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very depressed after losing $13K in stocks.

Even the very best of the best of the cream traders have learnt to be scared of the market beast. 

 

Hi Rickytan,

My dad is a retiree and only tikam tikam to pass time.  He has learnt his lesson from the clob saga - never buy stocks with borrowed money.  Money makes money but not with borrowed money. 

You can cull some nuggets from this forum but you have to sift the chaff out.

All the best!

 

I remember very well that Mr Market taught me that he couldn't kown and wouldn't care 2-hoot who and who is in the stock markets - he/she could be a PhD or a plain joe or jane or an Idi0t who doesn't understand what he is talking about. You got rite, you gain and wrong, you lose.,simple as that.

I really couldn't believe my ears that my statements are so effective that Forumers here after reading them would make less profits. Maybe they should try compounding (their capitals+gains) and become m'aires in 10 years as suggested. I must be insane to even think of it - or maybe I don't know what I'm talking really! It makes working a mockery and our Govt are idiots trying to create more jobs for S'poreans! Cheers!!!!!!!!!!!!!!

 

Congrats to your dad, colorado !  Your Dad must have been in the market for a very long time and have the acrumen to pick the "correct" stocks. Perhaps he can also with us his technique and skills... :)

 

I am impressed with your returns.  Let me share what my dad who has only a few years of education bought.  He didn't attend any courses yet his hit rate surprises me.  He bought SGX at different prices, he sold them all at a profit.  He bought Federal at 60c now its up.  Bought F & N at 4.48  just a week ago, now moving up.  Bought OCBC and sold it recently for a $2000 profit. All in all, I estimate his returns at 15 - 25%, not bad for a retiree.  At the end of the day, the principle we must always remember is capital preservation, don't lose money.  Even if you make 5% (after cost), it is still profit and you should give yourself a tap on the shoulder.  Anything above that is of course a bonus.

 

Hi sporegal

I started trading in Spore share mkt in feb 2004.Around CNY.

I remember i bot singpost for 80 cents.Anyway by end of 2004 it was like S$1.So that is like 25% increase?Plus dividend in between,so that make it say 27%?So my first year was good and was happy.

In 2005,or somewhere end of 2004,I bot ST engr at i think S$2.40.

By end of 2005 or begining of 2006 b4 it when ex divi i think it was S$3.2 so i sold.That is a return of 33%?

I am not so good at percentage but i know i did make.

this year around sept 2006 i bot cerebos pacific at S$2.9,now it is cum divi at 3.4.So if i sell now my return is 17% for 2007.

Ok lah i am new but improve everytime.I hope.

 

7% a month also very good.

but 7000 returns on 10000 capital is roi of 70% mah.. why become 7%.

 

This was what I posted on Dec6 to cashiertan's quiz:


Applying the 80-20 law of average:


Group 1 and 3 are winners (these comprise 20%)


Group 2, the majority, are losers (these are the 80%)



That's common sense, but common sense is not so common.



Thanks geojam for your clarification. I was about to offer you 50k cash to trade and split the profit 50-50.



I'm quite a stupid trader and consider myself very fortunate to be in the 5%  to 7% annual profit type.



Cheers.

 

That's right!



If its a consistent 7% ROI, I think you're an established and well-experienced trader/investor.



geojam, can you share with us how you achieved a 7% return?

 

Very good better FD :-)

 

No worries!

7% ROI is pretty good too!

 

Hi everyone

Good to jnow so many ppl are interested in returns from the share market.

I actually make a mistake.

It is supposed to be 7% return on S$10k capital.

Sorry to keep all of u sitting up.

If i am so good .i will have retire instead of working so hard in my day job.

 

you mean this saying? Kiang eh sai liao, mai gay kiang

 

The normal people are the ones who are always try to act smart.

 

shit.. missed my midas at 9am typing the msg below..

 

Remember guys.. the more u listen to economist, the more u become like them... unable to perform when required..getting average returns and write abt it. getting below average return and diam diam. 

the reason is becoz they have too many concept and too many rules.. these rules are good, but mostly impratical.. this market is ever fast changing and fast adaptibility and fast changes is the key to sucess. all you need is some very impt rules and concepts. keep ur trading strategies light, simple and nimble. take certain degree of risk if needed.

trading is fun and easy. every chart only takes me less than 5 mins to conclude my decision and position.

Regarding the Final result abt the three group of people used to test on their trading. Group A is pyscho but under controlled, B is Lower IQ and C is normal ppl.

At the end of the test, the result is mixed but the researcher find interesting traits and results.. Most of the best performers are from the Pyschos and nest best performers are from the Low IQ and most of the normal and worst perfromer are from the Normal group of people.

they are interviewed the top performers and find them ppl with IQ, they make less trades but traded agressive when the odds are stack on their sides. they cut losses very swiftly and changes from one counters to the next w/o hesistation.

the Low IQ group also give impressive returns trading to the dot what they are taught. take profit and cut losses are mechanical without questioning. yet their results are better than the following groups.  

the normal and worst performing is the normal ppl group. what the researcher find is that this group tends to trade together and their results dun varies much from one another. most make the same bad trades and good trades.  most of time they spend times discussing what to trade than doing trading.

Anyone can give me a conclusion?

 

alot of ppl use their puny brain and thinking to set limit what is possible and what is not possible. and worst this puny ppl like to go around to apread their limited smartness and influencing ppl with it. If success ppl think like this puny ppl, they will also become puny. Remember i said before and i said again, do not limit your way to earning fantastic earning. in fact do not limit your returns potential. it is possible to aim for abv 500% growth PA. 

there is lots of economist who thinks by studying and reading lots of books which the gursu write, makes them smart and all knowing. however based on what i have seen on the ppl around me. it is normal to become millionaire in few years w/o High IQ or reading lots of economic guru books.. thus i dun like to quote concept or quotation from books on this web. i aim for Thinking breakthru not saying quotations that is inspiring but lack substances.. i believe in results not inflation..

 

manage within means, follow the trend.

don't chase after the price, if miss it, and if the counter is fundamentally sound, wait for weakness to come before enter.

 

Hi Geojam  -  you're FANTASTIC!   How you managed to make  70% from $10K capital.  It is really unbelievable.  Better than  those  claimed to be Financial  Consultant whereby we put our money  into Unit Trust and yet  we're ONLY earning a  miserable  sum.  Sigh!  Care to share  the stock that you buy -  disclaimer  hoh! Actually,  we're struggling to make  a bit more (hopefully) than Bank interest  rate  to survive.     Need the money to pay for  interest for   house leh!

 

I'd be more than happy if I could constantly get a return of 10% gain on my invested capital which I know is just 'dreams'. It is impossible to do it in the Stock Markets. Of course, once awhile you may able to achieve huge profit! Anyone with a sane mind would know that the Stock Market changes moods everyday..every hours or minutes! 

You could never achieve your goal by compounding  if the rate of returns is not constant in a given period.

In fact, protecting your capital is main ingredient to success  in investing in the Stk Market. Cheers!!!!!!