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things every retail investor/trader should know
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http://www.forexfactory.com/news.php?do=news&id=105619
good article.
follow the flow of money, not whatever the hell the BBs say.
sian. there goes the punts.
well, at the v least, newbies get an idea of stop losses now.
logic being: rather lose in the 100s than in the 1000s. And rather lose in the 1000s than in the 10,000s. etc.
market. thank goodness for forex. i'm back to
update on LEH: it's officially out.
http://www.tradethenews.com/stock-news/Financials/Lehman-Brothers-Holdings-Inc/LEH/456605
they're selling majority stake in newberger berman plus a further 4bil to blackrock.
there goes an old institution...
hot off wire, int talk: possible buyout of Lehman. 15 billion.
fyi only
1.061 b traded, quite a meaningful day loh, as compared to last 2 days, though STI shed half hundred pts by close.
not to pour cold H2O, gut feeling, full of pessimism in the current market. plenty of teething problems around, beyond control.
gurus advice not wrong, stay sideline for a while, if u, including me lah, don't see horizon in the wide blue sea.
Like it is suggested in "The Zurich Axioms", playing for peanuts is a waste of time.
Only meaningful stakes are meaningful... but is is only for those who can afford it... 
trader88, solly, american phrase (a lot of my friends are overseas now). n00bs = newbies. (noobs, as you'd pronounce it).
how's the yl ppl doing? was away from comp for a while there. dammit, i shd have put the s/l as range instead of fixed px! my bad there.
harhar, smartbear. what you laughing at. :P
yah. masochist, to be trading in this kind of market. haha. that's why risk mgmt impt. small % for punts, no prob. if you lose, it's just small change. if can't afford to play, stay out. wiser to go longterm.
SmartBear ( Date: 10-Sep-2008 15:57) Posted:
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ha ha! how about using the word masochist(thinking of d bright side). no offence.
stock trading is really mental suffering but yet enjoying loh, esp for the shortists. he he.
LMAOOOOOOooooooooooo
What/who is n00bs??
Hahaha... stock trading is really a game for lone mavericks...
o/r possible trade to try:
NOL.
buy 203-204.
s/l 195.
target 212-218. i like 215.
pls note: all these are rapid trades, they are HIGH RISK. so you need to be on screen to watch and throw the moment it ramps or dives. The most impt is the stop loss. MAKE SURE you can stomach it first before you decide to risk a trade.
i bear no liability for your loss/gain. rem that this is live. Rapids move fast.
rapid trade for n00bs to try if interested (pls make sure you can stomach the stop loss first):
yanlord.
buy 1.38 or less (today). direct if you dare.
s/l 1.32.
target 145 (modest end of the estimate)
trade shd run in 5 days or less.
pls do NOT contra tho. make sure you got enough $$ to last the length.
caveat applies. live trading.
thankee baseer.
and hehe, stupidfool and livermore. good discussion. believe the n00bs would have learnt quite a bit. perhaps to tie it all together: both their approaches can be applied with success. It all really depends on your own preference. The one thing NOT to do though, is to abandon your strat halfway and follow another. If at the outstart you have your entire plan clear (including escape and contingency plans), then it shouldn't be causing indecision or panic.
This is perhaps why reading forums can be very unsettling: you may have made up your mind. but one person says another thing. A second, a third. You start to doubt yourself. And then you sell/buy. And regret it. The main thing always is to have your own mind; some people, admittedly, will have vested interests in calling for buy/sell on an open forum. But, esp with regards to technical advice: you need to know first if the person issuing it is a longterm player, or a rapid trader, or whatever. If you're a longterm player, and you follow a rapid trader's advice, you're more than likely to get utterly confused.
cheers!
Livermore
We both have different style.That we have to acknowledge it.
That is why i used 100k as an example to see where both of us are heading.
To each his own.
cheers
This is part of understanding the damn 'beastly' market...
elfinchilde :
http://dailybriefing.blogs.fortune.cnn.com/2008/09/09/lehman-in-free-fall-again/ --the other macro. LEH currently trading 9.3, down 4.85 for the day.
thanks for the wishes leeyaolong. :)
and ah, livermore, ok. i had the impression it was all in by 80c. always good to have spare bullets and room to maneouvre.
lets see if lehman has any effect on the markets tmrw. nites
Happy Birthday, Elf!
