I tend to follow Livermore style.

He does not hold many counters and so me too.

Livermore does not trade very much,that is,buy and sell or sell and buy.

For me,i keep things simple,will not sell if the counter does not go up 20%.

And thus enjoy the dividends while waiting for it to move up 20%.

If u follow Livermore,he uses margin lending.So do i.

Hehehe......that is the way stupidfool play,just follow people.hehehe.Thus i very seldom cut loss.

sarahlkh      ( Date: 25-Apr-2008 17:56) Posted: hi SF, i am starting to believe in cut loss, sometimes i do, but feel that i have not practised often enough. however i do more avg cost investment = buy in again when its low. basically if the stock is something that is worth holding on  .... u? stupidfool      ( Date: 25-Apr-2008 17:08) Posted: icicic....so if there is no decent profits,u will continue to hold???? you do not practise cut loss theory???

base on my experiance, playing stock is easier, but the money is not so liquid, since we can't take profit in one day.  Intraday trading is not so good nowaday.  And also the stock volume is to small, so tend to be used by smart money to manipulate.  In stock exchange, who own more money, who own the floor.  So, you need to play more expensive stock in order to have safety.

In forex market, no body can manipulate the price.  And also there is only a few pair you need to learn.  So, you cut the number of thing you need to observe.  Since there is no body can manipulate the price, the price movement characteristic also quite stable means predictable.  This is the reason why play forex is more simple. 

In stock market, you need to adjust your technical analysis with the fundamental thing, to avoid fake signal.  Fake signal means the probability market is being played, and we become the victim.  In Forex market, no matter what the news, we just now there is a movement, but we can't predict which direction.  But, by using indication from our technical analysis, we can determine the probability of its movement. :)

Hi cathy, I can tell you which indicator can be apply to which counter. 

I have investigated 642 counters in SGX .. so that why I know exactly which indicator can be used for which counter.  It took me 1 year and more to do this research. But, it's worthed.  :)

Because this difficulty, I'm prefer to play forex.

icicic....so if there is no decent profits,u will continue to hold????

you do not practise cut loss theory???