Legendary investor Lo Kheng Hong reiterates that he does not trade and is the type of investor with value investing long-term
This was conveyed in a podcast on the YouTube channel of the conglomerate from Surabaya, Hermanto Tanoko.
"Pak Lo doesn't trade ?" asked Hermanto Tanoko in podcast quoted on Wednesday (15/6/2022).
"Absolutely not, because the person who trades , he only gets pennies, but if the person who buys waits and keeps he will get big money," replied Lo Kheng Hong.
“If you buy and keep, you will be rich. But if you are trading let alone scalping , your securities will be rich,” Pak Lo, his nickname.
To note, Lo Kheng Hong has been investing in the capital market since 1989. In fact, in 1996, he decided from his permanent job as an employee at a bank to become a full time investor .
trading itself is the act of buying and selling on the same day, where there are several strategies, namely buying stocks in the morning and selling in the afternoon; buy stocks in the morning sell in the afternoon; and buy stocks in the afternoon, sell in the morning or in the afternoon the next day.
As for scalping trading strategy trading in minutes. For example, buy a stock to sell 5 minutes later.
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