Millionaire Trend Trader: FBM KLCI - rebounded to close above 1,600 after knee-jerk reaction

Wednesday, January 13, 2021

FBM KLCI - rebounded to close above 1,600 after knee-jerk reaction

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBMKLCI erased most of its losses to close above the 1,600 level as the reinstatement of the movement control order (MCO) and the declaration of the state of emergency Read more >>

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If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result. - John Templeton

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The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. - Jesse Livermore

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Wednesday, January 13, 2021

FBM KLCI - rebounded to close above 1,600 after knee-jerk reaction

1 comment:

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