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First lesson on Investment

limkt009...

Yes... you are so right there about stocks...

Of course people play stocks to win, not to lose...

And invariably, winning some money (sometimes a lot)  makes people  go for it as a sure way to make more of it.

In the stock market, wisdom usually simply means don't bet big.
But if one doesn't bet big, then how is one going to make big money?
It's a lose-lose machnism, if you will.

 

I think it also means winning enough $$$ as well. If not, what you are saying is trading is a sure money losing game, it is both ways depending on your wisdom and discipline.

 

ahhh....nono punter, elf will talk nothing on love/personal life in a public forum! o_0 general discussion can, but nah. let's focus on the stocks. more interesting. elf on the hunt now. hehe.

 

burntbadbad...

Using the title of "Qien Bei" (elderly master) is perfectly acceptable in the world of the stock market... :)

As long as one realises that this term  applies to one who has been in the market long enough to have lost enough $$$.

So it is therefore not something to be proud of.

 

Elfin...

Wow... it's great you care to offer you views on love as well as stocks... :)

How about some 'TA' on love, too?... lol.... :)

 

em. punter, by sentimental, i meant 'attached'. ie, never get too attached to your stocks that you cannot cut loss.

the 2nd line was separate actually. but yea, now that you mention it, i do see your point. love or money, need to know when to put a stop loss.  

 

Hi burntbadbad,

Glad to know that you are well and reading postings here. How's your baby. My grandson (16 months old) is beginning to learn all the great survival tactics and tricks now. He crave for the 20cts coin operated toy-car joy rides at the market and request for tit-bits frequently throughout the whole day when he is not sleeping!!. I believe it would be very interesting and exciting to record everything about your baby in a book from the time he/she was born till he is married. Include pictures as well. This exercise may give you relaxation and help you to improve in your share trading because you are not so uptight.



I believe the wuxia term "qien bei" is associated with addressing the generation above the present one, regardless whether they are the most skillful or not, good or bad. The norm is usually associated with the good ones nevetheless. It depends on who is addressing who. The disciple from the good sect still has to address the leader of the bad sect as "qien bei" if the bad sect leader is one generation above him. That's protocol rather than respect. Similarly, if my father is a drunkard, I will still have to address him "papa" rather than call him "jiu gui".



Wuxia xiao shuo talk.



God bless.

 

hi burnbadbad

how are u?long time no see or hear rather.

Do u intent to be good at TA for trading like sporegal?

 

Good evening ipunter and lewsh88. Excuse my inept vocab on the word qien bei. Like some kind of wuxia (sword fighting) show right?

Actually my ears itch cos I never expect to be remembered in this forum where everyone seems to know everyone. So am pleasantly surprised when I glanced at this thread and saw lewsh88's post.

Prefer to be called by my pet name (burntbadbad) cos it serves as a reminder to my chao ta days. Ha ha...very cute name don't you think? ;-)

I hear about stories of seniors who got burnt before they start to make $$ but it's so hard when it comes to oneself. It  gives me another dimension to value of $$ now. So easy to make and so easy to lose as well.

Frankly speaking, I also still don't really get IT. TA i mean. More difficult to understand than women!!! But I must agree that going for the course made it easier than trying to digest a book on my own. Got indigestion from Mr Williams. Ha....just kidding. I replied singaporegal jie jie I'll be a good girl and try my best to understand it before asking for HELP.    

 

To put things in perspective, here are two quotes which are equally true...


"Fortune favours the bold"

and...

Fear of the stock market 'Lord' is the beginning of wisdom.

 

Hi loheiseli,

hahaha... you are such a frank person... :)

If your ears itch to hear things, it's good to make sure you hear the right things and not just what you desire to hear.

Frankly speaking, in the world of the stock market, "qien bei" (elder master) may not be a desirable form of address, since most people who have played stocks over a period of years or decades have lost $$$$.

 

Actually, TA's sole usefulness perhaps lie in its function as a decision-making tool, and nothing more. 

This is because technical analysis is at best a tool to help us to discern probabilty in an outcome but not a certainty.

This being the case, no matter what tool we use, it still finally falls back on us as the decision-makers to act in a responsible manner, even though the money we use to bet are our own.

The only certainty is the nature of the stock market ( note there's a distinction between "stock market" and "companies") ie. the uncertainty of the stock market.

 

Hi loheiseli,

"stockphobia" is not something new. I got into it a few times during the last 30 years. I got burnt- bad-bad and burnt-black-black a few times.

Sometimes the phobia made me stop for a whole year. Once I stopped for 3 years. Then back again. But the money I lost was my own money. Every single cent of the losses, my own money. No loans.



I made some. That's why I'm still alive and trading.



After attending the novice class at terraseeds, frankly, I was still blurr.

I attended the MACD two weeks ago. Very heavy - 9hours in a day. But I'm better now. I would have sold my sembcorp & parkway a week ago and made some profit, but after some pondering with the MA crossover charts and MACD signal line thing, I'm still holding on the two counters and my profit has risen considerably. The school fee of $285.00 has been fully paid many times over. 



For information of those reading this story, I'm not vested in teraseeds.

Only sharing some good lobang.

 

Elfin...

You mean one should get all sentimental with a lover?

What if just one party is playing the 'sentimental' part?

Won't it end in a bad deal for one party?

 

Sorry logged into the wrong account. Its me, burntbadbad just now.

 

Hallos lewsh88 senior and all qian beis (in my time of difficulty)

Ha ha my ears very itchy leh. Saw your post only just. Thinking of changing my nick to burntblackblack liao. :-) Finally found the courage to go back to trading only recently. Wonder if there's any scientic term for stockphobia??? Made some kopi$$ on cosco, celestial and sinotech and lost 1 on wilmar. Overall is green candle in the chart. Ha ha...

Used the techniques taught in terraseed class and am better able to judge before making any trades. Been a bad girl and not been reading up on my books. Promised to get back to Mr Williams this weekend. Agree about the stop rule. Even taught my baby how to read the sign STOP whenever we see it! Ha...its true, cross my heart. 

Think I'll go for the intermediate class when its nest available. Anyone went for the novice class yet?

 

never get sentimental on your stocks. it's money; it's a tool, not your lover.

 

Two experts' principles:

To me, more theoretical or paper principle/approach (not possible to achieve for frequent traders):

Rule 1: Never lose money

Rule 2: Never lose money

Rule 3: Go back to rule 1

To me, more practical principle/approach (possible to achieve for frequent traders but hard to standby it):

Rule 1: Disclipine

Rule 2: Disclipine

Rule3: Go back to rule 1

The above comes with assumption that you have studied all the TA,FA,etc. tricks from season traders, and have some strategies for trading/investing

 

Ya lewsh88, If anyone tells you it is a sure bet; be sure it'll surely go down for sure! Just like saying " I've never crashed as an F1 Driver!" .Cheeers!

 

ten4tone

You're absolutely correct.

Larry Williams' final 3 golden words in the last chapter of his book Long-Term Secrets to Short-Term Trading says it all:

"Always use stops".



Another good quote by Larry:

"A perfect system or approach does not exist. Never has, never will".



I believe our SJ member burntbadbad has attended a novice TA class at Terraseeds and she has also been taught the above golden principle.



Hi burntbadbad:

Haven't heard from you for a long time. How are you getting on?