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very depressed after losing $13K in stocks.

Hi, Jackjames. SPC ??? been monitering on and off on this stock, while the going is in good time, some forumers said $6/- coming, This year it traded to a high of $6.05c and a low of $4.25c. now it closed last Friday at $4.42c, up +6c which is slightly 3/4 away from it peck px. Bear in mind of oil mkt price may be have hit the highest pt several months back, now coming or settling aroung US$60/- per barrel. so when oil px dip lower, SPC px can also dip, that can be the best part to enter position. Postition to enter is good for this year only, unless some very rich merchant 1/3 this baby, then maybe $7-$8/- going.  

 

Am touch by your over-whemling responses. I'm much short term in investment but have got to hold on to some counters (loss making). Not moving much though...... Really need to review my portfolio. Have been thinking, some course will be good. 

Cashiertan,  pardon my ignorance, what's end of day trade and day trade? Right to guess that end of day trade as reviewing the counters only towards the end of the day and start making decision to "buy-in" further or "sell" at that point? Where for day trade, it's monitoring transaction round the clock.

Ten4one, I always believe hard work is key to any success but channeling these effort to the right approach will ensure greater success. Like in life, I've learned on many occasions the "hard way". Thus need to be more "kiang" to identify the smarter ways.  
  

 

Investing in the stock markets always has risks and it is unavoidable that you'll lose some along the way. Believe me you, if anyone tell you that he or she made a lot money from the stock markets, then he/she must be very good at what he/she is doing and definitely it is HARD WORKS! 

I always believe that without losing you'll never win because you've not learnt why you lose and what is losing! And I also strongly believe that if you can't afford  to lose, the stock market is not your cup of tea and you won't last long to learn from your mistakes.

The stock market is more complicated than the casino. In a casino, your bet is weighted against the odds given and every players are betting the same odd against the HOUSE which always win in the long run due to the given odds of the games played. In the stock market, you trade among the players at a px acording to the condition of the market at that time. The Market acts as a middle man to close a trade for willing buyers and willing sellers. cheers!

 

hello chashiertan, your post sounds interesting, since u can't share your "trading style", what's you are purchasing or holding now? at least I can do some studies on the chart... by the way, I want to go in SPC.. but no one giving me advise, haiih... anyone help me on this!

 

oh yes, my advice for noobies is to trade End of Day rather than Day trading. Emotions are much lesser to prevent u in making wrong decision. I tried trading Live this few days and find it a toture and mental strain. EOD is much more comfy, less stress.

 

Yes agree. in trading, it is best u trade according to ur preference and character else u wont performing as you should. Choose the course/school accordingly to your preference not how good it perform on others.

Terraseeds looks pretty decent to me and their charges are just a small portion of what my friends charges.. can try.

Anyway, i have just emailed to my friend whether he is keen to accept more students coz currently he is still with the current batch of students which he is training. I believe he is now doing less on trading himself but more on his golf, family, property and education.

Btw, i am going to graduate from STI soon to DOW, S&P and NAsdaq. STI really cant earn as much as i wanted. Comm and charges for brokerage is too high too. heavy trader like me really dun like these hefty charges.

 

Hi klassea,

Try Terraseeds. I read that some SJ members found their course very good.

But you got to think about your trading philosophy and character. Are you someone who prefers long term or short term investment?

 

Hi, me a newbie in investing stock. Am really keen to enbark on good course to improve skill.  

Can you fill me in on course details. Thanks!! 

 

Who's this guru? How can we get in touch with him?

 

I wonder if any has read my thread which i post the stocks that i am monitoring. Now try calculate those counters that i post that are making gains since i posted. yes this counters are based mainly on his trading styles plus a few counters are of my own.

 

Sorry i cant cause it is his intellectual rights. Even i need to pay to learn from him. and yes i wont be sharing it here as all his students need to sign agreement before being taught his style. nevertheless, all i can reveal and teach abt is the essence of trading in this threads. Also i wont reveal it as there is no free lunch in this world.

lastly, there are many profitable trading techniques, like what singgal is usin. most impt is to choose the easiest one that suit you and stick to it with total discipline. STOP dreaming, there is no MAGIC bullet in trading techniques.

 

last question: do u want to make 7-10 100% winning trades which yield u maybe 500-200%  or many 50-85% winning trades that yields 1000%-5000%. assume both is achieved within 1 yr.

yes. 1000%-3000% is consider conservative liao. my friend makes more than 3000% compounded growth for the 1st 5 yrs. and just like warren buffet, he is having problem maintaing his enormous % growth as he cant enter a counter or exit without causing that counter to rise or dip! 

 

Hi cashiertan,

Can you share his trading style with us?

 

Now sharing the tricks of my friend trades. His trading style is very simple and easier to learn, in fact i learned it in 3 hours. the easier the trading style is, the more effective your trades. However the real secret is the exit part. even than, exit was as easy as his entry if not easier.

alot of ppl here is still making the mistakes of making 100% winning trades thus they missed the essence in trading, which is there are losses just as there is winning. the most impt is that ur losses far lower than ur winnings. my friends good week will allow him 85% winning trades bad days can be even 40% however, he never lose money even making only 40% correct trades.. why? can anybody guess?

 

holding is good if only the stock u buy is correct stock to hold. try telling informatics and citiraya holders...

Holding stock is double sided sword. either it help u earn more. if u holding to rite stocks but make u lose more if u holding the wrong stocks thus the Essence of stock trading is here.

Cut Lost and Take profit. What goes in must comes out. thus u need to have a plan to know when to exit when u enter a stocks, else u can be trading for the lifetimes and not make anything.

What a forumers just shared is not impressive nevertheless at least he has reach levels which man are dreaming.  hat guy took 20 yrs to become millionaire. however my friend took 3 yrs to become multimillioaire adding properties in all over the world and yes he is a S'porean. he retired at 29 yrs old and is now teaching trading and travelling round the world yet his personal fortune grows every min..

not forgotting he was 50k in debts before his turn around...

 

 

hi jackjames, i enter yongnam because my broker told me to enter n hold.
i was septic  for its FA n price n the vol too. But my friend told me vol had been increasin when he enter at .004. When it hit .005 i bought because i believe this sleeper might move as property stock is on the fly n i believe somehow it might bring construction stock up too. Like u said its ipo is .36 n historic high is about .55c which was donkey yrs ago. So i just take a punt n buy base on my guts feelin. Basically tats it.
I just lookin for a stock for long term as i got enough sleepess nite brother. Time to take a break.  hehe.
May this stock will shoot pass .10c before this yr. My first counter which i bought last yr was gobal voice when it was still .07c. After holdin for few months it shoot pass .17c  n multibag this fellow. Tats where my morale boost up. Hope history repeat it self n i be back in business again. :) Patience is Virtue

 

hi fenizz , may I know why you invest in Yongnam as well? I checked the price since year 2003, it was so miserable like 0.015 -0.035... just recently it shot to 0.075... There are surely many people offload it at this time, and that's more than 100% gain, isn't that "entering at vey high price" at this moment? But not forget to mention, the IPO price is 0.36, and 1st day closing is 0.455!!

 

Hi, RobinPang. Get over ur undue over reaction on overly depresion. This is one of d down day where greed + desperation play it into one subconscious mind at that moment in time. U got yourself a 26 yrs old. Mr JackJames to shared his tot on a lossing stock (Bio-treat), to best gauge it px and to catch a fallen knife, everyone does that in one own subconscious mind in one way or another). BioT px will eventually recover. Lesson to learn, allow unsettle px to fall flat 1st, may take day after day or week B4 px settle to a more manageable level, challege ur patience, wait for opportunties, (unsure where px is bottoming out or not-rite!!!), Do not risk ur tot and start verturing in and if U do. B4 U. U know it, mistake it made and that it, deep sh..t liao. Buy if U must, within ur mean to pickup, likely plan A has fail, execute plan B (B is pick up losses and keep ur good stock or cut it lost, over a period of time it will be less painful). Another lesson pickup. Yahh..

 

I started trading last yr sep and made about 30k. I didnt have any FA or TA courses n buy when there is a dip in the stock counter in my watchlist.
On this yr MAY 18 i was caught off guard on the suddenly u- turn of  correction and to date i lost 40k where 10k is my capital.
I  also feel so heartpain where i just wanna stop trading as emotional n fear started to take over me.
Greed is the devil within me as i wanna recover my losses faster so my contra buying also increase way beyond my means n my cut loss strategy doesnt exist in my mind anymore till my losses double. N there goes my 40k.
Initially i just buy penny stock n keep set a target then sell regardless it shoot up after tat. I guess i was just having  very good beginner luck.
I have bloodly wake up from this nitemare where 1 need to play within ur means n not to be friend with greed where it can totally destory ur life n family without u even realising it. My  gf sis lost over 30k n when i ask her y she just said becos shes too GREEDY!
Well i guess money is the root of all evil.
Now im back to penny stock n onli buy within my means.
Its a painful lesson learn. Forget the past n embrace tomolo.
U neber know 1 day the counter u bought might just hit jackpot!!
Im fully vested in Yongnam onli now anyway. as i believe construction stock still have rooms to grow. Hopefully 1 day we all can become like wat jackjames landlord make from stock market...
Jia U ahhhh..

 

For me, lost big in CLOB! Some counters which i bought no longer existed liao! Anyway, must kena then learn. My count is 100% profit on CPF. Using cash, it is 7 out of 10. This is a good forum to minimise our trading errors. Posts from shplayer, cashiertan, teeth53, singaporegal are good to follow. Buying is the easy part, selling is an art! Cheerzs!