand & Wa shares even though next week. Cos IJMLand deserves to have a loyal financer like me.
With this wraps up my post for Attack IJMLand for RM3.60. Thank you to all my beloved supporters.
Sometimes I bought contra because it reminds me how hard my money is working in the margin account. I know this round I am going to lose about 20k on paper loss.
I understand Warren Buffett style and his rules of investment. #1. Never lose money. #2 Never forget rule #1. But that just not work for me. No pain no gain is my only rule for investment.
I really want to thank everyone for supporting IJMLand. Unlike Hap Seng, IJMLand is a company that really needs money for development and they are doing a great job. Thats why I fully support IJMLand. I will never sell my 400k worth of IJMLand & Wa shares even though next week. Cos IJMLand deserves to have a loyal financer like me.
With this wraps up my post for Attack IJMLand for RM3.60. Thank you to all my beloved supporters.
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