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All charting and analysis simply go into toilet when there are rumours or news!! To be honest i dont believe anyone simply claims that they make thousands just going by charts..Could anyone predict this fall last week based on the charts?
Charts are helpful to make a living, but it will not make you rich or wealth. But to become an expert in chart requires more time and effort!!
This is why holding or averaging is only for rich people
who
can afford to lose a lot of money and don't need it...
Veera99 ( Date: 05-Aug-2011 12:11) Posted:
| Not sure if the downtrend is already over...price can go anywhere. If you can hold for mid-term, just hold and see if you can average. Before 2008 this was quoting more than 3 SGD i guess. Cut-loss is good only if its done on right time. I have more than 15 lots with avg of 1.80. But i bought with the long term view, but unfortunately the results were bad and nose dived. Too me cut-loss is not possible unless if i need the money badly..rather cutting loss, today i will wait for some more time. |
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Ireally really feel that charts are kinda useless as stocks are just based on supply and demand. Few months ago in school when i took a module on technical analysis i just couldnt stand it(the teacher saying how well it works and all) i just told him if it was that great why dont u stick to the theories and all and make nice money instead of teaching and boasting?
I also know some people spending thousands to LEARN about charting and technical analysis, only to lose thousands more when they start trading. I feel some of these courses out there are simply scamming green horns money into making them think it would be a worthy investment.
However i do agree that following a chart is also good because it prevents one from trading according to emotions which can be devastating..
Isolator ( Date: 05-Aug-2011 11:58) Posted:
There is always a possiblity.... That's why look at chart carefully and not to be distracted again..... Continue to trust your charts
Bloodybloke ( Date: 05-Aug-2011 11:54) Posted:
Not that i have confidence in this stock but more of waiting for BBs to re-enter. I heard from some remisiers this kind of stock are " dirty" and not transparent like Keppel or SGX therefore its bad for long term because the public doesn't really know whats going on behind the scenes. However if big player wants to push up the stock really nothing can stop them, and thats kinda what i am hoping for now.
I also feel that this massive dow jones drop is a move by big players to clear and weed out all the retail traders(mostly those who contra) before making their next push and trapping people once again when the market makes a turn(as always). |
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just curious, do u know wats the dividend paid out per lot for cosco?
BTW, I had sold all my 15 lots yesterday which I bot 2 days ago
sriramanv ( Date: 05-Aug-2011 12:02) Posted:
| Cosco is not that bad. Market trend and results made this stock like this..but there was a time everyone was giving a buy call on this counter with targets above 2.50 etc., I think sembmar holds 30% on cosco. Fundamental is still not changed, if you are a long term player dont just decided on QoQ basis. |
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Not sure if the downtrend is already over...price can go anywhere. If you can hold for mid-term, just hold and see if you can average. Before 2008 this was quoting more than 3 SGD i guess. Cut-loss is good only if its done on right time. I have more than 15 lots with avg of 1.80. But i bought with the long term view, but unfortunately the results were bad and nose dived. Too me cut-loss is not possible unless if i need the money badly..rather cutting loss, today i will wait for some more time.
A chart only shows what is possible...
By itself, it does not predict anything...
If chart users lose money, it is not due to
the chart, but due to the people who staunchly
believe in their belief (ego),
with or without a chart...
Isolator ( Date: 05-Aug-2011 11:58) Posted:
There is always a possiblity.... That's why look at chart carefully and not to be distracted again..... Continue to trust your charts
Bloodybloke ( Date: 05-Aug-2011 11:54) Posted:
Not that i have confidence in this stock but more of waiting for BBs to re-enter. I heard from some remisiers this kind of stock are " dirty" and not transparent like Keppel or SGX therefore its bad for long term because the public doesn't really know whats going on behind the scenes. However if big player wants to push up the stock really nothing can stop them, and thats kinda what i am hoping for now.
I also feel that this massive dow jones drop is a move by big players to clear and weed out all the retail traders(mostly those who contra) before making their next push and trapping people once again when the market makes a turn(as always). |
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yea i just feel the downside is coming to an end after such a hardcore drop, and it MIGHT drop a little more but sooner or later it will rebound once the massive buyback starts :)
sriramanv ( Date: 05-Aug-2011 11:59) Posted:
| It may already be too late to cut-loss (i do have this counter with a higher price). I may either buy some more to average and come out once it bounces up. |
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Cosco is not that bad. Market trend and results made this stock like this..but there was a time everyone was giving a buy call on this counter with targets above 2.50 etc., I think sembmar holds 30% on cosco. Fundamental is still not changed, if you are a long term player dont just decided on QoQ basis.
kinda true thats what i heard too as i said, but i wanna just hold out for 1 push and hopefully sell this away..ahh welll....
Isolator ( Date: 05-Aug-2011 11:51) Posted:
| Dont hold Cosco.... just day trade..... It is for trading... |
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It may already be too late to cut-loss (i do have this counter with a higher price). I may either buy some more to average and come out once it bounces up.
There is always a possiblity.... That's why look at chart carefully and not to be distracted again..... Continue to trust your charts
Bloodybloke ( Date: 05-Aug-2011 11:54) Posted:
Not that i have confidence in this stock but more of waiting for BBs to re-enter. I heard from some remisiers this kind of stock are " dirty" and not transparent like Keppel or SGX therefore its bad for long term because the public doesn't really know whats going on behind the scenes. However if big player wants to push up the stock really nothing can stop them, and thats kinda what i am hoping for now.
I also feel that this massive dow jones drop is a move by big players to clear and weed out all the retail traders(mostly those who contra) before making their next push and trapping people once again when the market makes a turn(as always). |
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Bintang, do u have a blog site? Can you share the link? i wish to learn more charting from your perspective.
Thank you so much
Bintang ( Date: 05-Aug-2011 09:49) Posted:
Do not buy S-chips .
Gaecia ( Date: 05-Aug-2011 09:37) Posted:
| morning Bintang, is it still early to go long today? Or would u advise vesting in staggered % |
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Not that i have confidence in this stock but more of waiting for BBs to re-enter. I heard from some remisiers this kind of stock are " dirty" and not transparent like Keppel or SGX therefore its bad for long term because the public doesn't really know whats going on behind the scenes. However if big player wants to push up the stock really nothing can stop them, and thats kinda what i am hoping for now.
I also feel that this massive dow jones drop is a move by big players to clear and weed out all the retail traders(mostly those who contra) before making their next push and trapping people once again when the market makes a turn(as always).
Dont hold Cosco.... just day trade..... It is for trading...
Buy and hold do not work well for downtrend stocks.. It will just go lower and lower.. That's why practising cut loss is an art to minimise losses and you can always try again when the trend is in your favour ...
so u have confidence in the mid-term( a few mths to half a year) for cosco?
Bloodybloke ( Date: 05-Aug-2011 11:34) Posted:
| i only got 9lots lolol im poor and a few k means quite a lot to me to be honest. However i do believe that patience pays and i have no problem holding it for months :) |
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i only got 9lots lolol im poor and a few k means quite a lot to me to be honest. However i do believe that patience pays and i have no problem holding it for months :)
looks like this few days you are very suay!
yesterday u bot 1,45 ,u cut today.
just now u shorted at 1.35, now u covered at a loss too
Isolator ( Date: 05-Aug-2011 09:53) Posted:
I already covered.... Just test water... lol
muifan ( Date: 05-Aug-2011 09:46) Posted:
wa iso sifu..like tat play abit dangerous eh...
either u cover ur losses or u lose 2 x more ehh...
but then i wish u good luc |
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u have how many lots at 1.47...
if it'svery few, then........
Bloodybloke ( Date: 05-Aug-2011 10:48) Posted:
| just wondering anyone theer still holding like me? My average is 1.47.. o.O |
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You are very brave.. I believe many of us have cut loss... Coscocorp is still in downtrend..
