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Lost $8000 this month !

Scotty... :)


Don't be too disheartened...


I have been there... and I know what it feels like...
Maybe I've experienced it before many times worse than that...

At this time, not only you, but many others are hit badly too...

That's why I always say the stock market is a beast, monster, etc...
It can be really nasty animal when the time comes...

Why not get the "Stock Market Genie" and make it a point to master the teachings?
It is a priceless guidance manual which I am personally using as my virtual Mentor too...

 

Thank you all for sharing. This has been a trying time for me. 

Everyday I see my hard earned money going down the drain. I have to rely less on Gut Feel and more on technique like elfin and Mani.  

 

lost near to 10k jus these 2 weeks... :(

how to make $ in this market? any advice?

 

Yes... that's real investing...

"Buy Low... then Sell High"...

but got to do it! 

 

The Art of Investing Sentiments

 

Elfin's post about that neat little trick is such an eye-opener, especially to those who do not know... Now, that's what I call education, hehehe... 

 

Scotty,

Try follow the market sentiment.I never said give up even i lost more than your friend. Putting $$ in bank is safest way..but get help from some guru helps..I think this website got many expert who make even when market is bearish,...not believe? read on "research" sharejunction article, you get some hint there. Good luck.

 

hullo..

yeps, decline generally still has some way to go; altho for some counters (notably the pennies) they are more or less bottomed out already-- with caveat of any aug 17 repeat made worse by margin calls and thin buy vols. the aug 17 low is the guideline.

scotty, between holding and/or cutting loss: dep on the counter you're holding. if it's one of those close to bottoming, can hold and wait to ave out at bottom. If it's one of those that are just beginning/midway to bottoming (eg, cosco before today, kep corp) might be better to cut.

apart from shorting, there's another option for margin players. a little mathematical trick to play for those close to the line: if one of the counters you're heavily vested in happens to have a gap up between the buy and sell px, instead of being forced to sell, you can opt to buy just one lot at the sell px at closing bell. That should give a certain buffer of safety for one to avoid margin call. because margin % is calculated based on the day's close, and not the day's low; so a difference of a few % can 'save' one from a margin call.

this is one of the reasons why, for some counters, there's an inexplicable one lot buy up at closing bell for days on end, esp at down days. it's a sign that someone's playing and controlling the counter, on margin/borrowed funds (likely some experienced BB, since it certainly takes some derring-do).

conversely if one wishes to force out other players, can do the other option, which is to throw one lot at closing bell and force margin call the next day for weak players. very cruel thing to do, but that's how it goes in the market.    

 

penny stock doesn't affect by the market so it is wise to invest and has its potential .. every bid move upward means "big" in percentage earning

 

koolslice,

1) naked short, u short without covering on same day closing..SGX will buy-in T+4

2) non-naked short, u short and cover on the same day...

 

may be the answer to prevent future bigger losses :-

"Stock Market Genie"

 

still got more to decline from my feeling. the stocks not that oversold yet. STI may need to dip to 3200 region

 

nickyng - master of shorting...

What happens if I am unable to buy back shares to cover my shorting? Is the transaction still T+3 as normal or must sell-buy within same day?

Thanks.

 

Wow! I'm considered not as unlucky considering lost around $4k but recovering that fast with put warrants. Why don't you guys take a look at HSI PW? Their mood swings are super big and a few good deals would definitely help to cover the losses.

Good luck to everyone, including me!

 

my sympathies go to you guys....ok..halting my arty bombardment....1day mourning....

 

At first i wanna make more $$ inorder to down more for my new car! Now i dun even have the $$$ to buy my new car liao!!!

 

I got a colleague that lost almost $30K !

What the heck is happening to the global stock market?! Maybe I should just put my money into POSB savings. 

 

errr, this month still got 7 trading days to go ....

 

I lost almost 10k!

 

I am still holding SGX stocks. How? Hold or sell??