Hi Mr. KC Lau,
I am a fan of you. I read almost all your newsletter. AI wish to thank you for the knowledge and enlightenment you have brought to my life. Recently I came across an indicator system which can tell the bottom fishing and give signals to buy in certain share in Bursa. As I only have 3 months experience in trading, I wish to ask for your opnion on this matter.
- Do you ever purchase or use any indicator? Do you think they are necessary to help you in your decision of buy/sell?
- Can you justify if it’s necessary for value investing?
Thank you for your reply. Really appreciate it.
Hi Phei Ling,
- I don’t use any of these indicators. When you buy good companies and keep for long-term horizon, the timing is not really an issue. Just don’t overpay – paying too high a price will take a much longer time for the value to catch up.
- I don’t use any technical indicators. So there is really nothing I can offer to you on the technical side.
Some people might make money using the technical analysis. Frankly, there are also people getting rich through winning the lottery. I just prefer method that has a much higher chance of succeed, rather than depends on extreme luck.
Hope this helps.