Others   

Answer this question and carry out the answer.

I am now in cash, waiting for opportunity to buy again.

Happy Trading.

Kensonic77      ( Date: 16-Nov-2011 09:15) Posted: My portfolio profit rises daily for the past 3 day.  It's time for me to take some profit. Richman      ( Date: 16-Nov-2011 09:01) Posted: Wow !!!  Finally, my portfolio no more red.

 

Sifu is right...

    Not many players can stand the thought of losing...

          Which means if they lose a bit, they will hold for it to rise.

                  When they lose even more, the harder they hold for it to rise.

                          Thus, they are not used to losing, and in the end lose a lot.

                                    Such is the paradox of stocks vis-a-vis human nature... lol...

KiLrOy      ( Date: 15-Nov-2011 23:29) Posted: question is how many of us really have ... 1. a clear understanding and  in-place  a risk management for our capital? 2. discipline to execute the risk management? I believe many (including myself)  at one time or another had this statement below came true. " A  short term trade  gone wrong and now becomes a long term investment."

 

My portfolio profit rises daily for the past 3 day.  It's time for me to take some profit.

Richman      ( Date: 16-Nov-2011 09:01) Posted: Wow !!!  Finally, my portfolio no more red. Richman      ( Date: 15-Nov-2011 14:02) Posted: Stock market is very additive So far so good for me Money Management is crucial Do not over trade

 

Wow !!!  Finally, my portfolio no more red.

Richman      ( Date: 15-Nov-2011 14:02) Posted: Stock market is very additive So far so good for me Money Management is crucial Do not over trade

 

question is how many of us really have ...

1. a clear understanding and  in-place  a risk management for our capital?

2. discipline to execute the risk management?



I believe many (including myself)  at one time or another had this statement below came true. " A  short term trade  gone wrong and now becomes a long term investment."

 

Sifu's experience is very valuable to all stock newbies here...

    They are so lucky to have people like sifu and also others

              here giving such priceless gems of advice...

 

Now i belive what i am going to say is nothing new to those out there, i believe u come across this,

if you have 20k, divide it into one hundred trade, that is 20000 divide 100 = 200...that is to say per loss is limit to 200 buck, and it take 100 of continuos loss trade to knock u out of the mkt.

so say a stock of $1, stop at 10% is 0.9..so u can only buy 2 lots beos you willing to lose ony $200..never mind if u make little, but you loss also little , and since it is little u got no emotion to cut when there hit your stop limit.. 

and if you DYODD, and use TA properly , your entry is most likely to be a success 70% of the time, then as you go , you make profit and use the profit wisely to build up your confer,

slowly and surely , u will make it, i did ...i bought a few lots in the begining some 30 yrs back.

you can listen to stock call here, but it is still your duty to check it out before u take action, you can still follow rumour here as not all are fake. but you should still take extra step to ensure. 

no worry , if u dont like this, never mind, i like your dislike,because   it is human nature to feel sad and i gone thro it also.

i did..Pan Electric, CLOB, and many more. lesson i learn. You got to learn yours. and i am still learning.

because to trade is a risk, and if there is risk, sometime even expert also got hit, but at least, he know when to get out and to admit defeat and to wait for opportunity on the side line, and thus he suffer less. 

victortan      ( Date: 15-Nov-2011 17:13) Posted: How do ppl got stuck? say they got 20K..to buy a stock of 1.00, they bought 20 lots.{1000 x 20lots=20K) then did not set stop loss of 10%, that is get out at 0.9, when it reach there they hope that is go up, but it go further down , then hope again. then what happen, is that before you know , all these bad euro news whack the stock to even lower, now they say ...well i will take the long term view, ( self consolation) and thus become long term invester..( believe me, there are some who i knew bought COSCO at $7 and still holding. in fact to make matter worse they average down. and say , never mind COSCO is a one time $7 stock, it is going to be there in the future, but when??? look DBS , isn't it a good blues chip??? but if you have bought it at $20 over, when are u going to see your money, your money stuck here for a long time. in fact, the above trade i set an example is all wrong....continue in the next post.

 

Sifu is right...

    This is a very, very common occurrence among stock players.

          They always think the stock market is a good investment, so

              they keep on buying more as price drops more and more.

                      And they keep on affirming that the losses are only 'paper

                            loss' and keep assuring themselves that the price is sure to

                                  go back up. But actually, all losse are real - very real...

victortan      ( Date: 15-Nov-2011 17:13) Posted: How do ppl got stuck? say they got 20K..to buy a stock of 1.00, they bought 20 lots.{1000 x 20lots=20K) then did not set stop loss of 10%, that is get out at 0.9, when it reach there they hope that is go up, but it go further down , then hope again. then what happen, is that before you know , all these bad euro news whack the stock to even lower, now they say ...well i will take the long term view, ( self consolation) and thus become long term invester..( believe me, there are some who i knew bought COSCO at $7 and still holding. in fact to make matter worse they average down. and say , never mind COSCO is a one time $7 stock, it is going to be there in the future, but when??? look DBS , isn't it a good blues chip??? but if you have bought it at $20 over, when are u going to see your money, your money stuck here for a long time. in fact, the above trade i set an example is all wrong....continue in the next post.

 

How do ppl got stuck?

say they got 20K..to buy a stock of 1.00, they bought 20 lots.{1000 x 20lots=20K)

then did not set stop loss of 10%, that is get out at 0.9, when it reach there they hope that is go up, but it go further down , then hope again. then what happen, is that before you know , all these bad euro news whack the stock to even lower, now they say ...well i will take the long term view, ( self consolation) and thus become long term invester..( believe me, there are some who i knew bought COSCO at $7 and still holding. in fact to make matter worse they average down. and say , never mind COSCO is a one time $7 stock, it is going to be there in the future, but when???

look DBS , isn't it a good blues chip??? but if you have bought it at $20 over, when are u going to see your money, your money stuck here for a long time.

in fact, the above trade i set an example is all wrong....continue in the next post. 

 

Stock market is very additive

So far so good for me

Money Management is crucial

Do not over trade





 

 

Many practise dollar cost averaging (aka averaging down, or buying  more and more).

    Such a practice is only good in a market uptrend or a bull market,

            where one buy on big dips. But if done in a prolonged downtrend, 

                  it will most likely cause many suicides once the buying can no 

                            longer be sustained...

 

Their favourite radio station is Class 95FM: Only listen to the GOOD things.

 

victortan      ( Date: 14-Nov-2011 01:51) Posted: it is not " dislike" , but rather they are the victim of their poor vestment ,  stubbornly living in their dream. they only want to hear good thing which is not realistic. If you search it out, u would know they are still holding to stock that are down 30 to 50%, without cutting lose. so they rather hate to read about reality, they want to hear good thing to feel good, so naturally bad thing break their heart, they want to live in their imagination . but as many who read abt it may like, but such are ppl in this country, they only cry foul when they dislike, but slow to highlight good thing. hope those who are still holding make their move becos recession next yr will see their stock down 70 to 90%..if u gone thro 2008, you never see your stock px again for a long time. imagine if u have bought COSCO at $7!!!! for those who are still sleeping, now is time to wake up to reality, your " dislke" will not change the mkt. your action will , at least for yourself.

 

I am still holding and buying along the way 

This time my profit has gone up by another 10%


LOL

 

Sifu is right... they lose tons of money because they play the fundamentals game.

    And even when their stocks have dropped like sheet and have dried up,

                they will continue to enthusiastically look for the stock's  virtues to praise.


                        so they can continue to hold it till the very end... This is rather common... lol...

 

it is not " dislike" , but rather they are the victim of their poor vestment ,  stubbornly living in their dream.

they only want to hear good thing which is not realistic. If you search it out, u would know they are still holding to stock that are down 30 to 50%, without cutting lose.

so they rather hate to read about reality, they want to hear good thing to feel good, so naturally bad thing break their heart, they want to live in their imagination .

but as many who read abt it may like, but such are ppl in this country, they only cry foul when they dislike, but slow to highlight good thing.

hope those who are still holding make their move becos recession next yr will see their stock down 70 to 90%..if u gone thro 2008, you never see your stock px again for a long time.

imagine if u have bought COSCO at $7!!!!

for those who are still sleeping, now is time to wake up to reality, your " dislke" will not change the mkt.

your action will , at least for yourself.

 

Why so many people dislike the posts? 

 

sorry forgot to paste this here.......

As you know, the upcoming SuperCommittee of 6 democrats and 6 republicans, have the task of coming up with at least $1.2 trillion in spending cuts or tax revenues to narrow the U.S. deficit. If they don’t succeed, then at least $1.2 trillion in cuts to defense spending and entitlement programs will take place…without a single congressional vote.

This plan needs to be completed by November 23^rd. And since the plan needs to be examined and priced out by the CBO, the bulk of the plan needs to be delivered to the CBO sometime next week.

This could get real interesting over the next two weeks.

dyodd

victortan      ( Date: 12-Nov-2011 22:35) Posted: let u see, before this Italy show end, another in Washington coming up, and this one is just like the debt ceiling. we going to see democrat and republican infighting and cause dow to sink again, this one will be another eleven hr show, last min agreement till our jaw drop. got profit , better take half off first..my suggestion...disclaimer

 

let u see, before this Italy show end, another in Washington coming up, and this one is just like the debt ceiling.

we going to see democrat and republican infighting and cause dow to sink again, this one will be another eleven hr show, last min agreement till our jaw drop.

got profit , better take half off first..my suggestion...disclaimer

 

When sifu talks about " recovery" , of course it is

      with reference to the usual economic cycles.

          But the present and future situation may not be as

                'cyclical' in character as in the past... Today it may be

                      a whole new unpredictable ball game, though with

                            some resemblance somewhat to the past...

Kensonic77      ( Date: 12-Nov-2011 13:32) Posted: Economy take time to recover or even years whereas stock is driven by news Stock always recover ahead of economy. Best of luck to all.

 

I have done the same. 

victortan      ( Date: 12-Nov-2011 09:26) Posted: One question, is this euro debt crises can be solve?? yes or no??you arrive at your answer and carry out the necessary action fast to your financial investment fast,   For if you don't and it implore, you are going to see your investment   at much low value than today. I know most of you out there have your investment down by 30 to 40%, but now there is a relief rally, use this rally to sell to strength . I know it is not easy, because one can never sell at the top to minimise our losses. But it is still better than even greater losses later, if all hell break loose. I know this is a difficult decision to make, but what choice have we got, since you are already stuck in this mkt?   Whether this new euro states agreement would put an end to the debt crisis remains to be seen. Apart from the debt crisis, all the austerity measures implemented in the euro zone may also undermine the growth momentum especially in weaker economy. Recent economic data released in Europe has shown big decline in manufacturing and services sectors and threaten to slide back to recession. If this happens, it will send another shockwave around the globe again.   One thing for sure, the debt crisis is not over yet and the road to recovery is still far and uncertain! Make your decision now when there is a rally to get u out of even greater losses, euro problem it just too big , i know someday   it will be history, alot of economic or investment guru call ppl to look beyond 3 to 4 yrs horizon, this is just plain self consolation. For this euro are not lehman, or bear stern, it will be at least some 10 yrs!!! before all hell are over. When you sell out now that does not means you are writting off your vestment, you are simply side line and wait for an golden opportunity in the future when you can buy at even more lower px then today, thus you will   end up with multi bagger profit, I do that during the 2008 crises with beautiful result.  Come let discuss what are your decision here in this thread, I like a second opinion,..thanks you in advance.  P.S,, as of today, i have sold out of mkt, both CPF and cash side since August.except for trading position that are on going.