This post is specially dedicated to BB AK in Cbox. As many already known, his blogs are famous and he has many readers who ask him finance related questions. To many of us readers, we admired his kungfu. However, not many of us have his inner strength.
In stock market, different traders and investors have different kungfu. It may be easy to know and learn other people kungfu but applying it is not that easy.
As a summary, BB AK’s kung fu is:
- Buy more when price hit new low at resistance and with positive divergence.
- Don’t sell when the prices form new lows, instead reduce exposure on rebounds.
However, normal people like me cannot keep buying more when price hit new low. We don’t have enough inner strength. If we did that, the % of that stock out of our entire portfolio will be too high such that ...
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Hi OT,
Interesting concept. Inner Strength = deep pockets? Here’s some ways to accquire inner strength.
1) Transfer for a kung fu master e.g. inheritance
2) Stumble across a thousand year old ginseng e.g. strike Toto
3) Years of traning e.g. wealth accumulation
See you at the next wu lin da hui.