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things every retail investor/trader should know
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synnexo
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07-Aug-2008 17:11
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Many are doing quite badly...I'm 1 of them...hahaha...but still breathing... 
Quick quick decide when u wanna organise a class for us. Can invite singaporegal, cashiertan, CWQuah, etc, to come forward & share their valuable experience. |
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hondastream
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07-Aug-2008 17:01
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yup, In a way new retailer like myself who just jump in the bandwagon and thinking it is easy to play. the mentally need to be recalibert. must have holding power with right set of mind frame and respect the market. thanks again elf. |
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elfinchilde
Elite |
07-Aug-2008 16:07
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hm ok. am beginning to think that retailers are in worser shape than i thought. (no offence to any, yea...) not sure how many of you know about personality profiling (which hence determines your investing/trading style), stock selection and money management. A bit too much to go into at one shot (yes, synnexo, i'm taking your advice :P )--- but for now: if you are keen on a counter, unless you're an experienced trader, for goodness' sakes, pls do NOT just enter all at one shot, even for a fast scalp. It may be wiser to enter only half your funds, then if it goes up, lock it in fast. But if it goes down, you still have capital to average down. Above all: if it drops to 10% of your average px between the two buys, stop loss. Cut the counter and don't look back. Don't wait til your counter is down 25 or 50% before you stop loss. That becomes a DCA point, not a sell point. Also: never sell on a down day when your counter is 100% oversold. At that point, you may as well wait for a tech rebound. This is basic money management for a trader. Just sharing. |
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hondastream
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07-Aug-2008 15:55
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haha... no worries . singapore is still low in crime. .. thanks. for your sharing. |
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elfinchilde
Elite |
07-Aug-2008 15:48
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but is a once-off seminar thing better, or perhaps regular posts in a limited pay-per-view section of SJ? because the topics are so many, and the forumers are diverse. some have some background, others are virtual newbies/perennially losing. and i'm only one elf. (for another thing, i don't want to kena killed by the BBs.  )
thanks for the thumbsup, cwquah and synnexo. :) hondastream---BUSD: look for concerted selldowns in large lots, if you're talking about shorting. Each house has a certain pattern. Tho, it is perhaps less important to id what house is playing, and more important to just know that someone is shorting/ramping a counter. For last week and previous: look at capitaland as eg. The ramp from 5.8 to 6.3 prior its results, and the subsequent tanking to 5.01, recovery to 5.32 and now down to 5.11 in this week alone. Just today: you can see coscocorp, sembmar, swiber. Note tho: i will NOT give 'tips', neither will i name BBs, esp locals. I don't wanna get killed. Besides, it's as said, less important to know who specifically, more important to know what counter and why and how they're playing it. hm. it may be a better idea not to hold face-to-face 'teaching sessions'. 
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hondastream
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07-Aug-2008 15:39
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what can of pattern. ? busd. can quote eg? thanks |
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CWQuah
Master |
07-Aug-2008 15:36
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Elf, I think your course will be really welcome by many. I think too many of our retail players are sick of being whiplashed by BBs. Give U a good post! Hehe! |
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synnexo
Veteran |
07-Aug-2008 15:29
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If u are one of the various speakers, then many here will be signing up for the course... 
But u may have to be more patience, don't think many of us can learn that fast now...haha... 
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elfinchilde
Elite |
07-Aug-2008 15:19
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had considered jointly setting up courses with SJ, but am kinda busy at the moment; plus, not quite sure of the reaction from the ground, and if courses are viable. So anw, for now, just some bits of info here and there. --------------------------- Continuing from the cosco thread: The point of using a broker How many of you just use your broker to buy/sell a trade? The fact is, you're paying him a commission. So ASK FOR INFORMATION. You're entitled to. Often, they know things that a regular retailer won't know. Sometimes, this may save you from making a bad decision. Never just ask: "Should i buy?" Brokers survive on commission, so of course most of them will ask you to buy! You always need to make your own decisions. And be responsible for them. Let's face it: the singapore market is a small place. As such, it is manipulated, for want of a better word (tho strictly speaking, it's just mathematical: they have more money, of course when they move, the market moves). The BBs will always be in the front: foreigners: ML, MS, Citi, GS, UBS, Macq, being common names, as well as local BBs, who are from the broker houses. If you can read BUSD patterns well enough, you can even identify precisely what house is playing what counter. Each BB has a ticker tag. So all brokers know who's buying/selling whatever. If your broker tells you he doesn't know, well, it's time to change brokers. There is a distinction between a small fry, and a BB. Let's just say there are some names you should never go against. So when you buy, ask your broker: 1) Who is the counterparty. 2) Better yet, if you and your broker are on that good terms, especially if your counter has been suddenly shelled, just ask them directly: Who are the operators. Or to be polite, who is selling. Sooner or later, you'll learn their names, who to avoid, and whose side to be on. And if you have a complaint about manipulation, feel free to mail cdp@sgx.com. Tho personally, i think our authorities can't do much. Which is why, all the more, a small fry needs to learn how to survive on his/her own. Cheers. |
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