Read the previous post: Lo Kheng Hong and How to Profit from PTRO Shares - Part I. In part I I have explained 2 strategies used by LKH to buy PTRO shares. Well, in part II, I will explain one more strategy used by LKH which can reap 45 billion profit from PTRO. What is the third strategy?
The answer: Patience. An investor must have SUPER VERY INCREDIBLE patience. Why is that? Because investors are long-term orientation. So, investors must have confidence that as long as the company is still a prospect and the stock price has the potential to rise (even though the price is currently down a lot), investors should not make a cut loss.
LKH dares to averaging down PTRO in very large numbers because LKH is sure that PTRO has very good prospects. It's just a matter of time. LKH has the principle that a good company, its share price will not always go down.
While other traders are afraid and panic selling sells their shares at a loss / cut loss (PTRO has indeed dropped from 4,700 to 200), LKH is averaging down. In other words, a Lo Kheng Hong is actually "taking advantage" of stock players who are easily panicked, afraid, impatient to achieve maximum profit.
Remember Waaren Buffet's quote: The capital market is a place to move money from impatient people to patient people. Averaging down by LKH is not an arbitrary strategy. If an investor is impatient, grudgingly, quickly sells when the stock drops, then LKH will certainly not be able to make a spectacular profit.
Stock investors do not need to pay attention to short-term stock price fluctuations. Stock prices will always go up and down, but investors should be optimistic about the analysis that the long-term trend, stock prices will still rise.
So, in this post I want to emphasize to you: If you really have a big intention to become a stock investor, you should at least apply Lo Kheng Hong's investment principles, as I have emphasized in Part I and Part II of this post. One of the most important things if you want to be an investor is: You have to be patient and don't panic easily.
