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Huat_ah
    08-Nov-2013 00:23  
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Hello bro muifan, we meet again.... We have same problem I believe.... Hahahaha.

I find that Huge buy queue vol and Low sell queue vol, got two direction.... One is go Down if the buy queue suddenly drops lower and lower than the sell queue, Two is go Up if the buy queue still remains more than the sell queue. That is when Viking is from 0.130 to 0.134.... I shorted at 0.132 bcoz miss 0.133 and 0.134, but covered at 0.131 when I realized like kana trap.... Didn't get to sell at 0.129 and 0.130. Then Buy queue must keep topping up to manage a uptrend.
Some say Big Sell queue will chiong up, u can check with bro Stockcham and his famous Great Wall of China theory.
If have many big Buy queues but not many big Sell queues, chances also the counter will fall and also vice versa. Sometimes BB put fake queues especially sell queues to make us dream of the ever high TP... Like Viking has a big sell wall on Wed at 0.168 something I think.... We all thought it will chiong up but then tyre puncture.... Hit a high of 0.154...

But just my observation not 100% accurate also lah. If good I won't lose $$$ also.... I used this when I short China Env, OkH and ISDN previously.
Huat ah bro!!! Wish us good luck always!

muifan      ( Date: 07-Nov-2013 21:16) Posted:



Then I am going to POST A QUESTION AFTER MY CHANTING..

HOW TO SPOT A FAKE BUY Q?

in my case study- Viking mini recovery to 0.135-0.136 why i did not offload?

one of the reason is buy Q is piling up thus faking me into thinking they are gg to trap shortist.

But obviously it is fake and i got faked. In this Case, how to see the buy Q is fake?

my sifu tell me general rule huge buy Qs are fake..because when BB buy..they dont let u so easily see.. and they usually dont Q...how true is this?

muifan      ( Date: 07-Nov-2013 20:59) Posted:



tonight i am going to start chanting again.

Recently I picked up some gyming activities and I find synergy between body building and stock trading.

Both needs:

DISCIPLINE,HARDWORK,NO CHEATING,NO SHORTCUT, PESERVERANCE,

NEVER SAY DIE.

I am already making a change, but today I still make a mistake. I tried bottom fishing. Here is my case study what went wrong?

I longed 168lots viking at 0.133. My reason is it is at a range of a 10% correction from 0.15 ,

thus I longed thinking i have a buffer of already 10%. The price tanked further but recovered to 0.135-0.36. I did not offload for $100 profit, thinking knn hold for so many hours liao...$100 profit only..then after that no more chance, drop to around 0.13.

WHAT WENT WRONG HERE AND WHAT SHOULD BE THE CORRECT PLAY?

to sign off , here is a video about a cancer patient's fight back. Hope all bros feeling down, sucky , shitty, watch already got some inspiration. At 3rd min of the video:

 

  http://www.youtube.com/watch?v=m8Ku_Amti0o

THIS IS MY FIGHT BACK , TO BECOME A DIFFERENT ME. IN MY CASE A BETTER TRADER!!!!!!!!!!!!  


 
 
jomini
    08-Nov-2013 00:02  
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see if volume reloads ie if more keep coming in after it has taken some selling down.

large orders usually use icebergs

muifan      ( Date: 07-Nov-2013 21:16) Posted:



Then I am going to POST A QUESTION AFTER MY CHANTING..

HOW TO SPOT A FAKE BUY Q?

in my case study- Viking mini recovery to 0.135-0.136 why i did not offload?

one of the reason is buy Q is piling up thus faking me into thinking they are gg to trap shortist.

But obviously it is fake and i got faked. In this Case, how to see the buy Q is fake?

my sifu tell me general rule huge buy Qs are fake..because when BB buy..they dont let u so easily see.. and they usually dont Q...how true is this?

muifan      ( Date: 07-Nov-2013 20:59) Posted:



tonight i am going to start chanting again.

Recently I picked up some gyming activities and I find synergy between body building and stock trading.

Both needs:

DISCIPLINE,HARDWORK,NO CHEATING,NO SHORTCUT, PESERVERANCE,

NEVER SAY DIE.

I am already making a change, but today I still make a mistake. I tried bottom fishing. Here is my case study what went wrong?

I longed 168lots viking at 0.133. My reason is it is at a range of a 10% correction from 0.15 ,

thus I longed thinking i have a buffer of already 10%. The price tanked further but recovered to 0.135-0.36. I did not offload for $100 profit, thinking knn hold for so many hours liao...$100 profit only..then after that no more chance, drop to around 0.13.

WHAT WENT WRONG HERE AND WHAT SHOULD BE THE CORRECT PLAY?

to sign off , here is a video about a cancer patient's fight back. Hope all bros feeling down, sucky , shitty, watch already got some inspiration. At 3rd min of the video:

 

  http://www.youtube.com/watch?v=m8Ku_Amti0o

THIS IS MY FIGHT BACK , TO BECOME A DIFFERENT ME. IN MY CASE A BETTER TRADER!!!!!!!!!!!!  


 
 
Peter_Pan
    07-Nov-2013 21:17  
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BRING IT ON..!! 
 

 
muifan
    07-Nov-2013 21:16  
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Then I am going to POST A QUESTION AFTER MY CHANTING..

HOW TO SPOT A FAKE BUY Q?

in my case study- Viking mini recovery to 0.135-0.136 why i did not offload?

one of the reason is buy Q is piling up thus faking me into thinking they are gg to trap shortist.

But obviously it is fake and i got faked. In this Case, how to see the buy Q is fake?

my sifu tell me general rule huge buy Qs are fake..because when BB buy..they dont let u so easily see.. and they usually dont Q...how true is this?

muifan      ( Date: 07-Nov-2013 20:59) Posted:



tonight i am going to start chanting again.

Recently I picked up some gyming activities and I find synergy between body building and stock trading.

Both needs:

DISCIPLINE,HARDWORK,NO CHEATING,NO SHORTCUT, PESERVERANCE,

NEVER SAY DIE.

I am already making a change, but today I still make a mistake. I tried bottom fishing. Here is my case study what went wrong?

I longed 168lots viking at 0.133. My reason is it is at a range of a 10% correction from 0.15 ,

thus I longed thinking i have a buffer of already 10%. The price tanked further but recovered to 0.135-0.36. I did not offload for $100 profit, thinking knn hold for so many hours liao...$100 profit only..then after that no more chance, drop to around 0.13.

WHAT WENT WRONG HERE AND WHAT SHOULD BE THE CORRECT PLAY?

to sign off , here is a video about a cancer patient's fight back. Hope all bros feeling down, sucky , shitty, watch already got some inspiration. At 3rd min of the video:

 

  http://www.youtube.com/watch?v=m8Ku_Amti0o

THIS IS MY FIGHT BACK , TO BECOME A DIFFERENT ME. IN MY CASE A BETTER TRADER!!!!!!!!!!!!  

 
 
Peter_Pan
    07-Nov-2013 21:16  
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goodo goodo happi happi everibuddi huat huat
 
 
muifan
    07-Nov-2013 20:59  
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tonight i am going to start chanting again.

Recently I picked up some gyming activities and I find synergy between body building and stock trading.

Both needs:

DISCIPLINE,HARDWORK,NO CHEATING,NO SHORTCUT, PESERVERANCE,

NEVER SAY DIE.

I am already making a change, but today I still make a mistake. I tried bottom fishing. Here is my case study what went wrong?

I longed 168lots viking at 0.133. My reason is it is at a range of a 10% correction from 0.15 ,

thus I longed thinking i have a buffer of already 10%. The price tanked further but recovered to 0.135-0.36. I did not offload for $100 profit, thinking knn hold for so many hours liao...$100 profit only..then after that no more chance, drop to around 0.13.

WHAT WENT WRONG HERE AND WHAT SHOULD BE THE CORRECT PLAY?

to sign off , here is a video about a cancer patient's fight back. Hope all bros feeling down, sucky , shitty, watch already got some inspiration. At 3rd min of the video:

 

  http://www.youtube.com/watch?v=m8Ku_Amti0o

THIS IS MY FIGHT BACK , TO BECOME A DIFFERENT ME. IN MY CASE A BETTER TRADER!!!!!!!!!!!!  
 

 
chezball
    06-Nov-2013 23:37  
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Hi all,

  Just want to share that I attended Siazen Reit's AGM and went away with good insights about the company. They passed both of their proposed resolutions (duh!) and is going ahead with their 5 to 1 share consolidation plus share buy back. I think that is good sign. But I won't buy now. I will wait till consolidation happens and go in. Why you may ask? Well, I think this company have pretty strong fundamental. Good cash holdings and very stable income stream (too stable if you ask me) )   More info in my blog here:  http://www.myweekendinvestment.com/unique-s-reit-the-many-untold-stories-about-saizen-reit/

(I am vested)  

chezball      ( Date: 27-Oct-2013 11:42) Posted:



Hi all,   I am pro adding position on Suntec Reit. I wrote a blog on Suntec in July (http://www.myweekendinvestment.com/time-to-invest-in-s-reit-now-which-counter-stands-out/) and it turns out a good investment. Recently I went back again to review the REITs landscape and Suntec REIT and Saizen REITs still looks attractive. You can see my analysis method here at blog. (http://www.myweekendinvestment.com/neat-way-to-filter-good-singapore-reits/). Disclaimer hor... I am vested in both. 

note: I keep getting error when I want to do a hyperlink on the word, so i just did the old fashion cut and paste.  

star-trader      ( Date: 25-Oct-2013 07:51) Posted:



While waiting for Sis Luna.. Let me chip in and tell u at the current time, I will choose SuntecReits.. :)

Not that Singtel or others stocks( which I didn't check the TA) are not good to keep, but one must believe during each time and day, the TA is important to help you to win a certain trade..So for now, I will choose to keep SuntecReits even if it tanked down a bit as I believe that the uptrend has persist after,even not, it will still come at some point of time to rebound back to at least nearest to its' peak.

DYODD

 


 
 
muifan
    05-Nov-2013 12:39  
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Why do we always lose money?

Why do we always win $200 but lose $2000?

 

Four Psychological States Of Emotion ? Greed, Fear, Hope, and Regret

 
 
Winson
    29-Oct-2013 22:47  
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Bro, Noted with thanks. will start reading to learn more and hope able to refine my skill on trading.

muifan      ( Date: 29-Oct-2013 20:32) Posted:



Hi all bros and sis,

now its time for us to step back and reflect. I shall start first. Long time ago, my sifu recommended me 1 book to read, but of cos, nothing happen I wont go la, rather spend time watching the market. Due to I decide to make a change last week by cutting all positions, I went to the national library near my house to borrow this book. For bro Winson, the book title is " Rocking Wallstreet - by Gary Marks. Library borrow free one, and can learn and improve yourself why not?

1st Chapter: The Beginning and the End Game.

What is the " End Game" ? Basically it meant to accumulate enough to STOP. I do not have a plan as to what I really want from investing, contra, short , jeep , cut loss etc. To know your own personal END GAME is important because those who goes to casino will understand, if you go back again and again, eventually you will get wiped out , including your previous winnings. Ask yourself, do you prefer to be a 80 year old with $8000 in your bank or $8million dollars now but dies in 8 years time with heart attack?  If we become more aware of what money is doing to us, we will naturally become more patient, less risky over time.

Basically the book is first telling us to get a life and not waste all your time in the game. Don't let the game play you, the game will eat you alive. Ask yourself, have you spend hours looking at the market  buying and selling a bunch of names and numbers ? Have you secretly in your weekends hope the weekend to fly by faster so that you can go back to the game? When is the last time you are free of stress?

Every body wants financial freedom including myself, but not the way I used to if not I will die young. Now I am setting my own END GAME. I want to be like my sifu since he achieved that, I tell myself I also can achieve. Which is a portfolio that can give me $100k cd every year, that should be enough for me in my golden years. I calculated base on average 5% cd , I need a portfolio of 2million, I am starting to accumulate now and make a change once and for all...

I hope other bros and sis, can also wake up like me before it is too late...

chapter 2: Investing for your life VS Spending your life investing.

to be continued...

 
 
muifan
    29-Oct-2013 21:34  
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Hi bro medvih,

yah this is to act as reminder and also act as a wake up call.

many principles actually many people already know,

  but either tiki or umm zai si (donno what is die), including myself.

Just like I tell myself want to diet, secretly still go eat macdonalds and chai tau kuay..

no discipline...so i hope this thread many can come here and share their experience...

saw you exited rex before halt, you must really come and teach how to exit, as i find exiting is really more difficult than entry...

 

medivh      ( Date: 29-Oct-2013 21:12) Posted:



I went through this thread with some amusement..  these postings its kinda like an echo from  past warnings 

      its warnings given out before the FALL OUT  of the band of bros/sis in  well known, popular  thread

                who play contra almost every other day..(" ,)

 

But its a good thread started by Muifan.. good reminder..

  and I know it must have been a tough ride for those bros/sis who lost a lot playing contra..    (." )

 

 

 
medivh
    29-Oct-2013 21:12  
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I went through this thread with some amusement..  these postings its kinda like an echo from  past warnings 

      its warnings given out before the FALL OUT  of the band of bros/sis in  well known, popular  thread

                who play contra almost every other day..(" ,)

 

But its a good thread started by Muifan.. good reminder..

  and I know it must have been a tough ride for those bros/sis who lost a lot playing contra..    (." )

 
 
 
muifan
    29-Oct-2013 20:32  
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Hi all bros and sis,

now its time for us to step back and reflect. I shall start first. Long time ago, my sifu recommended me 1 book to read, but of cos, nothing happen I wont go la, rather spend time watching the market. Due to I decide to make a change last week by cutting all positions, I went to the national library near my house to borrow this book. For bro Winson, the book title is " Rocking Wallstreet - by Gary Marks. Library borrow free one, and can learn and improve yourself why not?

1st Chapter: The Beginning and the End Game.

What is the " End Game" ? Basically it meant to accumulate enough to STOP. I do not have a plan as to what I really want from investing, contra, short , jeep , cut loss etc. To know your own personal END GAME is important because those who goes to casino will understand, if you go back again and again, eventually you will get wiped out , including your previous winnings. Ask yourself, do you prefer to be a 80 year old with $8000 in your bank or $8million dollars now but dies in 8 years time with heart attack?  If we become more aware of what money is doing to us, we will naturally become more patient, less risky over time.

Basically the book is first telling us to get a life and not waste all your time in the game. Don't let the game play you, the game will eat you alive. Ask yourself, have you spend hours looking at the market  buying and selling a bunch of names and numbers ? Have you secretly in your weekends hope the weekend to fly by faster so that you can go back to the game? When is the last time you are free of stress?

Every body wants financial freedom including myself, but not the way I used to if not I will die young. Now I am setting my own END GAME. I want to be like my sifu since he achieved that, I tell myself I also can achieve. Which is a portfolio that can give me $100k cd every year, that should be enough for me in my golden years. I calculated base on average 5% cd , I need a portfolio of 2million, I am starting to accumulate now and make a change once and for all...

I hope other bros and sis, can also wake up like me before it is too late...

chapter 2: Investing for your life VS Spending your life investing.

to be continued...
 
 
chezball
    27-Oct-2013 11:42  
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Hi all,   I am pro adding position on Suntec Reit. I wrote a blog on Suntec in July (http://www.myweekendinvestment.com/time-to-invest-in-s-reit-now-which-counter-stands-out/) and it turns out a good investment. Recently I went back again to review the REITs landscape and Suntec REIT and Saizen REITs still looks attractive. You can see my analysis method here at blog. (http://www.myweekendinvestment.com/neat-way-to-filter-good-singapore-reits/). Disclaimer hor... I am vested in both. 

note: I keep getting error when I want to do a hyperlink on the word, so i just did the old fashion cut and paste.  

star-trader      ( Date: 25-Oct-2013 07:51) Posted:



While waiting for Sis Luna.. Let me chip in and tell u at the current time, I will choose SuntecReits.. :)

Not that Singtel or others stocks( which I didn't check the TA) are not good to keep, but one must believe during each time and day, the TA is important to help you to win a certain trade..So for now, I will choose to keep SuntecReits even if it tanked down a bit as I believe that the uptrend has persist after,even not, it will still come at some point of time to rebound back to at least nearest to its' peak.

DYODD

 

muifan      ( Date: 25-Oct-2013 00:55) Posted:



Hi Sis Luna...

my humble opinion on this:

Lets say these stocks, all chiong and tanked, which one will you choose to hold?

Rex, Blumont, YHM, Suntec Reits, Singtel,   Innopac, Allbedo.

I guess it is obvious. I think it is back to FA and dividend yield. In this case, excluding the blue chips, among the pennies, YHM have slightly more FA and you will choose to hold that I assume. And the power of CD is very important in holding a counter. I look at my sifu's portfolio...the penniest penny is Golden Agri..which he holds from 17c till now..$5 cd per lot every year...and he holds 400 liap knn

 

 


 
 
Winson
    25-Oct-2013 09:22  
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True bro, let's work this out jia you....


muifan      ( Date: 25-Oct-2013 09:15) Posted:



yes bro winson,

dont rush things, in all forms of gambling...why people lose?

Usually even casino and football is not difficult to win money,

its because we are impatience, and wan to win fast to fight back losses,

in the end the hole just gets deeper.

So its not too late to wake up and do something,

lets all huat ah! 

Winson      ( Date: 25-Oct-2013 08:51) Posted:

Bro, agreed with you, today onwards I will only take up only one small position, if never up then pick up


 
 
muifan
    25-Oct-2013 09:15  
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yes bro winson,

dont rush things, in all forms of gambling...why people lose?

Usually even casino and football is not difficult to win money,

its because we are impatience, and wan to win fast to fight back losses,

in the end the hole just gets deeper.

So its not too late to wake up and do something,

lets all huat ah! 

Winson      ( Date: 25-Oct-2013 08:51) Posted:

Bro, agreed with you, today onwards I will only take up only one small position, if never up then pick up.

muifan      ( Date: 25-Oct-2013 08:46) Posted:



Hi iluvboost, 

this is one point i wanted say too, totally agree.

One contra trade you have to buy and sell, total for your broker alone lets say $25x2 +$50 per trade...

hardcore traders can have 2-3 contra trades intraday...that amount add up in one week can be more than $500 comms alone...I rather trade less now...the less you trade the more comms you save in the long run, hence more chances to win...thus I have to reemphasize buy low and hold and sell.

For eg REX, many know that the trend, but still end up lose $. For rex i lose $ because I usually contra, and usually buy at volume super high day. Then rex will rest for at least one week, then contra die, but after that you bang wall as rex chiong again. So if you have a little holding power, you could win a few round instead of like me lose a few rounds.

Bro NOVICE START NOW 


 

 
Winson
    25-Oct-2013 08:51  
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Bro, agreed with you, today onwards I will only take up only one small position, if never up then pick up.

muifan      ( Date: 25-Oct-2013 08:46) Posted:



Hi iluvboost, 

this is one point i wanted say too, totally agree.

One contra trade you have to buy and sell, total for your broker alone lets say $25x2 +$50 per trade...

hardcore traders can have 2-3 contra trades intraday...that amount add up in one week can be more than $500 comms alone...I rather trade less now...the less you trade the more comms you save in the long run, hence more chances to win...thus I have to reemphasize buy low and hold and sell.

For eg REX, many know that the trend, but still end up lose $. For rex i lose $ because I usually contra, and usually buy at volume super high day. Then rex will rest for at least one week, then contra die, but after that you bang wall as rex chiong again. So if you have a little holding power, you could win a few round instead of like me lose a few rounds.

Bro NOVICE START NOW 

iluvboost      ( Date: 24-Oct-2013 23:23) Posted:



Agree with what u say. the commission, sgx fees can add up.

but im nt totally against contra. i find it is best used in a situation where conditions are all favourable and the chances are 95% that its only going up. such situations are lesser in range bound markets. but during a crazy bull, it works well.

example of how i used it before is i holding some stock on margin for 2-3wks at accumulation period, then on a favourable bull penny season, on the day, i see some signs its gonna breakout, i will add lots on contra when u see the signs on MD n buying behaviour....then it make $$$ on both sides...contra+margin.. feeling is shiok. done it on oceansky, tat hong, indoagri, to name a few. however i tried contra on certain stks like ossia, rex, ap, it didnt work out well. those stock to me is unpredictable....

 


 
 
muifan
    25-Oct-2013 08:46  
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Hi iluvboost, 

this is one point i wanted say too, totally agree.

One contra trade you have to buy and sell, total for your broker alone lets say $25x2 +$50 per trade...

hardcore traders can have 2-3 contra trades intraday...that amount add up in one week can be more than $500 comms alone...I rather trade less now...the less you trade the more comms you save in the long run, hence more chances to win...thus I have to reemphasize buy low and hold and sell.

For eg REX, many know that the trend, but still end up lose $. For rex i lose $ because I usually contra, and usually buy at volume super high day. Then rex will rest for at least one week, then contra die, but after that you bang wall as rex chiong again. So if you have a little holding power, you could win a few round instead of like me lose a few rounds.

Bro NOVICE START NOW 

iluvboost      ( Date: 24-Oct-2013 23:23) Posted:



Agree with what u say. the commission, sgx fees can add up.

but im nt totally against contra. i find it is best used in a situation where conditions are all favourable and the chances are 95% that its only going up. such situations are lesser in range bound markets. but during a crazy bull, it works well.

example of how i used it before is i holding some stock on margin for 2-3wks at accumulation period, then on a favourable bull penny season, on the day, i see some signs its gonna breakout, i will add lots on contra when u see the signs on MD n buying behaviour....then it make $$$ on both sides...contra+margin.. feeling is shiok. done it on oceansky, tat hong, indoagri, to name a few. however i tried contra on certain stks like ossia, rex, ap, it didnt work out well. those stock to me is unpredictable....

 

JarolLo      ( Date: 24-Oct-2013 13:31) Posted:



Bro Muifan,  I totally agreed you.

Ask ourselves,  how often  we gain and loss  by playing contra? I would say  most of us losses more than gain.  Human psychology is, when gain, take profit first, cos you won't know the next moment will the market continue favour to you or not. Hardly see people making 10, 20 or more pips unless he is really very super, like Bro SC, Ace, LJ and JS. When loss, wait and see, continue to tahan until become charcoal. But by the time T +  5 (some even T + 3 only), bo bian have to  cut loss and let go. Plus the feeling of greed, or fear.....situation even loss. Easily loss our cool mind to analyse properly.

The moment we entered into the market, we bound to loss on the split and brokage. Have to wait till the price move 1 pip to cover the split, another 1 pip for the brokage, then  only begin to  breakeven. How  lucky can one continue to  gain more? When market move opposite even by 1 pip, we will loss  that pip, plus the 1 pip split and  brokage. So this is definitely not a fair  level game for retailers.

Moreover, who are we  fighting against? The BBs and insiders, who are much more resouceful with bullets and insider news than us.   This is worse than casino.

So, conclusion is, no contra. Buy with your holding power. Take Noble as an example. Early of this year was at 1.2 to most 1.26, down all the way to 0.885 (if I remember correctly), now at 1.04. If somebody so unlucky buy at the highest, can average at 1, 0.90 or whatever, and can expect at least breakeven now. This is what I'm doing for my EMS now.

Secondly, reserve your bullets. Don't greedy use up all at once thought you can make a one time big gain. Keep big portion in your pocket prepare to average when market sharp down.


 
 
star-trader
    25-Oct-2013 07:51  
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While waiting for Sis Luna.. Let me chip in and tell u at the current time, I will choose SuntecReits.. :)

Not that Singtel or others stocks( which I didn't check the TA) are not good to keep, but one must believe during each time and day, the TA is important to help you to win a certain trade..So for now, I will choose to keep SuntecReits even if it tanked down a bit as I believe that the uptrend has persist after,even not, it will still come at some point of time to rebound back to at least nearest to its' peak.

DYODD

 

muifan      ( Date: 25-Oct-2013 00:55) Posted:



Hi Sis Luna...

my humble opinion on this:

Lets say these stocks, all chiong and tanked, which one will you choose to hold?

Rex, Blumont, YHM, Suntec Reits, Singtel,   Innopac, Allbedo.

I guess it is obvious. I think it is back to FA and dividend yield. In this case, excluding the blue chips, among the pennies, YHM have slightly more FA and you will choose to hold that I assume. And the power of CD is very important in holding a counter. I look at my sifu's portfolio...the penniest penny is Golden Agri..which he holds from 17c till now..$5 cd per lot every year...and he holds 400 liap knn

 

 

Luna69      ( Date: 25-Oct-2013 00:32) Posted:

Can I also know view on this? Even if we can do away w contra n pick it up instead of cutting it, it keep dropping n become a dinosaur in the inventory, the free up capital become all tie up because thinking can pick up nvm paper loss, how do we determine if it should b a cut instead of picking up ? By picking it up, we also still do a set loss to cut right? Do we then review again if it fundamentally sound but mayb no more int from bb or when it occur to b just a pump n dump?


 
 
Oldbird
    25-Oct-2013 06:44  
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I agree with with maifan on many of what he said...

Ppl in the market long enough should fully agree on the following quote regardless whether you are a smart value investor or a skillful trader.

NO AMOUNT OF SKILLS, KNOWLEDGES AND EXPERIENCES CAN PREDICT MARKET NEXT MOVE.

As such , holding power will increase the chances of winning allowing us to win even after making wrong prediction...the key is to hold only fundamentally sound stocks not the junks...

Traders use cut loss strategy if they make wrong prediction which is also good...But they must be like a emotionless programed computer to do it well...not many can make it .

 
 
muifan
    25-Oct-2013 00:55  
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Hi Sis Luna...

my humble opinion on this:

Lets say these stocks, all chiong and tanked, which one will you choose to hold?

Rex, Blumont, YHM, Suntec Reits, Singtel,   Innopac, Allbedo.

I guess it is obvious. I think it is back to FA and dividend yield. In this case, excluding the blue chips, among the pennies, YHM have slightly more FA and you will choose to hold that I assume. And the power of CD is very important in holding a counter. I look at my sifu's portfolio...the penniest penny is Golden Agri..which he holds from 17c till now..$5 cd per lot every year...and he holds 400 liap knn

 

 

Luna69      ( Date: 25-Oct-2013 00:32) Posted:

Can I also know view on this? Even if we can do away w contra n pick it up instead of cutting it, it keep dropping n become a dinosaur in the inventory, the free up capital become all tie up because thinking can pick up nvm paper loss, how do we determine if it should b a cut instead of picking up ? By picking it up, we also still do a set loss to cut right? Do we then review again if it fundamentally sound but mayb no more int from bb or when it occur to b just a pump n dump?

muifan      ( Date: 25-Oct-2013 00:11) Posted:



bro winson, 

good , lets start from 23/10/2013 tell ourselves dont sink further down the hole...

wa the number sibeh swee...can buy some 4d  


 
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