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teeth53 Supreme	28-May-2006 23:52        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 1  Alert Admin	Hi lewsh88, This what a well experience man will said, congrat... U got yourself a live partner (ur wife) who knew how to nip at certain good stocks when d going is low and when when nobody know that is a good stocks to hold. How i wish to add if i can, sentiment play usually can over take greed and greed can't be corrected when one must learn expensive lesson. yahh..agree w/U.
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Nostradamus Supreme	28-May-2006 21:31        Nostradamus About Contact  Quote this Post!
x 0   x 2  Alert Admin	Hi Novocaine, You can open a CFD account from almost any broker. Compare the commission rates and how long you can hold first.
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lewsh88 Senior	28-May-2006 16:12        lewsh88 About Contact  Quote this Post!
x 2   x 0  Alert Admin	Hi paulng, I mentioned few days ago in the forum topic "Hear from the man" that I've been trading for 20 years and still call myself  "a novice". Just like you, I've bought shares at $5 and it became $1. In fact, I was "clobbered" during the CLOB days and was poorer to a tune of about 300 grand! I've since recovered back all of it and in the black now, thanks to my wife who helped me to "nibble-trade" while I was working overseas most of the time. Some of the salient points I've learnt to date include: 1. Trade only with my own money. I've never  borrowed money to trade stocks. With my own money, I have holding stamina. With blue chip stocks, what goes down will come up. 2. Fight greed. My mistakes are usually greed. I've bought stocks which doubled in price within two months and I'm still holding till the price dropped back to the starting point again!! Since joining this site two weeks ago, I've learnt a lot from all the postings by members and find them very useful. Happy trading and good luck to all members.
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Livermore Master	28-May-2006 14:43        Livermore About Contact  Quote this Post!
x 1   x 1  Alert Admin	Margin trading is a "double edge sword". But I believe if you play it the smart way, you can make money. Although I use margin trading, most of the time I hardly cross over to the "borrow stage". The interest is quite negligible. Let's say is 6% interest per annum. If you put in S$10000 capital, you could buy shares up to $30000. Let say you borrow $20000 for a month, the interest would be only ($20000 x 6 x 1/12)/100 = S$100. You should only start leveraging when you are in "profit region" i.e average up as the earlier lots you bought at lower price have been covered. It might not be a good idea to use margin trading to average down too much but maybe very minimal lots to "corner" the share price. Marging trading gives you much "more room" to play as long you don't go "overboard" with it. The "leverage tool" can help you to make good gains but it can also ruin you. Do be careful.
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keejang Veteran	28-May-2006 00:51        keejang About Contact  Quote this Post! Style: Technical   Mood: Yells: "Me Me"
x 2   x 0  Alert Admin	Hi paulng, I admire your honesty and strength of character to continually improve yourself after your retrenchment. I also understand the fear and greed that comes when you are trading with real money. Emotions have often caused me to execute bad trades resulting in losses. To be successful in trading, one must first overcome these emotions and be objective in your decision making. However, its easier said than done because the emotional battle occurs every single trading day. I look forward to more of your postings! Kee Jang
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paulng Member	28-May-2006 00:37        paulng About Contact  Quote this Post!
x 1   x 0  Alert Admin	Thank you to those who gave me positive rating on my message.  That was my first message posted in this forum and may serve as a introduction for myself.  In my opinion,  if  I can have a manageable job with decent pay I would rather not be a full-time trader but trade part-time.  Won't feel so pressurised or gut wrenching if mistake made in trading.  At least can fall back on monthly paycheck and can adopt buy and hold strategy.   I am free now but spending time reading books to learn TA: RSI,  financial reports, current ratio, etc and taking up a course in US shares.  In time to come, hope to have a job and also to foray into US market which has about 14000 listed companies compared to a few hundred locally.  Besides, US market starts at 9.30 pm and I can get involved if  I have a daytime job (not too sure when to have a job, retrenched in my forties).  Also maybe lessen the vague senses of guilt and  "cannibalism" trading locally (One S'porean gains/earns but some other S'poreans got to lose, even though foreign talents are involved). Paper trading is fine at first.   When personal real money is involved and along come the mixed emotions of fear, anxiety, greed, hope, expectation and so on, only then real valuable lessons and experiences can be gained.
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Livermore Master	27-May-2006 20:15        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	My idea at this point of market correction is to "nimble" bits with wide price difference. In this way, you can "corner" the share price. Eventually the share price is "cornered" and has no where but to go up. Don't use all your "bullets". "Fire" more bullets in stages once the share price goes above highest purchase price. This is more applicable for stocks with potential to go up. It would be best to start "nimbling" some where near the bottom so the share price is "cornered" faster.
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paulng Member	27-May-2006 15:19        paulng About Contact  Quote this Post!
x 1   x 0  Alert Admin	When I first started off in buying and selling shares (initiated by the hype created by Sing Tel shares coming into the market), I had a naive concept of buying into Government Linked Companies (loved and trusted PAP) .  Bought Keppel Corp at $14 then it dropped to about $1.  Bought Sembcorp about $5 and DBSland also about $5 - both also dropped to about $1.00.  Using cash and CPF, I continue to have a averaging down and buy-and-hold strategies throughout the years.  Present situation:  Capitaland(DBSland - 22 lots @ $1.80 each lot,  Sembcorp - 25 lots @ $1.90,  Kepcorp about 3 lots - average price $6.00ea.   Sold Kep 1 lot at $7.80 and 2 lots at $13.20 quite recently. Selling off capitaland and  sembcorp next week. Had a good mind intending to sell off capitaland when it was $5.00 2 weeks ago but was influenced by trading representative to hold.  Feel like giving him a box in the ear now or maybe sue him.  I am retrenched now since Feb 2006.  Forced to consider to be a full-time trader.  Taking up course run by a person named Michael on trading for a living involving US market.  Course fee comparatively cheap compared to other courses.  Attended quite a few course preview,
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Novocaine Veteran	27-May-2006 14:53        Novocaine About Contact  Quote this Post!
x 0   x 2  Alert Admin	hi nostradamus..i have always wanted to open cfd account but not sure how it works..n its onli available in poems ryte?
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Nostradamus Supreme	27-May-2006 13:16        Nostradamus About Contact  Quote this Post!
x 1   x 2  Alert Admin	Hi FORREST, Be careful about trading full time. Now the market is bearish. Not like more than 2 weeks ago, when it's bullish and you can make money with almost any stock. You may want to open a contract for difference (CFD) account. You can use it to short sell when the market is bearish. It's going to be difficult making money in this market.
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FORREST Member	25-May-2006 23:31        FORREST About Contact  Quote this Post!
x 0   x 0  Alert Admin	hey all. i'm using DBSVickers online...which agents offers the cheapest commission rates? the commissions they charge are rather prohibitive of trading too many times in a day. thanks for any input.
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FORREST Member	25-May-2006 21:31        FORREST About Contact  Quote this Post!
x 0   x 0  Alert Admin	hello everyone. i am seriously thinking about doing stocks trading full time and would like to find like-minded friends to chat and discuss stuffs and exchange notes.. anyone uses msn? mine is forrestme@msn.com pls. feel free to add me! Thanks.
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singaporegal Supreme	25-May-2006 21:05        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 2   x 2  Alert Admin	Hello puntit, I usually use POEMS or ShareJunction's charts which are good enough for me.
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puntit Member	25-May-2006 19:46        puntit About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Singaporegal, As you are  onto TA, would you recommend a good basic charting program/utility for some basic TA?  Thanks.
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tonersweat Member	29-Mar-2006 08:48        tonersweat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Singaporegal thank you for your information.
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tanglinboy Elite	29-Mar-2006 07:38        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 1   x 0  Alert Admin	thanks Singaporegal. This is a good thread! I use mainly FA and don't really understand TA. this thread explains some concepts to me.
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singaporegal Supreme	28-Mar-2006 21:56        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 3   x 2  Alert Admin	Here's the list I keep a close track of. These are stocks whose average volume is consistently above 1000,000 and whose price is > 1.5 and < 4.0. I don't usually trade out of these basket of stocks. Allgreen Ascendasreit CapitaComm CapitaMall ChinaFish ComfortDelGro Cosco Corp HPL Hyflux JurTech KS Energy M1 NOL Olam Pearl Energy RafflesEdu Sembawang Corp SembLog SembMar SGX SingTel ST Engineering StarHub UOL Hope this helps!
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singaporegal Supreme	28-Mar-2006 14:43        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 2   x 2  Alert Admin	I think you should try out paper trading first before you do it for real. You should also check out other techniques and also FA in addition to what I posted here. BTW, I have the list of stocks that are between $1.5 to 4.0. But the list is at home... will post the list tonight.
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tonersweat Member	28-Mar-2006 11:37        tonersweat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, Thank you . Will scan through the market and follow the technique
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singaporegal Supreme	28-Mar-2006 11:35        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 2   x 2  Alert Admin	HEE HEE ! Sorry... typed too fast again. My fingers worked faster than my brain. What I meant is this - 1) I only look for stocks that are GREATER than $1.5 or LESS THAN $4.0 in price. Because I think TA doesn't really work for stocks <$1.5. For stocks >$4.0, I think its not worth investing in those. The profit margin is not there. SORRY FOR THE CONFUSION !!!!!! PAI SEH !!
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