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very depressed after losing $13K in stocks.

You are very right about this matter.

But in the market, there are really two main types of  participants :-
the short term investors, those known as traders who take advantage  of characteristic short-term price variations, and the long-termers who either have no time or have no interest to be in this kind of uncertain activity. But this is actually the reaon why you see price patterns instead of just vertical poles. But then, come to think of it, point and figure charting comes to mind.... :)

 

Hi

I notice that most post talk about trading in the share market rather than investing in shares.

if your intention is to trade in shares then u are expected to win or to lose.Simple as that.

If your intention is to invest in shares for a long term view in blue chips than your chances of winning is better.

 

hehe...  I just punt punt a bit...

not really interested in buffet and all that...

 

And one thing.. i think Warren Buffet certainly deserve Respect for what he done for his shareholders and the Charity.

Next, do not comment on what u dont know, it will make u look dumb..

Last, Yes i respect Warren Buffet alot thou i am a TA guy. His wisdom surpass many, so much so that normal ppl woulnt understand his real strategy.

 

Agree with cashiertan on WB's strategy on the USD.  He didnt speculate but insured instead.

 

hehe.. cashier's information sources is not bad. Keep us posted always.  :)

 

lew,

actually ur news is very outdated. what is out on newspaper is areadi history. u should have read buffet's AGM reports for last period... in it, he had explained to his shareholder why he shorted usd. it is not for fun or speculation but with wisdom. he is buying insurance for all the his investors to protect them from the decline of USD as their asset are over 85% based in US and USD. imagine by paying 1 bil, he can protect usd100 billion. anyway what is usd1 billion.  

anyway he also enter silver market to early a few yrs back but i did not say it is a mistake but his far vision.. u see how much silver has risen this 2 yrs..

It is a cool and correct move which every wise and responsible man should do..

 

Ipunter,

u miss the impt part. there is nothing wrong with temptation, actually it is a driving force to success. use it to ur advantage.

what is the key is how u CONTROL the temptation. for example. i didnt enter BBR or Yongnam nor KOh bros even thou it is the IN thing this few days. reason, i control my leverage not the leverage control me. I don not put myself on overleverage situation on trading style i am not good in nor train in. Thus i may not make $$ from it but i also didnt los e$.

Ten4one,

hope u really knows the meaning of what u SAID becoz if u does, than i am sure u are half way there to successful trades ahead..

actually ur summarize btmline is basic of a trader should know and do. keep it up!

 

Of course. Those who play big also lose big. Few days ago, it was reported in ST that old man Warren Buffet just lost US1B shorting US dollars.

 

Actually, very old men who have eaten a lot of salt also can be whacked by the market. But some young men make money and when the old men see this, they also will be tempted. Young and old is no different... hehe..

 

Common,  I'm very definite that we all think alike -to make money from the Stock Markets or our Invested Capitals.The only difference is our approach towards our goals. The same principle apply : YOU MAY HAVE LIVED IN THS WORLD FOR 90 YEARS, YOU KNOWLEDGE ABOUT THE WORLD IS ONLY 1% AND YET MOST SURVIVE WITH WHAT THEY KNOW.

Therefore, the bottomline is " KNOWING WHAT YOU KNOW IS ONE THING;HOW YOU APPLYING YOUR KNOWLEDGE IS ANOTHER ". As far as Investing is concerned, that is vital ! Cheers!

 

What cashiertan say is correct dun build a boundary and limit oneself always listen and listen.Like the old man say if you are not smart never mind but don't act very smart.

 

My guess is the 3rd. group.

 

i may be only 26 yrs old but i have seen so much unimaginable things which normal citizen like u and me dont see. thus my thinking is diff from most of the ppl here.

what i can advice is never say never. dun use the puny brain to assumed what u see is the truth and limit the opportunity of growing money. u havent seen enough to comment even for those who have traded 30 yrs or more.. i dare to say what they see all this yrs are just 1-10% of the whole picture or shall i say they only see the unimportant part of it..

thus dun always try to build a boundary and limit urself in it. it is sucidal.. i dun expect many to really gasp what i say but those who understand and work hard on it will be on their way to become millionaire in few yrs time or shorter!

 

I make a guess on cashiertan's quiz:



Applying the 80-20 law of average:

Group 1 and 3 are winners (these comprise 20%)

Group 2, the majority, are losers (these are the 80%)



No hard feelings!

 

First post in this site. My best guess is the third grp as these are the grp who will respond well to the training and they will be disciplined to re-invest.

 

how fast is fast? 1 day? 1 week? 1month? 1yr or 1 decade?

there are ppl who become millionaire in 1 days. yes i knew someone who got placement shares at low low place. 1 day is enough. he is only 27 this yr.

1 week also got heard before. This yongnam thing may have created millionaires from SJ forum as yongnam is aredi mentioned when it is just 3c.+/-

technically spking. using leverage. it is possible to hit 1mil within 1-2 yrs if u can grow ur capital 2x or more  every 1 month..

 

iPunter is right!

It takes effort to make money in Stocks. There's no such thing as getting rich quick. When I make money from stocks, I re-invest into my trading. Slowly but surely, my war-chest slowly gets larger and larger.

 

By the way, it is good to remember also that one must never never treat the stock market as the place to get rich fast. If that is the aim, then you will definitely be "thinking of money" when you enter. This can result in painful experiences for you, since your dominant thoughts will then be focussed on making more money or how to beat the market instead of how to minimize your losses.

Best advise is not to play big, or what they say "plunge", which also means "play big big". Just play small and you can have some fun in the punting game.  :)

 

ten4one,... ler xi oi gai...  (teochew for "you are can")...  :)