What is the formula to buy and sell as taught by Dr Wealth? When do you cut loss? - Seedly

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Asked by Anonymous

Asked on 07 Jul 2018

What is the formula to buy and sell as taught by Dr Wealth? When do you cut loss?

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Chris Chin
Chris Chin
Level 4. Prodigy
Answered on 11 Mar 2019

Really depends on your position size or investment into that particular underlying stock and your investment target (short term, medium term or long term). Buy below Valuation. Can set a target at 3 years and sell as planned,regardless of profit or loss. Valuation details - please attend the paid class to find out. Otherwise, why would my friends pay to find out when they can get it free from seedly... šŸ˜‚šŸ¤£

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Bang Hong
Bang Hong
Level 4. Prodigy
Answered on 19 Jul 2018

No idea on Dr Wealth buy or sell formula, personally I depends on TA and news (FA) to make a decision on purchase.

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When to cut loss? When it cross your boundaries, some set the cut loss at 15% of purchase price, some actually average out. Personally I am against "average out" unless you have high confidence and certain that the stock will go up. (Take for example Singtel at 3.0x at one point in time recently, this is a stock that people will buy)

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