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How much have you lost so far.
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Livermore
Master |
23-Jan-2008 12:29
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Hi Alligator, Maybe you mistook what I meant. Let's say you have 10 stocks and your net profit is $10k. Then the market corrects. You would need to go through every 10 stock to see what is the paper loss. Then $10k - total paper loss is your net position. I have this colleague who likes Tat Hong but he said he is stuck with more than 10 stocks and no money to buy. If I were him, I would sell and transfer the non performing stocks and consolidate into Tat Hong. But it is mindset that is hard to change as to most selling at a loss is a loss and sometimes people see things differently. As I said," At any instantaneous point in time, your share value i.e for example your share is worth $5k, that $5k is the same whether it is A, B or C etc share" |
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jackjames
Elite |
23-Jan-2008 10:19
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i think none of you guys know what is business.. i give you one example, just by selling textbooks from clementi bookstore to US , can let you earn nett gain of SGD 10,000 per month, do u realize? you don't , right? http://feedback.ebay.com.sg/ws/eBayISAPI.dll?ViewFeedback2&userid=speedyservice05&&ftab=FeedbackAsSeller&sspagename=VIP:feedback:2:sg&iid=190072776813 this is just one example to show u , how much can earn in just one day... another one, do u know how dirt cheap is indian curry powder in india? do u know how much it sell to Tokyo japan? I will let you guys know in details if u want to dig out.. come on, how can u live your life in just stocks only.. that's just side income... for Mani, stop offering me your stupid tutorial, i am not interested at all. that is rubbish for me, u know. like cashiertan said, you want to earn that pathetic commision to sell one is it? |
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cashiertan
Elite |
23-Jan-2008 08:46
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thats y i so tulan whenever i see genie. hope u understand my agony |
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cashiertan
Elite |
23-Jan-2008 08:40
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i pass genie to few of my frens to see, most of them ask me why i pass it to them and waste my $ buying it. now still tulan when i remember what they tell me. "print out the 500+ pages of genie ebook also end up use as paper weight. " one of them said this, i still remember clearly. "at 1st look quite good leh, later far from good, all basic stuff , all can find at websites leh. " said another.. |
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cashiertan
Elite |
23-Jan-2008 08:33
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as i said before, u wanna sell ebook, sell a good ebook, dun sell useless one which contains thing i can find at websites for free. u find a good ebook and sell, i will sure recommend to others. make $ also must see how u make lah.. |
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Alligator
Veteran |
23-Jan-2008 08:33
Yells: "learning from past " |
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Livermore, I read that if you hold too many counters you need to press a lot of calculators to know your position. But now is internet age, it is very easy to know position using free finance tool, Yahoo Finance tool is free and yet very fast, abeit 15 minute lag on Singapore stocks and may be 30 minutes on Hong Kong stock., stock price are updated by streaming without you having to keep pressing keyboard, just enjoy coffee and watch the price movement. If a person need faster he can pay for the service for ON-time update. It sounded like for your case the free service is good eonugh. For your info, you can key in all the costs like transaction cost, commision at buy, sell, cash in, cash out, Dividend, etc so your position is really almost known, especially when you choose the performance report ( in which gain loss are immediately view and known), subject to the 15 minutes delay on their data streams coming through the stock exchanges. Also some people might handle multiple portfolio for many reasons, it is very easy to see total positions by clicking. Just need to set browsers to have tab browsing for fast viewing on each portfolio. |
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cashiertan
Elite |
23-Jan-2008 08:31
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no offence but Keep it to yourself that living religion thingie, WANNA make $ from selling ebook isit? i still think genie is CRAP /CRAB everytime i look at it (same with the master trader) really regret buying it for $10! now i just read the 1st 3 chapt is more than enough. genie wouldnt help much in actual trading. what it teaches are all found in the below websites i still think the below websites are more stuff, more examples, better and free. |
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cashiertan
Elite |
23-Jan-2008 08:20
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TA EDucation Website (FREE) DecisionPoint's TA Course The Investment FAQ TA Basics TASC Traders' Glossary The Motley Fool's Investing Basics Sensible-Investor.com |
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Livermore
Master |
23-Jan-2008 07:45
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I can understand how it feels to lose money in the market. I have gone through that phase before. Just share something I always told myself last time. Keep track of your net position at all times. When you are near breakeven and share prices are falling, just sell everything. Dsicipline is the key and at times I also lost discipline. I never like buying too many shares. If you have 10 shares, you have to press the calculator 10 times when market corrects to calculate yourt net position. Previously I used to trade a lot "in out in out left right centre". I made but when share price turned down, I just gave back what I made. I realised I am just not a good trader. So if one is not good at trading cut down down on trading activities. Although I opened a CFD, I won't be like trading every other day. I just think it comes in useful for major turning points of the market. |
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cashiertan
Elite |
23-Jan-2008 06:54
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to those newer guys, go to esnips.com and serach for free ebook, "one shot one kill" plus others ta books. for TA training, go to www.stockcharts.com free but very good TA school |
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jackjames
Elite |
23-Jan-2008 06:49
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thanks, i don't need those crabs, :) |
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Manikamaniho
Senior |
23-Jan-2008 05:28
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By the way, The "Genie Tutorials" (click to see) also teaches you how to trade in a falling bear market!!! 
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Manikamaniho
Senior |
23-Jan-2008 05:26
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Jackjames... :) |
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jackjames
Elite |
23-Jan-2008 00:05
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just gone through my excel spreadsheet carefully just now. stock trading since year 2004-2008, about 4 years. After all the contra gain, loss, sold, admin charges, 4 years, total result, loss SGD 1056.71 (those are closed deal with all dividends counted in) paper loss right now is SGD 30643 (with today closing price)... heee... not too bad la... my counters holding are HPL, HoBee,ChinaOilTech , those super bull , ha ha.. dropping 30-35% , but hey, I am confident it will bounce back, not in a hurry to cut loss.. that's my sharing of my trading history.... , but if i don't trade at all for 4 years.. i should have just in better position lo.. but again, must pay tuition fees what.. |
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educator
Member |
22-Jan-2008 21:37
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Hi cyjerry85, Thanks for the offer but I'm ok. I just feel depressed that my hard earned retirement money is lost in such a short time. At least I am in a better situation than some of my friends who have to come out of retirement to go back to part time teaching.
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AK_Francis
Supreme |
22-Jan-2008 16:31
Yells: "Happy go lucky, cheers." |
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Closing no, HS -2061; NK -752; DJ Future down 641 pts. What a tragic moment for All investors. BTW, my judgement is that once the paper loss is greater than 10% of the capital, then I will treat that counter as a loss as it takes amber time to recover back. Henceforth, I will consider to download any counter if losses break 10% and above over the capital cost. But at times there is exception as well. Cheers folks, I will go for a beer after 5pm, stress ah!!! |
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Manikamaniho
Senior |
22-Jan-2008 16:19
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"Not Losing Is Already Winning"... Get this manual now !!! for future survival!! => "The Genie Tutorials" (click to see)...
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ygc91285
Member |
22-Jan-2008 16:16
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Total Damage = -23% in FY2008. No loss in capital though. Not holding on stock until dust settle. Realli a bad way to celebrate CNY.... |
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mike8057d
Veteran |
22-Jan-2008 16:07
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Cheongwee....I remember someone in the forum said that paper loss is a loss......personally for me, paper loss or gain is not counted until you sell and get the money, then you can declare loss or gain. |
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elfinchilde
Elite |
22-Jan-2008 16:06
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yah. their salaries went up from 1.2mil to 1.9mil. like, huh, that's more than 50% increase. justified on what basis? Meanwhile, for us common folk on the ground, inflation going up, price of everything going up, salary may be going up, but if you look at inflation, the increase doesn't even beat it. that's why the ministerial elite and kakis can afford to have qian jing, sheltered, arrogant daughters who can blog "get out of my elite uncaring face." qn the value of this country man. kbkbkbkkbkbkbkbkbkb. |
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