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things every retail investor/trader should know

Many like Elf and the rest have done well using TA. I admit I used to think it was all "mambo jumbo". But really it is not as past charts prove time and time again on a higher probability basis. I feel it is better to start off investing learning to read chart, draw trend and resistance lines etc. You can have the best FA but can still lose money as without chart, it is like buying "in the dark". You know TA and don't know anything about FA but you can still do well.

 

Elfinchilde , 

All the Best !

 

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( ... feels this is a bit all of a sudden ... a bit sad that we won't get to read lively posts from elfinchilde )

 

Almost forgot to mention the good posts by elfinchilde and singaporegal as well.  Their posts are always worth reading and it provides good information in daily market movement. Best Regards

 

elfinchilde      ( Date: 04-Oct-2008 15:55) Posted: final request from a forumer via PM: capland: supports at 3 now (its psych support), then 270-280, which is technically weak but fundamentally strong; a stronger tech support is 200-220s. kepcorp: ah. i remember back in jan/feb when i had told an ex-colleague to sell it off at 11. Downtrend not ended. broke critical support with friday's fall. Next supports at  650-680 and then at 525-560. of the two, capland is stronger fundamentally. -------- yea juzztrade, cashiertan chose the right route. that's why i'm going to limit my time here too. doesn't make sense; i'm giving up thousands each week just to post here. and that's just the cost from rapids on stocks alone. it ain't even like i'm getting paid to be here. if ppl are learning, well and good. what's worse is when you have those who throw insults and cast aspersions your way. or those who only want tips but are too lazy to learn how to invest properly. Penny-wise, pound-foolish. ppl who only breed negative emotions in you. Bad for a trader. As cashiertan had wisely concluded, don't waste time on forums. will still be keeping my blog tho. It serves as a trading journal for me. anyhow, for the interested: http://elfinchilde.blogspot.com/2008/10/learning-to-fish.html cheers, folks. elfie's off to make some serious money.

 

With a proper system in place, one will never need to monitor forex prices much.

One will thus only wait for the results to happen...

Then in the meantime, one actually has bags and bags of free time to use up...

be it by shopping, fishing, or reading one's fav heavy tomes...

or if one prefers it, while the time away at forums... 

 

Good luck elffinchilde in ur endeavours.

Just my opinion.There are lots of different betw ur postings and cashiertan(no offence to cashiertan).

Yours is more open to discussion whereas cashiertan is like think he is successful in  his method of trading and thus ppl shd adopt his way.

Hope all of u are doing well in watever u do.

Remember.....life is a marathon race not a 100 mtrs dash.

So u may be successful at age 29 bt it is a marathon race......cheers

 

Hmm pity.But good luck elfie! hope u get rich!

 

final request from a forumer via PM:

capland: supports at 3 now (its psych support), then 270-280, which is technically weak but fundamentally strong; a stronger tech support is 200-220s.

kepcorp: ah. i remember back in jan/feb when i had told an ex-colleague to sell it off at 11. Downtrend not ended. broke critical support with friday's fall. Next supports at  650-680 and then at 525-560.

of the two, capland is stronger fundamentally.

--------

yea juzztrade, cashiertan chose the right route. that's why i'm going to limit my time here too. doesn't make sense; i'm giving up thousands each week just to post here. and that's just the cost from rapids on stocks alone. it ain't even like i'm getting paid to be here. if ppl are learning, well and good. what's worse is when you have those who throw insults and cast aspersions your way. or those who only want tips but are too lazy to learn how to invest properly. Penny-wise, pound-foolish. ppl who only breed negative emotions in you. Bad for a trader. As cashiertan had wisely concluded, don't waste time on forums.

will still be keeping my blog tho. It serves as a trading journal for me. anyhow, for the interested:

http://elfinchilde.blogspot.com/2008/10/learning-to-fish.html

cheers, folks. elfie's off to make some serious money.

 

Cashiertan has chose the right route to focus on his trading and not waste time on SJ Forum.  When he was regular on the forum, he has contributed many good tips on investment.  Anyway, he has made meet his objective setting at age 29.  All the best in his future endeavour.

 

thanks trader88. good post. :)

what i was fearing came to pass though. was right in my blog about a change in market sentiment. sian.

cos if bailout had been passed the first time around, STI would have bottomed. but now that they didn't--second time is no good, because they've wrecked investors' confidence already--the macro sentiment has changed.

1,800 becomes a distinct possibility, thanks to american stupidity.

three things to note:

1) Watch price-volume action. it will tell you when bottoming is.

2) Expect to see differentiation between counters now. as per my blog post yesterday.

3) Rapid scalpers will have plenty of chances to make pocket money.

o/w, i'm off SJ for a while. cashiertan took the smart route. i need to focus on trading and not just helping people at my own expense. haha.

cheers!

 

To go long is to buy?

To go short is to sell? 

 

http://www.charlierose.com/guests/warren-buffett

sharing is caring =)

 

yeppers livermore. thanks for sharing too.  quite cool having discussions with you, since at times, your viewpoints differ from mine (and you're always backed up with facts), which sends me sometimes to verify my analysis/news again. lol. so it's a good check-countercheck procedure, even if the conclusions in the end differ.

in case n00bs are confused: yes, it is possible that either of us are right/wrong, or that both are right, too: because it also depends on your own money mgmt rules, asset allocation, timeframe, and strategy. Mine and his differ (as accord to our indi styles); and i wouldn't say one is better than the other; it basically all depends on what we're each comfortable with.

quantico, thanks for the tips! yea. especially with no 2 and no 3. Don't try to catch a falling knife. For me, i never like to predict bottoms: support lines are basically places where start to sit up (not necessarily take positions). for actual buy/sell, i let the price-volume action say where the real bottom is first.

forex running now. cheers!   

 

Thought this is interesting to share.

three Buffett-style tips 

 1. "Cash combined with courage in a crisis is priceless"

2. "Dont invest in things you don't understand"

3. "Don't try to catch a falling knife until you have a handle on the risk"

 

 

Cheers Elf! I actually told my friends to keep a lookout for your articles and blog. One of my ex-colleague is already reading carefully what you write here in sharejunction and quite impressed:).

I think I have to say thanks a lot for sharing. It is a learning process for me too. I like different views and makes me think.

elfinchilde      ( Date: 02-Oct-2008 13:28) Posted: btw livermore, i should add here that i've always respected you as a fellow forumer. cos even if we have differences of view, you're one of the few who'd put a case based on facts, and you're meticulous and rational enough. all qualities necessary to be a good investor/trader. so hats off to ya. :) Livermore      ( Date: 01-Oct-2008 17:59) Posted: Hi Elf, I like your blog. Your views are always interesting and sharp.However I differ from you on the commodities theme. In the long term, I still feel commodities would be back on the uptrend due to a growing world population. I remember reading that you echoed the same view as me on infrastructure being good for long term. If that is the case, then commodities should be the same. Infrastrucure and commodities go hand in hand together.

 

yo,,

U.S. Senate passes bailout; House vote next

 

http://www.nytimes.com/2008/10/01/business/economy/01leonhardt.html?_r=1&hp&oref=slogin

excellent article and clear explanation of the credit crisis.

 

btw livermore, i should add here that i've always respected you as a fellow forumer. cos even if we have differences of view, you're one of the few who'd put a case based on facts, and you're meticulous and rational enough.

all qualities necessary to be a good investor/trader.

so hats off to ya. :)

Livermore      ( Date: 01-Oct-2008 17:59) Posted: Hi Elf, I like your blog. Your views are always interesting and sharp.However I differ from you on the commodities theme. In the long term, I still feel commodities would be back on the uptrend due to a growing world population. I remember reading that you echoed the same view as me on infrastructure being good for long term. If that is the case, then commodities should be the same. Infrastrucure and commodities go hand in hand together.

 

http://elfinchilde.blogspot.com/2008/10/forward-look.html

here. on request from some of you.

profit made for the day. sleepy. PMs, pls wait. i need to get back to bed.

 

LOL.. that's a good one.

Livermore      ( Date: 01-Oct-2008 20:40) Posted: Look out for this Saturday's documentary - The Crash of 1929. The man who profitted was the world's greatest stock trader at that time. His name was Jesse Livermore.......

 

Look out for this Saturday's documentary - The Crash of 1929. The man who profitted was the world's greatest stock trader at that time. His name was Jesse Livermore.......