What is Left For KLSE (Part 1)?

KLCI is going sideway early of this year, but the index is moving slowly towards 1,600 points. Did you manage to earn any money from the local stock market during these 7.5 months period?

To be honest, I did make some. I made some handsome profit from IPO and unrealized profit from all the stocks I bought end of last years.

Let's talk about IPO today, as it is 'used to be' my favorite making money vehicle. 

Since IPO is a vehicle which is almost proven to give huge return from the past records, a lot of traders and investors are targeting it right now. The chances to get it is really slim nowadays. Just look at MSM and ARMADA, the chance to get some lots is less than 10%, even you subscribed 100 lots. For small players and non-bumi like me, the chance is even lesser. 

Of course, IPO is about luck. If we got it, it is a bonus for us. On the other hand, IPO is not 100% can make profit, there is always exception, just like UOADEV. If this is the case, a bonus is a bonus. We cannot rely on it too much. We have to put our focus on our trading strategy.

The bull trend has rally for almost 2.5 years and the index is approaching 1,600. How much more to go up? We don't know. What I aware is, it is harder to gain profit from the stock market compare to 2009 and 2010. It is a challenging year. Strategy is one thing. Without hard work, it is even more challenging.

Perhaps some would comment that the easier way is to wait for the stock market to correct or slump. But are you able to wait for it, may be after 3 to 5 years from now while seeing other making handsome profit? Think about it.