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jie1313
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31-May-2013 22:04
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Iluvboost, yeap, have been reading up always, but just that, as to understanding it, takes experience and more reading yea.. haha..
Height00.. no way to turn back the clock. Ard 40k is in the freezer alr.. sigh. Tea444u, cna and sitra, to name a few. I somewhat hv strong tots of cna, i think they honestly hv potential.. recently got into the most recent ipo too.. Do u all think it could go back to my price? I am willing to give it a year time. Anyone of u have good insights into the above counters? |
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ace333
Supreme |
31-May-2013 21:54
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tonite DJ up 100-200pts......STI will chiong or drop?
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tea444u
Master |
31-May-2013 21:24
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what did you buy? can share with us the counters? 
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height00
Senior |
31-May-2013 21:07
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Hi
If want to adopt the skill why not just trade a small amount first before taking big position else one time you loss everything but still not yet having the skill of spotting stock like haylcon and dukang but today good chance to buy as many people are gloomy go |
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iluvboost
Master |
31-May-2013 20:40
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Everyone has different trading style and risk level, from what i see, i can understand Stockcham playing style already. and also the shortist Ace. U must determine yr style of play, if it doesnt make money, means the style is wrong for you. U also need education in this area, read up on all strategies and data, news,  TA, FA, psychology, price and volume. it takes months and years of live trading to refine yr skill to make consistent money. IPC has chance to move up, its under its NAV   203 at the moment.   Oei Hong Leong, SSH, bought up 37k lots of shares recently.
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Ingiro
Member |
31-May-2013 19:50
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Bro stockham, very good sharing thanks. Today I got in viking in the morning but couldnt monitor and cut loss in the evening. Ramba gave me some hope, I will see on Monday whether to sell off or long this counter. Cheers | ||||
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jie1313
Member |
31-May-2013 19:04
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I saw the light after reading you, really thank you from the bottom of my heart. May Mr Market bless you! I contra as well. But the paper losses are not contra, holding on to it and waiting for it to rise somehow, one year I am prepared to? I really have loads to learn, trading is not as easy as it seems. May look stupid to you, but i wan to ask.. Assuming counter  X  is at $1.05 with  100 buy queue at $1.00 and 50 sell queue at $1.05. If you own this stock, you will be hoping to see the 50 sell queue being traded off correct? I.e. the " time and sales" will be reflected as, 10, 20, 20, all as " S" . If so, then it will move up one pip. So in conclusion,  many " S" in the  " time and sales"   will move it up yea? I apologise if i got it wrong and looks stupid..  
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Tiencheong
Member |
31-May-2013 19:00
Yells: "Second life" |
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Great advice, where to get charts that can show the support and resistance.
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GorgeousOng
Elite |
31-May-2013 18:43
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Very sincere sharing! Need more people like you in SJ! Cheers!
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kelvinLim123
Master |
31-May-2013 18:42
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Mai Kay Kian, mun mun lai. dont buy reit first, let ppl sell . reit are rate sensitive, fund are selling. |
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Stockcham
Elite |
31-May-2013 18:37
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Bro jie1313, you mean paper loss $8k plus is it?. You play contra also?. If not contra, it will go up one. If contra, then that is quite an amount. I went through the same as you the last time. When I loss too much, I also thought of realising the losses and just take a good rest. Come back agian the next time. But I do thought over it on why I loss. If market no good and loss, then I should not trade at all. Wait for bull run first then play. Chances higher. But if the market is good and I still loss, then I asked myself why I loss. Is it because the timing is not right?. Everytime chiong kena stuck at high?. Bro, I will like to share with you this. I have come to realised a few reason why I loss. 1) When a counter moves, I get excited but don't dare to buy. Then it moves some more, I buay tahan chiong. Once chiong, the counter stop moving and start to drop. Many people kena this including me. I kena last time many times. Now a bit smarter but still kena at times because of emotion. To tackle this problem, I use a chart to see the resistance. If the price is still quite far away from the resistance, I may buy. Why not buy straight?. Becuase I must see whether any constant buying coming in. 2) I did not cut loss fast enough. I always wait and wait, hoping for it to rebound. Why I wait?. because the buy queue got quite big volumn compare to sell queue. Someone may eat up. When the buy queue gone or being throw out, drop one pip and still see good buy queue. wait again. it melt slowly. When you finally realised it after calculation, it is already quite a sum. Since loss so much, hope tomorrow will be better. So wait until tomorrow. To tackle this problem, again I use a chart to see the support price. If the current price is very near support price, you can wait as long as the supoort don't break. If the support price is quite far away. Better sell if it drop 2-3 pips after you bought it. Why I say sell?. because when I buy a counter, I expect it to move up. it cannot keep going down. If it does, then something is wrong. Take for example IPC. I expect it to moves up soon. I did mentioned that it hover around 0.167-0.169 and support at 0.17. Before market close, it seems to break 0.17 liao. But I still have the lowest 0.167 to support. During matching time, I can see that it is going to match below my last support of 0.167. I quickly cut it by joining in to match sell. How it will move on Monday I don't care. I only know that it is more risky for me to hold after it break the support. You see, I just bought 0.173 yesterday. But I still cut it today at 0.166. I loss quite a few pips(about $2k) but I still cut it. If last time, I will wait and see. This morning also bought Viking matched buy. When it moves the other direction without moving up. I cut it and loss $1k plus within 2 hours. Must dare dare cut. Today I bought CNA and it closed at its support price 0.155. If Monday break 0.155, I will throw straight sell at 0.153. I give myself  2 pips allowance. I'm going out now. Share more if I have time. Good luck bros! Tomorrow will be a better day.
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risktaker
Supreme |
31-May-2013 18:19
Yells: "Sometimes you think you know, but in fact you dont" |
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Tonight US drop 200-300 points.... STI will chiong or drop? | ||||
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SJ-Stomp
Senior |
31-May-2013 18:03
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Pls don't feel offended. The way all of you play share like doing business in pasar malam...police come run like hell !!!! No system....some invest by hear n say....no time to monitor ..as you guys have a full time job....sincerely tell me , how many of you really make big money???? | ||||
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jie1313
Member |
31-May-2013 17:46
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Trying to be positive but still think I got the shortest straw, feel like giving up.. So far realised is a profit of $1k nia.. Paper loss standing at $8 plus, gosh.. Somehow feel like giving up and sell and realise all the losses!!
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Stockcham
Elite |
31-May-2013 17:26
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Today is bro ace333's day. Bought a few counters  and also sold more counters today.  Overall today loss 1/4 of my yerterday's winning. Still have 4 counters. 3 loss money and 1 breakeven. Not a good day man! If Monday morning still weak  lim peh will throw all away. lol ! Good luck all! |
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novice_trader
Elite |
31-May-2013 14:30
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Bro Stockcham, I just sold it... Lost $$$ abit bcoz cut lost. So not sure whether I can go in once more again.
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ace333
Supreme |
31-May-2013 14:22
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ya covered loss a bit......but also GOOD  coz now I am not LONG and waiting to SHORT amplefield......LOL
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joseeng
Master |
31-May-2013 14:09
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bro, you are gd! i am monitoring this too.....waiting for more volume before jumping in....lol
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Stockcham
Elite |
31-May-2013 14:04
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Bro joseeng, I bought CNA again. Not much selling after chiong so much. Support at 0.155 should be quite strong. Dare to buy?. lol!
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joseeng
Master |
31-May-2013 13:24
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gd luck bro! i am simply amazed by your wide selection of stocks......lol
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