Post Reply
1441-1460 of 2995
Keep your cash tight. Don't put all your eggs in one basket. Same here. Sell brokerage firms if you have them
rutheone1905 ( Date: 06-Jul-2009 17:31) Posted:
| As i had mentioned in 17 Jun that the mkt will clash believe it or not it is coming n coming alrdy. now you see the lighter one becos still got many unbeliever supporting the mkt doing the so called buy when dip. please dont becos it will keep dipping. cut loss now n when mkt do a slight reverse sell n leave for the time being. unless ofcos if u r very solid in TA (forget abt FA during this times), u can still profit during this chopping times. alot of solid TA players love this period but many r not. cheers. |
|
wow!! mkt is begging me to buy at 1.67 siah !! :P how it end up in this pathetic state har? was ard 1.80 days back ONLY !! :D ....mabe CHEONG WEE is not ard..that's why? :D
Got not much economic growth, how can commodities stock rally. Actually SAR rally too much already.
Maybe this coming qtr news may help it rally again. Continue monitor.
Agree, dump this counter. As for other counters, I am not too sure as I have not been watching them. SAR is downtrend as mentioned by LauLan.
As i had mentioned in 17 Jun that the mkt will clash believe it or not it is coming n coming alrdy. now you see the lighter one becos still got many unbeliever supporting the mkt doing the so called buy when dip. please dont becos it will keep dipping. cut loss now n when mkt do a slight reverse sell n leave for the time being. unless ofcos if u r very solid in TA (forget abt FA during this times), u can still profit during this chopping times. alot of solid TA players love this period but many r not. cheers.
apologies for the typo.
it's actually 1.67. vested!
lowest price reached 1.66! feel like loading up on this dip, though im aware of the cautious climate these 2 weeks.
This bugger is obviously on downtrend. It is only at which price we can consider a good entry point. If SAR shows low volume, I think it is wise to make exit.
Hi RichTan
Any update on this counter? You are God send for TA analysis for this Forum!
As said by you and other forumers, we all share our views and opinions in this forum.
Nothing is for sure even you use TA/FA correctly. There would be no one investing in stock
market if everything can be predicted.
Some ppl have their own favourite counters but should not go their extreme to convince ppl to follow their advices. Sharing advice is ok but pls based on fact and data and not merely a blind liner. New traders that new to trading will tend to follow blindly and burn their fingers. Should not quote something like: It will cheong tomorrow or by week it will exceeds $2plus....Based on what basis??
SAR is long term stock, it not a buy today and sell tomorrow type.
The forum is both useful and detrimental. I got burnt on one call many years back so I got wiser not to blindly follow any call. If there are 10 counters recommended, I would probably go for one or two only. I traded SAR on my own decision and have cleared my positions at around 1.74 in May and happily made about 10K all-in. Did not enter anymore even though I was nearly tempted to go in at 1.80. If I had gone in, I think my profits would have been wiped out. Lucky for me!
Is not end of the world.
Tata Rich Cheong Wee (from SAR is enuff to grant you this title but I really mean both of you), will miss you and your post. I hope to see you back to say hello share more tips and tell us a bit about the silver thingy.
Hi Forumers,
After much consideration and painful decisions and thought of only quit posting when there are too many forumers doing misleading post and forumers rebuting for the sake of rebuting, I had finally made the decision to stay out of posting and join the ranks of Cheong Wee and remain a passive reader, too energy-zapping and time-wasting, much as is my passion to help newbies but I find a lacking of support from the rest of the forumers except for the handful of forumers who are willing to stand out to lend me their support and rebut, the majority are just passive readers.
I will resume my sharing, advice and TA posting only when admin removes people like newtothis n anfield_76 as it defeats my effort of posting and sharing with all this irritant in my eyes.
My last advice to all newbies is to click my nickname and read all my advice and sharing and not fall prey to all those deceptive ploys, one-liners, BBs, emotional postings, wild calls telling u tat "it will hit xxx price by today" even b4 the mkt close as if they dominate and control the mkt like Lord Buddha control Monkey God under his 5 mountains.
Bye for now and hopes to return later when the environment here is more conducive and less of all this undesirable noises and deceptive ploys like BBs and those emotional postings.
Just my sharing with all forumers, prticularly to newbies.
Read today's Sunday Times,"Invest, pg 23", I quote in red:
"Watch Out for Scammers"
Point no. 3:
3. Pump and Dump scams.
These are typical conducted via an unsolicited phone call or e-mail. The scammer, who holds a stock, attempts to boost its price via false and misleading recommendations (the "pump") which are e-mailed to many people. The stock is often promoted as a "hot tip". Once there is a surge of interest from victims, the scammers sell the stock (the dump").
The victims lose their investments as the stock price falls. Such scams usual target thinly traded or small-cap stocks as they are easy to manipulate and it does not take many new buyers to push up the prices. To avoid being taken in, it is best not to rely on information you receive via an unsolicited source.
My comments:
(1) This is true not only via unsolicited phone call and e-mail but also in public forums, so be wary of wat u read and dyodd.
(2) It is also true tat scammers usually target thinly traded or small-cap stocks, but it is still okay to trade small-cap stocks if u dyodd using FA and TA. Knowing tat the stock has good fundamentals is not good enuf as u may get caught buying at a high price by the "pump" which is primed for corrections (the dump"), thus the importance of TA to know whether it had been pumped up (avoid buying and being caught) and instead wait for buying opportunities (during the correction) by studying the candlesticks and other indicators for reversal patterns.
richtan ( Date: 04-Jul-2009 22:21) Posted:
|
Hi Rachael,
I hope u dun feel offended with my sharing, this is just my opinion and advice as everyone has their own trading style, I sincerely hope my sharing will help u n benefit u.
It is my firm belief tat there is no easy way out in life, including trading, we need to learn the tools of the trade (be it any trades) be it FA or TA or both as I had posted in this forum sharing my folly when I 1st step into trading, taking the easy way out n wise up after making hugh losses, do a search on my name n read it.
Personally, I m both FA n TA with more inclination towards TA.
FA wise, I read broking houses writeups, CNA interviews of analysts, forum, bloomberg... blah...blah...blah... just to get a feel of the mkt as I m sure after listening/reading so many analysts views, we tends to get confused at times as there are conflicting opinions n views, so at the end of the day, I still stick to TA as my tools for my trading decisions, though it is not infallible.
We need something to guide us when we tread this minefield of trading, so TA is my compass n guiding light (though it is not infallible, thus the need to set cut-loss point) just as satellite navigation is the guiding light to planes n ships.
Depending on your inclinations and whether u seriously want to learn TA, I had made many postings sharing my advice, recommended a few good TA books ( u can also search bookstores for some good TA books) n "Free TA Tutorial" websites n expert TA analyst website, click on my name n search n read thru them all n read as many TA books and money management books, it will definitely stand u in good stead.
Making losses is part n parcel of trading, thus why I always remember by heart n abide by the 3 mantras I learnt from TA books:
(1) Remember, the trend is your friend, never, never go against the trend, we need to know the short-term, mid-term n long term trend n trade accordingly
(2) Plan your trade n trade your plan, which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade
(3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.
rachael ( Date: 04-Jul-2009 12:57) Posted:
|
 (i don't like this, but after reading the post made me so angry). I did brought at $1.78 and $1.79 and sold at $1.80 (I thought I am an adult no need to explain to people of my action but since i am attack here so need to clarify myself )
brought at $1.78 because seen this share has been going at $1.98 this is early or Mid June but who knows once I buy it started to fall to the lowest at $1.68 and contantly around $1.75/$1.76
Okay, than I thought maybe i should hold on to it since all other counters are not doing well and so been stuck there since mid June until now..than i read Cheongwee posting and so some research about this counter and think maybe this is not so bad and brought some at $1.79 when i saw the price starting to go up to $1.83....yeah maybe it is true that it will go up to $2.20 soon, so better not miss the boat.
Now what made me sell at $1.80....every morning and evening I will hear the financial news from the radio and Thursday will be an important financial unemployment figures from the USA which was why this week trading was thin. If employment figures are high, US will be more difficult to come out of recession and shares will tumble. Cheongwee, I thought you said I must have a lost stop?so that what i am doing...and you are right I did not made any money and also did not loss any money on this counter. I have already paid $1800 loss on Epure so not going to pay again for another lesson. all these are my hard earn money from my full time job,.
After I sold at $1.80, yesterday this counter ended at $1.74/5(?).... which is not so bad.... I thought it will tumble further. As mentioned before I am very new trading shares, just earn a few thousand from Mermaid so I am still learning and will get very upset with myself if I get burn from trading shares.
btw, who do i offended huh??? exchange 23, thank you for speaking out for me.
|
|
|
|
Cheongwee, you leaving MEH!!!!siow liao lah
...never earn money and got into so many hoo-ahh in this counter....double siow liao lah
......now Bintang also know what trouble i have caused.
Please continue to stay at this forum and give us your sound advise and market feedback(pls stop copy post my previous posting already, I
) otherwise, i will be
by other members in this counter.
Noted, will try (....try only.....no promise.....financial book made me so....zzzzzzzzz(snore)....zzzz, i read only
books) those books you have recommended.
I m really sad and shock to know that bro cheongwee is leaving this forum , I knew cheongwee since posting mermaid . He is friendly and knowlegable , and took trouble to answer all questions . I would be extremely happy if he could change his mind and stay in this family !
cheongwee ( Date: 04-Jul-2009 17:53) Posted:
|
one thing bad abt this forum is that we cannot edit if typo error occur ...unlike kitco forum, where i can alway edit or delete message even after i had posted...
the last statement for the previous post...shd be let huat ahhhhhhhhhh together ....hope march low is the low for this bear.
goodbye and good luck.
cheongwee ( Date: 04-Jul-2009 17:47) Posted:
This is a follow up on previous post...
below i am refering to long term investment of say 5 yrs...not for trading...pls do take notice..
and for SAR , those who say buy on my call, if you feel uncomfortable, try to sell as soon u see profit..and or just invest in blues so to feel comfortable, no point you buy and fr than on you expect up and up ....and down a few cent you feel uncomfortable,and uneasy,,or sell to comfort level...dont over invest.
but at the end of the day, we must bear responsible for our action, no doubt it is my call, but it is your ACTION..and we are must DYODD...you take the action after due diligent..and not just blindly..as we are grwon up adult. not kid.
but i believe SAR will not disappoint..thus, i buy on every dip...i thk going forward it is more riskier now then ever to stay vested,,,,just look at the vol..be alway prepare for the worse to cut if necessary.. good luck.
this will be my last post...i will not reply to any private message or be able to share with you ppl for reasons best known to myself..
thank all for your kindness and sharing...may all be well and happy..
and for the last time....let huat ahhhhhhhhhhh..together...march low is the low for this bear.
|
|
|
|
Richtan's comments benefit everyone. Thanks!
I always do my own homework (TA , FA, Trade checklist and whatever business news) because I know without it I cannot compete with the BB out there and win. After exit a trade, I analyze the trade thoroughly to see what are the mistakes that I made and make sure it will not happen again.
Remember to trade active stocks only so that in case the overall market turn bad, I can get out.
Hi Rachael,
I hope u dun feel offended with my sharing, this is just my opinion and advice as everyone has their own trading style, I sincerely hope my sharing will help u n benefit u.
It is my firm belief tat there is no easy way out in life, including trading, we need to learn the tools of the trade (be it any trades) be it FA or TA or both as I had posted in this forum sharing my folly when I 1st step into trading, taking the easy way out n wise up after making hugh losses, do a search on my name n read it.
Personally, I m both FA n TA with more inclination towards TA.
FA wise, I read broking houses writeups, CNA interviews of analysts, forum, bloomberg... blah...blah...blah... just to get a feel of the mkt as I m sure after listening/reading so many analysts views, we tends to get confused at times as there are conflicting opinions n views, so at the end of the day, I still stick to TA as my tools for my trading decisions, though it is not infallible.
We need something to guide us when we tread this minefield of trading, so TA is my compass n guiding light (though it is not infallible, thus the need to set cut-loss point) just as satellite navigation is the guiding light to planes n ships.
Depending on your inclinations and whether u seriously want to learn TA, I had made many postings sharing my advice, recommended a few good TA books ( u can also search bookstores for some good TA books) n "Free TA Tutorial" websites n expert TA analyst website, click on my name n search n read thru them all n read as many TA books and money management books, it will definitely stand u in good stead.
Making losses is part n parcel of trading, thus why I always remember by heart n abide by the 3 mantras I learnt from TA books:
(1) Remember, the trend is your friend, never, never go against the trend, we need to know the short-term, mid-term n long term trend n trade accordingly
(2) Plan your trade n trade your plan, which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade
(3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price.
rachael ( Date: 04-Jul-2009 12:57) Posted:
|
(i don't like this, but after reading the post made me so angry). I did brought at $1.78 and $1.79 and sold at $1.80 (I thought I am an adult no need to explain to people of my action but since i am attack here so need to clarify myself)
brought at $1.78 because seen this share has been going at $1.98 this is early or Mid June but who knows once I buy it started to fall to the lowest at $1.68 and contantly around $1.75/$1.76
Okay, than I thought maybe i should hold on to it since all other counters are not doing well and so been stuck there since mid June until now..than i read Cheongwee posting and so some research about this counter and think maybe this is not so bad and brought some at $1.79 when i saw the price starting to go up to $1.83....yeah maybe it is true that it will go up to $2.20 soon, so better not miss the boat.
Now what made me sell at $1.80....every morning and evening I will hear the financial news from the radio and Thursday will be an important financial unemployment figures from the USA which was why this week trading was thin. If employment figures are high, US will be more difficult to come out of recession and shares will tumble. Cheongwee, I thought you said I must have a lost stop?so that what i am doing...and you are right I did not made any money and also did not loss any money on this counter. I have already paid $1800 loss on Epure so not going to pay again for another lesson. all these are my hard earn money from my full time job,.
After I sold at $1.80, yesterday this counter ended at $1.74/5(?).... which is not so bad.... I thought it will tumble further. As mentioned before I am very new trading shares, just earn a few thousand from Mermaid so I am still learning and will get very upset with myself if I get burn from trading shares.
btw, who do i offended huh??? exchange 23, thank you for speaking out for me.
cheongwee ( Date: 03-Jul-2009 20:34) Posted:
|
|
|
sorry leh Cheongwee shifu, shouldn't caused so much trouble here.... just that I was surprised to be mentioned here and also the need to clear my reputation.....but seriously, have not been making any money since late may and until now(who need my share statement let me know I can email them) not because of you lah... it is my too kancheong to enter in the market at the wrong pricing....if I have kept my mind clear and don't buy at panic say maybe at the price of $1.72 instead of jumping into $1.78/$1.79, I would be making money now.... However, as a newbies I must be very careful not to be burn in the market. I am also very concern about the US jobless rates in case of another market crash...and all my money are gone.
Same for Epure, it is a good share too, Bintang offer very good advise, but I enter at the wrong price in May...so all these are a learning lessons for me...
Just to let everyone know that I know Cheongwee from Mermaid shares and have been following him to this counter. I like Cheongwee's frankness and his sharing..I also like Bintang's financial analysis as well...
sorry again Cheongwee for causing so much unhappiness.
x 0 
x 0 
Cheongwee, yes brought the shares 
(at the wrong price) and have been 
until now.....however I notice that 
