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You are right, Sir...
One should first play only
good stocks but must play with the help of the charting tools...
But sometimes, especially when the market is ripe for it, cats and dogs will make one a lot of money too...
Hi iPunter,
Many thanks for your compiments.
Frankly, I took much brain-wrecking effort to draft out this post and create the 3 threads, distilling out the essence and key points from my years of trading experience, tat I hope newbies will take note.
iPunter ( Date: 02-Sep-2009 09:33) Posted:
A very good post... I recommend all newbies to print this out and study all those points by heart...
richtan ( Date: 02-Sep-2009 09:22) Posted:
hi buylist,
Take a look at Raffls Ed, it is on a downtrend, remember the trend is your friend, but dyodd n BOSAYOR.
If u r newbie to trading, below is my advice, whether to listen or not is up to u:
To succeed in trading, my sincere n genuine advice to newbies:
"Learn to master TA n u are the master of your own trades."
"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"
"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade" U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn, dun waste your money, instead self-learn the skills n use tat money to trade).
I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.
Those TA courses, wat they teach, all are from books, nothing new.
For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software
If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.
To know how to post, search the forum for "tinypic.com"
I had created 3 threads dedicated to newbies under "General", "Trading Techniques":
1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)
2. "Some recommended good Trading and TA books" - of course u can also buy TA books.
3. "Advices to newbies" particular the 3 golden mantras.
Take your time to read and learn, dun rush, remember "Rome was not built in one day" |
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I wish u all the best then.
I m not just a TA guy, I too look at the FA (must be good FA) but time my entry based on TA.
buylist ( Date: 02-Sep-2009 09:33) Posted:
Hi Rich
Thanks for yr advise.
We are of 2 different camps. U are just a chartist. I am looking at value. Up and downtrend is important and it is sometime part of my strategy. I know what I am looking for. |
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A very good post... I recommend all newbies to
print this out and study all those points by heart...
richtan ( Date: 02-Sep-2009 09:22) Posted:
hi buylist,
Take a look at Raffls Ed, it is on a downtrend, remember the trend is your friend, but dyodd n BOSAYOR.
If u r newbie to trading, below is my advice, whether to listen or not is up to u:
To succeed in trading, my sincere n genuine advice to newbies:
"Learn to master TA n u are the master of your own trades."
"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"
"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade" U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn, dun waste your money, instead self-learn the skills n use tat money to trade).
I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.
Those TA courses, wat they teach, all are from books, nothing new.
For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much they input all the scientific knowledge into the software
If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.
To know how to post, search the forum for "tinypic.com"
I had created 3 threads dedicated to newbies under "General", "Trading Techniques":
1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)
2. "Some recommended good Trading and TA books" - of course u can also buy TA books.
3. "Advices to newbies" particular the 3 golden mantras.
Take your time to read and learn, dun rush, remember "Rome was not built in one day"
buylist ( Date: 01-Sep-2009 09:00) Posted:
Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish |
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Hi Rich
Thanks for yr advise.
We are of 2 different camps. U are just a chartist. I am looking at value. Up and downtrend is important and it is sometime part of my strategy. I know what I am looking for.
Jmo, China Fish chart shows bearish divergence between the 2 highs n the MACD, but dyodd n BOSAYOR, decision yours.
buylist ( Date: 01-Sep-2009 09:00) Posted:
Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish |
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hi buylist,
Take a look at Raffls Ed, it is on a downtrend, remember the trend is your friend, but dyodd n BOSAYOR.
If u r newbie to trading, below is my advice, whether to listen or not is up to u:
To succeed in trading, my sincere n genuine advice to newbies:
"Learn to master TA n u are the master of your own trades."
"Learn how to fish n u can fend for yourself forever, relying on others n forever u r dependent on others n at their mercy"
"There is no easy way n short-cut to success in life, including trading, all are own hardwork, u need to learn the tools of the trade"
U can download the free charting software from www.chartnexus.com (no need to get the paid version, all these can be self-learn,
dun waste your money, instead self-learn the skills n use tat money to trade).
I self-learnt, see how analysts do it and practice by covering up the candles and test my knowledge and hone my skills
till I m quite confident b4 start trading bcos the mkt is merciless, I rather save the money to trade and multiply it.
Those TA courses, wat they teach, all are from books, nothing new.
For those paid software,even after the software scan, still need our analysis, cannot assume it is 100% correct, as
nothing can replace the human brain and knowledge as analysis is an art of how individual interpret, no matter how much
they input all the scientific knowledge into the software
If u are not sure, post your charts n hopefully some forumers good in TA will exchange pointers with u.
To know how to post, search the forum for "tinypic.com"
I had created 3 threads dedicated to newbies under "General", "Trading Techniques":
1. "Learning TA" - websites where u can learn TA for free but of course, TA is not infallible, thus need to set stop-loss)
2. "Some recommended good Trading and TA books" - of course u can also buy TA books.
3. "Advices to newbies" particular the 3 golden mantras.
Take your time to read and learn, dun rush, remember "Rome was not built in one day"
buylist ( Date: 01-Sep-2009 09:00) Posted:
Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish |
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Today if SSE hits low, then it could be a bad spate for STI
I am selling too. The valuation is still not right.
buylist ( Date: 01-Sep-2009 15:12) Posted:
Continued to buy Raffles Edu and Goodpack as they were tested counters. Quite surprise why ppl are selling at this stage. |
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Continued to buy Raffles Edu and Goodpack as they were tested counters. Quite surprise why ppl are selling at this stage.
Today I am looking at buy for Raffles Education, GoodPack, Pacific Andes, and Chna Fish
Today is good for shorting. SSE down more than 5%
Yanlord - Run up too much from 50c.
China Milk - run up too much recently
China XLX - dual listing story??
Sinotel - dual listing story for a small fly?
UnitedEnviron - Now OHL Is out. Who want this???
Buy List:
Goodpack
Spindex
ChinaFish
PacAndes
Hey anyone follow me on Asiatravel must be laughing to the bank
Today I think Asiatravel has potential to fly as it is undervalued and service industry is picking up. They have in place a erp to drive them forward
I turned buyer since yesterday. As of today Sunpower and Unionmet has nicely edged higher. Now add others to the list
AsiaTravel.com - Cheap still. Target 50c
Pacific Andes - Cheap still. Target 35c
China Fishery - Cheap. Target $2.
Let joint force to buy them up....
Thanks for playing with Unionmet in the last 15 min. Very fun.
Continue tomorrow with SunPower. Target 30c
Let's play Unionmet up. 5c cheap cheap
Continue to short Raffles Education.....
No matter how well we are informed of US news or its market/business activities, we still unable to be very sure of its everyday performance. We can only guage or guess unless we got insiders' info or we are forever guessing..
Will tonight US Consumer Confidence give us a double blow? So SHORT all the way.....