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Lost $8000 this month !

Most people only complaint what they loss but kept very quiet on what they made for the past fews years of bull run... :))

 

Wah... This thread is generating a lot of views.

My loss is around $5000 this month alone.  

 

I see... I like your style too... :)


as you are a term  (as distinct from indefinitely long-term) investor who is willing to sell at perceived market turning points... that's super! ...

 

I am working full time. Invest full time when I retire:)

 

Livermore... :)

I am not a trader as such, but a trading investor... but only part-time now... what about you?...  

 

So Mani, you are retired and trade full time?

 

Furthermore, trading opportunities are are always popping up all year round.
But at the same time, one must not see trading opportunities everywhere all the time.
One must only hunt around for the greatest setups to enter... the ones which are so ripe and juicy.


So in the meantime, not having any position is a position in itself.

Remember, in order to play properly, stock market education is very, very important.
Otherwise, if one just 'gasak' based on hot tips and exciting rumours, one can end up losing a lot of $$$. So it's better to be knowledgeable by spending some time and money on some good stock market education.

=> "Stock Market Genie" - a beautifully-written 10-module stock market knowledge course.  I highly recommend this. And it is my favourite reference too...

 

Cutting loss is the real secret to not losing a lot...

If you lose a bit... it is so hard to make back...

If you lose a lot, it is even harder to make back...

Not losing is already winning!...  this is the real hard reality...

 

I agree with Singaporegal "It is one of my strong beliefs that Lost Opportunities are always better than Lost Money".

 

Yes, we say "learn from our mistakes". But just remember one thing. It is ok to make small mistakes and you can learn and make a comeback. But when you fall very, very, hard once, it might be very hard to make a comeback.It could be game over.

 

It is not so much wheher you are a FA or TA expert. You might be a expert in FA or TA but if you don't have money  management skills or cannot manage your risk profile, it is no point.

 

nevertheless i believe he will learn his lesson and benefit from it

 

i post on as neutral n frank as possible, i just spk what is to be spoken. furthermore, i think ppl learn better when facing reality

 

thanks to all of you being constructive....

I learn my lesson n in fact it is a norm for normal human ego to strick even if I warn myself before .. but indeed we need good skills to face great challenges... everyday is a new day with new senario... so it is a reminder to everyone, take life easy and there's always a sunrise the next day, so no hurry to chase the sunset

 

Hey pro traders here,

 

How can I start out to trade? Any advise? Any courses that i need to take and pass before i go on to trade?

 How do u guys trade?
 

 

My dear Bigtree... :)

I want to thank you so much for your friendliness...

 

No lah... I have been trading for only just a few short years... hehehe...

What I meant was I have seen that the majority of people play the stock market with that aim in mind ie. to make it big, rather than earn crumbs.

 

My dear Mani friend ...!

I am also a full time trader ... and I also have been using Metastock for the last 10 yrs ( Version 9 ) or so ... I believed we have a lot of ideas and things in common ... I may even have the meta subscription infor that you needed ... I think we have more to gain than loose ... I have extended the invitation to you ... It's up to you to recipocate.

 Cheers ... !
 

 

Wow! Manikamaniko.

You have been trading for 40 years!!

You are lao qian bei!!!

 

BigTree... :)

It is very nice of you to extend us that very friendly gesture...

But I must say, some  like me are so keen to concentrate and enjoy their trading so much that they are willing to forgo many of the simple pleasures of life, such fraternalising over coffee. They'd prefer their "solitary trader's life", especially if one is a day-trader...

 

Hi Cashiertan &  Manikamaniko ... do you guys have emails contact ... perhaps we could share even more and maybe have a cup of coffee too ... !

 

Cashier... :)

You really can't blame Jason for trading so much... Since 40 years ago, I have seen this is the norm in stock market play here, especially with our affluent society. I mean, who wants to make only crumbs when you hope to beat your neigbours (near and far) in the race to match their affluence and wealth?

So I will not penalise Jason for his noble aspirations, but rather, I will advise him to appreciate that the stock market is in reality a two-edged sword.

Do take up defensive trading strategies such as taught in the package:- "Stock Market Genie"