Others
How much have you lost so far.
Post Reply
121-133 of 133
Manikamaniho,
may i know why you are strongly recommend the Genie tutorial?
what is it actually about? the website doesn't really tell much about its content.
thanks
My minium trade is never below $10,000. On average I buy $30k-40k of stocks. Go for short term, I dun make, try long term, I still lose.
How I lost the next 35K. I bet big on the following.
Buy CitySpring at the peak, the most usless "safe" stock. Lost, then goto rowsley, Peter Lim stock, tot very good sure make if got Peter Lim, LOST, then buy ChinaNtown during falling knife.. LOST. Then buy Hongxing, the so called olympic stock, LOST! Finally bought SGX, the most usless, greedy, company run buy the most usless people, LOST..
NO matter how much TA you use, if you don't pick good stocks, you end up like me.
Notice some of the counters are seriously undervalued. Maybe its time for me to practise 'buy when others are fearful' theory. Then if price goes down, start banging my head again
If most of people is losing recently, who is winning?
One of my biggest weakness is that I like to keep holding onto shares until it reaches the level I deduce it will reach. Less than that, I won't sell. Cutting loss is definitely out of the question for me. Very bad practice but it's me. : ))
Hey Cashier,
Yep... that's one of the first books I read. Wow... there's an ENTIRE scanned copy of it online?!!
Lazyhorse,
Last year's penny stocks bull run would have brought you close to break even. It would've been a great opportunity to sell. Unfortunately, you didn't. Maybe you wanted to sell at even higher prices. Don't be too greedy.
failure,
The 5 last years, the market was on a bull run. Maybe it was the wrong strategy which caused your losses. Maybe if you list how you made your losses, we could help you to correct your mistakes.
Guys u can consider this free TA school which I personally use it to train my TA skill. Mastering half of what it teaches you can make u a full time trader. Best is that it is free! It contain many strategies and quideline which i personally use. I would suggest you to USE the PROVEN source of education.
http://stockcharts.com/school/doku.php?id=chart_school
Good luck!
It is surprising that people are willing to lose huge sums of hard-earned money in the stock market, but these same people will refuse to pay a couple hundred bucks for a great tutorial package like the "Genie Tutorials" (click to see).
Had they bought the Genie, it would be utterly unthinkable that they will lose a lot...
Sometimes, recommending something truly good is like "barking in the wilderness"... 
failure,
You are refering to paper loss of $70k or cash $70k ? If you don't sell, how would you consider it as a loss ?
I am still holding onto some counters that I bought 10 years back. One counter I bought at 30 cents, now only 5 cents. Another counter bought at 20 cents, now 7 cents. All these are in the number of tens of lots.
Like you, I lost heavily on Clob shares many years back. Dare not count how much.
Now I just buy for the fun of it. If go up, happy a bit lor. If go down, I just come to this forum to cry father cry mother a bit...
It's also quite stupid for me to ask u this...... After lossing the initial 35K which i assumed that u din have knowledge or little on stocks right??
However, when u decide that u wanted to SO CALL earn back the loss amount,,,, DID u do anything like taking up courses or read up on how to trade or again hear from RUMOURS and read only on newspaper / articles???
U know? I's just that u dun have L.U.C.K which is Learn Under Correct Knowledge.
Though i was also a victim since AUG which cost me a BOMB which is a big one... i tried to gain more by taking lessons and attends to talks...
Hope this help u understand more..... cheers
$70,000
This is how much I lost in 7 yrs.
Slowly but surely.
In good times and in bad times.
year 1 to 5, I lost a grand total of 35k.
But I did not give
up, I tot I can make it back from the market.
But in my haste to ?make it? Ended up I lost another
35k in just 2 yrs !
Bros.. pls take care and dun be stupid like me
