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Lost $8000 this month !
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Livermoore,
both the cases u quoted are bad examples of what shouldnt be done. both lost becoz they are done on selfish reason with no disregard on the company they work, also they trade more than what they shouldnt have which is not more than 5% per trade. thus lead to their downfall .including the guy you know.
they is many more ppl who profit from it with proper rules and guidlines. i like you to know more abt forex before giving the judgement. it is like condemning the whole forex comittee . for forex, it is much safer than stocks anytime if you bothered to find the truth. also chances of losing more than ur capital put in are as low as 1%. of coz the capital u put in must be the $ which is suppose dispensible.
What ever thing u do, as long the intention, rules and skills are not proper. it has close to 95% of failure.
A common mistake when one tries in a hurry to recover back his losses, he loses even more......
Not forgetting Labroy and Sembcorp Marine losses in Forex..
Once upon a time,there was this UK man who trade FX in Spore and lost alot of money...Nick something.Made the bank go belly up too.
Jason, just be careful yah. My colleague has also lost lots of money in forex.
Jason,
I heard about this credit cooperative from a friend of mine. Maybe you can call & see if they can help you in anyway. Their website is https://tcc.org.sg/index1.htm
Jason,
I think now maybe your capital is limited to trade stocks, thus the only way now is to trade forex with low capital of USD 300 min. to start, it is possible for u to earn back 150k in 1-3 years.
thus I recommend these:
Stocks
1)
Trade Secrets Video System Can trade stocks forex options and commodities futures!
Forex
1)
Expert Forex System 2)
3)
4)
5)
Dynamite Tnt Forex System (This one earn my fren the least commission but i prefer this one and i am training on this one now)
6)
yah, my friend got lots of ebooks becoz he is a referral and also one of the ebook writer. lol
For stock market beginners and intermediate level traders, the "
Genie Tutorials" (
need to click to see) is the thing to go for.
Instead of buying many expensive books, or attending expensive "massive profits" seminars, this lovingly crafted product is a godsend.
It is a 'distillation' of the best
practical stock market knowledge...
fellow traders, not that i wanna scare u...pre-DJ -ve 87 now...it will be bloodshed this mth....no more Ho Ho Ho...but heeheehee... for SHORTISTS !! either u are with us or against us ?!?! :P
*joking*
mani, just go to see stockcharts.com 1st. i personally think u are too obsess with genie, thou i can feel and know ur kind intention. i applaud that but personally, if u want to go day trader route. genie is NOT enough and could do without it. Stockcharts.com is free and is more than sufficient for beginner to intermediate traders. in fact intermediate traders can make a alot le. leave the stress and complex stuff to the experts trader to the institutions and lengendary traders.
personally, i think genie lack the examples of trades, go and see stockcharts.com. each indicators and chart patterns come with detailed example how to trade and why trade it and where, when and why to enter at which px.
ppl learn best by copying, in fact studies shows most ppl learned best when copying the pros. reading theories wont help as much as guided ones. we learn better visually and not verbally or in writings.
watch how the mentors trade visually, then try it on paper trades for a few times for at least 21 days. guarantee it will be in ur brain for the rest of ur life.
trading live is best started with EOD trade till u are damn pro before going to live.
Cashier...
:)Yes, the best things in life can be free... like good air and negative ions...
But for max benefit in stock trading, one well-integrated, well organised and well-formatted and user-friendly product makes a lot of difference to one's future results, which is indeed priceless...
Mani,
Genie is too basic for u in the technical part, maybe the philosophya nd psychology part still got some reason for u to read it.
basically, i think reading chart school of StockCharts.com is as good as genie if not better and best, it is FREE!
Elf,
u shouls consider to try the Saxobank STI ETF CFD. it is fun and to me much better than warrents. in term where there is just 1 STI ETF instead of tons of confusing warrents. also the px move closely to what the STI moved. u dun need to pay premium to enter based on current STI px..
haha got caught when i buy at fib levels and the market behaved like it is turning but wham! drop lower. well tuff luck for trying to enter fast. good thing is i am betting with some shorts on STI CFD to hedge to reduce the losses.
bro....if it dont kills u...it make u stronger..... although u lose $...dont lose the lesson learn..... take care....
I suppose the saying is true that...
"
When the student is ready, the teacher will appear"... such is all age-old truths...
ahaha kid, prob only a dang elf wld remember stuff like this, since elves aren't ever quite human anyway.
and yep, cashiertan, manikam etc are right: what's done is done. learn from it, rectify it, move on. No regrets, no self pity, no self victimisation. One's always responsible for one's choices. So when push comes to shove, bite the bullet, learn the lesson, make the change. That's what differentiates a man from a boy.
altho, ahahah, perhaps a fault of being feminine, but you always wanna cheer the fallen/underdogs on. so:
go jasonfaxingliu! you can do it! go go go! 
everyone else, my elfin apologies, do excuse my indulgence.
Mani.. i must said tat i wen in and take a look.. i find i quite useful for knowledge lor.. however.. i didn't buy.. cos cashiertan "closed" de counter.. heehee.. missed it.. and thereafter.. i understand lots of printing needs to b done and thus.. many readings.. I did registered myself to receive info from Genie.. some informations are what we all noe.. but we choose to ignore..
me not those bookworm leh.. dun mind goin for seminar or get master to teach me.. heehee.. once i open book.... heehee.. "ZhouGong" will drag me to play Chess.. lol..
Cheers
HuatAh...
:)Yes...
But although I keep highlighting the "
Genie Tutorials", I am pretty sure not much people take any notice or interest at all... hehehe...
PS: If that were not so, then I suppose the 90% would have been winners instead of losers...
lol.. Mani.. i really admire your perserverences in sharin de Genie potential.
Cheers..
Cashier is right... and he showed the right approach as an experienced trader, too...
:)
Consoling others may be OK to make the person feel better to handle his crisis...
But what is more important is the fact that, as Cashier mentioned, the decision is ours and we are
soley responsible for our actions in the market. No one is to be blamed... not the market, not the grissly bears, nor the clever 'manipulators'... only we ourselves are to be blamed.
Thus, realising this great mighty truth, we must resolve to make ourselves henceforth less vulnerable to the uncertainties of the stock market. Treating the teachings in the "
Genie Tutorials" (
click to see) will certainly help to make us practically '
impossible to be wiped out'... as we trade enjoyably for a lifetime.
