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Even Warren Buffett is slamming himself recently over the investment screw-ups. Heck, if you know of anyone who's only lost 15% of his investment value, guess what? He's probably outperformed 80% of all long-side hedge funds!
I agree with SGgal that it's important to keep chins up despite the doom and gloom all around. The mkt is already on ICU, so no pt praying/fretting too much. If one still has a job, continue to work hard, keep your debts/liabilities down, spend where necessary etc, focus on family rather than red figures in the trading account etc. Look for positive opportunities.
It's also important to understand that there can be no dawn when there is no darkness. We are all in darkness now, but guess what, seriously, when you have like, half of all major economies dumping $$$ in the market, trying to make credit cheap, things will eventually turn around. Slowly maybe, but surely. Heck, for all the stupid things the human race has done in the past, we've survived collectively for more than 5000 yrs! 2-5 yrs of bear mkt is, frankly, a bleep.
singaporegal ( Date: 02-Mar-2009 11:48) Posted:
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iPunter ( Date: 02-Mar-2009 16:09) Posted:
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When I first saw the title of this thread, my eyes popped out. Haha.. but turns out to be a serious discussion.
99% of people suffered losses. So let's not be too hard on oneself. However, it is important not to allow these losses to grow but refusing to cut loss.
knightbridge - yup... fear is abound everywhere. This fear arises from uncertainity. The problem is it seems that no one knows how long this will last or how to fix this.
knightbridge ( Date: 02-Mar-2009 00:40) Posted:
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LOL. No wonder Superman is always up in the air -- he's the biggest winner!
Lazyhorse: I consider you my senior; should be asking you for stock picks. May we all sell high and buy low ALL THE TIME! 
StarLine ( Date: 01-Mar-2009 23:28) Posted:
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I smell fear in investors and fund manager with the over whelming of bad news from newspapers and media..
It is only when future look bleak one can then pick up distress assets at rock bottom.. Only the brave who is smart will end up as winner..
There is a chinese saying chaotic times create hero....
Everybody's share counter here are down, not only you.
Maybe should wear red underwear.
If possible wear it outside, that way might bring you luck.
In this unprecedented market climate, it is wise to have a short term view on stock investment. The risk is just too great to hold on to stocks for too long.
However, in practice, it is kind of difficult to execute a hit-and-run strategy. If one hits the right counter in the right direction, bingo. If one hits the wrong counter, can one cut loss at the pre-set level? It is easy said than done. But what needs to be done needs to be done.
One good famous advice is to preserve one's capital.
Lazyhorse ( Date: 01-Mar-2009 15:18) Posted:
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OneSharer,
Yeah. I also notice a lot of other members missing... Wonder where they go ? LOL
By the way, any stocks to recommend ???
OneSharer ( Date: 01-Mar-2009 16:21) Posted:
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oh okay,yup as usually china stock are not very good.
my friend invested in the china food have been suspended too more like 1-2yrs liao,still like that till now,what to do
Lazyhorse ( Date: 01-Mar-2009 16:17) Posted:
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How on earth did you let your holdings drop so much!!!!
What happened to your cut loss/protection of capital!!???
LOL. Welcome back, Lazyhorse!
Glad u manage to hold tight ur underwear throughout this time (notice other mbrs r still missing ). Even professionals lose $ during this crisis,
http://www.bloomberg.com/apps/news?pid=20601068&sid=aFmgGBH8rr4Y&refer=home.
Lazyhorse ( Date: 01-Mar-2009 15:18) Posted:
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I bought throughout whole of last year, but last login about 6 months back.
FERROCHINA !!! ^&%$% Cannot touch China stocks really....
last 6 month,is 1 sept 2008.Which have all the counters discounted at 40-60%,which in oct nov is the worst 45-70%.
u should have brought before last year july bah ''down at least 60-70% '' is not possible if u trade at sept.
and the one suspended is jurong tech..correct me if i m wrong
Lazyhorse ( Date: 01-Mar-2009 15:18) Posted:
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The last time I login was at least 6 months ago. What a difference this 6 months have made. My pants are currently down and my underwear coming off pretty soon....
All my counters are down at least 60-70% with one &*%^$# counter suspended.