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Fibonacci phenomena are great as a pursuit of romance ... viz the romance of Fibobacci, the Golden Mean, etc...
Victor Niederhoffer said in his book on practical speculation that no indicator is reliable.
His favourite indicator Vix worked for buying and selling S&P futures for a number of years but this year using vix would have been disastrous.
He thinks Fibonacci numbers are too subjaective and almost useless
Better to rely on pi and the moon for the time being.
With my sifu's tips here, now everyone does not need to buy any more expensive books.... :)
good and simple post
Darn good post, neighbour (Nextdoor)!
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Some trading rules to ponder about! Technical Analysis teaches traders to execute positions based on numbers, time and volume.This discipline forces traders to distance themselves from reckless gambling behavior. Through detached execution and solid risk management, short-term trading finally "works". Markets echo similar patterns over and over again. The science of trend allows you to build systematic rules to play these repeating formations and avoid the chase: | |
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trade within your financial ability.
However, margin lending not my choice to hold. can get more heart attack if market goes against you.
Hold is true... that is not very true if you are unlucky enough to buy at a peak. Also, if you are on margin and you hold, all your money can also go "poof" in a short while!
Agree with maxsyn.At least in shares u can hold and have some dividend.
I take one step further,I borrow through margin lending to pick up the shares after 3 days.
Hold provided you paid up for it in 3 days time else hehehehe.....
in share, if below cost, still can hold.
in casino, if gone, you have to bet, loan or rob to continue the game. that's simple
hehe... the stock market is already a casino of sorts. I punt punt a bit on 4D, but so far no luck, only horse sai.
why are u punting in shares then?
U should be in casino.
4D and casino once gone is always gone.
for stocks, still can hold shares unless company burst. hee..hee..
now see HSI recovering some losses and waiting to profit HSI index call warrant.
sohguanh... hahaha... you are very right... thank you for reminding us :)
Punting 4d is also quite a thrill, but there again, if you punt too big, the fun is no more there. In whatever punting, it is important to make sure you don't do it big. Punt small lose small, punt big lose big. :)
Take the 100K to casino and play big small and within minutes I will be 100K richer or 100K poorer. The fastest way to make money AFAIK than play with the stock market for one year so tiring. Chop chop one shot see results more shiok rite? :P
If u have S$100k to trade in the share market,wonder what is the expected rate of reurn on a yearly basis.
ipunter, punting shares still better than betting 4D and Toto, one way ticket!
Hi Cashiertan, you are already very good at trading. If you are impressed by this man, then he must be damn...... good ! One day, must take leave to pay a visit. Btw, I wont be surprise that because of your post, the POEM centre will be drawing huge crowd !