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How much have you lost so far. Post Reply Rate topic
Lazyhorse Senior	21-Jan-2008 14:01        Lazyhorse About Contact  Quote this Post!
x 0   x 0  Alert Admin	sohguanh, I did not use borrowed money. Just that I used up almost all my cash every month to buy shares without putting any aside for contingency plans. Kept on pumping money into the stock market trying to average down. Back then, I was young, inexperienced and financially quite tight too.
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sohguanh Veteran	21-Jan-2008 13:50        sohguanh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lazyhorse: One of my principles in shares is neber use borrowed monies. I know sometimes using borrowed monies to make big monies is a way as can be seen from SGX listed companies bank borrowings. But if you are not operating a company but only yourself, I would tink twice about borrowing monies to play shares. The temptation to play big is very high and you get carried away and laden yourself with lotsa debts. It doesn't help when those banks keep seducing you to borrow monies from them. They are such a pest!!!! Tempt me everytime with free gift, 0% funds transfer (conditions attached) etc etc. Worst is brokerage firms tied up with banks to offer you special package etc all with a simple aim, please play BIG BIG so they can earn your monies!
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mike8057d Veteran	21-Jan-2008 11:55        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	nono1975.....no hard feeling lah...in this kind of forum, can not take it too seriously. cheers
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cashiertan Elite	20-Jan-2008 19:40        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	before you wanna buy any ebook, consider go to esnips.com and search for "one shot - one kill" nice ebook, i am raeding it now, i am sure you will benefit from it thou the starting is abit boring and u may not find them interesting. it is at the mid to end which is good.
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Lazyhorse Senior	20-Jan-2008 16:38        Lazyhorse About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks to Dr M., I lost quite a bit many years back during the Clobs crisis. When a big loss occurred, it is really damned disheartening and your morale will drop below your groin area. I experienced this before so I sort of understand what the rest of them are feeling right now. It will feel especially bad when you needed some urgent money which you never foresee and you will start blaming yourself even more for losing that sum of money. This kind of feeling is very hard to describe unless one has experienced it before. Touchwood, hope No One ever experienced it from today onwards ! I stayed out of stock market totally after that. It took me a few years later before I starting trading again slowing bit by bit. This painful epsiode will always remind me to be extra careful. I also believe that financial stability plays a big part in share trading. Buy within one means and don't always think that the shares will go whatever way you think it will do. It can surprise you greatly.
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scotty Senior	20-Jan-2008 16:29        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	haha... sorry.. typo...   I meant - This month is really terrible, even worse than what I experienced in November 2007.
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simck001 Senior	20-Jan-2008 15:59        simck001 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hi, Scotty, are U ok? We are in January 2008. November 2008 is yet to be. Unless you have traveled into the future, then tell us if it is going to be bull or bear market from CNY till then.
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scotty Senior	20-Jan-2008 15:02        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Back in late 2007, I lost more than $7000 in 2 weeks. I was really disheartened and left depressed. But luckily managed to get out of the market before 2008. This month is really terrible, even worse than what I experienced in November 2008.
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nono1975 Member	19-Jan-2008 00:10        nono1975 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi all, i lock into this forum most of the time in the late night. to see and learn new things from you all. great to see and learn news with u guys sharing yr exp. on this forum. just like education die things on the books. but is diff from you guys as this is the true battle ground which you guys been in. hi mike, no hard feeling ok. Too bad i can't help yr rm share to cheong. In my whole life I only been to sgh & ge twice. but is good to be around to have fun and chat with. hi liang, very good, learn 1 more skill from u. There are always opportunites to buy that stock or other stocks at lower prices.
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mike8057d Veteran	18-Jan-2008 13:53        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	ok..thanks for your opinion
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zhuge_liang Supreme	18-Jan-2008 12:52        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	If you treat a paper loss as not a loss, then you become complacent. You'll keep hanging on to the hope that it'll break even in the future. In the meantime, the loss gets larger and larger. If you treat it as a loss, then you'll feel the pain and cut loss early. Thereby preserving your capital.
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Livermore Master	18-Jan-2008 12:49        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	"Read about someone who said paper loss is not a loss if you have not sold your shares. That is a very dangerous thought." - Livermore. I accidentally used someone's nick.   Managing your risk profile or money management is the number 1 rule in investment whether you are a trader or investor.   There is a friend who has 14 stocks. So when he is stuck with these shares, he keeps buying a new share. Soon he might have 20 stocks. Rebalancing your portfolio into few stocks of maybe 2 or 3 would be a better option.   As I mentioned before, at any instantaneous point in time, your share value i.e let's say share A is worth $5k, is the same whether it is in share A, B or C etc.
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mike8057d Veteran	18-Jan-2008 11:38        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Pwong1....what is your view then?
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Pwong1 Member	17-Jan-2008 21:58        Pwong1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Read about someone who said paper loss is not a loss if you have not sold your shares. That is a very dangerous thought.
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greencarben Member	17-Jan-2008 19:19        greencarben About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi. I'm new to investing and hope some one can shed some light on 'Securitie Lending and borrowing' scheme. As i'm sitting on paperlosses and thus plan to hold onto my shares for a while, does it make sense to sign up, to earn some $$? Is there any lock up period and how long? is this imposed by the brokerage houses? or can these shares be traded anytime (as mentioned in SGX website)? Have anyone tried SBL before? Appreciate your views on this. Thanks in advance
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mike8057d Veteran	17-Jan-2008 14:02        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Alligator, thanks.
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zhuge_liang Supreme	17-Jan-2008 13:53        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi failure, I agree with Centaur that it's not lousy stocks, but bad timing. You buy at too high a price, when the price soared or plunged. Too high and the price is about to fall. Try to catch a falling knife and you cut yourself. You can use TA and FA. Yes. Oversold can be more oversold. What I do is look at worst case scenarios. For example, over the past year, the lowest this stock plunge is when the RSI is around 5%. So I buy when it reaches this level. These bottoms may only happen 3-4 times a year, but the gains can be quite substantial. No need to trade too often. Who makes money during this volatile times. Shortists, those who bought put warrants and those who manage to catch rebounds even if they last just 1-2 days. But their timing must be very good. Hi Lazyhorse, Looks like you set unrealistically high targets. Remember that the longer you hold the greater the uncertainty, especially for penny stocks. You never know what will happen. Its important to cut loss early to preserve capital. There are always opportunites to buy that stock or other stocks at lower prices.
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cashiertan Elite	17-Jan-2008 12:17        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	MAni, I am ok with anything abt u and in fact agree with you but this genie thing. hope u dun mind. if genie really so good, i think those who have it would have posted abt it. if u can recommend a real good ebook, i would support u all the way. i am like that i aim at issues not people.
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cashiertan Elite	17-Jan-2008 12:13        cashiertan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since everyone hear Mani side of story abt genie, i think it is fair to hear mine. personally i have genie and i am not selling it hence i think i can give a relative fair view. i would suggest one to go to www.stockcharts.com 1st to read. the trading education is sufficient to train u to trade profitably in a trending market and not really like period like this. even genie dun cover this. Seriously i would highly recommend 1)Trade Secrets Video System It is a pratical 4 simple systems for trade entry and how to trade the simple but professional way. i have incorporated it into my forex trading with good result.  I tried it recently by buying Biosensor and based on its system, i bought Biosensor and manage to catch the rally. Since there are others who got this system with me they should know how i traded BIG and profit from it. after which u can consider buy "The Genie Tutorials" from mani as a encycopedia to keep and maybe once awhile refer to it. this i admit genie will be a good use to further enhance your foundation in trading. REason why i recommend my way of studying. Learn how to trade profitably and pratically 1st. One dun need to know the whole principle of fishing rod and fishing in order to fish. in fact u can learn how to fish 1st than learn others as u earn. i dare to say that those who buy genie havent have the chance to earn much as it is to much time to read all theory.
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Alligator Veteran	17-Jan-2008 12:01        Alligator About Contact  Quote this Post! Style: Combined   Yells: "learning from past "
x 0   x 0  Alert Admin	mike, last time i check that was about USD99. but i think several people buy and share with others to lower their purchase price.
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