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what stocks to buy now

elfinchilde...

Yea...Way to go Buddy, .... do up intend to do CFD?  ...  :) 

 

heya..

iPunter...appears this elf ain't too good at the tarot, no? ;) no worries, anyhow. :) on a more serious note, was going to trade aggressively next year actually (ie, more short-term, and on TA). so any guidance you can provide there would be much appreciated. :)

 

Of course Livermore...  that's the way to go man...

The top proirity in trading is to protect your capital.
So one's dominant thought should be on not losing your capital, and not thinking of  making money fast. Literally, one must necessarily be too "kiasu" when dealing with the unpredictable stock market beast.

But it is in human nature to throw this to the winds.

 

The times when I exit and re-enter is for safety. Sometimes under certain circumstances, I prefer to got for safety first and exit. When the uptrend resumes, I re-enter. It is important for me to protect my capital.

 

Yup... a lot of brokers (remisiers)  subscribe only to a philosophy of 'investing' as opposed to trading. So even to these professionals, a client who exits and re-enters will make them raise their curvy eyebrows a few cm.

When I talk about TA, I just mean good olde fashioned simple charting, and not to bother with the available toolboxful of indicators, oscillators and such. To me price behaviour is the only self-sufficient consideration.

 

Hi IPunter,

My broker used to say I am quite "strange" compared to his other clients. For instance, I can sell a share at 89c and then I buy back at say 95c. Actually I think I know what you are driving at i.e sometimes people sell but when it goes up, they justify themselves that it too late and don't want to buy in again. 

Just that if only I can be good at TA then I use a dual method ie. use TA to "lock in" some profits and then just "park" my money at some shares with long term goal in mind. That would be ideal:).

Well I am still reading what guys write and look at the charts and I really see that Singaporegal's prediction is quite true.

Thanks for your comments too as well. Happy New Year!

 

Anyway... if you think that you've sold too early and can't swallow (there goes that filthy porny word !) the fact, you can always comfort yourself with the thought that you have actually "left some for the next man". This can have a miraculously therapeutic effect upon one.... :)

 

Livermore...

It seems to me you have exited without reference to the chart. (Of course I may be too presumptious). But if that's not so, I would have thought that you can always simply 'step back in' decisively without hesitation, if there's indication to you that it's still going to rise further.

I mean what's the big deal about having exited? Unless you think that after exiting, the doors are closed up on you.What do you think?

(This is different from 'constantly going in and out', which is the style of a nimble-fingered trader)  

 

Hi Novocaine,

That's why I don't want to repeat the same mistakes any more........ 

 

*Oops* some spelling mistakes in earlier post. 

Yes, I have made some wrong calls. Now I have to be more careful when companies release their results. I got caught once. But I have only 2 counters now as I don't like to "spread myself out too thinly". I don't like defensive stocks. I prefer growth stocks. Actually I made my buys into quite a few good counters like Labroy at 58c, Fibrechem at 60c, Ezra at $1, ASL Marine at 60c and some others which I cannot remember now. The problem was I was impatient. I sold off much too early. Hence my idea of not "going in and going out" too often. However I will still have to monitor.

Yes, I agree sentiment is still the "overriding factor" in stocks regardless of how cheap or good the stock may be. I always "stagger" my buys so I don't get caught out. However averaging up can sometimes be tricky. So after a certain range, I average up very minimal lots.

Thanks Elfinchilde though for sharing your inputs.

 

I was worse. I entered labroy at 37.5 cents and jaya at 38 cents and i let go at 45 cents each..I can never forgive myself till now!!

 

Yes, I have made some wrong calls. Now I have to be more careful when companies release thier results. I got caught once. But I have only 2 counters nows now as I don't like to "spread myself out too thinly". I don't like defensive stocks. I prefer growth stocks. Actually I made my buys into quite a few good counters like Labroy at 58c, Fibrechem at 60c, Ezra at $1, ASL Marine at 60c and some others I cannot remember now. The problem was I was impatient. I sold off much too early. Hence my idea of not "going in and going out" too often. Howevere I will still have to monitor.

Yes, I agree sentiment is still the "overriding factor" in stocks regardless of how cheap or good the stock may be. I always "stagger" my buys so I don't get caught out. However averaging up can sometimes be trigger. So after a certain range, I average up very minimal lots.

Thanks though, Elfinchilde for sharing your inputs.

 

 

elfinchilde...

hehe...
I mean many of us here will certainly be loving your style... the way you post the way, the  value-added content you offer...

and.. and..  now, wow! ... it seems you can even do a Tarot spread!

How lucky we are to have you here my dear...

I mean seriously...  :)

 

iPunter....haha, you sound merrily boozy. haha. :)

Livermore, no prob. Been rereading the posts. Seems to me as though you've made a few wrong calls on a few counters and are casting about for fresh leads now. i'm softhearted. heh heh. so...



..i've done both institutional and retail fund mgmt before, for the latter we're required to profile our clients based on their risk appetite and suggest appropriate investment strats for them. Now i've never met you face-to-face, but if i were to profile you (correct me if i'm wrong): you're a more traditional investor in that you prefer solid fundamentals as opposed to TA alone (ala our cool cat singaporegal), you are uncomfortable with short-term trades (in-and-outs make you nervy) and while you like the occasional punts, you get very worried at losses. i.e., you're actually unsuitable for high risk/reward counters (like iPunter and rouge trader...why do i get the feeling you two are not opposed to shorting counters and blithely punting on 'hot tips'... :P).



so if i may be so bold, what i'd suggest for you is actually high div, defensive stocks, recession-proof stocks, and growth stocks. Split your portfolio amongst these. Do it by DCA. (it's the portfolio we call 'capital preservation with chance for steady growth'). True it's less 'sexy', but I trust you'll find investing more profitable and less sleepless nights this way. :)    

 

elfindhilde...

Forgive me for being rash...

but I think we love you ! ... :)

 

Hi Elfinchilde,

Hey I appreciate you taking so much time to explain so detail to me on CHT. I feel bad taking so much of your time. Thanks for helping us out.

 

Hi elfinchilde, yours posts really "like" your name, very "chim". Anyway, I enjoyed your posts very much and hope to be able to learn from you more. If only my reminsers can forward me those reports like yours then I more free liao. And in my own contexts, those who are really in the stock market in the long run will realise that what you posted can "shed" some lights on how to really MAKE $$. Hope to see your posts often, Merry Christmas to you, the rest of the forum participants and to the people behind ShareJunction.

 

elfinchilde... :)

hehe... I suppose whoever learns from whom doesn't matter... take it in the spirit of brainstorming and all should be well.... :)

Incidentally having the 'title' of master, etc... does not necessarily  mean that one is a master, etc... in stock market matters.

The ultimate test of a master ( or whatever ) is that one makes good money in the long run. If one makes money in the interim but eventually gives it all back to the market, what good does it bring to be treated as master, etc.? ... :)

Anyway, as far as I am concerned, YOU are my teacher as well.... :)

 

heya,

nah, i'm no guru. Like everyone else here, i'm just a learner. And singaporegal, i'll tell ya straight out that your TA skills beat mine hands down. :) I only hope that all the masters and elites here don't think i'm too longwinded/showoff. esp since i'm prob one of the younger ones in this forum. >~<

but yea, currently doing such long posts in the hope that fellow retail investors can learn (just as i'm doing from you guys and girls); am really quite tired of seeing small fries being taken for rides all the time. So yea, FA or TA, really, let's all pick up the skills for whatever _individual_ strategy that works for us, and make up our own, informed minds. that's the only way to beat the market in the long run. that's my wish for everyone at sharejunction.

hope this elf has been of help. :) merry xmas one and all! 

 

Yes... I think elfinchilde is the real guru here!

Not many people I know can combine FA and TA so effortlessly.