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Should I let go of my shares?
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teeth53
Supreme |
17-Jul-2011 11:35
Yells: "don't learn through life, learn to grow with life " |
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Take stocks - EU banks at risk in even a mild recession as stress test result is revea. Meanwhile as EU has painted and not painting a more rosy picture..result reveal 90 lenders, oni 8 failed: 5 in Spain, 2 in Greece and 1 in Austria. In London - Questionmarks over stress test's credibility?. the 8 failed banks need only S$4.3 billion or 2.5 billion euros in fresh capital by year end. In contrast. S& P conducted its own analysis and concluded in March - They needed as much as 250 billion euros. To withstand a sharp increase in yields ans a severe economic downturn. What is undermining the credibility of this latest attemp to calm EU financial feras - is d third in three years, is that, a sovereign debt default was not among the worst-case scenarios under consideration, even credit default swaps already indicate an 87% chance that Greece will not be able to repay their debts mountain. The IMF mission - requested by Greece as it battles huge budget deficits and a debt mountain of nearly 300 billion euros (S$561 billion). http://www.huffingtonpost.com/sheldon-filger/sovereign-debt-crisis-now_b_577989.html Sovereign Debt Crisis Now Threatens the U.S. Economy
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iPunter
Supreme |
26-Oct-2008 17:54
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If the great economic fugure Allan Greenspan can come out at this time and admit he has been wrong all this while, then nothing is truth anymore...  |
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iPunter
Supreme |
26-Oct-2008 17:51
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More and more people will shiver and tremble at the mere mention of the words 'stock market'. |
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teeth53
Supreme |
26-Oct-2008 09:13
Yells: "don't learn through life, learn to grow with life " |
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Recalling...so we r looking at the worst, but i think d worst is not yet over..Fear has over come greed...staring off with US bankers (Wall St) and high flyers greedy investors.
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Livermore
Master |
21-Jun-2006 19:11
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Livermore's rules are often based on thinking against the grain : 1. Cut your losses quickly. 2. Be sure to confirm your judgement before you take your full position. 3. Let your profits ride if there is no good reason to close out the position. 4. The action is with the leading stock, which change with every new market. 5. Keep the number of stocks you follow limited in order to focus. 6. New all time highs are to be bought on breakouts. 7. Cheap stocks often appear to be bargians after a large drop. They often continue to fall, or have little potential to rise in price. Leave them alone. 8. Use pivotal points to identify changes in trends and confirmations in trends. 9. Don't fight the tape. "There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again and again and again. That is because human nature does not change, and it is the human emotion that always gets in the way of human intelligence" Jesse Livermore, world's greatest stock trader. |
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Galaxy65
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21-Jun-2006 18:07
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".......Everyone wants to get rich, to have an ample amount of money whether to spend or to brag about...... If your purpose of investing is to get rich quickly (or maybe to make some kopi $$$$), then a different strategy is needed than that of the person who wants to accumulate wealth over a period of time. I would suggest to you that getting rich quickly, which can happen in the stock market, is not likely and carries with it a much higher degree of risk. Risk, which is what we are all exposed to as investors, is largely a function of two ingredients we need to examine. The first of these is TIME (ie timing), the second is SELECTION....... ..... Ther's a common myth, when it comes to stock market investing, that all one needs to do is purchase quality stocks and hold onto them for the long pull. This is simply not the case; it is a very misleading position. The only thing we can say for sure about the long run is that in the long run most people die....... Our goal, then, is NOT about making a killing on any one individual decision (stock). Our goal is to develop an approach that CONSISTENTLY makes money and then consistenly use that approach. If we beat the averages, we beat 80% of the brightest minds on Wall Street, and can make a fortune over time. I'm happy with that ! So how is all this accomplished ? There are really only two aspects to this type of investing....... The first is to find stocks that have a distinct tendency to outperform the market, to rally, to reward investors. The second is to identify the most appropriate times when these stocks will rally.............." The a/m is written by a renouned trader from the US....... who has an outstanding record in the financial market spanning over the past 25 yrs...... There may be something that we can learn from him...... Sounds a bit like Warren Buffet...... Someone once said.... let the trade come to you, rather than chasing the market..... |
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Nostradamus
Supreme |
20-Jun-2006 20:32
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Hi singaporegal, Greed yes, but fear not really. Fear is bad if it leads to you selling too early and resulting in a lower profit. But it is good if it leads you to cut loss and prevent you from incurring a huge loss. |
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teeth53
Supreme |
19-Jun-2006 19:04
Yells: "don't learn through life, learn to grow with life " |
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It was greed in the 1st instant that plunge us into this and that so call good stocks, then came in, fear is beginning to over helming us during this down turn to the tune of billion of dollars is lost world wide, so we r looking at the worst, but i think d worst is not yet over, is slowly bottoming out. | ||
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singaporegal
Supreme |
18-Jun-2006 23:58
Yells: "Female TA nut" |
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I agree with Nostradamus. If you can control your greed and fear, you'll do well in trading! | ||
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Nostradamus
Supreme |
18-Jun-2006 17:54
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There's a book titled "Getting an investment game plan" for newbies by Vern Hayden, Maura Webber and Jamie Heller. In in, the authors said that many investors lose heavily in bad market conditions due to overconfidence, over-optimism and naiveness. There's another reason and that's greed. | ||
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teeth53
Supreme |
18-Jun-2006 17:06
Yells: "don't learn through life, learn to grow with life " |
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Well, i sold my bigger flat and go for a smaller one, then rework my monthly installment to pay off a smaller sum with shorter years oso which work out to almost 50% off from what i have to pay before retrenchment. lowering by at least two gear liao. | ||
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Galaxy65
Member |
18-Jun-2006 16:46
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Hi rogue_trader, My 2cts' worth of advice is learn to use charts & TA if you're "trading" in any share(s) or counters .... if you're not using TA or charts .... based on what I see you're using some FAs & inside "tips" from "banks" .... do be careful though ... 'coz if they "dump" the counter(s) ... it may cause some "major" price changes to the counters ..... Therefore, whatever you buy ... you must have A PLAN/STRATEGY in place even B4 you trade the counter ..... you must have your "exit" price if you make $$$ or your "cut/stop loss" price ... if the share price goes against you ..... This is very basic & I suppose there is no need to remind everyone ..... But the amazing thing is ... pple tend to forget or ignore it (I don't mean you .... ) & you keep seeing or hearing in this forum Qs are asked .... "should I sell it or what should I do .... ?" I believe the answers to these Qs have been answered B4 .... 8-10% stop or cut loss .... if you don't then .... be prepared for more & bigger losses ... or would you rather wait ...... and for how long till the price recovers .... ????? Let's not argue about the price can go up ... the choice is yours .... for those who want to wait ... and wait ... then my advice to them is .... I'm sorry, you wanted to wait (& do not wish to cut loss), then why ask me(or us) when you should sell or should you wait .... If you really .... really want us to tell you the answer .... then we need to have more info & details .... better still I'd rather meet face to face & tell you the answer. Oh ... btw I'm NOT A REMISIER OR BROKER ... in case anyone has any funny ideas .... Like most pple here I'm just a very "passionate" trader & investor ..... just doing my tiny "weeny" bit to contribute ideas & opinions .... If anyone doesn't like what I say ... I can shut up & watch the "show" where pple bemoan their losses & NOT knowing what to do .... or I can speak up & inform those who lost quite frequently to re-examine their strategies & perhaps consider other strategies or methods .... Believe me, there are enough sound advice given in this forum for those who keep asking "WHAT SHOULD I DO .... ?" (Not referring to you - rogue_trader .... I believe you're pretty good in picking stocks yourself ....) If you want to know what price to buy & what price to sell & expect good answers all the time .... then .......... Let me put it in a different way .... I've fever and I ask a doctor over the forum .... what sickness/disease I've ... ? do you think he can give me a diagnosis & prescription .... ??? I think not ... can be a bit "risky" (sorry - maybe there's a better word to use ...) too ... if the wrong diagnosis/medication is given ..... I think the doc needs to know a bit more .... before he can say it's dengue fever or it's just an ordinary cold. So, it's the same with your counter(s) - asking us to give a price to sell or buy may not be so straight forward as looking at the chart ....... What's your objective, how much profit/loss are u prepared to take .... what do you think of the current market for this stock ... going up/down or sideways...... In the first place, why do you buy .... what are your expectations ... prices going up/down ... & by how much ????? If these answers (just some examples) are not covered B4 you buy then I think you should carefully reconsider your strategies b4 you trade .... Otherwise very "chiak lat" ..... when the trade goes against you .... when you ask "should I "sell" (& at what price ... ) or hold" ..... You should have all these answers B4 you even trade the counter .... !!!! Sorry so being so forthright in my replies to some Qs raised B4 .... as I've said earlier .... these Qs have been answered many times B4 .... If anyone feel offended by my remarks my sincere apologies .... & if you want us to share ... sure no problem ... but if you are not prepared to listen ... & keep asking the same Qs ......... "how leh ...." By the way, rogue_trader ..... I checked the price for SP ... you said you bought @ 30 cts on 14/6 .... I hope you get out on 16/6 when it was trading between 33.5-36 cts .... or r u expecting more ..... there's a little "resistance level" @ 35.5cts-38cts ..... you'll never know what will happen next .... in this market it may head south again .... Anyway, good luck to you .... for me 5-6 cts for 1 trade & within such a short time is good $$$$$ $00.5 x 10,000 = $500 for 3 days' work (depends on how much you trade .... can also be 100,000 shares ....). |
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Galaxy65
Member |
18-Jun-2006 16:41
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Hi rogue_trader, My 2cts' worth of advice is learn to use charts & TA if you're "trading" in any share(s) or counters .... if you're not using TA or charts .... based on what I see you're using some FAs & inside "tips" from "banks" .... do be careful though ... 'coz if they "dump" the counter(s) ... it may cause some "major" price changes to the counters ..... Therefore, whatever you buy ... you must have A PLAN/STRATEGY in place even B4 you trade the counter ..... you must have your "exit" price if you make $$$ or your "cut/stop loss" price ... if the share price goes against you ..... This is very basic & I suppose there is no need to remind everyone ..... But the amazing thing is ... pple tend to forget or ignore it (I don't mean you .... ) & you keep seeing or hearing in this forum Qs are asked .... "should I sell it or what should I do .... ?" I believe the answers to these Qs have been answered B4 .... 8-10% stop or cut loss .... if you don't then .... be prepared for more & bigger losses ... or would you rather wait ...... and for how long till the price recovers .... ????? Let's not argue about the price can go up ... the choice is yours .... for those who want to wait ... and wait ... then my advice to them is .... I'm sorry, you wanted to wait (& do not wish to cut loss), then why ask me(or us) when you should sell or should you wait .... If you really .... really want us to tell you the answer .... then we need to have more info & details .... better still I'd rather meet face to face & tell you the answer. Oh ... btw I'm NOT A REMISIER OR BROKER ... in case anyone has any funny ideas .... Like most pple here I'm just a very "passionate" trader & investor ..... just doing my tiny "weeny" bit to contribute ideas & opinions .... If anyone doesn't like what I say ... I can shut up & watch the "show" where pple bemoan their losses & NOT knowing what to do .... or I can speak up & inform those who lost quite frequently to re-examine their strategies & perhaps consider other strategies or methods .... Believe me, there are enough sound advice given in this forum for those who keep asking "WHAT SHOULD I DO .... ?" (Not referring to you - rogue_trader .... I believe you're pretty good in picking stocks yourself ....) If you want to know what price to buy & what price to sell & expect good answers all the time .... then .......... Let me put it in a different way .... I've fever and I ask a doctor over the forum .... what sickness/disease I've ... ? do you think he can give me a diagnosis & prescription .... ??? I think not ... can be a bit "risky" (sorry - maybe there's a better word to use ...) too ... if the wrong diagnosis/medication is given ..... I think the doc needs to know a bit more .... before he can say it's dengue fever or it's just an ordinary cold. So, it's the same with your counter(s) - asking us to give a price to sell or buy may not be so straight forward as looking at the chart ....... What's your objective, how much profit/loss are u prepared to take .... what do you think of the current market for this stock ... going up/down or sideways...... In the first place, why do you buy .... what are your expectations ... prices going up/down ... & by how much ????? If these answers (just some examples) are not covered B4 you buy then I think you should carefully reconsider your strategies b4 you trade .... Otherwise very "chiak lat" ..... when the trade goes against you .... when you ask "should I "sell" (& at what price ... ) or hold" ..... You should have all these answers B4 you even trade the counter .... !!!! Sorry so being so forthright in my replies to some Qs raised B4 .... as I've said earlier .... these Qs have been answered many times B4 .... If anyone feel offended by my remarks my sincere apologies .... & if you want us to share ... sure no problem ... but if you are not prepared to listen ... & keep asking the same Qs ......... "how leh ...." By the way, rogue_trader ..... I checked the price for SP ... you said you bought @ 30 cts on 14/6 .... I hope you get out on 16/6 when it was trading between 33.5-36 cts .... or r u expecting more ..... there's a little "resistance level" @ 35.5cts-38cts ..... you'll never know what will happen next .... in this market it may head south again .... Anyway, good luck to you .... for me 5-6 cts for 1 trade & within such a short time is good $$$$$ $00.5 x 10,000 = $500 for 3 days' work (depends on how much you trade .... can also be 100,000 shares ....). |
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IreneL
Senior |
17-Jun-2006 18:55
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Hi teeth53 You are right. There will always be uncertainty and insecurity looking at us. Its how we work around these negativities. I've had my fair share of obstacles/road blocks. I would be very surprised if someone let on that he/she has not experienced them. And its very encourgaging of you to publicly proclaimed your retrenchment. Trading in shares/stocks is no exception to the ups and downs of life. Rgds |
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teeth53
Supreme |
17-Jun-2006 17:20
Yells: "don't learn through life, learn to grow with life " |
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Uncertainty and or unsecure can unsettle us. We R just human. When i was retrenched. I got to get back to basic, lower my expectation liao and explaination clearly why ihas to do so, no choice, (saying it, it's very easy and is very difficult to do to face it with family and friends, but they r always around to say we can help, i tasted it myself). | ||
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teeth53
Supreme |
17-Jun-2006 13:19
Yells: "don't learn through life, learn to grow with life " |
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learn to accept uncertainty, one can feel better in dealing with when it come and it is always coming at us right now, every sec, mintues and day, after all to stay alive, one need to accept reality in this constant changes. Is in our inner subconcious mind set. | ||
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teeth53
Supreme |
16-Jun-2006 08:23
Yells: "don't learn through life, learn to grow with life " |
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Selling at this point in time is not a good option, signal from DOW is +ve , at least till today (Fri) and Monday likely to hv another good run. | ||
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teeth53
Supreme |
15-Jun-2006 21:33
Yells: "don't learn through life, learn to grow with life " |
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Take stocks, today is sell on good news, good stock is good to hold for at least another round of good news, so those who bot may have letgo today for tomorro U never know what is coming. Ya lor, well quote robinpang. |
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robinpang
Member |
15-Jun-2006 21:23
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And yes, about finding solice from analyst, experts, and what not, a lesson in history? "In 1929, Yale University economist Irving Fisher stated confidently: "The nation is marching along a permanently high plateau of prosperity." Five days later, the bottom dropped out of the stock market and ushered in the Great Depression, the worst economic downturn in American history" |
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robinpang
Member |
15-Jun-2006 21:11
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Title: We the gamblers hi prettylisa, wud like to share a few things ... i believe one great stock player (Jesse Livermore?) of all times said that "the stock market is not a place for the mentally lazy..." :-) Another great advice from a player who made in in the stock market: "never trust anyone". In fact that his rule on life. Lastly, i recently had a talk with a Finenxis financial analyst who says that if u buy low and sell high, that is investment. I totally beg to differ. For unless we are that Warrent Buffet guy who wants to keep stocks 'forever', or at least for years for dividends, we are all speculators, or essentially gamblers. Even me! So in that perspective, lisa, to me, you are doing nothing more than seeking advice from other gamblers on how to gamble correctly! If you think about it, you probably know what you should do. lastly, thanks lisa because you have shown me (us) the nature of human behaviour, blatantly in fact. I saw your posting on Capital Land on you asking when to sell, and you'd mentioned that you made some profits already. No one replied! Now, when you mentioned you made a loss, me, and many others, are more than glad to offer you "advice". I hope you think about this too. I think the only good ones are those that offer no advice, except tell you to learn from your mistakes. Ironic? lol hehe and for those aware of the 3 waves upward for the Elliot curve, come to think of it, as retail gamblers (opps retail investors i mean..hehe), for those of us who have lost money, arent we contributing to the last leg of the 3rd wave? if there's any important conclusion lisa, it might not be when to sell, but rather, should you have even bought? hehe... Like they say, the stock market is a very expensive place to learn about yourself! Hope you dont even make more expensiev lisa! (P/s: Jesse Livermore, the greatest stock player of all times, commited suicide... it was believed he before he died, he said that he wasted his life.) |
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