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thanks bro

joseeng      ( Date: 19-Jul-2013 15:23) Posted: Just to share some of my trading principles for the benefit of some the our new bros here (old birds can skip this post) Rule #1: Cooling off period No buying/selling for the first 10-15mins of opening. Usually this is the time when most punters will rush in (machiam those uncles/aunties rushing into the mrt trains looking for their coveted seats) and it will be too volatile for me to judge which way it is going. But it is also useful during this time to observe and predict which way the counter may move. (pls note I say may hor, I can be wrong too!). Take example from my CNA trade today: Opened 0.192, up a few bids, down to 0.188, up to 0.20, down to 0.198 and up to 0.20 before steadying at 0.20/0.205. Saw buyers kept coming in even though there are more sellers, so decided to try my luck to see whether can get it at 0.20. Lucky got it before it got ramped up. Rule #2: Take profit and protect profit Usually I take reference from chart to see the immediate resistance and I will sell at 1 bid lower than the resistance. At the same time, I will also set another price to protect my profit should the price did not hit the resistance and fall back. If I think the counter can rise further, I will take half profit first and fight with the balance. So moral of the story is dun forget to take profit, smaller gains are always better than losing! Take example from my CNA trade again: Sold my at 0.24 where resistance is 0.245. Should it falls before hitting 0.24, I will sell at 0.21. That's how I protect my profit. Rule #3: Cut loss Easier said than done! Usually when money is involved, emotions are too. There is no hard and fast rule on when to cut loss. Set yourself a cut loss level, be disciplined and stick to it. There is a saying " rise is like climbing stairs, fall is like taking lift" which means when price falls, it is usually faster than it rises. When the going is against you, admit you are wrong in your view and cut! Hoping for miracle is a fairy tale in this mkt, it usually does not happen. Rule #4: Dun forget rule#1-3Hope it helps and good luck to all.....cheers!

 

Just to share some of my trading principles for the benefit of some the our new bros here (old birds can skip this post)


Rule #1: Cooling off period

No buying/selling for the first 10-15mins of opening. Usually this is the time when most punters will rush in (machiam those uncles/aunties rushing into the mrt trains looking for their coveted seats) and it will be too volatile for me to judge which way it is going. But it is also useful during this time to observe and predict which way the counter may move. (pls note I say may hor, I can be wrong too!).

Take example from my CNA trade today: Opened 0.192, up a few bids, down to 0.188, up to 0.20, down to 0.198 and up to 0.20 before steadying at 0.20/0.205. Saw buyers kept coming in even though there are more sellers, so decided to try my luck to see whether can get it at 0.20. Lucky got it before it got ramped up.

Rule #2: Take profit and protect profit

Usually I take reference from chart to see the immediate resistance and I will sell at 1 bid lower than the resistance. At the same time, I will also set another price to protect my profit should the price did not hit the resistance and fall back. If I think the counter can rise further, I will take half profit first and fight with the balance. So moral of the story is dun forget to take profit, smaller gains are always better than losing!


Take example from my CNA trade again: Sold my at 0.24 where resistance is 0.245. Should it falls before hitting 0.24, I will sell at 0.21. That's how I protect my profit.

Rule #3: Cut loss

Easier said than done! Usually when money is involved, emotions are too. There is no hard and fast rule on when to cut loss. Set yourself a cut loss level, be disciplined and stick to it. There is a saying " rise is like climbing stairs, fall is like taking lift" which means when price falls, it is usually faster than it rises. When the going is against you, admit you are wrong in your view and cut! Hoping for miracle is a fairy tale in this mkt, it usually does not happen.

Rule #4: Dun forget rule#1-3Hope it helps and good luck to all.....cheers!

 

Watch out for PENGUIN...........!!!

 

I was too relac le.......wasted 2 hrs........LOL

ace333      ( Date: 19-Jul-2013 13:23) Posted: INNOPAC under 0.14 I slowly relac relac cover my SHORTS..........LOL

 

141 for me, enuf liao. 

ace333      ( Date: 19-Jul-2013 15:09) Posted: LOL.....I also covered mostly around 0.14-0.141......LOL librajet      ( Date: 19-Jul-2013 14:42) Posted: sorry bro, too tired to wait, covered liao. Coffee tim

 

LOL.....I also covered mostly around 0.14-0.141......LOL

librajet      ( Date: 19-Jul-2013 14:42) Posted: sorry bro, too tired to wait, covered liao. Coffee time librajet      ( Date: 19-Jul-2013 13:26) Posted: still early l br, I shorted since 147 and 146. Can short for many days to come la. Good coffee $$$$. I didnt buy dont know how far it can go but i can short knowing when its weak. cheer

 

penguin ready to short next week?

johnng      ( Date: 19-Jul-2013 14:51) Posted: PENGUIN watch it to rally next week.....

 

PENGUIN watch it to rally next week.....

 

Shareinvestor membership fees  $ 148 for 6 mths

librajet      ( Date: 19-Jul-2013 12:39) Posted: u need to pay la, try shareinvestor.com WanSiTong      ( Date: 19-Jul-2013 12:34) Posted: If you are the VIP customer of yr brokerage Co., you can ask for it   free. If not, you can subscribe it @ $ 30 per month

 

sorry bro, too tired to wait, covered liao. Coffee time

librajet      ( Date: 19-Jul-2013 13:26) Posted: still early l br, I shorted since 147 and 146. Can short for many days to come la. Good coffee $$$$. I didnt buy dont know how far it can go but i can short knowing when its weak. cheers ace333      ( Date: 19-Jul-2013 13:23) Posted: INNOPAC under 0.14 I slowly relac relac cover my SHORTS..........LOL

 

Bro me too pay low thats y we are here to earn so pocket money
Hope can huat ah

 

hahah...im the clerk,so lowest pay...must save harder on " salary"

Stockcham      ( Date: 19-Jul-2013 14:04) Posted: Small player also got salary. Only lower nia ma! My salary also very low. If never work hardy have to pay back some more. Lol...Bro librajet is the director of stock market. His salary very high. Lol. Bro ace333 lagi steady. One day collect salary a few times.  Good luck and huat ah!  Gold916      ( Date: 19-Jul-2013 13:58) Posted: hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha ya, so i play smaller,win a bit then run liao..no guts...hahaha still more to learn :)

 

ssshhhhh bro, inland revenue ppl coming....check bro ace first hahaha

Stockcham      ( Date: 19-Jul-2013 14:04) Posted: Small player also got salary. Only lower nia ma! My salary also very low. If never work hardy have to pay back some more. Lol...Bro librajet is the director of stock market. His salary very high. Lol. Bro ace333 lagi steady. One day collect salary a few times.  Good luck and huat ah!  Gold916      ( Date: 19-Jul-2013 13:58) Posted: hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha ya, so i play smaller,win a bit then run liao..no guts...hahaha still more to learn :)

 

hahaha..from the amount i play...really dont know when will come soon..hahaha..life is short mah..relax and joke 

hahaha..you very ho seh la

librajet      ( Date: 19-Jul-2013 14:03) Posted: Bro, I very ho seh. I started trading since singtel time, is only lately bcos I trade small small I make $$$ hehe, u got wisdom, yr hse in the east coming soon. hey, dont say I bo ho seh la lolol Gold916      ( Date: 19-Jul-2013 13:58) Posted: hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha ya, so i play smaller,win a bit then run liao..no guts...hahaha still more to learn :)

 

Small player also got salary. Only lower nia ma! My salary also very low. If never work hardy have to pay back some more. Lol...Bro librajet is the director of stock market. His salary very high. Lol. Bro ace333 lagi steady. One day collect salary a few times.  Good luck and huat ah! 

Gold916      ( Date: 19-Jul-2013 13:58) Posted: hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha ya, so i play smaller,win a bit then run liao..no guts...hahaha still more to learn :) librajet      ( Date: 19-Jul-2013 13:54) Posted: aiya why wait, just buy and ask stock mkt to pay. I work 5 days every week, 9-5 with no OT,   holiday no work, only thing no bonus hehe. bro, stock mkt wont run away from u, is how long u can play, take yr time la. In everything, u need to learn first then make $$$$. I see many new players, very excited one, this one can or not, can buy? can sell? what price?? kan cheong??? hello, u die faster. Take a few months at least if u dont want to lose $$$, I lost milion b4, understand what is pennies play, BBs style of trading, how other region affect us, then again understand yourself, what are the mistakes u always make, only then can make $$$ ma, so easy meh, wat liao nobody work liao hahaha

 

Bro, I very ho seh. I started trading since singtel time, is only lately bcos I trade small small I make $$$ hehe, u got wisdom, yr hse in the east coming soon. hey, dont say I bo ho seh la lolol

Gold916      ( Date: 19-Jul-2013 13:58) Posted: hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha ya, so i play smaller,win a bit then run liao..no guts...hahaha still more to learn :) librajet      ( Date: 19-Jul-2013 13:54) Posted: aiya why wait, just buy and ask stock mkt to pay. I work 5 days every week, 9-5 with no OT,   holiday no work, only thing no bonus hehe. bro, stock mkt wont run away from u, is how long u can play, take yr time la. In everything, u need to learn first then make $$$$. I see many new players, very excited one, this one can or not, can buy? can sell? what price?? kan cheong??? hello, u die faster. Take a few months at least if u dont want to lose $$$, I lost milion b4, understand what is pennies play, BBs style of trading, how other region affect us, then again understand yourself, what are the mistakes u always make, only then can make $$$ ma, so easy meh, wat liao nobody work liao hahaha

 

aiyo, wait garment catch me bcos tomo work force reduce big big, all go swimming, I jialat u know. I just mean when trading relax la, dont kan cheong. want to earn, 1-2 stocks ho liao, many counters can die faster, no good for heart right?

GorgeousOng      ( Date: 19-Jul-2013 13:48) Posted: Ok..ok.. We all listen to you lah!!! Tomorrow onward we all trading at the pool side ... How is it??? Sure all can retire early!!! You say like that make all the people so envy you ler!!!!🙊 🙈 🙉 🙉 🙈 🙊 librajet      ( Date: 19-Jul-2013 13:38) Posted: aiya, west no good, industrial area, east very good, better air hehe, life more recreation. Slow pace life can make good $$$, mind more relax. One week 1-2 trading ho liao, can make $$$$ like that, not like u all, kan cheong one, thats why face green green, body blue black. Said and teach so many times also no use, sigh... better walk my dog, hahaha Come Matt

 

hahaha..you bo ho seh  ar...ask me buy now and stock market pay...i small player...dont even know if the stock market can pay or not...hahaha

ya, so i play smaller,win a bit then run liao..no guts...hahaha

still more to learn :)

librajet      ( Date: 19-Jul-2013 13:54) Posted: aiya why wait, just buy and ask stock mkt to pay. I work 5 days every week, 9-5 with no OT,   holiday no work, only thing no bonus hehe. bro, stock mkt wont run away from u, is how long u can play, take yr time la. In everything, u need to learn first then make $$$$. I see many new players, very excited one, this one can or not, can buy? can sell? what price?? kan cheong??? hello, u die faster. Take a few months at least if u dont want to lose $$$, I lost milion b4, understand what is pennies play, BBs style of trading, how other region affect us, then again understand yourself, what are the mistakes u always make, only then can make $$$ ma, so easy meh, wat liao nobody work liao hahaha. Gold916      ( Date: 19-Jul-2013 13:46) Posted: haha...west will have a hotel soon by genting lor... west hse cheaper haha..you wait i get richer than buy east hse ar... i ok la..i small player...i scared i heart attack..hahaha

 

aiyo bro, how can u ask here, if I say yes, jialat liao right??? hhmmmm.... I think ok? lol

Stockcham      ( Date: 19-Jul-2013 13:47) Posted: Bro, I don't want to join membership. If I want to stay there for free you booked under your name, ok?. Lol! librajet      ( Date: 19-Jul-2013 13:31) Posted: bro, life very short u know hehe. I paid only $1500 for my club few yrs back, still got I think 14-5 yrs left, every month pay less then $50. Can swim, bathe, jackpot, singing, dancing, gym. Jackpot room got free drink, milo, coffee of different types and snack. Aiya, I very cheap to maintain one, hse fully paid, car fully paid, ho liao, earn little $$ here enuf liao hehe. Join me la, u join member, I recommend, got free stay in our suite room, 1600 sqf with BBQ, next to downeast only, free carpark, so nice

 

aiya why wait, just buy and ask stock mkt to pay. I work 5 days every week, 9-5 with no OT,   holiday no work, only thing no bonus hehe. bro, stock mkt wont run away from u, is how long u can play, take yr time la. In everything, u need to learn first then make $$$$. I see many new players, very excited one, this one can or not, can buy? can sell? what price?? kan cheong??? hello, u die faster. Take a few months at least if u dont want to lose $$$, I lost milion b4, understand what is pennies play, BBs style of trading, how other region affect us, then again understand yourself, what are the mistakes u always make, only then can make $$$ ma, so easy meh, wat liao nobody work liao hahaha.

Gold916      ( Date: 19-Jul-2013 13:46) Posted: haha...west will have a hotel soon by genting lor... west hse cheaper haha..you wait i get richer than buy east hse ar... i ok la..i small player...i scared i heart attack..hahaha librajet      ( Date: 19-Jul-2013 13:38) Posted: aiya, west no good, industrial area, east very good, better air hehe, life more recreation. Slow pace life can make good $$$, mind more relax. One week 1-2 trading ho liao, can make $$$$ like that, not like u all, kan cheong one, thats why face green green, body blue black. Said and teach so many times also no use, sigh... better walk my dog, hahaha Come Matt