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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
16-Aug-2011 01:00
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Sifu WarrenB. gave so much good and valuable teaching... I like... ![]()   |
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iPunter
Supreme |
16-Aug-2011 00:51
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I agree with Gaecia ...         Betting with other people's money and getting paid highy for it is the ideal job...                 Whereas betting with your own savings can be suicidal, if I may say... ![]() |
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warrenbegger
Elite |
16-Aug-2011 00:50
![]() Yells: "Anyhow Buy Anyhow Die ^_^" |
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Sorry la, i cant vomit all my strategy out except some counter that i find worth to hold and see how egg turn to chick then chicken. I got around 5 STI stock that i always play so i will just play quietly, STI stock dont need to promote one, all knows how good FA r. Tips for u. When STI fall the heaviest, u need to be brave, know what to catch and know how and when to run. Thats how easy money make in some bad times. When i catch those falling stock, theres a risk to kanna whack hard thats why i dont promote risky style of my other play. STI can up down a lots if u not careful. Theres r many play that can profit in the market, just thats people like to play complex game which is different from me. Eg, if all player see then same TA and i know what theres r thinking,  i will do things faster than them( They play left and i like to play right), i just do it, just sell it, is a kind of market experience that inside my mind. If u r a kungfu expert and when someone punch u, u just block it without thinking. But thats need years of training, some success, some forever fail. U can learn all the strategy and knoweldge of stock play in this world, but if u lack of  3 simple key, u also can fail big. Thats is the most simplest and hardest to put inside your mind. Same old thing in thousand years, Patience, Discipline and forgiveness... I stop here now, if not i can write a book liao. Book just give u knoweldge, is yourself that give u real market experience, book is dead, market is alive.    
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xing78
Elite |
16-Aug-2011 00:49
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Well, you do need to have a proven track record first before the majority of the people are willing to fork out their hard earn money to buy your books and listen to your teaching method (or Bull-Shit, some may say). Ok, that's about it. Thanks for the advice. Let's see what we have going on in the markets today. Looks like most of the sectors are up (even Gold is up) except for the dollar from US Market open till now. Most Financials are strong today, Morgan Stanley rebounded today from last Friday's sold down. Looks to me we will have a positive trade in Asian markets tomorrow unless maybe Botak Ben comes out and say some nasty words. :p 
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Gaecia
Elite |
16-Aug-2011 00:44
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I heard that  a certified  trader for those foreign brokerage houses ie. Goldman Sachs  draws  so much  paycheck, its  rather obsene. The best part is, your play $ is on the house. The  pressure & hours are as expected,  immense and erratic. Still suited for candidates in their early 30's. Ain't that even more ideal? ![]()  
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iPunter
Supreme |
16-Aug-2011 00:41
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Many professionals, eg. accountants, engineers, doctors, lawyers, etc     have gone into 'full-time' stock trading at some time or other...               Many have found by the hard way that it just doesn't work that way.                     The best and least stressful way to make good money is not by trading, but                                 by writing books on trading and also teaching others (for high fees) how to trade... ![]() |
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xing78
Elite |
16-Aug-2011 00:35
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Yes, I fully understand what you are trying to say. During the 2008 downturn, I went to a property auction with my cousin. At that time, he swoop up 3 properties within a period of 1 month with upfront cash and no loans. I thought he must be drunk at that time. He is now happily retired at the age of 40 in UK and only now I realized the actual unsober guy was me.  
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xing78
Elite |
16-Aug-2011 00:25
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http://exclusiveeconomy.com/2011/03/worlds-top-gold-reserves-by-countries/ US has the most gold reserves in the world.  Even they have lost faith in their own fiat currency. China and Japan has most of their reserves in USD. They stand to lose the most with a weak dollar.  It will be a full blown currency war very soon.  
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warrenbegger
Elite |
16-Aug-2011 00:21
![]() Yells: "Anyhow Buy Anyhow Die ^_^" |
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NO! I only treat stock as hobby. There r some times that market r unplayable and u must had patience to get over that bad times, and during that bad time the only thing u can do is work. U cant trade everyday if u want to be successfull, the more u anyhow trade everyday, the more chance u will kanna bite big. Trading can be very stress, the worst is kanna bite big, kanna sai market hard to play (bull, bear, side also die) and everynight cannot sleep, naked woman stand in front of u also no mood, or turn siao vent anger and whack up that poor naked chick. Pour tomato or chile on her, make her sing song play balls. Thats very bad u know :) Is not about how many U trade, is about how many U win. (Sometime a few trade a years can earn big big if u time well)
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JUNWEI9756
Supreme |
16-Aug-2011 00:18
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That's a nice one ! We never know what is going to happen. 1997 and 2008's crisis is two big lessons to be learnt. Now the trend is shorting the market. Last time we don't. We buy this at $1 and we wait for it reach $5. Now its not going to happen. Times have changed. We always have to follow the latest trend. We dont have some $100 million to manipulate the market. So best thing is to be humble and follow the trend. More to learn from you Sifu ! 
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xing78
Elite |
16-Aug-2011 00:18
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To be very frank, I have a wake up call during the 2008 economic down-turn when many companies including mine are laying off staffs as easy as changing clothes. Having work for 10 years after graduation and traveling a lot due work, it make me realized that there is no job security working for a company in the private sector anymore. The company I worked in unfortunately just laid off 50% of her staffs last month and in the midst of moving out to Vietnam (Cost in China also has gone up significantly). The fortunate thing is I am still 33 this year and can easily gone back to my old trade in engineering line if things doesn't work out.  My capital is limited now to start up a business but I was hoping to accumulate my wealth via full-time trading before moving onto that.  My losses during the 2008 crash is SGD50K and has moved back up into positive territory since mid 2009.  Any advice is welcome.  Thanks 
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EdwardLiu
Senior |
16-Aug-2011 00:17
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iPunter
Supreme |
16-Aug-2011 00:16
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Last time got no fierce quarrels about happily increasing debts forever...         Now got quarrels everywhere... more and more people                   becoming more well-informed, smart and  'garang' ...                         But today's haywire world is caused by the wrongs of the past... ![]() |
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Isolator
Supreme |
16-Aug-2011 00:12
![]() Yells: "STI is hard landing to below 2000..." |
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Honestly, my view is...... Try to have some sort simple income like rental, dividen, interest income that you can get regularly... Before  becoming a fulltime trader.... Peace of mind is very important..... Never let money control your emotion..... Actually, a Full time trader is trading part time..... lol |
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warrenbegger
Elite |
16-Aug-2011 00:06
![]() Yells: "Anyhow Buy Anyhow Die ^_^" |
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True, thats why BB cum FM always jump faster in front of U and run road faster than U, if not they will hold their cute baby with tears beside their eyes... Market is very cruel, u wont know who sabo U. When crisis come, stay same cave together with BB/FM either  will support u or rape u very hard than others cave. That why once when stock crash warren buffalo cannot run,  he said if he run,  those stock he hold will crash more horrible  and burn more peoples. He got big hearts... He didnt run, he didnt cut lose, he didnt jump in and out, yet he is one of the richest in the world, thats their old world. The world nowadays just dont work that way anymore. The world now is, Ah siao world. Nowadays all anyhow play until the whole world dont know whats u playing also, thats why market is more unpredictable now than last time. We had change...
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iPunter
Supreme |
15-Aug-2011 23:59
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First and foremost, do you have any credentials to qualify you to be a full-time trader?     Or do you think that anyone can become a full-time trader without the necesssary training?             But I assume you must have been preparing yourself by reading books in the stocks field?                     Are you prepared to lose a big portion of the $300,000 capital?                             Why do you want to be a full-time trader?                                       Hope you can provide such info for meaningful discussion... ![]()
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alexchia01
Elite |
15-Aug-2011 23:57
![]() Yells: "Catch The Stars And Ride With Them" |
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Don't do this unless you are ready has a proven strategy that works for you.
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xing78
Elite |
15-Aug-2011 23:50
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Hi Bros, I was wondering how many of you are full time traders in this forum? I planned to quit my job as an engineer due to company restructuring to concentrate on trading full time from this October onwards. Will give it a 6 month period with a starting capital of SGD300K (CPF + Cash). Hope this is the right move.  :p   |
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Salute
Master |
15-Aug-2011 23:49
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wao, you stayed behind scene action and no talk..........secretly buying up........at least your tiong seng rewarding you already
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warrenbegger
Elite |
15-Aug-2011 23:41
![]() Yells: "Anyhow Buy Anyhow Die ^_^" |
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LOL! Cannot anyhow short la, wait kanna shot. Market already over hang liao, need a rest first. Market tell me to play short  package  first, Cheers! And i load  U96, BN4 and K2P at lelong px last fri, will use TS to :)
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