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Students lose money in trading

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Hi Jackjames,

You will be surprised what these kids are capable of. Trust Us. We have seen and we are believers.

SGDividends Team No 2

www.sgdividends.blogspot.com

jackjames      ( Date: 01-Dec-2008 14:05) Posted: please, they know shit about investing... at this age, just go and learn how to find variable, x , y , z... and not playing big or small, which is up or down of 1 stock.. if no fundamentals, don't talk about reading the details of FA or TA analysis. sgdividends      ( Date: 01-Dec-2008 12:36) Posted: Frankly, don't be surprised that even secondary school kids are investing now. They are teaching financial planning in school now and its in their curriculum.

 

I think that was a pretty good post. It is important to preserve your capital and to spread your entry. No one knows when the market will bottom or top.

 

Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. 

Livermore      ( Date: 01-Dec-2008 21:34) Posted: I already typed so much about my buy set up and how I only average up to a certain price range and not keep avearging up. I also mentioned it is more applicable in a bull market.You also need to determine when to start to make your first buy. I also pointed out averaging up in bear market is tricky. I also pointed how when you average up to a certain point and it does not work out and when you sell, you either break even, make a bit or just lose a bit. If you put all your lots at one price and it is wrong you can potential lose a lot. If you don't put all your lots at one price, how are you going to plan your buy set up? Surely not average down like all the way from like $1.50 to 30c. Averaging up is like "testing water". You are testing whether the uptrend is  real. Of course when you make your first buy at 20 lots, you don't average up at say 50 lots at your next buy. Some like to buy when price plunge down. Do you put all your lots at one price when the price plunges down? One is betting that the next day the price will go up. You cannot be lucky all the time. We let the the price stabilise and gradually plan the buy set up. If you fight a war, do you fire all your bullets randomly? You are dead if you have no more bullets and your enemy is after you. iPunter      ( Date: 01-Dec-2008 20:58) Posted: Only recently, as recent as a few months ago, the market was roaring upward and stocks rose like nobody's business. In that frenzy, many bought and bought more of the stocks that were 'strong' and which keep going up, hoping to grow their retirement funds. A lot of people practised averaging up ie. keep on buying more of good strong blue chip stocks, a la Nicola Darvas style... These are the people who are wiped hardest... Now their stocks are only a small fraction of their former value,  regardless of the mythical 'good fundamentals'...

 

I already typed so much about my buy set up and how I only average up to a certain price range and not keep avearging up. I also mentioned it is more applicable in a bull market.You also need to determine when to start to make your first buy. I also pointed out averaging up in bear market is tricky. I also pointed how when you average up to a certain point and it does not work out and when you sell, you either break even, make a bit or just lose a bit.

If you put all your lots at one price and it is wrong you can potential lose a lot. If you don't put all your lots at one price, how are you going to plan your buy set up? Surely not average down like all the way from like $1.50 to 30c. Averaging up is like "testing water". You are testing whether the uptrend is  real. Of course when you make your first buy at 20 lots, you don't average up at say 50 lots at your next buy.

Some like to buy when price plunge down. Do you put all your lots at one price when the price plunges down? One is betting that the next day the price will go up. You cannot be lucky all the time. We let the the price stabilise and gradually plan the buy set up.

If you fight a war, do you fire all your bullets randomly? You are dead if you have no more bullets and your enemy is after you.

iPunter      ( Date: 01-Dec-2008 20:58) Posted: Only recently, as recent as a few months ago, the market was roaring upward and stocks rose like nobody's business. In that frenzy, many bought and bought more of the stocks that were 'strong' and which keep going up, hoping to grow their retirement funds. A lot of people practised averaging up ie. keep on buying more of good strong blue chip stocks, a la Nicola Darvas style... These are the people who are wiped hardest... Now their stocks are only a small fraction of their former value,  regardless of the mythical 'good fundamentals'...

 

Only recently, as recent as a few months ago, the market was roaring upward and stocks rose like nobody's business.

In that frenzy, many bought and bought more of the stocks that were 'strong' and which keep going up, hoping to grow their retirement funds.

A lot of people practised averaging up ie. keep on buying more of good strong blue chip stocks, a la Nicola Darvas style...

These are the people who are wiped hardest... Now their stocks are only a small fraction of their former value,  regardless of the mythical 'good fundamentals'...

 

My friend say my style is sort of "money management". My reply to him is "Well that is the number 1 rule in trading or investment". Always preserve your capital. Also, you never put all your lots at one price. You "test water" first. Well known investors like George Soros all do the same. 

 

I guess being students, they do not possess much experience. But then again, even people with experience may not do well in the market. I guess the same goes for intelligence. Even Issac Newton lose a fortune in the stock market when he went to chase a stock.

 Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.

iPunter      ( Date: 01-Dec-2008 18:24) Posted: Did the students lose that much money by buying stocks? I would have thought such brilliantly intelligent young people like them would have sold (ie. shorting), instead of buying. This clearly shows what ma intelligence they really have.  I am not saying this to belittle them, but simply provide valuable priceless feedback of their folly. The big question is, why didn't they short? I suppose they must have studied too much economics,  but neglected to learn about the true character of the market beast itself... No wonder they lost! And they deserve to lose! simply because they are foolish. This is an unbiased matter-of-fact comment, and not an insult.  In the end, the question still lingers as to why they have not sold/shorted? The stock market is not a one-way street!!!

 

Did the students lose that much money by buying stocks?

I would have thought such brilliantly intelligent young people like them would have sold (ie. shorting), instead of buying. This clearly shows what ma intelligence they really have. 

I am not saying this to belittle them, but simply provide valuable priceless feedback of their folly.

The big question is, why didn't they short? I suppose they must have studied too much economics,  but neglected to learn about the true character of the market beast itself...




No wonder they lost! And they deserve to lose! simply because they are foolish. This is an unbiased matter-of-fact comment, and not an insult. 

In the end, the question still lingers as to why they have not sold/shorted?
The stock market is not a one-way street!!!


 

 

are they nominee ?

sometime you see people somewhere (don't mention where), they uses some name to hide their assets

 

those kids who had 3m paper losses in stocks..i can only say they are really 'bai jia zi'..wanna play stock wait until got capability to use own money to trade then trade..student only go trade until lose 3m of parents money..really feel sad for the parents..

 

Try to  become good friend.. Your golden ticket to a good job then. Probably listed company directors sons..

 

ntuchartist      ( Date: 01-Dec-2008 13:08) Posted: Actually I am a student myself. And I am also interested in the stock market. It is true that some students do lose big in the stock market, however these are VERY VERY rare. The newspapers also blow things up too. Most students are actually also very risk adverse. They don't have the capitial to play with, and are not willing to take the risk to invest too.  However, there are defitely a few rich rids in school. Occasionally a red ferrari and red maserati can be seen in school, and they do not belong to the professors, so I suppose they belong to some rich kids.   Anyway, I have my own investment blog too, and am looking for people to come together to form a trading team.. for more info visit my WWW at www.ntuchartist.blogspot.com  I have also updated my webby links to all the Singapore latest promotions, petrol prices.. etc.

 

I think it is good that they are teaching financial planning in school these days. This is so much more practical as compared to subjects which they learn in school which I doubt they will ever use in reality.

 Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.

sgdividends      ( Date: 01-Dec-2008 12:36) Posted: Frankly, don't be surprised that even secondary school kids are investing now. They are teaching financial planning in school now and its in their curriculum.

 

please, they know shit about investing... at this age, just go and learn how to find variable, x , y , z... and not playing big or small, which is up or down of 1 stock..

if no fundamentals, don't talk about reading the details of FA or TA analysis.

sgdividends      ( Date: 01-Dec-2008 12:36) Posted: Frankly, don't be surprised that even secondary school kids are investing now. They are teaching financial planning in school now and its in their curriculum.

 

Actually I am a student myself. And I am also interested in the stock market.

It is true that some students do lose big in the stock market, however these are VERY VERY rare. The newspapers also blow things up too. Most students are actually also very risk adverse. They don't have the capitial to play with, and are not willing to take the risk to invest too.

 However, there are defitely a few rich rids in school. Occasionally a red ferrari and red maserati can be seen in school, and they do not belong to the professors, so I suppose they belong to some rich kids.

 

Anyway, I have my own investment blog too, and am looking for people to come together to form a trading team.. for more info visit my WWW at www.ntuchartist.blogspot.com

 I have also updated my webby links to all the Singapore latest promotions, petrol prices.. etc.

 

Frankly, don't be surprised that even secondary school kids are investing now. They are teaching financial planning in school now and its in their curriculum.

 

 

Tested HOLDING POWER is in process.

singaporegal      ( Date: 01-Dec-2008 10:23) Posted: What are students doing losing millions of dollars when they should be concentrating on their studies?!   December 1, 2008 Business Times  Student investors caught in the meltdown, too  Young traders staring at huge paper losses, but hanging on to holdings  (SINGAPORE) The financial meltdown has become a double whammy for some university students - not only has it shrouded job prospects, it has also left them staring at investment losses.  Investment clubs have mushroomed in tertiary institutions here in recent years, with an increasing number of students active in the stock market. And they have not been spared the market meltdown.  One of them, 23-year-old Jason Low from Nanyang Technological University (NTU), said that while the value of his stock portfolio has dropped over the last few months, he is not pushing the panic button just yet. 'Right now, I'm actively trying to buy into more value stocks, because prices have come down,' he said.  Some of his fellow investor friends, however, have not been as lucky. One of them, said Mr Low, has suffered paper losses of $3 million. 'Everyone has been affected - it's just a matter of the scale of our losses. It happens in this kind of market, but my advice is to hold on to what you have for now. It's definitely not the time to sell,' he said.  According to previous reports, some young traders handle up to $200,000, turning to their parents and relatives for financial backing.

 

 

 Yep. It is likely that the money belongs to their parents although I must say that their parents are quite rich and trust their kids to invest their money for them.

Blogging on moneytalk.sg with views on the stock market, ETF and anything to do with money.

 

Very Rich not quite rich . If got money to lose a  few millions still go NTU study..(I wonder what the net worth 10 or 20mil)  A few hundred thousand... (I rather go to a big comopolition uni)

If can have 20 million can buy a penny list company to run, can help Dr soh to take over jade. My God uni student with 20mil cash... Drive ferrari to school perhaps. Story got inflated or not i am wondering...

Parent Money Haiz... If 21 can make a few hundred thousand on their own, can quit school ler. Why waste the time, junior manager dun even make 100 a year for most ppl. 10k a month???

 

 

These students that Business Times interviewed are certainly quite rich. From a few hundred thousands to a few million, either sum is not a small amount for student investors.

 

Blogging on moneytalk.sg with views on the stock market, ETF and anything to do with money.

 

pay to learn....