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Lost my pants this month

Is alway one can lose as much, for someone to win eually that much. When there is profit. Always leave some for others.

Peg_li      ( Date: 22-May-2010 22:35) Posted: Lost around 70k in May. anybody lost more? really depressed! Until now I haven't sold any stock! Sheet! crazy EU!sheet EU!

 

teeth53 thot -  U hav not prepare ur-self well, next Opportunities come with profit- sell & keep ur money warm 1st B4 verturing, for buying opportunties for buying is plenty out there.Take ur time..

Dow make a U turn after report start coming in......oversold position and Boomberg news - Euro has par Eu stocks risk as Risk demand stabilizes, stocks rout is halted. but I think the mindset has changed and people are going to be selling into rallies

What's in the Wall Street bill? Wall Street reform:
By Alexandra Twin, senior writerMay 21, 2010: 5:36 PM ET

NEW YORK (CNNMoney.com) -- Stocks ended higher Friday, finding momentum at the end of a very choppy session in which concerns about global growth vied with investor willingness to scoop up shares beaten down in the recent sell-off.

But selling earlier in the week left the major gauges lower for the week, with the Dow and S&P 500 both down around 4% and the Nasdaq off around 5%.

Stocks fell again in the morning Friday, dropping below the lows from the early-May "flash crash" -- in which erroneous computer trading sent the Dow down by almost 1,000 points, before it recovered near the close.

Hitting those lows again Friday seemed to bring in some new buyers, with market pros using those earlier lows as a good point to tiptoe back into the market. But the advance Friday was never especially robust, with stocks seesawing through the session.

 

never mind.

learnt from experience lo.

well, next time must learn how to take profit and also cut loss ( if possible)

also Timing is very important.

also, rmb, dun chase stock.

must be discipline and dun be greedy.

ok? dun wish to see u lose money :)

Peg_li      ( Date: 22-May-2010 22:43) Posted: Maybe too foolish. Maybe too greedy. Earn so much and not sold, until Loss money. Long term investment is valuable? Shit Bafeit theory! kellychang      ( Date: 22-May-2010 22:39) Posted: peg_li u ok or not? no worry, rebound coming. cheers cheers cheers!

 

Maybe too foolish.

Maybe too greedy.

Earn so much and not sold, until Loss money.

Long term investment is valuable?

Shit Bafeit theory!

kellychang      ( Date: 22-May-2010 22:39) Posted: peg_li u ok or not? no worry, rebound coming. cheers cheers cheers! Peg_li      ( Date: 22-May-2010 22:35) Posted: Lost around 70k in May. anybody lost more? really depressed! Until now I haven't sold any stock! Sheet! crazy EU!sheet EU!

 

peg_li

u ok or not?

no worry, rebound coming.

cheers cheers cheers!

Peg_li      ( Date: 22-May-2010 22:35) Posted: Lost around 70k in May. anybody lost more? really depressed! Until now I haven't sold any stock! Sheet! crazy EU!sheet EU!

 

Lost around 70k in May.

anybody lost more?

really depressed!

Until now I haven't sold any stock!

Sheet!

crazy EU!sheet EU!

 

cool, can be my shi jie :)

 

singaporegal      ( Date: 22-May-2010 21:56) Posted: I don't think so. It may look slightly stronger next week but the direction in the EU will still be downwards. Economies are not like stocks where the rebound can occur due to a single piece of good news. Economies take a lot of time and effort to change direction. Trends can last months. rabbitfoot      ( Date: 22-May-2010 20:38) Posted: Strong gut feel that market downturn is over. Next week it will rebound strongly. EU problem looks containable , China was strong last Fri as cooling measures were held back, US bank reform agenda looks clearer now....

 

I don't think so. It may look slightly stronger next week but the direction in the EU will still be downwards.

Economies are not like stocks where the rebound can occur due to a single piece of good news. Economies take a lot of time and effort to change direction. Trends can last months.

rabbitfoot      ( Date: 22-May-2010 20:38) Posted: Strong gut feel that market downturn is over. Next week it will rebound strongly. EU problem looks containable , China was strong last Fri as cooling measures were held back, US bank reform agenda looks clearer now....

 

Thanks! I'm around but seldom post now because of work.

Also, when the market is very volatile like now, I would avoid trading because things can change very fast.

Juzztrade      ( Date: 22-May-2010 18:38) Posted: Welcome back!  Singaporegal. My most respected forumer in ShareJunction since 2007 when I first started to learn how to trade. singaporegal      ( Date: 22-May-2010 17:36) Posted: Sorry to hear that. Always place a stop the moment you key in the trade.  There is high tendency for a trader to suddenly become a "long term investor" when the market goes the other way...

 

strategy for next week

sell into strength

teeth53      ( Date: 22-May-2010 21:44) Posted: U r indeed prepare to write it down ur 3-6k, d others way. I sense this time, u has seen the worst oredi, since US sub-prime woes time and now Eu money credit woes may not effect u. U r prepared. freeme      ( Date: 22-May-2010 17:39) Posted: this mth also down about 3-6k.. but duno why i not too worry..

 

U r indeed prepare to write it down ur 3-6k, d others way. I sense this time, u has seen the worst oredi, since US sub-prime woes time and now Eu money credit woes may not effect u. U r prepared.

freeme      ( Date: 22-May-2010 17:39) Posted: this mth also down about 3-6k.. but duno why i not too worry..  scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?

 

Strong gut feel that market downturn is over. Next week it will rebound strongly. EU problem looks containable , China was strong last Fri as cooling measures were held back, US bank reform agenda looks clearer now....

 

Usually people put in more than that...

(eg. double the amount they have lost)...

 

Right now you have only 2 choices.

1. Cut Loss. Which could be a bit too late, the market may turn anytime.

2. Average Down. Which you'll need to put in at least the same amount of capital you have already invested.

alexchia01      ( Date: 22-May-2010 18:41) Posted: It's really unfortunate to see your profits turn to losses. I had this before, feel really sucks. You should have sold when you see that huge drop in early May. When I see the STI crosses SMA (20), I sold all the trading stocks. scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?

 

It's really unfortunate to see your profits turn to losses.

I had this before, feel really sucks.

You should have sold when you see that huge drop in early May.

When I see the STI crosses SMA (20), I sold all the trading stocks.

scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?

 

Welcome back!  Singaporegal.

My most respected forumer in ShareJunction since 2007 when I first started to learn how to trade.

singaporegal      ( Date: 22-May-2010 17:36) Posted: Sorry to hear that. Always place a stop the moment you key in the trade.  There is high tendency for a trader to suddenly become a "long term investor" when the market goes the other way...

 

Obviously you are a holding type of 'investor'.

When the market served you a big plump fatty profit, you are still not happy...

And you still want it to get even more fatty bom-bom.

My principle when I trade and invest is this...

I always "leave some for the next man"...

That's why the beastly market loves me so much...

hehehe...

scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?

 

Wa... hurray!

My jie-jie (I call every good fem trader jie-jie) comes back suddenly...

after so many thousand moons...

And just post a little bit of goody for us to savour...

Like that where got enough for our palate?

You are a respected pioneer in this forum...

Hope you will post more...

then we will all lap it up every word of stock wisdom...

hehehe...

singaporegal      ( Date: 22-May-2010 17:36) Posted: Sorry to hear that. Always place a stop the moment you key in the trade.  There is high tendency for a trader to suddenly become a "long term investor" when the market goes the other way...

 

Hi scotty,

If you have some time please read this book "The Secrets of Emotion Free Trading". ebook is freely available at http://www.earnforex.com/forex-e-books/trading-psychology/EmotionFreeTradingBook.pdf 

Cheers

scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?

 

this mth also down about 3-6k.. but duno why i not too worry.. 

scotty      ( Date: 22-May-2010 17:29) Posted: My portfolio was up $30K at the beginning of May. Now it is bleeding with $20K loss!! I lost my pants because I didn't cut loss fast enough!! How much money did you lose?