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STI to cross 3000 boosted by long-term investors
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Manikamaniko.
Master |
07-Nov-2007 13:45
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Ayo... why you so humble? |
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Fairygal
Veteran |
07-Nov-2007 13:39
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Dajiejie in terms of food, relaxation, and backpacking, yes. He he! In terms of $$$ management and money grow money, I am learning from you and the others, am still a xue tu! |
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Manikamaniko.
Master |
07-Nov-2007 12:56
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Fairygal... :) Wa... we can learn so much from you... thank you... Maybe we now have a real Dajiejie... hehehe... 
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Fairygal
Veteran |
07-Nov-2007 12:39
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There are quite a few individual stocks out there which can weather the minor "corrections". You will see that while the general stocks fell, they are still pretty much upright, some even on the uptrend. Some are more interesting, they move in reverse order. Just look at the trend and you will see. |
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Livermore
Master |
07-Nov-2007 12:31
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Hi Protegex, Jesse Livermore's famous words goes something like this - market never change because human behaviour never change. Well just my opinion here. Some are focussing so much on the STI and not on potential stocks that have tremendous potential. Quite a long time back, I said the US economic problems all started with 9/11. If you read today's front page business times, you will understand someone shares the same view. |
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Fairygal
Veteran |
07-Nov-2007 10:14
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Any downtrend in the region's indexes will trigger a change in STI almost immediate as well. Uptrend will need more time to follow suit. |
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cashiertan
Elite |
07-Nov-2007 10:08
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sti looks weak at the moment.. |
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Protegex
Member |
07-Nov-2007 09:27
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Livermore, I share the same trading system with you. Althought that system was used 7 decades ago... Some part of the book especially pivots points ...one day reversal ...blah blah blah still lies in today's market if you were to observe carefully... |
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Manikamaniko.
Master |
07-Nov-2007 09:17
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Jason and Yu... :) |
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jasonfaxingliu
Senior |
07-Nov-2007 08:00
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yes, like many others.... price gone down when I pick up the stock and price went up just when I ex it but in general I made money .... until lately I caught with the subprime trouble that dive me down how can I help myself? when the subprime matter will be over?? |
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Yuyune
Member |
07-Nov-2007 07:53
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I agree with you, at the end of the day PROFIT is what all of us is after. I am also no good in using TA. Most of the time the price of the stock I picked to purchase went down further after my purchase and it went higher after I sold them. Fortunately, I made profit on most of my trades. Through the years, I learn not to be greedy but sometimes I do lament on my lack of TA knowledge. Regards and happy trading. |
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psycho
Member |
06-Nov-2007 23:59
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Yah Livermore, at the end of the day, the most important thing is like what CWQuah pointed out, PROFIT. So i reckon you are just like me, lousy with TA but trading in a self invented system that you find comfortable with  ...that is, buying before the price you wanted runs away.
Thanks for sharing. |
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Livermore
Master |
06-Nov-2007 22:53
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At the end of the day it is finding the best way to maximise your profit |
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Livermore
Master |
06-Nov-2007 22:43
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Hi 178investors, Actually I bought and read the book on Jesse Livermore. Well I learnt something. Yes, Jesse made a lot BUT he also lost a lot in the end and had a tragic death. No, I am not using Jesse Livermore Trading System. I use a mixture of strategies to form my own system:). |
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178investors
Veteran |
06-Nov-2007 22:15
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Dear Livermore, may i ask if you're using the famous Jesse Livermore Trading System. That guy was a great gambler in his day turning $5 dollars into something like in the region of $100 million. And that was more than 7 decades ago. cheers! |
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Livermore
Master |
06-Nov-2007 21:03
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Hi Psycho, I am no TA expert. In fact I am lousy at it. My one day TA course was at www.terraseeds.com. I think quite a few people here attended this one. One thing I don't like about TA is I end up buying at a higher price. Just like some like to wait for high volume then confirm about market direction. By then prices already have gone up quite a bit. My strategy is hard to explain. But I did post about my strategy long time ago |
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psycho
Member |
06-Nov-2007 20:53
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I went for just a one day basic on TA. But I still find my "cat and mouse" strategy still the best:) Mr Livermore, care to introduce me to your basic TA course ? I am presently looking out for some TA lessons to improve on my chart reading. Btw, what's the 'cat and mouse' strategy ? TA too ? Thanks |
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Livermore
Master |
06-Nov-2007 20:01
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I went for just a one day basic on TA. But I still find my "cat and mouse" strategy still the best:) |
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psycho
Member |
06-Nov-2007 17:51
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Mr CWQuah, Thank you for that valuable piece of advice, even it's from Warren Buffet, to a keen learner like myself. Very true indeed, a win is a win regardless of the amount....but....well, even though i did not mentioned anything, seeing the price of ARA (a counter within my monitor radar list) shot up to close at $1.38 today where i actually bought 10 lots (virgin trial test) at $1.18 yesterday and sold at $1.21 was a real pain in the arse...but then...no regrets, sticking to my principle of take profit or cut loss at a predetermined price. Good Luck to you for the coming trading days. |
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CWQuah
Master |
06-Nov-2007 17:39
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Hi Psycho, In the stockmarket, sometimes it's ok to take profit bravely hahah, especially when the going gets very volatile. Never forget $come$go and Warren Buffett's emphasis on rule no.1 - Don't lose money. A small realised profit is always better than a big unrealised paper loss (unless you're a value investor sitting on a good long-term stock). |
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